Risk

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1 - Jurisprudential and ethical analysis of business risk and comparing it to Garar with an emphasis on general rules of revenue generating risk
Seyyed Mohammad Sadegh Mousavi Ruhollah Raisi

"With technological development and increasing needs of societies, new economical transactions have been formed in societies in which risk has been embedded in the heart of these transactions. Risk in its literal meaning is “The danger resulting from uncertainty about a More

"With technological development and increasing needs of societies, new economical transactions have been formed in societies in which risk has been embedded in the heart of these transactions. Risk in its literal meaning is “The danger resulting from uncertainty about a possible occurrence of an incident in future”. Risk is a necessity for most of national and international commercial activities. In addition, in ethical perspective, humans’ development in individual, social, and economical, etc. aspects are guided by human’s behavior and decisions. It is obvious that realization of this aim is possible in certain and usual situations. However, in risky situations where a human is uncertain about or unaware of the consequences of his action, it seems difficult to make a decision that is in line with ethical norms. Hence, the present study in addition to analyzing business risk and comparing it to Gharar , aims at answering this fundamental question: what are the fundamentals of jurisprudential legitimacy and ethical narrative of revenue generating risk? The current study by using a descriptive-analytical method will show that: first, Gharar arises from ignorance or risks related to the pillars of contract and its outcome in transactions is the unfair increase in ones’ wealth to the detriment of the other one in the contract. However, risk in business is related to the future of invested capital and it has no relation with pillars of contract. Meanwhile, any profit or loss from business risk is a consequence of economic changes in supply and demand. Second, legitimacy of revenue risk as the superstructure can be inferred from the analysis of general jurisprudential rules on revenue generating risk with the centrality of the rule “Al-kharaj bial-ziman (profits against ‎liability)”. Third, in ethical perspective, a risk is considered legitimate if it is taken wisely and fairly and is based on individual and social interests. " Manuscript profile
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2 - Examining the appropriate pattern of moral hazard in the non-financial terms of oil and gas contracts
Davood Baghaee Babak Vosoughifard Homayoun Habibi

Today, oil has a lot in the economy of its producing countries. For numerous reasons, including the colonial relations between the producing countries and the colonial peoples on the one hand, and the lack of specialist forces and the necessary capital for oil productio More

Today, oil has a lot in the economy of its producing countries. For numerous reasons, including the colonial relations between the producing countries and the colonial peoples on the one hand, and the lack of specialist forces and the necessary capital for oil production in the Third World countries, with the participation of mainly capitalists from industrialized countries. For this reason, the legal nature of these relationships has been the subject of many discussions. On the one hand, the general and economic aspects and its moral hazard for the host country and the private aspects of capitalism have added to the difficulty of the discussion. The financial and non-financial conditions of such contracts have changed dramatically in different periods of history, creating many patterns. The political and economic changes in the world, in turn, have brought about changes and changes in the context of these relations and its moral hazard. A survey of the first form of these oil relations, signed under the title "Concession Concession" of capital investors with oil-rich governments, has revealed that today's conventional contracts can outline the different aspects of morality in these contracts. In this paper, the study of the appropriate model of moral hazard in the non-financial conditions of oil and gas contracts in Iran is carried out in a descriptive-analytical manner.. Manuscript profile
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3 - The Role of Auditors' Social and Professional Responsibility Insurance on Audit Risk and Audit Quality Using the Delphi Approach and Structural Equations
Ali Khozain
20.1001.1.23833279.1399.10.39.10.2

This research investigates the role of auditors' social and professional liability insurance on the risk of reputation and quality of audit using the Delphi approach. One way to eliminate risk is to transfer risk, and since auditors may face some risks for various reaso More

This research investigates the role of auditors' social and professional liability insurance on the risk of reputation and quality of audit using the Delphi approach. One way to eliminate risk is to transfer risk, and since auditors may face some risks for various reasons, such as failures, professional liability insurance is at stake for them. This study was conducted using a Delphi approach based on 95 questionnaires completed by the auditors in 2018. Using by Structural Equations the results of the first hypothesis showed that independent auditors consider social and professional liability insurance to reduce the risk of their reputation and there is a negative and significant relationship between social insurance and professional liability insurance and the risk of auditors' reputation. The association with the second hypothesis of the results showed that social and professional liability insurance would reduce audit quality Manuscript profile

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List of Articles Risk