Academic literature on the topic 'Management of liabilities'
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Journal articles on the topic "Management of liabilities"
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Podolianchuk, Olena, Tetiana Plakhtii, and Nataliya Gudzenko. "CURRENT LIABILITIES AND THEIR ACCOUNTING IN THE ATTRACTED CAPITAL MANAGEMENT SYSTEM." Baltic Journal of Economic Studies 5, no. 3 (2019): 159. http://dx.doi.org/10.30525/2256-0742/2019-5-3-159-169.
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The purpose of the article is to reveal the essence of the attracted capital, to clarify the legal, economic, and legal content of the liabilities, to justify the relationship between the categories of “liabilities”, “arrears”, “calculations” and “liabilities” and “attracted capital”, assess domestic and foreign experience in the classification of liabilities, justify information management of the attracted capital, taking into account the step-by-step accounting process of current liabilities, introduce proposals for the classification of current liabilities with the aim to improve the management of current liabilities as a part of debt capital. Methodology. The methodological basis for the disclosure of the research goal was the scientific advancement of scientists, legislative and regulatory acts on issues of accounting obligations. Results. The study found that, in the conditions of unstable economic development, one of the important tasks of enterprise management is a rational choice of the asset formation sources structure. The article reveals the essence of the term “capital” and it is found out that the basis of the definition is the material-real form. Problems of the contents of attracted and borrowed capital are outlined. The study of legislative documents, which defined the content of the category “liabilities”, was conducted. Legal components of current liabilities characteristic are explored and discussed issues are defined. The legal and economic aspects of liabilities are investigated. As a result of the research, the theoretical substantiation of the essence of the categories “liabilities”, “debt” and “settlements” was conducted. It is proved that all current liabilities are divided into real and potential ones. The order of displaying information about current liabilities at all stages of the accounting process is substantiated. It is confirmed that the basis of the management accounting for the attracted capital is the primary documents, accounting data, and generalized forms of internal and external reporting. Practical implication. The analytical data of the composition and the structure of attracted capital of agricultural enterprises with detailed analysis of structure of current liabilities are presented. It is confirmed that liabilities occupy a significant share in the structure of capital and are a source of economic activity financing of enterprises. It is determined that not all liabilities arising in civil and commercial law are recorded in the accounts. We substantiated the characteristic features of liabilities. It is determined that all liabilities that are the subject of accounting are legal and economical. The opinion on the content of the definition of “commitment” is taken into account with the accounting, economic, and legal constituents. As a result of the study of foreign experience in the classification of current liabilities, the author’s interpretation of the classification of current liabilities is presented. Value/originality. An important objective for the management system is the objective classification of liabilities, their assessment and reliability of accounting. It is proposed to distinguish certain classifications of current liabilities for the purpose of managing borrowed capital in terms of current liabilities.
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DR, BHADRAPPA HARALAYYA. "WORKING CAPITAL MANAGEMENT AT TVS MOTORS BIDAR." Iconic Research And Engineering Journals 4, no. 12 (2021): 255–65. https://doi.org/10.5281/zenodo.5041231.
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The working capital management is concerned with the problems that arise in attempting to manage the current assets, the current liabilities and the interrelationship between them. The current assets are those assets which are in the ordinary course of the business can be converted in to cash within a year without undergoing a diminution in value. The current assets are cash in hand, cash at bank, sundry debtors, bills receivable, stock, prepaid expenses etc. The current liabilities are those liabilities which are paid in the ordinary course of the business within a year out of the current assets or earning of the firm. The current liabilities are sundry creditors, bills payable, and bank overdraft. Outstanding expenses etc. The goal of the working capital management is to manage the firm’s current assets and current liabilities in such a way of working capital is maintained.The basic ingredient of the theory of working capital management includes the optimum level of the current assets, the trade-off between profitability and risk which is associated with the level of the current assets and current liabilities, financing-mix strategies
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Nuriasari, Selvia. "Analisa Rasio Likuiditas Dalam Mengukur Kinerja Keuangan PT. Mustika Ratu, Tbk (Tahun 2010-2016)." Jurnal Riset Bisnis dan Investasi 4, no. 2 (2018): 1–9. http://dx.doi.org/10.35313/jrbi.v4i2.1181.
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Financial ratio analysis is very important for company, one of which is management that need to analysis of financial performance and the results are used to design business plan, evaluate management and company performance. Liquidity ratio is one of the financial ratios used with the aim of measuring the ability of a company to pay a current liability. and to measure the company's ability to finance the company's operating activities. PT. Mustika Ratu, Tbk is was one of the national companies in the manufacturing sector of herbal medicine, cosmetics and ingredients for beauty care which experienced a decline in sales, which among others was due to the large number of competitors and the entry of products from abroad. A decrease in sales will have an impact on the ability of PT. Mustika Ratu, TBK in fulfilling its liabilites includes current liabilities, especially when it is seen that most of its raw materials are still imported from abroad so there is the possibility of adding "outside funds" to buy these raw materials to meet the needs so that the sales target is achieved. The addition of these obligations, including current liabilities will have an impact on the increase in the burden of PT. Mustika Ratu, TBK in paying current liabilities. So here the researcher is interested in raising the problem, namely seeing the ability of PT. Mustika Ratu, TBK in fulfilling its liabilities in paying current liabilities by using liquidity ratios. The formulas that will be used in analyzing the ability to current liabilities in PT. Mustika Ratu, TBK are current ratio, quick ratio, cash ratio, net working to capital ratio, and inventory to net working capital ratio.
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Nuriasari, Selvia. "Analisa Rasio Likuiditas Dalam Mengukur Kinerja Keuangan PT. Mustika Ratu, Tbk (Tahun 2010-2016)." Jurnal Riset Bisnis dan Investasi 4, no. 2 (2018): 1. http://dx.doi.org/10.35697/jrbi.v4i2.1181.
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Financial ratio analysis is very important for company, one of which is management that need to analysis of financial performance and the results are used to design business plan, evaluate management and company performance. Liquidity ratio is one of the financial ratios used with the aim of measuring the ability of a company to pay a current liability. and to measure the company's ability to finance the company's operating activities. PT. Mustika Ratu, Tbk is was one of the national companies in the manufacturing sector of herbal medicine, cosmetics and ingredients for beauty care which experienced a decline in sales, which among others was due to the large number of competitors and the entry of products from abroad. A decrease in sales will have an impact on the ability of PT. Mustika Ratu, TBK in fulfilling its liabilites includes current liabilities, especially when it is seen that most of its raw materials are still imported from abroad so there is the possibility of adding "outside funds" to buy these raw materials to meet the needs so that the sales target is achieved. The addition of these obligations, including current liabilities will have an impact on the increase in the burden of PT. Mustika Ratu, TBK in paying current liabilities. So here the researcher is interested in raising the problem, namely seeing the ability of PT. Mustika Ratu, TBK in fulfilling its liabilities in paying current liabilities by using liquidity ratios. The formulas that will be used in analyzing the ability to current liabilities in PT. Mustika Ratu, TBK are current ratio, quick ratio, cash ratio, net working to capital ratio, and inventory to net working capital ratio.
