scholarly journals Archaeological Prediction and Risk Management : Alternatives to Current Practice

2009 ◽  
Keyword(s):  
Risk Management ◽  
Current Practice ◽  
Management Alternatives

scholarly journals Management of Business Risk Hedging in Construction Contracts from the Perspective of Public Investors

2020 ◽  
Vol 14 (2) ◽  
pp. 168-173
Author(s):  
Barbara Andrlova ◽  
Jana Korytarova
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Current Practice ◽  
Public Procurement ◽  
Public Works ◽  
Business Risk ◽  
Structured Interviews ◽  
The Czech Republic ◽  
Construction Contracts ◽  
Risk Hedging

Risk management of construction projects presented in the article focuses on the management of business risk from the perspective of public investors in public works contracts in the Czech Republic. Based on the data analysis and a comparative study of specific attributes in contracts for works, the result of the research has been a portfolio of specific instruments and their recommended parameters for effective business risk management. Qualitative analysis was conducted using a questionnaire survey and structured interviews with public sector representatives to share their views on the current practice of protecting public procurement with regard to mitigate business risk. Types, functions and recommended parameters of hedging instruments has been proposed. Effective forms of hedging are mainly liability insurance for damage to things, property and health, contractual penalties, retention money and bank guarantees. Results of the research were compared with foreign practice and international contractual standards.

scholarly journals Környezeti kockázatok felmérése. Paraméterek bizonytalanságának hatása a kockázatkezelési döntéshozatalra = Assessment of environmental risks – effects of parameter uncertainty to the risk management decisions

2009 ◽  
pp. 10-18
Author(s):  
Dániel Homolya
Keyword(s):  
Risk Management ◽  
Parameter Uncertainty ◽  
Financial System ◽  
Environmental Risks ◽  
Management Decisions ◽  
Short Overview ◽  
Effect Measure ◽  
Similarities And Differences ◽  
Definition Of ◽  
Management Alternatives

A környezeti kockázatok megfelelő felmérése és kezelése napjaink egyik legfontosabb kérdése, nemcsak a szakmai, hanem a széles értelemben vett közvélemény számára. A szerző cikkében azt vizsgálja, hogy a környezeti kockázatok felmérésének milyen megközelítései vannak. Kulcskérdésként pedig arra koncentrál, hogy a kockázatkezelési döntéseket hogyan befolyásolja a becslések bizonytalansága. Először a környezeti kockázat definícióját adja meg, majd azt mutatja be, hogy a környezeti kockázatok kezelésére vonatkozó megközelítések milyen párhuzamban állnak a pénzügyi rendszerrel, mint komplex rendszerre vonatkozó megközelítésekkel. Végül a jelenleg legnagyobb kockázatoknak tartott környezeti kockázatokat ismerteti röviden. A cikk második részében kockázatkezelési alternatívákat mutat be, és azt, hogy a kockázatkezelési lépések kiválasztását befolyásolja a bizonytalanság. Ezt illusztrálandó Brouwer-Blois (2008) modelljét használva a soklépéses szimulációt és alternatív döntési kritériumot – a kritikus (extrém) költség-hatás mutatót – alkalmazza. _____________ Adequate assessment and management of environmental risks is a key question nowadays also for professional experts and also for the overall public. In this article the author examines the different approaches concerning environmental risks. He concentrates as a key question the influence on risk management decisions of uncertainties raised by our estimations. First he analyses the definition of environmental risks, and he shows the similarities and differences between approaches concerning environmental risks and risks threatening financial system, and finally he gives short overview on the most current environmental risks. In the second part of the paper he presents risk management alternatives and analyses the influential power of uncertainty on risk management decisions. In order to illustrate this phenomenon the author applies the model of Brouwer-Blois (2008) with multistep simulation and an alternative decisive criterion, the ranking based on critical (extreme) cost to effect measure.

