Authors: Mahito Okura
Addresses: Faculty of Contemporary Social Studies, Department of Social System Studies, Doshisha Women's College of Liberal Arts, Kodo, Kyotanabe, Kyoto 610-0395, Japan
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.
Keywords: safety management; competition; game theory; risk reduction; banking industry; risk management.
International Journal of Financial Innovation in Banking, 2016 Vol.1 No.1/2, pp.29 - 42
Received: 24 Oct 2014
Accepted: 30 Jul 2015
Published online: 16 May 2016 *