We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices …

We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …

. The pandemic risk cannot be mutualized since it affects simultaneously a large number of businesses, and furthermore, it … risk coverage mechanisms based on a portfolio of financial securities, including long-short positions and options in stock … conclusions are derived from a theoretical model of corporate risk management, and they are illustrated by numerical simulations …

. The pandemic risk cannot be mutualized since it affects simultaneously a large number of businesses, and furthermore, it … risk coverage mechanisms based on a portfolio of financial securities, including long-short positions and options in stock … conclusions are derived from a theoretical model of corporate risk management, and they are illustrated by numerical simulations …

making and risk management. Over the past three decades there has been a trend towards increased asset return correlations … models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t …

endogenous aggregate risk. This risk induces an endogenous regime-switching process for output, the risk-free rate, excess …