The issues related to management control and risk management are related not only to the safe operation of a given … general principles of the organization of the management control and risk management system and to check the knowledge of its …' employees. The research results show that the understanding of the essence and principles of management control system and risk …

corporate risk tolerance to elucidate the importance of corporate governance mechanisms. The applied methodology is System … that higher (lower) corporate risk-taking is related to higher (lower) corporate tax avoidance if the size of the board of … the argument that the influence of corporate risk-taking on tax avoidance behavior is governed by governance structure …

area of environmental, social, and corporate governance (ESG) within portfolio decisions. It considers a risk- and … ambiguity-averse investor allocating resources to a risk-free asset, a market index, a green stock, and a brown stock. The study … employs a robust control approach rooted in relative entropy to account for model misspecification and derive closed …

Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … it. One of them is the existence of systemic risk that affects all of the policies at the same time. We introduce here a … probabilistic approach to examine the consequences of its presence on the risk loading of the premium of a portfolio of insurance …

purpose of the present work is to assess the impact of risk events and unstable conditions on the level of quality of supply … occurrence of a man-made risk event and the shutdown of production of one of the suppliers on the financial, customer, and … retailer, which is 3% of the expected revenue. We believe that risk management in supply chains is becoming increasingly …

adaptation to the digitalization of different growth poles, and develop the applied recommendations to improve the practice of … adaptation to the risks of digitalization of these growth poles. Design/methodology/approach. The authors use the methods of … commonness of strategies of adaptation to the risks of digitalization for different poles of the world economy is substantiated …

In this paper, the generalized Pareto distribution (GPD) copula approach is utilized to solve the conditional value-at-risk …-parametric kernel-smoothed interior and the parametric Pareto upper tail and (iii) Value-at-Risk (VaR) to quantify risk measure. The … minimizing CVaR measure and simulated copula returns combined outperforms the risk/return of domestic portfolios, such as the US …

An accurate assessment of the risk of extreme environmental events is of great importance for populations, authorities … and the banking/insurance/reinsurance industry. Koch (2017) introduced a notion of spatial risk measure and a … corresponding set of axioms which are well suited to analyze the risk due to events having a spatial extent, precisely such as …

such policies. A typical industry practice consists of using fund mapping regressions to represent basis risk stemming from …

-horizon goal makes it more appealing among practitioners than myopic approaches, like Markowitz's mean-variance or risk parity. The … GOP literature typically considers risk-neutral investors with an infinite investment horizon. In this paper, we compute … the optimal bet sizes in the more realistic setting of risk-averse investors with finite investment horizons. We find that …