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scale, both in terms of volume and visibility, requires a re-evaluation of standard risk management procedures. This report … provides managers with an invaluable risk-analysis grid specific to the food industry, which identifies the main risk factors … and undesirable outcomes associated with mega events. Once this is done, appropriate risk management strategies can be …
Persistent link: https://www.econbiz.de/10005079443
Notwithstanding the domain of activities where they are conducted, projects often entail risks, and risk management has … been widely recognized as a success factor in project management. While several lists of risk factors have been proposed in … several domains, there exists no generic tool for helping the assessment of the risk level of a given project. This paper …
Persistent link: https://www.econbiz.de/10005101050
probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation …
Persistent link: https://www.econbiz.de/10004988529
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …
Persistent link: https://www.econbiz.de/10011183755
During the last few years, the connection of complex networks has accelerated in a spectacular manner. Some of the advantages of this increasing use are well-known and are studied by theoretical works (network externalities). Nevertheless, this interconnection has created new types of risks...
Persistent link: https://www.econbiz.de/10005417587
The recent financial crisis has led to a critical evaluation of the role that fair value accounting may have played in undermining the stability of the financial system. Reacting to the pressures of banking regulators and governments, standard-setters have brought forward additional guidance on...
Persistent link: https://www.econbiz.de/10009283841
states of the world and time periods. We propose a characterization of the firm where variations in the market price of risk … costs. We propose a new role for financial risk management based on the idea that the use of financial derivatives may … controlling for the traditional variables explaining the need for financial risk management. Nous caractérisons une entreprise …
Persistent link: https://www.econbiz.de/10009643789
financial relationships is not only to provide funds but also to offer insurance to a risk adverse entrepreneur through …
Persistent link: https://www.econbiz.de/10005100650
implications on decisions based upon prediction of volatility, especially when dealing with tail prediction as in risk management …
Persistent link: https://www.econbiz.de/10005100719
Value-at-Risk (VaR) has emerged as the standard tool for measuring and reporting financial market risk. Currently, more … than eighty commercial vendors offer enterprise or trading risk management systems which report VaR-like measures. Risk … managers are therefore often left with the daunting task of having to choose from this plethora of risk models. Accordingly …
Persistent link: https://www.econbiz.de/10005100810