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risk analysis and management
(1009 results)-
Case Studies
Managing Risk Through Effective Team-Based Decision Making
Jul 2008
Making sure that government, businesses and households have secure supplies of energy is a huge commitment. Engineers working for the energy supply companies must make sure that this commitment is...
Provided by MBA Publishing
-
White Papers
A Note On The Economics And Statistics Of Predictability: A Long Run Risks Perspective
Nov 2007
Asset return and cash flow predictability is of considerable interest in financial economics. The debate regarding return and cash flow predictability has been at center stage in finance for...
Provided by Duke University (Fuqua-Global)
-
White Papers
Risks For The Long Run: Estimation And Inference
Sep 2007
This paper empirically evaluates the ability of the long-run risks model to explain asset returns. Exploiting asset pricing Euler equations this paper shows methods developed for estimating the...
Provided by Duke University (Fuqua-Global)
-
White Papers
Moral Hazard, Collateral And Liquidity
Dec 2007
ously account for key asset price puzzles in bond, currency and equity markets.
Provided by Duke University (Fuqua-Global)
-
White Papers
Does Securitization Reduce Credit Risk Taking? Empirical Evidence From US Bank Holding Companies
Jan 2010
This paper investigates the impact of securitization on the credit-risk taking behavior of banks. Using US bank holding company data from 2001 to 2007 it is found that banks with a greater balance...
Provided by City University of London (Cass)
-
White Papers
Emerging Themes In Banking: Recent Literature And Directions For Future Research
Nov 2009
This paper presents a review of the recent literature in banking around the core themes of performance, risk and governance of financial institutions. This paper backdrop of the recent financial...
Provided by City University of London (Cass)
-
White Papers
Competition And Risk Taking Incentives In The Lending Market: An Application To Indian Banking
Sep 2009
This paper develops a structural model of competition in the lending market to examine the impact of financial reforms both on competition and on banks' risk taking incentives. Drawing on the...
Provided by City University of London (Cass)
-
White Papers
The Fractional Merton Model: A New Approach To Credit Risk Pricing (Revised)
Oct 2008
Merton model is known to underestimate credit spreads. In this paper the authors develop the theoretical framework of the fractional Merton model, which allows to embed long memory properties of...
Provided by City University of London (Cass)
-
White Papers
The Fractional Merton Model: A New Approach To Credit Risk Pricing
Mar 2008
In this paper the authors develop the theoretical framework of the fractional Merton model, which allows to embed long memory properties of spreads in a straightforward manner in a credit risk...
Provided by City University of London (Cass)
-
White Papers
Evaluating Value-At-Risk Models With Desk-Level Data
Jul 2007
This paper presents new evidence on disaggregated profit and loss (P/L) and Value-at-Risk (VaR) forecasts obtained from a large international commercial bank. The dataset includes daily P/L...
Provided by City University of London (Cass)
-
Whitepapers
Can Derivatives Actually Reduce Financial Risk?
Sep 2009
Since the financial markets went haywire in 2008, corporate managers have been trying to understand better the effect of financial leverage on their enterprises and the overall economy. High...
Provided by University of North Carolina at Chapel Hill (Kenan-Flagler)
-
White Papers
Thriving In The Midst Of Financial Distress? An Analysis Of Firms Exposed To Asbestos Litigation
Jul 2008
Asbestos litigation is one of the most important mass tort litigations in the history of the United States. The paper analyze a comprehensive sample of 270 firms that were exposed to an...
Provided by Ohio State University (Fisher)
-
White Papers
Casino Gambling: Hold 'Em Or Fold 'Em?
Oct 2008
People who gamble at casinos know when to hold 'em - or quit while they're ahead - but have trouble deciding when to fold 'em when they're behind, says a University of Michigan researcher. A new...
Provided by University of Michigan (Ross)
-
White Papers
Private Equity Opportunity - ?Hard Assets? In Latin America
Jan 2010
In the year and a half since the start of the global financial crisis, many investors and professional capital managers came to the harsh realization that they had been operating without a valid...
Provided by Thunderbird School of Global Management
-
White Papers
Optimal Exercise Of Executive Stock Options And Implications For Firm Cost
Nov 2007
As options have become a major component of corporate compensation, the demand for better valuation has intensified. The difficulty is that option cost depends on the exercise policies of...
