Search results for "Risk Management"

Information Systems Architecture and Technology: Proceedings of 39th International Conference on Information Systems Architecture and Technology – IS…

2019

Unveiling Barriers and Enablers of Risk Management in Interoperability Efforts

2014

eGovernment efforts are, as general IS efforts, associated with considerable risk. As eGovernment matures and interoperability becomes more ingrained in eGovernment efforts, it will be interesting to explore how the increased complexity affects risk. Still, research on risk management in the context of eGovernment is sparse and our understanding of the phenomenon equally so. This qualitative study investigates risk management in the Norwegian public sector. Based on 11 interviews with experts from nine public organizations, we identified six barriers and eight enablers to risk management in eGovernment settings. Our findings suggest that interoperability has important implications for how r…

Is the EUA a new asset class?

2022

The listing of a new asset requires knowledge of its statistical properties prior to its use for hedging, speculative or risk management purposes. In this paper, the authors study the stylised facts of European Union Allowances (EUAs) returns. The majority of the phenomena observed, such as heavy tails, volatility clustering, asymmetric volatility and the presence of a high number of outliers are similar to those observed in both commodity futures and financial assets. However, properties such as negative asymmetry, positive correlation with stocks indexes and higher volatility levels during the trading session, typical of financial assets, and the existence of inflation hedge and positive …

Bank Stability: The Case of Nordic and Non-Nordic Banks in Latvia

2018

The banking industry is facing huge challenges due to technology-enabled innovation, to changes in customer preferences, to bank de-risking and to new regulatory initiatives. To go through all these changes, banks need to be stable. The present study contributes to the empirical literature by identifying the determinants of stability of banks in the Latvian Banking Industry. This study covers both bank-specific (endogenous) factors and macroeconomic (exogenous) factors that impact the stability of banks. The data set used in this study is the annual financial statements of Latvian banks operated in the period 2003-2016. Using multivariate regression analysis techniques, we found evidence th…

Asset and Liability Modelling for Participating Policies with Guarantee

2008

We study the problem of asset and liability management of participating insurance policies with guarantees. We develop a scenario optimization model for integrative asset and liability management, analyze the tradeoffs in structuring such policies, and study alternative choices in funding them. The nonlinearly constrained optimization model can be linearized through closed form solutions of the dynamic equations. Thus large-scale problems are solved with standard methods. We report on an empirical analysis of policies offered by Italian insurers. The optimized model results are in general agreement with current industry practices. However, some inefficiencies are identified and potential im…

Comparing Cybersecurity Information Exchange Models and Standards for the Common Secure Information Management Framework

2021

Cyber threats have increased in spite of formal economic integration in the world. Decision-makers and authorities need to respond to the growing challenge of cyberthreats by increasing cooperation. Information is one of the main facilities when the objective is to prevent hybrid threats at the EU level and between the western countries. The main purpose of the study is to find out separating and combining factors concerning existing cyber information sharing models and information management frameworks in western countries. The aim is also to find out crucial factors, which affect the utilization of a common Early Warning System for the ECHO stakeholders. The main findings are that unclear…

A Framework for Software Risk Management

1996

We present a simple, but powerful framework for software risk management. The framework synthesizes, refines, and extends current approaches to managing software risks. We illustrate its usefulness through an empirical analysis of two software development episodes involving high risks. The framework can be used as an analytical device to evaluate and improve risk management approaches and as a practical tool to shape the attention and guide the actions of risk managers.

The CFO’s Information Challenge in Managing Macroeconomic Risk

2010

In this paper we examine the role of the CFO in setting risk management strategy with respect to macroeconomic risk, in particular, and we consider the information requirements for setting a strategy that is consistent with corporate objectives. We argue that macroeconomic risk management requires a broad approach encompassing financial, operational and strategic considerations. Furthermore, several interdependent sources of risk in the macroeconomic environment must be taken into account. Once this interdependence among, for example, exchange rates, interest rates and inflation are taken into account macroeconomic risk management can be considered a relatively self-contained aspect of Inte…

Linear and Nonlinear Interest Rate Exposure of Spanish Firms

2006

This paper carries out a comprehensive analysis of the interest rate risk borne by the Spanish firms on a sector basis. The traditional linear interest rate exposure model has been extended to allow for the possibility of a nonlinear exposure component as well as the presence of asymmetric behaviour in the exposure pattern. The obtained results show a significant interest rate exposure for some sectors, especially with regard to changes in the long-term interest rates. Moreover, it is documented that the linear exposure profile prevails over the asymmetric and nonlinear exposure patterns. In particular, the Construction sector is the sector that shows the highest incidence of interest rate …

The role of trust in enhancing Internet use in a high-risk society

2015

Purpose – This paper aims to determine the key trust antecedents that influence Internet users’ trust level toward Internet service providers (ISPs) in a high-risk society. It also investigates trust-building process, major causes of its violation, their potential implications and restoration. Design/methodology/approach – A mixed-method approach was used in collecting data in Kenya in 2014 by using questionnaire and interview techniques. The former was administered to 250 (with 81 per cent response rate) randomly selected Internet users at Kenyatta University while the latter focused on key decision-makers from four randomly selected ISPs in Nairobi. Findings – The results show that Inter…