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The Dali Model in Risk-Management Practice: The Case of Financial Services Firms

Author

Listed:
  • Rebecca Dalli Gonzi

    (Department of Construction & Property Management, University of Malta, MSD 2080 Msida, Malta)

  • Simon Grima

    (Department of Insurance, Faculty of Economics, Management and Accountancy, University of Malta, MSD 2080 Msida, Malta)

  • Murat Kizilkaya

    (Department of Economics, Faculty of Economics and Administrative Sciences, Ardahan University I.I.B.F, 75000 Ardahan Merkez/Ardahan, Turkey)

  • Jonathan Spiteri

    (Department of Insurance, Faculty of Economics, Management and Accountancy, University of Malta, MSD 2080 Msida, Malta)

Abstract

Originality/value—this model contributed to the vast literature on models of change and risk management within organisations, but was not validated empirically for reliability of the factors, and on financial services providers within small jurisdictions. Therefore, the significance and importance of such a study lies firstly on the premise that testing on small countries can be deemed as small laboratories for more complex politics, regulations and policies of larger countries and secondly, the importance of financial services as essential for prosperity in a country’s economy. This model will provide an empirically tested proactive model in a specific environment for managing organisational risks to arrive at their objectives with minimal setbacks.

Suggested Citation

  • Rebecca Dalli Gonzi & Simon Grima & Murat Kizilkaya & Jonathan Spiteri, 2019. "The Dali Model in Risk-Management Practice: The Case of Financial Services Firms," JRFM, MDPI, vol. 12(4), pages 1-15, November.
    • Handle: RePEc:gam:jjrfmx:v:12:y:2019:i:4:p:169-:d:284710
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    References listed on IDEAS

    as
    1. Patrick Lagadec, 2009. "THE MEGACRISIS UNKNOWN TERRITORY - In Search of Conceptual and Strategic Breakthroughs," Working Papers hal-00404076, HAL.
    2. Briguglio, Lino, 1995. "Small island developing states and their economic vulnerabilities," World Development, Elsevier, vol. 23(9), pages 1615-1632, September.
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    Cited by:

    1. Simon Grima & Bahattin Hamarat & Ercan Özen & Alessandra Girlando & Rebecca Dalli-Gonzi, 2021. "The Relationship between Risk Perception and Risk Definition and Risk-Addressing Behaviour during the Early COVID-19 Stages," JRFM, MDPI, vol. 14(6), pages 1-26, June.
    2. Fernando Tavares & Eulália Santos & Mafalda Venâncio de Vasconcelos & Vasco Capela Tavares, 2023. "A Statistical Analysis of Companies’ Financing Strategies in Portugal during the COVID-19 Pandemic," JRFM, MDPI, vol. 16(2), pages 1-17, February.
    3. Jack P. Kruf & Simon Grima & Murat Kizilkaya & Jonathan Spiteri & Wouter Slob & John O’Dea, 2019. "The PRIMO FORTE Framework for Good Governance in Public, Private and Civic Organisations: An Analysis on Small EU States," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 15-34.

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