IDEAS home Printed from https://ideas.repec.org/a/neo/journl/v12y2016i2p128-141.html
   My bibliography  Save this article

Review Of Studies On The Impact Of Risks And Risk Management On Firm Value

Author

Listed:
  • LILYANA MARINOVA

    (UNIVERSTITY OF NATIONAL AND WORLD ECONOMY, SOFIA)

Abstract

This paper reviews the existing studies devoted on the impact of various risks on firm value, as well as the impact of risk management of certain risks or as a whole on firm value. The studies can be divided in two main groups – survey-based and based on statistical data. The survey-based studies are conducted through questionnaires among company managers and reveal the perception of managers about the value of risk management. The second group of studies relies on data gathered from company reports and other financial and economic sources to infer the value from risk management. Most of the studies find that risk management increases firm value.

Suggested Citation

  • Lilyana Marinova, 2016. "Review Of Studies On The Impact Of Risks And Risk Management On Firm Value," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(2), pages 128-141.
    • Handle: RePEc:neo:journl:v:12:y:2016:i:2:p:128-141
    as

    Download full text from publisher

    File URL: http://em.swu.bg/images/SpisanieIkonomikaupload/SpisanieIkonomika2016/REVIEW%20OF%20STUDIES%20ON%20THE%20IMPACT%20OF%20RISKS%20AND%20RISK.pdf
    Download Restriction: no
    File URL: http://em.swu.bg/index.php?option=com_content&view=article&id=590:review-of-studies-on-the-impact-of-risks-and-risk-management-on-firm-value&catid=27:2016&Itemid=116
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Risk Management; Firm Value;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:neo:journl:v:12:y:2016:i:2:p:128-141. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vladislav Krastev (email available below). General contact details of provider: https://edirc.repec.org/data/feswubg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.