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Risk Management Analysis for Novel Coronavirus in Wuhan, China

Risk Management of COVID-19 by Universities in China

by 1, 1, 2 and 3,4,5,6,7,8,*
Institute of Education, Tsinghua University, Beijing 100091, China
School of Sciences, European University Cyprus, 1516 Nicosia, Cyprus
Department of Finance, College of Management, Asia University, Wufeng District, Taichung 41354, Taiwan
Discipline of Business Analytics, University of Sydney Business School, Sydney, NSW 2006, Australia
Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, 3062 Rotterdam, The Netherlands
Department of Economic Analysis and ICAE, Complutense University of Madrid, 28040 Madrid, Spain
Department of Mathematics and Statistics, University of Canterbury, Christchurch 8041, New Zealand
Institute of Advanced Sciences, Yokohama National University, Kanagawa 240-8501, Japan
Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2020, 13(2), 36;
Received: 18 February 2020 / Accepted: 18 February 2020 / Published: 19 February 2020
(This article belongs to the Special Issue COVID-19’s Risk Management and Its Impact on the Economy)
The rapid spread of new coronaviruses throughout China and the world in 2019–2020 has had a great impact on China’s economic and social development. As the backbone of Chinese society, Chinese universities have made significant contributions to emergency risk management. Such contributions have been made primarily in the following areas: alumni resource collection, medical rescue and emergency management, mental health maintenance, control of staff mobility, and innovation in online education models. Through the support of these methods, Chinese universities have played a positive role in the prevention and control of the epidemic situation. However, they also face the problems of alumni’s economic development difficulties, the risk of deadly infection to medical rescue teams and health workers, infection of teachers and students, and the unsatisfactory application of information technology in resolving the crisis. In response to these risks and emergency problems, we propose some corresponding solutions for public dissemination, including issues related to medical security, emergency research, professional assistance, positive communication, and hierarchical information-based teaching. View Full-Text
Keywords: COVID-19; Wuhan; Chinese universities; risk management; public safety; Information technology; online education COVID-19; Wuhan; Chinese universities; risk management; public safety; Information technology; online education
MDPI and ACS Style

Wang, C.; Cheng, Z.; Yue, X.-G.; McAleer, M. Risk Management of COVID-19 by Universities in China. J. Risk Financial Manag. 2020, 13, 36.

AMA Style

Wang C, Cheng Z, Yue X-G, McAleer M. Risk Management of COVID-19 by Universities in China. Journal of Risk and Financial Management. 2020; 13(2):36.

Chicago/Turabian Style

Wang, Chuanyi, Zhe Cheng, Xiao-Guang Yue, and Michael McAleer. 2020. "Risk Management of COVID-19 by Universities in China" Journal of Risk and Financial Management 13, no. 2: 36.

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