Looks at the importance of product development in business and considers why, with so much attention being directed to process improvement, the success rate is still so low. Contends that while there are critical competences and a convergence towards a “best” process the problems often arise...

While Pillar 1 of the regulatory capital framework Basel II stipulates capital requirements for credit, market and operational risk, Pillar 2 focuses on the economic and internal perspective of banks’ capital adequacy. To ensure capital adequacy, banks are required to have an Internal Capital...

The main purpose of this paper is to explore the role of risk management, speculative industry competition effect and hot issue markets. We used a sample of 260 initial public offerings (IPOs) in the Australian resource sector for the 1994–2004 period to test the underpricing effect. We do not...

In recent years, financial institutions and their supervisors have placed increased emphasis on the importance of consolidated risk management. Consolidated risk management, also referred to as integrated or enterprise-wide risk management, can have many specific meanings, but in general it...

The essence of investing is to generate return and manage risk. In the absence of arbitrage opportunities, return generation is about gaining exposure to risks that are well rewarded. To manage this exposure, we can diversify rewarded risks and hedge risks that are not rewarded. However, our...

This paper examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a...

Today a new generation of food safety policy is emerging in OECD countries and international public health forums. The United States has actively contributed to the thinking and scientific research underlying this new generation of policy. A consensus has emerged among nations about the basic...

In this paper we propose an NLP-based method for Ontology Population from texts and apply it to semi automatic instantiate a Generic Knowledge Base (Generic Domain Ontology) in the risk management domain. The approach is semi-automatic and uses a domain expert intervention for validation. The...