Longevity risk has become a major challenge for governments, individuals, andannuity providers in most countries, and especially its aggregate form, i.e. therisk of unsystematic changes to general mortality patterns, bears a large potentialfor accumulative losses for insurers. As obvious risk...

This paper analyses the role of banks in financing SMEs in Britain and Germany.

Within an internal model the Economic Scenario Generator (ESG) is an important component. In orderto get a regulatory approval of an internal model it is required that the implemented models (must be) passeda rigorous validation process, see Ceiops [2009].In this paper we focus on the particular...

In this contribution, we present a model that retailers engaged in e-commerce (e-tailers)can use for determining the optimal mix of customer segments within a customer portfolio froman integrated risk and return perspective....

Risk management has evolved as one of the key success factors for enterprises especially in the financial services industry. Itis highly demanding in terms of business requirements and technical resources, making it an almost ideal application fordistributed computing concepts like e.g. grid...

Risk/return management has not only evolved as one of the key success factors for enterprisesespecially in the financial services industry, but is in the times of the financial crisis crucial for thesurvival of a company. It demands powerful and at the same time flexible computational...

The influence of risk aversion on the decision to become self-employed is a much discussedtopic in the entrepreneurial literature. Conventional wisdom asserts that the role model of anentrepreneur requires to make risky decisions in uncertain environments and hence thatmore risk-averse...

Entrepreneurs are often faced with problemsregarding start-up financing. But compared to noviceentrepreneurs, experienced entrepreneurs shouldhave both more knowledge and better contacts, whichshould potentially reduce the occurrence of problemsand affect finance composition. However, experience...

The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countries, average leverages were much higher among firms in the worst affected countries while the...

The paper investigates the impact of ownership concentration on GDP growth, for a sample of 18 OECD countries over the period 1980 to 2004. The econometric analysis shows that more concentrated ownership can speed up growth, for countries approaching the technological frontier, provided that...