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Publications
  • December 2007
  • Article
  • CFA Institute Conference Proceedings Quarterly

Applying Modern Risk Management to Equity and Credit Analysis

By: Robert C. Merton
  • Format:Print
  • | Pages:9
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Abstract

Traditional conventions of accounting and actuarial science distort the valuation of capital risk in corporations with pension plans because under these conventions, pension assets and liabilities are not included in balance sheet calculations. The modern risk management tools of derivatives technologies can improve both corporate decision making and external analysis of corporations.

Keywords

Risk Management; Valuation; Financial Reporting; Decision Making; Credit; Financial Statements; Capital; Equity; Compensation and Benefits

Citation

Merton, Robert C. "Applying Modern Risk Management to Equity and Credit Analysis." CFA Institute Conference Proceedings Quarterly 24 (December 2007): 14–22.
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About The Author

Robert C. Merton

→More Publications

More from the Author

    • 2021
    • Faculty Research

    No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

    By: Robert C. Merton and Richard T. Thakor
    • 2015
    • Faculty Research

    Customers and Investors: A Framework for Understanding Financial Institutions

    By: Robert C. Merton and Robert T. Thakor
    • July–August 2014
    • Harvard Business Review

    The Crisis in Retirement Planning

    By: Robert C. Merton
More from the Author
  • No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions By: Robert C. Merton and Richard T. Thakor
  • Customers and Investors: A Framework for Understanding Financial Institutions By: Robert C. Merton and Robert T. Thakor
  • The Crisis in Retirement Planning By: Robert C. Merton
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