international portfolio investments, such as relative market liquidity and relative risk characteristics of assets, are also …

finds that common shocks--key crisis events as well as changes to global liquidity and risk--have exerted a large effect on … risk and the strength of domestic macroeconomic fundamentals. Comparing and quantifying these effects shows that common …

Recent empirical work suggests a strong connection between the incentives money managers are offered and their risk … riskiness of the portfolio. This represents a departure from the existing literature on agency theory in that moral hazard is … not only effort exertion but also risk taking behavior. The moral hazard problem with risk taking involves an incentive …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …

We economically motivate and then test a range of hypotheses regarding performance and risk differences between UCITS … exhibit higher levels of operational risk. We find evidence of a strong liquidity premium: hedge funds offer investors less … liquidity than do ARUs yet exhibit better risk-adjusted performance. Our findings are substantially unchanged under various …

We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial …

withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …