IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v12y2019i4p169-d284710.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/12/4/169/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/12/4/169/
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Armindo Frias & João Cabral & à lvaro Costa, 2015. "Logistic optimization in tourism networks," ERSA conference papers ersa15p1451, European Regional Science Association.
    2. Sebastian Garmann, 2018. "God save the queen, god save us all? Monarchies and institutional quality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(2), pages 186-204, May.
    3. A D Adom, 2016. "Resilience of developing countries to shocks: Case study of WAEMU countries with SUR and VAR Approaches," Economic Issues Journal Articles, Economic Issues, vol. 21(2), pages 105-138, September.
    4. Funk, Matt, 2008. "On the Problem of Sustainable Economic Development: A Theoretical Solution to this Prisoner's Dilemma," MPRA Paper 19025, University Library of Munich, Germany, revised 08 Jun 2008.
    5. Lowe, Garfield G. & Davis, Carlton George, 2007. "CARICOM’s COMPETITIVENESS WITHIN THE US IMPORT MARKET FOR SPECIALTY CROPS: A SHIFT-SHARE ANALYSIS," 26th West Indies Agricultural Economics Conference, July 2006, San Juan, Puerto Rico 36922, Caribbean Agro-Economic Society.
    6. Adam Burke, 2021. "The Crossroads of Ecotourism Dependency, Food Security and a Global Pandemic in Galápagos, Ecuador," Sustainability, MDPI, vol. 13(23), pages 1-18, November.
    7. Adrian E. Tschoegl, 2003. "Foreign Banks in the Pacific: Some History and Policy Issues," Center for Financial Institutions Working Papers 03-10, Wharton School Center for Financial Institutions, University of Pennsylvania.
    8. Barnett, Jon, 2001. "Adapting to Climate Change in Pacific Island Countries: The Problem of Uncertainty," World Development, Elsevier, vol. 29(6), pages 977-993, June.
    9. Henrik Hansen & Derek Headey, 2010. "The Short-Run Macroeconomic Impact of Foreign Aid to Small States: An Agnostic Time Series Analysis," Journal of Development Studies, Taylor & Francis Journals, vol. 46(5), pages 877-896.
    10. Tauisi Taupo & Ilan Noy, 2017. "At the Very Edge of a Storm: The Impact of a Distant Cyclone on Atoll Islands," Economics of Disasters and Climate Change, Springer, vol. 1(2), pages 143-166, July.
    11. Patrick Guillaumont, 2010. "Assessing the Economic Vulnerability of Small Island Developing States and the Least Developed Countries," Journal of Development Studies, Taylor & Francis Journals, vol. 46(5), pages 828-854.
    12. Saint Ville, Arlette S. & Hickey, Gordon M. & Phillip, Leroy E., 2017. "How do stakeholder interactions influence national food security policy in the Caribbean? The case of Saint Lucia," Food Policy, Elsevier, vol. 68(C), pages 53-64.
    13. Corinne L. Hofman & Charlotte Eloise Stancioff & Andrea Richards & Irvince Nanichi Auguiste & Augustine Sutherland & Menno L. P. Hoogland, 2021. "Resilient Caribbean Communities: A Long-Term Perspective on Sustainability and Social Adaptability to Natural Hazards in the Lesser Antilles," Sustainability, MDPI, vol. 13(17), pages 1-21, August.
    14. Calbert H. Douglas, 2006. "Small island states and territories: sustainable development issues and strategies - challenges for changing islands in a changing world," Sustainable Development, John Wiley & Sons, Ltd., vol. 14(2), pages 75-80.
    15. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
    16. Don J. Webber & Stephanié Rossouw, 2010. "Sub-national vulnerability measures:A spatial perspective," Working Papers 1004, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    17. -, 2011. "Study on the vulnerability and resilience of Caribbean Small Island Developing States (SIDS)," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38568, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Hampton, Mark P. & Christensen, John, 2002. "Offshore Pariahs? Small Island Economies, Tax Havens, and the Re-configuration of Global Finance," World Development, Elsevier, vol. 30(9), pages 1657-1673, September.
    19. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
    20. Enoch, Marcus P. & Warren, James P., 2008. "Automobile use within selected island states," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(9), pages 1208-1219, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:12:y:2019:i:4:p:169-:d:284710. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.