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Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes … significantly related to reputational risk. In some samples, Tobin's Q, the level of competition, and the discount rate also were …
Persistent link: https://www.econbiz.de/10013088818
, heightened scrutiny on reputation risk by banking and insurance regulators, and reputation's impact on organizational value …. Insurers have responded to this development only recently by offering new reputation risk insurance solutions. The aim of this … insurers face in offering such coverage. We also offer a conceptualization of reputation risk in an insurance and risk …
Persistent link: https://www.econbiz.de/10013061290
We discuss the existence of a pooling equilibrium in a two-period model of an insurance market with asymmetric … to the the importance of the opposite: dregs skimming, whereby high-risk consumers are proÞtably detracted from the …
Persistent link: https://www.econbiz.de/10012142264
We discuss the existence of a pooling equilibrium in a two-period model <p> of an insurance market with asymmetric … here point <p> to the the importance of the opposite: dregs skimming, whereby high-risk <p> consumers are proÞtably …
Persistent link: https://www.econbiz.de/10005419441
was analyzed under three risk metrics - mean-variance risk of classic portfolio theory; value at risk used in regulation … portfolio theory) versus Paretian claims (industry practice) distributions using a normative algorithm. EBay's model viability … such as the Basel Accords; and tail value at risk which is preferred by academics. Results: Five main findings of the …
Persistent link: https://www.econbiz.de/10011296330
Persistent link: https://www.econbiz.de/10012650471
How does securitization affect the risk of the loans that are originated for securitization? While the standard view is … that the originate-to-distribute (OTD) model weakens the originator's screening incentives and leads to higher risk … increase risk. However, when multiple loans are pooled together and securitized, reputational incentives to screen become …
Persistent link: https://www.econbiz.de/10013002768
I study reputation effects under uncertain monitoring. I examine a repeated game between a long-run player and a series of short-run opponents. The long-run player can either be a strategic type or a commitment type that plays the same action in every period. The modeling innovation is that the...
Persistent link: https://www.econbiz.de/10012909525
Concerns about constructing and maintaining good reputations are known to reduce borrowers' excessive risk …
Persistent link: https://www.econbiz.de/10013157629
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10011334827