43 results on '"Physical risk"'
Search Results
2. Spotlight on physical risk: Assessing the banks' stock reaction to the ECB climate stress test
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Fiordelisi, Franco, Ricci, Ornella, and Santilli, Gianluca
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- 2025
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3. How climate risks relate to Chinese green finance markets in time-frequency domains? A consideration of extreme market conditions
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Liu, Rongyan, He, Lingyun, Chen, Ling, and Fu, Yating
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- 2025
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4. Local banks and flood risk: The case of Germany
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Bellia, Mario, Di Girolamo, Erica Francesca, and Pagano, Andrea
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- 2025
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5. Carbon pricing: Necessary but not sufficient
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Cleary, Sean and Willcott, Neal
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- 2024
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6. Evaluating corporate climate risk assessment results: Lessons learned from Taiwan’s top 100 enterprises
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Lee, Chia-Chi, Kuo, Shih-Yun, Lee, Shih-Yu, Hsu, Huang-Hsiung, Chou, Kuei-Tien, Mo, Tung-Li, Pien, Chung-Pei, Kuo, Ya-Ting, Chang, En-Yu, Huang, Kuan-Chun, Hsu, Ling-Ju, Chao, Yi-Meng, Hsiao, Hui-Tsen, and Chang, Ming-Cheng
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- 2024
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7. Climate risk exposure and debt concentration: Evidence from Chinese listed companies.
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Song, Wuqi, Xu, Wenshuai, Qu, Wenzhou, and Gong, Xu
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ECONOMIC impact ,RISK exposure ,CHINESE corporations ,DEBT ,BUSINESS enterprises ,COUNTERPARTY risk - Abstract
We examine the impact of firm‐level climate risk exposure (CRE) on the debt concentration choices of Chinese listed companies over the period 2010–2021. Our findings suggest that CRE prompts firms to choose debt structures with higher concentration, and this relationship holds true for both physical and transition risks. Further analysis reveals that this effect is more pronounced among firms with higher default risk, restricted access to capital, and lower accounting quality. Our findings remain solid to a battery of robustness tests. Collectively, our study sheds light on the economic consequences of through the lens of firms' debt concentration adjustments. [ABSTRACT FROM AUTHOR]
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- 2024
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8. Transition versus physical climate risk pricing in European financial markets: a text-based approach.
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Bua, Giovanna, Kapp, Daniel, Ramella, Federico, and Rognone, Lavinia
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FINANCIAL markets ,ECONOMIC impact ,RISK premiums ,ENVIRONMENTAL, social, & governance factors ,INVESTORS - Abstract
Under its climate regulation, the EU is expected to become the first continent with a net-zero emissions balance. We study the pricing of climate risks, physical and transition, within European markets. Using text-analysis, we construct two novel (daily) physical and transition risk indicators for the period 2005–2021 and two global climate risk vocabularies. Applying our climate risk indices to an asset pricing test framework, we document the emergence of economically significant transition and physical risk premia post-2015. From a firm-level analysis, using firms' GHG emissions, GHG emissions intensity, environmental, and ESG scores, we find that rises in transition (physical) risk are typically associated with an increase (decrease) in the return of green (brown) stocks. Firm-level information is used by investors to proxy firms' climate-risks exposure, especially for transition risk since 2015, whereas the sectoral classification appears to proxy firms' exposures to physical risk. From a country-level analysis emerges an intensified connection between European stock markets and climate risks post-2015, yet with some heterogeneity. Our results have important economic implications and show that investors demand compensation for their exposure to both climate risk types. Our novel climate risk vocabularies and indicators find several applications in identifying, measuring, and studying climate risks. [ABSTRACT FROM AUTHOR]
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- 2024
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9. Climate stress test: bad (or good) news for the market? An event study analisys on euro zone banks
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Torricelli, Costanza, Pederzoli, Chiara, and Ferrari, Fabio
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- 2024
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10. ESTUDO DE CARACTERIZAÇÃO DO CADASTRO TÉCNICO DE ESPAÇO CONFINADO.
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DOS SANTOS, MARCOS ROBERTO and PARMEGIANI MARCUCCI, SILVIO MIGUEL
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FUEL storage ,GRAIN storage ,CLASSIFICATION ,SANITATION - Abstract
Copyright of Journal of Exact Sciences is the property of Master Editora and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
11. Polish household default risk and physical risk of climate change
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Kurowski Łukasz and Sokal Katarzyna
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physical risk ,credit risk ,household debt ,extreme weather ,g21 ,g28 ,Finance ,HG1-9999 - Abstract
This paper aims to assess the level of credit risk (from the perspective of default risk) among Polish households associated with the physical risks of climate change. In order to determine the potential impact of the physical risk of climate change on household credit risk, we conducted CAWI interviews with 1,006 borrowers residing in different Polish voivodeships (to account for heterogeneity of credit exposures to extreme weather events). According to these respondents, wildfires and storms in Poland are the greatest source of physical risk of climate change. In the event of a wildfire or storm, approximately 13% of borrowers would not be able to repay their loans while not being insured, which potentially increases banks’ credit risk and exposes banks to losses. However, we find that households underestimate the credit risk that could arise from a drought.
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- 2023
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12. Polish household default risk and physical risk of climate change.
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Kurowski, Łukasz and Sokal, Katarzyna
- Abstract
This paper aims to assess the level of credit risk (from the perspective of default risk) among Polish households associated with the physical risks of climate change. In order to determine the potential impact of the physical risk of climate change on household credit risk, we conducted CAWI interviews with 1,006 borrowers residing in different Polish voivodeships (to account for heterogeneity of credit exposures to extreme weather events). According to these respondents, wildfires and storms in Poland are the greatest source of physical risk of climate change. In the event of a wildfire or storm, approximately 13% of borrowers would not be able to repay their loans while not being insured, which potentially increases banks' credit risk and exposes banks to losses. However, we find that households underestimate the credit risk that could arise from a drought. [ABSTRACT FROM AUTHOR]
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- 2023
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13. Climate change and corporate cash holdings: Global evidence.