Provided by New York University (Stern)
-
White Papers
Global Airline Traffic Back To Pre-Recession Levels But Risks Remain
Jun 2010
IATA expects airlines to post global profits of $2.5 billion in 2010, a major improvement compared with IATA's previous forecast released in March of a $2.8 billion loss. Bisignani attributes this...
Provided by INSEAD
-
White Papers
Why Did They Stay?: Perspectives On Katrina Survivors' "Choice" To Stand Their Ground Or Evacuate
Apr 2010
Hurricane Katrina precipitated two different sets of experiences - those lived by the people who scrambled to evacuate and those endured by the survivors who stayed behind. Those who stayed behind...
Provided by Northwestern University (Kellogg)
-
White Papers
And The Poor Get Poorer: The Economics Of Higher Global Temperatures
Mar 2009
Climate change presents poor nations with an unfortunate paradox: Though they missed out on the riches of the fossil fuel era, they appear doomed to suffer the worst of its consequences. Many...
Provided by Northwestern University (Kellogg)
-
White Papers
Collateral, Risk Management, And The Distribution Of Debt Capacity
Apr 2010
Collateral constraints imply that financing and risk management are fundamentally linked. The opportunity cost of engaging in risk management and conserving debt capacity to hedge future financing...
Provided by Duke University (Fuqua-Global)
-
White Papers
Confidence Risk And Asset Prices
Jan 2010
In the data, asset prices exhibit large negative moves at frequencies of about 18 months. These large moves are puzzling as they do not coincide, nor are they followed by any significant moves in...
Provided by Duke University (Fuqua-Global)
-
White Papers
Discussion Of? Long-Run Risks And Risk Compensation In Equity Markets?
Sep 2007
Bansal and his co-authors have produced a series of important and provocative papers that demonstrate how low-frequency risk can provide a justification for observed risk premia. Bansal summarizes...
Provided by Duke University (Fuqua-Global)
-
White Papers
The Network Is The Risk
Jan 2010
The start of 2009 saw dramatic headlines in the Financial Times about the UK Economy. UK debt fears fuel plunge in sterling (20th January 2009), What started with the credit crunch has become a...
Provided by City University of London (Cass)
-
White Papers
Evidence-Based Management For Entrepreneurial Environments: Faster And Better Decisions With Less Risk
Mar 2010
Entrepreneurship is risky. Most new technologies and new businesses fail. Two things seem to be true. First, evidence-based management could improve entrepreneurial decision-making, reducing...
Provided by Stanford University
-
White Papers
Africa On The Move: Ignore Continent At Your Own Risk
Aug 2009
For decades African countries have been off the radar screen of many non-African corporations with global operations. Companies in the energy, mining, and other extractive sectors needing access...
Provided by Thunderbird School of Global Management
-
White Papers
A Context Dependent Model Of Decision Making Under Risk
May 2008
This paper presents a Context Dependent Valuation (CDV) model of decision making under risk where the valuation of a gamble depends not only on its own probability-outcome structure but also on...
Provided by INSEAD
-
White Papers
Consider Motives Before Taking Risks
Sep 2008
Some executives stuck in a rut take risks to turn around a bad situation or to fulfill unmet aspirations. Other executives bolstered by a history of success take risks to accomplish something...
Provided by Thunderbird School of Global Management
-
White Papers
Hard Times Can Inspire Wrong Type Of Risk Taking
Mar 2009
When faced with declining profits and bleak outlooks, one way for executives to respond is through increased risk taking. In fact, researchers have consistently found that executives who find...
Provided by Thunderbird School of Global Management
-
White Papers
Banks' Risk And Monetary Policy
May 2008
Financial innovation and the new ways to transfer credit risk tend to diminish the informational content of standard banks' balance-sheet indicators. The authors show that banks' risk condition as...
Provided by University of Wales
-
White Papers
An Econometric Analysis Of Fractional Models To Credit Risk Pricing
Feb 2008
The authors propose a fractional version of two well-known credit risk pricing structural models: the Merton and Black and Cox models. The authors assume that the value of the firm obeys to a...
