Построение оптимального контракта для менеджера банка, стимулирующее неприятие избыточного риска
Bank of Russia instruction No. 154-I requests to develop remuneration system for bank employees that take and control risks, particularly paying attention to defining variable and deferred parts of remuneration. This paper addresses the first issue to define veariable part of remuneration. Paper offers optimal incentive contract for agents that differ by risk-perception considering the level of effort applied and the level of risk they take. It is shown that agents (employees) with different risk-perception should have different contract parameters. It is argued that for efficiency purpose variableremuneration parts should be differentiated by the level of risk taken.
Implementation of IT and program projects seems to be very complicated and taught process, associated with many uncertainties and risks. Sure, this does not mean the rejection of such projects, supposed the more responsibility for the decision making process of new information technologies implementation. To manage various problems which face project managers, it makes sense to use special risk management software. The functionality of modern risk management systems allows identifying risk occurrence, conducting scenario modeling, take the more appropriate managing decisions based on scenario analysis and mathematical calculations. All these functionality will support project manager to optimize his business activities in accordance to risk management practices and ensure better coordination and balance inside the project team. Currently there available a wide range of project management software, but it is reasonable to conduct some analysis in terms of applicability to specific IT projects. The author will review the most appropriate software solutions for the risk management in IT area, conduct competitive analysis and provide some recommendations on software selection.
The author of article E.P.Gavrilov, professor of the chair of the civil law of the Higher school of economy, doctor of law answers to the questions of readers of the magazine, received in connection with his previously published article.
This book is a comprehensive tutorial for labor motivation management. Сourse on motivation and remuneration is mandatory Human Resource Management bachelor and master programs. Motivation and remuneration is also a part of human resources management course, which is a mandatory part for any managerial education program. This book is intended not only for students but also for a wide range of readers. It is written for practicing managers, management consultants, university and MBA programs professors. The main idea of this book is to connect a hands-on experience in implementing described models with a scientific base.
The book is published by the Italian-German Research Center on the basis of the International Scientific Conference «Imperium, state, civitas. Critical contribution to the concept of power in the postmodern era ", held in Villa Vigone (Italy) 19-21 March 2013. The book is a collection of the articles of Italian, German, Russian and Chinese professors of jurisprudence.
The possibility of using the category of "value community" in the study of risk is analyzed. On the example of the "psychophysical numbing" studies we try to show the possible contribution of sociology based on utilizing the resources of functionalism and of "folk sociology" approach.
The present article contains a description of new method of royalty calculation based on analysis of risk decrease generated by franchisor's intellectual assets transmitted to franchises.
The article discusses the productivity of using the naïve theories of communities in the study of the social aspects of risk. We identify existing and future research directions. We also discuss the question of what aspects of risk and risk perception can potentially depend upon naïve perceptions of the communities. A brief description of the main approaches to the study of lay theories communities is also given.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.