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Javadi, Siamak, Masum, Abdullah‐Al, Aram, Mohsen, and Rao, Ramesh P.
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CLIMATE change ,CASH position of corporations ,ORGANIZATIONAL change - Abstract
Using data from 41 countries, we provide novel empirical evidence that firms' cash holdings are positively associated with their climate change exposure. This evidence is robust to different model specifications and survives a battery of tests to ease concerns related to spurious correlation and omitted variable bias. Using the release of the Stern Review as an exogenous shock to climate change awareness, we show that this association becomes significantly stronger after the release of the Review and particularly so for firms with higher exposure to regulatory and transition risk dimensions of climate change as well as financially constrained firms. Overall, results fit consistently within the precautionary motive framework and suggest that firms hold more cash to safeguard against the adverse impact of climate change. [ABSTRACT FROM AUTHOR]
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- 2023
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14. Corporate responses to climate change risks: evidence from Australia.
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Hewa, Samindi Ishara, Chen, Jinhua, and Mala, Rajni
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RISK managers ,NONGOVERNMENTAL organizations ,BUSINESS enterprises ,CORPORATE governance - Abstract
This study aims to (1) explore the extent to which Australian companies respond to regulatory, physical and market risks associated with climate change, and (2) examine the impact of stakeholder pressure and corporate governance structure on the extent of corporate response to these risks. We collected survey data from 120 top risk managers of Australian companies. Our analysis shows that companies respond to regulatory risks to a greater extent than to physical and market risks. With respect to the impact of stakeholder pressure, the results show that overall, pressure from government, non-governmental organisations, competitors, and the media are positively and significantly associated with companies' climate change risk responses. Disaggregated analyses show differences in how particular stakeholder groups' pressure affects the corporate response to physical risks. With respect to corporate governance structure, the results demonstrate that female representation on the board of directors and existence of a climate change risk committee facilitate companies' increased climate change risk response. [ABSTRACT FROM AUTHOR]
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- 2023
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15. How does the research community contribute to corporate climate‐related risk disclosures? The gap between ideals and reality.
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Lee, Chia‐Chi, Kuo, Shih‐Yun, Hsu, Huang‐Hsiung, Mo, Tung‐Li, Chang, En‐Yu, and Huang, Kuan‐Chun
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SCIENTIFIC community ,DISCLOSURE ,INTERNATIONAL competition ,TASK forces ,FINANCIAL disclosure - Abstract
Since the inception of the Task Force on Climate Related Financial Disclosures (TCFD) and its publication of a series of guidelines to instruct companies how to respond to climate change, physical and transition risks have become must‐know terms for businesses around the world. The development of various physical and transition risk assessment tools has become an urgent task for not only climate service companies but also for the scientific research community. Nevertheless, there is still an obvious gap between the contribution of the scientific research community and enterprise needs for clarification of the TCFD requirements. This article draws on interviews from representatives of more than a dozen related corporations and institutions in Taiwan, including private firms, research units, and industry associations, to understand and summarize their experience and expectations for the research community's contributions to TCFD alignment. The interview findings point out that physical risk assessment, transition risk assessment, data/information disclosure and integration, and policies and systems are the most concerned aspects of the interviewees. Based on these findings, the paper then provides suggestions for improvement by the research community, policy makers, and decision makers, including appropriate policies and systems, localized high‐quality climate services, and international competition, helping to effectively bridge the gap between daily research work and external expectations for the research results. [ABSTRACT FROM AUTHOR]
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- 2023
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16. Estimation of Flood Risk on a residential mortgages portfolio
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Luca Bartolucci, Guido Luciano Genero, Maurizio Pierigè, and Fabio Verachi
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climate risk ,physical risk ,flood risk ,macro-climate scenario ,lgd ,Risk in industry. Risk management ,HD61 - Abstract
In the context of the rapid changes that have occurred in recent years, characterized by veritable 'black swans' such as the COVID-19 pandemic and extreme weather events that are occurring with increasing frequency, the issue of climate change has come into the focus of banking regulators and supervisors. Therefore banking institutions, if they are subject to the Single Supervisory Mechanism, have been called upon to develop (and, subsequently, to integrate into their business practices) methodologies for the identification, quantification and management of such risks, mainly under the profiles of: • Transition Risk, associated with policies undertaken by governments to foster climate change mitigation and adaptation; • Physical Risk, associated with the occurrence of extreme climatic events and its impact on the bank's assets. This paper analyzes one of the most significant hazards within the Physical Risk domain, which is Flood Risk. The measurement is focused on the prospective evolution of the flood events on a portfolio of mortgages secured by residential properties. The impact of this risk driver is subsequently reflected through the movement of appropriate transmission mechanisms on the LGD and PD parameters relating to the exposures in the scope. Finally, the effect on loan adjustments is provided, by recalculating the expected losses that result from the stressed projections. The flood risk projection is executed on a long-term timeframe, developing over 3 climate scenarios up to 2050. The choice of this hazard is due to its relevance in terms of frequency of events and harmfulness, a relevance that is confirmed by its inclusion in both the top-down climate stress testing exercises carried out by the ECB and in the bottom-up climate stress testing exercise promoted by the ECB itself in 2022 and carried out by the SSM Banks. A comprehensive simulation framework, structured as follows, is then presented: • a macro-climate scenario simulation engine; • the downscaling of these scenarios to obtain localized climate effects on individual properties; • the transmission of these effects into a depreciation formula for the individual property; • the LGD stress associated with the devaluation of the collateral property, and the PD stress that goes along with it, obtained by correlation.
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- 2022
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17. A study on sustainable air travel behavior under the possible remedy of risk knowledge: A mediating perspective of risk perception during COVID-19.