Provided by City University of London (Cass)
-
White Papers
Building A New Science: The Elements Of Risk And Decision Analysis
Jul 2008
Risk is an issue in most activities, technical as well as economic, internal or external to any organization. It has been considered so far in the context of different disciplines. In engineering...
Provided by University of Texas (Dallas)
-
White Papers
Do Cultural Differences Between Contracting Parties Matter? Evidence From Syndicated Bank Loans
Jan 2010
The authors investigate whether cultural differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. The authors find...
Provided by INSEAD
-
White Papers
When Should I Quit? Gender Differences In Exiting Competitions
May 2010
The authors study the gender gap in a competitive environment by exploiting the "naturalistic experiment" of a TV game show with self-selected participants and no gender-specific constraints nor...
Provided by INSEAD
-
White Papers
Multivariate Concave And Convex Stochastic Dominance
Apr 2010
Stochastic dominance permits a partial ordering of alternatives (probability distributions on consequences) based only on partial information about a decision maker's utility function. Univariate...
Provided by INSEAD
-
White Papers
Strategic Loan Defaults And Coordination: An Experimental Analysis
Jun 2010
The authors used experimental methods to study whether the uncertainty about bank and about borrower fundamentals affect borrowers repayment behavior. They find that solvent borrowers are more...
Provided by Tilburg University
-
White Papers
Interdependency Of Science And Risk Finance In Catastrophe Insurance And Climate Change
Jan 2010
This paper describes the interdependencies of science and risk finance for catastrophe insurance. While the basic arguments here apply to all catastrophe risks, including seismic and terrorism...
Provided by INSEAD
-
White Papers
Climate Change And Insurance: Integrative Principles And Regulatory Risks
Aug 2009
In medicine, an iatrogenic risk is a risk that arises from the medical treatment itself, such as side effects of surgery or drugs. The same phenomenon arises in the process of regulatory and...
Provided by INSEAD
-
White Papers
Mixex: Mixtures Of Multiattribute Exponential Utilities
Nov 2008
An important challenge in multiattribute decision analysis is the choice of an appropriate functional form for the utility function. The authors show that if a decision maker prefers more of any...
Provided by INSEAD
-
White Papers
Reflections On Decision Making Under Uncertainty
Jan 2008
For the author, the essential distinction between risk and uncertainty was that risk was characterized by known probability distributions with observable outcomes, and such outcomes could...
Provided by INSEAD
-
White Papers
Financial Risk And Return Across The Grocery Supply Chain
Jan 2008
In this paper the authors study the performance of the grocery sector's supply chain on stock market in the USA, UK, and France over the last two decades. Using total shareholder return (TSR) as...
Provided by INSEAD
-
White Papers
The Liability Of Strangers: Performance Consequences Of Non-Local Partnering
Sep 2008
This paper examines the performance consequences of non-local partnering formation of new ties between organizations that have neither direct nor indirect connections. Although non-local ties...
Provided by INSEAD
-
White Papers
Forward Premium Puzzle And Term Structure Of Interest Rates: The Case Of New Zealand
Apr 2010
Using monthly data for the United States dollar - New Zealand dollar exchange rate, this paper revisits the forward premium puzzle and applies a discrete no-arbitrage affine model of the term...
Provided by Central Bank of Chile
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Whitepapers
That Dreaded Day: Active Directory Disasters
Jun 2011
Are you prepared for an Active Directory disaster? What about five of them? It can happen - and when it does, if you're not prepared with a solid recovery plan and the right tools the consequences...
Provided by Dell Software
-
White Papers
Systemic Sovereign Credit Risk: Lessons From The U.S. And Europe
Apr 2011
The authors study the nature of systemic sovereign credit risk using CDS spreads for the U.S. Treasury, individual U.S. states, and major European countries. Using a multifactor affine framework...
Provided by UC Regents
-
White Papers
Spectral Risk Measures: Properties And Limitations
Apr 2008
Spectral Risk Measures (SRMs) are risk measures that take account of user risk-aversion, but to date there has been little guidance on the choice of utility function underlying them. This paper...
Provided by Cornell University
-
White Papers
Scaling Conditional Tail Probability And Quantile Estimators
Mar 2009
A key issue for risk management in practice is to decide the relevant horizon associated with risk measurement. Many different horizons may be relevant from short (e.g. daily) to long (e.g....
