was analyzed under three risk metrics - mean-variance risk of classic portfolio theory; value at risk used in regulation … such as the Basel Accords; and tail value at risk which is preferred by academics. Results: Five main findings of the … Buyer Protection Plan viable demands more realistic distributions, (3) value at risk measures provide more information about …

This research aimed to analyze the effect of perceived technology, perceived risk, and institution-based trust on … of perceived risk on online trust was not evident (t-value = 1.73). The service usage was determined by the perceived … online trust and service usage of online bike-sharing services in Indonesia. As many as 200 respondents were chosen through …

Cross hedging price risk in an incomplete financial market creates basis risk. We propose a new way of modeling basis … risk where price risk and basis risk are combined in a multiplicative way. Under this specification, positive prudence is a … risk with crude oil futures, we show that the new specification is superior in describing the price series and that optimal …

normality, skewness has a material impact when the agent is significantly risk averse. Pure hedging demand is either greater or … pure hedging and minimum-variance demand increases with basis risk, i.e. the imperfect correlation between cash and futures … returns. When the agent is moderately but not infinitely risk averse, there is room for speculative positions, and the optimal …