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Niemtu, Warangsiri, Qin, Kaida, and Toseef, Muhammad
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RISK perception ,AIR travel ,COMMERCIAL aeronautics ,STRUCTURAL equation modeling ,QUALITY of service - Abstract
The aviation industry is the center of gravity for tourism-dependent countries seeking to uplift their economic activities. The COVID-19 pandemic in the early part of 2020 threatened people and the air industry to the maximum extent. This paper investigated the sustainable air travel behavior of passengers under the risk knowledge path. The mediating role of risk perception, i.e., physical risk, psychological risk, and service quality, was also tested for the risk knowledge-air travel behavior association. We surveyed 339 travelers at six airports in Thailand from January to June 2021 to record their responses. We applied covariance–variance-based structural equation modeling (CB- SEM), and the study results revealed a direct eect of risk knowledge with an indirect impact via risk perception paths on air travel behavior. This paper highlights knowledge as a remedial response to the perceptual makeup of air services sustainability. The study has solid managerial implications for aviation management in the design of ideal pathways for retaining air services during the current public emergency of COVID-19. [ABSTRACT FROM AUTHOR]
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- 2022
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18. A study on sustainable air travel behavior under the possible remedy of risk knowledge: A mediating perspective of risk perception during COVID-19
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Warangsiri Niemtu, Kaida Qin, and Muhammad Toseef
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sustainable air-traveling behavior ,physical risk ,psychological risk ,risk knowledge ,service quality ,Psychology ,BF1-990 - Abstract
The aviation industry is the center of gravity for tourism-dependent countries seeking to uplift their economic activities. The COVID-19 pandemic in the early part of 2020 threatened people and the air industry to the maximum extent. This paper investigated the sustainable air travel behavior of passengers under the risk knowledge path. The mediating role of risk perception, i.e., physical risk, psychological risk, and service quality, was also tested for the risk knowledge-air travel behavior association. We surveyed 339 travelers at six airports in Thailand from January to June 2021 to record their responses. We applied covariance–variance-based structural equation modeling (CB-SEM), and the study results revealed a direct effect of risk knowledge with an indirect impact via risk perception paths on air travel behavior. This paper highlights knowledge as a remedial response to the perceptual makeup of air services sustainability. The study has solid managerial implications for aviation management in the design of ideal pathways for retaining air services during the current public emergency of COVID-19.
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- 2022
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19. Estudio comparativo de las vibraciones generales presentes en las plataformas metálicas industriales sobre estructuras de vigas / Comparative studies of the general vibrations of industrial metal platforms over beam structures
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Raúl Baqués Merino, Arlién Rodríguez Betancourt, Ibis Avila Roque, Meylin Panol Quintana, Minerva Alonso Boffil, and Lerán Ronnie Fernández Serrano
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vibración ,vibraciones generales ,plataformas metálicas ,plataformas industriales ,riesgos físicos ,vibration ,whole body vibration ,metallic platform ,industrial platform ,physical risk ,Medicine (General) ,R5-920 ,Industrial hygiene. Industrial welfare ,HD7260-7780.8 - Abstract
Resumen Introducción: Se realizaron estudios de las vibraciones que se generan en las plataformas metálicas industriales para prevenir la peligrosidad del riesgo en la salud de los trabajadores ex-puestos e identificar las áreas y puestos de trabajo que requieren de medidas de control especial desde la etapa de diseño. Objetivos: Analizar la peligrosidad que representa la propa-gación de las vibraciones generales en las plataformas metálicas industriales y valorar la distribución del riesgo según la potencia motora instalada en ellas. Métodos: Se emplearon tres dosímetros de vibración de la firma danesa Brüel & Kjaer, (Human Vibration Analyzer Type 4447) con el correspondiente acelerómetro triaxial tipo Sead Pad. Los estudios fueron evaluaciones de riesgo para un análi-sis comparado de estas vibraciones en las áreas de trabajo de tres diferentes plataformas metálicas industriales que incluyó procedimientos de ensayo-error para los ajustes necesarios en las mediciones de terreno. Resultados: La norma modificada de la ISO 2631-1,-2 apli-cada para la evaluación de las vibraciones generales sustituyó adecuadamente a la norma cubana NC 19-01-05 vigente, y permitió prevenir el riesgo de exposición a vibraciones no constantes y de impacto, así como los potenciales efectos nocivos generados por las ondas de choque que no se detectan con la metodología establecida en la norma cubana. Conclusión: La propagación de ondas de choque en estas plataformas dependió de la potencia de la maquinaria instalada y por tanto para el control del riesgo se requiere de un diseño adecuado para estas estructuras. Abstract Introduction: Studies of the vibrations generated in industrial metal platforms were carried out to prevent danger of risk to the health of exposed workers and to identify the areas and workstations that require special control measures from the design stage. Objectives: To analyze the danger posed by the propagation of general vibrations in industrial metal platforms and to assess the risk distribution according to the motor power installed in them. Methods: Three vibration dosimeters from the Danish firm Brüel & Kjaer (Human Vibration Analyzer Type 4447) were used, with the corresponding triaxial accelerometer of the Sead Pad type. The studies were risk assessments in view of a comparative analysis of these vibrations in the working areas of three different industrial metal platforms that included trial-error procedures for the necessary adjustments in the field measurements. Results: The modified standard ISO 2631-1, -2 applied to the assessment of general vibrations adequately replaced the currently valid Cuban standard NC 19-01-05, and allowed preventing the risk of exposure to nonconstant and impact vibrations, as well as the potential harmful effects generated by shock waves not detected with the methodology established in the Cuban standard. Conclusion: The propagation of shock waves in these plat-forms depended on the power of the installed machinery; therefore, in order to control the risk, an adequate design for these structures is required.
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- 2022
20. Transmission of flood damage to the real economy and financial intermediation: Simulation analysis using a DSGE model.
