terms of the risk-return trade-off and value creation. Results from a sample of 41 French industrial diversified firms … indicate that unrelated strategy yields a better risk-return performance and creates more value than related strategy. …

sharing, low level of disclosure on customers, low sovereign credit risk rating and low level of profitability of CBR services …

English Abstract: The risk of default is the most forgotten issue of the stock valuation. However, we demonstrate in … the distance to the default, apprehends this risk for all companies, whether they are in debt or not, unlike the Mertonian … structural models, which limit this measure of risk solely to indebted companies.The identification of a default risk premium in …

obtaining more diversified Value-at-Risk and Expected Shortfall measures, by applying the diversification principle to model … risk. Following Taylor (2008) and Gouriéroux and Jasiak (2008), we introduce a new class of models called Dynamic … the DARE approach and how expectiles can be used to estimate quantile risk measures. We finally use the main validation …

concerned private firms. Knowledge of the risk and return of entrepreneurial ventures for outside investors is consequently …