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Park, Sun-young. "The Effect Of Short-Term Debt On Accrual Based Earnings Management And Real Earnings Management." Journal of Applied Business Research (JABR) 32, no. 4 (2016): 1287–300. http://dx.doi.org/10.19030/jabr.v32i4.9737.
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This study investigates whether short-term debt is related to earnings management. Short-term debt is divided into total current liabilities, debt in current liabilities and short-term borrowings. In addition, this study examines how short-term debt is related to how firms manage their earnings. I use discretionary accruals and real operating decisions as the earnings management method. The study finds that debt in current liabilities only has a statistically significant impact on accrual earnings management, and short-term borrowings are only shown to have a statistically significant impact on real earnings management. These results indicate that managers engage in accrual earnings management of debt included in current liabilities and use real earnings management of short-term borrowings from financial institutions.Therefore, this evidence indicates that managers engage in accrual earnings management of debt in included current liabilities when they face the liquidity risk of short-term debt, and the firms with debt financing constraints are likely to manage real earnings in spite of enhanced firm monitoring by lenders such as financial institutions. The findings in this study may have implications in the debate about the monitoring function of financial institutions such as banks.
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Warby, D. J. "Safe Practice in Engineering Management." Proceedings of the Institution of Mechanical Engineers, Part B: Management and engineering manufacture 200, no. 1 (1986): 37–43. http://dx.doi.org/10.1243/pime_proc_1986_200_046_02.
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The legal liabilities for safety of an engineering manager are identified by reference to the appropriate law. Particular obligations to protect people and property flow from these liabilities. They are discussed in the context of practical planning and control of engineering operations in offices, factories and construction sites.
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Kalkbrener, Michael, and Jan Willing. "Risk management of non-maturing liabilities." Journal of Banking & Finance 28, no. 7 (2004): 1547–68. http://dx.doi.org/10.1016/s0378-4266(03)00131-6.
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FORKNER, D. JUNE. "Benefits and Liabilities." Nursing Management (Springhouse) 27, no. 11 (1996): 39???41. http://dx.doi.org/10.1097/00006247-199611000-00009.
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Shrestha, Sanjay. "Asset Liability Management and Commercial Banks’ Profitability in Nepal." Academic Voices: A Multidisciplinary Journal 5 (September 30, 2016): 40–47. http://dx.doi.org/10.3126/av.v5i0.15851.
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This study examines the effect of ALM on commercial banks’ profitability in Nepal. ALM deals with the optimal investment of assets in view of meeting current goals and future liabilities. For this purpose top seven private commercial banks were taken as sample, which constitutes 49 percent share of total net profit of overall 30 commercial banks over 7 years time period from 2007-08 to 2013-14. The report emphasizes that the rate of return on assets is positive and varies across assets, and the rate of cost on liabilities is negative and varies across liabilities. The pooled OLS regression analysis result showed that all assets, including fixed assets, mainly loans and advances as well as other assets affect profitability positively, while all liabilities, mainly deposits, and other liabilities have negative effect on commercial banks profitability. With regard to macroeconomic variables, GDP and Inflation rate has negative effect on commercial banks profitability. As a result, the study recommended that commercial banks should focus on increasing public awareness to mobilize more saving and fixed deposits and this will enhance their performance in provision of loans and advance to customers.Academic Voices Vol.5 2015: 40-47
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Dr., Nitve Dnyandev Laxman, and S. M. Gaikwad Dr. "A Study on Management of Current Assets and Liabilities in Stenless Steel Company & Construction." International Journal of Advance and Applied Research S6, no. 16 (2025): 265–69. https://doi.org/10.5281/zenodo.15145815.
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<em>One of the most important areas in day to day management of the firm is the management of current assets and liabilities. Current assets and liabilities management is the functional area of finance that covers all the current accounts of the firm.</em> <em>Current assets and liabilities management involves the relationship between a firm's short-term assets and its short-term liabilities. The goal of Current assets and liabilities management is to ensure that a firm can continue its operation and that it has sufficient ability to satisfy both maturing short-term debt and upcoming operational expenses.</em> <em>The main objective of current assets and liabilities management is to maintain an optimal balance between each of the working capital components. Business success heavily on the ability of financial executives to effectively manage receivables inventory and payable. Firms can reduce their financial costs and increase the amount of investment lied up in short-term assets. Most of the financial manager’s time and effort is allocated to optimizing the level of current assets and liabilities back toward optimal levels. To obtained more knowledge about management of current assets and liabilities researcher has selected </em><em>Stenless Steel Companyfor research. </em> <em>Stenless Steel Companyis established in the year of 2001. It is engaged in the promotional activates of the mechanized manufacturing of AAC Block of Baltic Building Elements Ltd. India Stenless Steel Company</em><em>is an established company engaged in the promotional activities of the mechanized manufacturing of AAC Blocks of Biltec Building Elements Ltd. in India. They are a team of professional with impeccable educational qualifications and professional credentials. It offers an entire product service of Aerated Autoclave Cellular Blocks.</em><em>One of the most important areas in the day-to-day management of the Stenless Steel Companyis the management of current assets and liabilities</em> <strong> </strong>
Dissertations / Theses on the topic "Management of liabilities"
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Stander, Karen. "Management consultant liabilities during the process of assisting organisations with strategising." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/24648.
