The Interdisciplinary Approach to Crisis Management: Recent Trends in International Studies

Servis plus ◽  
10.12737/2797 ◽  
2014 ◽  
Vol 8 (1) ◽  
pp. 51-65 ◽  
Author(s):  
Сергей Илькевич ◽  
Sergey Ilkevich ◽  
Вера Шлапак ◽  
Vera Shlapak
Keyword(s):  
Risk Management ◽  
Crisis Management ◽  
Interdisciplinary Approach ◽  
Legal Regulation ◽  
Propagation Model ◽  
International Studies ◽  
Macroeconomic Factors ◽  
Institutional Economic ◽  
Organizational Storytelling ◽  
Corporate Social

Despite the fact that crisis management both in terms of the nature of knowledge required and approaches used is largely a synthesis of various disciplines, interdisciplinary aspects and the relationships do not receive sufficient attention. International literature of recent years allows a somewhat broader look at a number of both theoretical and practical aspects of crisis management in a wider context of topics and disciplines. A thorough multi-disciplinary approach to crisis management could be an important part of both the domestic research and training, and practice in the field of crisis management. This article reviews some of the most important interdisciplinary connections of crisis management with risk management, corporate governance, macroeconomic shocks, the concepts of stakeholders and corporate social responsibility, information technology, new institutional economic theory, and a number of concepts from sociology and psychology. The list of categories, models, individual concepts and theories of different subject areas which are closely interrelated with crisis management, according to international researchers, is quite long. In connection with the problems of crisis management this paper considers integrated risk management, holistic risk management, COSO-approach, moral hazard, the abuse of information asymmetry, opportunism, adverse selection, bounded rationality, the propagation model of bankruptcies depending on macroeconomic factors, the models of the influence of international integration and globalization on the dynamics of bankruptcies, epidemic models in crisis management, the sociological concept of disaster management, stakeholder theory of crisis management, the concept of reputation damage of crises, high-frequency trading in financial instruments, and the concepts of organizational learning and organizational storytelling. These and other interdisciplinary concepts serve as a book of recipes that can be applied with varying degrees of relevance to various crises in a company. It is plausible to assume that, other things being equal, crisis management, using an interdisciplinary arsenal, will be more effective and adaptive than the more limited approach based solely on the core of crisis management: economic analysis, legal regulation, management and marketing basics.

scholarly journals A Methodical Approach to Design and Valuation of Weather Derivatives in Agriculture

2013 ◽  
Vol 2013 ◽  
pp. 1-8 ◽  
Author(s):  
Jindrich Spicka ◽  
Jiri Hnilica
Keyword(s):  
Risk Management ◽  
Low Income ◽  
Crop Yields ◽  
Option Price ◽  
Interdisciplinary Approach ◽  
Weather Conditions ◽  
Low Income Countries ◽  
Management Tool ◽  
Weather Derivatives ◽  
Methodical Approach

The paper deals with weather derivatives as the potentially effective risk management tool for agricultural enterprises seeking to mitigate their income exposure to variations in weather conditions. Design and valuation of the weather derivatives is an interdisciplinary approach covering agrometeorology, statistics, mathematical modeling, and financial and risk management. This paper first offers an overview of data sources and then methods of design and valuation of weather derivatives at the regional level. The accompanied case study focuses on cultivation of cereals (wheat and barley) in the Czech Republic. However, its generalizability is straightforward. The analysis of key growing phases of cereals is based on regression analysis using weather indices as the independent variables and crop yields as dependent variables. With the bootstrap tool, the burn analysis is considered as useful tool for estimating uncertainty about the payoff, option price, and statistics of probability distribution of revenues. The results show that the spatial and production basis risks reduce the efficiency of the weather derivatives. Finally, the potential for expansion of weather derivatives remains in the low income countries of Africa and Asia with systemic weather risk.

The Term «Computer Game»: The Experience of an Interdisciplinary Analysis

2021 ◽  
Author(s):  
A.A. Vasiliev ◽  
◽  
Yu.V. Pechatnova ◽  
Keyword(s):  
Video Game ◽  
Computer Games ◽  
Social Evolution ◽  
Computer Game ◽  
Interdisciplinary Approach ◽  
Legal Regulation ◽  
Economic Feasibility ◽  
Point Of View ◽  
Legal Analysis ◽  
New Variety

The article is devoted to a comprehensive interdisciplinary study of the term «game» and its relatively new variety – computer game. The need to use an interdisciplinary approach to the study of the term is explained by the versatility and multi-aspect nature of the phenomenon under study. The article reveals the meaning of the concept «game» in the philosophical, aesthetic, historical, cultural, linguistic, psychological, technological and legal dimensions. The research methodology includes historical, systematic methods, as well as the method of formal legal analysis. The author emphasizes the influence of the development of forms of game activity on the development of social evolution, as well as the interaction of the game and the achievements of scientific and technological progress. The relevance of studying the term «computer game» lies in the fact that computer games have become the most popular type of gaming activity and the most profitable commercial product on the modern market. In this regard, terminological certainty is necessary due to the economic feasibility and effective legal regulation of the development, implementation and use of computer games. The authors propose to identify the main features of the concept «game», in general, and the specific features of the term «computer game», in particular. Based on the set of features, the author's definition of the concept «computer game» is proposed. In order to distinguish the studied concept from related categories, the analysis of the terms «electronic game» and «video game» is carried out. In conclusion, the authors assess the approaches to the legal regulation of computer games from the point of view of domestic legislation. As a result of the analysis of the possibility of attributing a computer game to a variety of programs for electronic computers or a variety of multimedia products, the choice was made in favor of the latter. Thus, at present, in order to solve legal problems related to the development and use of a computer game, the authors propose the application of the law analogy.