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Hashimoto, Ryuichiro and Sudo, Nao
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FLOOD damage , *INTERMEDIATION (Finance) , *INDUSTRIAL productivity , *NATURAL disasters , *CLIMATE change - Abstract
We assess physical risk associated with floods in Japan, using a dynamic stochastic general equilibrium (DSGE) model. We construct a model that incorporates transmission mechanism of floods and estimate the model using the data of flood-induced damage to capital stock and public infrastructure collected by the government in the last 40 years. The result of the analysis is threefold. First, a flood that reduces the private capital stock by about 0.1% as a direct effect causes GDP to fall by about 0.1% in the first period, with a gradual recovery to pre-flood level. Second, floods dampen GDP through multiple channels. From the supply side, a decline in capital stock inputs and total factor productivity (TFP) reduce GDP. From the demand side, the balance sheets of firms and financial intermediaries are impaired, resulting in disruptions to financial intermediation and depressing GDP. Based on our estimates, all these channels are quantitatively comparable in magnitude. Third, the quantitative impacts of flood shocks on GDP up to now have been minor compared to the standard structural shocks that are considered important in existing macroeconomic studies. However, according to the estimates that use the relationship between the key variables in our model together with climate change scenarios published by the Network for Greening the Financial System (NGFS), the impacts of these shocks could become somewhat larger in the future. [ABSTRACT FROM AUTHOR]
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- 2024
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21. Central Bank Policies and Climate Change. Where Do We Stand?
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Vollmer, Uwe
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CENTRAL banking industry ,BANKING policy ,GOVERNMENT policy on climate change ,FINANCIAL security ,MONETARY policy ,CLIMATE change ,PRICE regulation - Abstract
The article reviews the literature on the relationship between climate change and central bank policies. Central banks conduct monetary policy and are responsible for macroprudential supervision. The article focuses on the consequences of transition and physical risks for financial stability and price stability. It also asks what role central banks can play in slowing climate change and what implications climate change has for the future strategy and for the monetary policy framework of the Eurosystem. [ABSTRACT FROM AUTHOR]
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- 2022
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22. Climate risk and IMF surveillance policy: a baseline analysis.
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Ramos, Luma, Gallagher, Kevin P., Stephenson, Corinne, and Monasterolo, Irene
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POLICY analysis , *FINANCIAL security , *FINANCIAL policy , *GOVERNMENT policy on climate change , *FINANCIAL statements - Abstract
The International Monetary Fund (IMF) has been tasked with quickly devising a climate change strategy that helps its members meet collective climate change and development goals while maintaining financial stability. In this paper, we develop an analytical framework of the 'macro-critical' nature of climate change and use that framework to examine the extent to which the IMF has incorporated the macro-economic aspects of climate change in recent years. We deploy textual analysis algorithms to perform a baseline analysis of the extent to which the IMF's main bilateral surveillance activities—Article IV reports and Financial Sector Assessment Programs (FSAPs)—have focused on climate risks between 2017 and 2021. We find that IMF surveillance activity has paid little and uneven attention to climate risks in Article IV reports, and even less so in FSAPs. However, recent Article IV and FSAP assessments have piloted climate risk analyses that present an opportunity to be expanded and incorporated systematically. The analytical framework, baseline analysis, and methodology will allow future analysts to monitor IMF climate performance over time. Key policy insights Multilateral institutions should analyze and incorporate 'macro-critical' climate risks to fiscal and financial systems in their policy frameworks toolkit. The IMF needs to rapidly fill this gap in the climate policy architecture through reforms to its surveillance, advisory, and lending functions. The IMF, as a safeguard of monetary and financial stability, should incorporate climate risks cohesively and comprehensively into its analysis, including spillover or the cross-border consequences of climate change, and reallocate its tools and resources to this end. This paper provides a method and baseline from which to evaluate the evolution of IMF policy toward incorporating climate risk into its bilateral surveillance toolkit, specifically Article IV exercises and FSAPs. [ABSTRACT FROM AUTHOR]
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- 2022
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23. Risks and Safety of Women Healthcare Workers in Aizawl District, Mizoram, India
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Lalrinzuala and H. Elizabeth
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women healthcare workers ,physical risk ,psychological risk ,reproductive risk ,safety measures ,universal safety precautions ,Public aspects of medicine ,RA1-1270 - Abstract
Introduction: The women healthcare workers, besides their role in the promotion, prevention, and protection of health for their patients, are exposed to different types of occupational risk at the workplace. The aim of this study was to explore the types of occupational risk encountered by the women healthcare workers and to assess the health and safety measures implemented for the women healthcare workers. Methods: A cross-sectional study was conducted among one hundred women healthcare workers in Aizawl district, Mizoram, India. A self-structured questionnaire was used to collect data on the respondents' demographic profile, workplace risks, and safety measures. The Work Safety Scale was used to measure the safety measures and was reframed to suit the study's context and person correlation was calculated. Results: The results show that women healthcare workers experience a greater number of physical risks at the workplace i.e., back pain, headache, eye problem, loss of appetite and needle syringe injuries which is followed by psychosocial (anxiety, insomnia, abuse by patients, low self-esteem and depression) and reproductive risks (irregular menstrual cycle, stillbirth, low birth weight and cervical cancer). The health and safety measures implemented for the healthcare workers are satisfied with an average mean score of 3.64. The study revealed that no clear regulations and recommendations on safety measures have been developed by healthcare settings. Conclusion: The study concluded that better regulation is needed, required to protect and safeguard the physical, psychological, and reproductive risks that women healthcare professionals encounter at the workplace.
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- 2022
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24. Physical risk messaging enhances favorable attitudes toward mask wearing.
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Yeh, Marie A., Mirabito, Ann M., and Finkelstein, Stacey R.
