scholarly journals Risk Management in Agricultural Holdings in Bulgaria

2021 ◽  
Vol 27 (3) ◽  
pp. 70-83
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Management Strategies ◽  
Integrated Approach ◽  
Methodological Framework ◽  
Economic Activities ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
Process Risk ◽  
The Government

The developing uncertainties, risks and crises related to the natural environment, technology, economic and political environment, as well as globalization, still pose a challenge to addressing risk management in the agricultural sector in Bulgaria. The purpose of the article is to make an analysis of risk management in agricultural holdings and, on this basis, to identify generalized conclusions and suggestions for improving the process. Risk management often depends on the economic activities and internal attitudes of farm managers. The methodological framework of the study includes: 1) Theoretical review of risk management in the agricultural sector, identifying the sources of uncertainty and risk, the ability of farmers to use different risk management strategies, as well as the dependence of risk management on the perceptions of farmers and the measures taken by the government; 2) Methodological framework of the study of risk management in agricultural holdings; 3) Recommendations for improving the risk management process. The analyses in the article present the results of university project NI 16/2018 Integrated approach to risk management in the agricultural sector.

scholarly journals Bankruptcy Prevention Strategies in the Context of Risk Management

2021 ◽  
Vol 1 (47) ◽  
pp. 91-97
Author(s):  
O. Y. Sova ◽  
◽  
Y. Y. Morozov ◽  
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
International Standards ◽  
Enterprise Management ◽  
Economic Activities ◽  
Business Units ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
Business Entities ◽  
The Impact

The article aims at summarizing the existing risk management strategies helping to prevent bankruptcy and liquidation of enterprises, taking into account modern environmental challenges and the impact of the COVID-19 pandemic on the performance of business units. As a result of the study, tactical and strategic methods of risk management were identified. The components of the risk management process are identified in accordance with international standards. The main types of enterprise management strategies in crisis situations are described, highlighting the ERM approach, together with its main differences and advantages for its use at enterprises. Statistical data on the number of business entities in Ukraine and the number of bankruptcy proceedings in 2016-2020 are analyzed. It is emphasized that the goals and main tasks of the state policy of the Ministry of Justice of Ukraine for 2021-2023 include the introduction of transparent bankruptcy procedures, which will quickly restore the debtor's solvency or fairly distribute the bankrupt's assets among creditors. Changes to the procedure for initiating bankruptcy proceedings of a legal entity, defined by the Bankruptcy Procedure Code of Ukraine, are suggested. Threats to businesses engaged in foreign economic transactions are presented based on an overall assessment of the global impact of risk scenarios on business (GBI). It is proven that the rationalization of strategic planning instruments and the implementation of a systemic approach to the crisis management of an entity, in general, and its financial and economic activities, in particular, influence greatly the effectiveness of restoring the financial solvency of that entity in a crisis situation. Determining the effectiveness of state support programs for carrying out business activity in the pandemic, and assessing the medium-term effectiveness of measures taken by government agencies make up the directions for further research.

scholarly journals Farmers’ Demand for Informal Risk Management Strategy and Weather Index Insurance: Evidence from China

2021 ◽  
Author(s):  
Yingmei Tang ◽  
Huifang Cai ◽  
Rongmao Liu
Keyword(s):  
Risk Management ◽  
Field Experiments ◽  
Management Strategies ◽  
Insurance Companies ◽  
Index Insurance ◽  
Insurance Demand ◽  
Weather Index ◽  
Weather Index Insurance ◽  
Risk Management Strategies ◽  
The Government

AbstractIn the absence of formal risk management strategies, agricultural production in China is highly vulnerable to climate change. In this study, field experiments were conducted with 344 households in Heilongjiang (Northeast China) and Jiangsu (East China) Provinces. Probit and logistic models and independent sample T-test were used to explore farmers’ demand for weather index insurance, in contrast to informal risk management strategies, and the main factors that affect demand. The results show that the farmers prefer weather index insurance to informal risk management strategies, and farmers’ characteristics have significant impacts on their adoption of risk management strategies. The variables non-agricultural labor ratio, farmers’ risk perception, education, and agricultural insurance purchase experience significantly affect farmers’ weather index insurance demand. The regression results show that the farmers’ weather index insurance demand and the influencing factors in the two provinces are different. Farmers in Heilongjiang Province have a higher participation rate than those in Jiangsu Province. The government should conduct more weather index insurance pilot programs to help farmers understand the mechanism, and insurance companies should provide more types of weather index insurance to meet farmers’ diversified needs.

scholarly journals The December 2004-January 2005 floods in the Garden Route region of the Southern Cape, South Africa

2009 ◽  
Vol 2 (2) ◽  
Author(s):  
Johan Tempelhoff ◽  
Dewald Van Niekerk ◽  
Elize Van Eeden ◽  
Ina Gouws ◽  
Karin Botha ◽  
...  
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Local Development ◽  
Management Strategies ◽  
Early Warning Systems ◽  
Disaster Risk ◽  
Disaster Risk Management ◽  
Economic Activities ◽  
Risk Management Strategies ◽  
Infrastructure Maintenance

