Enterprise Risk Management in Finance is a guide to measuring and managing Enterprise-wide risks in financial institutions. Financial institutions operate in a unique manner when compared to other businesses. They are, by the nature of their business, highly exposed to risk at every level, and indeed employ their own risk management functions to manage many of these risks. However, financial firms are also highly exposed at enterprise level. Traditional approaches and frameworks for ERM are flawed when applied to banks, asset managers or insurance houses, and a different approach is needed. This new book provides a comprehensive, technical guide to ERM for financial institutions. Split into three parts, it first sets the scene, putting ERM in the context of finance houses. It will examine the financial risks already inherent in banking, and then insurance operations, and how these need to be accounted for at a floor and enterprise level. The book then provides the necessary tools to implement ERM in these environments, including performance analysis, credit analysis and forecasting applications. Finally, the book provides real life cases of successful and not so successful ERM in financial institutions. Technical and rigorous, this book will be a welcome addition to the literature in this area, and will appeal to risk managers, actuaries, regulators and senior managers in banks and financial institutions.

Small business research is becoming more sophisticated as an increasing number of scholars study more complex analytical issues. In many cases research pertaining to the small firm is part of the incomplete and inefficient markets controversy in the finance literature. Because of their size and traditional organizational form, small firms often find it extremely difficult to attract significant resources in sophisticated financial markets. These markets appear to be segmented and incomplete; whether or not the markets are efficient is subject to much debate. Adyances in Small Business Finance presents a variety of research studies that indicate the unique roles of debt and equity and the sources of funds for small firms. This book contributes important insight into major questions that face small finns' financiers, managers, and owners on a daily basis. Many of the studies in this volume deal with aspects of valuation of the small firm. In some instances, the focus is on the firm's ability to attract debt or equity and in others the emphasis is on valuation of the small firm's capital. Constand, Osteryoung, and Nast focus on the determinants of capital structure for small firms that are privately owned and are highly dependent on commercial loans as their supply of debt. Timothy Bates examines firm viability and finds that surviving firms are those that began with greater initial capital, create new jobs, and are led by entrepreneurs who are better educated.

Vor dem Hintergrund zunehmender Finanzierungsengpässe ist für junge technologieorientierte Wachstumsunternehmen die Integration einer markt- und wertorientierten Unternehmensführung von großer Bedeutung, um ihre Etablierung und langfristige Überlebensfähigkeit sicherzustellen. Carsten Heckemüller untersucht und strukturiert die Konzeption des Corporate Finance Management, um Impulse für das stärkere Zusammenführen von Unternehmensstrategie und Corporate Finance aufzuzeigen. Er greift Forschungslücken der Betriebswirtschaftslehre im Bereich eines ganzheitlich-normativen Managements, des Innovationsmanagements und des Entrepreneurship auf und diskutiert Gestaltungsansätze zu ihrer Schließung. Handlungsempfehlungen zur markt- und wertorientierten Etablierung von Biotechnologie-Unternehmen sowie ein Ausblick zur Forschung an der Corporate Finance Management-Konzeption runden die Arbeit ab.

This textbook familiarises students with the theory and practice of small business management and challenges assumptions that may be held about the way small business management can or should adopt the management practices of larger firms. For students interested in establishing and managing their own small firm, this book helps them to focus their thinking on the realities of life as a small business owner-manager – both its challenges and its rewards. For postgraduate students that are keen to ‘make a difference’, this text enables them to understand how they might consult to small firms and assist owner-managers to establish and grow their ventures. In addition to students, this book is also useful to small business owner-managers as a general guide on how they might better manage their operations. Managers in large corporations and financial institutions who deal with small businesses as clients or suppliers, and professionals such as accountants, lawyers and consultants who provide advice and other services to small businesses will also find the book of interest.

In kürzester Zeit hat sich das E-Business zu einem festen Marktbestandteil entwickelt. Es verändert die Unternehmenslandschaft im ganzen und hat zugleich Auswirkungen auf die verschiedenen betrieblichen Bereiche in Unternehmen. Führende Fachvertreter aus Europa und den USA liefern in diesem Buch Ansätze, die für das Management des E-Business herangezogen werden können. Analysiert werden u. a. die strategische Ausrichtung der New Economy, die Markenführung im Internet, die Veränderung klassischer Vertriebsstrukturen durch das Internet, Nutzen und Schwächen der E-Education, Auswirkungen des Online-Banking und Möglichkeiten des E-Consulting.