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MEDICAL masks , *COVID-19 , *ATTITUDE (Psychology) , *SOCIAL contract , *SOCIAL norms - Abstract
While masks slow the transmission of COVID‐19, many resist wearing them. Extant public service messaging focuses on creating social norms around mask wearing. Drawing on protection motivation theory, we conduct a copy test to determine whether focusing on the physical risks or focusing on the social risks of contracting COVID‐19 is more persuasive in motivating mask wearing. We find that physical risk messaging is more persuasive than social risk messaging and find that the effect is partially mediated by fear of COVID‐19. The mediation is moderated by germ aversion. Specifically, we find people who are high in germ aversion respond to both physical and social risk messaging. However, people low in germ aversion respond only to physical risk messaging—and these are the people who are less likely to wear masks. Our findings offer public health agencies a fresh approach for encouraging those who are resistant to mask wearing to wear a mask. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
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25. How can climate risk stress testing be implemented?
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Hopper, Greg
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PHYSIOLOGICAL stress ,ATMOSPHERIC models ,HURRICANE damage ,GOVERNMENT policy on climate change ,TEMPERATURE effect ,LABOR productivity - Abstract
This paper is a practical introduction to the nascent methodology of climate risk stress testing. After giving a general overview of the physical climate models that underlie climate risk projections, it discusses how a financial institution can leverage open-source physical risk data and climate models employed by the scientific and policy communities to perform both physical and transition risk stress tests. The paper develops two examples of physical risk stress testing: 1) a stress test of the effect of temperature increases on labour productivity; and 2) a stress test of the physical damage of hurricanes. The paper goes on to explain what transition risk is and then explores how models already in use by the climate policy community can serve as a foundation for transition risk stress testing. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
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26. Impact of extreme weather episodes on the Philippine banking sector – Evidence using branch-level supervisory data
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Veronica B. Bayangos, Rafael Augusto D. Cachuela, and Fatima Lourdes E. Del Prado
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Climate change ,Physical risk ,Extreme weather episodes ,Banking supervision ,Sustainable finance ,Banking ,HG1501-3550 - Abstract
There is growing recognition that natural disasters and severe weather-related events pose risks that can potentially and unintentionally affect the financial performance of the banking system. This study provides further indication that severe weather conditions have an impact on the financial performance of smaller banking units. The paper first constructs a regional quarterly rainfall damage index (RDI) based on data from weather stations across the country. A regional branch-level database from supervisory reports is then compiled based on 11,000 banking units from the Bangko Sentral’s (BSP) Branch Regional Information System (BRIS). Using the dynamic panel generalized method of moments (GMM), we find evidence of a deterioration in branch-level loan growth and loan quality as savings and time deposit liabilities contract and nonperforming loans surge following extreme rainfall events from 2014 to 2018. These are particularly evident in regions most vulnerable to severe rainfall episodes and to branches of universal and commercial banks as well as those of rural and cooperative banks. However, the overall negative impact on profitability seems to eventually taper off. These findings are robust across different specifications and alternative estimation methods such as fixed effects and panel vector autoregression estimations.
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- 2021
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27. KRITIČNE TOČKE RIZIKA OD OZLJEDA NA RADU MEDICINSKIH SESTARA.
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Jezl, V., Grgurević, D., and Vitale, K.
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INDUSTRIAL nursing , *WORK environment , *RISK assessment , *PATIENT care , *NURSING informatics - Abstract
The health sector has undergone numerous changes in recent decades that have led to a number of new threats to the health of nurses, as well as new challenges that the field of occupational safety and health needs to overcome. Nursing is the largest of the healthcare professions that is, due to the nature of work, exposed to a large number of potentially dangerous situations and substances. Nursing is characterized by a high sense of personal satisfaction and achievement, but a dynamic work environment witch involving different employee profiles and highly specialized technology, can led to significant health risk, while healthcare sector need healthy nurses to provide quality care to patients. This paper will outline the most important critical points of nursing injury risk, which include various stressors associated with direct patient care such as ergonomic, biological, chemical, physical and psychosocial risks. For this review and analysis, we did a comprehensive literature search in Croatia, Europe and the world by searching the PubMed, Google Scholar, Elseviar, UpToDate and other keyword-based databases from 2000 to 2019. The literature review shows that the occupational safety and health of nurses is very complex and requires in-depth analysis and identification of risks and persons at risk, risk evaluation and prioritization, planning of preventive actions, implementation of actions, and documentation, monitoring and verification of results. [ABSTRACT FROM AUTHOR]
- Published
- 2021
28. Households' inflation expectations and concern about climate change.
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Meinerding, Christoph, Poinelli, Andrea, and Schüler, Yves
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- 2023
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29. Perceived Risk of Fish Consumption in a Low Fish Consumption Country
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Ágoston Temesi, Dawn Birch, Brigitta Plasek, Burak Atilla Eren, and Zoltán Lakner
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perceived risk ,functional risk ,psychological risk ,social risk ,physical risk ,negative past experiences ,Chemical technology ,TP1-1185 - Abstract
Among the numerous health benefits of fish consumption, perhaps the most recognized is the role of omega-3 fatty acids in the prevention of cardiovascular disease. Cardiovascular disease is prevalent in Hungary, which has the lowest fish consumption in Europe. Increasing fish consumption is the aim of most European countries and given the high incidence of cardiovascular disease in Hungary, it is of particular importance. A significant reduction of the VAT for fish in 1 January 2018 aimed to increase fish consumption in Hungary. However, despite reduced VAT, the price of fish in Hungary rose from 2017 to 2018. The aim of our research is to explore perceived risks that serve to exacerbate Hungarian consumers’ low fish consumption, and to measure their effects to identify potential strategies to most effectively increase fish consumption. We applied partial least squares structural equation modeling (PLS-SEM) to analyze responses provided by 1042 survey participants (collected with face-to-face interviews, using quota sampling in 2014) to explore variables of fish consumption associated with perceived risk including psychological, physical, social, and functional risks. Our model is the first one that applies detailed perceived risk categories to measure those effects on low fish consumption. The results indicate that psychological risk associated with negative past experiences have both a direct, and through functional risk, an indirect significant negative effect on fish consumption. Conversely, neither social nor physical risk impede Hungarian fish consumption. We conclude that the seafood industry could benefit from targeted interventions that seek to reduce functional risk-perception of the person responsible for preparing fish in the household.
