IDEAS home Printed from https://ideas.repec.org/a/pal/palcom/v11y2024i1d10.1057_s41599-024-03096-0.html
   My bibliography  Save this article

Fake News: a conceptual model for risk management

Author

Listed:
  • João Varela da Costa

    (Instituto Superior Técnico
    INOV INESC Inovação)

  • Silvia Bogea Gomes

    (Instituto Superior Técnico
    INOV INESC Inovação)

  • Miguel Mira da Silva

    (Instituto Superior Técnico
    INOV INESC Inovação)

Abstract

This article proposes a model based on a systematic literature review (SLR) that investigates the intersection of Fake News, Risk, and Risk Management. Employing Design Science Research as the primary methodology, it introduces a conceptual model to mitigate Fake News-related risks in specific communities. The model uses ArchiMate to depict a community as an organisational entity, exemplifying its practicality through a Fake News instance from the Central European Digital Media Observatory. The research undergoes rigorous evaluation using the Bunge-Wand-Weber Model, ensuring its consistency and value to the scientific community. This evaluation formalises the proposed conceptual model, offering a structured framework systematically mapping Fake News concepts to mitigate associated risks and disinformation. This study contributes to the Fake News management discourse, providing a practical risk management tool to counter the phenomenon.

Suggested Citation

  • João Varela da Costa & Silvia Bogea Gomes & Miguel Mira da Silva, 2024. "Fake News: a conceptual model for risk management," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    • Handle: RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-03096-0
    DOI: 10.1057/s41599-024-03096-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41599-024-03096-0
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s41599-024-03096-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Petratos, Pythagoras N., 2021. "Misinformation, disinformation, and fake news: Cyber risks to business," Business Horizons, Elsevier, vol. 64(6), pages 763-774.
    2. Baccarella, Christian V. & Wagner, Timm F. & Kietzmann, Jan H. & McCarthy, Ian P., 2018. "Social media? It's serious! Understanding the dark side of social media," European Management Journal, Elsevier, vol. 36(4), pages 431-438.
    3. Jon Roozenbeek & Sander van der Linden, 2019. "The fake news game: actively inoculating against the risk of misinformation," Journal of Risk Research, Taylor & Francis Journals, vol. 22(5), pages 570-580, May.
    4. Eugene A. Rosa, 1998. "Metatheoretical foundations for post-normal risk," Journal of Risk Research, Taylor & Francis Journals, vol. 1(1), pages 15-44, January.
    5. Zhang, Chaowei & Gupta, Ashish & Kauten, Christian & Deokar, Amit V. & Qin, Xiao, 2019. "Detecting fake news for reducing misinformation risks using analytics approaches," European Journal of Operational Research, Elsevier, vol. 279(3), pages 1036-1052.
    6. Santiago Alonso García & Gerardo Gómez García & Mariano Sanz Prieto & Antonio José Moreno Guerrero & Carmen Rodríguez Jiménez, 2020. "The Impact of Term Fake News on the Scientific Community. Scientific Performance and Mapping in Web of Science," Social Sciences, MDPI, vol. 9(5), pages 1-16, May.
    7. Ortwin Renn, 1998. "Three decades of risk research: accomplishments and new challenges," Journal of Risk Research, Taylor & Francis Journals, vol. 1(1), pages 49-71, January.
    Full references (including those not matched with items on IDEAS)

