Business Commons^™

Risk Management In Human Resource Development And Talent Management, Kumba Bayoh

Doctoral Dissertations and Projects

Risk Management in human resource development and Talent Management enables organizations to identify, evaluate, analyze, monitor, and mitigate the risks that threaten their mission and strategic objectives. This research study examines the effect of risk management in human resources development and talent management in organizations including the Department of Finance and Administration. The development of this work encompassed a robust research effort that involved deep study, interview sessions, surveys, questionnaires, data analysis, and key conclusions. This is a transformative resource that enables entities to advance in their risk management visions and objectives.

Checking The Box: Does Compliance With Risk Management Regulation Increase Financial Stability?, Samuel W. Adams

Doctoral Dissertations

This dissertation examines how bank risk management impacts financial stability. In the first chapter, my coauthors and I study how bank risk management impacts systemic risk using a global sample of banks from 2002 to 2020. We find that bank risk management has improved since the global financial crisis, driven by the implementation of country-level reforms mandating Chief Risk Officers and board-level risk committees. We find that stronger risk management lowers banks’ contribution to systemic risk. Using the staggered enactment of bank risk management reforms as a quasi-natural experiment, we provide evidence that the relation is causal. Subsample analysis on …

Research On Futures, Profit Hedging, And Enterprise Price Risk Management In The Bulk Commodity Industry Chain — A Case Study Of Hot-Rolled Coil Industry Chain, Shengxi Liu

Dissertations and Theses Collection (Open Access)

Traditional hedging strategies usually center around a single product, commonly involving companies hedging against the price of their endproducts or essential production materials. At present, traditional hedgingstrategies are no longer sufficient to address the production and management requirements of physical enterprises. There is a need to develop hedgingstrategies aligning with the significant changes in both domestic andinternational markets.

The thesis presents a new profit hedging model based on product manufacturing processes within the industry chain. This method involves hedging production profits by buying (selling) end products and selling(buying) raw materials according to the proportional relationships in the production process on …

Systemization & Survival -- “Houston, We Have A Problem” – Business Lessons From Apollo 13, Judith Jacob Iddy, Njeru Zakayo

Markets, Globalization & Development Review

In the business world, there are different factors that determine whether a business will survive or not. Apollo 13 film perfectly demonstrates what every business undergoes throughout its lifecycle. Apollo 13 spacecraft started its journey to the moon successfully with the mission being to land on the moon. Unfortunately, within a very short period of time, Apollo 13 started to experience a series of problems that required quick actions and decisions to be made with the involvement of different sets of technical skills. Ultimately, by using the prototype and systems which NASA had established for Apollo 13, the teams managed …

Essays On Corporate Debt Structure, Kyuyoung Oh

Theses and Dissertations--Finance and Quantitative Methods

The dissertation consists of three chapters exploring three different facets of corporate debt structure choice. In the first chapter, “Risk Management and the Choice between Secured and Unsecured Debt: Evidence from Natural Experiment,” I study whether and how corporate hedging affects firms’ choice between secured and unsecured debt. Exploiting the introduction of steel futures as a natural experiment, I provide causal evidence that risk management enables firms to switch from secured to unsecured debt without sacrificing debt capacity. Cross-sectional evidence supports the interpretation that risk management drives the results. The effects are stronger for firms that are more likely to …

Development Of A Safety Performance Decision-Making Tool For Flight Training Organizations, Marisa Aguiar Ph.D., Carolina L. Anderson Ph.D., Dothang Truong Ph.D., Gregory S. Woo Ph.D., Kenneth Byrnes Ph.D.

