Federal and state governments are searching for programs and/or policies to deal with the risks linked with uncertainty in water supplies and demands. Within the United States, competition among agricultural, urban, and environmental concerns for water is increasing. Drought conditions and water...

The global economy has continued to perform reasonably well, lifting retail sales and profitability. However, heightened concern about the growing risks facing retailers is changing the management agenda from one of managing for profitable growth to one of managing and mitigating risk. There is...

We study three cases in which specialized arbitrageurs lost significant amounts of capital and, as a result, became liquidity demanders rather than providers. The effects on security markets were large and persistent: Prices dropped relative to fundamentals and the rebound took months. While...

The need of control and optimise the supply chain is now crucial for the firm operating in the actual economic environment. Some aspects such as globalisation, heavy dependence on transportation, communication infrastructures and lean manufacturing have led an increase in the vulnerability of...

This paper compares a select number of Value-at-Risk (VaR) models using daily data from the London stock exchange for estimating the model-based VaR. The period covers volatile market conditions triggered by a host of events that induced market uncertainty. Our results provide an indication of...

Value-at-Risk (VaR) is a popular risk-metric for reporting financial exposure, for evaluating fund/manager performance and for regulatory disclosures. Yet, VaR is not a coherent risk measure because it is not sub-additive. This paper applies the methodology of risk budgeting to determine if VaR...

Risk events can cause significant damage to a firm's reputation and legitimacy. From the perspective of legitimacy theory, there are four broad strategies to restore reputation and repair legitimacy in response to a risk event. The annual report is a potential vehicle for communicating these...

This paper reviews a number of recent surveys relevant to risk management by UK insurers. These include the results of four surveys specifically on UK insurers. Our findings suggest that the risk management practices of UK insurers are variable, generally behind best practices in adjacent...

The relationship between urban spaces, associated risk, and the notion of proximity has until now been subject to very little critical examination. It is, however, crucial to conduct a discussion on the subject, especially in view of the latest disasters that have made the headlines (notably in...

Canadian researchers and policy makers dealing with climate change adaptation in the agriculture field frequently point to an apparent lack of interest from producers when the topic is raised. This attitude may be the result of several conditions, including the fact that adaptation, as a term,...