Table 5.
Risk exposures comparison between industries.
| Industry | Top 5 risk exposures |
Industry representative risk |
||
|---|---|---|---|---|
| Risk topics | Proportion | Risk topics | Proportion | |
| Energy | Regulation | 12.38% | Drill success | 5.07% |
| Energy price | 7.30% | Pipeline | 2.67% | |
| Partner and shareholder interest | 6.78% | Exploration | 2.51% | |
| Merger & acquisition | 5.96% | Derivatives | 1.92% | |
| Stock market | 5.76% | Power transmission | 1.55% | |
| Banking | Regulation | 16.64% | Asset value fluctuation | 7.22% |
| Strategy | 14.89% | Development of borrowers | 2.71% | |
| Management operation | 13.02% | Financial expense | 3.21% | |
| Loan loss | 9.38% | Financial institutions interaction | 1.38% | |
| Asset value fluctuation | 7.22% | Country credit rating | 0.16% | |
| Tourism | Regulation changes | 11.53% | Partnership risk | 3.72% |
| Business expansion risk | 10.73% | Demand fluctuation risk | 2.38% | |
| Stock market risk | 9.79% | Seasonal risk | 1.24% | |
| Market risk | 6.27% | Food safety risk | 0.79% | |
| Cost risk | 4.79% | Epidemic risk | 0.58% | |
Note: The results of the energy and banking industry are quoted separately from the work of Wei et al. (2019c), and Wei et al. (2019b).