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Karbalaee, Ali - 2013

Retail Forex as an online CFD market is generally known as a high risk area for traders. This study is focused on existing risks and return possibilities in this market. Risks which may threat traders are surveyed through Liquidity, Credit, and Control, plus Market risks. Value at Risk and...

Persistent link: https://www.econbiz.de/10013083734

Repos, Risk Aversion, and Haircuts

Otto, Daniel - 2014

Repurchase agreements ("repos") play a significant role in global credit market activity. Therefore, the individual decisions of repo market participants can weigh heavily on the broader economy. In order to analyze the decisions of these participants, our framework studies security repurchase...

Persistent link: https://www.econbiz.de/10013051306

Spillover effects among financial institutions : a state-dependent sensitivity value-at-risk approach

Adams, Zeno; Füss, Roland; Gropp, Reint - 2012 - This version: September 2012

In this paper, we develop a state-dependent sensitivity value-at-risk (SDSVaR) approach that enables us to quantify the direction, size, and duration of risk spillovers among financial institutions as a function of the state of financial markets (tranquil, normal, and volatile). Within a system...

Persistent link: https://www.econbiz.de/10010226180

When Do Differences in Credit Rating Methodologies Matter? Evidence from High Information Uncertainty Borrowers

Bonsall, Samuel B., IV - 2016

This study investigates whether and when differences in the credit rating agencies' methodologies result in differences in rating properties. In particular, this study focuses on differences in information processing constraints between a rating agency that utilizes qualitative analysis and...

Persistent link: https://www.econbiz.de/10012980906

How Do Voluntary Disclosures on Climate Risk and Their Tone Affect CDS Premiums?

Imerman, Michael B.; Ye, Xiaoxia; Zhao, Ran - 2022

We examine the effect of voluntary climate risk disclosure on Credit Default Swap (CDS) premiums. We develop a structural credit risk model, in which climate-related disclosures serve as an information source reducing uncertainty about climate risks. The model predicts a negative relation...

Persistent link: https://www.econbiz.de/10013404223

Uncertainty and Dispersion of Opinions

Kim, Min S. - 2018

We develop a model of risk-averse forecasters whose relative performance evaluation provides strategic misreporting incentives. Benchmarking against peers' performance results in herd behavior to avoid underperformance; a winner-take-all contest leads to deviations from peers. Uncertainty...

Persistent link: https://www.econbiz.de/10012940658

Potential Role of Insurance Sector in Mitigating Climate Risk

Kumar, Sonjai - 2023

The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with entities that scrupulously incorporate environmental, social, and governance (ESG) aspects in their business philosophy

Persistent link: https://www.econbiz.de/10014254725

Impact of Climate Risk on the Insurance Industry

Kumar, Sonjai - 2023

Climate risk impacts the insurance industry on both sides of the balance sheets. On the one hand, rising weather-related claims are affecting the liability side. At the same time, there is an increasing expectation from investors, shareholders, customers and other stakeholders for insurers to...

Persistent link: https://www.econbiz.de/10014254839

Optimal Periodic Dividend Strategies for Spectrally Positive Lévy Risk Processes With Fixed Transaction Costs

Avanzi, Benjamin - 2019

We consider the general class of spectrally positive Lévy risk processes, which are appropriate for businesses with continuous expenses and lump sum gains whose timing and sizes are stochastic. Motivated by the fact that dividends are paid periodically in real life, we study periodic dividend...

Persistent link: https://www.econbiz.de/10012896608

Der Einfluss von Institutionen auf Wagniskapital : wie sich Transaktionskosten, Unsicherheit und Wandel auf neue Unternehmen auswirken

Hoch, Felix; Lohwasser, Todor S. - 2019

, indem sie die Auswirkungen reduzierter Transaktionskosten und Unsicherheiten als institutionelle Ergebnisse auf … zeigen, dass Startups in Ländern mit (1) generell niedrigeren Transaktionskosten, die nicht durch Überregulierung …. Bereits finanzierte Startups überleben eher in Ländern mit (1) niedrigeren Transaktionskosten, (2) geringerer Unsicherheit und …

Persistent link: https://www.econbiz.de/10012104608