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- 2020
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30. Holistic Physical Risk and Crises Prioritization Approaches to Solve Cyber Defense Conundrums
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Franco Oboni and Cesar Oboni
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Physical Risk ,Cyber defense ,Prioritization ,Risk Analysis ,Information technology ,T58.5-58.64 ,Communication. Mass media ,P87-96 - Abstract
During the last decade the techniques and tools of cyber attacks have become more sophisticated, the distinctions between actors and threats have become blurred and attack prospects more worrying. The informational threat can hit any type of civilian or military controls, fixed or mobile infrastructures, putting them down or greatly reducing their service capabilities with direct and indirect physical / economic impacts from tactical or local scale to strategic / national and international level. It has been shown that broad spectrum protection investments and particularly poorly prioritized ones are not efficient as oftentimes they are limited in scope by other operational requirements. So it is simply not possible to protect each property from each threat. The cyberdefense must be rooted on intelligence based on prioritized Risk Management and not on standardized audits and practice of indolent regulations, written a priori, or the biased advice of fear monger solutions sellers. RM offers ultimately support for operational decisions and protection (mitigation), provided that we want to define the level of acceptable risk reduction /mitigation and that we formulate measurable performance targets to achieve .
- Published
- 2015
31. Dispositivo ergonómico para el mantenimiento y reparación de herramientas instrumentales ILI.
- Author
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Maradei, Fernanda, Martínez, Javier, and Buenahora, Diana
- Abstract
Objective: We conducted a comparative ergonomic study of a new workplace station (MSILT) and a standard wooden industrial workbench. Methods: First, we used the OWAS method to evaluate the highest risk tasks. Next, we used human digital simulation in a virtual environment to evaluate stress on low back and joint load. We also performed a comparative analysis using the Siemens Jack software. Results: There was an overall reduction in exposure to physical loads. Awkward postures decreased from a category 4 (harmful) to category 1 (neutral) risk level. There was also a reduction in static loads on the joints and intradiscal loading to below the National Institute for Occupational Safety and Health (NIOSH) recommended level of 3400 N. Conclusion: This study demonstrated the feasibility of the new MSILIT and that it can be implemented in the hydrocarbons industry. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
32. TAKLİT ÜRÜN SATIN ALMA DAVRANIŞINDA BİREYSEL CAYDIRICI OLARAK RİSK FAKTÖRLERİ: AKSESUAR ÜRÜNLERİ ÜZERİNE BİR ARAŞTIRMA.
- Author
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ERDOĞAN, Evrim and BURUCUOĞLU, Murat
- Abstract
Copyright of Hacettepe University Journal of Economics & Administrative Sciences / Hacettepe Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Hacettepe University, Faculty of Economic & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2018
- Full Text
- View/download PDF
33. ÍNDICE DE RIESGO TECNOLÓGICO PARA LA EVALUACIÓN HOLÍSTICA DEL RIESGO EN ESCENARIOS PROPENSOS A ACCIDENTES MA YORES.
- Author
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Concepción Maure, Lissette, Goya Valdivia, Félíx Abel, Ièarra-Hernández, Eusebio V., Guerra Valdés, Belkis F., and Dupín Fonseca, Marlene
- Subjects
- *
WORK-related injuries , *RISK assessment , *DECISION making , *OCCUPATIONAL hazards , *DATA analysis - Abstract
Industrialization has increased the generation of risk conditions associated with processes' complexity and dynamics. This article aims to define a technological risk index that allows the holistic evaluation of risk in different scenarios, as support to the decision making of preventive actions planning. This index considers the probability of occurrence of the event, the eminent physical risk, and the aggravation of the probable impact given the territorial vulnerability. In those scenarios in which information is not available to determine vulnerability, the numerical data are replaced by experts' opinion, and diffuse compensatory logic is applied in the processing of linguistic expressions, using the Fuzzy tree studio software. The index proposed allows the comparative analysis among areas, facilities and territories. The indexation achieved with this methodology facilitates the presentation of information and the decision-making process. [ABSTRACT FROM AUTHOR]
- Published
- 2018
34. Corporate climate risk management: Are European companies prepared?
- Author
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Sakhel, Alice
- Subjects
- *
RISK management in business , *CLIMATE change , *LOBBYING , *ORGANIZATIONAL transparency - Abstract
In recent years, scholars have published numerous studies dealing with the consequences of climate change for businesses’ activity. However, a more holistic understanding of companies’ perceptions of and responses to physical, regulatory, and market-related climate risks across a wider range of sectors is still missing. To address this gap, this paper provides an empirical analysis of corporate climate risk perception and countermeasures for companies in industries regulated and not regulated by climate policy. Drawing on data from the Carbon Disclosure Project of a size-matched sample of 126 European-based companies, it is shown that most firms feel less exposed to physical and market risks than to regulatory risks. This is because physical risks are expected to materialize in the more distant future and the realization of market risks is considered rather unlikely. Moreover, the results indicate that firms in regulated industries implement more regulatory response measures than firms that are part of non-regulated industries, while, interestingly, there are no significant differences between the two groups in exposure and responses to physical and market risks. By discussing climate-related risks and highlighting the significant role of regulation in spurring corporate action in the context of climate change, this paper holds important implications for corporate managers and policy makers. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
35. 側臥位を中心としたフリースタイルと 背臥砕石位分娩における母児の...
