Contemporary Challenges in Risk Management

Introduction – Contemporary Challenges in Risk Management; Torben J. Andersen 1. Distinguishing Rationality and Bias in Prices – Implications from Judgments of Risk and Expected Return; Hersh Shefrin 2. Looking Under the Lamppost? A Research Agenda for Increasing Enterprise Risk Management's Usefulness to Practitioners; Philip Bromiley and Davaki Rau 3. The Risk-return Outcomes of Strategic Responsiveness; Torben J. Andersen and Richard A. Bettis 4. Exploring the Effect of Effective Risk Management Capabilities; Anders Ø. Hansen and Torben J. Andersen 5. The 'soft' Side of Strategic Risk Management – How Top Managers' Leadership Style Affects Volatility in Performance; Simon S. Torp and Stefan Linder 6. A Management Accounting Perspective on Risk Management; Ulrik Christiansen 7. Subjective Beliefs and Statistical Forecasts of Financial Risks – The Chief Risk Officer Project; Glenn W. Harrison and Richard D. Phillips 8. Defaults and Returns in the High-yield Bond and Distressed Debt Markets – Review and Outlook; Edward I. Altman and Brenda J. Kuehne