The aim of this article is to use multiple discriminant analysis (MDA) and logit models to assess the risk of … literature is used to select models appropriate to analyze the risk of bankruptcy of tourism enterprises listed on the Warsaw … allowed the estimation of the risk of bankruptcy of enterprises from the tourism sector in Poland as well as the assessment of …

We study a new risk measure inspired from risk theory with a heat wave risk analysis motivation. We show that this risk … useful for measuring the potential impact of climate change on heat wave risk. Numerical illustrations are given. …

reduce NPEs in the subsequent period. In conclusion, climate risk management represents a crucial challenge for the financial …

addressing the disaster's underlying risk, the traditional disaster insurance strategy largely focuses on providing financial … significance of effective disaster risk reduction strategies applied within the innovative insurance mechanism in lowering overall … help insurance firms, policy planners, and disaster risk managers make decisions that will benefit local communities and …

The aim of this work is to introduce an innovative methodology for performing risk attribution within a multifactor … risk framework. We applied this analysis to the assessment of systemic, climate, and geopolitical risks relative to a … the combined risk to each factor and to the effect of their interaction by employing our proposed frequency-based approach …

Value-at-risk (VaR) and conditional value-at-risk (CVaR) are popular risk measures from academic, industrial and … investor is faced with a Markowitz type of risk reward problem at the final horizon, where variance as a measure of risk is …

This paper investigates the risk exposure for options and proposes MaxVaR as an alternative risk measure which captures … the risk better than Value-at-Risk especially. While VaR is a measure of end-of-horizon risk, MaxVaR captures the interim … risk exposure of a position or a portfolio. MaxVaR is a more stringent risk measure as it assesses the risk during the risk …

to market extreme scenarios, incorporating the need of regulators and financial institutions in more sensitive risk … loss distribution. The findings show that our VaR estimations are able to capture the tail risk and react to market …

strategies, affects financial performance when risk is measured. We use the MA rule for market timing, that is, for when to buy … stocks and when to shift to the risk-free rate. The important issue regarding the predictability of returns is assessed. It …