| Author | Chandrahasan, Vivek Krishna |
| Call Number | AIT Proj. no.SM-10-01 |
| Subject(s) | Financial risk management
|
| Note | A project study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration in Business Administration - MBA |
| Publisher | Asian Institute of Technology |
| Series Statement | |
| Abstract | The term Risk Management is in existence for long time. But the evolution of “Risk Management” methods and techniques largely started during the early 1990s. Today’s “Risk Management” mostly termed as "financi al risk management" started shaping face in the wake of late 1990s and is different from bot h of the earlier versions. Risk represents the chance that actual events turn out to be significantly different than what was initially expected. Risk is defined as the uncertainty surrounding the outcome of a future event Risk management is the process by which various risk exposures are identified, measured and controlled. Key Drivers for Risk Management are: Deregulation, Increased role of securities and derivatives, Volatility, Globalization and Regulatory Requiremen t. This is an area that has experienced explosive growth due to the development of derivati ves markets. It is an area of finance where theory has been so quickly and completely implement ed into actual practice. Derivatives have become so widespread and central to business practi ce to gain competitive advantage and maximize shareholder value. We define the “ ART ” of Risk Management. A ccept the risk (e.g., self-insure) R emove the risk (divest, diversify) T ransfer the risk (hedging, insurance) Thus Risk Management in itself is an ART and is as much as an ART as it is a science. Effective Risk management starts with the precise measurement of risk and financial intermediaries, because of the nature of their business, tend to be leading architects of new risk measurement techniques. This project is focused mainly from an academic per spective by reading through different literature on Risk Management, Financial Risk Management and Corporate Risk Management. The objective is to understand the realms of Risk Management in financial and non financial firms and to appreciate the theories and models use d to identify, define and measure major risk categories. |
| Year | 2010 |
| Corresponding Series Added Entry | |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Venkatesh, Sundar |
| Examination Committee(s) | Gopalaswamy, Arun Kumar;Do Ba Khang |
| Scholarship Donor(s) | Asian Institute of Technology Fellowship |
| Degree | Project (M.B.A.) - Asian Institute of Technology, 2010 |