This study examines the systemic operational risk in Morocco's banking sector using a Panel VAR model based on data from three banks over ten years. The model includes real GDP, interbank rate (TMP), and bank credit, alongside indicators of operational, credit, and liquidity risks. The Impulse...

Businesses increasingly rely on algorithmic systems and machine learning models to make operational decisions about customers, employees, and counterparties. These "algorithmic operations" can improve efficiency but also concentrate liability in a small number of technically complex, drifting...

Background: The rapid growth of e-commerce has intensified the need for last-mile delivery systems that can navigate urban congestion while minimizing environmental impact. Hybrid truck-drone networks offer a promising solution by combining heavy-duty ground transport with aerial flexibility;...

As Thailand's financial sector accelerates its digital transformation, cybersecurity has transitioned from a mere technical support function to a strategic imperative that governs operational risk and financial stability. This study empirically examines the efficacy of cyber risk controls and...

This article aims to contribute to the limited pool of solutions designed to deter or mitigate hedge fund manager fraud and reduce the associated costs to investors and other hedge fund industry stakeholders. The methodology involves presenting three hedge fund indsutry fraud cases, focusing on...

Modern companies face immense pressure to accelerate and refine decisions related to product assortment due to rapid changes and growing competition in the retail landscape. The volume, velocity, and volatility of business data make intuitive or situational approaches insufficient. Advances in...

In the increasingly complex and dynamic financial landscape, managing operational risks poses a crucial challenge for financial institutions. Evolving regulations, the rise of cyber threats, and growing stakeholder expectations make a rigorous and systematic approach to quantifying and managing...

This study examines the influence of operational risks (ORs) on the operational performance of deposit money banks (DMBs) in Nigeria, focusing on six dimensions: people-caused, internal process-caused, system-caused, damage to physical assets, external events and legal-caused operational risks...

This paper proposes a new framework to reduce the variance and uncertainty in the risk assessment process. Today, this process is susceptible to background noise from sources of human factor biases and erroneous measurements. Our new framework consists of deconstructing the likelihood of failure...

: The goal of this paper was to study the role of corporate social responsibility (by the examaple of responsible HRM) in the sustainable development of entrepreneurship through operational risk management. The correlation analysis method was used to find a close connection between the number of...

This paper proposes two metrics to correctly measure under optimal capital structures the impact of corporate statutory tax rates (a) on the effective tax rate, and (b) on the operational risk of capital investment projects and their parent firm's project portfolio. For illustrative and...

Chapter 1. Introduction -- Chapter 2. Advocacy for achieving resilience through HRO strategies -- Chapter 3. Aspects, drivers, and Environment for extreme events -- Chapter 4. Risk Management of extreme events in Banking -- Chapter 5. Management of extreme events in Corporate World -- Chapter 6....

Digitalization has emerged as a modern risk mitigation tool for organizations. However, little is known about how digitalization influences operational risk. Drawing upon organizational information processing theory, we propose that digitalization reduces operational risk through internal...

This study shows that banking organization growth is associated with higher operational losses per dollar of total assets and incidence of tail risks. Event studies using M&A activity and instrumental variable regressions provide consistent evidence. The relationship between banking organization...

In this paper we consider the operations of a non-financial corporation and present a novel risk-management framework that supports the joint optimization of the firm's operational and financial decisions. Specifically, we study the problem of maximizing the firm's operating profits when these...

Despite the growing importance of operational risk, little is known about the impact of operational losses on the stock prices of energy firms. We fill this void by examining the market reaction of energy firms to a unique international sample of 452 operational loss events announced between...

Bank CEOs are held personally accountable for firms' performance, including the downside risk. Operational risk is largely idiosyncratic and operational risk event announcements signal flaws in banks' internal control systems and ineffective risk management. We examine the impact of operational...

Bank CEOs are held personally accountable for firms' performance, including the downside risk. Operational risk is idiosyncratic and operational risk event announcements signal ineffective risk management. We examine the impact of operational risk announcements on different components of U.S....

Operational risk is a substantial source of risk for US banks. Improving the performance of operational risk models allows banks’ management to make more informed risk decisions by better matching economic capital and risk appetite, and allows regulators to enhance their understanding of...

This paper identifies a new and previously unidentified trend that is changing corporate governance: board liability for misconduct based on operational risk. Operational risk is serious business. When boards slumber, hundreds of people die in airline accidents, pipelines explode causing massive...

Das Ziel der Arbeit ist die Untersuchung der Auswirkungen von unternehmensinternen Verhaltensrisiken auf den Kapitalmarkt. Zu diesen Verhaltensrisiken gehören interne betrügerische Handlungen oder Verstöße gegen Regeln in Bezug auf Kunden, Produkte oder Geschäftsgepflogenheiten. Solches...

Risk management is an ongoing process that includes several stages of mapping and identification, analysis, and evaluation, planning, and implementation to reduce risks and ensure ongoing control. Risk management along the supply chains has become more significant in recent years due to an...