a r t i c l e i n f o This paper examines the frequency and severity of the operational losses incurred by U.S. firms during the period 1990–2007, as reported by Fitch Risk. The losses are examined in relation to the state of the U.S. economy as represented by the unemployment rate, which is the macroeconomic variable that is most intuitively appealing in terms of association with the incidence...

The smooth running of small and medium-sized manufacturing enterprises (SMEs) presents a significant challenge irrespective of the technological and human resources they may have at their disposal. SMEs continuously encounter daily internal and external undesirable events and unwanted setbacks to their operations that detract from their business performance. These are referred to as ‘disturbanc...

Banks have been exposed to operational risk for decades. Therefore, there is a strong reason believe that the exposure will only increase in future due improved transparency as required by regulators well increased reliance on technological automation within banks digital area. The aim of this article was identify leading events most likely lead reputational South African banks. Primary data we...

The business unit level operational risk manager is responsible for measuring, recording, predicting, communicating and controlling operational risks within their organizational units. In support of the risk manager’s role, Bayesian networks have been recommended as a tool for operational risk management. In this research, we describe the development of a Bayesian network model for predicting o...