Journal of Operational Risk最新文献

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How does fintech affect the revenue and risk of commercial banks? Evidence from China 金融科技如何影响商业银行的收入和风险?来自中国的证据
4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2023.008
Lixia Yu, Zhenghan Li, Liujue Li
{"title":"How does fintech affect the revenue and risk of commercial banks? Evidence from China","authors":"Lixia Yu, Zhenghan Li, Liujue Li","doi":"10.21314/jop.2023.008","DOIUrl":"https://doi.org/10.21314/jop.2023.008","url":null,"abstract":"Financial technology (fintech) has driven a profound transformation in the finance industry, and the application of various new technologies in the financial sector has brought about changes in the operating environment faced by commercial banks. To assess the impact of fintech on commercial banks, we selected Chinese commercial banks as sample data, calculated the fintech application index at the individual bank level using text mining methods and principal component analysis, and conducted empirical tests using fixed-effect panel regression models. Our results indicate that the application of fintech can effectively increase a bank’s revenue. In terms of risk, using binned groups analysis we found that the development of fintech has a nonlinear, roughly L-shaped relationship with the risk of commercial banks. Further, we also considered the characteristics of the Chinese banking industry for further analysis of the impact of bank-type heterogeneity and to control for sample differences. In addition, we enhanced the robustness of the empirical results using substitution variables, instrumental variable methods and propensity score matching. In conclusion, starting from a new perspective on fintech, using the Chinese banking industry as an example, we offer suggestions for developing the fintech capabilities of banks in developing countries.","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135506064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does board diversity mitigate firm risk-taking? Empirical evidence from China 董事会多元化是否减轻了公司的风险承担?来自中国的经验证据
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2022.035
Furman Ali, Bai Gang, Zohaib Zahib, A. Mughal, Baqir Husnain
{"title":"Does board diversity mitigate firm risk-taking? Empirical evidence from China","authors":"Furman Ali, Bai Gang, Zohaib Zahib, A. Mughal, Baqir Husnain","doi":"10.21314/jop.2022.035","DOIUrl":"https://doi.org/10.21314/jop.2022.035","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"18 4 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89889937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How to choose the dependence types in operational risk measurement? A method considering strength, sensitivity and simplicity 在操作风险度量中如何选择依赖类型?一种考虑强度、灵敏度和简单性的方法
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2023.002
Xiaoqian Zhu, Yinghui Wang, Mingxi Liu, Jianping Li
{"title":"How to choose the dependence types in operational risk measurement? A method considering strength, sensitivity and simplicity","authors":"Xiaoqian Zhu, Yinghui Wang, Mingxi Liu, Jianping Li","doi":"10.21314/jop.2023.002","DOIUrl":"https://doi.org/10.21314/jop.2023.002","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"11 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88582651","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cyber risk definition and classification for financial risk management 金融风险管理中的网络风险定义与分类
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2022.036
Filippo Curti, Jeffrey R. Gerlach, Sophia Kazinnik, Michael Lee, Atanas Mihov
{"title":"Cyber risk definition and classification for financial risk management","authors":"Filippo Curti, Jeffrey R. Gerlach, Sophia Kazinnik, Michael Lee, Atanas Mihov","doi":"10.21314/jop.2022.036","DOIUrl":"https://doi.org/10.21314/jop.2022.036","url":null,"abstract":": Cyber risk is undeniably one of the most critical emerging risks to the financial industry. However, even though cyber risk is recognized as a significant threat to financial institutions and, more generally, to financial stability, the quantification and analysis of cyber risk has not yet matured to the point where it can be consistently measured and managed against corporate risk appetites. This impedes efforts to effectively measure and manage such risk, diminishing institutions’ individual and collective readiness to handle system-level cyber threats. This paper aims to address this gap by providing a preliminary cyber risk definition and classification of cyber risk for risk management purposes. As such, the proposed definition and classification would ensure that adopting institutions are utilizing common language and allowing consistent data collection and sharing. We provide a deeper dive into the reasoning behind the variables we propose to collect and demonstrate how some of the existing cybersecurity events map into our proposed scheme.","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"195 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76949164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Integrating text mining and analytic hierarchy process risk assessment with knowledge graphs for operational risk analysis 将文本挖掘和层次分析法风险评估与知识图谱相结合,进行操作风险分析
