Showing 1 - 10 of 347
The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...
Persistent link: https://www.econbiz.de/10009765347
In recent years new methods and models have been developed to quantify credit risk on a portfolio basis. CreditMetrics (tm), CreditRisk+, CreditPortfolio (tm) are among the best known and many others are similar to them. At first glance they are quite different in their approaches and...
Persistent link: https://www.econbiz.de/10009767689
The study utilises the International Labor Organization's SMEs COVID-19 pandemic business risks scale to determine whether Artificial Intelligence (AI) applications are associated with reduced business risks for SMEs. A new 10-item scale was developed to capture the use of AI applications in...
Persistent link: https://www.econbiz.de/10012822083
This article reviews the literature on the economic impacts of disasters caused by extreme weather and climate events to draw lessons on how societies can better manage these risks. While evidence that richer, better governed societies suffer less and recover faster from climate extremes...
Persistent link: https://www.econbiz.de/10014454717
We study gender differences in decision-making strategy when applying for college using applications data for all college applicants in Ireland over the 2015-17 period. Detailed information on high school subjects and grades enable us to examine how the college choices of equally achieving...
Persistent link: https://www.econbiz.de/10012389776
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...
Persistent link: https://www.econbiz.de/10009235089
This paper employs regression discontinuity methods to identify the effect of formality on Brazilian micro-firm performance. The SIMPLES program introduced in November 1996 consolidated multiple taxes and social security contributions into a single payment and reduced taxes for eligible small...
Persistent link: https://www.econbiz.de/10003908658
In traditional portfolio theory, risk management is limited to the choice of the relative weights of the riskless asset and a diversified basket of risky securities, respectively. Yet in industry, risk management represents a central aspect of asset management, with distinct responsibilities and...
Persistent link: https://www.econbiz.de/10011546919
This study examines gender differences in risk-taking behavior among managers in a female-dominated industry. Using data from international top-level women's soccer, we provide evidence that male coaches show a lower level of risk-taking than female coaches on average. We also find a U-shaped...
Persistent link: https://www.econbiz.de/10012130097
We analyze the effect of the coach's gender on risk-taking in women sports teams using data taken from National Collegiate Athletic Association (NCAA) basketball games. We find that the coach's gender has a sizable and significant effect on risk-taking, a finding that is robust to several...
Persistent link: https://www.econbiz.de/10011978663