The effect of competition on safety management to reduce risk in banking. (2016)

• Record Type: Journal Article
• Authors: Okura, Mahito
• Is Part Of: International journal of financial innovation in banking. Volume 1:Number 1/2(2016)
• Page Start: 29
• Page End: 42
• Publication Date: 2016
• Subjects: safety management -- competition -- game theory -- risk reduction -- banking industry -- risk management; Banks and banking -- Periodicals; 332.17
• Languages: English
• ISSNs: 2055-6780

Abstract

The purpose of this research is to investigate safety management issues in relation to competition, using a game theoretical model. It seems that competition is a key factor in characterising the decision-making process as to whether safety management should be conducted. Therefore, in this research, the following two questions are considered. The first question is whether a relationship between competition and safety management exists because the reality of this link remains an open question. As a corollary, we investigate how the level of competition affects the conduct of safety management if such a relationship does exist. The second question involves identifying the types of conditions required to realise the outcome in which all firms conduct safety management.