Third-Party Monitoring and Risk Management: A Literature Review

2021 ◽  
Vol 72 (3) ◽  
pp. 229-272
Author(s):  
Marta Michaelis
Keyword(s):  
Risk Management ◽  
Literature Review ◽  
Risk Reduction ◽  
Incentive Contracts ◽  
Third Party ◽  
Research Subjects ◽  
Contractual Relationships ◽  
Risk Managers ◽  
It Risk ◽  
Insight Into

Abstract Although risk management is prevalent in organizations, agency theory studies on contractual relationships in firms fail to address it. Risk reduction is mostly discussed within the context of monitoring, understood as insight into the activities of subordinates. Hence, this literature review discusses 18 main analytical studies on monitoring, reviewing whether they can be reinterpreted as depicting risk management, thereby allowing for the transfer of gained insights. Accordingly, only Meth, B. (1996). Reduction of outcome variance: optimality and incentives. Contemp. Account. Res. 13: 309–328 and Dürr, O., Nisch, M., and Rohlfing-Bastian, A. (2020). Incentives in optimized teams for projects with uncertain returns. Rev. Account. Stud. 25: 313–341, can be reinterpreted as such, bearing the following risk management implications: (1) risk management is vital for firms, as firm’s risk affects employee incentive contracts, firm’s utility, and optimal firm size; (2) risk attitudes of risk managers are crucial for designing incentive contracts, with incentives necessary for more (less) risk-averse agents to encourage risk-taking (risk reduction); and (3) risk management should be delegated as a task separate from other managerial activities. The other studies do not depict risk management. Therefore, many research subjects remain open, such as organizing risk management in hierarchies, delegating risk management as a task and incentivizing it when a firm’s outcome is unavailable for contracting, and establishing the connection between the performance measures and the risk of a firm.

Superiority of Basel II over Basel I

2014 ◽  
pp. 158-210
Keyword(s):  
Risk Management ◽  
Basel Ii ◽  
Prudential Supervision ◽  
Communicative Practices ◽  
Empirical Risk ◽  
Global Banking ◽  
Before And After ◽  
Supervision Practices ◽  
Risk Managers ◽  
Insight Into

This chapter explores the presumed superiority of Basel II over Basel I, and assess the effectiveness of Basel II in empirical risk management and prudential supervision practices, as reflected in a series of 15 interviews undertaken with bank risk managers, senior analysts, and supervisors from regulatory authorities in Australia shortly before and after the 2008 global banking crisis. This chapter and the next represent an important contribution, as these experts and professional are charged with the implementation of the Basel framework, and so are well qualified to identify both its strengths and its weaknesses. In addition to providing an insider’s insight into the operation of the Basel II system, the interviews also permit an investigation of the degree of congruency in the approach and views of bank practitioners in one hand, and regulators on the other. The tendencies discovered may be at play also distorting communicative practices in risk management and supervision under the Basel III framework.

scholarly journals HAZAGORA: will you survive the next disaster? – a serious game to raise awareness about geohazards and disaster risk reduction

2015 ◽  
Vol 3 (9) ◽  
pp. 5209-5245
Author(s):  
S. Mossoux ◽  
A. Delcamp ◽  
S. Poppe ◽  
C. Michellier ◽  
F. Canters ◽  
...  
Keyword(s):  
Risk Management ◽  
Risk Reduction ◽  
Disaster Risk Reduction ◽  
Management Strategies ◽  
Disaster Risk ◽  
African Countries ◽  
School Students ◽  
Risk Management Strategies ◽  
Reduction Strategies ◽  
Risk Managers

