Risk Management at Corporate Level

2015 ◽  
pp. 179-210
2018 ◽  
Vol 12 (1) ◽  
pp. 119
Author(s):  
Michael Tinggi ◽  
Shaharudin Jakpar ◽  
Ng Kim Hui

The study is potentially, to explore the effect of discounting for risk on performance of firms listed in Malaysian stocks’ market. Risk management has been part of the corporate philosophy in maximizing shareholders’ wealth and firms’ profit. Managing risk cannot be done in isolation. Too often common risks pertinent to operation, liquidity and financing may be taken for granted by many firms. Risks exist on stand alone, but its implication may negatively severe firms’ performance if not addressed or dealt with properly. Integrating and managing risks may potentially improve the quality of business processes, which may orientate towards attaining firms’ performance at the corporate level. The 2007 global financial crisis has incidentally highlighted the importance of integrating and managing risk and its effect on business. Empirical evidences from the Panel Random Effect (RE) analysis of the above companies showed that the firm’s ability to manage and integrate operating, liquidity, and financial risks steer the firms towards performance orientation.


2021 ◽  
Vol 52 (1) ◽  
Author(s):  
Petrus Naude

Purpose: The purpose of this article was to review the book of Christoph Lütge and Matthias Uhl (2021) entitled Business ethics. An economically informed perspective (Oxford University Press).Design/methodology/approach: The approach followed is to give an overview of the book’s content, appraise the positive contribution followed by some critical questions for further discussions.Findings/results: The key finding is that the book, indeed, contributes to establish ethics with an economic method as a novel approach.Practical implications: Practical implications are found in both the approach to global ethics and especially to risk management design.Originality/value: The value of the book lies in its use as a handbook at a graduate level and as a guide to managers to implement corporate-level ethics.


2021 ◽  
Vol 13 (15) ◽  
pp. 8492
Author(s):  
Fatima Ezzahra Essaber ◽  
Rachid Benmoussa ◽  
Roland De Guio ◽  
Sébastien Dubois

The purpose of this research work is to provide supply chain managers with a formal and generalizable approach that furnishes accurate guidelines to achieve a 2D performance integrating both Lean and Green. Despite the fact that several research works have been conducted in the framework of Lean and Green, at a conceptual level, the relationship between both paradigms is still ambiguous. Furthermore, the literature revealed a lack of relevant and generalizable approaches that explicitly demonstrate how to successfully implement Lean and Green in a relevant and integrated way. Since risks are the main obstacles disrupting performance, this research work addresses the identified gap by proposing a risk management approach (RMA) for Lean Green performance in a supply-chain context. Risk cannot be managed if not well-identified; hence, a rigorous literature investigation was conducted to define this concept in a supply-chain context. Later, risk was introduced into Lean and Green aspects. Subsequently, through a comprehensive review of previous risk identification studies, a novel classification of supply chain risks in a Lean Green context was provided. At a corporate level, risks often include several sources that cannot be treated at once. Therefore, a risk assessment analysis was performed, employing an analytic hierarchy process for its ease of use and broad adaptability. The output of this analysis provides visibility for an organization’s position toward performance goals and underlines crucial risks to be addressed. The risk treatment process was upgraded in this approach to a detailed analysis that aims at investigating the root causes behind the prioritized risks. Deployment of the approach on a corporate level revealed that treating a risk may negatively affect treating another. Indeed, thinking Lean is not necessarily Green, which stands with the fact that Lean Green supply chain challenges may outstrip classic optimization methods and techniques; therefore, its management requires innovative approaches. Thereby, our findings support the applicability and efficiency of the Theory of Inventive Problem Solving (TRIZ) in this setting. Although the case study focused on a specific company, the developed framework can be customized to fit different cases.


Author(s):  
David Mortimer ◽  
Sharon T. Mortimer
Keyword(s):  

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