Analysing the economic value of meteorological information to improve crop risk management decisions in a dynamic context

The digitalisation of the economy has increased tax administrations’ traditional tax risks and introduced new tax non-compliance risks, such as the use of income suppression software and tax fraud associated with the use of alternative payment methods, such as cryptocurrencies. This study focuses on the global reform that took place among tax authorities from a tax risk management and assurance perspective. The study was executed in two phases, including a cross-national literature review to synthesise international reform regarding tax risk management and assurance in response to the digitalisation of the economy. This process was followed by interviews with risk, technology and data experts of 30 global tax authorities in order to evaluate the level of implementation of the global reform measures identified in the first research phase. The research results suggest an imbalance in reform among participants from developed and developing economies. An inability to optimise tax risk and assurance management within the digitalised economy will negatively impact the tax authorities’ ability to maximise tax collection within the digitalised economy. This is especially concerning if the significant role of digital platforms on future global economic value creation is considered.

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Stopping ovarian cancer screening in BRCA1/2 mutation carriers: Effects on risk management decisions & outcome of risk-reducing salpingo-oophorectomy specimens

Maturitas ◽

10.1016/j.maturitas.2014.12.009 ◽

2015 ◽

Vol 80 (3) ◽

pp. 318-322 ◽

Cited By ~ 13

Author(s):

Catheleine M.G. van Driel ◽

Geertruida H. de Bock ◽

Henriette J.G. Arts ◽

Aisha S. Sie ◽

Harry Hollema ◽

...

Keyword(s):

Ovarian Cancer ◽

Risk Management ◽

Cancer Screening ◽

Management Decisions ◽

Ovarian Cancer Screening ◽

Mutation Carriers ◽

Risk Reducing

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Risk management reconceived: reconciling economic rationality with behavioural tendencies

Journal of Project Program & Portfolio Management ◽

10.5130/pppm.v1i1.1573 ◽

2010 ◽

Vol 1 (1) ◽

pp. 1 ◽

Cited By ~ 4

Author(s):

Ruth Murray-Webster ◽

Sergio Pellegrinelli

Keyword(s):

Risk Management ◽

Management Practices ◽

Economic Value ◽

Project Planning ◽

Economic Rationality ◽

Planning And Control ◽

Gain Loss ◽

Audit Activity ◽

And Control ◽

Biases And Heuristics

Risk management practices as described in many leading texts feel counterintuitive to many practitioners and are frequently ignored, despite their being evidently logical and potentially valuable. Such practices are often conceived as a remedial post-planning, audit activity. This paper proposes an approach for dealing with project uncertainty and risk, grounded in economics and taking into account behavioural biases and heuristics. The proposed approach is argued to be an enhancement to conventional risk management practices and one that can serve organisations better while also aligning to experienced practitioners’ intuitive approaches. In particular, we argue: that the focus should be on adding economic value rather than reducing risk per se; that opportunity gain/loss is a superior metric for gauging potential impacts of risky events; and that creation of real options should be emphasised as part of the repertoire of generic response actions to risk. The approach also supports the integration and handling of uncertainty and risk as part of holistic project planning and control.

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Preface: Risk management decisions and wealth management in Financial Economics

Annals of Operations Research ◽

10.1007/s10479-018-2767-5 ◽

2018 ◽

Vol 262 (2) ◽

pp. 239-240

Author(s):

Hatem Ben Ameur ◽

Ephraim Clark ◽

André De Palma ◽

Jean-Luc Prigent

Keyword(s):

Risk Management ◽

Financial Economics ◽

Management Decisions ◽

Wealth Management

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Cultural Heritage and natural disasters: the insurance choice of the Italian Cathedrals

Journal of Cultural Economics ◽

10.1007/s10824-020-09397-x ◽

2020 ◽

Cited By ~ 1

Author(s):

Francesco De Masi ◽

Donatella Porrini

Keyword(s):

Risk Management ◽

Cultural Heritage ◽

Natural Disasters ◽

Economic Value ◽

Risk Management Strategy ◽

Insurance Contracts ◽

System A ◽

Insurance Choice ◽

Definition Of ◽

The Empirical Analysis

Abstract Given the threat of natural disasters to Cultural Heritage, this paper aims to investigate how the use of the insurance instrument contributes to the definition of an adequate risk management strategy. The analysis focuses on the role that insurance can play both by supplying policies covering damage and proactively stimulating prevention behaviors, taking into consideration information imperfections (i.e., adverse selection, moral hazard and charity hazard). Through a survey among Italian Dioceses, data about the diffusion of insurance contracts were collected together with other qualitative and quantitative elements linked to the decisional process of insuring Italian Cathedrals. The empirical analysis shows that the administrators of the Dioceses are aware of the economic value of the cultural assets and in safeguarding the Cathedrals they identify in the insurance system a useful and efficient risk management instrument.

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