Showing 1 - 10 of 282
Abstract In this paper, we formulate the classical optimal risk allocation problem for convex risk functionals defined on products of real Banach spaces as risk domains. This generality includes in particular the classical case of L p risks but also allows to describe the influence of dependence...
Persistent link: https://www.econbiz.de/10014621216
Abstract We characterize when a convex risk measure associated to a law-invariant acceptance set in L ∞ can be extended to L p , $1\le p<\infty $ , preserving finiteness and continuity . This problem is strongly connected to the statistical robustness of the corresponding risk measures....
Persistent link: https://www.econbiz.de/10014621226
Numerical simulation of several typical risk management strategies using pro forma financial statements from representative U.S. dairy cooperatives shows that combinations of forwards, swaps, and cash marketing strategies for output (cheese), along with various forward contracts offered to...
Persistent link: https://www.econbiz.de/10014667233
We propose a new theory of choice between lotteries, which combines an 'economic' view of decision making - based on a … rational, though incomplete, ordering - with a 'psychological' view - based on heuristics. This theory can explain observed … violations of EU theory, namely all cyclical patterns of choice as well as violations of independence.  …
Persistent link: https://www.econbiz.de/10014589069
Purpose This study aims to establish an analytical framework to help investors accommodate their environmental, social, and corporate governance (ESG) preferences. The analytical solutions were complemented by empirical analyses to shed light on their benefits and tractability....
Persistent link: https://www.econbiz.de/10015342015
This paper explores the role that environmental disclosures might play in producing a legitimating effect on investors within the context of the chemical industry. By way of an experimental decision case it examines effects of negative, and the offsetting effects of positive, environmental...
Persistent link: https://www.econbiz.de/10014640926
Librarians face considerable liability exposure, especially from employment actions, simple personal injury negligence … actions, and from perceived violations of constitutional rights. Explains why and how liability insurance can be used in … managing such risk, when liability insurance is needed, and compares four sample policies.  …
Persistent link: https://www.econbiz.de/10014687348
The author provides an analysis of the underlying structural liability in the banking business by analysing balance … sheets across the banking industry. He shows that the structural liability of different banks varies enormously. He argues … that asset and liability management professionals need to have a deep understanding of the financial markets and of the …
Persistent link: https://www.econbiz.de/10014689062
Risk management issues and the implications and implementation of the Basel Accord are concentrating the minds of the banking industry. The author assesses the implications and, from a legal standpoint, advises on how to apply the new skills which will be required. She also suggests various...
Persistent link: https://www.econbiz.de/10014689063
Describes, in case study form, how a UK‐based building society installed and operated a new system for financial planning and forecasting. Looks at the objectives, the way in which these were satisfied and how its financial planning and strategic requirements have been changed and enhanced.
Persistent link: https://www.econbiz.de/10014689066