Raczkowski Risk Management in Public Administration

1. Auflage 2017
ISBN: 978-3-319-30877-7
Verlag: Springer Nature Switzerland
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 463 Seiten

Reihe: Progress in Mathematics

This book draws on financial, economic, and management theory in its exploration of the theory underlying risk and risk management at both micro- and macroeconomic levels. It has a particular reference to the public financial sector. Chapters investigate the elimination of currency risk in the Transatlantic Trade and Investment Partnership (TTIP), as well as the changes that credit ratings undergo due to the influence of credit spreads. Featuring contributions on important topics such as public safety and the internet, intellectual capital, bank regulatory risk in the EU, the financial distress of public sector entities, and systemic risk in the insurance sector, it also explores innovative and emerging issues in the European tax gap in personal income taxes and VAT carousel fraud in selected European countries. Discussion of the complex nature of risk management in public administration will appeal to public officials, policy-makers, academics and researchers alike.


Professor Konrad Raczkowski is Undersecretary of State in the Ministry of Finance, Poland and a member of the National Development Council of the President of the Republic of Poland. He is also currently Head of the Economic Institute of the University of Social Sciences in Warsaw, Poland, where he is a Professor of Economics and Management, and Chair of the Department of Economic Security Management. Professor Raczkowski specialises in the management of economic systems, public finance and the informal economy. Since 2010 he has served as an expert and reviewer for the Parliamentary Research Bureau of the Chancellery of the Parliament (Poland), various economic organisations, enterprises and international institutions. From 2003 to 2013, he was an employee of the Ministry of Finance in Poland. He has previously worked with the European Commission's European Anti-Fraud Office in Brussels (2006-2010) and the Institute for Security and Development Policy in Stockholm. He is a Swedish government scholar in management (2009) and a member of the British Academy of Management. 

Autoren/Hrsg.

