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  • All HBS Web  (5,494)
    • People  (10)
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  • 11 Jan 2014
  • Conference Presentation

Towards a Contingency Theory of Enterprise Risk Management

By: Anette Mikes
Citation
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Mikes, Anette. "Towards a Contingency Theory of Enterprise Risk Management." Paper presented at the American Accounting Association, Management Accounting Section Research and Case Conference, American Accounting Association, Orlando, FL, January 11, 2014.
  • November 2003 (Revised March 2004)
  • Case

General Motors Corporation: Retiree Benefit Risk Management (A)

By: David F. Hawkins and Jacob Cohen
General Motors issues $17 billion and uses $10 billion to reduce an unfunded pension obligation. View Details
Keywords: Retirement; Accounting; Compensation and Benefits; Auto Industry; United States
Citation
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Related
Hawkins, David F., and Jacob Cohen. "General Motors Corporation: Retiree Benefit Risk Management (A)." Harvard Business School Case 104-041, November 2003. (Revised March 2004.)
  • 2007
  • Working Paper

New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability

By: Dale F. Gray, Robert C. Merton and Zvi Bodie
This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims analysis (CCA), which is successfully used today at the level of... View Details
Keywords: Financial Crisis; Macroeconomics; Central Banking; Risk Management
Citation
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Gray, Dale F., Robert C. Merton, and Zvi Bodie. "New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability." NBER Working Paper Series, No. 13607, November 2007.
  • 2009
  • Chapter

Becoming the Lamp Bearer: The Emerging Roles of the Chief Risk Officer

By: Anette Mikes
Enterprise risk management, under the leadership of chief risk officers (CROs), has the promise to bring enterprise-wide risks, which threaten the achievement of the firm's strategic objectives, into the open and under control. Its organizational significance is... View Details
Keywords: Governance Controls; Managerial Roles; Risk Management; Business Processes; Risk and Uncertainty
Citation
Related
Mikes, Anette. "Becoming the Lamp Bearer: The Emerging Roles of the Chief Risk Officer." Chap. 5 in Enterprise Risk Management: Today's Leading Research and Best Practices for Tomorrow's Executives, edited by John Fraser and Betty Simkins. John Wiley & Sons, 2009.
  • 16 Sep 2019
  • Research & Ideas

Crowdsourcing Is Helping Hollywood Reduce the Risk of Movie-Making

Success at the movie box office can be difficult to predict. For every surprise hit film like Crazy Rich Asians, there’s a massive flame-out like Justice League. Unlike television, where a station can test a pilot before committing to a series, studios must spend... View Details
Keywords: by Michael Blanding; Motion Pictures & Video
  • 18 Jun 2018
  • Working Paper Summaries

A Measure of Risk Appetite for the Macroeconomy

Keywords: by Carolin E. Pflueger, Emil Siriwardane, and Adi Sunderam
  • 2010
  • Chapter

Understanding and Coping with the Increasing Risk of System-Level Accidents

By: Dutch Leonard and Arnold M. Howitt
The world has seen a number of recent events in which major systems came to a standstill, not from one cause alone but from the interaction of a combination of causes. System-level accidents occur when anomalies or errors in different parts of an interconnected system... View Details
Keywords: Economics; Globalization; Risk Management; Boundaries; System Shocks
Citation
Related
Leonard, Dutch, and Arnold M. Howitt. "Understanding and Coping with the Increasing Risk of System-Level Accidents." In Integrative Risk Management: Advanced Disaster Recovery, edited by Simon Woodward. Zurich, Switzerland: Swiss Re, Centre for Global Dialogue, 2010.
  • March 2011
  • Case

Grand Circle Travel: Where Risk Comes with the Territory

By: Herman B. Leonard
A worldwide travel company is intrinsically exposed to risks of natural and man-made disasters. How do you organize a business for success when it must on a nearly daily basis cope with hazards ranging from minor mishaps to large-scale catastrophes? Alan and Harriet... View Details
Keywords: Crisis Management; Risk and Uncertainty; Safety; Transportation; Organizational Design; Decision Choices and Conditions; Organizational Structure; Mission and Purpose; Competitive Advantage; Travel Industry
Citation
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Leonard, Herman B. "Grand Circle Travel: Where Risk Comes with the Territory." Harvard Business School Case 311-105, March 2011.
  • Research Summary

Contract Rights and Risk Aversion: Foreign Banks and the Mexican Economy, 1997-2004

In 1997 Mexicos banking laws were reformed, allowing foreign banks, for the first time since the nineteenth century, to purchase controlling interests in the countrys largest banks. Foreign banks controlled 16 percent of Mexican bank assets in March 1997. By June... View Details

