- 2015-03-09 (x)
- Hayes, James K. (x)
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Show moreMy research interest is to understand the business plan for industries to invest in security against terrorism, if and why this investment is likely to be less than socially optimal and what government's role is in promoting the appropriate level of investment in security in a free market economy. I believe that an industry’s ability to pay for such protection is an important factor but have also relied heavily on the economic literature regarding the theoretical circumstances in which a private actor will willingly contribute to the provision of a public good. Unfortunately, the literature is ambiguous in its prediction regarding this subject. Moreover, in the real world additional factors impact the motivations of private sector actors. In the United States especially, the legal system whose free market manifestation appears in the insurance industry can have a significant impact on private sector decisions. Ultimately, this study will rely on the testimony of the practitioners themselves to develop a grounded theory for the motivations and obstacles to the voluntary implementation of terrorism protection in the hope that the findings will serve as a useful guide to policy makers seeking to protect the populace from this 21 st century threat.
Doctorate of Management Programs
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Show moreSociety faces many common challenges that the corporate sector can play a large role to help address. Security against terrorism is one such challenge and is an important pre-condition to sustainable development. Moreover, since terrorism often operates outside of the jurisdiction of state authorities, it is becoming clear that governments cannot address this issue alone. In the United States, for example, there is a large portion of the nation’s infrastructure that owned by the private sector. Using data obtained from 158 survey responses from security professionals in the public and private sector, our structural equation model determined that while prior field surveys indicate that there are many factors that influence the size of security spending including a sense of social responsibility and attitude toward risk, the most important factor is the costbenefit analysis that companies themselves undertake. These results may apply to many situations, such as global warming, piracy and pollution control, in which cooperation from the private sector is needed to address threats whose risk is difficult to assess.
Doctorate of Management Programs
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