Journal of Aviation/Aerospace Education & Research

The purpose of the research was to create and validate a safety performance decision-making tool to transform a reactive safety model into a predictive, decision-making tool, specific to flight training organizations, to increase safety and aid in operational decision-making. Using Monte Carlo simulation, the study conducted simulation runs based on operational ranges to simulate the operating conditions with varying levels of controllable resources in terms of personnel (Aviation Maintenance Technicians and Instructor Pilots) and expenditures (active flight students and available aircraft). Four What-if Scenarios were conducted by manipulating the controllable inputs. Changes to the controllable inputs are reflected by variations …

The Crusading Days Of Jackie Stewart: Evaluating The Development Of Safety In Motor Racing During The 1960s., Alex Twitchen

Journal of Motorsport Culture & History

This article critically evaluates the contribution of Jackie Stewart in making motor racing a safer sport for competitors. It challenges the validity of the popular assumption that Jackie Stewart by himself developed a ‘culture of safety’ that transformed the sport. Instead, the role of other individuals are identified alongside the importance of three social processes. These processes are identified as the changing balance of power between different masculine identities, the development of commercial sponsorship and a growth in the coverage of the sport on television.

The development of motor racing from the 1960s onwards as a safer sport in which …

Litigation Risk Management Through Corporate Payout Policy, Matteo Arena, Brandon Julio

Finance Faculty Research and Publications

Firms modify their payout policy in anticipation of future litigation costs. We examine a comprehensive sample of U.S. corporate lawsuits and find that firms facing significant litigation risk pay lower dividends, and in some cases omit dividends while distributing more cash through share repurchases. Litigation risk changes the distribution of payouts but not the total payout yield as the increase in share repurchases offsets the decrease in dividends. Cash-poor firms cut share repurchases when settlement costs are incurred. The results suggest that firms at a higher risk of litigation increase their payout flexibility.

Development Of A Safety Performance Decision-Making Tool For Flight Training Organizations, Marisa D. Aguiar Phd, Carolina L. Anderson Phd

National Training Aircraft Symposium (NTAS)

The purpose of the research was to create and validate a safety performance decision-making tool to transform a reactive safety model into a predictive, decision-making tool, specific to large, collegiate Title 14 of the Code of Federal Regulations (CFR) Part 141 flight training organizations, to increase safety and aid in operational decision-making. Using Monte Carlo simulation, the study conducted simulation runs based on true operational ranges to simulate the operating conditions possible within large, collegiate CFR Part 141 flight training organizations with varying levels of controllable resources in terms of personnel (Aviation Maintenance Technicians and Instructor Pilots) and expenditures (active …

Impact Of Supply Chain Robustness And Resilience On Firm Performance: A Perspective Of Pakistan Textile Industry, Aalyan Munir, Aamer Hanif, Nimra Afzal

Business Review

This study investigates the impact of supply chain resilience and robustness on firm performance and also examines the significance of supply chain risk management (SCRM) in minimizing the consequences of disruptions on supply chain performance in the context of the COVID-19 pandemic. Data was gathered using convenience sampling technique through a survey from management staff (n=409) working in textile companies operating in Pakistan. Using SPSS software for data analysis, this study proposes a mediation model where risk management practices are proposed as a mediator between supply chain resilience, robustness and firm performance. The findings highlight that supply chain resilience and …

Mountain States Oilseeds: Risk Management For Safflower Production In The Intermountain West, Jameson F. Packer

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Safflower is an oilseed crop primarily produced in the western Great Plains because of its compatibility with cereal grain equipment. Varieties grown in that region are harvested predominantly for seeds high in safflower oil and oleic acid that are processed and used in cooking oil, human nutrition, and other health and beauty products. Safflower is also grown in Utah, Idaho, and California for birdseed mixes due to the region’s arid climate, which yields a crisp, white seed that is highly favorable in the birdseed market. Mountain States Oilseeds, headquartered in American Falls, Idaho, is one of the United States’ largest …

Managing Risk: A Hermeneutic Phenomenology On The Experiences Of Corporate Instructors When Planning And Developing Disaster Driven Training Content, Seeke Diana Hughes

