Strategic Risk Assessment: Where We Are and How We Got There

1990 ◽  
Author(s):  
John B. McDougle
Keyword(s):  
Risk Assessment ◽  
Strategic Risk

The Halo Effect in Business Risk Audits: Can Strategic Risk Assessment Bias Auditor Judgment about Accounting Details?

2005 ◽  
Vol 80 (3) ◽  
pp. 921-939 ◽  
Author(s):  
Ed O'Donnell ◽  
Joseph J. Schultz
Keyword(s):  
Risk Assessment ◽  
Performance Evaluation ◽  
Laboratory Experiments ◽  
Halo Effect ◽  
Risk Assessments ◽  
Business Risk ◽  
Auditor Judgment ◽  
Strategic Risk ◽  
Strategic Assessment ◽  
Assessment Bias

Many auditors use an audit methodology that requires a strategic risk assessment of their client's business model as a first step for assessing audit risks. This study examines whether the holistic perspective that auditors acquire in making a strategic risk assessment influences the extent to which they adjust account-level risk assessments when they encounter changes in accounts that are inconsistent with information about client operations. Based on halo theory from the performance evaluation literature, we hypothesize that auditors who (1) perform (do not perform) strategic assessment, and (2) develop favorable (unfavorable) strategic risk assessments, are less (more) likely to adjust account-level risk assessments for inconsistent fluctuations. Data from two laboratory experiments using experienced auditors support both hypotheses. Findings suggest that the halo effect generated during strategic assessment influences judgment by altering auditor tolerance for inconsistent fluctuations.

Risk Assessment and Management in Hospital Merger and Acquisition

2017 ◽  
Vol 23 (2) ◽  
Author(s):  
Fei Ren ◽  
Li Han
Keyword(s):  
Risk Assessment ◽  
Financial Risk ◽  
Economic Losses ◽  
Chinese Government ◽  
System Reform ◽  
Core Competitiveness ◽  
Strategic Risk ◽  
The People ◽  
Quantitative Analysis Method ◽  
Risk Assessment And Management

Abstract: In recent years, the Chinese government has introduced a series of policies to promote the health care reform and further promote the hospital industry towards marketization, which makes the hospital M & A continue to heat up. In order to effectively integrate the existing resources, expand the operation scale, strengthen the comprehensive strength, improve the hospital's core competitiveness, make the M & A behavior more scientific to promote the deepening of the medical system reform, this paper studies the risk evaluation and management of M & A based on the theory of hospital M & A. The risks in the current M & A include financial risk, strategic risk, transaction risk, integration risk, etc. These risks will restrict the future development of hospitals, and even lead to the failure of mergers and acquisitions and huge economic losses. Therefore, correct risk assessment and management is the key to the success of M & A. By applying the qualitative identification method, the quantitative analysis method and the expert investigation method as well as making corresponding management adjustment and countermeasures, the risk probability can be reduced and the success rate of M & A can be improved so as to realize the strategic goal. In the hospital M & A, the use of risk assessment and management can prevent and evade risks, which enables the industry chain to extend, helps the development of the industry and provides better medical and health services for the people. 

Strategic risk assessment for pursuing sustainable business in the construction industry: diagnostic models

2013 ◽  
pp. 155-177 ◽  
Author(s):  
Nicholas Chileshe ◽  
Lou Wilson ◽  
Jian Zuo ◽  
George Zillante ◽  
Stephen Pullen
Keyword(s):  
Risk Assessment ◽  
Construction Industry ◽  
Sustainable Business ◽  
Strategic Risk ◽  
Diagnostic Models

scholarly journals Development of a hybrid AHP and Dempster-Shafer theory of evidence for project risk assessment problem

2022 ◽  
Vol 7 (2) ◽  
pp. 77-94
Author(s):  
Saad M. Albogami ◽  
Mohd Khairol Anuar Bin Mohd Ariffin ◽  
Eris Elianddy Bin Supeni ◽  
Kamarul Arifin Ahmad
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Taguchi Method ◽  
Risk Indicator ◽  
Project Risk ◽  
Strategic Risk ◽  
Dempster Shafer Theory ◽  
Shafer Theory ◽  
Theory Of Evidence ◽  
Reduced Risk

In this paper, a new hybrid AHP and Dempster-Shafer Theory of Evidence is presented for solving the problem of choosing the best project among a list of available alternatives while uncertain risk factors are taken into account. The aim is to minimize overall risks. For this purpose, four groups of risk factors, including Properties, Operational and Technological, Financial, Strategic risk factors, are considered. Then using an L24 Taguchi method, several experiments with various dimensions have been designed and solved by the proposed algorithm. The outcomes are then analyzed using the Validating Index (VI), Reduced Risk Indicator (R.R.I%), and Solving time. The findings indicated that, compared to the classic AHP, the results of the proposed hybrid method were different in most cases due to uncertainty of risk factors. It was observed that the method could be safely used for selecting project problems in real industries.

Methodical maintenance of strategic risk assessment of innovative activity of commercial bank

10.12737/2202 ◽  
2014 ◽  
Vol 3 (4) ◽  
pp. 177-185
Author(s):  
Ерошкин ◽  
Yuriy Eroshkin
Keyword(s):  
Risk Assessment ◽  
Strategic Management ◽  
Commercial Bank ◽  
Balanced Scorecard ◽  
Cognitive Modeling ◽  
Internet Banking ◽  
Innovative Activity ◽  
Strategic Risk ◽  
Strategic Goals

One of recognized competence in our country strategic management methods is balanced scorecard, by which measures aimed at achieving the strategic goals of the company are developed. In this article, based on a balanced scorecard, approach to modeling of strategic Internet banking using techniques of cognitive modeling is sugges-ted. This approach allows you to set barriers to inefficient solutions and find ways to reduce risks.

Characterizing Environmental Harm: Developments in an Approach to Strategic Risk Assessment and Risk Management

Risk Analysis ◽  
2004 ◽  
Vol 24 (6) ◽  
pp. 1551-1560 ◽  
Author(s):  
Simon J. T. Pollard ◽  
Ray V. Kemp ◽  
Mark Crawford ◽  
Raquel Duarte‐Davidson ◽  
James G. Irwin ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Environmental Harm ◽  
Strategic Risk
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