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Management consultants experience numerous hindrances to the successful completion of strategy projects. Hindrances create an inability to strategise and are the result of inability preconditions. These preconditions accumulate into liabilities that not only limit the management consultant's ability to earn economic rents, but also that of its clients. Liabilities are rooted in the resource-based view and stem from previously identified liabilities such as the liabilities of newness and legitimacy. The consequences of unmitigated liabilities in the process of strategising are, however, not limited to the loss of economic rents. Unmitigated strategising liabilities will further result in prolonged competitive disadvantage. Combined, these consequences transform the liabilities into a strategic liability for the management consultant's client, which could bring about business failure. While academic literature is full of articles investigating the consultant–client relationship, it remains silent on the liabilities or hindrances faced by management consultants during the strategising process. Considering that these liabilities are effectively costing organisations billions of US dollars; can be regarded as strategic liabilities; have not been investigated by academia; and fall within both Domain H and Domain G of Strategy-as-Practice research that has been earmarked as future directions in this field, it is critical to identify, understand and mitigate the liabilities that consultants are most likely to encounter in the process of assisting organisations with strategising. The primary objectives of the research that informs this dissertation are to: <ul> <li> Identify liabilities that consultants face during the strategising process;</li> <li> Determine interrelationships between the relevant liabilities;</li> <li> Identify possible mediating and moderating factors associated with the relevant liabilities;</li> <li> Determine to which extent the relevant liabilities are experienced by consultants;</li> <li> Develop a conceptual framework for mitigating the liabilities</li> </ul> The research that informs this dissertation was undertaken from a Strategy-as-Practice perspective and is presented in three research articles. The first research article is based on research that set out to establish a theoretical baseline for the two subsequent articles. It endeavoured to identify and present a theoretical management consultant liabilities framework through the combination of an integrative literature review procedure and the systems approach. Semi-structured interviews were subsequently conducted to determine the practical relevancy of the theoretical liabilities framework which resulted from the first article. Snowball sampling was used and a saturation point was reached after 17 semi-structured interviews were conducted with practising consultants. The results of this research informed research article two. The research on which this dissertation was based contributes to the accumulation of Strategy-as-Practice knowledge. Used correctly, the resultant framework could reduce the number of management consultants with an inability to strategise successfully.<br>Dissertation (MCom)--University of Pretoria, 2012.<br>Business Management<br>unrestricted
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Schreiber, Irene [Verfasser], and Francesca [Akademischer Betreuer] Biagini. "Risk-minimization for life insurance liabilities / Irene Schreiber. Betreuer: Francesca Biagini." München : Universitätsbibliothek der Ludwig-Maximilians-Universität, 2012. http://d-nb.info/1031380809/34.
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Pasban, Mohammad Reza. "Directors' duties and liabilities in corporate insolvency in England and the US." Thesis, University of Sheffield, 1996. http://etheses.whiterose.ac.uk/5978/.
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This thesis is an examination of directors duties and liabilities in the event of "0, insolvency in England including Wales and the US. The main aim of the study is to compare the two legal systems' stance towards directors when their company is in financial depression or technically insolvent. The thesis consists of ten chapters. The first chapter is a general introduction which draws a picture of the structure and scope of the study. Chapter two and six consider directors duties in general and in the event of corporate financial depression in England and the US respectively. Chapter three and seven examine the liabilities of directors of an insolvent company for breach of their duties in those two legal systems. In chapter four, disqualification of corporate directors in English law is studied. Chapters five and eight are an attempt to answer the question how directors of an English or American ailing company, accordingly, are provided with appropriate protection against the many liability provisions imposed by common law or statutes. In chapter nine, the unique device of the business judgment rule and its function in the US is reviewed. Finally, in chapter ten a detailed comparative study of the two laws concerned is carried out to analyse the solutions of each law for the questions and uncertainties in this area of the law.
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Tomsana, Aphelele. "An analysis of environmental obligations and liabilities of a distribution division to improve ecologically sustainable development." Thesis, Cape Peninsula University of Technology, 2018. http://hdl.handle.net/20.500.11838/2775.
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Thesis (MTech (Environmental Management))--Cape Peninsula University of Technology, 2018.<br>Worldwide, there is a growing about the protection of the environment while ensuring social and economic development for the benefit of the existing and forthcoming generation which pressures every person to take reasonable measures when conducting his/her business. Amongst the reasonable measures, there are environmental legislative provisions enacted by the international community, as well as locally, to regulate required actions for the protection of the environment. South Africa’s environmental legislation outlines ecologically sustainable development by making provisions in the Bill of Rights in the Constitution for everyone to take reasonable legislative measures to alleviate damaging impacts on the environment. International conventions have assisted South Africa and other countries worldwide in environmental protection, thus improving ecologically sustainable development. Eskom’s (the South African power utility) distribution department, referred to as the Company from here onwards, has established environmental objectives and commitments to prevent pollution, promote environmental reporting, comply with all the applicable environmental legislations and other relevant requirements to ensure performance is measured and continual improvement is achieved. The research used both quantitative and qualitative research methods to analyse environmental obligations and associated environmental liabilities of the Company to improve ecologically sustainable development. In order to answer the research questions and achieve the objectives, a set of questionnaires was distributed to sampled respondents; data were retrieved using SAP EH&S Incident Management software while independent variable (environmental obligation) and dependent variables (environmental liability and ecologically sustainable development) were identified. Site visits were also conducted. Furthermore, a correlation coefficient analysis test was calculated using Microsoft excel and a graph was used to illustrate the R-Square value. Positive (+1) relationship between variables was observed which indicates dependability of dependent variable to the independent variable. The research findings indicate that the environment can be safeguarded through understanding and implementing environmental obligations and environmental liabilities to protect the environment for the benefit of the current and future generations by improving ecologically sustainable development. South Africa (1998a) explained that the environment is held in public trust for the people, thus the beneficial use of environmental resources serves the public interest and the environment must be safeguarded as a common heritage. Therefore, anyone found to have contravened legislation will be held liable in the form of sanctions as stated in South Africa, (1998c).
An environmental obligation is a duty of care imposed on the user, landowner or a person in control of the protection of the environment and, where protection is impossible, to remediate the impact for the benefit of contemporary and upcoming generations. This is reasonably in line with the principles of sustainable development and a continual improvement of environmental quality and services. There have been dependent variables in the research where both environmental liability and ecologically sustainable development are dependent on environmental obligations (an independent variable) being realised. For this reason, every person or institution should ensure that environmental obligations are understood, adhered to and ensure that ecologically sustainable development is achieved. The Company has undertaken business activities to ensure that electricity is distributed to a wider population, bearing in mind that the interaction may have negative impact on the environment. When any incident that degrades the environment occurs, the incident is reported and managed throughout its life-cycle. There are, however, cases where environmental obligations are not understood or implemented. There is a need to ensure that all people that undertake activities that have a negative impact on the environment, such as pollution of the environment, are properly trained to be able to identify such activities, set environmental objectives and management programmes. Additionally, monitor the implementation of those programmes to ensure that these objectives are met and to achieve ecologically sustainable development. Ecologically sustainable development is achieved when environmental obligations are adhered to and required environmental liabilities are implemented and monitored. SANS ISO 14001: 2015 is an Environmental Management System which can be implemented to help any company understand its business operations, identify environmental issues, find solutions and ensure that all environmental issues are addressed, and good environmental performance is realized.
