ppt课件-measuring market exposure- n y u stern（衡量市场风险敞口u - n y船尾）.pptVIP

Financial Risk Management Prof. Ian Giddy New York University Risk Management is a Process Risk Management is a Process Risk Management is a Process Risk Management is a Process Financial Risk Management Why does it matter? Why and when should we hedge? What should we hedge? How should we gauge exposure? Financial risk management must be tied to the company’s business The Case For Hedging Company has special information Company has special market access Secure cash for investment opportunities Reduce potential costs of financial distress, increase debt capacity, and reduce expected taxes Sin