Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices … expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …

This paper investigates a corporation's risk management response to highly dynamic risks. Using a unique data set on … the German terrorist insurance market, the paper tests whether corporate risk managers have a clear understanding of the … probability distribution of highly dynamic risks or if risk managers learn from severe losses and base their decisions upon day …

This paper deals with the competencies of risk management professionals for assessing risk. Often such risk experts …, from a management perspective it is important to know the risk assessment competencies of these professionals and to know … how these could be biased. Or research focuses on the competencies of these risk management professionals and how they …

Developments in risk-transfer instruments and risk management techniques in the last two decades have fundamentally …

important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany … to offset risk reductions achieved on the micro level. …

ex post risk, collateral and relationship lending since housebanks do more frequently engage in workout activities for … lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan …

use of collateral in bank loan contracts as well as the exist-ence of relational compared to arm's length lending. In this … neither confirm that a high priority for secured lenders explains an excessive use of collateral in bank loans nor that a … priority for inside collateral promotes relational lending. Regarding relational lending we point to variables lying outside …

start-ups caused by lacking collateral or equity and high information asymmetry. The present study quantifies the economic …