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Dahamani, Sabani. "Trilemma analysis in a P&C insurance company (assets & liabilities, equity and risk)." Master's thesis, Instituto Superior de Economia e Gestão, 2016. http://hdl.handle.net/10400.5/12809.
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Mestrado em Ciências Actuariais<br>Este projeto constitui uma componente de uma análise mais vasta e muito relevante no âmbito do estudo de uma companhia de seguros Não Vida, relativamente à situação financeira, gestão de ativos e passivos, bem como aos possíveis riscos no âmbito do regime prudencial Solvência II. Para além destes pontos, são ainda relevantes as implicações deste novo regime nos interesses dos principais stakeholders.
Tendo em conta as informações disponíveis, trata-se do primeiro projeto que faz uso de um modelo Dynamic Financial Analysis (DFA) para o cálculo do Requisito de Capital de Solvência (SCR) baseado na fórmula padrão, definida pela European Insurance and Occupational Pensions Authority (EIOPA).
A ideia fundamental neste trabalho é estabelecer para companhias do setor Não Vida as indicações sobre a utilização de modelos DFA numa análise integrada, tendo em conta a avaliação de Ativos e Passivos, Capital Próprio, Risco, assim como as estimativas atuariais, segundo o regime Solvência II.
O propósito fundamental deste projeto, através da utilização de uma ferramenta como o DFA, centra-se em estabelecer uma metodologia que permita um compromisso entre a gestão financeira de uma companhia de seguros Não Vida (por exemplo, rendimentos, resultados, dividendos, etc), a gestão dos ativos e passivos da companhia (assegurando que os passivos da companhia estão devidamente financiados por um portfolio de ativos), e o impacto desta gestão no SCR da companhia, em linha com as orientações de Solvência II.
Para responder à necessidade de elaborar projeções financeiras e integrar as diferentes perspetivas, foi proposto um modelo DFA.<br>This project forms part of a wider and vibrant conversation pertaining to the analysis of a Property and Casualty (P&C) insurance company´s finances, assets & liabilities, and the possible risks in the company in relation to the legislative parameters of the Solvency II Regime, and the wider implication of this for the core stakeholders of interest. To the best of my knowledge, it is the first project that deploys the use of a Dynamic Financial Analysis (DFA) model for the calculations of the Solvency Capital Requirement (SCR) based on the SCR standard given by European Insurance and Occupational Pensions Authority (EIOPA)
The fundamental idea here is to provide perspectives into how the use of DFA models could be integrated into the valuation of Assets & Liabilities, Equity and Risk into providing empirical actuarial credence to companies whose business concerns spins around property and casualty, under the legal framework Solvency II Regime, under European Union (EU) and EIOPA guidelines.
The main purpose of this thesis is to find an equilibrium for managing a P&C insurance company's finances (for example, earnings, returns, dividends, etc.) under a regime very demanding of capital, management of the company's assets and liabilities (ensuring that the company's liabilities are properly funded by a portfolio of assets), and the impact of these managements on the SCR of the company in line with Solvency II directives. In order to properly manage and make financial projections of the company, a DFA model was thus proposed.<br>N/A
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Edelson, Steven Alan. "EXAMINING THE "LIABILITIES" OF NEWNESS AND SMALLNESS WITH RESPECT TO THE RECRUITMENT PROCESS: PERCEPTUAL BIASES RELATED TO NEW VENTURES." Diss., Temple University Libraries, 2011. http://cdm16002.contentdm.oclc.org/cdm/ref/collection/p245801coll10/id/109071.
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Business Administration/Interdisciplinary<br>Ph.D.<br>In this dissertation, I use a two-part study to examine, firstly whether preconceived notions, or perceptual differences, exist about organizational characteristics between firms based on size and age, and secondly what the relative salience of each characteristic is as well as possible individual-organizational characteristic interactions.
In addition to contributing to theoretical knowledge-building, and providing guidance to practitioners, I use a methodology that has not been used extensively in organizational behavior research - conjoint analysis. Thus, the contributions I make are theoretical, normative and methodological in nature.
As hypothesized, there are significant differences in how job seekers perceive organizations based on their size and age. Further, the extent to which an organization is perceived to be Boyscout (e.g., attentive to people, personal and friendly) is significantly more important than any other characteristic to job seekers when assessing fit with an organization or job.<br>Temple University--Theses
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Pretorius, C. E. (Cornelia Emilige). "The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study." Diss., University of Pretoria, 2013. http://hdl.handle.net/2263/41566.
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A new revised prudential regulatory regime for insurers will be introduced in order to align the South African insurance industry with international standards. This regime, called Solvency Assessment and Management, is based on its European counterpart, which is known as Solvency II.
This study starts off by investigating and comparing Solvency II, to be implemented in the United Kingdom, with Solvency Assessment and Management, to be implemented in South Africa, identifying a number of similarities between the regimes. The taxation of long-term insurers in both jurisdictions is then investigated, but no similarities are identified.
The above prepares the ground for the main purpose of the study, which is to identify the impact of Solvency Assessment and Management on the taxation of long-term insurers in South Africa. This study identified the impact as effecting a change in the current basis used for the valuation of policyholder liabilities, which will cause a decrease in the value of liabilities, and consequently an increase in underwriting profit. The impact of this change is illustrated, and there are clear indications that there is a need to amend current income tax legislation or the directive used to determine the value of liabilities. Two options for amendments are identified but no changes to legislation are expected before 2015.<br>Dissertation (MCom)--University of Pretoria, 2013.<br>lmchunu2014<br>Taxation<br>unrestricted
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Hagberg, Niklas, and Viktor Johansson. "Working Capital Management : A study about how Swedish companies manage working capital in relation to revenue growth over time." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-246448.
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A shift in focus from growing revenues towards managing working capital could be observed in many companies in the recession that followed the financial crisis of 2008. This thesis therefore investigates the relation between working capital management (WCM) and revenue growth by examining 36 Swedish companies within the IT & Telecom, Wholesale, and Manufacturing industries. The results show that there currently is a general gap between the perceived and actual performance regarding WCM and the effects on revenue growth. The studied companies report a belief that no trade-off between WCM and revenue growth exists. However, the actual performance in the studied industries indicates that increases in revenues often are not justifiable in proportion to the increases in net working capital (NWC). The study also shows that responsibility for WCM and implementation of WCM decisions are to a high extent assigned to a centralized organizational level. Recommendations derived from this study are that while companies need a centralized responsibility for WCM decisions, the responsibility also needs to be decentralized for successful implementation. Furthermore, the NWC development in relation to revenue growth needs to be continually monitored.
