企业风险管理外文文献翻译2014年译文5000字.docx
- 文档编号:1995834
- 上传时间:2023-05-02
- 格式:DOCX
- 页数:18
- 大小:27.45KB
企业风险管理外文文献翻译2014年译文5000字.docx
《企业风险管理外文文献翻译2014年译文5000字.docx》由会员分享,可在线阅读,更多相关《企业风险管理外文文献翻译2014年译文5000字.docx(18页珍藏版)》请在冰点文库上搜索。
文献出处:
BedardJC,HoitashR,etal.Thedevelopmentoftheenterpriseriskmanagementtheory[J].ContemporaryAccountingResearch,2014,30(4):
64-95.
(声明:
本译文归百度文库所有,完整译文请到百度文库。
)
原文
ThedevelopmentoftheenterpriseriskmanagementtheoryBedardJC,HoitashR
Abstract
Enterpriseriskmanagementasanimportantfieldofriskmanagementdisciplines,inmorethan50yearsofdevelopmentprocessoftheimplementationofdispersingfrommultipleareasofresearchtotheintegrationofcomprehensiveriskmanagementframeworkevolution,thetheoryofriskmanagementandinternalauditandcontroltheoryaretwomajortheoreticalsourcesofriskmanagementtheoryhasexperiencedfromthetraditionalriskmanagement,financialvolatilitytothedevelopmentoftheenterpriseriskmanagement,riskmanagementandinternalauditandcontroltheorywentthroughtheinternalaccountingcontrolandinternalcontrolintegratedframeworktotheevolutionofenterpriseriskmanagement,thedevelopmentofthetheoryoftheabovetwopointstothedirectionoftheenterpriseriskmanagement,finallyrealizestheintegrationdevelopment,enterpriseriskmanagementtheorytobecomeanimportantpartofenterprisemanagementisindispensable.
Keywords:
enterpriseriskmanagement,internalaudittheinternalcontrol
1Thefirsttheorysource,evolutionofthetheoryofriskmanagement
"Riskmanagement"asakindofoperationandmanagementidea,hasalonghistory:
thousandsofyearsagointhewesthave"don'tputalleggsinonebasket"theproverb,theancientChinesefamous"productvalleyhunger"allusionsand"yicang("
18
system,"boatwas"organizationhaveaprototypeofthemodernriskmanagementthought,andpointsunderescortshiptransportation,yuen,iseffectivewaytospreadrisk,transferrisk.Inthemodernsenseofriskmanagementthoughtappearedinthefirsthalfofthe20thcentury,suchasfayol'ssafeproductionideas,Marshall's"risksharingmanagement"pointofview,etc.;Butriskmanagementasadisciplinesystemdevelopmentisstartedinthemiddleofthe20thcentury:
in1950,gallagherintheriskmanagement:
anewstageofcostcontrolinthepaper,putsforwardtheconceptofriskmanagement;Johnso(1952)mentionedtheproblemshowtodealwithrisksanduncertaintiesinfarmmanagement,whichinvolvesearlyenterprise(farms)ofriskmanagementproblem.TheemergenceofriskmanagementasadisciplinerealMehrandHedgesoftheenterpriseriskmanagement(1963)andC.A.WilliamsandRichard
m.Heins"riskmanagementandinsurance"(1964)publishedmarked.WilliamsandHeinsthinks,"riskmanagementisbasedontheriskidentification,measurementandcontroltothesmallestcostriskcausedbythelosstothelowestlevelofmanagementmethods",riskmanagementisnotjustatechnology,amethod,akindofmanagementprocess,andisanewandscientificmanagement.Thedevelopmentofthetheoryofriskmanagement.
1.1Thefirststage:
the70sand1950s
Theoreticaltendencymainlyisthepureriskpreventionandmanagementofenterprise(adverserisk);Takethemainstrategyofenterpriseriskmanagementisriskavoidanceandrisktransfer,insurancebecomesthemainriskmanagementtools.FireeventsofgeneralmotorsandtheUnitedStatessteelindustrytheworkerswentonstriketoenterprise'snormaloperationcausedseriousimpactandlosses,becomeanimportantopportunitytopromotethedevelopmentofenterpriseriskmanagementtheory.Thisphasethefirstimportantareaofriskmanagementtheory,istheriskmanagementobjectdefinitionandresearch.Sincethe20thcentury,scholarshavebeentheobjectofriskmanagementdividedintotwomajorcategoriesofpureriskandspeculativerisk,andthepurerisksas theobjectofriskmanagementandthetarget(Denenberg,1966;Gahin,1967).Infact,theriskcanbedividedintopureriskand
speculativeriskisakindofmethodbasedontheresponsibility,istargetedatloss,isnotaimedatrisk,soitcanbedividedintopureriskandspeculativerisk,butnotasgoodasitcanbedividedintopurelossandspeculativeloss,becauseitcanreflectthetruerespectoftheriskmanagermorelossproblem.
