This paper introduces a new model for portfolio credit risk incorporating default and spread widening in a simple and …. This model is applicable to portfolio credit risk management, stress test, or to fit into regulatory capital requirements …

financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …

In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on …. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …

FMIs, and focuses on the dichotomy between the ‘systemic risk’ and ‘transaction costs’ approaches to financial markets and …

that firms restrict rights trading to avoid the execution risk associated with strict prospectus requirements, a prolonged … participation or that are more likely to face execution risk. …

coalition of investors (block-booking). Block-booking banks set offer prices to equalize downside risk across their offerings … distribution on non-tech IPOs during non-boom years, equalizing downside risk implies that the average initial return on tech …/boom IPOs equals 48% (actual value: 46%). The block-booking theory accounts for both the direction and magnitude of differences …

socio-economic factors likely to enhance or reduce zoonotic risk, and identifies why improved understanding requires an … recommend that interdisciplinary work on zoonotic risk should be able to account for the complexity of risk environments, rather … than simple linear causal relations between risk drivers and disease emergence and/or spread. Further, we recommend that …