Factors Affecting Risk Management Research Articles

Factors Affecting Risk Management Practices of Microfinance Institutions in Ethiopia

Factors Affecting Risk Management Practices of Microfinance Institutions in Ethiopia

Factors Affecting Risk Management in Industrial Companies in Jordan

This study aims to identify and rank the critical factors affecting risk management from the perspective of top and Lower Management in Jordanian industrial companies. Based on a rigorous literature review, critical factors affecting risk management are factors related to (1) flexibility and adaptation in the economic environment; (2) company characteristics; (3) external audit quality; (4) government rules and regulations; (5) top management and the board of directors; (6) organizational structure; (7) internal audit effectiveness; (8) trust; (9) human resources efficiency and training (10); communications (11); information technology (12); and the company’s culture. Quantitative research methods were used. A questionnaire was developed and distributed to a random sample of senior managers of industrial companies in Jordan. Kendall and Mann–Whitney tests, RII, and EFA were used to analyze the acquired data. The results show that all discussed factors have an effect on risk management, and there is no difference between top and Lower Management’s opinions regarding the ranking of the importance of those factors on risk management. This study provides an original perspective on the concept of risk management and the factors that impact it. These findings have important implications for Jordanian industrial companies’ decision makers. Companies should apply the results to their strategies and policies to reduce risks.

IMPROVEMENT OF RISK MANAGEMENT SYSTEMS OF TOURISM ENTERPRISES

The article analyzes the existing risk management systems of tourism enterprises. The need to identify risks and assess the riskiness of situations has been revealed, which in turn will help to make effective management decisions in a timely manner. The main sources of the origin of risks, their role, as well as the factors affecting risk management in the tourism industry are determined. Approaches to defining the concept of risk management at tourist enterprises are analyzed, as well as a set of methods, techniques and measures that allow to predict to a certain extent the occurrence of risky events and take measures to eliminate or reduce the negative consequences of the occurrence of such events. An efficient and effective system of risk management of the activities of tourist enterprises was built on the basis of the conducted research due to a balanced combination of identification, countermeasures and prevention of the occurrence of risks in the future, due to the use of intellectual capital of the management staff of the tourist enterprise. tourism enterprise, ways to minimize the consequences of future risk events, a multi-level concept of risk management based on the implementation of integrated risk management systems at the enterprise. It has been proven that an important stage of the implementation of the risk management system of tourism enterprises is the assessment of the risk at the time of implementation and forecasting its value for future periods in accordance with the given criteria of importance. This will make it possible to assess the trend towards a general reduction of the risk of the enterprise's tourism activity in the long term. It was determined that the implementation of an effective system of activity risk management will allow simultaneous analysis of a large number of individual risks and the degree of their influence on the development of the risk situation. It was concluded that the risk management system takes into account the specific features of the industry and can serve to increase the stability of organizations, primarily financial.

Using Fuzzy Delphi Technique to Identify Financial Factors Affecting Risk Management in Iranian Banks

The intermediary role that commercial banks play between borrowers and lenders is significant for the development of a sustainable and healthy economy. If the banking system uses its collected resources properly, it will have a positive contribution to economic development. However, for this to happen, a bank must ensure that risks are accurately assessed and that appropriate approaches are designed to address potential risks. Due to the increasing integration of management plans in the culture and processes of organizations, various approaches have emerged to oppose the issue, which has caused doubts and shortcomings in its implementation. Therefore, identifying the financial and key factors for the success of management implementation in the organizational environment can help prevent possible defects in the implementation of processes. Therefore, in this study, the key financial factors of the success of implementing organizational management in Iranian banks were investigated. To investigate which of the identified factors in Iranian banks is significant, the fuzzy Delphi technique was used and effective factors were identified using the perspective of experts. The results showed that the factors of appetite and tolerance, willingness to take advantage of opportunities, identification, analysis and response to risk and relationship of sectors, can be effective factors in implementing management Be an organization in Iranian banks.

Kuru Kayısı Tarımında Risk Yönetim Stratejisi Tercihlerini Etkileyen Faktörlerin Multivariate Probit Analizi

Sadece Türkiye‘nin değil dünyanın da en büyük kayısı üretim bölgesi olan Malatya‘da kuru kayısı üreten işletmeler birçok risk ve belirsizlikle karşı karşıyadır. Risklerin yönetimi, üretim etkinliğini belirleyen temel unsurlardan bir tanesi olmasına rağmen, Malatya ilinde ve hatta Türkiye‘de bu konu ile ilgili çalışmaların yetersiz olduğu görülmektedir. Araştırmanın ana amacı, Malatya ilinde kuru kayısının yoğun üretildiği bir alt bölgeden tarım işletmelerinin riske karşı tutumlarının ölçülmesi ve risklerle başa çıkmak amacıyla kullanabilecekleri stratejilerin kullanımını etkileyen faktörlerin belirlenmesidir. Araştırmada, tesadüfî seçilmiş 71 işletmeden anket çalışması yoluyla toplanan veriler kullanılmıştır. Bölgede kayısı işletmelerinde üreticilerin risk karşıtlığı katsayıları “Eşit olasılıklı eşdeğer bedel” yöntemiyle belirlenmiştir. Üreticilerin risk yönetimi stratejisi tercihlerini etkileyen faktörler Multivariate Probit model ile analiz edilmiştir.

