Showing 1 - 10 of 113
financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …
Persistent link: https://www.econbiz.de/10010746470
In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on …. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …
Persistent link: https://www.econbiz.de/10010746546
This paper considers the impact of financial contracting on growth by exploring a model where entrepreneurs initially do R&D but subsequently need both outside investors to provide funds for capital investments and outside mangers to operate the firm efficiently some time after assets are in...
Persistent link: https://www.econbiz.de/10010744895
We study how securities and trading mechanisms can be designed to optimally mitigate the adverse impact of market imperfections on liquidity. Asset owners seek to obtain liquidity by selling their claims on future cash-flows, on which they have private information. Our analysis encompasses both...
Persistent link: https://www.econbiz.de/10010746262
The influence of external organizations and pressures on business risk management practices has hitherto been examined … the influence of the law in social and economic life. We know that the sources of regulation and risk management are … regulatory actors have of the different external pressures on business risk management through an empirical study of the …
Persistent link: https://www.econbiz.de/10011183326
‘Safe harbour’ is shorthand for a bundle of privileges in insolvency which are typically afforded to financial institutions. They are remotely comparable to security interests as they provide a financial institution with a considerably better position as compared to other creditors should...
Persistent link: https://www.econbiz.de/10011264787
socio-economic factors likely to enhance or reduce zoonotic risk, and identifies why improved understanding requires an … recommend that interdisciplinary work on zoonotic risk should be able to account for the complexity of risk environments, rather … than simple linear causal relations between risk drivers and disease emergence and/or spread. Further, we recommend that …
Persistent link: https://www.econbiz.de/10011126682
Complex regulatory decisions about risk rely on the brokering of evidence between providers and recipients, and involve … risk science, decision psychology and computer simulation. A two-agent model that accounts for the sufficiency of evidence …
Persistent link: https://www.econbiz.de/10011126122
Risk-based regulation is becoming a familiar regulatory strategy in a wide range of areas and countries. Regulatory … attention tends to focus, at least initially, on high risks but low-risk regulatees or activities tend to form the bulk of the … survey-based research is used to develop a taxonomy of intervention strategies that may be useful in relation to low-risk …
Persistent link: https://www.econbiz.de/10011126704
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...
Persistent link: https://www.econbiz.de/10010884490