Titlebook: Risk Management; The Bottleneck is at Dimitris N. Chorafas Book 2004 Palgrave Macmillan, a division of Macmillan Publishers Limited 2004 ac

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Book 2004ement and over-centralisation, the benefits of innovative strategies and senior management‘s accountability for reliable financial reporting. The text is based on an extensive research project done by the author between 2000 and 2002 in the US, the UK, France, Italy and Switzerland.

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Book 2004s a synergy between shareholder value and business ethics. He also underlines the importance of honesty, the risks associated with short-sighted management and over-centralisation, the benefits of innovative strategies and senior management‘s accountability for reliable financial reporting. The text

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The Misleading of Investors“We are never deceived,” Johann Wolfgang Goethe said. “We deceive ourselves.” Goethe’s dictum precisely encapsulates the plight of investors as they confront the volatility of their wealth, failing to appreciate that the markets are neither rational nor efficient, even if many experts think that they are that way.

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