scholarly journals Economic Decision-Making and Risk Management

2021 ◽  
Vol 10 (4) ◽  
pp. 1-25
Author(s):  
Brian J. Galli
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Management Practices ◽  
Financial Sector ◽  
The United States ◽  
Regulatory Agencies ◽  
National Corporation ◽  
Economic Decision Making ◽  
Recent Financial Crisis

Because of the recent financial crisis in the United States that shook the financial sector, the need for adopting effective Risk Management practices has increased. Essentially, the volatility of the sector calls for an augmented re-evaluation of the framework, as well as the components of uncertainty management practices by commercial banks, regulatory agencies, and scholars. By doing so, the stakeholders in the financial sector would ensure the conformity to the best practices. To further fortify this, the research herein uses the Ames National Corporation (ANC), which is a commercial Bank in Iowa, USA, as a case study. The institution risk profile and risk management practices are evaluated to give insights on conforming to the best international practices. The research also seeks to establish whether effective risk management results in enhanced performance and profitability for financial institutions.Stating areas on which further research should be conducted is how the study is concluded.

scholarly journals Economic Decision-Making and Risk Management

2021 ◽  
Vol 10 (4) ◽  
pp. 0-0
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Management Practices ◽  
Financial Sector ◽  
The United States ◽  
Regulatory Agencies ◽  
National Corporation ◽  
Economic Decision Making ◽  
Recent Financial Crisis

Because of the recent financial crisis in the United States that shook the financial sector, the need for adopting effective Risk Management practices has increased. Essentially, the volatility of the sector calls for an augmented re-evaluation of the framework, as well as the components of uncertainty management practices by commercial banks, regulatory agencies, and scholars. By doing so, the stakeholders in the financial sector would ensure the conformity to the best practices. To further fortify this, the research herein uses the Ames National Corporation (ANC), which is a commercial Bank in Iowa, USA, as a case study. The institution risk profile and risk management practices are evaluated to give insights on conforming to the best international practices. The research also seeks to establish whether effective risk management results in enhanced performance and profitability for financial institutions.Stating areas on which further research should be conducted is how the study is concluded.

scholarly journals Economic Decision-Making and Risk Management–A Relation Between From the Banking Perspective

2021 ◽  
Vol 10 (4) ◽  
pp. 0-0
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Management Practices ◽  
Financial Sector ◽  
The United States ◽  
Regulatory Agencies ◽  
National Corporation ◽  
Economic Decision Making ◽  
Recent Financial Crisis

Because of the recent financial crisis in the United States that shook the financial sector, the need for adopting effective Risk Management practices has increased. Essentially, the volatility of the sector calls for an augmented re-evaluation of the framework, as well as the components of uncertainty management practices by commercial banks, regulatory agencies, and scholars. By doing so, the stakeholders in the financial sector would ensure the conformity to the best practices. To further fortify this, the research herein uses the Ames National Corporation (ANC), which is a commercial Bank in Iowa, USA, as a case study. The institution risk profile and risk management practices are evaluated to give insights on conforming to the best international practices. The research also seeks to establish whether effective risk management results in enhanced performance and profitability for financial institutions.Stating areas on which further research should be conducted is how the study is concluded.

scholarly journals Risk management focusing on the best practices of data security systems for healthcare

2021 ◽  
Vol 9 (1) ◽  
pp. 45-78
Author(s):  
Fábio Martins Dias ◽  
Mauro Luiz Martens ◽  
Sonia Francisca de Paula Monken ◽  
Luciano Ferreira da Silva ◽  
Ernesto Del Rosario Santibanez-Gonzalez
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Data Security ◽  
Management Practices ◽  
The United States ◽  
Healthcare Sector ◽  
Security Systems ◽  
Healthcare Data ◽  
Source Selection ◽  
Minimum Requirements

Objective of the study: Statistics shows a worrisome picture of challenges to be overcome by cybersecurity in the healthcare sector. Data evidence that the healthcare industry experiences four data breaches per week in the United States alone, making it the sector most often affected by digital security breaches. Thus, the current article aims to investigate risk management focusing on identifying requirements and best practices for healthcare data security systems.Methodology/approach: It is based on a systematic literature review. Studies on state-of-the-art data security systems were collected and interpreted through content analysis. Assertive keywords, source-selection criteria, interpretation of selected articles, and database analysis were used to form the investigated sample and to represent the broad applications of this study’s objective.Originality/Relevance: The current study contributes to define a set of minimum requirements and best practices that can be adopted to manage data security risks in the healthcare sector and medical devices.Main results: Results have pointed out that there is no fully effective way to prevent all violations by cybercriminals; however, cybersecurity must be part of management processes adopted by different organizations.Theoretical/methodological contributions: It is found that cybersecurity has a great importance for the healthcare sector, the information generated is rich in content and that cybersecurity is neglected in the sector, that is not able to deal with the reality of cyber threats in the industry 4.0 context.Social /management contributions: By the good risk management practices and the adoption of minimum security items, institutions can ensure that managers can prepare and respond efficiently to cyber risks.

