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Geodemographics and Urban Planning Analysis: An Historical Review Read chapter Read first chapter

2022 | OriginalPaper | Chapter

19. Risk Culture: Comparative Analysis of Risk Management

Author : Yuji Maeda

Published in: Theory and History in Regional Perspective

Publisher: Springer Nature Singapore

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Abstract

Facing the COVID-19 pandemic in 2020, we find quite different people’s attitudes among nations toward the same crisis. This is a good timing to analyze why there shows such difference between countries. In this paper, we argue about factors of the culture which determine the characteristics of risk management in the country. Especially referring to insurance industry, we attempt to clarify why, and to what extent, the culture influences risk management in Japan in comparison with Anglo-Saxon and European countries.

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previous chapter A Test for the Herfindahl Index
next chapter What Is Our Study of Risk for? The Case of the Japanese “Go To Campaign”
Footnotes
1
Tokio Marine Insurance Company started in 1878.
 
2
Business interruption insurance is to indemnify the loss of profits and the continuing fixed expenses during the break of commercial activities due to occurrence of a peril (Rubin 1995).
 
3
GHQ is General Headquarters, the Supreme Commander for the Allied Powers that were to execute a policy into Japan based on Potsdam Declaration.
 
4
Keiretsu is a group of firms connected by holding shares each other. Within Keiretsu, a bank, insurance companies, a trust company act as financing companies for group firms. Keiretsu have firms from different industries. For example, Mitsubishi Keiretsu consists of Mitsubishi Bank, Tokio Fire and Marine Insurance Company, Meiji Life Insurance Company, Kirin Brewery, Asahi Glass, Mitsubishi Electrics among others.
 
5
General Affairs Department deals with anything else besides business operations.
 
6
C-level executives are such as chief finance officers, chief operating officers and chief risk officers.
 
7
Just-in-time is a production of Toyota, eliminating all the waste. Warehouse, storage, redundancies among others are considered as waste. They try to produce automobiles, what is needed, when it is needed and the amount needed.
 
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Metadata
Title
Risk Culture: Comparative Analysis of Risk Management
Author
Yuji Maeda
Copyright Year
2022
Publisher
Springer Nature Singapore
Book
Theory and History in Regional Perspective

Print ISBN: 978-981-16-6694-0

Electronic ISBN: 978-981-16-6695-7

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-981-16-6695-7_19