Corporate Risk Management Book

Introduction     vii
The Products     1
Financial Innovation: Achievements and Prospects   Merton H. Miller     5
The Evolution of Risk Management Products   S. Waite Rawls III   Charles W. Smithson     18
The Revolution in Corporate Risk Management: A Decade of Innovations in Process and Products   Christopher L. Culp     32
A Senior Manager's Guide to Integrated Risk Management   Lisa K. Meulbroek     63
Corporate Uses of the Products     87
Rethinking Risk Management   Rene M. Stulz     93
An Analysis of Trading Profits: How Most Trading Rooms Really Make Money   Alberic Braas   Charles N. Bralver     121
Theory of Risk Capital in Financial Firms   Robert C. Merton   Andre F. Perold     131
Value At Risk: Uses and Abuses   Christopher L. Culp   Merton H. Miller   Andrea M. P. Neves     162
Allocating Shareholder Capital to Pension Plans   Robert C. Merton     184
The Uses and Abuses of Finite Risk Reinsurance   Christopher L. Culp   J. B. Heaton     205
Does Risk Management Add Value? A Survey of the Evidence   Charles W. Smithson   Betty J. Simkins     235
Practitioner Perspectives: Case Studies and Roundtables     257
Identifying, Measuring, and Hedging Currency Risk at Merck   Judy C. Lewent   A. John Kearney     263
Corporate Insurance Strategy: The Case of British Petroleum   Neil A. Doherty   Clifford W. Smith, Jr.     279
Hedging and Value in the U.S. Airline Industry   David A. Carter   Daniel A. Rogers   Betty J. Simkins     299
Enterprise Risk Management: Theory and Practice   Brian W. Nocco   Rene M. Stulz     323
The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One   Tom Aabo   John R. S. Fraser   Betty J. Simkins     348
University of Georgia Roundtable on Enterprise-Wide Risk Management, Atlanta, Georgia, November 18, 2002     379
Morgan Stanley Roundtable on Enterprise Risk Management and Corporate Strategy, New York City, June 21, 2005     413
Index     459