Purpose – Corporate risk management is one of the critical concerns of managers when they make investment allocation decisions among multiple projects. The purpose of this paper is to address corporate investment issues illustrated by target‐beating in capital budgeting, and further discuss...

Purpose – The purpose of this paper is to examine various methods of payment and foreign‐exchange risk management among firms involved in either export or import trade only, or both in Brunei Darussalam. The paper also seeks to delineate the relationship(s) between various characteristics of...

Purpose – This editorial, the second of a two‐part series, proposes a new measure of risk for analyzing highly non‐normal (i.e. asymmetric and long‐tailed) random variables in the context of both investment and insurance portfolios. The proposed measure replaces the p ‐norm‐based...

Purpose – The objective of this paper is to assess the degree to which Islamic banks in Brunei Darussalam use risk management practices (RMPs) and techniques in dealing with different types of risk. Design/methodology/approach – The researcher developed a questionnaire which covers six...

Purpose – This paper aims to utilise cultural theory of risk to provide a broad analytic framework for examining how risk is constructed within the dominant discourses around patient safety within the domain of psychiatry. It also seeks to examine notions of blame and to consider the...

Purpose – The purpose of this paper is to identify associations between various inputs in the investment decision process of Saudi Arabian risk managers (RMs). Design/methodology/approach – The paper reports the views of 81 RMs in Saudi Arabia regarding their approach to investment risk and...

Purpose – This paper aims to examine the state of risk management practices among Malaysian listed firms and evaluates the value‐relevance of the notional amount of foreign‐exchange and interest‐rate derivatives (FCDs) used by listed firms over the period 2003‐2007....

Purpose – The purpose of this paper is to present a competitive defender‐attacker risk model that assumes a dual exponential relationship between defender ( C i ) and attacker ( A i ) resource allocation: v i ( A i , C i )=e − α i c i −e − α i C i − γ i A i ....

Purpose – The purpose of this article is to introduce a new method of estimating risk as an alternative to value at risk (VaR), drawing on the risk assessment literature in environmental science. Design/methodology/approach – A commonly used and accepted measure of market risk is VaR,...

Purpose – The purpose of this paper is to derive an easy‐to‐implement and highly accurate formula to approximate the change in the bond price resulting from a change in interest rates. Design/methodology/approach – The bond price is raised to an infinitesimal power and the Taylor series...