I investigate how students from different cultures form risk-sharing networks when they come to study at university …, and how these network structures affect risk attitudes in different contexts. Using an online survey, I find that students … from collectivist cultures such as China form larger financial risk-sharing networks at university than students from …

investigate how the structure of those networks can affect the capacity of regulators to assess the level of systemic risk. We … of systemic risk in terms of expected losses. We further quantify the effects of cyclicality, leverage, volatility and …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …. Second, the addition of peer-monitoring overcompensates, leading to sharp reductions in risk-taking and profitability. Equity …

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 …

requirements are refined by adding a risk correction term that takes into account the interdependencies of the risks of different …

market risk as a liquidity provider in exchange for earning commissions on each trade. Here we analyze the risk profile of a …

business risk. Business risk is measured as variability in revenue, customer base, informal payments, and temporary firm … closure. The results show lower levels of business risk among certified firms, especially for firms in the middle deciles of … the risk distribution. Certification also correlates negatively with risk-reduction for technologically advanced firms, as …

robustness under risk aversion and ambiguity aversion. We aim to understand the potential consequences of deeply uncertain … relationship between the upstream sourcing decisions and the supply chain survival probability. Both risk-averse and ambiguity …