Purpose – The purpose of this paper is to outline a new approach to risk management that will create an innovative … marketplace mechanism to deal with risk. Design/methodology/approach – The paper discusses current risk management practice and … proposes a novel new approach to risk management with an example. Findings – This paper proposes the creation of a restructured …

risk concentration strategy and discuss expected profits (losses) under conditions of limited and unlimited liability … low enough interest rate and externalize the majority of the risk. Risks are more likely to be externalized when …. Originality/value – The main contribution of the paper is to show that a risk concentration strategy can be used to make the …

Purpose – The purpose of this paper is to outline a new approach to risk management that will create an innovative … marketplace mechanism to deal with risk. Design/methodology/approach – The paper discusses current risk management practice and … proposes a novel new approach to risk management with an example. Findings – This paper proposes the creation of a restructured …

Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent--one who … is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features … structure of risk premia, which are found empirically. Since such preferences can lead to dynamic inconsistencies with respect …

Purpose – One of the agency conflicts between investors and managers in fund management is reflected by risk …-taking behaviors led by their different goals. The investors may stop their investments in risky assets before the end of the … investment horizon to minimize risk, while the managers may do so to entrench their reputation so as to pursue better …

employs simple models of investment, checks for cointegration, and applies the value at risk (VAR) methodology. Findings …