Corporate Global Responsibility and Reputation Risk Management

Cassano, Raffaella

doi:10.4468/2019.1.10cassano

Cited by 6 publications

(5 citation statements)

References 31 publications

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“…A separate area of research is the analysis and assessment of certain types of risks. For example, in [34], reputational risk management has been explored, while in [35], risk management practices of internationalized SMEs in the context of export risks have been examined and the companies' export opportunities have also been assessed.…”

Section: Literature Reviewmentioning

confidence: 99%

Developing a Numerical Method of Risk Management Taking into Account the Decision-Maker’s Subjective Attitude Towards Multifactorial Risks

et al. 2023

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Risk involves identifying several options that the decision-maker can opt for while making a choice either in the direction of risk or reliability. In this approach, risk is defined as the action of the subject which will lead to the loss or guaranteed safety of what has been achieved. As the uncertainty of the external business environment increases for companies, the task of managing risks both individually and as a set of risks becomes more and more relevant. The purpose of this study is to solve the problem of managing multifactorial risks using mathematical methods for determining the optimal risk management trajectories separately for each factor. To determine the optimal risk management trajectories for each factor, a numerical method is used based on the choice of the most effective direction, which is defined as the ratio of risk change to cost change. An information system prototype has been created that can support the management of a set of risks. Approbation of the information system was carried out on an example containing two conceptual risk factors. The proposed prototype builds a three-dimensional risk map by interpolating the risk matrix entered by the risk manager using an additive–multiplicative aggregation procedure, as well as optimal risk management trajectories for all entered risk factors.

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Section: Literature Reviewmentioning

confidence: 99%

Developing a Numerical Method of Risk Management Taking into Account the Decision-Maker’s Subjective Attitude Towards Multifactorial Risks

et al. 2023

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“…The main thing that can be stated is its actual presence, which is far from obvious for many companies. Secondly, bureaucracy largely insures against outright theft and overt sabotage of the employees (Cassano 2019). Thirdly, it somehow guarantees decision-making, despite being time-consuming (Hao and Kang 2019).…”

Section: Analysis Of the Theory Of Bureaucracy In The System Of Risk ...mentioning

confidence: 99%

Introduction of a Corporate Security Risk Management System: The Experience of Poland

Kalina

Khurdei

Shevchuk

et al. 2022

JRFM

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To ensure the economic security of companies, it is necessary to introduce a risk management system based on the use of various tools, especially financial ones. The purpose of the article is to scientifically substantiate the paradigm of integration of the risk management mechanism into the system of economic security in companies on the basis of risk-oriented management. The main study method was an online survey of 50 Polish companies in January–April 2021 using a developed questionnaire consisting of 40 questions. According to the results of the expert survey, it is determined that regardless of the type of economic activity of the enterprise, the main goal of introducing risk-oriented management is to preserve assets and increase the efficiency of financial and economic processes. The introduction of risk-oriented management is perceived as a tool to increase the value of the company and ensure the achievement of strategic goals. Fraud is a significant risk to the state of economic security for modern enterprises. To prevent the fact of fraud, taking into account the specifics of the operation of companies, it is suggested to conduct an annual examination. As a result, the suggested procedure should include an audit (audit of financial statements, forensics, transition to international financial reporting standards, audit of systems and processes), assessment (assessment for audit and reporting in accordance with international financial reporting standards, risk management assessment in accordance with international standards, assessment of the effectiveness of economic security), tax analytics (identification of tax risks, analysis of compliance with tax legislation, tax audit), and a due diligence procedure for investment objects.

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“…[4] Examined 2823 European Union that highlights the role of capital intensity as the relationship between labour productivity and [11] environmental performance depends on it. [5] The study analyses the relationship among interests of stakeholders, reputational risk and extent of corporate responsibility. [6] The authors reviewed 125 papers and proposed a systematic assessment of supply chain resilience.…”

Section: Literature Reviewmentioning

confidence: 99%

Analyzing and Prioritizing Risks Including Circular Economy Initiatives in Supply Chains

2022

IRJMETS

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The continual use of resources is a key ingredient in the sustainability of the company circular economy helps to reduce the proper pressure on the environment, improving the security of the supply of raw materials, increasing competitiveness, stimulating innovation, boosting economic growth but also they impose risk on the industry. This paper works on the insights of supply chain (SC) system in India using statistical methods to understand the cause-effect of different risk associated with the supply chain with the help of further analysis using regression and averaging the combined effect of the risk on every other risk to prioritize the factors to reduce the risks.

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Corporate Global Responsibility and Reputation Risk Management

Cited by 6 publications

References 31 publications

Developing a Numerical Method of Risk Management Taking into Account the Decision-Maker’s Subjective Attitude Towards Multifactorial Risks

Developing a Numerical Method of Risk Management Taking into Account the Decision-Maker’s Subjective Attitude Towards Multifactorial Risks

Introduction of a Corporate Security Risk Management System: The Experience of Poland

Analyzing and Prioritizing Risks Including Circular Economy Initiatives in Supply Chains

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