Showing 1 - 10 of 8,757
Corporate reputation has deserved attention in recent years from firms and researchers given its impact on creating a … competitive advantage and on keeping a sustained superior performance. However, the impact of corporate reputation on risk, in …, analyze the effect of corporate reputation on stock return and risk. A model based on firms' financial market data was …
Persistent link: https://www.econbiz.de/10014295000
This paper investigates the reputational risk measurement in banking using a simple model that integrates random effects and Logit models. The pricing theory is outlined to include risk determinant factors as well as negative news for banks. The environment under which the quantitative model is...
Persistent link: https://www.econbiz.de/10012968986
theoretical valuation system on ESG reputation, i.e., the reputation or the gain in confidence produced by possession of a … positive reputation compared to the lack of one when the ESG criteria are integrated into the business analysis. In particular …, which measures the economic impact of the good or bad reputation due to ESG investments. One of the approach's main features …
Persistent link: https://www.econbiz.de/10014351264
Purpose: We empirically examine the impact of the stand-alone risk committee on corporate risk-taking and firm value. Design/methodology/approach: We argue that the existence of a stand-alone risk committee enhances the quality of corporate governance, which reduces corporate risk-taking and...
Persistent link: https://www.econbiz.de/10012824633
, multiple total stock return measures distinguishing dividend payouts from simple stock returns. Results suggest that both … explicit and implicit risks are positively related to dividend payouts and not to stock returns, while the overall effect on … exposure and, probably as a consequence, boards in carbon intensive companies use dividend policies to attract investment in …
Persistent link: https://www.econbiz.de/10012694482
This paper shows empirically how asset risk and financial leverage interact to explain the equity risk dynamics of value versus growth stocks. During economic downturns, the asset betas and leverage of value firms increase, contributing to a sharp rise in equity betas. Asset betas of growth...
Persistent link: https://www.econbiz.de/10013071094
Risk parity is an asset allocation strategy designed so each asset class contributes equally to overall portfolio risk (as measured by volatility). While risk parity offers potential advantages, its success hinges on key assumptions and a favorable environment for bonds. Like the traditional...
Persistent link: https://www.econbiz.de/10013015173
firms that either increased or initiated cash dividend payments during the 23-year period 1986-2008, we find reduction in … explains the dividend payment decision and the positive market reaction around dividend increases and initiations. Further … following dividend increases and initiations …
Persistent link: https://www.econbiz.de/10014192535
We use an empirical model to categorize firms into portfolios based on operational risk. Using these portfolios, we show that a strategy of buying firms in the highest decile of operational risk and shorting firms in the lowest decile of operational risk earned a positive but insignificant...
Persistent link: https://www.econbiz.de/10012940363
If two investments have the same payoff covariance with the market but one has higher expected payoff, which asset according to the CAPM has most risk? One answer is that as far as risk goes the two assets are the same, because they have the same covariance with the market. The correct answer,...
Persistent link: https://www.econbiz.de/10013018978