This paper proposes downside risk measure models in portfolio selection that captures uncertainties both in distribution and in parameters. The worst-case distribution with given information on the mean value and the covariance matrix is used, together with ellipsoidal and polytopic uncertainty...

We study how investors' preferences for robustness influence corporate investment, financing, and compensation decisions and valuation in a financial contracting model with agency. We characterize the robust contract and show that early liquidation can be optimal when investors are sufficiently...

The potential market demand has a major impact on the probability of Initial Coin Offerings (ICOs) success of Blockchain-based platforms. However, the exact market demand is difficult to estimate because the goods or services provided by the Blockchain-based platforms are generally hard to...