Search results for "RISK MANAGEMENT"
showing 10 items of 294 documents
Modélisation du comportement des agriculteurs face au risque dans un modèle de programmation mathématique positive (PMP) à grande échelle
2017
Agricultural production is characterized for being a risky business due to weather variability, market instability, plant diseases as well as climate change and political economy uncertainty. The modelling of risk at farm level is not new, however, the inclusion of risk in Positive Mathematical Programming (PMP) models is particularly challenging. Most of the few existing PMP-risk approaches have been conducted at farm-type level and for a very limited and specific sample of farms. This implies that the modelling of risk and uncertainty at individual farm level and in a large scale system is still a challenging task. The aim of this paper is to formulate, estimate and test a robust methodol…
La disciplina della responsabilità amministrativa delle società e degli enti
2010
Il capitolo tratta della disciplina della responsabilità amministrativa delle società e degli enti (D. Lgs. 231/2001), con specifico riguardo agli aspetti economico-aziendali. L’adozione e l’attuazione dei modelli organizzativi possono infatti rappresentare un interessante strumento a supporto della riduzione del rischio generale di impresa, e di controllo dei rischi particolari. Particolare attenzione viene inoltre posta sui più recenti contributi della dottrina giuridica ed economico-aziendale in argomento, e sulla disciplina dell’organismo di vigilanza. Si tratta della versione aggiornata dell'edizione 2010 del volume
HUMAN SAFETY PERFORMANCE IN HIGH RELIABILITY ORGANIZATIONS: THE CASE OF THE NUCLEAR INDUSTRY
2018
Over the last few decades, the study of safety in high reliability organizations has not paid enough attention to the human role and its contribution to a reliable operation. Therefore, the literature about human safety performance is scarce and disjointed. The present paper integrates the existing knowledge on workers’ safety performance in high risk industries, specifically in the nuclear industry. In order to do this, we provide a literature review in which the concept of “safety performance” is clarified, and at the same time, we present the most recent research studies and models on this concept.
A fuzzy ranking strategy for portfolio selection applied to the Spanish stock market
2007
In this paper we present a fuzzy ranking procedure for the portfolio selection problem. The uncertainty on the returns of each portfolio is approximated by means of a trapezoidal fuzzy number. The expected return and risk of the portfolio are then characteristics of that fuzzy number. A rank index that accounts for both expected return and risk is defined, allowing the decision-maker to compare different portfolios. The paper ends with an application of that fuzzy ranking strategy to the Spanish stock market.
Exposure-Based Cash-Flow-At-Risk for Value-Creating Risk Management Under Macroeconomic Uncertainty
2010
A strategically minded CFO will realize that strategic corporate risk management is about finding the right balance between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment of risk and risk exposures on the one hand and performance on the other. Properly designed, a risk measure should provide information on to what extend the firm's performance is at risk, what is causing that risk, the relative importance of non-value-adding and value-adding risk, and the possibilities to use risk management to reduce total risk. In this chapter, we present an approach – exposure-based cash-flow-at-risk – to calculating a firm's downsid…
The value of integrative risk management for insurance products with guarantees
2001
Insurance liabilities are converging with capital markets products (e.g. derivatives and securitizations), thereby increasing the demand for integrated asset and liability management strategies. This article compares the value-added by an integrative approach-based on scenario optimization modelling-relative to traditional risk management methods. The authors present some examples of products offered by the insurance industry in Italy, and apply the results of the analysis to the design of competitive insurance policies. © Emerald Backfiles 2007.
Does bonus deferral reduce risk-taking?
2015
AbstractThe common thinking that deferring bonus payments makes an agent more risk averse isfalse. We characterize continuous-time risk taking and show that the introduction of deferralincreases risk taking at any time when the realized asset value is large or small. For realizedasset values in-between we characterize the parameterizations of deferral for which risk tak-ing decreases and discuss trade-offs in setting the deferral parameters.Keywordsbonus, risk taking, risk aversion, deferral ratioJEL Classi cationG28, G38 ∗ This paper circulated previously under the title \Bonus Deferral Does Not Choke Excessive Risk Taking."We are grateful for comments and suggestions from seminar participa…
Linear and nonlinear interest rate exposure in Spain
2010
PurposeThis paper aims to carry out a comprehensive analysis of the influence of interest rate risk on Spanish firms at the industry level.Design/methodology/approachThe methodology employed has its origin in the two‐index linear regression model proposed by Stone. This traditional interest rate exposure model has been extended in this paper to allow for a nonlinear exposure component as well as the presence of asymmetric behaviour in the exposure pattern.FindingsInterest rate exposure is not homogeneous for all the Spanish industries. In line with other markets, highly leveraged industries (construction and real estate), regulated industries (electrical and utilities), and banking industry…
Police involvement in cases of intimate partner violence against women: the influence of perceived severity and personal responsibility.
2008
The influence of perceived severity and sense of personal responsibility of police officers on their level of involvement in cases of intimate partner violence against women is analyzed. Three levels of police involvement are considered: low, medium, and high. The sample consists of 143 Spanish police officers. A 2 × 2 × 3 factorial design is conducted to test hypotheses. Effects of perceived severity and personal responsibility are found only at the highest level of police involvement. For low and medium levels of involvement, no differences in perceived severity and personal responsibility of police officers are found.
Comparison of three methods for evaluation of work postures in a truck assembly plant
2017
International audience; This study compared the results of three risk assessment tools (self-reported questionnaire, observational tool, direct measurement method) for the upper limbs and back in a truck assembly plant at two cycle times (11 and 8 min). The weighted Kappa factor showed fair agreement between the observational and direct measurement method for the arm (0.39) and back (0.47). The weighted Kappa factor for these methods was poor for the neck (0) and wrist (0) but the observed proportional agreement (P-o) was 0.78 for the neck and 0.83 for the wrist. The weighted Kappa factor between questionnaire and direct measurement showed poor or slight agreement (0) for different body seg…