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 …

economics, where the tendency is to see theory and methods for rational decision-making under risk and uncertainty as well …-established and risk management tools as well developed, and to view the PP with some circumspection. Following a brief introduction … decision-making and risk management (here labeled ordinary risk management, ORM), identifying areas of incompleteness …

The purpose of this paper is to present a history and an evolution of concepts of risk and risk management in economic …, respectively financial fields, highlighting the usefulness (or not) and complexity of tools for risk assessment developed over time …. The main objective of risk management is to reduce costs and increase the value of company and stakeholders gains; also, a …

manage drought risk: weather index insurance and a recently released drought-tolerant rice variety. We illustrate how these … tools can independently address drought risk and demonstrate the potential for these tools to be combined in a complementary … risk management product. Using a discrete choice experiment, we assess farmers’ preferences for these two tools …