The business environment for many firms is changing rapidly and is becoming increasingly uncertain due to the disruption caused by new digital technologies, deregulation, new business models, and the threat of new competitive entrants. This dynamic competitive environment increases the level of...

• Scenario planning can mitigate losses, increase market expansion, prevent business regional exit and maximise profits.• Global banks must form partnerships with local and Islamic banks in global markets to utilize local expertise, acceptance and success.• Businesses operating in...

This paper brings empirical evidence that the positive effect of exposure to advertising on consumers' tendency to purchase a product is due to the informative nature of ads and to consumers' risk-aversion. We show that the findings of previous studies that advertising intensity is an element in...

How much do informational constraints impact economic outcomes? This paper applies a computational modeling strategy to inventory purchasing decisions. Known as the “newsvendor problem”, statistics theory has found optimal heuristics for firm behavior in conditions of unpredictable consumer...

The recent rapid accumulation of anomalous empirical research results has made clear that the classical definition of financial risk based on asset classes only is ready for a epistemological change. Currently, the definition of financial risk suffers from three major deficiencies: (1) financial...

Creating favorable conditions for the development of industry is one of the key tasks with an increased level of complexity, the solution of which is associated with attracting investments and forming an investment policy that takes into account various specific characteristics of its...

The 1990s were designated as the International Decade for Natural Disaster Reduction. Yet, almost ten years after the close of that decade, many issues remain unresolved about the nature of disasters and their impact on human beings, other life forms and the natural environment. There is the...

This paper develops new financial theory to link the third order stochastic dominance for risk-averse and risk-seeking investors and provide illustration of application in risk management. We present some interesting new properties of third order stochastic dominance (TSD) for risk-averse and...

Using leverage to magnify performance is an idea that has enticed investors and traders throughout history. The critical question of when to employ leverage and when to reduce risk, though, is not often addressed. We establish that volatility is the enemy of leverage and that streaks in...

Numerous academic studies have shown that asset allocation is the single most important determinant of portfolio returns. We accept this premise but note that an optimal asset allocation strategy must still be determined based on dynamic conditions. Using the principles of intermarket analysis...