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Pishdad-Bozorgi, Pardis. "Case-based Study and Analysis of Integrated Project Delivery (IPD) Approach and Trust-Building Attributes." Diss., Virginia Tech, 2012. http://hdl.handle.net/10919/77143.
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The goal of this Ph.D. research is to explore the IPD contractual strategies, to highlight the elements that distinguish IPD from a traditional delivery approach, to analyze how trust-based relationships are established and promoted, and to demonstrate if/how trust and IPD contractual principles correlate.
The result of this research will promote the understanding of the industry on the strategies that promote trust and integration through real world case studies. The significance of the subject becomes more evident when reflecting on the current industry's crisis: productivity loss, fragmented delivery process, and lack of trust and collaboration.
Through a literature review a Project Delivery and Contracting Strategies (PDCS) framework, an IPD traits framework, and a trust-Building framework are developed. The frameworks are used as the organizational tools to structure and inquire relevant information on the two IPD projects.
An expert panel is assembled to discuss the frameworks and the findings of literature analysis and to seek the industry's insight on the units of analysis for contract, and the units of measure for trust. The units of analysis for contract are elements, such as strategies for risks/rewards sharing, liability considerations, decision making authority, and governance. The units of measure for trust are the individuals' perception, and the trust-building attributes as outlined in table 4-1.
Two IPD projects were selected and their contract agreements were studied. A questionnaire including both open-ended questions and multiple choice questions was developed based on the information collected through: 1. the IPD agreements in each case study, 2. the literature-based frameworks on trust and project delivery contracting strategies. Accordingly, two IPD case studies are developed following the analysis of their IPD agreements and the individual one-on-one interviews with their key IPD players.
The trust-building framework presented in this work includes a series of techniques that the contracting parties can follow when establishing their contractual and managerial strategies and also when interacting with each other.<br>Ph. D.
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Harvie, Michael Anthonie. "Analysis of the new proposed companies act compared to the old companies act 61 of 1973 and the King II report on corporate governance with specific focus on directors liabilities and responsibilities." Thesis, Stellenbosch : University of Stellenbosch, 2009. http://hdl.handle.net/10019.1/972.
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Thesis (MBA (Business Management))--University of Stellenbosch, 2009.<br>ENGLISH ABSTRACT: The King II Report on Corporate Governance reported that the 19th Century saw the foundations laid for modern corporations, this was the century of the entrepreneur. The 20th Century became the century of management and that the 21st Century promises to be a century of governance, as the focus swings to the legitimacy and the effectiveness of the wielding of power over corporate entities worldwide.
South Africa has come a long way since the companies reform project was formally launched in 2004 when the Department of Trade and Industry published the guidelines for corporate law reform in South Africa. Most critics believe that the new Companies Act is long overdue and will contribute to South Africa’s economic growth and align us with international standards and practices.
The aim of this research report is to educate directors and potential directors on the most significant changes brought by the new Act and the responsibilities and liabilities of directors as set out in The King II Report.<br>AFRIKAANSE OPSOMMING: Volgens die King II Report is die fondasie vir moderne korporasies gedurende die 19de eeu gelê – die eeu van die entrepreneur. Die 20ste eeu het die eeu van bestuur geword, terwyl die 21ste eeu beloof om ‘n eeu van beheer te wees soos wat die fokus verskuif na die geldigheid en die effektiewe beheer van mag oor korporatiewe entiteite wêreldwyd.
Suid-Afrika het ‘n lang pad gestap sedert die Maatskappye-hervormingsprojek formeel geloods is in 2004 met publikasie van die Departement van Handel en Nywerheid se riglyne oor korporatiewe regshervorming in Suid-Afrika. Die nuwe Maatskappye wet is lankverwag en meeste kritici glo dat dit sal bydra tot ekonomiese groei in Suid-Afrika en Suid-Afrika in lyn sal plaas met internasionale standaarde en praktyke.
Die doel van hierdie navorsingsverslag is om direkteure en potensiele direkteure in te lig omtrent die mees noemenswaardige veranderinge wat deur die nuwe Maatskappye wet daargestel sal word asook die verantwoordelikhede en aanspreeklikheid van direkteure soos uiteengesit in die King II Report.
Books on the topic "Management of liabilities"
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Fund, International Monetary, ed. Risk management of Sovereign assets and liabilities. International Monetary Fund, 1997.
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Nadine, Tunstall Pedoe, Raper David, Holden John, and International Conference on Environmental Management at Airports : Libilities and Social Responsibilities (1995 : Manchester, England), eds. Environmental management at airports: Liabilities and social responsibilities. Thomas Telford, 1996.
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Agency, International Atomic Energy, ed. Management of long term radiological liabilities: Stewardship challenges. International Atomic Energy Agency, 2006.
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Office, National Audit. Risk management: the nuclear liabilities of British Energy PLC. Stationery Office, 2004.
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Simon, Mortimore, ed. Company directors: Duties, liabilities, and remedies. Oxford University Press, 2009.
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Simon, Mortimore, ed. Company directors: Duties, liabilities, and remedies. Oxford University Press, 2009.
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DePrince, Albert Eugene. Shifts in the liability structure of bank balance sheets and implications for community banks' performance. Alex eSolutions, 2006.
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Development, United Nations Conference on Trade and. Accounting and financial reporting for environmental costs and liabilities. United Nations, 1999.
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Mattocks, Ron. Zone of insolvency: How nonprofits avoid hidden liabilities & build financial strength. John Wiley & Sons, 2008.
Find full textBook chapters on the topic "Management of liabilities"
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Biagini, Ray, and Michael Pecht. "Legal Liabilities." In Parts Selection and Management. John Wiley & Sons, Inc., 2005. http://dx.doi.org/10.1002/0471723886.ch19.
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Hallberg, Carl, M. E. Kabay, Bridgitt Robertson, and Arthur E. Hutt. "Management Responsibilities and Liabilities." In Computer Security Handbook. John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781118820650.ch63.
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Norton, Dewey. "Manage Assets, Liabilities, and Equity." In The Executive’s Guide to Financial Management. Palgrave Macmillan US, 2012. http://dx.doi.org/10.1007/978-1-137-51120-1_7.
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Tosunoğlu, Şebnem. "Management of Contingent Liabilities in Turkey." In Public Financial Management Reforms in Turkey: Progress and Challenges, Volume 2. Springer Singapore, 2020. http://dx.doi.org/10.1007/978-981-15-4226-8_4.
