This book is a guide to asset and risk management from a practical point of view. It is centered around two questions … triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory … they should not? - How do investors deal with such crises in terms of their risk measurement and management and, as a …

microstructure effects, as well as new financial risk measures using parametric and non-parametric techniques. In particular, it …

This book proposes an integrated approach to patent risk and capital budgeting in pharmaceutical research and …-claims analysis, stochastic game theory, as well as novel numerical methods. The text re-initiates a discussion about the contribution …-intensive firms. With this text, the author proposes an integrated approach to patent risk and capital budgeting in pharmaceutical …

Develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. This book … explains how the design of the regulatory system influences the risk of a rate-regulated firm, as well as elaborates …

This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It … standard decision theories like expected utility or cumulative prospect theory. …This book is written for those seeking a decision theory appropriate for use in serious choices such as insurance. It …

risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … directors to analyse why they take risks, and how companies control risks. Integrating theory and evidence the book develops a …

Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is … priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross … pricing story: higher asset returns must be associated with lower prices and higher risk exposure. In particular, he …