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The Theory and Practice of Corporate Risk Management


  • Henri Servaes
  • Ane Tamayo
  • Peter Tufano


The financial crisis of 2008 and the resulting recession caught many companies unprepared and, in so doing, provided a stark reminder of the importance of effective risk management. While academic theory has long touted the benefits of risk management, companies have varied greatly in the ways and extent to which they put theory into practice. Copyright Copyright (c) 2009 Morgan Stanley.

Suggested Citation

  • Henri Servaes & Ane Tamayo & Peter Tufano, 2009. "The Theory and Practice of Corporate Risk Management," Journal of Applied Corporate Finance, Morgan Stanley, vol. 21(4), pages 60-78.
  • Handle: RePEc:bla:jacrfn:v:21:y:2009:i:4:p:60-78

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    Cited by:

    1. Hoang, Daniel & Ruckes, Martin, 2014. "The effects of disclosure policy on risk management incentives and market entry," Working Paper Series in Economics 65, Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering.
    2. repec:eee:jfinin:v:30:y:2017:i:c:p:107-121 is not listed on IDEAS
    3. repec:eee:reacre:v:27:y:2015:i:1:p:66-72 is not listed on IDEAS
    4. Sriya Anbil & Alessio Saretto & Heather Tookes, 2016. "Does Hedging with Derivatives Reduce the Market's Perception of Credit Risk?," Finance and Economics Discussion Series 2016-100, Board of Governors of the Federal Reserve System (U.S.).
    5. repec:eee:jbfina:v:86:y:2018:i:c:p:70-86 is not listed on IDEAS
    6. Volker Stein & Arnd Wiedemann, 2016. "Risk governance: conceptualization, tasks, and research agenda," Journal of Business Economics, Springer, vol. 86(8), pages 813-836, November.

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