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Accounting for Risk: developing a new research agenda for risk appraisal in high-technology ventures
Reid, Gavin C; Smith, Julia A - Centre for Research into Industry, Enterprise, Finance … - 1999
finance for high-technology ventures, if appropriate yardstick comparison is made with US practise. This paper proposes a new …
Persistent link: https://www.econbiz.de/10005807924
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Operational Risk Management in Hotel Establishments: A Study on Four and Five Star Hotels in Ankara
Pelit, Elbeyi - In: Business and Economics Research Journal 2 (2011) 2, pp. 117-117
The purpose of this study is to determine the applications of hotel establishments in the scope of operational risk. In this context, a survey was applied to the managers of four and five star hotel establishments in Ankara/Turkey. According to the factor analysis done after the literature...
Persistent link: https://www.econbiz.de/10009017905
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Expected Utility and Catastrophic Risk
Ikefuji, Masako; Laeven, Roger; Magnus, Jan; Muris, Chris - Tinbergen Instituut - 2014
An expected utility based cost-benefit analysis is in general fragile to its distributional assumptions. We derive necessary and sufficient conditions on the utility function of the expected utility model to avoid this. The conditions ensure that expected (marginal) utility remains finite also...
Persistent link: https://www.econbiz.de/10011261938
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A survey into the use of derivatives by large non-financial firms operating in Belgium
CEUSTER, Marc J.K. DE; DURINCK, Edward; LAVEREN, Eddy; … - Faculteit Toegepaste Economische Wetenschappen, … - 1998
Persistent link: https://www.econbiz.de/10010797686
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Managing risk in multi-asset class, multimarket central counterparties: The CORE approach
Vicente, L.A.B.G.; Cerezetti, F.V.; De Faria, S.R.; … - In: Journal of Banking & Finance 51 (2015) C, pp. 119-130
Multi-asset class, multimarket central counterparties (CCPs) are becoming less uncommon as a result of merges between specialized (single-asset class, single market) CCPs and market demands for greater capital efficiency. Yet, traditional CCP risk management models often lack the necessary...
Persistent link: https://www.econbiz.de/10011194183
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Parsimonious exposure-at-default modeling for unfunded loan commitments
Bag, Pinaki; Jr, Michael Jacobs - In: Journal of Risk Finance 13 (2011) January, pp. 77-94
Purpose–The purpose of this paper is to build an easy to implement, pragmatic and parsimonious yet accurate model to determine an exposure at default (EAD) distribution for CCL (contingent credit lines) portfolios. Design/methodology/approach–Using an algorithm similar to the basic...
Persistent link: https://www.econbiz.de/10009415545
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The subprime mortgages crisis and Islamic securitization
Kamil, Karmila Hanim; Abdullah, Marliana; Shahimi, Shahida - In: International Journal of Islamic and Middle Eastern … 3 (2010) November, pp. 386-401
literature of Islamic finance by showing that Islamic securitization via sukuk is a viable source of funds that could help …
Persistent link: https://www.econbiz.de/10009245380
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Potential for the application of emerging market Z-score in UAE Islamic banks
Zaabi, Obaid Saif H. Al - In: International Journal of Islamic and Middle Eastern … 4 (2011) June, pp. 158-173
considered to provide valuable instrumental indicators. Z-score can be adopted by the UAE Islamic banks to finance long … provide valuable instrumental indicators. Z-score can be adopted by the UAE Islamic banks to finance long-term partnership … projects and SMEs. Social implications – The model is believed to widen the industry exposure in order to finance more projects …
Persistent link: https://www.econbiz.de/10009274814
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Weather risk management by Saskatchewan agriculture producers
Khan, Saqib; Rennie, Morina; Charlebois, Sylvain - In: Agricultural Finance Review 73 (2013) April, pp. 161-178
Purpose – The purpose of this research is to study the weather risk management practices of agriculture producers. In particular, the authors look at the extent to which farmers use weather derivatives to complement insurance. Unlike insurance, weather derivatives mitigate risk associated with...
Persistent link: https://www.econbiz.de/10010688434
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Allocation of risk capital on an internal market
Baule, Rainer - In: European Journal of Operational Research 234 (2014) 1, pp. 186-196
We propose an allocation process for economic risk capital using an internal sequential auction in which investment allowances are based on marginal risk contributions. Division managers have incentive to give truthful bids because of bonus payments, which are linear in the division’s profit...
Persistent link: https://www.econbiz.de/10010871157