    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. Pervaiz Akhtar & Arsalan Mujahid Ghouri & Haseeb Ur Rehman Khan & Mirza Amin ul Haq & Usama Awan & Nadia Zahoor & Zaheer Khan & Aniqa Ashraf, 2023. "Detecting fake news and disinformation using artificial intelligence and machine learning to avoid supply chain disruptions," Annals of Operations Research, Springer, vol. 327(2), pages 633-657, August.
    2. Aven, Terje, 2013. "Practical implications of the new risk perspectives," Reliability Engineering and System Safety, Elsevier, vol. 115(C), pages 136-145.
    3. Aven, Terje, 2018. "How the integration of System 1-System 2 thinking and recent risk perspectives can improve risk assessment and management," Reliability Engineering and System Safety, Elsevier, vol. 180(C), pages 237-244.
    4. Timotijevic, Lada & Barnett, Julie & Brown, Kerry & Raats, Monique M. & Shepherd, Richard, 2013. "Scientific decision-making and stakeholder consultations: The case of salt recommendations," Social Science & Medicine, Elsevier, vol. 85(C), pages 79-86.
    5. Jeroen van der Heijden, 2021. "Risk as an Approach to Regulatory Governance: An Evidence Synthesis and Research Agenda," SAGE Open, , vol. 11(3), pages 21582440211, July.
    6. Agarwal, Puneet & Aziz, Ridwan Al & Zhuang, Jun, 2022. "Interplay of rumor propagation and clarification on social media during crisis events - A game-theoretic approach," European Journal of Operational Research, Elsevier, vol. 298(2), pages 714-733.
    7. Ataharul Chowdhury & Khondokar H. Kabir & Abdul-Rahim Abdulai & Md Firoze Alam, 2023. "Systematic Review of Misinformation in Social and Online Media for the Development of an Analytical Framework for Agri-Food Sector," Sustainability, MDPI, vol. 15(6), pages 1-25, March.
    8. Jamie K. Wardman & Gabe Mythen, 2016. "Risk communication: against the Gods or against all odds? Problems and prospects of accounting for Black Swans," Journal of Risk Research, Taylor & Francis Journals, vol. 19(10), pages 1220-1230, November.
    9. Chabane Mazri, 2017. "(Re) Defining Emerging Risks," Risk Analysis, John Wiley & Sons, vol. 37(11), pages 2053-2065, November.
    10. Seoyong Kim & Sunhee Kim, 2020. "The Crisis of Public Health and Infodemic: Analyzing Belief Structure of Fake News about COVID-19 Pandemic," Sustainability, MDPI, vol. 12(23), pages 1-23, November.
    11. Aven, Terje, 2011. "Selective critique of risk assessments with recommendations for improving methodology and practise," Reliability Engineering and System Safety, Elsevier, vol. 96(5), pages 509-514.
    12. Gundula Glowka & Andreas Kallmünzer & Anita Zehrer, 2021. "Enterprise risk management in small and medium family enterprises: the role of family involvement and CEO tenure," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1213-1231, September.
    13. O. Ionuş & M. Licurici & M. Pătroescu & S. Boengiu, 2015. "Assessment of flood-prone stripes within the Danube drainage area in the South-West Oltenia Development Region, Romania," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 75(1), pages 69-88, February.
    14. Jieun Ryu & Eun Joo Yoon & Chan Park & Dong Kun Lee & Seong Woo Jeon, 2017. "A Flood Risk Assessment Model for Companies and Criteria for Governmental Decision-Making to Minimize Hazards," Sustainability, MDPI, vol. 9(11), pages 1-26, November.
    15. Tao Ye & Yangbin Liu & Jiwei Wang & Ming Wang & Peijun Shi, 2017. "Farmers’ crop insurance perception and participation decisions: empirical evidence from Hunan, China," Journal of Risk Research, Taylor & Francis Journals, vol. 20(5), pages 664-677, May.
    16. Scott, Susan V. & Perry, Nicholas, 2006. "The enactment of risk categories: organizing and re-organizing risk management practices in the energy industry," LSE Research Online Documents on Economics 37868, London School of Economics and Political Science, LSE Library.
    17. Karina Landeros-Mugica & Javier Urbina-Soria & Irasema Alcántara-Ayala, 2016. "The good, the bad and the ugly: on the interactions among experience, exposure and commitment with reference to landslide risk perception in México," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 80(3), pages 1515-1537, February.
    18. Birgit M Beisswingert & Keshun Zhang & Thomas Goetz & Urs Fischbacher, 2016. "Spillover Effects of Loss of Control on Risky Decision-Making," PLOS ONE, Public Library of Science, vol. 11(3), pages 1-19, March.
    19. Terje Aven & Ortwin Renn, 2012. "On the Risk Management and Risk Governance of Petroleum Operations in the Barents Sea Area," Risk Analysis, John Wiley & Sons, vol. 32(9), pages 1561-1575, September.
    20. Arcuri, Maria Cristina & Gandolfi, Gino & Russo, Ivan, 2023. "Does fake news impact stock returns? Evidence from US and EU stock markets," Journal of Economics and Business, Elsevier, vol. 125.

    More about this item

    Statistics

    Access and download statistics

    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:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-03096-0. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: https://www.nature.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.