Doctoral Dissertations and Projects

This phenomenological study aimed to understand and interpret corporate trainers' perspectives when developing disaster or pandemic-driven training content for remote situations and suggest a baseline response to identified deficits. Using the disaster risk management theory by Kim and Sohn (2018), with specific emphasis on Petak's (1985) and McLoughlin's (1985) framework, data from the participants was collected using semi-structured individual interviews, document analysis, and observations. While corporate trainers have used years of experience and seasoned pedagogy to enhance learning for their participants to achieve corporate objectives, almost no content exists regarding the process. Due to increased remote learning resulting from the …

Daung Well By Daung Good, Leon Qiu, Singapore Management University

Perspectives@SMU

Leon Qiu started microfinance lending startup Daung Capital to help the unbanked in Myanmar. Can he adequately help the farmers there?

How To Construct A Safety Management System (Sms) That Promotes Safety Culture In Your Organization, Tara Samuels

International Journal of Aviation, Aeronautics, and Aerospace

Organizations spend considerable resources building robust Safety Management Systems, yet may struggle to develop a strong Safety Culture. The effect can ripple throughout the organization, particularly affecting employee safety, as well as product quality, productivity, engagement, and retention. This paper introduces the four basic components and most critical cultural preconditions of a successful SMS. It then provides recommendations aligned with each of the four basic components to guide management toward creating the kind of work environment that empowers and engages employees at all levels of the organization. Building a strong Safety Culture is simply good business, and the research conducted …

Maintaining Equilibrium Between Project Success And Team Well-Being: Pharmaceutical Project Management, Shu-Han Chang

Business ETD Collections

Projects of all types bring with them their own set of challenges and risks. Those within the pharmaceutical industry are subject to heavy regulation, high risk of failure, and the requirement of having very specialised knowledge. High-pressure projects like this also puts much stress on the individual team members working to ensure the project’s success. In order to delve into what it takes to maintain equilibrium between project success in a timely and cost effective manner, and the well-being of the project teams themselves, this research takes a look at what are the common issues with these types of projects. …

Case Study In Enterprise Risk Management: Happy Tails, Inc., Clay Chance

Honors Theses

Enterprise risk management is a necessity for businesses in today’s marketplace. Firms that are unaware of risks they are facing often find themselves in unexpected trouble. The field of enterprise risk management has been growing since the 1990s as an effort to minimize the costs that risk imposes on firms. In this case study, I identified risks for Happy Tails, Inc. and recommended various techniques to manage the risks. I found that not only does Happy Tails face many of the same major risks faced by most firms in the marketplace today, but it also faces some unique risks due …

The Evolution Of Cyber Risk And The Cyber Insurance Market, Abigail Chase

Senior Theses

Insurance and hedging instruments can help corporations manage many of the operational and financial risks they face. Yet, additional complexities are introduced now that many risks are increasingly interdependent and thus strongly correlated, making them more challenging to manage. Few risks illustrate this challenge better than cyber risk.

This thesis will focus on the increasing attention that the management of cyber risks receives in corporations, institutions and industries, and the role that insurance and risk management strategies play in mitigating this risk. The decision to focus on cyber risks—and the financing and management of those risks—is directly related to the …

Examination Of The Relationship Between External Environmental Conditions And Construction Project Failures In Countries Of Northern Africa, Rex W. Mols

Doctoral Dissertations and Projects

The construction industry is an essential and supportive pillar of national economies in Northern Africa making construction project management a dynamic arena. Construction project success is dependent on how well project managers recognize and manage project constraints versus negative risk impacts. The purpose of this qualitative research was to explore and describe the impacts between external environmental conditions and construction project failures in countries of Northern Africa. Data was sourced from construction project managers that operate within this region. Data collected focuses on the interdependencies between negative risk impacts from external environmental conditions and construction project failures. An analysis of …

Manajemen Risiko: Tinjauan Regulasi Kearsipan, Ratih Surtikanti

Jurnal Administrasi Bisnis Terapan

This study aims to examine the application of risk management in the archive sector. This article provides an overview of the application of risk management listed in the four regulations governing archives management, especially those issued by the National Archives of the Republic of Indonesia. Based on the results of the analysis of the four regulations, the following results were obtained as follows: Regulation of the head of the National Archives of the Republic of Indonesia number 31 of 2015 concerning the establishment of an archive depot, Regulation of the Head of the National Archives of the Republic of Indonesia …

