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) in supporting risk management disclosure and shaping the financial performance of European companies operating in the … structure (mainly a two-tier type, one management board, and a distinctive supervisory board) as fundamentals of risk management …
Persistent link: https://www.econbiz.de/10012484146
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a theoretical device called von Neumann-Morgenstern utility function, where concepts of function and random variable are employed in their...
Persistent link: https://www.econbiz.de/10012520657
Risk is inevitable in business. For large companies, risk management is formalised and structured through compliance … own standards or conform to pre-established criteria. This results in an increased vulnerability to risk, which tends to … undermine SMEs’ sustainability. The primary reasons for the low adoption rate of risk management are related to the tremendous …
Persistent link: https://www.econbiz.de/10012622813
Hydro One Inc. is widely regarded as having had one of the most successful implementations of enterprise risk …
Persistent link: https://www.econbiz.de/10012626768
The purpose of this article is to show the effect of Risk Perception RP and Risk Definition RD on the Risk … June 2020, a period during the early stages of the COVID-19 pandemic. The study identified six dimensions of risk … perception and thus tested six structural models. Risk perception (ξ RP) is defined as an external latent variable in the study …
Persistent link: https://www.econbiz.de/10012605833
with risk measured by CVaR and additional sophisticated constraints. The cash outflow shortages are penalized in the …
Persistent link: https://www.econbiz.de/10013206042
exponential pattern of the general hyperbolic absolute risk aversion (HARA) utility function that satisfies their respective … study is the construction and development of an optimal compensation agency model for risk management, which is derived by … considering the effect of risk aversion utility on revenue. The proposed model can provide a fair and feasible approach within the …
Persistent link: https://www.econbiz.de/10012485062
their default risk is high. In this paper we use a more advanced compound option pricing model for the computation of …Prior research uses the basic one-period European call-option pricing model to compute default measures for individual … firms and concludes that both the size and book-to-market effects are related to default risk. For example, small firms earn …
Persistent link: https://www.econbiz.de/10012022028
meltdowns can represent existential exposure to an organization, and thus cannot be ignored. Despite advances in risk management …, a gap in addressing what cannot be envisioned ex ante has existed since Frank Knight’s designation of risk and …
Persistent link: https://www.econbiz.de/10013471419
at examining the risk perception, risk aversion and risk management strategies of maize producers in Awi zone, which is … found in the northwest part of Ethiopia. The study involved 343 respondents who produced maize under risk. Descriptive … regression model were used to process the data. The results showed that farmers have different perceptions of the endogenous risk …
Persistent link: https://www.econbiz.de/10014306089