Medina, Fabio Augusto Scalet and Kimura, Herbert (2022) Impacts of the COVID-19 pandemic on operational losses. Frontiers in Applied Mathematics and Statistics, 8. ISSN 2297-4687
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Abstract
The main objective of the present study was to determine whether the COVID-19 pandemic impacted the frequency and severity of financial institutions' operational losses. We selected four types of operational-risk events and, applying linear regression, concluded that the pandemic impacted the severity of operational losses. In terms of the frequency of operational losses, we observed no statistically significant difference between pre- and postpandemic losses; however, regarding the severity of losses, we observed an increase in the postpandemic period for the aggregate data, and when analyzing the types of operational-risk events individually, we observed that the frequency of some events increased and others decreased after the pandemic, necessitating a detailed investigation into the reasons for the increase or decrease in the severity of losses.
Item Type: | Article |
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Subjects: | Euro Archives > Mathematical Science |
Depositing User: | Managing Editor |
Date Deposited: | 12 Dec 2022 11:58 |
Last Modified: | 29 May 2024 05:09 |
URI: | http://publish7promo.com/id/eprint/798 |