This paper empirically explores the impact of bank size, holding company affiliation and the degree of branching on small business and farm lending through a conceptual analysis encompassing private information asymmetries inherent in these bank dependent borrowers. The study expands the...

Two main approaches have been utilized to explain the relationship between entrepreneurs and their investors. The first is based on the separation of ownership and management i.e. the so-called principal-agent approach. The second emphasizes trust and cooperation in the relationship. This...

We empirically examine a sample of over 350 entrepreneurial firms that successfully receive an SBA guaranteed loan. The first portion of the paper contains descriptive statistics that lend anecdotal evidence concerning the organization type of borrowers, the incidence of collateral, the reasons...

The ultimate goal of risk management is the generation of efficient incomes. The objective is to generate the maximum return for a unit of risk taken or to minimise the risk taken to generate the return expected i.e. it is the optimisation of a financial institution strategy. Therefore, by...

Implementation of each stage of pension reform aimed at formation of optimal pension system in Ukraine requires proper governance in the field of pension provision. The article provides the study of prerequisites for pension management formation, determining its main objectives and role in the...

The Mediterranean region is undergoing rapid local and global social and environmental changes. All indicators point to an increase in environmental and water scarcity problems with negative implications towards current and future sustainability. Water management in Mediterranean countries is...

Natural or induced floods are of increasing concern to watermanagers and civil protection services for three main reasons.Firstly, a continuous and 'unconscious' increase of socialpressure in the flooding valleys amplifies flood vulnerabilitiesand consequently natural or induced flood risk....

The water quality of rivers in Japan has received greater attention in recent years due to a number of factors, including human-induced land subsidence and an increase in water demand. Surface waters are adversely affected by high frequency, low level risks (such as the continuous release of...

Simultaneous consideration of initial construction cost and failure risk in practical design of critical hydraulic structures is a long-standing problem in water resources planning and management. Despite extensive efforts to effectively tackle this problem during recent decades, the traditional...

The normal accidents and high reliability organisations theories are widely known as presenting the intellectual discourse between two opposing schools of thought for risk management of complex systems as the first is tagged as pessimistic while the latter is labelled as optimistic. Due to high...