Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/81350 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
IFN Working Paper No. 847
Verlag: 
Research Institute of Industrial Economics (IFN), Stockholm
Zusammenfassung: 
In this chapter we examine the role of the CFO in setting risk management strategy with respect to macroeconomic risk, in particular, and we consider the information requirements for setting a strategy that is consistent with corporate objectives. We argue that macroeconomic risk management requires a broad approach encompassing financial, operational and strategic considerations. Furthermore, several interdependent sources of risk in the macroeconomic environment must be taken into account. Once this interdependence among, for example, exchange rates, interest rates and inflation are taken into account macroeconomic risk management can be considered a relatively self-contained aspect of Integrated Risk Management (IRM) provided relevant information is available to management. Financial risk management cannot be considered a self-contained part of macroeconomic risk management, however, since value increasing investments in flexibility of business operations affect corporate exposure and make it uncertain.
Schlagwörter: 
Risk Management Strategy
Macroeconomic Risk
Integrated Risk Management
Chief Financial Officer
Information Needs
Corporate Strategy
Financial Risk
Real Options
JEL: 
F23
G01
G32
G34
M21
Dokumentart: 
Working Paper

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