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Selected AbstractsHow IT governance is changingJOURNAL OF CORPORATE ACCOUNTING & FINANCE, Issue 5 2006Kamal Khan Global connectivity is now a common expectation. But as corporations reach out and become available globally 24 hours a day, they're exposed to much greater information technology (IT) security risks. And they also must focus on optimizing the value of their IT resources. So, constant oversight, or IT governance, is critical. But it has to deal with a continually changing landscape. And although companies have made much progress in recent years, many businesses still have a long way to go. © 2006 Wiley Periodicals, Inc. [source] Handling Weather Related Risks Through the Financial Markets: Considerations of Credit Risk, Basis Risk, and HedgingJOURNAL OF RISK AND INSURANCE, Issue 2 2007Linda L. Golden The profits of many businesses are strongly affected by weather related events, and insurance against weather related risks (acts of God) has been a traditional domain for transfer of (certain) of these risks. Recent innovations in the capital market have now provided financial instruments to transfer and hedge some of these risks. Unlike insurance solutions, however, using these financial derivative instruments creates a situation in which the return to the purchaser of the instrument is no longer perfectly correlated with the loss experienced. Such a mismatch creates new risks which must be examined and evaluated as part of ascertaining cost effective risk management plans. Two newly engendered risks, basis risk (the risk created by the fact that the return from the financial derivative is a function of weather at a prespecified geographical location which may not be identical to the location of the firm) and credit risk (the risk that the counterparty to the derivative contract may not perform), are analyzed in this article. Using custom tailored derivatives from the over the counter market can decrease basis risk, but increases credit risk. Using standardized exchange traded derivatives decreases credit risk but increases basis risk. Here also the effectiveness of using hedging methods involving forwards and futures having linear payoffs (linear hedging) and methods using derivatives having nonlinear payoffs such as those involving options (nonlinear hedging) for the purpose of hedging basis risk are examined jointly with credit risk. [source] The design and use of WSDL-Test: a tool for testing Web servicesJOURNAL OF SOFTWARE MAINTENANCE AND EVOLUTION: RESEARCH AND PRACTICE, Issue 5 2007Harry M. Sneed Abstract Web services are becoming increasingly important to many businesses, especially as an enabling technology for systems that adopt a service-oriented architecture approach to their development. However, testing Web services poses significant challenges. This paper describes the design and use of WSDL-Test, a tool designed specifically for this purpose. A key feature of WSDL-Test is its ability to simulate the actual usage of Web services in a controlled environment. This enables WSDL-Test to generate requests and validate responses in a rapid and reliable manner. To illustrate the use of WSDL-Test, the paper also discusses our experience using the tool on a real-world online eGoverment application. Copyright © 2007 John Wiley & Sons, Ltd. [source] Building Portals for Higher EducationNEW DIRECTIONS FOR INSTITUTIONAL RESEARCH, Issue 113 2002Richard A. Pickett Personalized profiles and information for each customer or group of customers have been already put in practice by many businesses. The key premise underlying this concept is that customers want on-demand access to information that is tailored to their needs and preferences. The chapter discusses the concept of portals and its application in higher education for building personalized, Web-deployed Intranet and decision support systems. [source] Shifting Paradigms in Corporate Environmentalism: From Poachers to GamekeepersBUSINESS AND SOCIETY REVIEW, Issue 3 2010SUKHBIR SANDHU ABSTRACT This article provides an insight into the changing role of businesses in dealing with the natural environment issues. From being regarded as poachers of the natural environment, many businesses have now started to position themselves as gamekeepers of the natural environment. This article traces the events and factors that have contributed toward this shift. The article starts with an introduction to the current state of the natural environment. It then discusses the role that businesses have traditionally played in contributing toward the rapid deterioration of the natural environment. The article then traces the events that have gradually resulted in businesses accepting that they have a responsibility to address environmental issues. This is followed by an overview of the business responses, to the risks and opportunities, posed by changes in the natural environment. The article then provides a brief overview of the various phase models that attempt to categorize business responses to environmental issue. The conclusion focuses on the challenges that lie ahead. [source] |