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Insurance ideas inform legal thought: from tort law, to health law, to theories of distributive justice. Within legal thought, insurance is often conceived as an ideal type in which insurers distribute determinable risks through contracts that fix the parties' obligations in advance. This ideal...
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A flexible framework for the analysis of tail events is proposed. The framework contains tail moment measures that allow for Expected Shortfall (ES) estimation. Connecting the implied tail thickness of a family of distributions with the quantile and expectile estimation, a platform for risk...
Persistent link: https://www.econbiz.de/10011349502
Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing …
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Project-competence has a role in perceived risk. Our research objective was to detect project-actors' presumptions about performance risk in relation to the supplier's expected performance. We investigated investment projects with significant and insignificant tangible content. By exploring...
Persistent link: https://www.econbiz.de/10013113625
For most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of … Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative … financial system for conventional finance. Sharing the risks is the main concept of Islamic finance and one of the main …
Persistent link: https://www.econbiz.de/10009425176
This paper examines various concepts related to the topic of corporate risk appetite. It emphasises the need for consistency of definitions and coherence of terminology. Corporate risk appetite articulation is discussed as a corollary to strategy formulation and as an aid to corporate...
Persistent link: https://www.econbiz.de/10013118280
This article reviews the principal features of structured finance instruments. Key to understanding the risk properties … modelling of the credit risk of the underlying asset pools. It is argued that structured finance ratings, though useful, have … their assessments of structured finance instruments and their markets …
Persistent link: https://www.econbiz.de/10013092064
The Euler (or gradient) allocation technique defines a financial institution's marginal cost of a risk exposure via calculation of the gradient of a risk measure evaluated at the institution's current portfolio position. The technique, however, relies on an arbitrary selection of a risk measure....
Persistent link: https://www.econbiz.de/10013093698