An operational risk profile: the experience of British firms

Moosa, I and Li, L 2013, 'An operational risk profile: the experience of British firms', Applied Economics, vol. 45, no. 17, pp. 2491-2500.


Document type: Journal Article
Collection: Journal Articles

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Title An operational risk profile: the experience of British firms
Author(s) Moosa, I
Li, L
Year 2013
Journal name Applied Economics
Volume number 45
Issue number 17
Start page 2491
End page 2500
Total pages 10
Publisher Routledge
Abstract This study provides an analysis of 163 operational loss events experienced by a variety of British firms over the period 1999-2008. 10 different hypotheses are tested to examine the distribution of loss severity and frequency with respect to business line, event type and corporate entity type. We also test hypotheses on the relation between loss severity and the decline in the market value of the announcing firm and whether or not the decline in market value is greater if the loss results from internal fraud. The results indicate that loss severity does not depend on firm size, that the decline in market value bears no stable relation to the loss amount and that they decline in market value relative to the loss amount is positively related to firm size.
Subject Finance
Keyword(s) Basel II
business lines
operational loss events
operational risk
DOI - identifier 10.1080/00036846.2012.667556
Copyright notice © 2013 Taylor and Francis
ISSN 0003-6846
Additional Notes This is an Author's Accepted Manuscript of an article, Moosa, I and Li, L 2013, 'An operational risk profile: the experience of British firms', Applied Economics, vol. 45, no. 17, pp. 2491-2500. available online at: http://www.tandfonline.com/10.1080/00036846.2012.667556.
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