USE OF THE RISK MANAGEMENT TECHNOLOGY IN EVALUATION OF HEALTH SERVICES FOR EMPLOYEES OF ENTERPRISES OF A LARGE OIL PRODUCING COMPANY

2021 ◽  
Vol 55 (1) ◽  
pp. 91-98
Author(s):  
O.I. Orlov ◽  
◽  
E.Yu. Mamonova ◽  
V.M. Levanov ◽  
O.V. Perevedentsev ◽  
...  
Keyword(s):  
Risk Management ◽  
Health Risk ◽  
Information Acquisition ◽  
Medical Personnel ◽  
Weight Coefficient ◽  
Online Information ◽  
Medical Care System ◽  
Healthcare Evaluation ◽  
Corporate Social ◽  
Key Resources

Protection of personnel health is part and parcel of the corporate social policy adopted by oil producing companies with the divisional structure. The medical care system using outsourcing needs a proficient control of its functioning. Since it incorporates dozens of objects, the control is workable only provided digital technologies are applied. We made choice of the infographic matrix to build up two matrices, i.e. one for health risk management and the other, for resources and processes management. Besides, we developed systems for quantitative risk evaluation, and to score key resources, processes, and medical personnel efficiency on 5-point scales. Weight coefficient was accepted for each factor. The technique has been implemented for health analysis and healthcare evaluation at 49 enterprises. Scrupulous attention was given to the enterprises within the orange zone (51-75 on the scale). Out of 9 to 10 enterprises that traveled in the zone over 3 years of monitoring, 4 were present in both matrices. Analysis of the reports provided guides to develop response measures suitable for specific enterprises. Health risk matrices can find application in a large number of enterprises for online information acquisition, problem identification and solving.

The direct and indirect effect of the existence of risk management on the relationship between audit committee and corporate social responsibility disclosure

2018 ◽  
Vol 25 (9) ◽  
pp. 4125-4138 ◽  
Author(s):  
Sami R.M. Musallam
Keyword(s):  
Risk Management ◽  
Indirect Effect ◽  
Audit Committee ◽  
Committee Meeting ◽  
Content Type ◽  
Financial Expertise ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Relationship Of ◽  
The Relationship

PurposeThe purpose of this paper is to investigate the direct and indirect effect of the existence of risk management on the relationship between audit committee and corporate social responsibility (CSR) disclosure in Palestine.Design/methodology/approachThe study utilizes a panel data of 31 Palestinian listed companies from 2010 to 2016. It also utilizes structural equation modeling (SEM) model.FindingsThe results of SEM model find a significant positive relationship of the existence of risk management, audit committee meeting and audit committee size with CSR disclosure. However, audit committee financial expertise has a significant negative relationship with CSR disclosure. The results also find a significant relationship of audit committee meeting and audit committee financial expertise with CSR disclosure through the existence of risk management.Practical implicationsThis study is important to policymakers, accounting professionals and shareholders on the extent to which audit committee related to such committee efficiency in monitoring CSR disclosure.Social implicationsThis study adds to the existing literature by investigating the direct and indirect effect of the existence of risk management on the relationship between audit committee and CSR disclosure in Palestine as one of the youngest market in region that assists to test the validity of agency theory in a young and small emerging market context.Originality/valueIt is the first study to investigate the direct and indirect effect of the existence of risk management on the relationship between audit committee and CSR disclosure in Palestine.

scholarly journals PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN ENTERPRISE RISK MANAGEMENT

2019 ◽  
Vol 4 (2) ◽  
pp. 207
Author(s):  
Rafika Melani ◽  
Idrianita Anis
Keyword(s):  
Risk Management ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Banking Industry ◽  
Stock Exchange ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Enterprise Risk Management ◽  
Enterprise Risk ◽  
Corporate Social

<em>The purpose of this study was to examine the influence of corporate social responsibility disclosure, the effectiveness of the board of commissioners, institutional ownership and implementation of SFAS 60 (revised 2010) on the enterprise risk management disclosure. The data used in this research is secondary data, , obtained the annual report of the banking industry company listed on the Indonesia Stock Exchange. The population of this research is the banking industry companies listed in Indonesia Stock Exchange during the years 2009-2015, amounting to 161 companies. The collection of samples using purposive sampling method by selecting predefined criteria. This study uses multiple regression analysis. The results of this study indicate that not all independent variables showed a significant effect on the dependent variable. CSR disclosure and effectiveness of the board of commissioners has a positive effect on enterprise risk management disclosure. Meanwhile, institutional ownership has no effect on the enterprise risk management disclosure and the application of SFAS 60 (Revised 2010) has no effect on the enterprise risk management disclosure</em>

scholarly journals Medical reform: initial institutional, organizational, economic principles and regional peculiarities of implementation (on the example of Luhansk region)

