Showing 51 - 60 of 84
Purpose – Corporate risk management is one of the critical concerns of managers when they make investment allocation decisions among multiple projects. The purpose of this paper is to address corporate investment issues illustrated by target-beating in capital budgeting, and further discuss...
Persistent link: https://www.econbiz.de/10005081139
Purpose – This paper aims to examine the state of risk management practices among Malaysian listed firms and evaluates the value-relevance of the notional amount of foreign-exchange and interest-rate derivatives (FCDs) used by listed firms over the period 2003-2007. Design/methodology/approach...
Persistent link: https://www.econbiz.de/10005050991
Purpose – This paper attempts to summarize the information contained in bank financial statements on the risk management capabilities of banks and then ascertains the sensitivity of bank stocks to risk management. Design/methodology/approach – The theoretical framework is derived from a...
Persistent link: https://www.econbiz.de/10005050993
Purpose – Risk aversion is an important characteristic associated with family firms. Despite growing literature in recent years, a consistent picture of what we know about the risk aversion of family firms has not evolved. Thus, this paper presents a systematic overview of whether family firms...
Persistent link: https://www.econbiz.de/10010610636
Purpose – Estimation of default and asset correlation is crucial for banks to manage and measure portfolio credit risk. The purpose of this paper is to find empirical relationship between the default and asset correlation with default probability, to understand the effect of systematic risk....
Persistent link: https://www.econbiz.de/10010610638
Purpose – The purpose of this paper is to examine the valuation effect of derivatives use in the French market using a sample of 250 non-financial firms over the period 2000-2002. Design/methodology/approach – The approach taken is application of linear regression framework and panel data...
Persistent link: https://www.econbiz.de/10010610639
Purpose – The purpose of this paper is to present an overview of weather derivatives markets and to highlight the importance of the contributing factors for weather risk management such as weather sensitivity, weather forecast, and economic growth. In this paper, the prospective of using...
Persistent link: https://www.econbiz.de/10010610640
Purpose – The purpose of this paper is to explore the roles of diversification, hedging, and a third risk-reduction process – “pacification” – in risk finance. Design/methodology/approach – After briefly reviewing the concepts of diversification and hedging, a simple mathematical...
Persistent link: https://www.econbiz.de/10010610648
Purpose – The purpose of this paper is to examine the current status of risk management in Indian companies and explore the reasons for the adoption or lack of adoption of integrated approach to risk management. It identifies the imperatives for implementation of comprehensive risk management...
Persistent link: https://www.econbiz.de/10010610650
Purpose – The purpose of this paper is to examine the uncertainty of acquiring the lowest possible airfare when contemplating the purchase of a ticket. A real option model is applied to value insurance contracts that could be offered to passengers to cope with price risk. Furthermore, the...
Persistent link: https://www.econbiz.de/10010610655