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requirements are refined by adding a risk correction term that takes into account the interdependencies of the risks of different …
Persistent link: https://www.econbiz.de/10013133338
institutions with diverse ESG profiles to mitigate risk and optimise returns. These potential research perspectives offer …
Persistent link: https://www.econbiz.de/10014460414
of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that … farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members …
Persistent link: https://www.econbiz.de/10011894385
of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that … farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members …
Persistent link: https://www.econbiz.de/10011943900
often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services …, resilience insures risk-averse ecosystem users against potential welfare losses. Using a general and stringent definition of … insurance and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how …
Persistent link: https://www.econbiz.de/10010271779
Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …
Persistent link: https://www.econbiz.de/10013088818
insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …
Persistent link: https://www.econbiz.de/10012614542
Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard … and adverse selection. Index based risk transfer minimizes these obstacles by not fully insuring the risk. However, such …
Persistent link: https://www.econbiz.de/10013062879
contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …
Persistent link: https://www.econbiz.de/10014025527
often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services …, resilience insures risk-averse ecosystem users against potential welfare losses. Using a general and stringent definition of … “insurance” and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how …
Persistent link: https://www.econbiz.de/10004973938