Operational risk can be defined as risk of unexpected losses resulting from inadequate or failed internal processes, people and systems or from external events. Its management is a young discipline in the financial sector, and so is its project management framework, without a specific...

Purchasing is one of the key managerial activities in every organization, its significance having been identified during the 19th century. According to Kasilingam (2012, p.57), the period shortly before the Second World War marked the discovery of the fact that a firm’s success was not so much...

It is impossible to mention the phrase ‘project management’ without introducing the concept of risk management. As Hillson (2016, p.11) states, “risks [are] particularly relevant to projects” suggesting that effective management of risk is an integral ingredient for project success. The...

The purpose of this paper is to present a history and an evolution of concepts of risk and risk management in economic, respectively financial fields, highlighting the usefulness (or not) and complexity of tools for risk assessment developed over time. The main objective of risk management is to...

The present article examines two important effects that have been given scant attention in prior studies of variable risk strategies. The first effect, reference group sensitivity, is the degree to which decision makers' aspirations are sensitive to their reference group. In this paper we...

The wine industry is very sensitive to climate risk, mainly due to the grape crop. Industry players usually cover this risk through single-peril and multi-peril crop insurance policies. Insurance policies pose many problems of efficiency, as pointed out in the literature, and do not usually...

Academic literature has well discussed the causes and impacts of supply chain (SC) risks and disruptions and associated resilience plans. However, the majority of the former studies focused on the antecedents and consequences of SC resilience, ignoring the fundamental elements of firm size and...

The paper analyses the different approaches to measure the impact of funding and market liquidity risk in the economics and management of banks. The paper provides also an analysis of the organisational implications of the asset and liability management perspective of liquidity risk. Liquidity...

The first objective of this research is to study and evaluate, for a supply chain, the relationships between its major risk factors and its performance. Quantitative data were collected through a questionnaire administered to more than 250 supply chain managers operating in Moroccan companies....

Within the discipline of enterprise risk management (ERM), strategic risk management (SRM) has become a subject of increasing interest to practitioners and academics. To our knowledge, the term “strategic risk management” first appeared in the management literature in 1985 and 1986 (Jammine,...