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008			211125s2021 si | o |||| 0|eng d
020			_a9789811634680
024	7		_a10.1007/978-981-16-3468-0 _2doi
040			_aES-VaU _bspa _cES-VaU _dES-VaU
050		4	_aHD61 _b2021 EB
100	1		_aLee, Hongmu. _eautor. _0(orcid)0000-0001-6309-1737 _1https://orcid.org/0000-0001-6309-1737 _4aut _4http://id.loc.gov/vocabulary/relators/aut
245	0	0	_aRisk Management : _bFundamentals, Theory, and Practice in Asia _cby Hongmu Lee
250			_a1st ed. 2021.
264		1	_aSingapore _c2021 _bSpringer International Publishing
300			_a1 recurso en línea
336			_atexto _btxt _2rdacontent
337			_aelectrónico _bc _2rdamedia
338			_arecurso electrónico _bcr _2rdacarrier
490	0		_aSpringer Texts in Business and Economics _x2192-4341
505	0		_aPart 1The general theory of risk management -- 1 The concept of risk and corporate risk -- 2 Enterprise risk management and related fields -- 3 Accounting fraud and internal control -- 4 COSO ERM framework -- 5 ISO RM framework -- 6 Risk assessment -- 7 Value at risk -- Part 2 Risk Financing -- 8 Risk treatment and ART -- 9 Limitations of insurance as a risk financing tool -- 10 Captive insurers and finite insurance -- 11 Contingent capital -- 12 Securitization and insurance-linked securities -- 13 Insurance-linked security types -- 14 Derivatives and insurance derivatives -- 15 Weather derivatives trading -- 16 Risk management in China -- 17 Risk management in South Korea.
520			_aThis book outlines risk management theory systematically and comprehensively while distinguishing it from academic fields such as insurance theory. In addition, the book builds a risk financing theory that is independent of insurance theory. Until now, risk management (RM) theory has been discussed while the framework of the theory has remained unclear. However, this book, unlike previous books of this type, provides risk management theory after presenting a framework for it. Enterprise risk management (ERM) is seen differently depending on one's position. For accountants, it is a means for internal control to prevent accounting fraud, whereas for financial institutions, it quantifies the risk that administrators can take to meet supervisory standards. Therefore, most of the ERM outlines are written to suit the intended uses or topics, with no systematic RM overviews. This book discusses a systematic RM theory linked to the framework of it, unlike previous books that were written according to topic. After the Enron scandal in December 2001 and WorldCom accounting fraud in June 2002, several laws were enacted or revised throughout the world, such as the SOX Act(Sarbanes-Oxley Act) in the United States and the Financial Instruments and Exchange Law and Companies Act in Japan. In this process, the COSO(Committee of Sponsoring Organizations of Treadway Commission) published their ERM framework, while the ISO (International Organization for Standardization) published their RM framework. The author believes that the competition between these frameworks was an opportunity to systematize RM theory and greatly develop it as an independent discipline from insurance. On the other hand, the Great East Japan Earthquake that occurred on March 11, 2011, caused enormous losses. Also, because pandemics and cyber risks are increasing, businesses must have a comprehensive and systematic ERM for these risks associated with their business activities.
856	4	0	_uhttps://go.openathens.net/redirector/universidadeuropea.es?url=https://doi.org/10.1007/978-981-16-3468-0 _zAcceso a este recurso digital (usuarios Universidad Europea de Valencia)
942			_2lcc _cLE
988			_aSpringer_Business_2021
999			_c239295 _d239295