Aim: The article is intended to contribute to a discussion on risks related to the CoViD-19 pandemic, which was started in the last issues of this journal. Findings: The article discusses the thesis that conventional risk management is reaching its limits in its application in companies,...

Der Ausbruch der Coronapandemie 2020 hat die Abhängigkeit der deutschen Wirtschaft von globalen Lieferketten offengelegt. Verzögerungen bei der Zulieferung oder der Ausfall von Vorprodukten infolge eingeschränkter Logistikkapazitäten, geschlossener Grenzen oder einer gestörten Produktion...

Supply Chain Management (SCM) and Risk Management (RM) are two current business management approaches that are based on relatively long historical developments. RM has been steadily developing since the middle of the 20th century while SCM, which started in the early 1990s, is a more recent...

This volume contains research contributions by an international group of authors addressing innovative and technology-based approaches for logistics and supply chains. They present business models and investment options for enhanced strategic decision making as well as recent approaches for...

The paper shows the ways of disclosing financial risks by IFRS 7 and certain types of sensitivity analysis. The different possibilities of preparing a sensitivity analysis, such as value at risk are illustrated and their suitability for reporting are faced critically. Following, the manner of...

In light of the recent financial crises in the emerging markets, the coming-into-force of the financial services agreement under the GATS has been considered a success. While the agreement provides for little new liberalization but rather formalizes the status quo, it was feared that governments...

This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging decisions. Using a model of a risk-averse competitive firm under price uncertainty, it derives several fundamental results. If expected profits from forward contracts are zero, the...

Central counterparties (CCPs) have increasingly become a cornerstone of financial markets infrastructure. We present a model where trades are time-critical, liquidity is limited and there is limited enforcement of trades. We show a CCP novating trades implements efficient trading behaviour. It...