Purpose – The purpose of this paper is to outline a method for evaluating gearing ratios when the loan rate and the rate of growth of the asset value are subject to severe uncertainty. Design/methodology/approach – Gearing ratios often are determined without any explicit methodology to deal...

Purpose – The purpose of this article is to introduce a new method of estimating risk as an alternative to value at risk (VaR), drawing on the risk assessment literature in environmental science. Design/methodology/approach – A commonly used and accepted measure of market risk is VaR,...

Purpose – The purpose of this paper is to outline a method for evaluating gearing ratios when the loan rate and the rate of growth of the asset value are subject to severe uncertainty. Design/methodology/approach – Gearing ratios often are determined without any explicit methodology to deal...

Purpose – The purpose of this article is to introduce a new method of estimating risk as an alternative to value at risk (VaR), drawing on the risk assessment literature in environmental science. Design/methodology/approach – A commonly used and accepted measure of market risk is VaR,...

Purpose – The purpose of this paper is to outline a method for evaluating gearing ratios when the loan rate and the rate of growth of the asset value are subject to severe uncertainty. Design/methodology/approach – Gearing ratios often are determined without any explicit methodology to deal...