The Professional Risk Managers' Guide to Finance Theory Application

Manage Financial and Investment Risk on a Global Scale with the Very Best in the Field
Announcing the Partnership of McGraw-Hill and The Professional Risk Manager's International Association
Made up of the world's leading risk management scholars and practitioners, The Professional Risk Manager's International Association (PRMIA) is the higher standard for risk professionals in the development of new techniques and best practices for effectively managing financial and investment risk.
McGraw-Hill and PRMIA have joined together to bring you the most up-to-date, global reference materials on risk management available anywhere. Each title applies risk management to specific fields in the industry, allowing you to stay on the cutting edge of your profession, and maximize opportunities as they come.
A comprehensive analysis of finance theory from a global group of scholars and financial experts
The Professional Risk Managers' Guide to Finance Theory and Applicationis a complete reference for managing risk in all areas of finance, from insurance and banking to asset management and institutional investing. Ten experts from around the world discuss every aspect of finance theory and how it is intertwined with the process of risk management.
Beginning with an overview of risk and risk aversion, the reference then delivers a comprehensive introduction to portfolio mathematics that includes discussion of the efficient frontier, portfolio theory, and the concept of portfolio diversification. The most powerful part of the book concerns material on capital structure-an important concept for risk managers since capital is the last line of defense against extreme-and valuation techniques specifically for derivatives.