Risk and uncertainty affect all human activities, bear on all decisions and shape our everyday experience. In the managerial field the attention devoted to risks of all types and to risk management has been increasing steadily ever since the seventies due to the heightened volatility of the macroeconomic and financial environment, the enhanced speed of transactions and the deep systemic interconnectedness of national economies. Both practitioners and academic researchers devote significant time and effort on improving their knowledge, skills and understanding of risk evaluation and management. Following the wave of this strenuous effort, in these two volumes we collected a selection of research papers presented during the Second International Conference on Risk Management organized at the University of Torino on the 25-26 October 2018. The ambition of the event was to bring together many different perspectives on risk management, without confining the scope to a particular sector, activity or issue. The result of this opening was brilliant. Plenty of contributions were selected by the Conference organizers and rich discussions developed in numerous parallel sessions. The best papers – chosen on the basis of a blind peer-review process – were invited to take part in this publication which is subdivided into two volumes. This first volume has a public management focus, whereas the second is more related to issues faced by companies, intermediaries and investors in the private sector. More in particular, the first volume is divided into two subsections. The firs one presents research contributions on financial risk management in a broad sense, coming across different fields and exploring different perspectives. The papers can be ideally referred to three different research fields, on the basis of the type of risks they analyze: i) credit lending, ii) accounting and finance, iii) international finance. The second subsections deals with corporate strategies for managing uncertainty. The papers reflect the debate on how risk management is changing organizational and management control practices, how risk experts interact with managers, how it increases the value of the firm, and how it is related to accountability and responsibility processes.
The future of risk management, Volume II. Perspectives on financial and corporate strategies
Paola De Vincentiis;Francesca Culasso;Stefano A. Cerrato
2019-01-01
Abstract
Risk and uncertainty affect all human activities, bear on all decisions and shape our everyday experience. In the managerial field the attention devoted to risks of all types and to risk management has been increasing steadily ever since the seventies due to the heightened volatility of the macroeconomic and financial environment, the enhanced speed of transactions and the deep systemic interconnectedness of national economies. Both practitioners and academic researchers devote significant time and effort on improving their knowledge, skills and understanding of risk evaluation and management. Following the wave of this strenuous effort, in these two volumes we collected a selection of research papers presented during the Second International Conference on Risk Management organized at the University of Torino on the 25-26 October 2018. The ambition of the event was to bring together many different perspectives on risk management, without confining the scope to a particular sector, activity or issue. The result of this opening was brilliant. Plenty of contributions were selected by the Conference organizers and rich discussions developed in numerous parallel sessions. The best papers – chosen on the basis of a blind peer-review process – were invited to take part in this publication which is subdivided into two volumes. This first volume has a public management focus, whereas the second is more related to issues faced by companies, intermediaries and investors in the private sector. More in particular, the first volume is divided into two subsections. The firs one presents research contributions on financial risk management in a broad sense, coming across different fields and exploring different perspectives. The papers can be ideally referred to three different research fields, on the basis of the type of risks they analyze: i) credit lending, ii) accounting and finance, iii) international finance. The second subsections deals with corporate strategies for managing uncertainty. The papers reflect the debate on how risk management is changing organizational and management control practices, how risk experts interact with managers, how it increases the value of the firm, and how it is related to accountability and responsibility processes.
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