- Author
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伊藤 由美, 良村 貞子, and 佐川 正
- Subjects
APGAR score ,CHILDBIRTH ,COMPARATIVE studies ,DELIVERY (Obstetrics) ,MOTHERS ,PATIENT positioning ,RISK assessment ,CASE-control method ,MIDWIVES ,LITHOTOMY position ,ATTITUDE (Psychology) - Abstract
Copyright of Journal of Japan Academy of Midwifery is the property of Japan Academy of Midwifery and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2016
36. The cost of delaying to invest: A Canadian perspective.
- Author
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Cleary, Sean and Willcott, Neal
- Abstract
• The DICE model is customized specifically to estimate costs to the Canadian economy. • Physical costs due to climate change double under a 5°C versus 2°C warming scenario. • Inflection points occur in 2050 and 2070 when climate damage costs accelerate. • Investments to curb warming more than pay for themselves in terms of avoided costs. The Office of the Superintendent of Financial Institutions, the Bank of Canada, and several key financial institutions recently published a report examining transitional risks to the Canadian economy under various climate change scenarios. However, their results leave an important void with respect to the impact of physical risks and the associated costs of climate change for Canada, such as the loss of biodiversity, sea-level rise, and infrastructure damage due to fires and floods, etc. We fill this void by updating the Dynamic Integrated Climate and Economy model developed by 2018 Nobel Laureate William Nordhaus to project physical damages due to climate change for Canada. Our results illustrate stark differences in physical costs under various warming scenarios, highlighting the importance of taking action to mitigate climate change. We find that undertaking the required investments to reduce greenhouse gas (GHG) emissions more than pays for itself in terms of avoided physical damage alone. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
37. A Study on the Acceptance by Postpartum Women of the RFID System Applied During Rooming-in Care.
- Author
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Shu-Chen Wang, Ting-Ting Lee, Chieh-Yu Liu, Chien-Huei Kao, and Ming-Chuan Kuo
- Subjects
ELECTRONIC security systems ,MEDICAL quality control ,POSTNATAL care ,QUESTIONNAIRES ,CROSS-sectional method ,PATIENTS' attitudes ,DESCRIPTIVE statistics - Abstract
Background: Radio Frequency Identification (RFID) technology may be used in healthcare to help prevent treatment errors, detect adverse events, and improve patient safety. Purpose: This study is based on the technology acceptance model, with the addition of physical risk concept to explore the use of the RFID system in postpartum care as well as patient perceptions of system reliability, security, room-in care, and information technology use. Methods: This cross-sectional study distributed a self-developed questionnaire to postpartum women who had received the RFID system. The questionnaire assessed patient perceptions of rooming-care quality, technology acceptance, and physical risks. Data were collected in one medical center in Taiwan from November 2012 to January 2013 with 81 participants in total. Results: Participants reported a 75% mean satisfaction with rooming-in care. An average to high relationship was identified among quality of care, technology acceptance, and physical risks (r ranges from .55 to .90), In addition, behavioral intention and high system reliability were identified as predictors of care quality (R² = .50, p < .01). In terms of responses to the open-ended question, the participants suggested the use of smaller and more convenient RFID tags, expressed trust in the general safety of using RFIDs, and recommended allowing the alert device to be activated anytime via the parent's cell phone or laptop. Conclusion: The use of RFID healthcare offers the potential to provide safer and more diverse patient care [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
38. Troubles musculo-squelettiques chez les téléopérateurs des centres d’urgence 911, des contraintes physiques aux contraintes psychosociales
- Author
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Georges Toulouse, Louise St-Arnaud, Renée Bourbonnais, Alain Delisle, and Denise Chicoine
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ergonomics ,musculoskeletal disorders ,epidemiology ,psychosocial risk ,physical risk ,emergency call centres ,Medicine ,Social history and conditions. Social problems. Social reform ,HN1-995 - Abstract
At the request of the Association paritaire pour la santé et sécurité du travail secteur “affaires municipales” du Québec (APSAM, joint sector-based occupational health and safety association, municipal affairs), a thematic research program was developed so that action could be taken to reduce the prevalence of musculoskeletal and psychological health disorders affecting 911 emergency call centre agents. This article presents an initial study whose objective was to describe the prevalence of musculoskeletal disorders and to identify their underlying issues. The adopted methodology involved the administration of questionnaires, observations, and open-ended interviews in five 911 emergency call centres. The results show musculoskeletal disorder prevalence rates much higher than those of a representative sample of Québec workers. The analysis of the statistical results in the light of the observations and open-ended interviews led to the identification of the underlying issues so that an intervention project could be developed.
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- 2009
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- View/download PDF
39. Risk aversion and physical prowess: Prediction, choice and bias.
- Author
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Ball, Sheryl, Eckel, Catherine C., and Heracleous, Maria
- Subjects
RISK aversion ,DECISION making ,ECONOMICS ,GENDER ,STEREOTYPES - Abstract
This paper reports on experiments where individuals are asked to make risky decisions for themselves, and to predict the risky decisions of others. Prior research shows that people predict women to be more risk averse than men, a result we confirm. We investigate whether differences in physical prowess underlie actual and perceived gender differences, a hypothesis suggested by both evolutionary and economic theories. Overall we find that perceptions of others' risk attitudes reflect stereotypes about gender and strength but tend to exaggerate the underlying relationships. Physically stronger and taller people and those perceived as attractive are predicted to be more risk tolerant, while women are perceived to be more risk averse. The impact of gender and physical prowess measures on actual gamble choices is much weaker. Sources of prediction bias are examined, showing that specific characteristics of the target and predictor lead to systematic over-prediction or under-prediction of risk aversion. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
40. Implementation of ISO Standards in Food Industry. Statistical Analysis of Foodborne Illness in Cluj.
- Author
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Apostu, Sorin, Lazăr, Daniela, and Rotar, Ancuta
- Subjects
FOOD industry ,FOODBORNE diseases ,STATISTICS ,FOOD laws ,FOOD safety ,FOOD processing machinery - Abstract
A management system or integrated management system implemented in a food processing unit is a useful tool that provides important information upon technological and managerial processes. This paper drowns information related to ISO 9001, ISO 22000 and ISO 17025 applicability in a food processing unit. Law 150/2004 is the first legal regulation that obliges the food processor to develop a preventive system in order to assure safety of food. A statistical analyze has been made in Cluj to mark the influence of the legislation and international standards upon the quality and safety of the food products. The period taken in consideration is from 2005 - 2008 and follows two directions: strategic program of the territorial authority for food safety and self-control program of the food processor. The study scores the most relevant etiological agents that could cause foodborne illnesses, and their appearance in food products. A relationship has been associated between legal regulations, the years taken in consideration and the preponderant health risk (microbiological, chemical and physical risks). [ABSTRACT FROM AUTHOR]
- Published
- 2009
41. Factors influencing the behavioral intention to adopt a technological innovation from a developing country context: The case of mobile augmented reality games.