The December 2004-January 2005 floods in the Garden Route region of the Southern Cape in South Africa have had a significant impact on local development and economic activities, tourism products andlocal institutions. This article aims to capture the dynamism between a number of related fields within the context of transdisciplinary research. Qualitative research methods were used to target a representative sample of the affected population. This article considers the history of the flooding events of December 2004/January 2005 along the Garden Route, as well as the manner in which emergency/disaster management personnel responded to the crisis. The effect of the floods on the tourism sector along the Garden Route was researched in general and the effects of the floods on tourists, local residents, and particularly communities in disadvantaged areas were specifically determined. The research reflects on the disaster risk management strategies that were in place at the time of the floods to determine what local authorities could have done to cope with the potential conditions of crisis. The research found that although some tourism products were severely affected, the 2004/2005 floods did not have a significant impact on the number of tourists frequenting the area. In terms of disaster risk management, concerns remain regarding the lack of the following factors: capacity, adequate early warning systems, proper infrastructure maintenance, local institutions, and an in-depth understanding of the disaster risk profile of the area.

scholarly journals Twenty years of Hendra virus: laboratory submission trends and risk factors for infection in horses

2016 ◽  
Vol 144 (15) ◽  
pp. 3176-3183 ◽  
Author(s):  
C. S. SMITH ◽  
A. McLAUGHLIN ◽  
H. E. FIELD ◽  
D. EDSON ◽  
D. MAYER ◽  
...  
Keyword(s):  
Risk Management ◽  
Animal Health ◽  
Management Strategies ◽  
Case Definition ◽  
Hendra Virus ◽  
Reference Laboratory ◽  
Detection Rates ◽  
Laboratory Staff ◽  
Risk Management Strategies ◽  
The Government

SUMMARYHendra virus (HeV) was first described in 1994 in an outbreak of acute and highly lethal disease in horses and humans in Australia. Equine cases continue to be diagnosed periodically, yet the predisposing factors for infection remain unclear. We undertook an analysis of equine submissions tested for HeV by the Queensland government veterinary reference laboratory over a 20-year period to identify and investigate any patterns. We found a marked increase in testing from July 2008, primarily reflecting a broadening of the HeV clinical case definition. Peaks in submissions for testing, and visitations to the Government HeV website, were associated with reported equine incidents. Significantly differing between-year HeV detection rates in north and south Queensland suggest a fundamental difference in risk exposure between the two regions. The statistical association between HeV detection and stockhorse type may suggest that husbandry is a more important risk determinant than breedper se. The detection of HeV in horses with neither neurological nor respiratory signs poses a risk management challenge for attending veterinarians and laboratory staff, reinforcing animal health authority recommendations that appropriate risk management strategies be employed for all sick horses, and by anyone handling sick horses or associated biological samples.

scholarly journals Perceptions of wheat producers towards risk and risk management strategies: A case study from Turkey

2019 ◽  
Vol 49 (12) ◽  
Author(s):  
Seyit Hayran
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Policy Instruments ◽  
Data Set ◽  
Wheat Market ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
The Government ◽  
The Impact

ABSTRACT: In this study, risk perception of wheat producers in Turkey was examined based on a case study conducted in Bitlis Province. The data set used in the study was obtained from 157 farmers randomly. Factor analysis was employed to classify risk sources and management strategies, and then multiple regression was used to investigate the relationship between farmers perceptions and some characteristic. Results of this study have shown that economic-based risks were perceived more strongly by farmers. Farmers’ also used more than one risk management strategy to minimize the impact of the risks they face. So, in order to ensure social and economic sustainability and predictability in wheat production and wheat market, the government should be considered preventive policy instruments and interventions to prevent fluctuations in input and output prices.

Service Risk Management in Emerging Economies

2017 ◽  
pp. 90-115
Author(s):  
Yilmaz Akgunduz
Keyword(s):  
Risk Management ◽  
Emerging Economies ◽  
Management Strategies ◽  
Economic Structure ◽  
Management Process ◽  
Negative Effects ◽  
Developed Economies ◽  
Risk Management Process ◽  
Risk Management Strategies

The economies of countries face various risks depending on the environmental conditions. While some of these risks do not pose very serious negative effects on developed economies, they may be destructive on non-developed, underdeveloped or emerging economies. Risk management is accepted as a process for all economies. The risk management process starts with the determination of the risks, and goes on with the assessments of the risks, the determination of various strategies that may respond to the risks; and the application of the most suitable one from among these strategies. In risk management, in order to respond to the risk, emerging economies may select one of the methods like tolerating the risk (accepting it), managing it, transferring, eliminating or making use of its opportunities. In this chapter, the risk management strategies have been explained, examples are given from Turkey, which is has many characteristics of an emerging economic structure.

scholarly journals Economic Sustainability and Multiple Risk Management Strategies: Examining Interlinked Decisions of Small American Farms