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Wahl, Jack E., and Udo Broil. "Financial Hedging and Banks’ Assets and Liabilities Management." In Risk Management. Springer Berlin Heidelberg, 2000. http://dx.doi.org/10.1007/978-3-662-04008-9_12.
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Heller, Peter S. "Assessing a Government’s Non-debt Liabilities." In The International Handbook of Public Financial Management. Palgrave Macmillan UK, 2013. http://dx.doi.org/10.1057/9781137315304_31.
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Kisoen, Urmila. "Assets and Liabilities Management for Central Banks." In Central Bank Reserves and Sovereign Wealth Management. Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230250819_4.
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Alcalde Delgado, R., L. Sáiz-Bárcena, M. A. Manzanedo del Campo, and R. Del Olmo. "The Importance of Intangible Liabilities to Business Management." In Lecture Notes in Management and Industrial Engineering. Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-96005-0_18.
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Allen, James F., Rudolf Kozusnik, and Kevin Connor. "Management of Environmental Liabilities in the Czech Republic." In Soil and Groundwater Pollution. Springer Netherlands, 1995. http://dx.doi.org/10.1007/978-94-015-8587-3_20.
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Brass, Daniel J., and Giuseppe Labianca. "Social Capital, Social Liabilities, and Social Resources Management." In Corporate Social Capital and Liability. Springer US, 1999. http://dx.doi.org/10.1007/978-1-4615-5027-3_18.
Full textConference papers on the topic "Management of liabilities"
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Zhukova, Aleksandra, Anna Flerova, Maxim Tarasenko, Alexey Chernov, and Ruslan Gabbasov. "Prototype for the Model-Based Assets and Liabilities Management Support System." In 2024 10th International Conference on Control, Decision and Information Technologies (CoDIT). IEEE, 2024. http://dx.doi.org/10.1109/codit62066.2024.10708180.
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Legare, Joseph A., and Eric Olson. "Legacy Management: Turning Liabilities Into Assets." In ASME 2010 13th International Conference on Environmental Remediation and Radioactive Waste Management. ASMEDC, 2010. http://dx.doi.org/10.1115/icem2010-40086.
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The Legacy Management (LM) Program has responsibility for management of over 85 post-closure sites across the United States. The program was formed through a consolidation of AEC/DOE sites being managed under separate programs and with diverse geography, regulatory bases, residual contaminants, and operating histories. Through development and implementation of a nation-wide program to ensure public safety, remedy performance, compliance, records management and ongoing stakeholder communication, the program has become efficient at meeting post-closure responsibilities and effective at proactively turning these liabilities into assets.
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Bocking, Kenneth, and P. Fitzgerald. "Management and financing of post-closure liabilities." In Seventh International Conference on Mine Closure. Australian Centre for Geomechanics, Perth, 2012. http://dx.doi.org/10.36487/acg_rep/1208_06_bocking.
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Cloutier, William A. "Decommissioning Liabilities and Cost Considerations." In ASME 2003 9th International Conference on Radioactive Waste Management and Environmental Remediation. ASMEDC, 2003. http://dx.doi.org/10.1115/icem2003-4890.
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The premature cessation of operations at several large commercial reactors in the United States has created for the owners of these facilities an accelerated liability for decommissioning. A majority of the owners of these facilities, however, still elected to proceed with immediate dismantling, even though, in many instances, the adequacy of the available funding had not been established. With limited financial resources, project success often depends upon the ability of the owner to address and resolve project encumbrances, regulatory constraints and the growth of the work scope in an expeditious and cost-effective manner. The common lesson-learned recognized in the performance of these major projects over the last 15 years, is that planning for decommissioning needs to be started earlier and include a comprehensive cost analysis so as to facilitate post-shutdown activities. This paper will summarize the processes used to identify and quantify decommissioning liabilities in the US, as well as in other countries. In particular, the objectives in developing a cost estimate will be explored, the types of estimates discussed, and the need to integrate the estimate within the ongoing planning for decommissioning. Strategic cost considerations will be identified, as well as their impact on the financial resources required. Case studies will be presented, identifying both similarities and differences in purpose and in scope. The paper will discuss the key planning tools, for example, facility characterization assessments for radiological, hazardous and toxic contaminates. Program management is the single largest expense incurred in plant decommissioning since it is a highly regulated and controlled process. However, in most instances, the oversight of decommissioning operations requires only a fraction of the original operating organization. This paper will explore the need to streamline and transition the operating staff to one that can effectively support decommissioning activities while minimizing the overall expense. Waste conditioning and disposal is a major technical, as well as financial element, in the facility decommissioning. The availability and cost of regional and national disposal facilities is a key consideration in the options selected for decommissioning, including timing, approach and methods selected. The formation and integration of a waste management strategy will be discussed along with the sensitivity of the decommissioning cost and schedule to the strategy selected. The paper will conclude with several observations relating to the need to include financial planning in any decommissioning evaluation, a discussion of lessons-learned from ongoing decontamination and dismantling projects, and common misconceptions. Recommendations will be offered for owners of those facilities currently considering decommissioning, as well as those in the early planning stage.
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Noynaert, L., and R. Cornelissen. "Management of Liabilities at SCK•CEN: Lessons Learned." In The 11th International Conference on Environmental Remediation and Radioactive Waste Management. ASMEDC, 2007. http://dx.doi.org/10.1115/icem2007-7155.
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SCK•CEN launched its technical liabilities and waste management program in 1989. This program refers 3 research reactors, 1 zero power reactor and nuclear laboratories buildings. The main decommissioning activities at SCK•CEN are focused on the BR3 reactor, but decommissioning activities are also carried out in other SCK•CEN facilities. These activities mainly concern old equipments and experiments which have to be decommissioned to make room for new R&D projects. In the past, 4 laboratory buildings of SCK•CEN were fully cleaned before they were transferred for unrestricted reuse to a non nuclear institute. The management of spent fuel and nuclear material is also part of this program. It mainly concerns the back end of BR2 HEU spent fuel, the BR3 LEU and MOX spent fuel. The Technical Liabilities and Waste Management Program are continuously monitored. Technical Liabilities costs were estimated in 1989, 1995, 2000 and 2005. This regular reassessment of the liability costs allows identifying the key issues to be tackled for the sound management of the liabilities. The key issues are listed hereafter by order of decreasing importance: • the differences between the assumption made by the State to secure the Technical Liabilities Fund and the observed economical conditions; • the drastic increase of the waste tariff; • the decrease of the clearance levels; • the development of the legislation regarding decommissioning and waste production activities.
