Financial Strategy and Risk Management

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In the global financial world, companies devote considerable resources in managing various risks facing the organisation. The risk that any firm faces in its operations is often defined in terms of its exposures that include the elements of interest rate risk, currency risk, business cycle risk, inflation risk, commodity price risk and industry risk. Risk management encompasses the assessment and management of the corporate’s exposure to the different sources of risk through the use of derivatives and other allied activities. The very idea of managing exposure to the various sources of risk is relatively new but is continuously growing in importance. The trend towards a greater focus towards risk management is primarily due to a variety of factors, such as the increased volatility of the interest rates and the exchange rates. Added to this, the increased understanding of the derivative instruments has also added to the increased level of their acceptance as tools of risk management. Changing corporate profiles coupled with the ways of doing business has led to a different approach towards dealing with and managing risk. Today, organizations are gradually shifting from the traditional piecemeal approach of risk management towards a more holistic and organization wide approach, commonly termed enterprise risk management. This book "Financial Strategy and Risk Management" provides a unique blend of risk management and corporate strategy and offers an interesting reading.

ABOUT THE AUTHOR Arindam Banerjee

Arindam Banerjee holds a PGDBA from Icfai Business School. His assignments primarily include developing courseware in areas of economics and corporate finance. He is also actively involved in teaching postgraduate students in areas of microeconomics, corporate finance and strategic financial management. He is Consulting Editor for Portfolio Organizer, a monthly magazine by the Icfai University Press, pertaining to areas of Investments, Personal Finance and Global Economy. He has edited a few books published by the Icfai University Press. He has a good number of published articles, case studies and research papers in finance related areas in international journals to his credit.

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Bibliographic information

Title
Financial Strategy and Risk Management
Author
Edition
1st ed.
Publisher
ISBN
8131405206
Length
272p.
Subjects