The identification and measurement of political risk : toward a firm-centric approach

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dc.contributor.advisorSchrire, Robert Aen_ZA
dc.contributor.advisorSeegers, Annetteen_ZA
dc.contributor.authorAndrews, Richard Quentin Dunkleyen_ZA
dc.date.accessioned2015-12-28T06:00:47Z
dc.date.available2015-12-28T06:00:47Z
dc.date.issued1995en_ZA
dc.descriptionBibliography: pages 168-181.en_ZA
dc.description.abstractPolitical risk analysis is the study of economic and social discontinuities and changes which result in speculative constraints and opportunities for transnational business. This paper explores the problem of establishing definitional congruity at conceptual and operational levels of analysis and recommends the adoption of firm-centric approaches to assessing risk originating in the political environment. Conclusions are arrived at by means of partial induction, based on a rigorous comparative examination of a comprehensive body of literature. The first section delineates various fiduciary frameworks, historical and definitional issues, covering the foundational concepts of certainty, uncertainty, chance and risk. Current definitions of political risk are compended, and a new definition is suggested, compatible with the day-to-day operations of globalised firms. Models and methods for the measurement and identification of political risk are reviewed in the second part of the paper. Conceptual and operational incongruencies are investigated from a perspective which aims at establishing the need for a firm-specific conceptual schematicisation of political risk. Approaches based on aggregation by macro or micro distinction are rejected in favour of the proposed conceptual model. Finally, the remaining part of the paper considers current and past models which place the firm at the centre of the analytical procedure. An abstract model of the firm is described for the purpose of including constraints on business interests, norms, rules, practices and procedures, profitability and other goals. Some empirical data is discussed with a view to confirming the necessity for adopting firm-centric approaches. The conclusion recommends further research in the form of empirical case studies which consider risk in relation to the individual firm.en_ZA
dc.identifier.apacitationAndrews, R. Q. D. (1995). <i>The identification and measurement of political risk : toward a firm-centric approach</i>. (Thesis). University of Cape Town ,Faculty of Humanities ,Department of Political Studies. Retrieved from http://hdl.handle.net/11427/15948en_ZA
dc.identifier.chicagocitationAndrews, Richard Quentin Dunkley. <i>"The identification and measurement of political risk : toward a firm-centric approach."</i> Thesis., University of Cape Town ,Faculty of Humanities ,Department of Political Studies, 1995. http://hdl.handle.net/11427/15948en_ZA
dc.identifier.citationAndrews, R. 1995. The identification and measurement of political risk : toward a firm-centric approach. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Andrews, Richard Quentin Dunkley AB - Political risk analysis is the study of economic and social discontinuities and changes which result in speculative constraints and opportunities for transnational business. This paper explores the problem of establishing definitional congruity at conceptual and operational levels of analysis and recommends the adoption of firm-centric approaches to assessing risk originating in the political environment. Conclusions are arrived at by means of partial induction, based on a rigorous comparative examination of a comprehensive body of literature. The first section delineates various fiduciary frameworks, historical and definitional issues, covering the foundational concepts of certainty, uncertainty, chance and risk. Current definitions of political risk are compended, and a new definition is suggested, compatible with the day-to-day operations of globalised firms. Models and methods for the measurement and identification of political risk are reviewed in the second part of the paper. Conceptual and operational incongruencies are investigated from a perspective which aims at establishing the need for a firm-specific conceptual schematicisation of political risk. Approaches based on aggregation by macro or micro distinction are rejected in favour of the proposed conceptual model. Finally, the remaining part of the paper considers current and past models which place the firm at the centre of the analytical procedure. An abstract model of the firm is described for the purpose of including constraints on business interests, norms, rules, practices and procedures, profitability and other goals. Some empirical data is discussed with a view to confirming the necessity for adopting firm-centric approaches. The conclusion recommends further research in the form of empirical case studies which consider risk in relation to the individual firm. DA - 1995 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1995 T1 - The identification and measurement of political risk : toward a firm-centric approach TI - The identification and measurement of political risk : toward a firm-centric approach UR - http://hdl.handle.net/11427/15948 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/15948
dc.identifier.vancouvercitationAndrews RQD. The identification and measurement of political risk : toward a firm-centric approach. [Thesis]. University of Cape Town ,Faculty of Humanities ,Department of Political Studies, 1995 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/15948en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Political Studiesen_ZA
dc.publisher.facultyFaculty of Humanitiesen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherPolitical Studiesen_ZA
dc.titleThe identification and measurement of political risk : toward a firm-centric approachen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMAen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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