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References (2)
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J. Jackwerth, M. Rubinstein. (1996)
Recovering Probability Distributions from Option PricesJournal of Finance, 51
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I. Meric, G. Meric (1998)
Correlation Between the World's Stock Markets Before and After the 1987 Crash, 7
- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 1526-5943
- DOI
- 10.1108/eb022987
- Publisher site
- See Article on Publisher Site
Abstract
Enterprise risk management has been defined as the strategy that aligns the firm's business with the risk factors of its environment in the pursuit of strategic objectives. Mathematical models will always be part of enterprise risk management. By means of a case study, we discuss why it is necessary to align a model with the organization in order to achieve the desired results. The structure of a model's input must fit with the structure of data collection in the firm, and the output must be consistent with the decision structure. Otherwise, data collection will not be properly taken care of and the results of a model will not find their way to where decisions are made.
Journal
The Journal of Risk Finance – Emerald Publishing
Published: Feb 1, 2004