associated with working capital at risk. These factors are grouped as firm-level, industry-level and country level variables …. Working capital at risk is treated as the Value at Risk for a portfolio of firm's current assets. As far as short …-term liquidity is concerned, working capital at risk, being the maximum a firm may lose at a certain confidence interval must be the …

The United Nations Sendai (2015) framework aims to reduce disaster risk. We offer a careful definition and computation … of the individual and property risk targets. Selecting the largest and better studied class of “natural disasters” over … the period 1970-2018, we show that individual risk is “likely” falling, that property risk is neither rising nor falling …

Risk classification refers to the use of observable characteristics by insurers to group individuals with similar … expected claims, to compute the corresponding premiums, and thereby to reduce asymmetric information. Permitting risk … undesirable equity consequences and undermine the implicit insurance against reclassification risk which legislated restrictions …

In this paper I investigate the relation between macroeconomic risk and higher-moment risk premia. I use existing … methodology for kurtosis swaps. The expected excess returns on such swaps are interpreted as higher-moment risk premia. I find … evidence supporting an increase in tail risk when variance is low and expectations about economic growth are positive. In such …

measures, resulting from the new model, can be used to implement joint risk scenario analysis …

We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an …