in the tourism sector and to identify the business risk assessment models. Scientists pay big attention to risk analysis …. A series of risk analysis theoretical, methodological and practical studies are made, but for the tourism risk … scientistseconomists do not pay attention in practice. Tourism risk assessment models, analyzed in the article, showed their adaptability …

This paper attempts to provide a decision-theoretic foundation for the measurement of economic tail risk, which is not … risk measures that satisfy a set of economic axioms for the Choquet expected utility and the statistical property of … elicitability (i.e. there exists an objective function such that minimizing the expected objective function yields the risk measure …

between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … significantly lower future stock return volatility at the firm level. This relation is stronger (more negative) for firms where the … to their own firm and by reducing firm-level risk-taking. Furthermore, our results support the hypothesis that CEO risk …

This paper presents a methodology to analyze the Value at Risk (VaR) backtesting probability values to detect the … risk that a subportfolio is exposed to in every trading day. The paper presets statistical methods to back test the number …-values using the run test. Finally a model is presented to decompose the subportfolios' P&L risk into systematic and idiosyncratic …

-category spillovers of economic policy uncertainty (EPU) and financial market volatility between the US and Japan. Our model includes … market and exchange rate volatility, respectively. We find that the financial market volatility indices are usually … volatility index are typically more affected by EPU spillovers than the US VXO. Our results also reveal that, compared to within …

volatility. The empirical analysis is mainly conducted using a novel approach based on combining the Diebold and Yilmaz (2014 … January 2004 to May 2022, the empirical results show that the effect of EPU on the volatility of UAE stock markets is time …

We examine time-varying correlations among stock market returns, implied volatility and policy uncertainty. Our …

The study examines the effect of economic policy uncertainty (EPU) on nonlinear risk spillover across 24 Chinese … industry sectors over the period 2008-2022. We employ tail-event driven network method to measure nonlinear risk spillover of … inter-industry and quantile-on-quantile regression to reveal the effect of EPU on the risk spillover. We find that the …

In aftermath of the Financial Crisis, some risk management practitioners advocate wider adoption of Bayesian inference … to replace Value-at-Risk (VaR) models for minimizing risk failures (Borison & Hamm, 2010). They claim reliance of …-Bayesian and [increasingly] Bayesian – continues to be a key methodological foundation of risk management and regulation related …

In the aftermath of the Global Financial Crisis, some risk management practitioners have advocated wider adoption of … Bayesian inference to replace Value- at-Risk (VaR) models in order to minimize risk failures. Despite its limitations, the … [increasingly] Bayesian—continues to be a key methodological foundation of risk management and regulation-related risk modeling …