Provided by University College Dublin
-
White Papers
Hedging: Scaling And The Investor Horizon
Aug 2009
This paper examines the volatility and covariance dynamics of cash and futures contracts that underlie the Optimal Hedge Ratio (OHR) across different hedging time horizons. The authors examine...
Provided by Dublin Institute of Technology
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White Papers
A Utility Based Approach To Energy Hedging
Nov 2010
A key issue in the estimation of energy hedges is the hedgers' attitude towards risk which is encapsulated in the form of the hedgers' utility function. However, the literature typically uses only...
Provided by Dublin Institute of Technology
-
White Papers
Utility Maximization, Risk Aversion, And Stochastic Dominance
Apr 2011
Consider an investor trading dynamically to maximize expected utility from terminal wealth. The aim is to study the dependence between her risk aversion and the distribution of the optimal...
Provided by Cornell University
-
White Papers
Default Clustering In Large Portfolios: Typical And Atypical Events
Apr 2011
The authors develop a dynamic point process model of correlated default timing in a portfolio of firms, and analyze typical and atypical default profiles in the limit as the size of the pool...
Provided by Cornell University
-
White Papers
Collateralized CDS And Default Dependence
Apr 2011
In this paper, the authors have studied the pricing of a continuously collateralized CDS. They have made use of the "Survival measure" to derive the pricing formula in a straightforward way. As a...
Provided by Cornell University
-
White Papers
A Sharp Analysis On The Asymptotic Behavior Of The Durbin-watson Statistic For The First-order Autoregressive Process
Apr 2011
The purpose of this paper is to provide a sharp analysis on the asymptotic behavior of the Durbin-Watson statistic. The authors focus the attention on the first-order autoregressive process where...
Provided by Cornell University
-
White Papers
Credit Contagion And Risk Management With Multiple Non-ordered Defaults
Jun 2011
The classical reduced-form and filtration expansion framework in credit risk is extended to the case of multiple, non-ordered defaults, assuming that conditional densities of the default times...
Provided by Cornell University
-
White Papers
Density Approximations For Multivariate Affine Jump-diffusion Processes
Apr 2011
The authors introduce closed-form transition density expansions for multivariate affine jump-diffusion processes. The expansions rely on a general approximation theory which they develop in...
Provided by Cornell University
-
White Papers
Dynamic Portfolio Optimization With A Defaultable Security And Regime Switching
Apr 2011
The authors consider a portfolio optimization problem in a defaultable market with finitely-many economical regimes, where the investor can dynamically allocate her wealth among a defaultable...
Provided by Cornell University
-
Webcasts
Clean Energy Legislation
Apr 2010
Legislation to address climate change and clean energy has become tangled in political wrangling on Capitol Hill, at the same time that a massive oil spill threatens the fisheries, wildlife and...
Provided by Brookings Institution
-
Webcasts
Guiding The Economy Away From Risk
Nov 2010
As regulators continue to implement new financial oversight mandated by Congress in the wake of the financial crisis, the presenter says the new law has seen some success, and the reforms are...
Provided by Brookings Institution
-
White Papers
Long Run Risks In The Term Structure Of Interest Rates: Estimation
Oct 2010
Using Bayesian methods, this paper estimates a model in which persistent fluctuations in expected consumption growth, expected inflation, and their time-varying volatility determine asset price...
Provided by Federal Reserve Bank of Kansas City
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White Papers
Agro-biodiversity As Natural Insurance And The Development Of Financial Insurance Markets
Sep 2007
Agro-biodiversity can provide natural insurance to risk averse farmers. The authors employ a conceptual ecological-economic model to analyze the choice of agrobiodiversity by risk averse farmers...
Provided by Leuphana Universität Lüneburg
-
White Papers
On Entrepreneurial Risk-taking And The Macroeconomic Effects Of Financial Constraints
Oct 2008
This paper deals with credit market imperfections and idiosyncratic risks in a two - sector heterogeneous agent dynamic general equilibrium model of occupational choice. The authors focus...
Provided by Leuphana Universität Lüneburg
-
White Papers
The Economic Insurance Value Of Ecosystem Resilience
Jul 2009
Ecosystem resilience, i.e. an ecosystem's ability to maintain its basic functions and controls under disturbances, is often interpreted as insurance: by decreasing the probability of future drops...
