to meet their financial obligations. It is based on classical financial-statement approach, a direct inclusion of risk … and a stochastic simulation model of enterprise development. The results show that the method used is superior to …

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 …

The paper provides novel insights on the effect of a firm's risk management objective on the optimal design of risk … hazard. In contrast to the case of risk aversion and moral hazard, the optimal insurance contract involves a joint deductible …

times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …

can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …

Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies …

This paper discusses methods to quantify risk and uncertainty in macroeconomic forecasts. Both, parametric and non … macroeconometric model of the Bundesbank for Germany. Forecast intervals that integrate judgement on risk and uncertainty are obtained. …

the revenue side is considered to be not at risk. We show different approaches to modelling the uncertainty of recurring … generate variable trajectories of operating costs and integrate them into a stochastic simulation of the financial model. …