The paper discusses a number of risk management issues of the Islamic financial industry. It outlines the risk management processes and techniques that enable financial institutions to control undesirable risks and to take benefit of the business opportunities created by the desirable ones.

We develop a dynamic model of investment, cash holdings, financing, and risk management policies in which firms face financing frictions and are subject to permanent and temporary cash flow shocks. In this model, target cash holdings depend on the long-term prospects of the firm, implying that...

Credit scoring is a methodology used in finance to quantify the credit risk of individuals/firms. This article proposes the application of this technique as a tool to measure the aggregated risk of banks and the banking system. An application in the Bolivian commercial banking system is...

The influence of external organizations and pressures on business risk management practices has hitherto been examined through the influence of state regulatory regimes on businesses. This article concentrates on key socio-legal concerns about the influence of the law in social and economic...

Using a unique proprietary dataset of primary insurers and reinsurers, we analyze the structure of the reinsurance market. The dataset, which spans six years, contains the quotes for different reinsurance layers, for different clients, for different treaties, and for different lines of business....

This paper explores the impacts of traditional agricultural insurance that offers protection against climatic shocks on small-scale tobacco farmers in Colombia. We analyze the impacts of access to the insurance on household financial outcomes after a period of severe climatic events that caused...

The climate of the Philippines is highly influenced by the El Nino Southern Oscillation (ENSO). El Nino is associated with an increased chance of drier conditions and La Nina is associated with an increased chance of wetter conditions. Changes in rainfall are associated with changes to tropical...

The papers in this special issue come from the project "Bridging the gap between seasonal climate forecasts (SCFs) and agricultural decisionmakers in the Philippines and Australia" funded by the Australian Centre for International Agricultural Research (ACIAR). In addition to national and...

La ricerca esamina l’incertezza e il rischio, quali condizioni fondamentali per l’Economia Aziendale e l’Economia più in generale, seguendo un approccio ontologico fondato sulla storia contemporanea. La differenza tra incertezza e rischio è tema centrale di discussione sia in dottrina,...

Risk and uncertainty are well"recognized features of modern, dynamically changing societies. They penetrate social development mechanisms and become an integral part of social reality. Risks are felt particularly acutely by the youth as an objective part of life. Fundamental theoretical research...