Factors Affecting Risk Management in Developing Countries

Factors Affecting Risk Management in Developing Countries

Validation of Factors Affecting Disasters Risk Management in Iranian Hospitals

Background: In disasters, the hospitals’ vulnerability depends on their shortcomings andweaknesses. Therefore, the investigation of possible hazards and vulnerabilities is necessary for effective risk management and planning.Objectives: We aimed to assess the factors affecting risk management of accidents caused by disasters in Iranian hospitals.Methods: In this research, the type of study was quantitative-qualitative. We used a semi-structured interview to identify the factors affecting the risk management of accidents caused by disasters in hospitals from experts and executors of disaster management systems. Then, we utilized a questionnaire that was confirmed by experts based on a five-point Likert scale, including 89 items in 4 dimensions and 20 areas. The construct validity of the questionnaire was done by exploratory and confirmatory factor analysis. Finally, the factors affecting the disaster risk management in hospitals were included in four dimensions of harm reduction, by five domains (planning, rules and regulations, technology and information, human resources, and participation), preparedness including six domains (planning, rules and regulations, technology and information, resource management, human resources, and community participation); the response including five domains (planning, technology and information, human resources and community, partnership, and operations), and recovery including four domains (planning, technology and information, human resources and community, and participation).Results: The Kaiser-Meyer-Olkin (KMO) statistic was 0.963 and so, there was a high correlation between the scale items. There was a significant positive relationship between independents variables such as mitigation (0.74), response (0.70), preparedness (0.68), and recovery (0.63) and the dependent variable of accident risk management caused by disasters in hospitals. Also, the results of structural equations indicated the significant relationship between the independent and dependent variables.Conclusions: The results showed that there was a good fit among the structural model, the experimental data, and expert opinions. The identified variables are suitable to be used in the form of a final model.

Factors affecting risk management among women rice farmers in Sari, Iran

The present study investigated factors affecting risk management by women rice farmers in the township of Sari in Iran. The statistical population comprised 1677 women who cultivate rice in Sari; 248 women were selected for the study using stratified random sampling. The data was analyzed using descriptive and inferential statistics with SPSSWin16 software. The Chronbach’s alpha was 0.84 and the ordinal theta was 0.89. It was found that the women rice farmers were more willing to consult with agricultural experts, were aware of appropriate planting and harvesting times and used collaborative rice farming, such as for planting, in their risk management. Risk management among women rice cultivators in Sari County was influenced by numerous factors. It was found that 29.3% of the variance in risk management by the women was determined by the extent of financial difficulty, their education levels and borrowing resources.

Friendships and intimacy: Promoting the maintenance and development of relationships in residential neurorehabilitation.

Social re-integration after acquired brain injury is an important part of successful rehabilitation outcome, both in terms of return to work and emotional wellbeing. Residential rehabilitation often places individuals at a distance from their pre injury social context. Supporting the maintenance or development of intimate relationships is therefore a crucial aspect of neurobehavioural rehabilitation. However, the development of new relationships is not without risk. To provide a framework for considering interventions around personal and intimate relationships post brain injury, taking into account the complexities of risk assessment and risk management. The authors have used clinical case examples to develop a framework to support risk assessment and intervention planning. The framework has been used in a residential rehabilitation service to support the development and maintenance of intimate relationships post injury. No formal data collection was used. Case examples are used to illustrate how the framework can assist clinical practice. The authors provide a framework to assist clinicians working with complex clinical cases to think through options for intervention to maintain or develop friendships and intimacy whilst taking account of factors affecting risk management.

141. Factors influencing risk management choices (risk reducing surgery or screening) in women at high familial breast cancer risk

Background: Recognition of women with significantly increased familial breast cancer risk allows them to choose how to manage their potential for developing cancer. Management is either surveillance with MRI and mammography at an earlier age or risk reducing mastectomy (with or without reconstruction). Living at increased risk and effects of these management options can lead to significant physical and psychosocial morbidity. This study has examined factors affecting risk management decisions, the impact of living at increased risk and the effects of surveillance and risk reducing surgery in high familial risk women.

Factors Affecting Risk Management of Indoor Campus Recreation Facilities

Factors affecting risk management of indoor campus recreation facilities were studied. Campus recreation directors of 4-year colleges/universities in North America who held memberships in the National Intramural-Recreational Sports Association (NIRSA) responded to a paper survey consisting of 32 dichotomous yes/no and close-ended multiple-choice questions. Questions addressed staff certification requirements, use of waivers, number of automatic external defibrillators (AEDs) in the facility, communication and security devices, health screening of participants, and in-person supervision of the facility. Results showed that facilities are open to participants extensively throughout the 7-day week, thus requiring directors to ensure their risk management procedures are up to date—most notably staff members' CPR and first aid certification, as well as AED training.