  • 2004
  • Other Unpublished Work

Capital and Value of Risk Transfer: Presented at Actuarial Approach for Financial Risks (AFIR) Colloquium, Boston, MA, November

By: K. Froot, G. Venter and J. Major
Keywords: Capital; Risk and Uncertainty
Citation
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Froot, K., G. Venter, and J. Major. "Capital and Value of Risk Transfer: Presented at Actuarial Approach for Financial Risks (AFIR) Colloquium, Boston, MA, November." November 2004.
  • Article

Risk Aversion in Bargaining: An Experimental Study

By: J. K. Murnighan, A. E. Roth and F. Schoumaker
Keywords: Risk and Uncertainty; Information
Citation
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Murnighan, J. K., A. E. Roth, and F. Schoumaker. "Risk Aversion in Bargaining: An Experimental Study." Journal of Risk and Uncertainty 1, no. 1 (March 1988): 101–124.
  • September – October 2011
  • Article

Managing the Multiple Dimensions of Risk-Part II: The Office of Risk Management

By: Anette Mikes and Robert S. Kaplan
In the second article of our two-part series, we explore the concept of an Office of Risk Management along with a case study of an innovative risk management function at JP Morgan Private Bank. We also look at the "softer" components of risk management, including a... View Details
Keywords: Banks and Banking; Innovation and Invention; Management Style; Managerial Roles; Risk Management
Citation
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Mikes, Anette, and Robert S. Kaplan. "Managing the Multiple Dimensions of Risk-Part II: The Office of Risk Management." Balanced Scorecard Report 13, no. 5 (September–October 2011): 1–6.
  • 1997
  • Other Unpublished Work

Maximizing Corporate Shareholder Value Using Risk Profile Dynamics

By: Marc L Bertoneche and Samir Asaf
Keywords: Value Creation; Business and Shareholder Relations; Risk and Uncertainty; Risk Management
Citation
Related
Bertoneche, Marc L., and Samir Asaf. "Maximizing Corporate Shareholder Value Using Risk Profile Dynamics." University of Oxford, Templeton College, January 1997.
  • November – December 2009
  • Article

Risk Management and the Strategy Execution System

By: Robert S. Kaplan
Keywords: Risk Management; Strategy; System
Citation
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Kaplan, Robert S. "Risk Management and the Strategy Execution System." Balanced Scorecard Report 11, no. 6 (November–December 2009): 1–6.
  • 1993
  • Article

Interest Rate Parity and the Exchange Risk Premium

By: E. S. Mayfield and R. Murphy
Keywords: Interest Rates; Risk and Uncertainty
Citation
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Related
Mayfield, E. S., and R. Murphy. "Interest Rate Parity and the Exchange Risk Premium." Economics Letters (1993).
  • September 1982
  • Article

Risk Aversion and the Negotiation of Insurance Contracts

By: R. Kihlstrom and A. E. Roth
Keywords: Risk and Uncertainty; Negotiation; Insurance
Citation
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Related
Kihlstrom, R., and A. E. Roth. "Risk Aversion and the Negotiation of Insurance Contracts." Journal of Risk and Insurance 49 (September 1982): 372–387.
  • May 1985
  • Article

Financial Risk and the Burdens of Contracts

By: Dutch Leonard and Richard Zeckhauser
Keywords: Finance; Risk and Uncertainty; Contracts
Citation
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Related
Leonard, Dutch, and Richard Zeckhauser. "Financial Risk and the Burdens of Contracts." American Economic Review 75, no. 2 (May 1985).
  • January 2005
  • Article

Business Groups and Risk Sharing Around the World

By: Tarun Khanna and Yishay Yafeh
Keywords: Groups and Teams; Risk and Uncertainty
Citation
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Khanna, Tarun, and Yishay Yafeh. "Business Groups and Risk Sharing Around the World." Journal of Business 78, no. 1 (January 2005): 301–340.
  • 1993
  • Chapter

Management of Risk Capital in Financial Firms

By: Robert C. Merton and André Perold
Keywords: Risk Management; Capital; Financial Institutions; Financial Services Industry
Citation
Find at Harvard
Related
Merton, Robert C., and André Perold. "Management of Risk Capital in Financial Firms." In Financial Services: Perspectives and Challenges, edited by Samuel L. Hayes III, 215–245. Boston, MA: Harvard Business School Press, 1993.
  • 2008
  • Working Paper

New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability

By: Dale F. Gray, Robert C. Merton and Zvi Bodie
This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims analysis (CCA), which is successfully used today at the level of... View Details
Keywords: Financial Crisis; Macroeconomics; Central Banking; Risk Management
Citation
Read Now
Related
Gray, Dale F., Robert C. Merton, and Zvi Bodie. "New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability." Harvard Business School Working Paper, No. 09-015, August 2008. (Revised.)
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