Purpose – The purpose of this paper is to outline a new approach to risk management that will create an innovative marketplace mechanism to deal with risk. Design/methodology/approach – The paper discusses current risk management practice and proposes a novel new approach to risk management...

Purpose – The purpose of this paper is to examine the risks caused by “hazardously immoral” contracts which force external parties to bear significant losses without their consent. Design/methodology/approach – The expectation of substantial future losses raises the question of how...

Purpose – The purpose of this paper is to outline a new approach to risk management that will create an innovative marketplace mechanism to deal with risk. Design/methodology/approach – The paper discusses current risk management practice and proposes a novel new approach to risk management...

Purpose – The purpose of this paper is to empirically examine the extent at which idiosyncratic and financial market uncertainty affect the UK private manufacturing firms' investment decisions. Design/methodology/approach – A firm-level panel data covering the period from 1999 to 2008 drawn...

Purpose – The paper aims to examine the practical importance of the finding of Mayers and Smith, that underinvestment is a problem when debt exposed to bankruptcy is part of the financial structure. Design/methodology/approach – The paper examines critically the assumptions underlying the...

Purpose – The purpose of this paper is to examine the asymmetric dynamic rotation of beta coefficients to global investment style factor shocks in the Morgan Stanley Capital International (MSCI) universe of assets and its implications for investment management. Design/methodology/approach –...

Purpose – The aim of this paper is to examine the accuracy of GARCH and provide a comparison of GARCH-type and the other time series models in financial commodity markets. Design/methodology/approach – First, a model fitting is performed to choose suitable models with conditional volatility...

Purpose – The paper aims to examine the practical importance of the finding of Mayers and Smith, that underinvestment is a problem when debt exposed to bankruptcy is part of the financial structure. Design/methodology/approach – The paper examines critically the assumptions underlying the...