from diversifying their portfolio after experiencing a loan default. This default shock significantly worsens the risk … become available on the platform. Deeper markets also result in a deterioration of investors' risk-return profiles. Third …

. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon … price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

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 …

boom yields consistently positive excess returns. This excess return compensates for the risk of high negative returns in … countries on risk aversion, and low (high) risk aversion currencies depreciate (appreciate) in times of global turmoil. …

funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different …

between funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by …