Determinants of adoption level of risk management strategies by fish farmers in Degema Local Government Area of Rivers State, Nigeria

The increased incidences of farming risks have been a challenge among smallholder farmers in Nigeria. This study set out to assess risk management strategies among arable crop farmers in Owerri West Local Government Area of Imo State, Nigeria. The proportion of risk in arable crop production and the factors that influence risk in arable crop production in the study area were specifically estimated. Primary data used for the study were collected with the aid of well-structured questionnaire from eighty-four farmers in the study area. Data were analyzed using descriptive and inferential statistics. The result revealed that majority of the arable crop farmers (52.4%) were females. The average age and household size were 54 years and 5 persons respectively. Educational level, age, farming experience, farm size, household size and farm income were the factors influencing the estimated output of the farmers due to the prevalence of risk in arable crop production. The study recommended the continuous education of arable crop farmers in the area so as to increase their capacity to deal with risk on their farms.

Download Full-text

Determinants of adoption of risk management strategies in electronic banking among agro-entrepreneurs in Ughelli North Local Government Area of Delta State, Nigeria

Agro-Science ◽

10.4314/as.v18i3.4 ◽

2019 ◽

Vol 18 (3) ◽

pp. 19

Author(s):

V.C. Ugwuja ◽

O Onavwie

Keyword(s):

Risk Management ◽

Local Government ◽

Management Strategies ◽

Local Government Area ◽

Electronic Banking ◽

Risk Management Strategies

Download Full-text

Assessing the vulnerability of buildings to tsunami in Sydney

Natural Hazards and Earth System Science ◽

10.5194/nhess-9-2015-2009 ◽

2009 ◽

Vol 9 (6) ◽

pp. 2015-2026 ◽

Cited By ~ 36

Author(s):

F. Dall'Osso ◽

M. Gonella ◽

G. Gabbianelli ◽

G. Withycombe ◽

D. Dominey-Howes

Keyword(s):

Risk Management ◽

Local Government ◽

Management Strategies ◽

Significant Proportion ◽

Building Design ◽

Building Vulnerability ◽

Worst Case ◽

Risk Management Strategies ◽

Vulnerability Of Buildings ◽

Relative Vulnerability

Abstract. Australia is vulnerable to the impacts of tsunamis and exposure along the SE coast of New South Wales is especially high. Significantly, this is the same area reported to have been affected by repeated large magnitude tsunamis during the Holocene. Efforts are under way to complete probabilistic risk assessments for the region but local government planners and emergency risk managers need information now about building vulnerability in order to develop appropriate risk management strategies. We use the newly revised PTVA-3 Model (Dall'Osso et al., 2009) to assess the relative vulnerability of buildings to damage from a "worst case tsunami" defined by our latest understanding of regional risk – something never before undertaken in Australia. We present selected results from an investigation of building vulnerability within the local government area of Manly – an iconic coastal area of Sydney. We show that a significant proportion of buildings (in particular, residential structures) are classified as having "High" and "Very High" Relative Vulnerability Index scores. Furthermore, other important buildings (e.g., schools, nursing homes and transport structures) are also vulnerable to damage. Our results have serious implications for immediate emergency risk management, longer-term land-use zoning and development, and building design and construction standards. Based on the work undertaken here, we recommend further detailed assessment of the vulnerability of coastal buildings in at risk areas, development of appropriate risk management strategies and a detailed program of community engagement to increase overall resilience.

Download Full-text

Judging the Risk of Financial Instruments: Problems and Potential Remedies

The Accounting Review ◽

10.2308/accr.2005.80.3.871 ◽

2005 ◽

Vol 80 (3) ◽

pp. 871-895 ◽

Cited By ~ 58

Author(s):

Lisa Koonce ◽

Marlys Gascho Lipe ◽

Mary Lea McAnally

Keyword(s):

Risk Management ◽

Management Strategies ◽

Financial Instruments ◽

Financial Instrument ◽

Additional Information ◽

Risk Management Strategies ◽

Series Of Experiments ◽

Risk Judgments ◽

Risk Disclosures ◽

Level Of Risk

Information that firms provide about financial instruments and derivatives should help investors judge risk. However, this paper reports that such information often is not effective for this purpose. Through a series of experiments, we demonstrate that the labels firms use to describe financial instruments and derivatives cause investors to assess economically equivalent instruments as different in terms of risk. We also show that loss-only disclosures that companies use to describe their risks cause investors to assess the same level of risk for firms with differing underlying exposures. Moreover, we establish that loss-only disclosures cause investors to make risk judgments that correspond to infrequently used risk-management strategies. We test two possible remedies for these judgment problems. Our results show that additional information describing the underlying economic exposures of a financial instrument does not eliminate the labeling effects. However, we do find that providing investors with upside and downside (i.e., two-sided) risk disclosures help them distinguish among firms using different risk-management strategies.

