variants of value at risk models that estimate frequency, severity, and loss distributions. This paper examines the empirical … regularities in operational loss data. Using loss data from six large internationally active banking institutions, we find that … loss data by event types are quite similar across institutions. Furthermore, our results are consistent with economic …

This paper investigates the extent to which loss-offset constraints affect corporate tax incentives. Using data … sector had tax loss carryforwards. When weighted by their market value, however, these firms account for less than three … percent of this sector, suggesting that loss carryforwards are concentrated among small firms and affect relatively few large …