... will discuss these issues further in subsequent chapters. OBJECTIVE OF RISK GOVERNANCE AND RISK MANAGEMENT Ultimately, the objective of governing and managing risk is to make the firm more valuable. For directors and managers, this is ...
Managing and Measuring Risk: Emerging Global Standards and Regulations After the Financial Crisis
... Default Spreads +Relative Standard Deviations In the first approach to computing equity risk premiums, we assumed that the default spreads (actual or implied) for the country were good measures of the additional risk we face when ...
Managing and Measuring of Risk: Emerging Global Standards and Regulations After the Financial Crisis
... country risk score from the Economist or PRS for the country, we could look for other countries that are rated and have similar scores and assign the default spreads that these countries face. For instance, we could assume that Cuba and ...
Oliviero Roggi Alessandro Giannozzi. carrying out the project is included in the estimated cash flows. This approach ... only when coverage is perfect. Thus, an expression of value of this type is ... operating cash flows of a commercial nature ...
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