The risk conscious investor is defined as the maximizer of a conservative valuation or dynamically a nonlinear expectation. Both the static and dynamic problems are addressed using distortions of tail probabilities or distortions of tail measures. The multivariate static problem is solved in the...

The impact of tax incentives on the investment attractiveness of bonds for retail investors is assessed in the article. The paper presents a comparative empirical analysis of investment attractiveness of Russian bonds and bank deposits for domestic retail investors. We identify investment...

On account of that China is more close to retake its seat in the WTO, it is necessary that the adaptation to the international justified rules of the Chinese financial market of the securities and stocks could be on the effect and at the same time, the international challenge will be on the way...