Journal ArticleDOI
Against the Gods: The Remarkable Story of Risk
TLDR
The history of Lloyd's of London, the famous insurance firm, is described in this paper, where the authors describe the many intriguing people and tantalizing mysteries so peculiar to the mathematics of chance.Abstract:
ural and Political Observations Made upon the Bills of Mortality (1662) stands as the first great example of modern statistical data analysis, Bernstein also spends some time telling us about the genesis of Lloyd’s of London, the famous insurance firm. This weaving of topics that are standard in the history of probability and statistics with many that are not is one of the strengths and attractions of the book. Another is the obvious zest with which Bernstein describes the many intriguing people and tantalizing mysteries so peculiar to the mathematics of chance.read more
Citations
More filters
Book
Quantitative Risk Management: Concepts, Techniques, and Tools
TL;DR: The most comprehensive treatment of the theoretical concepts and modelling techniques of quantitative risk management can be found in this paper, where the authors describe the latest advances in the field, including market, credit and operational risk modelling.
Journal ArticleDOI
New Practice Creation: An Institutional Perspective on Innovation
Michael Lounsbury,Ellen Crumley +1 more
TL;DR: This article examined the case of the creation of active money management practice in the US mutual fund industry, drawing on both institutional and practice scholarship, to develop a process model of new practice creation that redirects attention toward the multiplicity of actors that interactively produce change.
Journal ArticleDOI
Social risk management : a new conceptual framework for social protection and beyond
TL;DR: In this paper, a new definition, and conceptual framework for social protection, grounded in social risk management, is proposed, which repositions the traditional areas of social protection (labor market intervention, social insurance, and social safety nets) in a framework that includes three strategies to deal with risk (prevention, mitigation, and coping), three levels of formality of risk management (informal, market-based, public), and, many actors (individuals, households, communities, non-governmental organizations, governments at various levels, and international organizations) against the background
Journal ArticleDOI
Founding Family Controlled Firms: Performance, Risk, and Value
TL;DR: In this paper, an agency theory framework is used to test the effects of founding family control on firm performance, capital structure, and value, and the results show that the effect of controlling founding families on a firm's performance and capital structure is positively correlated with its value.
Posted Content
Critical reflections on regulation
TL;DR: A decentred understanding of regulation has several strands, and seeing the nature and problems of regulation from a decentred perspective can be very stimulating as discussed by the authors, enabling commentators to spot regulation in previously unsuspected places, and it can prompt policy thinkers in academia and government to consider a wide range of different configurations of state, market, community, associations and networks.
References
More filters
Book
Quantitative Risk Management: Concepts, Techniques, and Tools
TL;DR: The most comprehensive treatment of the theoretical concepts and modelling techniques of quantitative risk management can be found in this paper, where the authors describe the latest advances in the field, including market, credit and operational risk modelling.
Journal ArticleDOI
The nature of procrastination: A meta-analytic and theoretical review of quintessential self-regulatory failure.
TL;DR: Strong and consistent predictors of procrastination were task aversiveness, task delay, self-efficacy, and impulsiveness, as well as conscientiousness and its facets of self-control, distractibility, organization, and achievement motivation.
Journal ArticleDOI
New Practice Creation: An Institutional Perspective on Innovation
Michael Lounsbury,Ellen Crumley +1 more
TL;DR: This article examined the case of the creation of active money management practice in the US mutual fund industry, drawing on both institutional and practice scholarship, to develop a process model of new practice creation that redirects attention toward the multiplicity of actors that interactively produce change.
Journal ArticleDOI
Social risk management : a new conceptual framework for social protection and beyond
TL;DR: In this paper, a new definition, and conceptual framework for social protection, grounded in social risk management, is proposed, which repositions the traditional areas of social protection (labor market intervention, social insurance, and social safety nets) in a framework that includes three strategies to deal with risk (prevention, mitigation, and coping), three levels of formality of risk management (informal, market-based, public), and, many actors (individuals, households, communities, non-governmental organizations, governments at various levels, and international organizations) against the background
Journal ArticleDOI
Founding Family Controlled Firms: Performance, Risk, and Value
TL;DR: In this paper, an agency theory framework is used to test the effects of founding family control on firm performance, capital structure, and value, and the results show that the effect of controlling founding families on a firm's performance and capital structure is positively correlated with its value.