Risk management in the shadow of Enron

被引:0
|
作者
Ayres, Frances L. [1 ]
Logue, Dennis E. [1 ]
机构
[1] Michael F. Price College of Business, The University of Oklahoma, Norman, OK, United States
来源
IEEE Engineering Management Review | 2003年 / 31卷 / 01期
关键词
Economics; -; Finance; Insurance; Managers; Planning;
D O I
10.1109/emr.2003.1201441
中图分类号
学科分类号
摘要
Accounting decisions cannot drive business decisions. Firms must be managed to create economic wealth, and managers must recognize that when accounting drives business decisions, there is a good chance that sound planning is not behind the decision. They must be aware of and manage risks in a way that will assure that risks taken are planned consistent with the firm's long-term strategies. Using the economic resources and obligations perspective described, managers can thoroughly, yet efficiently, assess overall risk.
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页码:46 / 50
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