Understanding the nature of risk -- Principles of risk, return, and financial decision making -- Basic concepts of financial risk management -- The financial risk management environment -- The value of financial risk management -- Measuring market risk -- Managing market risk with forward and...

Using a unique and extremely granular data set of complete currency spot and derivatives positions for 101 large non-financial corporations, we compare the stated currency risk management policies with the actual strategies executed by these companies. We identify a notable discord between their...

We investigate the dynamic nature and temporal daily changes in systematic (beta), as well as idiosyncratic and total risk around restatement announcements. We find that beta increases by 51% at restatement announcement but it reverts to the pre-restatement level within one month. However,...