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Financial Failures and Risk Management

Author

Listed:
  • Yener, Coskun
Abstract
Financial failures observed during global financial crisis have again underlined the importance of effective risk management. In this article, the author analyzes the best instrument, namely self discipline, official discipline and market discipline, for the effective risk management. In the light of literature review and lessons of firm/system wide financial failures, we also analyze degree of efficieny of disciplinary methods. We first conclude, however it may not provide optimal solutions to the risk management problems of financial intermediaries, better risk management standards should be developed. We also conclude that firm wide risk management processes may be managed by pragmatic regulatory policies without get into negative impacts of market mechanism and big financial firms’ pressures.

Suggested Citation

  • Yener, Coskun, 2012. "Financial Failures and Risk Management," MPRA Paper 40594, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:40594
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    File URL: https://mpra.ub.uni-muenchen.de/40594/1/MPRA_paper_40594.pdf
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    Citations

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    Cited by:

    1. Fadun, Olajide Solomon, 2017. "Corporate governance, a risk management tool for enhancing organizational performance: Study of Nigeria Stock Exchange(NSE)listed companies," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 6(4), pages 12-27, April.

    More about this item

    Keywords

    Financial failure; risk management; regulation; self regulation;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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