Ch 1 · Financial Policy & Corporate Strategy / Risk Management

📘 Core concepts

1. 1Financial policy aligned with corporate strategy (growth, profitability, market position).
2. 2Risk types: business, financial, operational, market, credit, liquidity, country.
3. 3Risk management process: identify → assess → mitigate → monitor.
4. 4Tools: hedging (forward, futures, options, swaps), insurance, diversification.
5. 5VaR (Value at Risk): max expected loss at given confidence level over time horizon.