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Kelly, M., and D. Holton. "Impact Assessment of Uranium Exploration Liabilities in Albania." In ASME 2003 9th International Conference on Radioactive Waste Management and Environmental Remediation. ASMEDC, 2003. http://dx.doi.org/10.1115/icem2003-4875.
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Former uranium mining and milling activities in Central and Eastern Europe have resulted in a number of environmental and radiological hazards to the local populations of these countries. Depending on the nature of the activities undertaken, the results can range from a small number of large liabilities (e.g. tailings heaps, ponds, etc) through to a large number of much smaller liabilities (e.g. exploration adits, contaminated rubble, etc). Where a small number of liabilities exist (e.g. Slovakia [1]), a detailed dose assessment is appropriate, from which decisions about the need (or otherwise) to remediate can be made. Where a large number of smaller liabilities exist (over six districts in Albania), time and cost constraints preclude this approach. Nevertheless, the radiological hazard from the smaller liabilities needs to be evaluated at some level of detail, to determine if remedial action is required. The focus of this paper is to assess the impact of six former Uranium exploration sites in Albania. Albania has a mountainous geography. About three-quarters of its territory consists of mountains and hills with elevations of more than 650 feet (200 metres) above sea level; the remainder consists of coastal and alluvial lowlands. The North Albanian Alps, an extension of the Dinaric mountain system, cover the northern part of the country. With elevations approaching 8,900 feet, this is the most rugged part of the country. It is heavily forested and sparsely populated, and most people there make a living at forestry or raising livestock. The six former mining sites are generally in relatively remote locations, however some are in proximity to towns and villages. In total Uranium exploration activities have led to the creation of around 1500 small liabilities. The cost and time required to undertake site-specific assessments for all 1500 liabilities would be considerable, and only limited data were available on these liabilities. Much of the historical data were gathered many years ago and it was considered that they were not to assess current liabilities. The proposed solution for the assessment of liabilities in Albania consisted of three principal subtasks: 1. Development of a screening assessment methodology that could be applied easily and quickly by local Albanian workers; 2. Development of a simple proforma outlining data requirements for the screening assessment, followed by data collection by local Albanian workers; 3. Analysis of the screening assessment results and subsequent decisions regarding which of the liabilities require intervention measures to reduce doses. The focus of this paper is the methodology of subtasks 1 and 2. The objective of the screening assessment is to distinguish those liabilities of only limited environmental impact from other liabilities of potentially significant environmental impact. It was expected that a large number of liabilities would be eliminated from further consideration, and this was found to be the case. This enabled the limited project resources to be deployed to determine the degree to which the remaining liabilities do, in practice, impact upon the environment and human health.
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Svoboda, Karel, and Josef Podlaha. "Remediation of Old Environmental Liabilities in the Nuclear Research Institute Rez plc." In ASME 2010 13th International Conference on Environmental Remediation and Radioactive Waste Management. ASMEDC, 2010. http://dx.doi.org/10.1115/icem2010-40220.
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The Nuclear Research Institute Rez plc (NRI) after 55 years of activities in the nuclear field produced some environmental liabilities that shall be remedied. There are three areas of remediation: (1) decommissioning of old obsolete facilities (e.g. decay tanks, RAW treatment technology, special sewage system), (2) processing of RAW from operation and dismantling of nuclear facilities, and (3) elimination of spent fuel from research nuclear reactors operated by the NRI. The goal is to remedy the environmental liabilities and eliminate the potential negative impact on the environment. Remediation of the environmental liabilities started in 2003 and will be finished in 2014. The character of the environmental liabilities is very specific and requires special remediation procedures. Special technologies are being developed with assistance of external subcontractors. The NRI has gained many experiences in the field of RAW management and decommissioning of nuclear facilities and will use its facilities, experienced staff and all relevant data needed for the successful realization of the remediation. The most significant items of environmental liabilities are described in the paper together with information about the history, the current state, the progress, and the future activities in the field of remediation of environmental liabilities in the NRI.
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Yang, Ruting. "Accounting Mismatch of Enterprise Assets and Enterprise Liabilities." In 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021). Atlantis Press, 2021. http://dx.doi.org/10.2991/assehr.k.211209.295.
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Podlaha, Josef. "Decommissioning and Decontamination and Radioactive Waste Management Within the Framework of Remediation of Environmental Liabilities in the Nuclear Research Institute Rez plc." In ASME 2003 9th International Conference on Radioactive Waste Management and Environmental Remediation. ASMEDC, 2003. http://dx.doi.org/10.1115/icem2003-4838.
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After more than 45 years of activities in the nuclear field, there are many environmental liabilities that shall be remedied in the Nuclear Research Institute Rez plc, Czech Republic. The Nuclear Research Institute Rez plc (NRI) is a leading institution in all areas of nuclear R&D in the Czech Republic. NRI operates two research nuclear reactors and many facilities such as a hot cell facility, research laboratories, technology for radioactive waste (RAW) management, radionuclide irradiators, electron accelerators, etc. Except of facilities that will be decommissioned in the future, there are many retired facilities that will be decommissioned soon. There are three main areas of remediation: [1] decommissioning of old obsolete facilities (e.g. decay tanks, liquid RAW storage tanks, old RAW treatment technology, special sewage system), [2] processing of RAW resulting from operation and dismantling of nuclear facilities (e.g. RAW from reconstruction of the VVR-S research reactor), and [3] elimination of spent fuel from research reactors. The goal is to remedy the environmental liabilities and eliminate the potential negative impact on the environment. Based on this postulate, optimal remedial actions have been selected and recommended for the environmental remediation. Remediation of the environmental liabilities with the large potential impact on the environment has already been started. The most significant items of environmental liabilities are discussed. The main goal is to describe the current state, the progress and the future activities in remediation of environmental liabilities.
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Vincent, D. "Reducing greenhouse gas liabilities through energy efficiency and carbon management." In IET Seminar on Kyoto - at What Price? How GHG Markets are Impacting the Power Industry. IEE, 2006. http://dx.doi.org/10.1049/ic:20060250.
Full textReports on the topic "Management of liabilities"
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Demaestri, Edgardo C., and Cynthia Moskovits. Toolkit for the Identification, Measurement, Monitoring, and Risk Management of Contingent Sovereign Liabilities. Inter-American Development Bank, 2015. http://dx.doi.org/10.18235/0010628.
