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Fear and Risk : Do Visceral Factors Affect Risk Taking?
Bogan, Vicki L.; Yonker, Scott E. - 2021
We provide empirical evidence that visceral factors affect financial risk taking by showing that exposure to mass shootings alters mutual fund managers' risk taking decisions. Funds that are exposed to mass shootings subsequently decrease risk relative to their peers. The effect that we document...
Persistent link: https://www.econbiz.de/10013244990
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Do Fund Managers Misestimate Climatic Disaster Risk?
Alok, Shashwat - 2020
We examine whether professional money managers overreact to large climatic disasters. We find that managers within a major disaster region underweight disaster zone stocks to a much greater degree than distant managers and that this aversion to disaster zone stocks is related to a salience bias...
Persistent link: https://www.econbiz.de/10012848430
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Show what you risk - norms for risk taking
Grimm, Stefan - 2018
Most economic decisions are embedded in a specific social context. In many such contexts, individual choices are influenced by their observability due to underlying social norms and social image concerns. This study investigates the impact of choices being observed, compared to anonymity of...
Persistent link: https://www.econbiz.de/10011930435
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Diversifying Risk Parity
Lohre, Harald - 2014
Striving for maximum diversification we follow Meucci (2009) in measuring and managing a multi-asset class portfolio …. Under this paradigm the maximum diversification portfolio is equivalent to a risk parity strategy with respect to the … diversified risk parity strategy. Moreover, we explore the risk and diversification characteristics of traditional risk …
Persistent link: https://www.econbiz.de/10013066973
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Managing Investment Risks : Modern vs Traditional Knowledge and Practices
Swami, Rakesh - 2019
The present study is a comparative study between modern investment tools and old investment tools. The study has been conducted in Rajasthan (India) and therefore the old tools of investment available in Rajasthan have been identified and compared with the modern tools. The primary purpose of...
Persistent link: https://www.econbiz.de/10012895635
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Do Banks Overreact to Disaster Risk?
Huang, Qianqian; Jiang, Feng; Xuan, Yuhai; Yuan, Tao - 2021
We examine how banks respond to large natural disasters when corporate borrowers are located in the neighborhood of the disaster area. We find robust evidence that banks charge significantly higher loan spreads for firms located in the neighborhood of the disaster area than for remote firms. The...
Persistent link: https://www.econbiz.de/10013220674
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Bank complexity, governance, and risk
Correa, Ricardo; Goldberg, Linda S. - 2020
geographic complexity can engender explicit trade-offs between the agency problems that increase risk and the diversification … geographic scope tend to provide diversification gains and reduce idiosyncratic and liquidity risks while also increasing BHCs …
Persistent link: https://www.econbiz.de/10012234342
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Risk-based Momentum
Li, Sophia Zhengzi; Yuan, Peixuan; Zhou, Guofu - 2022
Based on intraday data for a large cross section of individual stocks, we find that the risk component of stock returns exhibits strong intraday momentum, and this pattern holds from previous market close to 10:00, and every half hour since then until market close at 16:00. Strikingly, the...
Persistent link: https://www.econbiz.de/10013295372
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Changing Contours of Risk Management in a Digitized Financial Space : The Future Started Yesterday
Mishra, Dr. Rabi N. - 2019
The first wave of digitization has automated the front-end of banking institution, now it's the turn for digitizing back-end and use technology in risk management for gaining a competitive advantage. Machine learning and predictive analysis are being used for assessing various credit proposals....
Persistent link: https://www.econbiz.de/10012868130
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Risk Management with Tournament Incentives
Balsdon, Edmund M. - 2013
The convex payoff structure in professional golf rewards scoring volatility, giving rise to player types who succeed in spite of higher average scoring. The same risk incentives should influence all players to adjust risk strategies at key moments in tournaments when payoffs either crystalize or...
Persistent link: https://www.econbiz.de/10013077985