Provided by Leuphana Universität Lüneburg
-
White Papers
The Link Between Career Risk Aversion And Unemployment Duration: Evidence Of Nonlinear And Time-depending Pattern
Oct 2010
In this study, the authors investigate the nexus between career risk aversion and unemployment duration based on German Survey data (GSOEP). Using a direct measurement of career risk aversion,...
Provided by Leuphana Universität Lüneburg
-
White Papers
Bush Encroachment Control And Risk Management In Semi-arid Rangelands
Dec 2010
The authors study the role of bush encroachment control for a farmer's income and income risk in a stochastic ecological-economic model of grazing management in semiarid rangelands. In particular,...
Provided by Leuphana Universität Lüneburg
-
White Papers
Scaling Portfolio Volatility And Calculating Risk Contributions In The Presence Of Serial Cross-Correlations
May 2011
In practice daily volatility of portfolio returns is transformed to longer holding periods by multiplying by the square-root of time which assumes that returns are not serially correlated. Under...
Provided by Cornell University
-
White Papers
Liquidity-Adjusted Market Risk Measures With Stochastic Holding Period
Oct 2010
Within the context of risk integration, the authors introduce in risk measurement Stochastic Holding Period (SHP) models. This is done in order to obtain a 'Liquidity-adjusted risk measure'...
Provided by Banco Popolare
-
White Papers
On The Savety Loading For Chain Ladder Estimates: A Monte Carlo Simulation Study
Sep 2010
A method for analysing the risk of taking a too low reserve level by use of Chain Ladder method is developed. The authors give an answer to the question of how much safety loading in terms of the...
Provided by Cornell University
-
White Papers
An Efficient, Distributable, Risk Neutral Framework For CVA Calculation
Sep 2010
The importance of counterparty credit risk to the derivative contracts was demonstrated consistently throughout the financial crisis of 2008. Accurate valuation of Credit Value Adjustment (CVA) is...
Provided by Cornell University
-
White Papers
A Time Before Which Insiders Would Not Undertake Risk
Dec 2010
A continuous-path semimartingale market model with wealth processes discounted by a riskless asset is considered. The numeraire portfolio is the unique strictly positive wealth process that, when...
Provided by Cornell University
-
White Papers
Impact Of Insurance For Operational Risk: Is It Worthwhile To Insure Or Be Insured For Severe Losses?
Nov 2010
Under the Basel II standards, the Operational Risk (OpRisk) advanced measurement approach allows a provision for reduction of capital as a result of insurance mitigation of up to 20%. This paper...
Provided by CSIRO Australia
-
Resource Center
Security-as-a-Service ROI Calculator
Jun 2011
Security can be your most important investment. Protecting your company's assets from online threats is a necessity that cannot be overlooked. Still, many businesses would like to spend less on...
Provided by Insight
-
White Papers
Security-as-a-Service: Doing More With Less
Apr 2010
Can you put a price on security? Businesses have taken for granted the fact that they have to invest in security solutions. Traditionally the costs have been in the purchase of software and the...
Provided by Insight
-
White Papers
Relative Factor Endowments And International Portfolio Choice
Jul 2008
This paper presents a model of international portfolio choice based on cross-country differences in relative factor abundance. Countries have varying degrees of similarity in their factor...
Provided by Centre for Economic Performance
-
White Papers
The Impact Of Trade On Aggregate Productivity And Welfare With Heterogeneous Firms And Business Cycle Uncertainty
Jul 2008
This paper presents a model with monopolistic competition, productively heterogeneous firms, and business cycle aggregate shocks. With firm-specific productive heterogeneity, weaker firms quit...
Provided by Centre for Economic Performance
-
White Papers
Does Family Control Affect Trade Performance? Evidence For Italian Firms
Nov 2008
This paper examines whether the export decision of firms is affected by their ownership structure, specifically it looks at whether family control is an obstacle to entering foreign markets. The...
Provided by Centre for Economic Performance
-
White Papers
Risk Taking And Performance In Multistage Tournaments: Evidence From Weightlifting Competitions
May 2009
The authors analyze the impact of interim ranking on the risk taking and performance behaviour of professional athletes participating in international weightlifting competitions. Weightlifting...
