Bank Crisis, Distress Syndrome, and Failure Risk Management in Developing Economies

2016 ◽  
pp. 145-159
Author(s):  
Leonard Onyiriuba
Keyword(s):  
Risk Management ◽  
Distress Syndrome ◽  
Developing Economies ◽  
Failure Risk

scholarly journals Tax Risk Assessment and Assurance Reform in Response to the Digitalised Economy

2020 ◽  
Vol 8 (4) ◽  
pp. 96-126
Author(s):  
Helena Strauss ◽  
Tyson Fawcett ◽  
Danie Schutte
Keyword(s):  
Risk Management ◽  
Value Creation ◽  
Developing Economies ◽  
Economic Value ◽  
National Literature ◽  
Digital Platforms ◽  
Tax Fraud ◽  
Two Phases ◽  
Cross National

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.

The Myth of Diversification: The Destabilizing Impact of Diversification on Financial Institutions

2019 ◽  
Vol 5 (2) ◽  
pp. 179-219
Author(s):  
Kwon-Yong Jin
Keyword(s):  
Risk Management ◽  
Theoretical Model ◽  
Financial Institutions ◽  
Systemic Risk ◽  
Positive Element ◽  
Mitigation Measures ◽  
Financial Conglomerates ◽  
Failure Risk ◽  
The Stability ◽  
The Impact

Abstract This article analyses the impact of asset and activity diversification on the stability of major financial institutions. Diversification is typically viewed as a positive element in risk management. However, examining recent examples concerning diversified multinational financial institutions and a theoretical model of failure risk facing them, this article demonstrates that under certain conditions, diversification can actually increase systemic risk. Financial conglomerates can be ‘too big to manage’, they can become too similar to each other and susceptible to coordinated failure, and, most importantly, catastrophic losses in one part of the firm can overwhelm the whole firm. Based on this finding, this article proposes a number of mitigation measures to limit intra-firm spillover and to make the resolution of troubled financial institutions smoother.

A holistic review of research studies on financial risk management in public–private partnership projects

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Isaac Akomea-Frimpong ◽  
Xiaohua Jin ◽  
Robert Osei-Kyei
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
Real Option ◽  
Net Present Value ◽  
Developing Economies ◽  
Project Managers ◽  
Financial Risks ◽  
Systematic Analysis ◽  
Financial Risk Management ◽  
Content Type

PurposeGlobally, the management of financial risks has gained much attention in the public–private partnerships (PPP) market in recent years. Existing studies rank financial risks among the topmost risk factors that determine the success or failure of a PPP project. As essential for managing financial risks, a systematic review of previous studies on financial risk management of PPP from 1995 to 2019 (inclusive of both years) has been presented in this paper.Design/methodology/approachThe paper undertakes a systematic analysis of 49 relevant and available studies on financial risk management of PPP projects.FindingsFrom the results, high-interest charges, increased construction costs and increased market risks are some of the key financial risks hampering the success of PPP projects. Techniques used to assess financial risks include Monte Carlo Simulation (MCS) and Net Present Value (NPV). Financial risks control adopted by project managers include minimum revenue guarantee and real option pricing. Extremely limited studies on financial risk management in PPP projects in developing economies was revealed.Practical implicationsProject managers in developing financial risk management models may use the outcome of this paper to improve the financial success of PPP projects. Holistically, researchers will be guided to investigate and heighten the pertinent issues on financial risk management of PPP projects in academia.Originality/valueThe results provide a rare guide to project managers in controlling financial risks of PPP projects which is an unexplored topic. It is also the first paper to highlight the issues of financial risk management in PPP projects research.

scholarly journals Risk Management Committee, Financial Reporting Quality and Financial Performance of Deposit Money Banks in Nigeria

2020 ◽  
Vol 11 (5) ◽  
pp. 288
Author(s):  
Joseph Ugochukwu Madugba ◽  
Egbide Ben-Caleb ◽  
Innocent I. Okpe ◽  
Oludare, S. Fadoju ◽  
Ben-Caleb Jane Ogochukwu ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Reporting ◽  
Annual Report ◽  
Developing Economies ◽  
Reporting Quality ◽  
Financial Reporting Quality ◽  
Management Committee ◽  
Banking Organization ◽  
Net Assets ◽  
Risk Management Committee

This Paper examined risk management committee and financial reporting quality on performance of banks in Nigeria with objective of finding out if risk management committee and financial reporting quality affect liquidity of the banks in our study. The data was gotten from annual report of the banks and Central Bank of Nigeria (CBN) statistical bulletin. Out of sixteen deposit money banks, five banks were used for a period of five years 2012-2016. The hypotheses were tested and the result showed that risk management committee does not affect liquidity level of the banks. However, financial reporting quality affect the net assets value per share of banks in Nigeria and the researcher recommended that there is need to strengthen the risk management committee at every banking organization in Nigeria and greater focus should be given to global reporting to ensure that Nigerian banks can compete favourably with that of other developing economies.

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