Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … occurrence, systemic risk can reduce dramatically the diversification benefits. It is clearly revealed via a non … it. One of them is the existence of systemic risk that affects all the policies at the same time. We introduce here a …

the estimation and backtesting of ES, it can be considered a good risk measure. In particular, there is no sufficient …Expected Shortfall (ES) has been widely accepted as a risk measure that is conceptually superior to Value-at-Risk (VaR … desirable properties of risk measures like coherence, comonotonic additivity, robustness and elicitability. We check VaR, ES and …

Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … occurrence, systemic risk can reduce dramatically the diversification benefits. It is clearly revealed via a non … it. One of them is the existence of systemic risk that affects all of the policies at the same time. We introduce here a …

Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit … occurrence, systemic risk can reduce dramatically the diversification benefits. It is clearly revealed via a non … it. One of them is the existence of systemic risk that affects all the policies at the same time. We introduce here a …

of multi-business portfolios. Although there is lots of work on diversification and mergers and acquisitions, corporate … contempt - the reasonable suspicion of economic inferiority of firm diversification and the possible inappropriateness of CPM …

vieler Agrarmärkte existieren nur wenige empirische Arbeiten zum Zusammenhang zwischen Diversifikation und dem Erfolg … Diversifikation in verwandte und unverwandte Produktbereiche auf das Wachstum (als ein Erfolgsmaß) von Unternehmen untersucht und … Diversifikation in verwandte Produktbereiche ein höheres Wachstum aufweisen, während die Diversifikation in nicht …

spatial differences in high technology employment, R&D activity, involvement in overseas markets and civilian diversification … la technologie, la R et D, les relations commerciales exterieures et la diversification civile. Bien qu'on puisse faire … Hochtechnologie, in Forschung und Entwicklung, in Beteiligung am Uberseemarkt und Diversifikation fur Zivilzwecke gewidmet. Die Studie …

corporate bond yield spreads indicates that the idiosyncratic component serves as a good vehicle for risk diversification …Following the reduced-form models of Duffee (1999) and Jarrow, Lando and Yu (2003), this study investigates the risk … diversification issue of corporate bond portfolios. Considering especially long run market behavior, our empirical decomposition of …