Search results for "Risk Management"
showing 10 items of 294 documents
Democracy, political risks and stock market performance
2015
We study whether the emerging stock markets’ performance is affected by direct and indirect effects of democracy level and political risk. We argue that the relationship between democracy level and the political risk is parabolic instead of a simple linear relation i.e. there exists a limit in democracy after which the political risk begins to decline and this is reflected in stock prices. Using panel data for 38 emerging markets at yearly frequency and controlling for several domestic and international factors, we find a fairly robust evidence that during the period 2000-2010, this relationship is true and after some threshold, the more democratic countries produce higher returns. Similar …
The Employment of Unmanned Aerial Vehicles for Analyzing and Mitigating Disaster Risks in Industrial Sites
2020
Effective safety procedures play a fundamental role in high-risk industrial contexts, because the occurrence of an accident can cause environmental catastrophes, severe damages to the structures, and fatal injuries to the workers. In particular, maintaining detailed and up-to-date information about potential accident areas is a crucial issue to prevent the occurrence of disasters and to safely plan the rescue process. In such contexts, periodic safety inspections are therefore performed on a regular basis, although they may expose the inspection personnel to harsh or hazardous environments. The employment of unmanned aerial vehicles (UAVs) in such situations can provide unprecedented opport…
Risk management in offshore outsourcing of software production using the ICT-supported unified process model: A cross-case study
2008
Successful execution of ICT-supported unified process of offshore outsourcing (ICT-SUPOO) of software development can offer various important benefits. However, ICT-SUPOO of software development is very complex and risky, and often fails. Almost no empirical studies are available on the risk factors that affect the ICT-SUPOO. The objective of this study is to investigate the key risk factors associated with ICT-SUPOO, understand how they create risks, and how the risks can be alleviated. We carry out a multiple case study from both of the vendorpsilas and clientpsilas sites, where professionals with extensive experience in managing offshore outsourcing of software development were interview…
The Limits to Volatility Predictability: Quantifying Forecast Accuracy Across Horizons
2018
Volatility forecasting is crucial for portfolio management, risk management, and pricing of derivative securities. Still, little is known about how far ahead one can forecast volatility. First, in this paper we introduce the notions of the spot and forward predicted volatilities and propose to describe the term structure of volatility predictability by the spot and forward forecast accuracy curves. Then, by employing a few popular time-series volatility models, we perform a comprehensive empirical study on the horizon of volatility predictability. Our results suggest that, whereas the spot volatility can be predicted over horizons that extend to 35 weeks, the horizon of the forward volatili…
Risk Accelerators in Disasters
2014
Published version of a chapter in the book: Advanced Information Systems Engineering. Also available from the publisher at: http://dx.doi.org/10.1007/978-3-319-07881-6_2 Modern societies are increasingly threatened by disasters that require rapid response through ad-hoc collaboration among a variety of actors and organizations. The complexity within and across today's societal, economic and environmental systems defies accurate predictions and assessments of damages, humanitarian needs, and the impact of aid. Yet, decision-makers need to plan, manage and execute aid response under conditions of high uncertainty while being prepared for further disruptions and failures. This paper argues tha…
IT Technology Implications Analysis on the Occupational Risk: Cloud Computing Architecture
2014
Abstract The present paper is divided into three major areas: the analysis of occupational risk implications at national and international level, the European priorities in terms of occupational risk and the existing cloud computing services. Since human resource is present within each organization, it is required a comprehensive and actual assessment of the processes in which they participate. Like in any daily activity, processes and people contribute to the emergence of risks. If each organization creates healthy and safe workplaces that means that it contributes to the sustainable development of the area in which it operates. It can be said that occupational risk assessment and occupati…
GREENHOUSE EFFECT REDUCTION THROUGH MINE METHANE VALORIZATION: OVERVIEW AND FEASIBILITY STUDY
2017
Although the main reason for the extraction of methane from coal beds continues to address ensuring the safety of workers, an important driver is the need to reduce emissions of greenhouse gases. In order to identify potential technical problems specific for available technologies implementation, we performed a comparative critical analysis, based on which the technically feasible systems resulted, their further selection being based on detailed analysis in financial and investment terms. The research goal was to establish options for using methane gas discharged through central degassing and main ventilation stations currently operational mines in the Jiu Valley collieries; through its lev…
Entrepreneurship and Innovation
2020
Chapter 1: Entrepreneurship as a social and economic process.- Chapter 2: The Entrepreneur.- Chapter 3: The entrepreneurial process.- Chapter 4: Intrapreneurship.- Chapter 5: Innovation in small firms.- Chapter 6: Adoption and diffusion of innovation.- Chapter 7: Planning, business models and strategy.- Chapter 8: Team building, company leadership and strategic alliances.- Chapter 9: Financing the venture.- Chapter 10: Intellectual property management.- Chapter 11: Risk management and innovation.- Chapter 12: Disruptive innovations and the commercialisation of technology.- Chapter 13: Social entrepreneurship and cooperative enterprise.
The Complexity of Risk and Uncertainty Assessment
2017
Abstract Risk reduction means diminishing uncertainties and strengthening the knowledge. There are many ways in which undesirable surprises can be understood and controlled, but the dominating one is the risk approach, on the basis of risk conceptualization, evaluation and risk management. Across time, many progresses have been accomplished in the field of risk, connected not only to the conceptual part, but also to the empirical procedures. Despite this, the premise of this domain is being represented to a substantial extend by theories and practices. This is why it is indispensable to search for trends in the risk framework, to reveal whether further development should be desired and if u…
What Do Chinese Entrepreneurs Think about Entrepreneurship: A Case Study of Popular Essays on Zhisland
2020
Entrepreneurship is becoming increasingly essential in this current era of the knowledge economy. It contributes to the innovation of products and services as well as improved processes. In the long-run, it can also improve the sustainability of the economy by depicting better efficiency and social goals. To stimulate entrepreneurship, it is essential to investigate the thinking behind entrepreneurship or what entrepreneurs think about entrepreneurship. Such investigations should encompass the mental images of entrepreneurs. In this regard, content analysis, based on the popular Zhisland essays, may be applied to elicit opinions from Chinese entrepreneurs about activities, critical factors …