Frm Financial Risk Meter, Andrija Mihoci, Michael Althof, Cathy Yi-Hsuan Chen, Wolfgang Karl Hardle

Sim Kee Boon Institute for Financial Economics

A systemic risk measure is proposed accounting for links and mutual dependencies between financial institutions utilizing tail event information. Financial Risk Meter (FRM) is based on least absolute shrinkage and selection operator quantile regression designed to capture tail event co-movements. The FRM focus lies on understanding active set data characteristics and the presentation of interdependencies in a network topology. Two FRM indices are presented, namely, FRM@Americas and FRM@Europe. The FRM indices detect systemic risk at selected areas and identify risk factors. In practice, FRM is applied to the return time series of selected financial institutions …

Hedging Season: The Effect Of Hedging Using Financial Derivatives On Firm Value Of Publicly-Listed Non-Financial Firms In The Philippines, Julio Alfonso D. Arrastia, Christina Angela N. Balagot, Joseph Anthony Go, Dominique Ann Philomena V. Lacuna

Angelo King Institute for Economic and Business Studies (AKI)

Firms use financial derivatives as a way to hedge risky transactions to avoid financial risks. Studies have focused on firms’ use of financial derivatives in developed countries. However, there is limited research done on emerging markets like the Philippines because these economies have only recently adapted advanced reporting standards that obligate the disclosure of the nature and extent of risks resulting from the use of financial instruments. We used Tobin’s Q ratio to proxy for firm value and to determine the presence of a hedging premium. Because derivatives are used by firms to hedge against currency risks, interest rate risks, …

Behavioral Aspects In Operational Decisions. Applied Factor Investigations On The Micro (Individual) And Meso (Cluster) Levels, Lyudmyla Starostyuk

Information Systems & Operations Management Dissertations

Normative theoretical models in operations management have been widely utilized by businesses and scientists to explain multiple phenomena. They assume that operating systems are managed by fully rational decision-makers who always choose the most profitable solution. However, decision-makers are human beings with behavioral and cognitive biases which influence their choices. In this thesis we argue that a change in the social and operating environments explains the choice deviation from the normative theoretical predictions. We present three independent studies of behavioral patterns on the individual and cluster levels. In the first study we observe the effect of human faces on the …

Teaching Economic Risk Management Through A Video Game Concept, Samantha Montella

Senior Honors Projects

Many video games imply economic behavior: making decisions within a game highlights the fundamentals of human action. The basic idea is that virtual worlds, like the real world, present us with a series of choices. Games impose digital scarcity, obliging players to weigh the benefits of different courses of action, make tradeoffs, and incur costs.

Good examples are found in the role-playing game (RPG) genre, where players face tough choices between different specializations and skill trees. Obliging players to make difficult decisions highlights the opportunity costs of choice, not the money cost. Games also encourage players to think entrepreneurially: to …

Kissing Frogs: The Challenges Of Becoming A Successful Entrepreneur, George Dierberger, Marc Isaacson, Cory Erickson, Thomas P. Dierberger

Faculty Authored Articles

“Kissing Frogs: The challenges of becoming a successful entrepreneur” explores the difficulties of creating, sustaining and succeeding as a business owner. This research is supplemented with data from a national survey to entrepreneurs (355) through Qualtrics, a global research organization. The respondents represented 42 states from a diverse group of self-identified entrepreneurs from a variety of industries.

