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- Title
SURVEY ON COMPLEXITY SCIENCE ADOPTION IN EMERGING RISK MANAGEMENT OF ZIMBABWEAN BANKS.
- Authors
Tepetepe, Gilbert; Simenti-Phiri, Easton; Morton, Danny
- Abstract
This paper aims to test complexity science theory adoption by Zimbabwean banks to fulfil the Basel Committee's demand for a new method and paradigm on emerging risk management. Unlike conventional risks, the absence of standard definition, framework, and paradigm for emerging risks' management poses challenges in Zimbabwean banks and globally. Data are collected by a structured questionnaire from 120 Risk Managers in 16 banks. Banks are divided into strata by bank size and ownership structure. Data analysis uses descriptive statistics. This paper finds higher levels of complexity science adoption on fourrealms of emergence and adaptive properties but lower on modeling methods. The level of adoption and awareness is similar in Pan African, indigenous, and international banks. This paper contributes to the body of knowledge in two specific ways. First it adds insights to debate on finding standard definition for emerging risks. Second it pioneers and validates the adoption of complexity science theory for emerging risk management in Zimbabwean banks.
- Subjects
BASEL (Switzerland); COMPLEXITY (Philosophy); BANK management; INTERNATIONAL banking industry; ADOPTION; RISK management of financial institutions
- Publication
Journal of Global Business & Technology, 2021, Vol 17, Issue 2, p41
- ISSN
1553-5495
- Publication type
Article