rochette, michel (2009): From risk management to ERM. Published in: Journal of Risk Management in Financial Institutions , Vol. 2, : pp. 394-408.
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At one point in time, there was self-insurance. Then came risk management. Now comes the era of enterprise risk management(ERM). Traditional risk management will always be necessary, but ERM will complement existing risk activities by extending the field to cover all core risks as well as emerging and strategic opportunities, because without taking risks, organisations gain no value. This paper will present the main elements of an ERM framework and characteristics of different types of ERM.
|Item Type:||MPRA Paper|
|Original Title:||From risk management to ERM|
|Keywords:||ERM, CRO, risk management, risk designation, risk framework, risk system, risk culture, governance, risk intelligence, risk capital, GIR|
|Subjects:||D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty
D - Microeconomics > D8 - Information, Knowledge, and Uncertainty
G - Financial Economics > G3 - Corporate Finance and Governance
G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
|Depositing User:||michel rochette|
|Date Deposited:||16. Aug 2011 18:46|
|Last Modified:||13. Feb 2013 14:54|
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