| Autor: |
UNGUREANU, MIHAI ARISTOTEL, GRUIESCU, MIHAELA, IOANĂŞ, CORINA, MOREGA, DRAGOŞ DAN |
| Předmět: |
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| Zdroj: |
Annals of the University of Petrosani Economics; 2010, Vol. 10 Issue 2, p353-362, 10p, 1 Diagram, 1 Graph |
| Abstrakt: |
Value at risk (VaR) is a summary statistic that quantifies the exposure of an asset or portfolio to market risk. Value at risk is now viewed by many as indispensable ammunition in any serious corporate risk manager's arsenal. VaR is often used as an approximation of the maximum reasonable loss a company can expect to realize from all its financial exposures. The purpose of any risk measurement system and summary risk statistic is to facilitate risk reporting and control decision. VaR certainly is not the only way a firm can systematically measure its financial risk. But, its appeal is mainly its conceptual simplicity and its consistency across financial products and activities. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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