Raczkowski, Konrad

Inhaltsverzeichnis

1;Contents;5
2;List of Figures;8
3;List of Tables;11
4;Introduction;16
5;1: What Does Risk Management in an Economy Really Mean?;20
5.1;1 Introduction;20
5.2;2 Theory of Risk in the Economy;22
5.3;3 Uncertainty Versus Risk;27
5.4;4 Risk in Private and Public Economy;30
5.4.1;4.1 Risk in the Commercial Sector;30
5.4.2;4.2 Risk in the Public Sector;34
5.5;5 Modern Approaches to Risk Management in Theory and Practice: Methodical Aspects;41
5.6;6 Risk Management in Macro-­Organisations: A Systemic Approach;46
5.7;7 Conclusion;53
5.8;Bibliography;54
6;2: Elimination of Exchange Rate Risk in TTIP by Inclusion of a Clause Linking Dollar and Euro;61
6.1;1 Introduction;61
6.2;2 Exchange Rate in an Investment and Trade Partnership;62
6.3;3 Where Are We in the TTIP  Negotiations?;69
6.4;4 Advantages and Criticism of TTIP;79
6.5;5 Why Do We Need to Make the Negotiations More Complicated Adding the Exchange Rate to the Deal?;82
6.6;6 Conclusion: Is TTIP Realistic and Do We Really Need a Currency Clause in It?;86
6.7;Bibliography;87
6.7.1;Traditionally Printed Sources;87
6.7.2;Internet Sources;88
7;3: The Effect of Countries’ Credit Ratings on Credit Default Swap Spreads;89
7.1;1 Introduction;89
7.2;2 Literature Review;90
7.3;3 Methodology;95
7.4;4 Findings;97
7.5;5 Conclusion;107
7.6;Bibliography;108
8;4: Risk Analysis as an Instrument of Public Management;111
8.1;1 Introduction;111
8.1.1;1.1 Key Categories of Financial Risk Likely to Be Established in Relation to Enterprises;114
8.1.1.1;1.1.1 Key Categories of Financial Risk Likely to Be Established in Relation to Entities Across the Public Finance Sector;115
8.1.1.2;1.1.2 Types of Risk;123
8.2;2 Conclusion;128
8.3;Bibliography;129
9;5: Multidimensionality of Risk in Public Safety Management Processes;132
9.1;1 Introduction;132
9.2;2 Theoretical Background;133
9.2.1;2.1 Public Safety Management;133
9.2.2;2.2 Risk in Public Safety Management;136
9.2.3;2.3 Specificity of Risk Management Safety in Public;137
9.2.4;2.4 Vulnerability in Public Safety Management;140
9.3;3 Methodology;141
9.3.1;3.1 Results;142
9.3.1.1;3.1.1 Public Safety Management Process;142
9.3.1.2;3.1.2 Dimensions of Risk in Public Safety Management Process;143
9.3.1.3;3.1.3 Multidimensionality of Risk in Public Safety Management;148
9.3.1.4;3.1.4 Relational Risk as the Main Factor of Effective Public Safety Management;151
9.3.2;3.2 Discussion;157
9.4;4 Conclusion;159
9.5;Bibliography;159
10;6: Early Warning Concept in Identifying Risks in Business Activity;165
10.1;1 Introduction;165
10.1.1;1.1 Risks in Business Activity;167
10.1.2;1.2 Identification of Risks as a Key Element of Decision-Making Processes in Business Activity;172
10.1.3;1.3 General Characteristic of the Concept of Early Warning System;177
10.1.4;1.4 Methods and Tools of Early Warning in Risk Identification in Machine-Building Enterprises;188
10.2;2 Conclusions;199
10.3;Bibliography;200
11;7: Risk Perception in the Activity of Social Enterprises;204
11.1;1 Introduction;204
11.2;2 Social Services: New Service Providers, New Service Provision Methods;207
11.3;3 Characteristics of Social Enterprises;211
11.4;4 Identification of Rrisk in the Activity of Social Enterprises;218
11.5;5 Conclusions;232
11.6;Bibliography;235
12;8: Identification of Risks Related to the Operations in the Internet;242
12.1;1 Introduction;242
12.2;2 Functioning of the Organization on the Internet;243
12.3;3 Benefits Delivered by Operating Online;246
12.4;4 Development of e-organization;248
12.5;5 Basic Risks;251
12.5.1;5.1 Risk of Information Security Breach;253
12.5.2;5.2 Supply Risk;256
12.5.3;5.3 Product Risk;257
12.5.4;5.4 Payment Risk;258
12.5.5;5.5 Shopping Time Risk;261
12.5.6;5.6 Privacy Risk;263
12.5.7;5.7 Seller’s Risk;264
12.5.8;5.8 Risk of Contradictory Regulations;266
12.6;6 Conclusion;267
12.7;References;268
13;9: Intellectual Capital Risk Management for Knowledge-Based Organizations;272
13.1;1 Introduction;272
13.2;2 The rule of Intellectual Capital to Gain a Competitive Advantage On the Market;273
13.3;3 Risk of Intellectual Capital in Knowledge: Based Organizations;276
13.4;4 Process and Principles of Effective IC Risk Management in Knowledge-Based Organizations;280
13.5;5 Model of Intellectual Capital’s Ability to Gain Competitive Advantage and Reduce Risk;283
13.6;6 IC’s Ability to Gain Competitive Advantage and Reduce of Risk: Verification Model;290
13.7;7 Conclusions;294
13.8;Bibliography;295
14;10: Regulatory Risk in the EU Banking Sector;298
14.1;1 Introduction;298
14.2;2 Factors Supporting the Implementation of Regulatory Risk in the Banking Sector;300
14.2.1;2.1 Essence and Origin of Regulatory Risk;300
14.2.2;2.2 Meaning of Regulatory Risk for the Banking Sector;304
14.2.3;2.3 Cultural Factors;308
14.3;3 Regulatory Risk: Assessment of the State of Research;313
14.4;4 Major Problems Related to Regulatory Risk Management;321
14.5;5 Directions of Searching for Regulatory Risk Measurement Methods;323
14.6;6 Conclusions;325
14.7;Bibliography;326
15;11: The Financial Distress of Public Sector Entities, Causes and Risk Factors. Empirical Evidence from Europe in the Post-crisis Period;330
15.1;1 Introduction;330
15.2;2 Financial Distress Versus Fiscal Distress and Its Determinants;333
15.3;3 Risk Factors, Causes and Financial Distress Risk Management;340
15.4;4 Methodology and Variables;349
15.4.1;4.1 Examination of Fiscal Distress at the General Government Level;349
15.4.2;4.2 Examination of Fiscal Distress at the Local Government Level;361
15.5;5 Conclusions;370
15.6;Bibliography;372
16;12: Impact of Insurance Companies’ Investment Policy on Risk Management in the Public Sector;376
16.1;1 Introduction;376
16.2;2 Investment Policy Objectives and Creation of Value for the Stability of the Public Sector;379
16.2.1;2.1 The Model of an Insurance Company’s Financial Flows;379
16.2.2;2.2 Investment Policy Objectives and Creation of Value for the Stability of the Public Sector;382
16.3;3 The Analysis of Investment Activities of Insurance Companies in the EU Countries;386
16.4;4 Conclusions;397
16.5;Bibliography;400
17;13: Personal Income Tax and the Risk of Revenue Fluctuations in the European Union;404
17.1;1 Introduction;404
17.2;2 A Brief Historical Overview of Taxation, with Emphasis on Taxes Levied on the Population in EU Countries;406
17.3;3 Income Tax Evolution in EU Countries;411
17.4;4 Conclusion;422
17.5;Bibliography;424
18;14: VAT Fraud in Selected European Union Countries and Its Possible Macroeconomic Implications;426
18.1;1 Introduction;426
18.2;2 Fiscal Background;429
18.2.1;2.1 General Characteristics;429
18.2.1.1;2.1.1 Tax Structure for Selected EU Countries Poland, Czech Republic, and Slovakia;430
18.2.2;2.2 Vat Collection Measures;431
18.2.2.1;2.2.1 Recent VAT Collection Data for Poland;431
18.2.2.2;2.2.2 Recent VAT Collection Data for Czech Republic and Slovakia;432
18.2.3;2.3 Analysis of the VAT Gap;435
18.2.4;2.4 Vat Fraud: The Effect on Balance of Trade and National Accounts;440
18.2.4.1;2.4.1 Transnational Transactions;440
18.2.4.1.1;The Effect of VAT Fraud on Exports and GDP;443
18.3;3 Conclusions;443
18.4;Bibliography;444
19;Summary and Conclusions;448
20; About the Authors;452
21;Index;460