To summarize, the paper will analyze the following topics in detail:

1. The importance of the mission and vision for the organization
2. The motivation for starting the business
3. The inspiration for the business idea
4. The importance of perseverance

Cybersecurity Using Risk Management Strategies Of U.S. Government Health Organizations, Ian Cornelius Wilkinson

Walden Dissertations and Doctoral Studies

Seismic data loss attributed to cybersecurity attacks has been an epidemic-level threat currently plaguing the U.S. healthcare system. Addressing cyber attacks is important to information technology (IT) security managers to minimize organizational risks and effectively safeguard data from associated security breaches. Grounded in the protection motivation theory, the purpose of this qualitative multiple case study was to explore risk-based strategies used by IT security managers to safeguard data effectively. Data were derived from interviews of eight IT security managers of four U.S. government health institutions and a review of relevant organizational documentation. The research data were coded and organized to …

Risk Management And Hedging Approaches In Energy Markets, Jim Hanly

Articles

Energy based assets are showing increased susceptibility to volatility arising out of geo-political, economic, climate and technological events. Given the economic importance of energy products, their market participants need to be able to access efficient strategies to effectively manage their exposures and reduce price risk. This chapter will outline the key futures based hedging approaches that have been developed for managing energy price risk and evaluate their effectiveness. A key element of this analysis will be the breadth of assets considered. These include Crude and Refined Oil products, Natural Gas, and wholesale Electricity markets. We find significant differences in the …

Operationalizing Learning From Rare Events: Framework For Middle Humanitarian Operations Managers, Amr Mahfouz, Ashraf Labib, Sara Hadleigh-Dunn, Marco Gentile

Articles

The purpose of this paper is to investigate the learning from rare events and the knowledge management processinvolved, which presents a significant challenge to many organizations. This is primarily attributed to the inability tointerpret these events in a systematic and “rich” manner, which this paper seeks to address. We start by summarizing therelevant literature on humanitarian operations management (HOM), outlining the evolution of the socio-technical disasterlifecycle and its relationship with humanitarian operations, using a supply chain resilience theoretical lens. We then out-line theories of organizational learning (and unlearning) from disasters and the impact on humanitarian operations. Subse-quently, we theorize the …

Jpmorgan Chase London Whale F: Required Securities Disclosures, Arwin G. Zeissler, Giulio Girardi, Andrew Metrick

Journal of Financial Crises

On April 13, 2012, JPMorgan Chase (JPM) Chief Financial Officer Douglas Braunstein took part in a conference call to discuss the bank’s first quarter 2012 earnings. Coming just a week after media reports first questioned the risks taken by JPM derivatives trader Bruno Iksil, Braunstein made a series of assertions about the trades. On May 10, JPM finalized its first quarter financial results, which included some disclosures regarding Iksil’s trading that were substantially different from Braunstein’s statements of April 13. At issue is whether the regulatory filings on April 13 and May 10, as well as verbal comments by Braunstein …

Jpmorgan Chase London Whale D: Risk-Management Practices, Arwin G. Zeissler, Andrew Metrick

Journal of Financial Crises

JPMorgan Chase (JPM) prided itself on having the best risk-management practices in the financial industry, having survived the 2007-09 financial crisis in better shape than many competitors. Chief Executive Officer Jamie Dimon often spoke of the bank’s “fortress balance sheet.” A keen focus on risk management is vital to JPM’s longevity, as is the case with all highly leveraged financial institutions. However, the JPM Task Force that investigated the $6 billion 2012 London Whale trading loss concluded that risk-management practices at the bank’s Chief Investment Office (CIO), the unit in which the loss occurred, were given less scrutiny by senior …

Corporate Governance Reform In Post-Crisis Financial Firms: Two Fundamental Tensions, Christopher Bruner

Scholarly Works

The manner in which financial firms are governed directly impacts the stability and sustainability of both the financial sector and the "real" economy, as the financial crisis and associated regulatory reform efforts have tragically demonstrated. However, two fundamental tensions continue to complicate efforts to reform corporate governance in post-crisis financial firms. The first relates to reliance on increased equity capital as a buffer against shocks and a means of limiting leverage. The tension here arises from the fact that no corporate constituency desires risk more than equity does, and that risk preference only tends to be stronger in banks, and …