Contemporary Challenges in Risk Management

Abstract

Introduction - Contemporary Challenges in Risk Management Torben J. Andersen 1. Distinguishing Rationality and Bias in Prices - Implications from Judgments of Risk and Expected Return Hersh Shefrin 2. Looking Under the Lamppost? A Research Agenda for Increasing Enterprise Risk Management's Usefulness to Practitioners Philip Bromiley and Davaki Rau 3. The Risk-return Outcomes of Strategic Responsiveness Torben J. Andersen and Richard A. Bettis 4. Exploring the Effect of Effective Risk Management Capabilities Anders O. Hansen and Torben J. Andersen 5. The 'soft' Side of Strategic Risk Management - How Top Managers' Leadership Style Affects Volatility in Performance Simon S. Torp and Stefan Linder 6. A Management Accounting Perspective on Risk Management Ulrik Christiansen 7. Subjective Beliefs and Statistical Forecasts of Financial Risks - The Chief Risk Officer Project Glenn W. Harrison and Richard D. Phillips 8. Defaults and Returns in the High-yield Bond and Distressed Debt Markets - Review and Outlook Edward I. Altman and Brenda J. Kuehne