I implement the accounting-based risk measurement approach in equity valuation proposed by Nekrasov and Shroff (2009 … this risk measurement approach produce a significantly smaller valuation inaccuracy relative to the market-based approach … intrinsic value estimate based on the accounting approach. Additionally, the estimated risk can be transformed to obtain …

Implied volatility indices should have information about risk parameters, once they are cleansed of the influence of … uncover unobserved risk aversion and fundamental uncertainty from the observed time series of the VIX and the credit spreads … information regarding risk aversion whereas credit spreads have a lot to say about both risk aversion and uncertainty. Moreover …

Risk management and the thorough understanding of the relations between financial markets and the standard theory of … relative risk aversion) using stocks and options data. Daily estimates of investors' pricing kernel and relative risk aversion … relative risk aversion is found to be linear. The relation of the same explanatory variables to the principal components of the …

Risk management and the thorough understanding of the relations between financial markets and the standard theory of … relative risk aversion) using stocks and options data. Daily estimates of investors' pricing kernel and relative risk aversion … relative risk aversion is found to be linear. The relation of the same explanatory variables to the principal components of the …