Purpose To explore the principles of risk management and the role of insurance within these principles
“There are few areas of accounting that need improvement more than the accounting for business combinations. The current accounting literature allows two economically similar business combinations to be accounted for using different accounting methods that produce dramatically different financial results, which is confusing to investors.”
A second edition is always a cause for celebration. For the publisher, it confirms his hope that the product he sponsored would continue to be successful economically. For the author, the implications are even more delicious. His message has been understood, studied, and used. One could rarely ask for more from a professional thinker and a proponent ofbetter ways to think. To me the most s…
Organizations find information security and computer security require a lot of attention. As more and more of our lives and livelihoods become digital and interconnected, protecting that information naturally becomes more important. With increasing importance, these fields relate to a wider audience than the technical folks who manufacture, install, and manage computer resources. Technologists …
The main aim of this book is motivating readers on the potential of mobile clouds for implementing a large number of possible solutions needed or emerging in our present and future mobile and wireless world. Given that mobile clouds as such is a relatively new concept, a complete account of mobile cloud technology is not yet available. The goal of this book is to serve as an inspiring source …
Economic Development, Eleventh Edition, presents the latest thinking in economic development with the clear and comprehensive approach that has been so well received in both the developed and developing worlds. The pace and scope of economic development continues its rapid, uneven, and sometimes unexpected evolution. This text explains the unprecedented progress that has been made in many …
In this chapter, we build first a univariate and then a multivariate filtered historical simulation (FHS) model for financial risk management. Both the univariate and multivariate methods simulate future returns from a model using historical return innovations. While the former relies on portfolio returns filtered by a dynamic variance model, the latter uses individual or base asset return …
From all that I have observed throughout the years, whether as President and CEO of companies or as an industry observer, I know you can only ignore the suggestions of Pham’s book … at your own peril. And it’s a heck of a lot less money than getting this same advice from an expensive team of traditional consultants; it’s faster and easy to implement the ideas in this book; and it will h…
Abstract Measuring and managing exchange rate risk exposure is important for reducing a firm’s vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently …
In a nation, the law can serve to (1) keep the peace, (2) maintain the status quo, (3) preserve individual rights, (4) protect minorities against majorities, (5) promote social justice, and (6) provide for orderly social change. Some legal systems serve these purposes better than others. Although a nation ruled by an authoritarian government may keep the peace and maintain the status quo, i…
Following the success of the first edition of Dinero, Crédito Bancario y Ciclos Económicos, which sold out rapidly, I am pleased to present the second edition to Spanish-speaking readers. To avoid confusion and facilitate the work of scholars and researchers, the contents, structure, and page numbering of the first edition have been maintained in the second, though the book has been tho…
T HIS book is the outcome of an invitation by the Warden and Fellows of All Souls to deliver the Chichele Lectures for 1966. The lectures as delivered were four in number. But since then I have added three more in order to make the coverage more adequate. My objective is very limited. I concentrate solely on the history of the main propositions of the theory of development·as they would …
One of the core commitments of most international humanitarian organizations is to strengthen the capacity of local agencies to respond to crises and to participate more fully in their respective civil societies. To do anything less, the agencies argue persuasively, would be to leave those societies vulnerable to recurring emergencies. The track record of humanitarian organizations, howeve…
Vital and forward thinking – focused on the needs of project management professionals worldwide; that’s the Project Management Institute of today. We’ve long been acknowledged as a pioneer in the field and now our membership represents a truly global community, with nearly 370,000 professionals, representing over 185 countries. PMI professionals come from virtually every major industry…
The fifth edition of The Marketing Book is a testimony to both the continuing demand for an authoritative overview of the marketing discipline and the constantly changing nature of its subject matter. First published in 1987 to coincide with the Editor’s appointment as the first academic National Chairman of the Institute of Marketing, the original concept was: To produce an authoritative…
Since their introduction, the wireless local area networks (LANs) have attracted the interest of professionals, faced with the needs of mobility and network connectivity to their organization. 802.11 networks, standardized by the IEEE in 1997 [1] has rapidly become until, in some cases, replace traditional wired networks like Ethernet. Since their arrival on the market, the steady evolution of …
The idea for this volume came with the formation of the Community of Evaluators (CoE) for South Asia in 2008. The CoE’s goal is to enhance the field of evaluation. That initiative brought together a group of evaluators from across South Asia interested in working together to strengthen the quality, use, and relevance of evaluation in the region. Dedicated evaluators came together from se…
The domestic and foreign research on text clustering be too numerous to enumerate, related technology is becoming mature. Clustering algorithm is the key technology of text clustering; the choice of algorithm will also affect the final clustering results. At present, the domestic and foreign experts are working on improving algorithm and clustering algorithm integrated application research. How…