season when most investors become more risk averse, the stock prices reflect the future economic growth more than the rest of …

The trade-off between risk and return lies at the heart of modern financial theory. Over the past decade, however, the … (negative) risk premium on beta during periods of up (down) markets, supporting for the continuous use of beta as a measure of … market risk. …

board system implemented in Hong Kong has virtually eliminated currency risk for U.S. investors during the past 20 years … should consider their portfolio mix and risk tolerance level carefully before investing in Hong Kong stocks. …

. This conceptual framework outlines a strategic view towards retail stores as flexible assets of a retail enterprise. This … determine retailers optimal investment thresholds in noncompetitive and competitive markets. The equivalent risk neutral … conducted to study how retailers optimal investment thresholds change as the values of parameters in this equivalent risk …

A methodology for the conceptual design phase risk assessment of an aerospace system was proposed. The method was … designed to examine political, social, and economic risk over a systems lifecycle through the use of future scenarios to bound … political, social, and economic risk during conceptual level design, and that this information can be used to aid in design down …

motion (GBM) process. That is, we show what difficulties can arise when failing to account for estimation risk. Our working … the underlying risk-neutral process. Next we extend our work to the contingent claim sensitivities associated with an … difficulties that can ensue when failing to account for estimation risk in valuation and hedging formulae. …