Society’s attitude toward seismic risk, in the last few years, has evolved from fatalistic to proactive. This paper presents an approach in the area of seismic risk management. The objective is to implement a methodology in a seismic prone area in an earthquake risk management framework, based on the case study of the island of Lefkada. A tool to assist in the selection of an intervention proac...

The importance of information as a resource and competitive factor in today’s society and economy is constantly rising. As a consequence, it becomes necessary for organizations to manage the risks that arise from poor information quality (IQ) in the same way other operational and strategic risks are managed. Information is, however, an unique and intangible resource that requires special method...

New product development (NPD) is a major driver of firm growth and sustainable competitive advantage, yet risks are intrinsic in NPD in all industries. Thus understanding, identifying, managing, and reducing risk is of strategic importance for firms. In this research, we synthesize and build on previous research, and propose a three-dimensional risk management framework for NPD. We empirically ...

Risk analysis is an important tool for developers to establish the appropriate protection level of a system. Unfortunately, the shifting environment of components and component-based systems is not adequately addressed by traditional risk analysis methods. This paper addresses this problem from a theoretical perspective by proposing a denotational model for component-based risk analysis. In ord...

The aim of this paper is to propose a method for the evaluation of tunnel safety using probabilistic risk assessment. The framework includes three criteria; personal-, societal-and economic risk. The use of personal and societal risk is becoming more and more widespread. There are however, still some difficulties in using the economic risk criterion. Thus, as a first step towards economic risk ...

This working paper series shares research produced as part of the Fukushima Global Communication (FGC) Programme, a research initiative of the United Nations University Institute for the Advanced Study of Sustainability (UNU‐IAS). The FGC Programme applies a human security approach to examine impacts of the Great East Japan Earthquake, tsunami and nuclear accident of 11 March, 2011 on people an...

This paper utilizes nonparametric tests to investigate the following hypotheses: One, that there is no difference in household wealth distributions derived from the Survey of Consumer Finances for three survey years during the 1990s, namely, 1992, 1995, and 1998. Two, that there is consistency between households attitudes to taking financial risk and their financial risk taking behavior. Three ...

This paper identifies the macroeconomic factors that influence Italian equity returns and tests the stability of their relation with securities returns. In the sixteen-year period that has been analyzed the relation between stock returns and the macroeconomic factors is found to be highly unstable: not only are the betas of individual securities virtually uncorrelated over time, but a high perc...

This paper illustrates two formulas for assessing independence risk based on the Bayesian and belief-functions frameworks. These formulas can be used to assess the role of threats to auditor independence as well as the role of threat-mitigating safeguards. Also, these formulas provide a basis for evaluation of an audit firm’s independence risk and a framework to educate stakeholders about the t...