- Author
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Faqih, Khaled M.S.
- Subjects
AUGMENTED reality ,MOBILE games ,DEVELOPING countries ,INTENTION ,GOODNESS-of-fit tests ,SOCIAL norms ,DIFFUSION of innovations ,CELL phone systems - Abstract
Augmented reality (AR) has become a promising technology in the gaming industry. However, few research studies have examined users' perspectives towards mobile AR games. To address this issue, the present study proposed a research model to better understand the factors determining and shaping users' behavioral intention to adopt mobile AR games from a developing country environment. Based on a literature review, nine factors have been expected to determine and shape individuals' intention towards the acceptance and adoption of mobile AR games. Using WarpPLS software, the model was empirically tested with a survey of 240 non-adopter respondents collected via an online survey questionnaire. The model was found statistically robust in terms of measurement quality criteria: reliability, validity, multicollinearity, and goodness of fit. The analysis revealed that perceived ease-of-use, social norms, privacy, perceived enjoyment, perceived competition, perceived inspiration, perceived image, and perceived innovativeness affect users' behavioral intention to adopt mobile AR games. However, the hypothesized moderating impact of perceived physical risk on the relationships connecting perceived ease-of-use, perceived enjoyment, perceived competition, and perceived inspiration with the intention to adopt was found to have little statistical significance. The result showed that perceived innovativeness was the strongest criterion to affect intention, and perceived ease-of-use was found to be the least important criterion in impacting users' intention. Interestingly, the model explains 76% of the variance in behavioral intention to adopt mobile AR games. This study offers theoretical and practical implications for its findings. • Augmented reality has the potential to revolutionize gaming practices and mobility. • This study is one of the first attempts to explore the adoption of mobile AR games from a developing country perspective. • This study proposed a model to understand the factors determining the intention to adopt mobile AR games. • Ease-of-use, social norms, privacy, enjoyment, competition, inspiration, image, and innovativeness affect intention. • The model explains a staggering 76% of the variance in behavioral intention to adopt mobile AR games. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
42. Exploring and Validating Container Operational Risk Scale in Container Shipping: The Case of Ethiopian Shipping and Logistics Service Enterprise.
- Author
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Abdulahi, Efrah Wozir and Fan, Luo
- Abstract
The risk associated with container shipping has been a major concern in recent decades. This study presents three major risk frameworks to systematically and inclusively explore and validate container operational risk scales based on risk factors derived from the extant literature. The three risk frameworks identified are risks related to information flow, risks related to physical flow, and risks related to payment flow. Each risk factor is grouped into sub-factors (dimensions), three factors for information flow, two factors for physical flow, and two factors for payment flow. The study uses Ethiopia as a case study and employed both qualitative and quantitative research methods. An interview survey was conducted to explore additional risk factors and validate the identified risk factors in container shipping, and a questionnaire survey was then accompanied to collect the relevant data. A pairwise comparison chart (PCC) was employed to rank the risk dimensions. The results showed that the container operational risk model is satisfactory by employing exploratory and confirmatory factor analysis. Furthermore, the PCC result indicates that risk of loss or damage of goods/assets, payment delay, and decrease in or total loss of payment were ranked first, second, and third, respectively, and consequently the most significant dimensions of the risk factors. This study provides a reliable and valid scale for measuring container operational risk in container shipping companies. It also unlocks future works for using the identified risk factors as guidelines for researchers and experts to design and develop container operational risk dimensions. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
43. Perceived Risk of Fish Consumption in a Low Fish Consumption Country.
- Author
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Temesi, Ágoston, Birch, Dawn, Plasek, Brigitta, Eren, Burak Atilla, and Lakner, Zoltán
- Subjects
RISK perception ,OMEGA-3 fatty acids ,FISHES ,STRUCTURAL equation modeling - Abstract
Among the numerous health benefits of fish consumption, perhaps the most recognized is the role of omega-3 fatty acids in the prevention of cardiovascular disease. Cardiovascular disease is prevalent in Hungary, which has the lowest fish consumption in Europe. Increasing fish consumption is the aim of most European countries and given the high incidence of cardiovascular disease in Hungary, it is of particular importance. A significant reduction of the VAT for fish in 1 January 2018 aimed to increase fish consumption in Hungary. However, despite reduced VAT, the price of fish in Hungary rose from 2017 to 2018. The aim of our research is to explore perceived risks that serve to exacerbate Hungarian consumers' low fish consumption, and to measure their effects to identify potential strategies to most effectively increase fish consumption. We applied partial least squares structural equation modeling (PLS-SEM) to analyze responses provided by 1042 survey participants (collected with face-to-face interviews, using quota sampling in 2014) to explore variables of fish consumption associated with perceived risk including psychological, physical, social, and functional risks. Our model is the first one that applies detailed perceived risk categories to measure those effects on low fish consumption. The results indicate that psychological risk associated with negative past experiences have both a direct, and through functional risk, an indirect significant negative effect on fish consumption. Conversely, neither social nor physical risk impede Hungarian fish consumption. We conclude that the seafood industry could benefit from targeted interventions that seek to reduce functional risk-perception of the person responsible for preparing fish in the household. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
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