|Select the Course Number to get further detail on the course. Select the desired Schedule Type to find available classes for the course.|
|FINC 565 - Corporate Risk Management|
Corporate risk management extends the topics covered in Corporate Finance primarily on the uncertainty of cash flows and how this can impact firm value and investment decisions. We will spend the module on the issue of risk management and how it can create value for the firm. This course is designed to train the participants in evaluating and managing risks using an enterprise-wide approach. The course starts with an analysis of how risk management contributes to firm value and discusses a general framework for how to use risk management to create value. The course will also examine the measurement and management of market risks, cash flow risks for non-financial firms, along with other types of risk. We will then turn to the implementation issues of enterprise-wide risk management, showing how to aggregate risks across the firm and how to use a firm-wide risk measure to make various corporate decisions and to evaluate performance within the firm. The main emphasis of the course is on creating value with risk management rather than on the technical details of statistical measurement and pricing of derivatives. The material is necessarily analytical and quantitative, but the course does not require knowledge of mathematics and statistics beyond what is required for the prerequisites. We will examine risk management problems for financial intermediaries as well as for firms outside the financial sector.
1.500 Credit hours
1.500 Lecture hours
0.000 Lab hours
Levels: MN or MC Graduate, Juris Doctor, Undergraduate
Schedule Types: Lecture