Abstract. Natural disasters are too often presented as resulting from extreme natural phenomena affecting helpless populations, with people being insufficiently aware of the factors leading to disasters and of the existing strategies to mitigate their impacts. We developed a board game aimed at raising awareness about geohazards and disaster risk reduction strategies. The target groups are (1) secondary school students and citizens, and (2) scientists and stakeholders involved in risk management activities. For the first group, the aim is to induce a better understanding of geohazards and disasters they are confronted with in the media or in their daily life; for the second, the objective is to generate discussion about risk management strategies. The game was tested with students in Belgium and with citizens, earth scientists and risk managers in several African countries. Based on the game strategies analysis, the players' reactions during the game and their answers to a short questionnaire, we analyzed the main learning outcomes conveyed by this game. The Hazagora game appears to positively enhance the players' insight in processes involved in disasters. As such, the game is an effective playful learning tool to introduce participants to the concept of geohazard and disaster and to generate discussion.

scholarly journals How Risk Managers’ Psychological and Social Capital Promotes the Development of Risk-Management Capabilities

2020 ◽  
Vol 12 (11) ◽  
pp. 4666 ◽  
Author(s):  
Ge-Qi Cui ◽  
Chang-Hyun Jin ◽  
Jung-Yong Lee
Keyword(s):  
Social Capital ◽  
Risk Management ◽  
Organizational Culture ◽  
Psychological Capital ◽  
Research Subjects ◽  
External Management ◽  
Risk Managers ◽  
Management Capabilities ◽  
The Relationship ◽  
Positive Effect

The purpose of this study is to investigate the roles of risk managers’ psychological and social capital in risk-management capabilities (technical, business processes, and external resources) and the relationship between risk-management capabilities and management performance. This study treated organizational culture as a moderating variable. The research subjects (n = 1000) included top managers, general managers, and managers in various industries. This study found that risk managers’ positive psychological and social capital play important roles in corporate risk-management capabilities. The investigation of the moderating effect of organizational culture also provides important guidelines for future studies. This study found that components of psychological capital (e.g., hope, resilience, optimism, and self-efficacy) had a positive effect on substitute-risk-management capabilities (e.g., technology, business, and external management). Moreover, components of social capital (e.g., managerial tie utilization, trust, and solidarity) had a positive effect on substitute-risk-management capabilities (e.g., technology, business, and external management). The social and psychological capital of a company’s top management and managers are essential elements for strengthening the company’s capabilities for business and risk management. This study also found that the strength of the moderating effects on the relationship between psychological and social capital and risk-management capabilities differs according to the organizational culture. The implications of the study and limitations are discussed.

Literature review on “Industry Needs for Information Technology competence, Information Technology competence/skill program study and certification of Information Technology competence”

2017 ◽  
Vol 4 (1) ◽  
pp. 117-126
Author(s):  
Tine Sopaheluwakan ◽  
Mohammad A. Amin Soetomo
Keyword(s):  
Information Technology ◽  
Literature Review ◽  
New Technology ◽  
Education Institution ◽  
Third Party ◽  
Training Institution ◽  
Position Information ◽  
Technology Competence ◽  
Information Technology Training ◽  
Industry And Education

Information Technology as a new Technology has been used in businesses from small company until multinational company in almost all industries. IT role as an enabler and differentiation factor separating success company from average company. IT need people to build, operate, maintain and support the systems, hence expect the new hire to immediately contribute from the first day they join the company. The industry define the needs for Information Technology competence and expect Education Institution as one of IT resource work hard to design their program study to fulfill the needs for Information Technology graduates, yet the industry still struggle to succeed in hiring fresh graduate to fill the IT position. Information Technology Training Institution can be an alternative to improve the education result. Also certification on Information Technology competence from third party or independent body might be used as a standard for both Industry and Education. This paper will report literature review several previous paper about all of the above.

