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The Value of corporate risk management empirical evidence from large U.K. companies

The Value of corporate risk management empirical evidence from large U.K. companies
Fichero PDF / PDF file
MAP20089000340
Ashby, S. G.
The Value of corporate risk management empirical evidence from large U.K. companies / S.G. Ashby, S.R. Diacon. — Liège : EURO : University of Liège, 1994
8 p. ; 30 cm
Donación de AGERS. — Ponencia presentada en "Risk management : 4th Mini Euro-Conference : A meeting place for indutries companies and universities", celebrada en Liège, 4 al 6 mayo de 1994, organizada por EURO y University of Liège
Sumario: This paper attempts to explain why large UK corporation undertake risk management in order to control the impact of fortuitous loss. Empirical results are based on a postal questionnaire survey of 127 risk and finance manager selected from a sample of the 350 largest UK companies. Although the results confirm a widespread agreement on the importance of risk management, particulary in connection with risks affecting third parties, there is no apparent relationship between risk management objectives and the financial characteristics or operating environmental of the firm. The inability to explain inter-firm differences in risk management practice suggests that such differences are due to variations in non-financial characteristics such as organisational culture and managerial behaviour
1. Gerencia de riesgos . 2. Gran Bretaña . 3. Empresas . 4. Seguro de pérdida de beneficios . 5. Encuestas . 6. Análisis empírico . 7. Unión Europea . 8. Conferencias . 9. Documento AGERS . I. Diacon, Stephen R. . II. European Association of Operational Research Societies . III. University of Liège . IV. Mini Euro-Conference (4th: 1994: Liège) . V. Título.