and risks. This has been amplified by the lack of a sound operational risk estimate due to the scarcity of the relevant … Dragon Kings regime for the largest events. With respect to risk assessment, our main finding is that risk is dominated by …

are a function of risk-free rates and a bank-specific risk premium. Cost of equity estimates declined steadily across all … countries from 1990 to 2005 but then rose from 2006 onwards. The fall in the cost of equity reflects (i) the decrease in risk …-free rates over this period, and (ii) a decline in the sensitivity of bank stock returns to market risk (the CAPM beta) in all …

structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002 … interest rates are low and the risk of disruptions in the global financial system are negligible. We also document that capital …

’s purpose is to develop a rapid methodology to assess the risk of information and knowledge loss management. It provides the … implementation of eight steps and combines a risk mapping method modified by assessments based on risk factors and incidents as … incidents. As a result, a risk map of 9 groups was built for a Ukrainian enterprise. Only two groups with the minimum number of …

in risk premia; or the irrational exuberance of investors, bidding prices up and down even in the absence of changes in … such changes in uncertainty would generate through sentiments or risk premia. I then apply this framework to the S&P 500 …, the negative correlation between movements in uncertainty and in implied risk premia) is not compatible with rational …

priced risk factor and differentiation between specific and common uncertainty important. Our results are robust across …

results. To shed a light on these questions, we analyse a sample of 69 transition risk metrics delivered by 9 different … climate transition risk providers and covering the 1,500 firms of the MSCI World index. Our findings show that convergence … between metrics is significantly higher for the firms most exposed to transition risk. We also show that metrics with similar …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices … expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …