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Case Study In Enterprise Risk Management: Happy Tails, Inc., Clay Chance
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 …
Implications Of Off-Farm Income For Farm Income Stabilization Policies, Simon Jette-Nantel
Implications Of Off-Farm Income For Farm Income Stabilization Policies, Simon Jette-Nantel
Theses and Dissertations--Agricultural Economics
This dissertation examines to what extent off-farm diversification may be an appropriate and accessible tool to mitigate the adverse effects from market failures and incompleteness in the crop and farm income insurance market. While the influence of the nonfarm sector has long been recognized as a primary force in shaping farm structure, off-farm income is rarely acknowledge as a risk management tool for operators and households of commercial farms. The dissertation develops a dynamic model that includes capital market imperfections, economies of scale in farm production, and the presence of adjustment costs in labor allocation decisions. The model provides a …