The paper focuses on the interaction between the solvency probability of a banking firm and the diversification potential of its asset portfolio when determining optimal equity capital. The purpose of this paper is to incorporate value at risk (VaR) into the firm-theoretical model of a banking...

Due to political and economic integration, firms face increasing opportunities for locating their activities in countries, regions and cities that provide the best business environment for their specific needs. In our study, we focus on the impact of economic risk and risk preferences upon...

In this paper, we study how a competitive banking firm can use a variable deposit rate to insure against profit risk from risky assets and how the utility of the bank manager is affected by this kind of risk management policy. Furthermore, we study the advantage of a risk management policy which...

Einführung -- Risiko und Bank -- Risikoteilung und -transfer -- Value at Risk -- Hedging-Effektivität -- Futures und Lagerhaltung -- Risiko und Controlling -- Controlling und Risikoaversion -- Risikopolitik mit Optionen -- Dynamisches Hedging -- Konjunktur und Risikomärkte -- Währungsauswahl...