Top Research Papers on Risk Management

Abstract Research Summary We estimate firm‐level physical risk from climate change based on managerial evaluation and firms' exposure to climate hazard events and find that climate risk results in unfavorable corporate financing terms related to bank loans (higher interest paid, higher likelihood of being required to collateralize the loan, and greater number of covenant constraints). Firms that take measures aimed at managing climate risk, including corporate climate strategy, board‐level governance, specific or integrated process to cope with climate change, climate opportunities, and climat...

Abstract Sustainable improvement is related to several key variables that count as solid and secure positions. Currently, the group of hazardous substances and inappropriate soils has created one of the most important issues of insecurity against masculinity. Consequently, unsafe substances and hazardous products have been unusually monitored by various countries. Although the safe evacuation of hazardous wastes has consistently remained an issue, the increase in collections and overall estimates of the oppressive situation created in inapplicable periods and the progress of our data and think...

Abstract Research Summary We introduce an innovative method of identifying the risk‐management benefit of corporate social responsibility (CSR). Option‐implied volatility captures the financial markets' expectations of a firm's future risk, so if CSR is related to risk‐management benefits, it should be related to lower implied volatility. We find that CSR is associated with low implied volatility and that CSR's insurance benefit is larger for firms that have high leverage, growth opportunities, or uncertainty. However, CSR as an insurance mechanism is less beneficial to firms that are already ...

Sustainability practices in a working environment represent superior quality performances, while risks remain to be a challenge. Our study’s primary purpose is to deploy the bibliometric method to analyze the related literature. Bibliometric parameters analyzed using the VOSviewer software were employed to identify citations relevant to sustainability and risk contexts’ critical themes. From 1990–2020, a reflection of 1233 documents appeared in Scopus on sustainability practices and risk management. We searched the current papers, authors, institutes, and keywords on VOSviewer. The bibliometri...

This chapter assesses extremes and abrupt or irreversible changes in the ocean and cryosphere in a changing climate, to identify regional hot spots, cascading effects, their impacts on human and natural systems, and sustainable and resilient risk management strategies. It is not comprehensive in terms of the systems assessed and some information on extremes, abrupt and irreversible changes, in particular for the cryosphere, may be found in other chapters.

This paper evaluates the effect of Enterprise Risk Management (ERM) on the performance and the financial stability of a sample of non-financial Spanish listed companies. The information about ERM is taken from the annual reports, management reports and annual corporate governance reports disseminated over four years (2012-2015). The data on performance and financial stability have been obtained through the SABI (Iberian Balance Sheet Analysis System) and Morningstar Direct. The results obtained show that the adoption of ERM is not associated with a change in the performance of Spanish companie...

Abstract The Government of Bangladesh has been successful in reducing death rates from tropical cyclones. However, in recent years, landslides have been a significant hazard, especially in the south-eastern part of Bangladesh. For example, the landslides of 2017 killed 110 people in Rangamati district. These deaths have raised an important question: whether district disaster risk governance at the local level is effective enough to mitigate the impact of landslide disasters? Based on literature review, nine good characteristics of disaster risk governance were selected (accountability, partici...

The coastal zone of Cartagena city, Colombia provides illustration for applying risk assessments as a basis for guiding coastal management. Much of this coastal reach is heavily urbanized with a few areas of suburban to rural zones. In this study 32.6 km of shoreline under the city's jurisdiction were evaluated for coastal erosion management, calculating the Hazard and Vulnerability Indexes, which together constitute the Coastal Erosion Risk Index which provides a single numerical evaluation of risk. A range of variables were utilized in the calculations including forcing processes (wave heigh...

A multidisciplinary approach is important in the management of patients with diabetes and cancer for a better outcome, and future studies are required to better understand the underlying mechanism between the risk of cancer and diabetes.

Risk management has reduced vulnerability to floods and droughts globally 1,2 , yet their impacts are still increasing 3 . An improved understanding of the causes of changing impacts is therefore needed, but has been hampered by a lack of empirical data 4,5 . On the basis of a global dataset of 45 pairs of events that occurred within the same area, we show that risk management generally reduces the impacts of floods and droughts but faces difficulties in reducing the impacts of unprecedented events of a magnitude not previously experienced. If the second event was much more hazardous than the ...

The authors provide insights to help clinicians identify and address high-risk conditions in the 20- to 39-year age range (young adults) that include tobacco use, elevated blood pressure/hypertension, family history of premature ASCVD, primary severe hypercholesterolemia, diabetes with diabetes-specific risk-enhancing factors, or the presence of multiple other risk- enhancing factors.

This review summarizes studies of the long term effects of covid-19 in hospitalized and non-hospitalized patients and describes the persistent symptoms they endure and risk factors for acute and long covid.

In this book, you will find interesting observations and professional experience provided not only by senior experts but also by medical post-graduates from 30 foreign countries who participated in the First International Meeting “Patient Safety for New Medical Generation” held in Florence on September 3, 2018. The dialogue between senior experts and post-graduates in medicine and nursing sciences is always useful; the surprising participation in this meeting allowed the WHO to present the point of view of the younger generations of doctors on the safety of care. It is no coincidence that “tea...

Exploiting a unique setting in China where internal controls are intended to manage risks, we investigate how internal controls shape the cash holding policies. Results show that firms with higher internal control quality (ICQ) are less likely to have abnormal cash holdings, either excess or deficit cash, and this effect is not driven by corporate governance quality. We also find that firms with higher ICQ are more likely to increase dividend payments and are less likely to increase M&A investments, especially when the firms have had a negative experience with prior M&A investments. Furthermor...

A taxonomy of financial-risk-management tasks and connect them with relevant machine learning methods is presented, and major challenges being faced by researchers in this area are identified.

A novel integrated cyber security risk management framework that responds to that challenge by supporting systematic identification of critical assets through the use of a decision support mechanism built on fuzzy set theory, by predicting risk types through machine learning techniques, and by assessing the effectiveness of existing controls is proposed.

A mathematical model to mitigate disruptions in a three-stage supply chain network subject to a natural disaster like COVID-19 pandemic is developed and results reveal that the PS algorithm performed better for such model than a heuristic method like GA.

Abstract Extreme weather events due to climate change and growing economic and development activities along coastlines have resulted in increased risks from natural and human-induced disasters—affecting the safety and livelihoods of coastal communities. Assessing community resilience to disasters is, therefore, an essential step toward mitigating their current and future risks. This study provides a systematic review of coastal community resilience frameworks for disaster risk management, covering their content, structure, and assessment. Sixty-four critical resilience criteria under four dime...

Drawing on lessons learned from other safety-critical technologies, this work outlines a comprehensive plan that combines technical research and development with proactive, adaptive governance mechanisms for a more commensurate preparation of AI safety research.

Together, these 2 syndromes represent the most clinically challenging manifestations of the PE spectrum and can aid in selection of appropriate management strategies, especially where gaps in evidence exist and guideline recommendations are sparse.

This review will explore the evidence linking inflammatory, pro-thrombotic, and metabolic pathways to atherosclerotic cardiovascular disease and potential future therapeutic options to attenuate residual cardiovascular risk conferred by these pathways.

A continuous improvement of cybersecurity performance and cyber investment cost analysis with a real-world cybersecurity example is illustrated and a cyber risk assessment process is discussed.

Abstract Urban flooding is a key global challenge which is expected to become exacerbated under global change due to more intense rainfall and flashier runoff regimes over increasingly urban landscapes. Consequently, many cities are rethinking their approach to flood risk management by using green infrastructure (GI) solutions to reverse the legacy of hard engineering flood management approaches. The aim of GI is to attenuate, restore, and recreate a more natural flood response, bringing hydrological responses closer to pre‐urbanized conditions. However, GI effectiveness is often difficult to ...

Comprehensive history, physical examination, and assessment of functional capacity during daily life should be performed prior to noncardiac surgery to assess cardiovascular risk, and statins are associated with fewer postoperative cardiovascular complications and lower mortality.

