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Mitigating Risk Amidst Catastrophic Events: A Focus On Shareholder And Operating Agreements

Author

Listed:
  • James Henry Dunne
  • Peter Harris
  • Terrance Jalbert

Abstract

Risk management has traditionally encompassed the systematic identification, analysis, strategy and response to a myriad of factors that impact the sustainability of a business. Effective risk management strategies attempt to foresee and manipulate future outcomes by proactively, rather than reactively, addressing variables that may adversely impact the profitability of an organization. Responses to possible risks necessitate the creation of contingencies that outline the execution of pre-determined action plans that would be triggered if the anticipated risks were, in fact, to arise. This paper provides a discussion of risk reduction techniques which can mitigate catastrophic macro risk events such as the COVID-19 pandemic.

Suggested Citation

  • James Henry Dunne & Peter Harris & Terrance Jalbert, 2021. "Mitigating Risk Amidst Catastrophic Events: A Focus On Shareholder And Operating Agreements," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 12(1), pages 69-78.
    • Handle: RePEc:ibf:rbfstu:v:12:y:2021:i:1:p:69-78
    as

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    File URL: http://www.theibfr2.com/RePEc/ibf/rbfstu/rbfs-v12n1-2021/RBFS-V12N1-2021-5.pdf
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    References listed on IDEAS

    as
    1. Robert Hartwig & Greg Niehaus & Joseph Qiu, 2020. "Insurance for economic losses caused by pandemics," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 45(2), pages 134-170, September.
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    Cited by:

    1. James Henry Dunne & Peter Harris & Katherine Kinkela, 2023. "Case Study: Impact of Regulatory Restrictions and Tax Policy on Breakeven Analysis and Risk Management," JRFM, MDPI, vol. 16(3), pages 1-23, March.

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    More about this item

    Keywords

    Risk Management; COVID-19; Business Liability;
    All these keywords.

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K19 - Law and Economics - - Basic Areas of Law - - - Other
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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