The Key to Risk Management: Management

Preprint OPEN
Adrian E. Tschoegl;

The Barings, Daiwa Bank and Sumitomo Corp. financial debacles in the mid-1990s suggest that management failures rather than misfortune, errors, or complexity are a major source of the risk of financial debacles. These errors are systematic and are a concommittant of the... View more
  • References (34)
    34 references, page 1 of 4

    Ammer, J.; Brunner, A.D. (1997): „Are banks market timers or market makers? Explaining foreign exchange trading profits”, Journal of International Financial Markets, Institutions & Money 7:43-60.

    Bikhchandani, S.; Hirshleifer, D.; Welch, I. (1992): „A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades”. Journal of Political Economy 100:992-1026.

    Brown, R. G. (1971): „Detection of turning points in a time series”. Decision Sciences 2:383-403.

    Dörner, D. (1997): „The Logic of Failure”. Reading, MA: Addison-Wesley.

    Gibrat, R. (1931): „Les inegalités économiques”. Paris: Recueil Sirey.

    Grammatikos, T.; Saunders, A.; Swary, I. (1986): „Returns and Risls of U.S. Bank Currency Activities”, Journal of Finance 41 (3):671-682.

    Harrington, D.G.; Lawton, T.C. (2003) „The Internationalization of Allied Irish Banks”. ECCH Case 303-015-1.

    Henriksson, R.D., and R.C. Merton (1981): „On Market Timing and Investment Performance. II. Statistical Procedures for Evaluating Forecasting Skills”, Journal of Business 54 (4):513-33.

    Heuer, R.J., Jr. (1978): „Cognitive Biases: Problems in Hindsight Analysis”. Studies in Intelligence 22 (2):21-28.

    Hirschman, A. O. (1979): „Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations and States, Cambridge, MA: Harvard Univ. Press.

  • Metrics
Share - Bookmark