Increasing global population demands modernization in agricultural production to achieve sustainable food security. The frequent pest infestation causes a significant economic loss and deleterious impact on agriculture production. While, the traditional application of conventional pesticides leads to loss of soil biodiversity, decline in pollinator population, and negative impacts on non-target organisms. In recent years, nanotechnology has gained much interest in agricultural application. Various studies have demonstrated the beneficial effect of engineered nanomaterials as an active ingredie...

Abstract Microplastic particles (MPs) are ubiquitous across a wide range of aquatic habitats but determining an appropriate level of risk management is hindered by a poor understanding of environmental risk. Here, we introduce a risk management framework for aquatic ecosystems that identifies four critical management thresholds, ranging from low regulatory concern to the highest level of concern where pollution control measures could be introduced to mitigate environmental emissions. The four thresholds were derived using a species sensitivity distribution (SSD) approach and the best available...

Multidisciplinary intervention and management of diabetic foot ulcers (DFUs) based on the effective and systematic combination of these three components will contribute to the prevention and treatment of DFUs, and improve their prognosis.

It is proposed that risk assessment and perioperative risk reduction may be the most effective approaches in managing postoperative delirium.

A novel framework based on integrated approaches based on big data analytics and AI is proposed for developing disaster management solutions using disruptive technologies.

This study explores the influence of climate risk on properties of firms' financial reporting practices with observations collected from 64 countries between 2005 and 2016. We use a country-level climate risk indicator developed by Germanwatch to measure the degree of damage from extreme weather events, and find that climate risk positively influences firms' engagements in both accruals-based and real earnings management. Furthermore, we document that the above-mentioned effects of climate risk are moderated by the quality of country-level public governance. Subsample analysis suggests that th...

To combat climate change, farmers must innovate through ecological intensification to boost food production, increase resilience to weather extremes, and shrink the carbon footprint of agriculture. Intercropping (where alternative crops or noncrop plants are integrated with cash crops) can strengthen and stabilize agroecosystems under climate change by improving resource use efficiency, enhancing soil water holding capacity, and increasing the diversity and quality of habitat for beneficial insects that provide pollination services and natural pest control. Despite these benefits, intercroppin...

Representing approximately 12% of GDP across OECD countries, public procurement is an important pillar of public service delivery. However, successful public procurement is threatened by risks in areas as diverse as compliance, sustainability, and operations. Governments can address these challenges by identifying, assessing, treating, and monitoring risks throughout the procurement process. To do so, they use general tools such as risk registers and risk matrices, as well as more targeted measures aimed at specific challenges, such as supply chain risks. The procurement of complex goods, serv...

The radical change of SCRM by IoT is demonstrated while discussing the human role, implications for SCRM strategies and identifying relevant topics for future development.

Abstract This study investigates the effect of corporate social and environmental evaluation on investors' risk perception to explore the potential market risk for public companies that adopt a sustainable and responsible corporate strategy. We referred to the triple corporate assessment according to environmental, social, and governance (ESG) criteria to check whether ESG factors—meant to direct firms toward social and environmental needs—improve corporate market performance or trigger, among investors, a perception of “window dressing.” In doing so, we tested the impact of corporate social p...

A BCT decision framework is proposed to assess the feasibility and suitability of adopting BCT in each context (such as risk management), which will have strategic implications for operations managers and the OSCM community.

Multiple myeloma accounts for approximately 10% of hematologic malignancies in the United States and is the second most common cancer in women.

Hodgkin lymphoma is an uncommon B‐cell lymphoid malignancy affecting 8480 new patients annually and representing approximately 10% of all lymphomas in the United States.

The major criteria for the syndrome are polyradiculoneuropathy, clonal plasma cell disorder (PCD), sclerotic bone lesions, elevated vascular endothelial growth factor, and the presence of Castleman disease.

A multilayered TOE-based risk management framework is proposed to identify and manage the risks associated with smart city governance in the current study, and the criticality of the identified risks can help researchers and practitioners understand the top risks of smart city Governance.

Polycythemia vera is a JAK2‐mutated myeloproliferative neoplasm characterized by clonal erythrocytosis and increased risk of thrombosis and progression into myelofibrosis (post‐PV MF) or acute myeloid leukemia (AML).