1、此文档是毕业设计外文翻译成品( 含英文原文 +中文翻译),无需调整复杂的格式!下载之后直接可用,方便快捷!本文价格不贵 ,也就几十块钱! 一辈子一次的事! 外文标题: Financial Risk Management: An Introduction 外文作者: Franois-Serge Lhabitant,Olivier Tinguely 文献出处 :Thunderbird International Business Review, Vol. 43(3) 343 363 英文 4402单词, 24567字符,中文 7302汉字。 Financial Risk Management: A
2、n Introduction Franois-Serge Lhabitant,Olivier Tinguely Executive Summary This article provides a brief introduction to risk management. It discusses the rationale for risk management for corporations, with a strong focuson financial risk management. It describes the various risks that a company is
3、facing, as well as the various steps to identify and manage them. An illustration of the major tools and methodologies is provided for the case of market risks. INTRODUCTION Risk management is in fashion. One cannot open a business magazine or an academic review without reading an article on financi
4、al risk management, derivatives, or Value at Risk (VaR). Three main reasons explain this growing interest: the prevailing economic and financial conditions over the last three- decades, advances in economic and financial theory and, finally, the availability of computing power. The need for manageme
5、nt of financial risk has increased in the wake of two major economic events: the progressive opening of national economies to the world market since World War II and the breakdown of the Bretton Woods fixed exchange rates system in the early 1970s. Since then, companies have been increasingly expose
6、d to several kinds of risk and various financial crises. Examples include the world oil price crises, periods of explosive interest rate volatility, successive stock and bond market crashes, currency crises, the collapse of Long-Term Capital Management, and the financial crises in Mexico, Asia, Russia, and Brazil. These events directly affected the return that most firms received in the course of their businesses, most of the time negatively. As a result, instruments and methods of prote