We incorporate long-term defaultable corporate bonds and credit risk in a dynamic stochastic general equilibrium business cycle model. Credit risk amplifies aggregate technology shocks. The debt-capital ratio is a new state variable and its endogenous movements provide a propagation mechanism. The model can match the persistence and volatility of output growth as well as the mean equity premium...

The regulation of business and corporate risk management are inextricably related. Regulation is one way in which risks are managed in modern societies and corporate risk management is a form of self-regulation, although senior management would not articulate it in such terms. In practice, the distinction between regulation and risk management is becoming blurred as risk management blueprints i...

background economic consequence analysis is vital for recognizing pipeline comprehensive risk analysis and emergency response planning. objectives the purpose of this study was to estimate economic loss due to fire and explosion in petrochemical feed and product pipelines. materials and methods the present study which performed on 47 pipelines of a petrochemical special zone, pertinent pipeline...

In today's world, COVID-19 pandemic has affected many organizations. Pandemic issues have created financial and social problems for businesses. Crisis and risk management have a significant impact on reducing consequences of pandemics. Rapid response to risk enhances the performance of organizations in times of crisis. Therefore, a framework to provide risk treatment in a pandemic crisis seems ...

With the development of technologies such as Business Process Execution Language (BPEL), a business-process centric approach to design of information systems has emerged. This approach calls for the modeling and analysis of the business process— both to document it as well as to analyze its risk characteristics – specifically, the risk of errors in the data produced by the process. This focus o...

This paper discusses the background and results of a research project which was conducted by ENISA (European Network and Information Security Agency) in cooperation with the BOC Information Technologies Consulting GmbH. The project was initiated with respect to the main task of ENISA: ensuring a high and effective level of network and information security within organisations in the European Un...

A bank as a business units needs to have liquid assets which can be easily converted into cash at short notice. Thus the concept of liquidity risk management is important for any commercial banks. The impact of liquidity position in management of banks have remained significant, though very elusive in the process of investment analysis vis-à-vis bank portfolio management. In addition, liquidity...