Servant Leadership: A systematic literature review—toward a model of antecedents and outcomes

2019 ◽  
Vol 34 (1) ◽  
pp. 32-68 ◽  
Author(s):  
Jan G Langhof ◽  
Stefan Güldenberg
Keyword(s):  
Literature Review ◽  
Servant Leadership ◽  
Systematic Literature Review ◽  
Research Area ◽  
Leadership Model ◽  
Management Literature ◽  
Insight Into

The purpose of this article is multi-layered. First, we focus on gaining a comprehensive insight into a research area which just recently received more recognition in management literature: servant leadership. Second, we identify antecedent and outcomes of servant leadership within the existing research body. Third, we synthesize and develop a comprehensive servant leadership model. It assists academics and practitioners in keeping pace with the increasing servant leadership literature. The systematic literature review provides explanations as to why managers practice servant leadership. The study also contributes to a better understanding of the outcomes of servant leadership and brings clarity to a discombobulated group of studies.

Double, triple or quadruple hits? Exploring the impact of cybercrime on victims in the Netherlands

2021 ◽  
pp. 026975802110106
Author(s):  
Raoul Notté ◽  
E.R. Leukfeldt ◽  
Marijke Malsch
Keyword(s):  
Public Opinion ◽  
Literature Review ◽  
The Netherlands ◽  
Public Discourse ◽  
Moral Judgments ◽  
Victim Blaming ◽  
High Prevalence ◽  
Different Types ◽  
The Impact ◽  
Insight Into

This article explores the impact of online crime victimisation. A literature review and 41 interviews – 19 with victims and 22 with experts – were carried out to gain insight into this. The interviews show that most impacts of online offences correspond to the impacts of traditional offline offences. There are also differences with offline crime victimisation. Several forms of impact seem to be specific to victims of online crime: the substantial scale and visibility of victimhood, victimisation that does not stop in time, the interwovenness of online and offline, and victim blaming. Victims suffer from double, triple or even quadruple hits; it is the accumulation of different types of impact, enforced by the limitlessness in time and space, which makes online crime victimisation so extremely invasive. Furthermore, the characteristics of online crime victimisation greatly complicate the fight against and prevention of online crime. Finally, the high prevalence of cybercrime victimisation combined with the severe impact of these crimes seems contradictory with public opinion – and associated moral judgments – on victims. Further research into the dominant public discourse on victimisation and how this affects the functioning of the police and victim support would be valuable.

scholarly journals Health Workforce Development in Health Emergency and Disaster Risk Management: The Need for Evidence-Based Recommendations

2021 ◽  
Vol 18 (7) ◽  
pp. 3382
Author(s):  
Kevin K. C. Hung ◽  
Sonoe Mashino ◽  
Emily Y. Y. Chan ◽  
Makiko K. MacDermot ◽  
Satchit Balsari ◽  
...  
Keyword(s):  
Risk Management ◽  
Risk Reduction ◽  
Case Studies ◽  
Workforce Development ◽  
Health Workforce ◽  
Disaster Risk Reduction ◽  
Disaster Risk ◽  
Disaster Risk Management ◽  
Evidence Based ◽  
Literature Reviews

The Sendai Framework for Disaster Risk Reduction 2015–2030 placed human health at the centre of disaster risk reduction, calling for the global community to enhance local and national health emergency and disaster risk management (Health EDRM). The Health EDRM Framework, published in 2019, describes the functions required for comprehensive disaster risk management across prevention, preparedness, readiness, response, and recovery to improve the resilience and health security of communities, countries, and health systems. Evidence-based Health EDRM workforce development is vital. However, there are still significant gaps in the evidence identifying common competencies for training and education programmes, and the clarification of strategies for workforce retention, motivation, deployment, and coordination. Initiated in June 2020, this project includes literature reviews, case studies, and an expert consensus (modified Delphi) study. Literature reviews in English, Japanese, and Chinese aim to identify research gaps and explore core competencies for Health EDRM workforce training. Thirteen Health EDRM related case studies from six WHO regions will illustrate best practices (and pitfalls) and inform the consensus study. Consensus will be sought from global experts in emergency and disaster medicine, nursing, public health and related disciplines. Recommendations for developing effective health workforce strategies for low- and middle-income countries and high-income countries will then be disseminated.

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