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Sovereign contingent liabilities materialize when uncertain future events, which are largely beyond the State's control, occur. They can represent a significant burden for public finances and jeopardize public debt management and sustainability. This paper presents a toolkit for the identification and systematization, measurement, monitoring, and reporting of these liabilities. Based on the proposal of a general methodology, the toolkit develops specific estimation methodologies for different categories of sovereign contingent liabilities. These methodologies are then applied in hypothetical exercises, complemented with illustrations taken from the international context. Furthermore, to illustrate how the toolkit might be applied, the paper provides examples that test sensitivity to changes in the variables andparameters that affect contingent liabilities. The study demonstrates that the toolkit can help to achieve improved and better-informed management of public debt and sovereign contingent liabilities, as well as of their associated financial and fiscal risks.
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McDonald, Tia, and Ron Durst. analysis of the effect of sunsetting tax provisions for family farm households. Economic Research Service, U.S. Department of Agriculture, 2024. http://dx.doi.org/10.32747/2024.8327788.ers.
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Two recent laws enacted temporary provisions to the Federal tax code: the American Rescue Plan Act (ARPA) and the Tax Cuts and Jobs Act (TCJA). The authors of this report assess the impact of these sunsetting tax provisions on tax liabilities for farm households. Using data from the USDA, Agricultural Resource Management Survey (2018-21) and the USDA, Economic Research Service's Federal income tax and estate tax models, the authors estimate that the expiration of the temporary provisions of the ARPA and TCJA would increase farm households' Federal income tax liabilities by $8.9 billion and estate tax liabilities by $647 million in the year following expiration.
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Prats Cabrera, Joan Oriol, and Jimena Chiara. Debt Management Institutions in Latin America and the Caribbean: A Comparative Analysis. Inter-American Development Bank, 2022. http://dx.doi.org/10.18235/0003953.
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Public debt management is one of the most crucial functions of any government, but we know little about how debt management offices operate. Based on a survey of 24 Latin American and Caribbean countries, this document presents the first systematic effort to analyze how these offices are organized and how they perform crucial debt management functions: developing and executing the strategy for managing the States' portfolio of liabilities and new borrowing. The evidence indicates that, although institutional capacity to manage public debt has improved in the region, the experience is uneven among countries. We conclude by highlighting potential areas for improvement.
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Cavallo, Eduardo A. Debt Management in Latin America: How Safe Is the New Debt Composition? Inter-American Development Bank, 2010. http://dx.doi.org/10.18235/0008403.
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While public debt ratios in Latin America increased in 2009 amid the global financial crisis, they remain below levels reached following the Asian and Russian crises of the late 1990s. Moreover, debt composition has continued to shift towards "safer" debt (domestic debt with a higher prevalence of domestic currency liabilities). However, the current debt structure poses risks and policy challenges that should not be overlooked. Reviewing the latest available data on debt levels and composition for the region's largest countries, this brief concludes that debt managers should avoid complacency in thinking that the region is completely redeemed from old sins. Particularly overlooked is that there does not yet exist in the region a large investor base for debt denominated in domestic currency at fixed nominal rates and reasonably long maturities.
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Al Ghassani, Rashid. Enhancing Crisis Management Frameworks and Supervision of the Islamic Financial Services Industry. Islamic Development Bank Institute, 2024. http://dx.doi.org/10.55780/re24044.
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While the Islamic financial services industry has thus far been fortunate to avoid a large-scale crisis, valuable lessons can be learned from conventional finance in order to effectively manage any potential future challenges. Until now, the Islamic finance sector has a good track record of successfully resolving isolated issues at the national level in a timely and measured manner. This experience provides a strong foundation upon which to build robust crisis management protocols. The nature and pace of a crisis can vary significantly depending on the affected sector and the level of interdependence within that system. Banking crises, for instance, tend to unfold rapidly due to the vital role of liquidity. The ease with which assets can be withdrawn and the resulting impact on confidence further accelerates such financial emergencies. While the last three decades have witnessed a multitude of such events, a closer examination reveals both common threads and crucial distinctions. One common element across these crises is the erosion of trust in financial institutions. This can be triggered by excessive risk-taking, a mismatch between assets and liabilities, or external economic shocks. When confidence declines, deposit withdrawals escalate, creating a liquidity crisis that can quickly spiral out of control. The speed and severity of this phenomenon is often magnified by the interconnectedness of the modern financial system.
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Demaestri, Edgardo C., Cynthia Moskovits, and Jimena Chiara. Management of Fiscal and Financial Risks Generated by PPPs: Conceptual Issues and Country Experiences. Inter-American Development Bank, 2018. http://dx.doi.org/10.18235/0001470.
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This paper discusses the main issues concerning sovereign fiscal and financial risks from public–private partnerships (PPPs) with a focus on contingent liabilities (CLs). It is based on the presentations and discussions that took place during the XI Annual Meeting of the Group of Latin American and the Caribbean Debt Management Specialists (LAC Debt Group), held in Barbados in August 2015. The main issues discussed include PPP risks assessment, institutional framework for PPP risk management, and accounting and reporting of CLs generated by PPPs. Six country cases (Chile, Colombia, Costa Rica, Honduras, Suriname, and Turkey) are presented to illustrate experiences with different degrees of development regarding the management of risks and CLs related to PPPs. The document concludes that PPP risk management should encompass the whole lifecycle of a PPP project, risks need to be identified and CLs must be estimated and monitored, and the institutional capacity of governments to evaluate and manage PPP risks plays a central role in the successful development of PPP contracts. Although institutional capacities in this regard have improved in recent years, estimations of CLs involved in PPPs are not regularly performed, and there is still room for improvement on the assessment, measurement, registration, budgeting, and reporting of risks and CLs related to PPPs.
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Cheeseman, Kathryn, Brian Lucas, and Mahdi Zaidan. Climate Related Fiscal Risk. Institute of Development Studies, 2024. https://doi.org/10.19088/k4dd.2024.085.
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This review is the first in a series of three reports prepared in support of a Knowledge for Development and Diplomacy (K4DD) evidence and policy clinic on public financial management (PFM). The first part of the review addresses the proactive management of fiscal risks, public asset management, and liabilities associated with climate change for PFM. Given the wide range of fiscal risks associated with climate change, which are context dependent and subject to uncertainty, and which may also be compounded or modulated by a country’s natural hazard exposure, economic development and activity, credit rating, debt and access to external financing, among other factors, this chapter is not systematic but is instead intended to serve as an introduction to some of the key discussions in the literature on PFM related to managing climate-related fiscal risks. The second part of the review provides brief overviews of five examples of approaches to managing fiscal risks associated with climate change. The third part of the review deals with how differences in geography, economic development and governance impact how governments approach climate-related fiscal risk management.