The new NYSE rules for corporate governance require the audit committee to discuss and review the firm's risk …, our measure of risk management is found to be an increasing function of the percentage of directors holding a diploma …

Credit risk is the major challenge for risk managers and market regulators. Banks, regulators and central banks do not … agree on how to measure credit risk and, more particularly, on how to compute the optimal capital that is necessary for … protecting the different partners that share this risk. Asking banks to keep too much capital in reserve to cover credit risk can …

We take up the question of potential conflicts between the objectives of risk management policies and those connected … risk management - banks and insurance companies in particular. In the wake of the Enron affair, various proposals have been … is now a widely accepted fact that risk management issues can give rise to conflicts of interest between heads of firms …

Risk management is now present in many economic sectors. This paper investigates the role of risk management in … financial intermediaries whose primary role in the economy is risk pooling and risk bearing. The risk pooling and risk bearing … functions performed by insurers are the primary determinants of the need for risk management. The main goal of this paper is to …

This paper tests the effects of the independence and financial knowledge of directors on risk management and firm value …, and financial experience allows us to test the effect of each dimension of financial knowledge on risk management activities …. We show that directors' financial knowledge increases firm value through the risk management channel. This effect is …