2021 ◽  
Vol 13 (4) ◽  
pp. 1741
Author(s):  
Sudip Adhikari ◽  
Aditya R. Khanal
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Economic Sustainability ◽  
Small Farms ◽  
Strategic Decisions ◽  
Multiple Factors ◽  
Risk Management Strategies ◽  
Land Holdings ◽  
Multivariate Probit Models ◽  
The Government

Economic viability of small farms and farming businesses depends on multiple factors. These farms have limited production and financial resources to maintain their operation. Therefore, to sustain farming, adopting appropriate risk management strategies is a pivotal decision for small farmers. We surveyed Tennessee’s small farms and utilized multivariate probit models to study factors influencing the adoption of various risk management strategies. Our findings suggest that the decisions related to the adoption of risk management strategies are significantly interlinked. Along with factors representing the operator’s age, education, and farm operator’s income and land holdings, we also found that the government incentives (payments), smartphones, and farmers’ continuation plan significantly influence the strategic decisions of adopting risk management strategies.

scholarly journals Perception and risk management strategies for ranchers and their determinants: a case study from Turkey

2021 ◽  
Vol 51 (6) ◽  
Author(s):  
Seyit Hayran ◽  
Murak Külekçi ◽  
Aykut Gül
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Farm Income ◽  
Least Squares Regression ◽  
Data Set ◽  
Income Uncertainty ◽  
Perceptions Of Risk ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
The Government

ABSTRACT: In this study, beef cattle farmers’ perceptions of risk and risk management strategies, and their determinants were analyzed using factor analysis and partial least squares regression analysis. The data set used in this study came from a survey conducted in Erzurum Province. The results demonstrated that variability in fodder price, insufficient farm income, uncertainty in government policies were perceived as the most important risks. Clean cattle shelter, off-farm income, monitoring and preventing livestock diseases were perceived as the most important risk management strategies. Results, also, demonstrated that some characteristics of farmers affected farmers’ perceptions. In this study, it was identified that the most important risk sources were economics-based. So, it was recommended that the government policy should be focused on preventing the fluctuations in input/output prices.

scholarly journals Slope Remediation Techniques and Overview of Landslide Risk Management

2017 ◽  
Vol 3 (3) ◽  
pp. 180-189 ◽  
Author(s):  
Danish Kazmi ◽  
Sadaf Qasim ◽  
I.S.H Harahap ◽  
Syed Baharom ◽  
Mudassir Mehmood ◽  
...  
Keyword(s):  
Risk Management ◽  
Slope Failure ◽  
Management Strategies ◽  
Slope Instability ◽  
Landslide Risk ◽  
Risk Management Strategy ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
And Control ◽  
Selection Of

Slope failures are common in many parts of the world which occur due to manifold reasons and they result in huge losses to the respective locals. This study evaluates the initiatives that can enhance the safety of slope by considering the remedial measures to deal with the factors causing slope instability and discusses the application of risk management strategies to address the problems that can cause the slope to fail. The methods for the remediation of slope include modification in slope geometry, drainage, use of retaining structures and internal slope reinforcement. This study also discusses the risk management process which is a hierarchical procedure that includes assessment and control of risk through different techniques in order to manage the uncertainties associated with the slope. It has been observed that the implementation of risk management strategy aids in the proper identification of risk and its severity which dictates the selection of appropriate remedial measure for the rectification of slope. For reducing the number of landslides, this study suggests the use of risk based strategies to curtail the chances of slope failure.

Management of Credit Activities and their Effects on Commercial Banks’ Credit Risk in Indonesia

2013 ◽  
Vol 6 (1) ◽  
Author(s):  
EMANUEL KRISTIJADI ◽  
UBUD SALIM ◽  
MADE SUDARMA ◽  
DJUMAHIR DJUMAHIR
Keyword(s):  
Risk Management ◽  
Moral Hazard ◽  
Credit Risk ◽  
Commercial Banks ◽  
Management Strategies ◽  
Process Quality ◽  
Management Process ◽  
Credit Risk Management ◽  
Risk Management Process ◽  
Risk Management Strategies

The financial institution in any nation has a potential role in the economy but it can also create the risks taken by the borrowers. This study seek to test the effect of policy and credit risk management strategies, quality of human resources, information technology intensity, and moral hazard of lending staff on the credit risk management process. This is positivist approach with qualitative information to support quantitative analysis using 83 respondents of commercial banks (excluding foreign banks), collected by means of questionnaires related to respondents’ perceptions with Likert scale. The analysis was done by using Generalized Structured Component Analysis (GSCA). Results showed that credit risk management olicies can improve credit risk management strategy formulation; credit risk management strategies improves credit risk management process quality; the intensity of high IT improves credit risk management process quality; the human resource quality can less improve credit risk management process quality; moral hazard less improves credit risk management process quality; and, the high quality of credit risk management processes can reduce credit risk. It can be concluded that credit risk management process has a significant effect on credit risk. The credit risk management policy and strategy, information technology, and moral hazard are needed to support such process.Keywords: Business and Management, credit risk, Generalized StructuredComponent Analysis (GSCA), Indonesia Commercial Banks, Indonesia

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