Risk and Islamic Finance

2020 ◽  
pp. 441-454
Author(s):  
Zubair Hasan
Keyword(s):  
Risk Management ◽  
Financial Crises ◽  
Risk Sharing ◽  
Current Practice ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Future Prospects

The discussions on risk – its bearing, sharing, or transfer – have recently assumed prominence in Islamic finance literature in the wake of devastations the 2007-2008 financial crises unleashed across nations. Islamic scholars were quick to claim that there was no impact of the crisis on Islamic banks because they worked on a risk-sharing principle. In contrast, mainstream institutions suffered because they worked on a different plank – the transference of risk to other parties. This Chapter argues that neither the current practice of Islamic banking supports risk sharing as its sole principle nor do its future prospects depend on it. The proposition only seeks to put Islamic finance on a non-existent trajectory. It clarifies confusion regarding the proposition and some of its corollaries. Contextually, it deals with measurement of risk, its relationship with return to capital, and its distributional equitability. The focus of the Chapter is rather restricted. It does not deal with various types of risks the banks face in their financing activities or with issues in risk management.

scholarly journals Manajemen Risiko: Deteksi Dini Upaya Pencegahan Fraud

2020 ◽  
Vol 9 (2) ◽  
pp. 107
Author(s):  
Eko Sudarmanto
Keyword(s):  
Risk Management ◽  
Early Detection ◽  
Current Practice ◽  
Management Strategies ◽  
Financial Statements ◽  
Economic Costs ◽  
Fraud Prevention ◽  
The Public ◽  
Management Procedures ◽  
Risk Management Strategies

The economic costs of fraud in financial statements continue to be a problem for organizations and the public. The problem discussed in this study is limited risk management strategies to detect early for the prevention of fraud made by company managers and auditors. This strategy is important for proactive fraud prevention and for the integrity of financial statements in the future. The aim of this multi-case qualitative study is to explore early detection and methods of preventing fraud on financial statements using a conceptual framework of risk management. As a conclusion, there is a gap in the concept of risk management in current practice to detect and prevent fraud, and how the auditor's perspective in creating a proactive anti-fraud model. In addition, with this finding practitioners can develop proactive antifraud risk management procedures, and for auditors can develop early detection guidelines in fraud prevention

scholarly journals RISKS AND RISK MANAGEMENT ALTERNATIVES FOR BUILDING CONSTRUCTION INDUSTRY ENTERPRISES IN LATVIA: THE RESULTS OF AN EXPERT SURVEY

2018 ◽  
Vol 1 (10) ◽  
pp. 121
Author(s):  
Sintija Sārtaputna ◽  
Anda Zvaigzne
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Risk Mitigation ◽  
Descriptive Analysis ◽  
Building Construction ◽  
Average Risk ◽  
Expert Opinions ◽  
Management Measures ◽  
Management Alternatives ◽  
Prevention Plan

In the era of progressive globalisation, risk has become an integral component of entrepreneurship, which makes it necessary for every enterprise to design a risk prevention plan. The research aim is to assess the expert opinions on risks and risk management alternatives for building construction industry enterprises in Latvia.  To achieve the aim, the following specific research tasks are set: 1) to assess the most essential and widespread risks for building construction industry enterprises in Latvia; 2) to identify the most effective risk management alternatives for building construction industry enterprises.Research methods used: monographic, descriptive, analysis, synthesis, data grouping and a sociological method – a structured expert survey.The research results showed that almost half of the identified risks for building construction industry enterprises could be prevented by applying the risk mitigation strategy and taking various daily control and internal management measures, thereby investing no additional funds and reducing the consequences caused by the existing risks. A calculation of the average risk severity level by risk group revealed that the most essential risks affecting the building construction industry were those related to human capital.To reduce the effect of seasonality and the risk of unforeseeable orders, building construction industry enterprises have to diversify their business, developing some auxiliary kind of economic activity. This would ensure earning revenues throughout the year.  

Evaluation of risk management alternatives for indiana grain producers

2007 ◽  
Vol 67 (1) ◽  
pp. 157-173 ◽  
Author(s):  
Ana R. Rios ◽  
George F. Patrick
Keyword(s):  
Risk Management ◽  
Management Alternatives
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