Risk Management and Derivatives

Rene Stulz

ISBN 10: 0538861010 / ISBN 13: 9780538861014

Published by Cengage Learning, Inc, 2002

About this Item

In direct contrast to most existing derivatives books which emphasize issues related to the pricing and hedging of derivatives and are intended more to train traders, not managers, this groundbreaking book is designed for those who want to teach managers how to use derivatives to maximize firm value through risk management. This book presents the crucial tools necessary for executives and future derivatives players to effectively hedge with derivatives in order to protect firms from losses. Coverage includes all the pricing tools that are necessary for those who seriously intend to use derivatives as well as the necessary tools to evaluate how to use a particular derivative to reduce risk. Rather than focusing on an array of possible derivatives, the book is much more concerned about teaching a general approach to use derivatives so that students know how to use existing derivatives for risk management as well as derivatives that do not yet exist.

Seller Inventory # CIN0538861010G

Bibliographic Details

• Title: Risk Management and Derivatives
• Publisher: Cengage Learning, Inc
• Publication Date: 2002
• Language: English
• ISBN 10: 0538861010
• ISBN 13: 9780538861014
• Binding: Hardback
• Condition: Good

About this title

Synopsis

Designed specifically for managers, this groundbreaking book emphasizes how to use derivatives to maximize firm value through risk management - instead of just using derivatives to speculate. It presents the crucial tools necessary for executives and derivatives players to effectively hedge with derivatives in order to protect firms from losses. Coverage includes all the pricing tools needed to use derivatives seriously, as well as the tools to evaluate how to use a particular derivative to reduce risk. Risk Management and Derivatives takes a general approach to derivatives, illustrating how to use existing derivatives for risk management - as well as derivatives that do not yet exist.

About the Author

Rene M. Stulz is the Everett D. Reese Chair of Banking and Monetary Economics at the Ohio State University and the Director of the Dice Center for Research in Financial Economics at the Ohio State University. He previously taught at the University of Rochester and held visiting appointments at the Massachusetts Institute of Technology and the University of Chicago. He was a Marvin Bower Fellow at the Harvard Business School for the 1996-1997 academic year. He received his Ph.D. from the Massachusetts Institute of Technology. He holds an honorary doctorate from the University of Neuch�tel in Switzerland and is a Fellow of the Financial Management Association. Rene M. Stulz was editor of the Journal of Finance for twelve years and a co-editor of the Journal of Financial Economics for five years. He edits the corporate finance and banking abstracts for the Social Sciences Research Network. He is also on the editorial board of several academic and practitioner journals. Further, he is a research associate of the National Bureau of Economic Research.