Provided by Centre for Economic Performance
-
White Papers
US Real Interest Rates And Default Risk In Emerging Economies
Oct 2009
The authors empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. They find that policy-induced exogenous increases in US rates raise...
Provided by Centre for Economic Performance
-
White Papers
Assessing Risk Discourses: Nano S&T In The Global South
Feb 2011
Nano Science and Technology (Nano S&T) has potential to change our lives for the better, but at the same time, it causes also a significant amount of concern in terms of related health,...
Provided by United Nations University
-
White Papers
Entering New Markets-A Challenge In Times Of Crisis
Oct 2010
After September 2008, the advanced economies severe decline caused demand for emerging economies' exports to drop and the crisis became truly global, much deeper and broader than expected. In...
Provided by Cornell University
-
White Papers
Hedging Pure Endowments With Mortality Derivatives
Nov 2010
In recent years, a market for mortality derivatives began developing as a way to handle systematic mortality risk, which is inherent in life insurance and annuity contracts. Systematic mortality...
Provided by Cornell University
-
White Papers
Ruin Probability In The Presence Of Risky Investments
Nov 2010
It is well known that the analysis of activity of an insurance company in conditions of uncertainty is of great importance. Starting from the classical papers of Cramer and Lundberg which first...
Provided by Cornell University
-
White Papers
LGD Credit Risk Model: Estimation Of Capital With Parameter Uncertainty Using MCMC
Nov 2010
This paper investigates the impact of parameter uncertainty on capital estimate in the well-known extended Loss Given Default (LGD) model with systematic dependence between default and recovery....
Provided by CSIRO Australia
-
Whitepapers
Can Derivatives Actually Reduce Financial Risk?
Sep 2009
Since the financial markets went haywire in 2008, corporate managers have been trying to understand better the effect of financial leverage on their enterprises and the overall economy. High...
Provided by University of North Carolina at Chapel Hill (Kenan-Flagler)
-
White Papers
Thriving In The Midst Of Financial Distress? An Analysis Of Firms Exposed To Asbestos Litigation
Jul 2008
Asbestos litigation is one of the most important mass tort litigations in the history of the United States. The paper analyze a comprehensive sample of 270 firms that were exposed to an...
Provided by Ohio State University (Fisher)
-
White Papers
Casino Gambling: Hold 'Em Or Fold 'Em?
Oct 2008
People who gamble at casinos know when to hold 'em - or quit while they're ahead - but have trouble deciding when to fold 'em when they're behind, says a University of Michigan researcher. A new...
Provided by University of Michigan (Ross)
-
White Papers
Private Equity Opportunity - ?Hard Assets? In Latin America
Jan 2010
In the year and a half since the start of the global financial crisis, many investors and professional capital managers came to the harsh realization that they had been operating without a valid...
Provided by Thunderbird School of Global Management
-
White Papers
Optimal Exercise Of Executive Stock Options And Implications For Firm Cost
Nov 2007
As options have become a major component of corporate compensation, the demand for better valuation has intensified. The difficulty is that option cost depends on the exercise policies of...
Provided by New York University (Stern)
-
White Papers
Global Airline Traffic Back To Pre-Recession Levels But Risks Remain
Jun 2010
IATA expects airlines to post global profits of $2.5 billion in 2010, a major improvement compared with IATA's previous forecast released in March of a $2.8 billion loss. Bisignani attributes this...
Provided by INSEAD
-
White Papers
Why Did They Stay?: Perspectives On Katrina Survivors' "Choice" To Stand Their Ground Or Evacuate
Apr 2010
Hurricane Katrina precipitated two different sets of experiences - those lived by the people who scrambled to evacuate and those endured by the survivors who stayed behind. Those who stayed behind...
Provided by Northwestern University (Kellogg)
-
White Papers
And The Poor Get Poorer: The Economics Of Higher Global Temperatures
Mar 2009
Climate change presents poor nations with an unfortunate paradox: Though they missed out on the riches of the fossil fuel era, they appear doomed to suffer the worst of its consequences. Many...
Provided by Northwestern University (Kellogg)
-
White Papers
Collateral, Risk Management, And The Distribution Of Debt Capacity
Apr 2010
Collateral constraints imply that financing and risk management are fundamentally linked. The opportunity cost of engaging in risk management and conserving debt capacity to hedge future financing...
