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Recent high-profile incidents with record high penalties on international banking groups for noncompliance of the AML regulations send a strong message to the CEOs of financial institutions: it is high time to review and refine their AML program thoroughly in all of their operations in different jurisdictions to ensure compliance before it is too late. This paper discusses about the major components...
The concession contract establishes a formal relationship of exchange of service and money between the host government and concessionaire. Ideally, it will specify the obligations and rights of each party under every contingency concerning the future trade, and each party simply follows the specified instructions. This contracting mechanism, however, is flawed due to three problems: moral hazard,...
Three main changes to current risk analysis processes are proposed to improve their transparency, openness, and accountability. First, the addition of a formal framing stage would allow interested parties, experts and officials to work together as needed to gain an initial shared understanding of the issue, the objectives of regulatory action, and alternative risk management measures. Second, the...
Article describes the social health insurance fund management in China's current situation, analysis of the social health insurance funds face from the political, economic, social, and moral, many levels of the various risks and challenges, proposed to speed up legislation, strengthen management, improve supervision, efficiency measures.
The models of incentive and supervising between owner and operator under the condition of non-cooperation were advanced when there was one variable of operator's endeavor. And this paper established the mechanisms of incentive and supervising between owner and operator under asymmetric information after solving the two models, then, advanced the cooperation game model in participant's distribution...
As a way of risk management, insurance plays an important role in people's daily life. Health insurance becomes one of the most concerned types of insurance because it related to health, which is paid much attention by people. Because of information asymmetry and the participation of physician, health insurance market has developed a unique principal-agent relationship of three participants, which...
This paper takes a comprehensive positive test on the crisis management style and crisis management performance about the China food enterprises based on corporate social responsibility. The results consistently show that CSR influences deeply food enterprises crisis management styles. Therefore CSR is an effective approach for crisis management; China food enterprises should take CSR as the most...
The study divides the risks caused by enterprise human capital investment (EHCI) into two types: prediction risk and incentive risk, according to whether the risk reason is related to the subjectivity of the invested object or not. Then the study analyses the characteristics of the incentive risk, and sets forth the means to control the incentive risk as viewed from investment.
Classic financial theory suggests that the external environment is effective, and there is no agent problem in corporate finance decision-making. However, actual market always deviates from the efficient market, corporate finance decision-making need to take into account manager's moral hazard. In this paper, we analyze the effect of capital structure on over-investment and on-the-job consumption...
The economic relationship among the owners and the contractors of construction project is a kind of principal-agent relationship of strict economic meaning. After analyzing the principle-agent relationship formed in construction project bidding, which produce the problems and the reasons, the constraints conditions of design on the mechanism of construction project bidding are further analyzed, then,...
Opportunism is the main reason for alliance relational risk and performance risk and even for alliances failure. In the context of asymmetric alliance, the paper analyses the alliance risk factors, suggests that asymmetric information, unbalanced contribution perception, asymmetric learning race, culture confliction, is the four risk factors that can not be ignored for alliances between large and...
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