Financial Regulation and Risk Management in Development Banks

2018 ◽  
Author(s):  
Lavinia Barros de Castro
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Financial Regulation ◽  
Regulatory Agencies ◽  
Private Banks ◽  
Development Banks ◽  
Suitable Framework ◽  
Habitual Responses ◽  
Different Characteristics

Should development banks (DBs) be regulated? Is Basel regulation a suitable framework for them? With regard to risk management, do DBs entail different characteristics from private banks? What are the main challenges posed by the new Basel regulations for DBs? This chapter explores these largely unexplored questions and the habitual responses to them. The answers are built upon a reconstruction of the theoretical arguments in favour of financial regulation; a historical description of the evolution of the Basel Agreements framework; a few analytical generalizations built upon an exploratory case study; and a review of the literature on risk management practices in DBs as well as interviews with risk management specialists and Brazilian regulatory agencies.

Institutional logics and risk management practices in government entities: evidence from Saudi Arabia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peter Murr ◽  
Nieves Carrera
Keyword(s):  
Risk Management ◽  
Saudi Arabia ◽  
Management Practices ◽  
Single Case ◽  
Institutional Logics ◽  
Content Type ◽  
Traditional Logic ◽  
Adoption And Implementation ◽  
The Government

Purpose This study aims to understand how institutional logics influence the adoption and implementation of risk management (RM) practices by government entities in a non-western, developing country. Design/methodology/approach This study draws on the institutional logics perspective (ILP) to analyze a case study of a government entity in Saudi Arabia. Data were obtained from semi-structured interviews, observations and documentary evidence. Findings Findings suggest that the adoption and implementation of RM projects by Saudi governmental agencies was rooted in a traditional logic, even though the catalyst of the government for adopting a RM culture across government agencies was framed within a reform program inspired by a modernization logic. In the entity under investigation, the RM project led to an unstable situation where actors were confronted with these two competing logics. Although the project used manifestations of a modernization logic, the actions of individuals within the organization were embedded in a traditional logic. Research limitations/implications The study is based on a single case study in a specific country, limiting the generalizability of the findings. Originality/value This study provides novel evidence of the adoption and implementation of RM in governmental entities in a developing, non-western, country using ILP. Doing so enhances our knowledge about how managers struggle with competing institutional logics in an underexplored setting and enriches current accounts of key drivers and barriers of RM. It also addresses calls for a deeper understanding of the logics and managerial practices interplay in the public sector.

Planning for and Managing iPads in a PreK-4th Grade Independent, Co-Educational Elementary School

2015 ◽  
pp. 156-174
Author(s):  
Natalie B. Milman ◽  
Angela Carlson-Bancroft ◽  
Amy E. Vanden Boogart
Keyword(s):  
United States ◽  
Elementary School ◽  
Classroom Management ◽  
Management Practices ◽  
Planning Process ◽  
The United States ◽  
First Year ◽  
Management Techniques ◽  
Effective Integration

This chapter chronicles the planning and classroom management practices of the first-year implementation of a 1:1 iPad initiative in a suburban, co-educational, independent, PreK-4th grade elementary school in the United States that was examined through a mixed methods QUAL ? QUAN case study. Findings demonstrate that the school's administrators and teachers engaged in pre-planning activities prior to the implementation of the iPad initiative, teachers viewed the iPads as tools in the planning process (iPads were not perceived as the content or subject to be taught/learned), and teachers flexibly employed different classroom management techniques and rules as they learned to integrate iPads in their classrooms. Additionally, the findings reveal the need for continuous formal and informal professional development that offers teachers multiple and varied opportunities to share their planning and classroom management practices, build their confidence and expertise in effective integration of iPads, and learn with and from one another.