Provided by Duke University (Fuqua-Global)
-
White Papers
Confidence Risk And Asset Prices
Jan 2010
In the data, asset prices exhibit large negative moves at frequencies of about 18 months. These large moves are puzzling as they do not coincide, nor are they followed by any significant moves in...
Provided by Duke University (Fuqua-Global)
-
White Papers
Discussion Of? Long-Run Risks And Risk Compensation In Equity Markets?
Sep 2007
Bansal and his co-authors have produced a series of important and provocative papers that demonstrate how low-frequency risk can provide a justification for observed risk premia. Bansal summarizes...
Provided by Duke University (Fuqua-Global)
-
White Papers
The Network Is The Risk
Jan 2010
The start of 2009 saw dramatic headlines in the Financial Times about the UK Economy. UK debt fears fuel plunge in sterling (20th January 2009), What started with the credit crunch has become a...
Provided by City University of London (Cass)
-
White Papers
Evidence-Based Management For Entrepreneurial Environments: Faster And Better Decisions With Less Risk
Mar 2010
Entrepreneurship is risky. Most new technologies and new businesses fail. Two things seem to be true. First, evidence-based management could improve entrepreneurial decision-making, reducing...
Provided by Stanford University
-
White Papers
Africa On The Move: Ignore Continent At Your Own Risk
Aug 2009
For decades African countries have been off the radar screen of many non-African corporations with global operations. Companies in the energy, mining, and other extractive sectors needing access...
Provided by Thunderbird School of Global Management
-
White Papers
A Context Dependent Model Of Decision Making Under Risk
May 2008
This paper presents a Context Dependent Valuation (CDV) model of decision making under risk where the valuation of a gamble depends not only on its own probability-outcome structure but also on...
Provided by INSEAD
-
White Papers
Consider Motives Before Taking Risks
Sep 2008
Some executives stuck in a rut take risks to turn around a bad situation or to fulfill unmet aspirations. Other executives bolstered by a history of success take risks to accomplish something...
Provided by Thunderbird School of Global Management
-
White Papers
Hard Times Can Inspire Wrong Type Of Risk Taking
Mar 2009
When faced with declining profits and bleak outlooks, one way for executives to respond is through increased risk taking. In fact, researchers have consistently found that executives who find...
Provided by Thunderbird School of Global Management
-
White Papers
Banks' Risk And Monetary Policy
May 2008
Financial innovation and the new ways to transfer credit risk tend to diminish the informational content of standard banks' balance-sheet indicators. The authors show that banks' risk condition as...
Provided by University of Wales
-
White Papers
An Econometric Analysis Of Fractional Models To Credit Risk Pricing
Feb 2008
The authors propose a fractional version of two well-known credit risk pricing structural models: the Merton and Black and Cox models. The authors assume that the value of the firm obeys to a...
Provided by City University of London (Cass)
-
White Papers
Building A New Science: The Elements Of Risk And Decision Analysis
Jul 2008
Risk is an issue in most activities, technical as well as economic, internal or external to any organization. It has been considered so far in the context of different disciplines. In engineering...
Provided by University of Texas (Dallas)
-
White Papers
Do Cultural Differences Between Contracting Parties Matter? Evidence From Syndicated Bank Loans
Jan 2010
The authors investigate whether cultural differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. The authors find...
Provided by INSEAD
-
White Papers
When Should I Quit? Gender Differences In Exiting Competitions
May 2010
The authors study the gender gap in a competitive environment by exploiting the "naturalistic experiment" of a TV game show with self-selected participants and no gender-specific constraints nor...
Provided by INSEAD
-
White Papers
Multivariate Concave And Convex Stochastic Dominance
Apr 2010
Stochastic dominance permits a partial ordering of alternatives (probability distributions on consequences) based only on partial information about a decision maker's utility function. Univariate...
Provided by INSEAD
-
White Papers
Strategic Loan Defaults And Coordination: An Experimental Analysis
Jun 2010
The authors used experimental methods to study whether the uncertainty about bank and about borrower fundamentals affect borrowers repayment behavior. They find that solvent borrowers are more...
