This paper discusses the design characteristics management accounting systems should have to be useful for strategic planning and control and provides brief introductions to strategic variance analysis and profit-linked performance measurement models. It shows two multi-period, multi-product models (Banker, Chang and Majumdar 1993; Banker and Johnston 1989) are specified, can be related to Port…
This paper investigates the factors influencing banks’ decision to engage in advanced risk management, from both a theoretical and an empirical perspective. In recent decades, credit risk management in banks has become highly sophisticated and banks have become more active and advanced in the management of credit risks. We identify two driving factors for risk management: bank competition…
We live in a world of risk. Some risks are totally unexpected. The September 11, 2001 World Trade Centre attacks in the US, the Tsunami of December 2004, Hurricane Katrina of August 2005, and the Mumbai terrorist strikes of November 2008 are good examples. Other risks can be identified but the magnitude and extent are difficult to estimate. The sub prime crisis is a good example. Not all risks …
The purpose of this study was to investigate the effects of firm size on enterprise risk management for the listed firms in Kenya. Effectiveness of enterprise risk management is measured by financial performance of the listed firms. A descriptive research design was used. Theoretically, ERM adds value to an organization, however there is disagreement among scholars on whether ERM add value to a…
This book will explore issues critical for success in providing e-banking. The aim is to assist organizations in utilising the opportunities offered by this relatively new set of technologies. This book largely restricts itself to the organizational view of the problem, and is therefore primarily focused on organizational internal factors. External factors, such as the political or econ…
This study was carried out to establish the relevance of the current interest rate regime, in relation to the role played by the banking sector of intermediating between the surplus and deficit units of the Zimbabwean economy. The paper analyzed the status quo of the interest rate structure with the inflation relationship. It identified factors that contributed to the current position of fi…
The study carried out an empirical investigation into the quantitative effect of credit risk on the performance of commercial banks in Nigeria over the period of 11 years (2000-2010). Five commercial banking firms were selected on a cross sectional basis for eleven years. The traditional profit theory was employed to formulate profit, measured by Return on Asset (ROA), as a function of the rati…
Today, more than at any previous time, the success of an organization depends on its ability to acquire accurate and timely data about its operations, to manage this data effectively, and to use it to analyze and guide its activities. Phrases such as the information superhighway have become ubiquitous, and information processing is a rapidly growing multibillion dollar industry. The amount …
Due safety and security is not an end in itself but a condition for sustainable access, and is thereby an enabler to aid agencies’ institutional and operational goals of presence and program implementation. Safety and security management are increasingly seen as one element of an organization’s overall risk management, which also includes financial, reputational and legal risks. All organi…
Abstract. Treatments of risk in the international management literature largely focus on particular uncertainties to the exclusion of other interrelated uncertainties. This paper develops a framework for categorizing the uncertainties faced by firms operating internationally and outlines both financial and strategic corporate risk management responses.
Over half of the students who enrol on economics degree courses have not studied mathe- matics beyond GCSE or an equivalent level. These include many mature students whose last encounter with algebra, or any other mathematics beyond basic arithmetic, is now a dim and distant memory. It is mainly for these students that this book is intended. It aims to develop their mathematical ability up …
Business leaders recognise effective risk management as one of the main success drivers for enterprises. Even though the Enterprise Risk Management (ERM) concept has evolved significantly in the past years, in the aftermath of recent economic crises it became evident some of its critical challenges still need to be addressed. The review of subject literature led to a conclusion that current ERM…
Since the turn of the century, legislation in Western countries has ex- panded rapidly to reverse the brief dominance of laissez faire during the nineteenth century. The state no longer merely protects against viola- tions of person and property through murder, rape, or burglary but also restricts "discrimination" against certain minorities, collusive business arrangements, "jaywalking," t…
‘In this short history, Keith Oatley captures the current excitement of the ongoing ‘Affect Revolution’ and its historical antecedents. As psychologists seek to decipher the foundations of the many emotional values of animate existence, they should not forget the many historical roots from which the current blossoming of research is emerging. This gem helps put the field in perspect…