An analysis of the subprime crisis highlights that numerous factors and hazards were not exactly unforeseeable. So, why did financial institutions not act or react much earlier? Why have outdated valuation and portfolio optimization models not been abandoned? Have regulatory frameworks such as...

German industry is the leading global supplier of industrial products and of significant importance for the German economy. To maintain and grow its competitive edge, both German industry and the German government actively drive innovation in products and production processes. One such...

Purpose – This paper aims to present the combination of enterprise risk management (ERM) and value-based management as especially suitable methods for companies with a shareholder value imperative. Among its major benefits, these methods make the contribution of risk management for business...

Taking the right approach to managing opportunities and threats (risks) is key to company success in an unpredictable future. Unfortunately in many companies, controlling and risk management do not do enough to help the board and management weigh up the expected returns and risks when it comes...

The COVID-19 pandemic is permanently changing modern social and economic coexistence. Most governments have declared infection control to be their top priority while citizens face great restrictions on their civil rights. A pandemic is an exemplary scenario in which political actors must decide...