Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …

is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment …

In this experimental study, we compare the influence of risk communication in the form of stories versus statistics on … with an individual's preferences for risk and numbers. The results indicate that individuals invest more in a resilience …-promoting activity when communication comes as a story. This finding holds irrespective of an individual's risk preference. The results …

uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm … always chooses its optimal debt-equity ratio to minimize the weighted average cost of capital, irrespective of the risk …. When the background risk is either additive or multiplicative, we provide reasonable restrictions on the firm's preferences …

In his basic model of debt renegotiation, BESTER [1994] argues that collateral is more effective if high risk projects … are financed. This result, however, crucially depends on the definition of risk. Using the second-order stochastic … dominance criterion introduced by ROTHSCHILD AND STIGLITZ [1970], we show that it is not a project's high risk, induced by a …

access to the so-called lessons-learned. By using this approach, in this paper, we present the most common risks and risk … sources encountered in the implementation projects of SCM type information systems. We also propose a risk identification …

To provide a foundation for political decisions regarding terrorism in Germany, this risk must be thoroughly analyzed …Um politische Entscheidungen zum Umgang mit dem Terrorismus in Deutschland treffen zu können, ist eine eingehende … steht das Risiko der Bevölkerung durch Terrorismus im Fokus. Hierzu werden das regionale Ausmaß der Gefährdung und die …

comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … puzzle. The analysis is based on a large, representative panel data set for Germany, which provides information on asset …