This paper analyzes an individual lending credit market in a rural society, where potential borrowers have a dynamic incentive of strategic default, and a benevolent lender gives them a credible threat to cut future credit when loands are not repaid. A crucial issue is that social sanction of...

This paper first discusses the possibility of market‐transferable land use rights and mortgage loans in China, and then shows farmers’ welfare gain in the presence of such mortgage loans with a theoretical model. Cases of risks and asymmetric information are studied, and policy implications...

The paper structures the life cycle of issues, thus allowing a systematic discussion of their practical aspects. It is designed to help public relations professionals handle issues by providing them with parameters that can be influenced systematically. The authors differentiate between four...

This paper analyses the inherent risks associated with corporate real estate (CRE). First, the author looks at corporate risk in general and at the context in which CRE decisions are made. Next, the types of risk generally inherent in CRE usage are examined, beginning with development risks and...

SARS was Singapore's worst experience of an infectious outbreak in its brief history as an independent nation. The key instruments in managing public fear and panic were transparency and trust. The highest levels of government were mobilised and every conceivable channel and medium utilised to...

Purpose – Business leaders can apply key messages as early as today to build stronger operations that are less susceptible to risks of all types. Findings can be applied at all levels in any organization, from the entire enterprise down to discreet projects. The article emphasizes that today's...

Purpose – The purpose of this article is to propose a process which ensures boards make risk pay off by identifying and selecting opportunities which more than compensate for the risks assumed. Organizations are increasingly under threat from factors such as globalization, regulations, and...