Date: Tuesday, March 11th, 2014
Time: 11:00 am Eastern Standard Time (EST)
To Register: https://www3.gotomeeting.com/register/803293662
NYU Stern MS in Risk Management Program proudly presents Yvette Connor, NYU Stern MS in Risk Management Class of 2013 & Managing Director – Risk Management Advisory Services at Alvarez & Marsal LLC. In this webinar, Yvette will be presenting her final capstone presentation: Does Risk Management Matter to Shareholders? An Analysis of the Value of Risk Management. The capstone project is a group project that works as a practical application of the curriculum taught throughout the year and presented at the culmination of the program.
Though not a new concept to either industry and academia, the discipline of risk management has gained in prevalence since the global financial crisis of 2008, during which time examples of perceived “poor” risk management were on display in abundance. This webinar seeks to ascertain whether or not there is value in “good” risk management; whether or not that value is recognized (and reaped) by shareholders; and, finally, whether or not that value can be quantified.
Building upon the existing body of research and the established analytical frameworks for testing and assessing the value of risk management, this webinar illustrates the relatively recent shift in focus among researchers and risk practitioners alike from traditional risk management strategies (e.g. hedging, insurance, etc.) to more holistic, enterprise-wide risk management programs. We will address the challenges inherent in identifying firms with “good” risk management and those without “good” risk management and evaluate the various methods for making such determinations; that is, through the use of surveys, industry research, corporate filings and the like.
We will ultimately arrive at the conclusion that a corporate culture emphasizing sustainability may be considered a reasonable proxy for firms with “good” risk management.