The typical insurance firm is subject to a wide variety of risks. Understanding and quantifying the interrelationships between individual risk elements is a significantly important but complex challenge. If we view all the risks in a firm as an integrated system, we can apply a computer-assisted learning process called Interpretive Structural Modeling (ISM) to construct a structural graph and i...

Top executives incentives and risk management are important contents of corporate governance research. However, few empirical data studies of risk management take top level manager incentives economic benefit into account, and the executive incentives effectiveness is unclear in most studies, the paper collected empirical data of listed companies in financial industry in 2008-2013, and we found...

Enterprise risk management (ERM) has raised increasing concern in the field of risk management, and brought practical revenues to enterprises in today’s complex interrelated global business environment. It is a valuable question for China enterprises how to improve the ERM performance. Based upon ERM implemental goals published by COSO, we user elevant data from non-financial listed corporation...

Networks increase interdependencies and this creates challenges for managing risks. This is especially apparent in areas such as security and enterprise risk management, where the actions of a single player in an interconnected network can wreak havoc on everyone in the network. The network, in this case, is only as strong as its weakest link. There are related problems in encouraging investmen...

The managing of risks and uncertainties in today’s competitive financial services industry is central to the survival and performance of financial organisations. Enterprise risk management (ERM) is an emerging approach to managing risks across different business functions in an organisation that represents a paradigm shift from specialized, silo-ed approaches in managing specific risks. This pa...

In today’s uncertain and unpredictable environment, business organisations are facing increasing risks, some even threatening their continual existence (Meulbroek, 2002). Numerous changes, such as, rapidly changing technology, climate change, globalisation and shorter product life cycles, have created an increasing degree of risk exposure for business organisations. Moreover, recent corporate s...

Obwohl das IT-Risikomanagement (IT-RM) ein wichtiges Teilsystem des unternehmensweiten Risikomanagements (Enterprise Risk Management, ERM) darstellt, ist in der Praxis oft nur eine schwache Kopplung beider festzustellen. Es mangelt an Gestaltungsempfehlungen, um die Integration zu verbessern. Der Beitrag thematisiert die Integration von IT-RM und ERM auf Ebene ihrer Begrifflichkeiten (Konzepte)...

The typical insurance firm is subject to a wide variety of risks. Understanding and quantifying the interrelationships between individual risk elements is a significantly important but complex challenge. If we view all the risks in a firm as an integrated system, we can apply a computer-assisted learning process called Interpretive Structural Modeling (ISM) to construct a structural graph and i...

Risk-based regulation and risk governance gain momentum in most sectorial ecosystems, should they be the finance, the healthcare or the telecommunications ecosystems. Although there is a profusion of tools to address this issue at the corporate level, worth is to note that no solution fulfils this function at the ecosystem level yet. Therefore, in this article, the Business Service Ecosystem (B...