This commentary paper aims to highlight issues associated with the supposed ability to transfer knowledge across networks. In response to the paper “Risks in Organizational Networks: An Exploratory Framework,” (Trkman and Desouza this Issue), we argue that the taken-for-granted assumption...

In cargo logistics, a key performance measure is transport risk, defined as the deviation of the actual arrival time from the planned arrival time. Neither earliness nor tardiness is desirable for customer and freight forwarders. In this paper, we investigate ways to assess and forecast...

Suppose that agents share risks in competitive markets. We show that better information makes everyone worse off if the economy has a representative agent-that is, the economy's demand for state contingent consumption equals the demand of a hypothetical agent who owns all the economy's wealth....

This study examines whether and how the Big 3 audit firms in Japan respond to clients' business risk and whether their responses vary. Two possible approaches to addressing clients' higher business risk are increasing audit effort (e.g., increasing total audit hours or assigning more experienced...

We test whether tax avoidance strategies are associated with greater firm risk. We find that low tax rates tend to be more persistent than high tax rates and that measures of tax avoidance commonly used in the literature are generally not associated with either future tax rate volatility or...

The paper analyzes the service provision of infrastructure from the aspect of demand risk sharing. The society benefits more under the public-private partnership (PPP) than under government operation, because the government can transfer some risks to private firms through PPP. To reduce total...

This paper proposes a formal model of migration in which workers are heterogeneous and markets are stochastically correlated. We derive and characterize the optimal migration pattern of the family. It is shown to depend on the differences in expected incomes, costs of migration, income risks,...

This paper proposes a formal model of migration in which workers are heterogeneous and markets are stochastically correlated. We derive and characterize the optimal migration pattern. It is shown to depend on differences in expected earnings, costs of migration, income risks, and more...