Planning for and Managing iPads in a PreK-4th Grade Independent, Co-Educational Elementary School

2016 ◽  
pp. 683-701
Author(s):  
Natalie B. Milman ◽  
Angela Carlson-Bancroft ◽  
Amy E. Vanden Boogart
Keyword(s):  
United States ◽  
Elementary School ◽  
Classroom Management ◽  
Management Practices ◽  
Planning Process ◽  
The United States ◽  
First Year ◽  
Management Techniques ◽  
Effective Integration

This chapter chronicles the planning and classroom management practices of the first-year implementation of a 1:1 iPad initiative in a suburban, co-educational, independent, PreK-4th grade elementary school in the United States that was examined through a mixed methods QUAL ? QUAN case study. Findings demonstrate that the school's administrators and teachers engaged in pre-planning activities prior to the implementation of the iPad initiative, teachers viewed the iPads as tools in the planning process (iPads were not perceived as the content or subject to be taught/learned), and teachers flexibly employed different classroom management techniques and rules as they learned to integrate iPads in their classrooms. Additionally, the findings reveal the need for continuous formal and informal professional development that offers teachers multiple and varied opportunities to share their planning and classroom management practices, build their confidence and expertise in effective integration of iPads, and learn with and from one another.

Development of a Risk Register Spreadsheet Tool for Enterprise- and Program-Level Risk Management

2017 ◽  
Vol 2604 (1) ◽  
pp. 19-27 ◽  
Author(s):  
John Patrick O'Har ◽  
Christopher W. Senesi ◽  
Keith R. Molenaar
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Good Practice ◽  
The United States ◽  
Additional Information ◽  
Enterprise Risk ◽  
Survey Results ◽  
Enterprise Level ◽  
Staff Commitment ◽  
Departments Of Transportation

Enterprise risk management is an area of growing interest for state departments of transportation in the United States. This research developed a risk register spreadsheet tool—applicable at the enterprise and program levels—that supports the user in identifying risk events, defining risk categories, and assessing the likelihood (probability) and consequence (effect) of an event occurring. A state-of-the-practice survey was conducted with regard to the use of risk register tools to support enterprise- and program-level risk management at U.S. state departments of transportation, international transportation agencies, and nontransportation organizations. On the basis of the survey results and to further inform development of the risk register tool, several organizations were selected for in-depth interviews to gather additional information on their risk management practices and use of risk register tools. The resultant risk register reflects information from the interviews and examples provided by the participants. The spreadsheet-based risk register is an editable template that does not use any macros or custom code. In addition to the editable template, two prepopulated examples—one for enterprise-level risk management and one for program-level risk management—were created. While the risk register tool can help facilitate good practice risk management, the findings of this research indicate that an organization's risk management governance along with staff commitment, availability, and capability to support risk management activities are equally, if not more, important to effective risk management as the risk register tool itself.

scholarly journals Effectiveness of Enterprise Risk Management Practices: A Case Study

2019 ◽  
Vol 10 (2) ◽  
pp. 213
Author(s):  
Hafizah Zainol Abidin ◽  
Siti Zaleha Abdul Rasid ◽  
Haliyana Khalid ◽  
Rohaida Basiruddin ◽  
Shathees Baskaran
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Gap Analysis ◽  
Enterprise Risk Management ◽  
Web Based ◽  
Enterprise Risk ◽  
Telecommunication Companies ◽  
Planning Development ◽  
Current Risk

Enterprise risk management (ERM) is used to manage, integrate and aggregate all types of risks encountered by the concerned organisation. Despite having established framework and guidelines, the implementation of ERM at divisional level seemed to be lacking. There are gaps in the actual risk management practices that need to be studied and narrowed to ensure a more effective implementation of risk management. Therefore, the objective of this study is to identify characteristics of effective risk management practices and to gauge the effectiveness level at a telecommunication company. The gaps between the actual practices and the expected practices based on twenty-four (24) identified characteristics are identified and compared upon before recommendations are made to close the gaps and further enhance the risk management practices. For the purpose of this research the self-administered, web-based questionnaires were distributed to a total number of 130 engineers who were actively involved with network infrastructure planning, development and maintenance. The feedbacks received indicated that the respondents agreed with the identified characteristics of effective risk management practices and generally agreed that the effectiveness level of current risk management practices in the company is moderate or average. Furthermore, the gap analysis based on the variances indicates that there are rooms for further improvement. The study is important for more effective risk management practices in telecommunication companies. 

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