Corporate Financial Risk Management

by Nersesian, Roy L.

• ISBN13: 9781567205848
• ISBN10: 1567205844
• Format: Hardcover
• Copyright: 2004-02-28
• Publisher: Praeger Pub Text

Summary

What if you could understand financial risk management without immersing yourself in high-level mathematics? In this straightforward, readable guide--which requires only a working familiarity with financial spreadsheets--Nersesian explains what financial risk management is, describes its various forms, and shows how to anticipate and cope with it. Nersesian's approach is truly new. He combines cost/benefit analysis with probability distributions, so you can easily grasp the concepts and mechanics of financial risk reduction, and his examples are expressed in familiar business terminology. His illustrations, built on the widespread and popular Excel spreadsheet, are equally familiar or easily grasped by computer-friendly novices. As a result, Nersesian shows that risk management can be appreciated and dealt with by people with no access to risk management specialists, or specialists whose jargon and analytic methods are seldom understood by anyone but themselves.

Author Biography

Roy L. Nersesian is Associate Professor in the Management and Marketing Department, School of Business, Monmouth University in West Long Branch, New Jersey.

Table of Contents

Introduction	ix
1 Risk: It Is All in the Tail	1	(24)
2 What Rate to Compensate for Risk?	25	(30)
3 Managing Risk in a Project Financing	55	(38)
4 Risk in Financing General Corporate Credits	93	(28)
5 The Risk of Running Out of Cash	121	(20)
6 Evaluating Risk Inherent in Product Development	141	(12)
7 A Not-So-Random Walk Down Wall Street	153	(24)
8 Hedging with a Swap	177	(24)
9 Insuring Against Business Risks	201	(30)
Suggested Reading	231	(2)
Index	233