Download Full-text

Helping supervisees learn ethically based risk management strategies

PsycEXTRA Dataset ◽

10.1037/e500672008-001 ◽

2008 ◽

Author(s):

Samuel Knapp

Keyword(s):

Risk Management ◽

Management Strategies ◽

Risk Management Strategies

Download Full-text

The management of risk in a dryland environment

Proceedings of the New Zealand Grassland Association ◽

10.33584/jnzg.2011.73.2835 ◽

2011 ◽

pp. 13-21

Author(s):

D.I. Gray ◽

J.I. Reid ◽

D.J. Horne

Keyword(s):

Risk Management ◽

Service Providers ◽

Management Strategies ◽

Subterranean Clover ◽

Farming Systems ◽

Market Risk ◽

Farm Size ◽

Forage Crops ◽

Risk Management Strategies ◽

Upside Risk

A group of 24 Hawke's Bay hill country farmers are working with service providers to improve the resilience of their farming systems. An important step in the process was to undertake an inventory of their risk management strategies. Farmers were interviewed about their farming systems and risk management strategies and the data was analysed using descriptive statistics. There was considerable variation in the strategies adopted by the farmers to cope with a dryland environment. Importantly, these strategies had to cope with three types of drought and also upside risk (better than expected conditions), and so flexibility was critical. Infra-structure was important in managing a dryland environment. Farmers chose between increased scale (increasing farm size) and geographic dispersion (owning a second property in another location) through to intensification (investing in subdivision, drainage, capital fertiliser, new pasture species). The study identified that there may be scope for further investment in infra-structural elements such as drainage, deeper rooting alternative pasture species and water harvesting, along with improved management of subterranean clover to improve flexibility. Many of the farmers used forage crops and idling capacity (reduced stocking rate) to improve flexibility; others argued that maintaining pasture quality and managing upside risk was a better strategy in a dryland environment. Supplementary feed was an important strategy for some farmers, but its use was limited by contour and machinery constraints. A surprisingly large proportion of farmers run breeding cows, a policy that is much less flexible than trading stock. However, several farmers had improved their flexibility by running a high proportion of trading cattle and buffer mobs of ewe hoggets and trade lambs. To manage market risk, the majority of farmers are selling a large proportion of their lambs prime. Similarly, cattle are either sold prime or store onto the grass market when prices are at a premium. However, market risk associated with the purchase of supplements and grazing was poorly managed.

Download Full-text

The Effects of Decision Aid Orientation on Risk Factor Identification and Audit Test Planning

Auditing A Journal of Practice & Theory ◽

10.2308/aud.2002.21.2.39 ◽

2002 ◽

Vol 21 (2) ◽

pp. 39-56 ◽

Cited By ~ 29

Author(s):

Jean C. Bedard ◽

Lynford E. Graham

Keyword(s):

Risk Factors ◽

Risk Management ◽

Decision Aid ◽

Decision Aids ◽

Management Strategies ◽

Risk Identification ◽

Matched Pair ◽

Audit Planning ◽

Audit Firms ◽

Risk Management Strategies

In auditing, risk management involves identifying client facts or issues that may affect engagement risk, and planning evidence-gathering strategies accordingly. The purpose of this paper is to examine whether auditors' identification of risk factors and planning of audit tests is affected by decision aid orientation, i.e., a “negative” focus wherein client risk and its consequences are emphasized, or a “positive” focus where such factors are not emphasized. Specifically, we expect that auditors will identify more risk factors using a negatively oriented risk identification decision aid, but only when engagement risk is relatively high. We address this issue in the context of auditors' knowledge of actual clients, manipulating decision aid orientation as negative or positive in a matched-pair design. Results show that auditors using the negative decision aid orientation identify more risk factors than do those using a positive orientation, for their higher-risk clients. We also find that decisions to apply substantive tests are more directly linked to specific risk factors identified than to direct risk assessments. Further, our results show that auditors with repeat engagement experience with the client identify more risk factors. The findings of this study imply that audit firms may improve their risk management strategies through simple changes in the design of decision aids used to support audit planning.

Download Full-text

Evaluation of Physical Risk during Necropsy and Morgue Activities as Risk Management Strategy

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph18168266 ◽

2021 ◽

Vol 18 (16) ◽

pp. 8266

Author(s):

Zoe Del Fante ◽

Nicola Di Fazio ◽

Adriano Papale ◽

Paola Tomao ◽

Fabio Del Duca ◽

...

Keyword(s):

Risk Factors ◽

Risk Management ◽

Management Strategies ◽

Risk Management Strategy ◽

Work Related ◽

Activity Measurements ◽

Risk Management Strategies ◽

Physical Risk ◽

Critical Issues ◽

Load Handling

Physical risk assessments allow us to understand work-related critical issues, thus representing a useful tool in risk management strategies. In particular, our study focuses on the identification of already known and emerging physical risks related to necropsy and morgue activities, as well as crime scene investigations. The aim of our study is, therefore, to identify objective elements in order to quantify exposure to such risk factors among healthcare professionals and working personnel. For the research of potentially at-risk activities, data from the Morgue of Policlinico Umberto I Hospital in Rome were used. The scientific literature has been reviewed in order to assess the risks associated with morgue activity. Measurements were performed on previously scheduled days, in collaboration with the activities of different research units. The identified areas of risk were: microclimate; exposure to noise and vibrations; postural and biomechanical aspects of necropsy activities. The obtained results make it possible to detect interindividual variability in exposure to many of the aforementioned risk factors. In particular, the assessment of microclimate did not show significant results. On the contrary, exposure to vibrations and biomechanical aspects of load handling have shown potential risk profiles. For this reason, both profiles have been identified as possible action targets for risk management strategies.

Download Full-text