Journal of Operational Risk最新文献

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Machine learning for categorization of operational risk events using textual description 使用文本描述对操作风险事件进行分类的机器学习
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2022-01-01 DOI: 10.21314/jop.2022.026
Suren Pakhchanyan, C. Fieberg, Daniel Metko, Thomas Kaspereit
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引用次数: 2
How climate change may impact operational risk 气候变化如何影响运营风险
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2022-01-01 DOI: 10.21314/jop.2022.023
Michael Grimwade
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引用次数: 0
The Compliance Index: a behavioral approach to compliance risk management in the (post-) Covid-19 era 合规指数:(后)新冠肺炎时代合规风险管理的行为方法
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2022-01-01 DOI: 10.21314/jop.2022.020
S. Rick, Ralf Jasny
{"title":"The Compliance Index: a behavioral approach to compliance risk management in the (post-) Covid-19 era","authors":"S. Rick, Ralf Jasny","doi":"10.21314/jop.2022.020","DOIUrl":"https://doi.org/10.21314/jop.2022.020","url":null,"abstract":"The Covid-19 pandemic, with its new hybrid work models, has meant that conventional control systems set up for controlling and monitoring the effectiveness of compliance programs quickly reached their natural limits. In particular, when employees work from home, formal controls (such as auditing and monitoring procedures) to mitigate compliance risk are difficult or impossible to implement for legal and technical reasons. Thus, a paradigm shift away from such controls to a behavioral approach is required. To address the changes in the workplace triggered by the Covid-19 pandemic, we present the Compliance Index, which places the legitimacy of compliance programs in organizations at the center of these considerations. The Compliance Index is an empirically based behavioral measurement system for controlling and monitoring the effectiveness of compliance programs to mitigate compliance risk. We discuss the nature and purpose of the Compliance Index and explain the theory underlying the model and the quantitative approach employed to estimate the model parameters. We find that ethical leadership and compliance programs that focus, for example, on detecting misconduct, pursuing complaints or penalizing rule violations have a positive effect on the legitimacy of compliance programs;the legitimacy of compliance programs has a positive effect on employees’ willingness to report violations;and the legitimacy of compliance programs has a negative effect on compliance risk. Finally, we discuss the impact of the Compliance Index on the work of practitioners and highlight approaches for further research. © 2022 Infopro Digital Risk (IP) Limited.","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"187 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73605823","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
Ex-intrusion corporate cyber risk: evidence from internet protocol networks 前入侵企业网络风险:来自互联网协议网络的证据
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-09-22 DOI: 10.21314/jop.2021.007
Bill Francis, Wenyao Hu, Thomas D. Shohfi
{"title":"Ex-intrusion corporate cyber risk: evidence from internet protocol networks","authors":"Bill Francis, Wenyao Hu, Thomas D. Shohfi","doi":"10.21314/jop.2021.007","DOIUrl":"https://doi.org/10.21314/jop.2021.007","url":null,"abstract":"Previous event studies of corporate cyber-risk have been limited to successful attacks on public firms but are biased samples constructed based on the economic magnitude of equity losses. To address this selection bias, we construct a larger and more representative sample of cyber intrusions only to find diminished negative equity (and insignificant corporate bond) market reactions compared to these prior studies. To identify cyber-risk irrespective of observing successful attacks, we match public firms to Internet protocol (IP) network data from the American Registry for Internet Numbers (ARIN) from 1991 to 2017. We find that both stockholders and creditors incorporate external IP network size into firm value. Further, debt and equity market reactions to cyberattacks are mitigated for firms with registered IP networks and that have larger network deployments. Overall, our study demonstrates an important public data source that can help institutions proxy for and more accurately price firm cybersecurity risk.","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42642400","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
On modeling contagion in the formation of operational risk loss 论操作风险损失形成中的传染模型
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-07-26 DOI: 10.21314/jop.2021.003
Xiang Gao, Zhan Wang
{"title":"On modeling contagion in the formation of operational risk loss","authors":"Xiang Gao, Zhan Wang","doi":"10.21314/jop.2021.003","DOIUrl":"https://doi.org/10.21314/jop.2021.003","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43765830","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
Bank supervision: lessons from the post-2008 banking crisis 银行监管:2008年后银行业危机的教训
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-02-23 DOI: 10.21314/JOP.2020.251
J. Quick
{"title":"Bank supervision: lessons from the post-2008 banking crisis","authors":"J. Quick","doi":"10.21314/JOP.2020.251","DOIUrl":"https://doi.org/10.21314/JOP.2020.251","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"56 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75347780","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
Key impact deep dive (KIDD) 关键冲击深度潜水(KIDD)
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-01-01 DOI: 10.21314/jop.2021.008
P. Umande
{"title":"Key impact deep dive (KIDD)","authors":"P. Umande","doi":"10.21314/jop.2021.008","DOIUrl":"https://doi.org/10.21314/jop.2021.008","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67707036","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
Fighting Covid-19 in countries and operational risk in banks: similarities in risk management processes 各国抗击Covid-19和银行操作风险:风险管理流程的相似性
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-01-01 DOI: 10.21314/jop.2021.010
Thomas Kaiser
{"title":"Fighting Covid-19 in countries and operational risk in banks: similarities in risk management processes","authors":"Thomas Kaiser","doi":"10.21314/jop.2021.010","DOIUrl":"https://doi.org/10.21314/jop.2021.010","url":null,"abstract":"Banks have been building, refining and applying operational risk management (including considerations for, but so far not focusing on, pandemics) for more than 20 years. Countries have been dealing with the Covid-19 pandemic for more than a year at the time of writing. Both approaches have a lot of similarities. These encompass the full risk management process: from risk strategy and data collection to modeling and decision-making. Both disciplines could learn from each other to overcome obstacles in effectively mitigating major risks, among them future pandemics.","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67707051","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
Nonhomogeneous bivariate compound Poisson process with short-term periodicity 具有短期周期的非齐次二元复合泊松过程
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-01-01 DOI: 10.21314/jop.2021.005
Ali Sakhaei,Parviz Nasiri
{"title":"Nonhomogeneous bivariate compound Poisson process with short-term periodicity","authors":"Ali Sakhaei,Parviz Nasiri","doi":"10.21314/jop.2021.005","DOIUrl":"https://doi.org/10.21314/jop.2021.005","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"192 2","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138507762","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
Regulatory arbitrage in the use of insurance in the new standardized approach for operational risk capital 监管套利在保险中运用了新的标准化操作风险资本方法
IF 0.5 4区 经济学
Journal of Operational Risk Pub Date : 2021-01-01 DOI: 10.21314/jop.2020.25
Marco Migueis
{"title":"Regulatory arbitrage in the use of insurance in the new standardized approach for operational risk capital","authors":"Marco Migueis","doi":"10.21314/jop.2020.25","DOIUrl":"https://doi.org/10.21314/jop.2020.25","url":null,"abstract":"","PeriodicalId":54030,"journal":{"name":"Journal of Operational Risk","volume":"144 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138543226","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
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