ABSTRACT

Risk researchers in the various fields of business have tended to examine particular sources of risk in isolation (Miller, 1992). International management researchers highlight risks owing to political and economic instability, government policy changes, or social unrest. Finance researchers focus on managing the categories of risk for which hedging and insurance instruments apply, such as movements in commodity prices, interest rates, and exchange rates. Operations and management researchers consider hazards arising within particular functional activities, across supply chains, and in dynamic markets.