Shareholder Value

Enterprise Risk Management: Theory and Practice ArXiv ID: ssrn-921402 “View on arXiv” Authors: Unknown Abstract In this paper, we explain how enterprise risk management creates value for shareholders. In contrast to the existing finance literature, we emphasize the organi Keywords: Enterprise Risk Management (ERM), Shareholder Value, Risk Management Framework, Organizational Design, Strategic Risk, Corporate Finance Complexity vs Empirical Score Math Complexity: 1.0/10 Empirical Rigor: 2.0/10 Quadrant: Philosophers Why: The paper is conceptual and qualitative, focusing on organizational theory and implementation guidelines without heavy mathematical derivations or formal models. It lacks backtests, datasets, or empirical performance metrics, positioning it as a theoretical framework rather than an empirical or quantitative study. flowchart TD A["Research Question: How does ERM create shareholder value?"] --> B{"Methodology"} B --> C["Theoretical Framework Analysis"] B --> D["Organizational Design Review"] B --> E["Strategic Risk Assessment"] C & D & E --> F{"Computational Process: Value Creation Model"} F --> G["Outcomes"] G --> H["ERM Framework Enhances Shareholder Value"] G --> I["Organizational Design Key to ERM Success"] G --> J["Strategic Risk Integration Drives Competitive Advantage"]

Does M&A Pay? (Chapter 3) ArXiv ID: ssrn-306750 “View on arXiv” Authors: Unknown Abstract Following the largest M&A wave in history, it is appropriate to assess the evidence on the profitability of this activity. One popular view is that merger activ Keywords: Mergers & Acquisitions (M&A), Corporate Finance, Event Study, Shareholder Value, Equities Complexity vs Empirical Score Math Complexity: 2.0/10 Empirical Rigor: 3.0/10 Quadrant: Philosophers Why: The paper is a literature review synthesizing findings from existing studies, focusing on conceptual frameworks and economic reasoning rather than novel mathematical derivations or proprietary backtesting. The empirical work referenced is from prior studies, not original data analysis, placing it in the theoretical/conceptual realm. flowchart TD Q["Research Question Does M&A Create Shareholder Value?"] D["Data Input Event Study Database US Mergers 1980-2000"] M["Methodology Event Study Analysis Calculate Abnormal Returns"] C["Computation CAR = Cumulative Abnormal Returns vs. Market Benchmark"] F1["Findings Target Shareholders Gain ~+20% Abnormal Returns"] F2["Findings Acquirer Shareholders Lose ~-2% Abnormal Returns"] F3["Findings Combined Gains Positive ~+2% Overall Wealth Creation"] Q --> D D --> M M --> C C --> F1 C --> F2 C --> F3