A Disaster Under-(Re)Insurance Puzzle: Home Bias in Disaster Risk-Bearing

Letter to the Editor: Application of Haddon Matrix in Disaster Management: A New Window in Disaster Mitigation Risk

In recent years, disaster management has been the focus of attention since disasters have been associated with huge destructions and consequences. Basically, disaster management techniques aim at the prevention and mitigation works as well as promotion of resilience. Haddon’s matrix was proposed as a conceptual model to understand the event and provide preventive measures in the field of injur...

The Puzzle of Only Occasional Disaster

Risk, Hazard, and Disaster

Natural hazard research began as a study of cultural perceptions to extreme naturally occurring events. Since the advent of the study, natural hazard literature has become steeped in terminology that is sometimes confusing to the reader. The concepts of hazard, risk, and disaster are often confused with one another and with the extreme event itself. Although the extreme event is inherent in haz...

Comprehensive Disaster Risk Management Standards for Hospitals

Background and Objective: Hospitals play an important role in protecting the health and survival of people during disasters. Despite the development of risk management programs worldwide in recent years, hospital preparedness in disasters is low and one reason for that is the lack of hospital standards for disaster preparedness. This study aims to develop hospital accreditation standards for ho...

Credit Risk and Disaster Risk

Credit spreads are large, volatile and countercyclical, and recent empirical work suggests that risk premia, not expected credit losses, are responsible for these features. Building on the idea that corporate debt, while fairly safe in ordinary recessions, is exposed to economic depressions, this paper embeds a trade-off theory of capital structure into a real business cycle model with a small,...