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2023.004
Zuzhen Ji, Xuhai Duan, D. Pons, Yong Chen, Zhi Pei
{"title":"Integrating text mining and analytic hierarchy process risk assessment with knowledge graphs for operational risk analysis","authors":"Zuzhen Ji, Xuhai Duan, D. Pons, Yong Chen, Zhi Pei","doi":"10.21314/jop.2023.004","DOIUrl":"https://doi.org/10.21314/jop.2023.004","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"31 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75382870","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Credible value-at-risk 可靠的风险价值
4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2023.005
Peter Mitic
{"title":"Credible value-at-risk","authors":"Peter Mitic","doi":"10.21314/jop.2023.005","DOIUrl":"https://doi.org/10.21314/jop.2023.005","url":null,"abstract":"Some value-at-risk (VaR) calculations yield extremely large results, which are often rejected on the grounds that they are inconsistent with the operational loss profile of the organization concerned. Therefore, an informal limit has effectively been placed on VaR. Hitherto, the concept of a “maximum” VaR has rarely been considered. In this paper, we propose an objective and simple process to determine whether or not a calculated VaR is “too large”, and thereby give a precise definition of “too large” in this context. A simple decision process, using a constant multiplier of the annualized sum of losses, is proposed to reject distributions that produce extremely high VaR values. This decision process works in conjunction with a bootstrap to also reject distributions that produce very low VaR values. Together, they determine whether or not a calculated VaR value is “credible”. A practical guide to using the combined procedures is given, along with a discussion of potential problems and viable solutions to those problems.","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135659821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Application of the radial basis function in solving an operational risk management model: investigating the probability of bank survival with risk reserves 径向基函数在求解操作风险管理模型中的应用:研究有风险准备金的银行生存概率
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2022.034
Mansoureh Rasouli, M. A. Fariborzi Araghi, T. Damercheli
{"title":"Application of the radial basis function in solving an operational risk management model: investigating the probability of bank survival with risk reserves","authors":"Mansoureh Rasouli, M. A. Fariborzi Araghi, T. Damercheli","doi":"10.21314/jop.2022.034","DOIUrl":"https://doi.org/10.21314/jop.2022.034","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"12 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81042779","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Operational risk and regulatory capital: do public and private banks differ? 操作风险和监管资本:公共银行和私人银行有区别吗?
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2023.001
Tarika Singh Sikarwar, Harshita Mathur, Vandana Lothi, Aarti Tomar
{"title":"Operational risk and regulatory capital: do public and private banks differ?","authors":"Tarika Singh Sikarwar, Harshita Mathur, Vandana Lothi, Aarti Tomar","doi":"10.21314/jop.2023.001","DOIUrl":"https://doi.org/10.21314/jop.2023.001","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"32 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76155386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Operational risk: a global examination based on bibliometric analysis 操作风险:基于文献计量分析的全球检查
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2022.031
Haitham Nobanee, Maryam Alhajjar, Mehroz Nida Dilshad, Maitha Sultan Al Kuwaiti, Anoud Abdulla Al Kaabi
{"title":"Operational risk: a global examination based on bibliometric analysis","authors":"Haitham Nobanee, Maryam Alhajjar, Mehroz Nida Dilshad, Maitha Sultan Al Kuwaiti, Anoud Abdulla Al Kaabi","doi":"10.21314/jop.2022.031","DOIUrl":"https://doi.org/10.21314/jop.2022.031","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"12 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85209480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A risk-based internal audit methodology for Greek local government organizations 基于风险的希腊地方政府组织内部审计方法
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2023-01-01 DOI: 10.21314/jop.2022.029
Michail Pazarskis, Andreas G. Koutupis, Maria I. Kyriakou, Stergios Galanis
{"title":"A risk-based internal audit methodology for Greek local government organizations","authors":"Michail Pazarskis, Andreas G. Koutupis, Maria I. Kyriakou, Stergios Galanis","doi":"10.21314/jop.2022.029","DOIUrl":"https://doi.org/10.21314/jop.2022.029","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"37 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73306345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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