2021 ◽  
Vol 70 (3) ◽  
pp. 33-42
Author(s):  
N. Chebotarova ◽  
V. Chebotarov
Keyword(s):  
Health Care ◽  
Local Government ◽  
Family Doctor ◽  
Interdisciplinary Approach ◽  
Political Stability ◽  
State Regulation ◽  
Government Reform ◽  
Public And Private ◽  
Institutional Economic ◽  
Medical Reform

Medical reform is a complex systemic, not only purely professional, but also socio-economic, legal and in general institutional phenomenon. In many respects, under modern conditions, medical reform is becoming a kind of barometer of socio-economic and political stability of Ukraine and a criterion of its development level. At the same time, the medical sphere directly affects the life of every family, every person and every administrative-territorial unit of the country. However, at present, domestic science and state regulation practice leave out of consideration the relationship between health care and local government reform. Such a systemic professional, socio-economic and institutional phenomenon requires the appropriate systemic interdisciplinary analysis. The last years of medical reform in Ukraine have already provided the epistemological and empirical basis for such analysis. The authors, on the basis of the interdisciplinary approach in the generalized form, reveal the institutional content of medical reform with the separation of its – the cause-effect sequence of implementation. This logic is reflected in the proposed cognitive pentagram: «formation of the family doctor institution» – «introduction of health insurance» – «connection with local government reform» – «formation of the network of hospital districts» – «equality of public and private medicine», based on the peculiar triangle «inbuilt» in the pentagram (the first, second and fourth elements of the pentagram). Emphasis is placed on the need for institutional, economic and professional projection of the selected pentagram and triangle on the “health care institution” as a defining organizational and sectoral basis for providing high quality medical services to citizens, which should be the generalizing criterion for medical reform. The example of Luhansk and Donetsk oblasts also are considered as the regional features of medical reform in the context of hospital districts formation (objective possibility / impossibility of compliance with the norms of the Ukraine Ministry of Health on determining the parameters of hospital districts) and some relevant problems which arose taking into account the war in the east.

scholarly journals The relationship between customer satisfaction, social responsibility, and long-run financial performance

2012 ◽  
Vol 8 (2) ◽  
Author(s):  
Yi-Chen Wang ◽  
Ben-Piet Venter ◽  
Chia-Hsing Huang
Keyword(s):  
Corporate Social Responsibility ◽  
Customer Satisfaction ◽  
Social Responsibility ◽  
Financial Performance ◽  
Dynamic Panel Data ◽  
International Studies ◽  
Linear Regression Models ◽  
Satisfaction Index ◽  
Long Run ◽  
Corporate Social

This paper investigates the link between long-run corporate financial performance, corporate social responsibility, and customer satisfaction. Using annual financial data, customer satisfaction index, and the Dow Jones Sustainability Index, the paper seeks to establish whether it pays organizations to use ethical methods in striving to be sustainable. Data used for this research cover the period 2001 to 2008. We used dynamic panel data linear regression models to analyze the effect of customer satisfaction and social responsibility on short-run and long-run financial performance. It was found that it may benefit organizations to use ethical methods in pursuing sustainability. since organizations who invest time, money, and effort in corporate social responsibility activities, their good reputations and satisfied customers yield long-term cash flow growth.Keywords: corporate customer satisfaction, Corporate Social Responsibility, corporate financial performanceDisciplinesL business studies, international studies, ethics, finance studies

A fresh look at the concepts of economic and macroeconomic crises: General, priority, and institutional approach

2021 ◽  
Vol 27 (10) ◽  
pp. 2282-2313
Author(s):  
Dmitrii V. MANUSHIN
Keyword(s):  
Crisis Management ◽  
Economic Crisis ◽  
Economic Approach ◽  
Economic Crises ◽  
New Approach ◽  
Institutional Economic ◽  
Institutional Approach ◽  
Effort Mobilization ◽  
Logical Method ◽  
The Impact

Subject. The article addresses approaches to understanding the economic and macroeconomic crisis. Objectives. The aim is to study and update the concepts of macroeconomic crisis and economic crisis, taking into account modern crisis phenomena and processes, for easier identification and timely anti-crisis measures. Methods. The study draws on the abstract-logical method. Results. The paper clarifies the terms "macroeconomic crisis" and "economic crisis", adds two approaches to the traditional general economic approach to understanding macroeconomic and economic crises, i.e. priority-economic (new approach) and institutional- economic (updated approach). I offer a new systemic grouping of signs of macroeconomic crises and examples that reveal the impact of new signs of these crises on macroeconomics. I formulated a new idea of the unity of intermittent and persistent crisis. Conclusions. The priority-economic approach indicates the priority areas of effort mobilization in the process of crisis management of macroeconomics. The institutional-economic approach broadens the perception of the crises and confirms the need to apply an updated institutional approach to all phenomena and processes studied in macroeconomics.

Sign in / Sign up

Export Citation Format

Share Document