Provided by Tilburg University
-
White Papers
Interdependency Of Science And Risk Finance In Catastrophe Insurance And Climate Change
Jan 2010
This paper describes the interdependencies of science and risk finance for catastrophe insurance. While the basic arguments here apply to all catastrophe risks, including seismic and terrorism...
Provided by INSEAD
-
White Papers
Climate Change And Insurance: Integrative Principles And Regulatory Risks
Aug 2009
In medicine, an iatrogenic risk is a risk that arises from the medical treatment itself, such as side effects of surgery or drugs. The same phenomenon arises in the process of regulatory and...
Provided by INSEAD
-
White Papers
Mixex: Mixtures Of Multiattribute Exponential Utilities
Nov 2008
An important challenge in multiattribute decision analysis is the choice of an appropriate functional form for the utility function. The authors show that if a decision maker prefers more of any...
Provided by INSEAD
-
White Papers
Reflections On Decision Making Under Uncertainty
Jan 2008
For the author, the essential distinction between risk and uncertainty was that risk was characterized by known probability distributions with observable outcomes, and such outcomes could...
Provided by INSEAD
-
White Papers
Financial Risk And Return Across The Grocery Supply Chain
Jan 2008
In this paper the authors study the performance of the grocery sector's supply chain on stock market in the USA, UK, and France over the last two decades. Using total shareholder return (TSR) as...
Provided by INSEAD
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White Papers
The Liability Of Strangers: Performance Consequences Of Non-Local Partnering
Sep 2008
This paper examines the performance consequences of non-local partnering formation of new ties between organizations that have neither direct nor indirect connections. Although non-local ties...
Provided by INSEAD
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White Papers
Housing Risk And Return: Evidence From A Housing Asset-pricing Model
Nov 2009
This paper investigates the risk-return relationship in determination of housing asset pricing. In so doing, the paper evaluates behavioral hypotheses advanced by Case and Shiller (1988, 2002,...
Provided by University of California, Los Angeles (Anderson)
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White Papers
Counterparty Credit Risk And The Credit Default Swap Market
Jul 2009
Counterparty credit risk has become one of the highest-profile risks facing participants in the financial markets. Despite this, relatively little is known about how counterparty credit risk is...
Provided by University of California, Los Angeles (Anderson)
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White Papers
Government's Role As Credit Insurer Of Last Resort And How It Can Be Fulfilled
Oct 2008
What caused the credit crisis? What will end the credit crisis? What will restore credit markets to normal functioning? This paper answers these three questions. There is of course no single cause...
Provided by City University of London (Cass)
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White Papers
The Power Of Flexibility For Mitigating Supply Chain Risks
Jul 2008
Lee (2004) articulated that alignment, adaptability, and agility are the basic ingredients for managing supply chain risks. While it is clear that flexibility (agility) enhances supply chain...
Provided by University of California, Los Angeles (Anderson)
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Webcasts
Integrating Risk Management With Business Strategy
Mar 2010
This webcast focuses on integrating risk management framework within the business decision making process. Key business decisions impact both the strategy definition and the execution. Without...
Provided by SAS Institute
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Webcasts
Why Just Count Crime When You Can Prevent It?
Jul 2009
Doing more with less - Why just count crime when you can anticipate, prevent and respond more effectively? Operationally relevant and actionable analysis allows command staff and police managers...
Provided by SAS Institute
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White Papers
10 Things You Don't Know About Managing Your Business Operations Risks
Apr 2008
Operational risks are those that impact the continuity of your core business functions. Whether the precipitating event is severe weather, a dock strike, an act of internal sabotage, a pandemic...
Provided by American Management Association
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Downloads
BRMS Buyer's eKit
Aug 2010
Selecting the right software is the first step in obtaining fast ROI from a business rule management system (BRMS). These tools will help you make the right decision.
Provided by IBM
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White Papers
How To Avoid A Tainted Product Disaster
Jul 2007
Do one know what's really going on in the factories of the overseas manufacturing partners and suppliers? If one can't answer that question with a confident yes, the brand could be at risk. So...
Provided by American Management Association
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White Papers
Defense 101: How To Avoid Getting Blindsided By Corporate Fraud
Mar 2010
The last thing a small business needs now is fraud. Moderately-sized companies are already struggling enough in the fragile economy. Getting ripped off can be a crippling blow. True, the time and...
Provided by American Express