Isthesecondimportantareas,totheenterprisedecision-makingandofbehavior,andinsuranceinresponsetotheimportantroleofenterpriseriskanduniversalityofthestudy.Greene(1955)orientationisinsurancebuyersofriskmanagement.Apaperpublishedin1955,themanagementreview"totheriskofakindofmanagementmethod",thinkofinsuranceasthemostimportantmeansofenterpriseriskmanagementshouldbeattentionbytheenterprisemanagementandtheshareholders,thinkinsuranceisabusinessspendingthemostvaluablepartofallkindsofcosts.Denenbergetc.(1966)alsoemphasizestheinsuranceatthisstagetheimportantroleofriskmanagement,pointsouttheimportantresponsibilityoftheriskmanageristodeterminetheappropriateinsurancepolicyfortheenterpriseandinsuranceproducts,thatwillbetheriskmanager'snamechangedto"insuranceandriskmanagers".Snider(1956),McCahill,Jr.(1971)stressedthatriskmanagementintheenterpriseorganizationstructurenotonlyhasacertainstatus,reporttotopmanagementwork,andwanttomaintaingoodcommunicationandcoordinationwiththefinancedepartment.
Athirdimportantareais,theriskmanagementtheoryintotheanalysisframeworkofmainstreameconomicsandmanagement.Ontheonehand,bythewindmanagementtheorycombinedwiththetraditionalenterprisetheory,theriskmanagementofthedecision-makingprocessandtheintegrationofenterprise'soveralldecision.Usingthecapitalassetpricingmodel,thedecisionruleofenterpriseintheoptimalretentionratio,cumulativefranchisepolicyselectionandchoiceofreserves,etc.,makestheriskmanagementtheoryintothefinancialmarket;Andtheuseofmarginalanalysistooltodeterminetheoptimalstrategyofriskmanagement,thenfurtherformingmarksinriskmanagementtheory,andbecomeanimportantareaoffinance(Cummins,1976).,ontheotherhand,Williamg.Scottcomplextypecombinedwithriskmanagementorganizationsystem,throughtotheenterprisebasic
systemandbranchofficesneat,willbetheoverallgoalandtheriskoftheenterprisemanagerdailytargetorganicunification,thentotheappraisalofthebranchtocontributiontotheenterpriseoverallriskidentificationandmeasurement,andconsidertherelationshipbetweenthemandtherelationshipbetweenthedynamiccharacteristics,soastoprovidetheoreticalsourcesforthedevelopmentofriskmanagement(Close,1974).
1.2Thesecondstage,thelate1970stotheendofthe20thcentury
Riskmanagementobjectismainlythebusinessandfinancialresultsofvolatility,riskmanagementtoolsonthebasisofinsurancealsoachievedgreatdevelopment,newderivativesandalternativerisktransfer(ART)playanimportantrole.Inthe1970s,thecollapseofthebrettonwoodssystemofexchangeratevolatilitysignificantlyincreased,oilpricerisingsharply,theproductioncostofenterpriseisdifficulttocontrol;Afterenteringthe80s,highinflationandinterestratevolatilityandnumberofmoneyandcreditcrisismakestheenterprisethemanagementfacegreateruncertainty.Toolofalargenumberofapplicationsinconveniententerpriseriskmanagementatthesametime,alsobecauseofitscharacteristicsofleveragedtoamplifythedamageduetoimproperusestrategyofsotheuseofderivativesandthemanagement strategy becomes very important.Therefore, the enterprise riskmanagementandderivativestrading,hedgestrategyshouldpaycloseattentiontothecompetitor(Frootetc.,1994).And(2001)studyfoundthatsuchasCummins,althoughthemeasurementoftheriskandtheliquidityaswellasthedecision-makinghasapositiveconnectionoftheunderwriter,butforthosewhousederivativestohedgerisk,theriskindexwashasnegativerelationshipwiththewidthanddepthofthehedge.
1.3Thethirdstage,sincethe21stcentury
Afterenteringthe21stcentury,withthespeedingupoftheglobaleconomicintegration,companies,increasingtheriskfortheinfluenceofvariousrisksandpotentialconsequenceswillmagnify,togetherwiththecomplexityofthefinancialderivativestradingandfrequencyareincreasedrapidly,tothecontinuousoperationof
theenterpriseputforwardtheseriouschallenge,theenterprisemustbreakthroughthetraditionalpatternofriskmanagement,fromamorecomprehensive,integratedviewofriskanalysisandmanagement,asaresult,thecomprehensiveriskmanagementstageofthedevelopmentofriskmanagement.Theemergenceofcomprehensiveriskmanagementandapplicationofriskmanagementfortheenterpriseprovidesnewmethodsandtools,itsapplicationfieldisverybroad,fromenterprises,non-profitorganizationstothegovernmentaregraduallyintroducedtheanalysisframework.
2Secondtheorysource
Internalauditandthedevelopmentofcontroltheoryintheprocessoftheevolutionofenterpriseriskmanagementtheory,theoryofthesecondsourceistheevolutionanddevelopmentofinternalauditandcontroltheory.Fromtheliteratureininternalauditandcontroloftheinternalaccountingcontrol,internalcontrolintegratedframework,enterpriseriskmanagementprocessoftheoverallframework,includingtheCOSOhasplayedaleadingrole,inparticular,itissuedtwosymbolicfile"enterpriseinternalcontrol,theoverallframework"and"enterpriseriskmanagement-integratedframework".Theseparationofcorporateownershipandcontrolistheultimatecauseofinternalauditandtheemergenceofacontroltheory,andtheexpansionofenterprisescaleandthestructureofthebranchinshortagep
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 企业 风险 管理 外文 文献 翻译 2014 译文 5000