Pesquisa de referências

Enterprise risk management and the cost of capital

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
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100  ‎$0‎MAPA20080648787‎$a‎Berry-Stölzle, Thomas R.
24510‎$a‎Enterprise risk management and the cost of capital‎$c‎Thomas R. Berry-Stölzle, Jianren Xu
520  ‎$a‎Enterprise risk management (ERM) is a process that manages all risks in an integrated, holistic fashion by controlling and coordinating any offsetting risks across the enterprise. This research investigates whether the adoption of the ERM approach affects firms' cost of equity capital. We restrict our analysis to the U.S. insurance industry to control for unobservable differences in business models and risk exposures across industries. We simultaneously model firms' adoption of ERM and the effect of ERM on the cost of capital. We find that ERM adoption significantly reduces firm's cost of capital. Our results suggest that cost of capital benefits are one answer to the question how ERM can create value.
650 4‎$0‎MAPA20100002285‎$a‎Enterprise Risk Management
650 4‎$0‎MAPA20080536534‎$a‎ERM
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20110024864‎$a‎Modelos de negocio
650 4‎$0‎MAPA20080549961‎$a‎Capitales
7001 ‎$0‎MAPA20180001611‎$a‎Xu, Jianren
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎01/03/2018 Volumen 85 Número 1 - marzo 2018 , p. 159-201