Female board significantly affect the OCF. The paper enables policymakers to perceive the magnitude of liquidity risk and …

estimation plays a key role in its evaluation. Assuming a structural credit risk modeling approach, we study the impact of … inside a Merton-like structural model. To estimate the volatility risk component of a firm we use high-frequency equity data …-parametric volatility estimators on risk evaluation is not negligible: a sensitivity analysis defined for alternative values of the leverage …

Existing research shows that bidder default risk increases following acquisitions due to a rise in post …-acquisition leverage and managerial risk-taking actions offsetting the potential for asset diversification. This study examines whether the … risk effects of acquiring distressed targets are fundamentally different and investigates possible explanations for any …

We present an integrated framework incorporating both exogenous liquidity risk in the secondary corporate bond market … and volatility risk in the dynamics of asset value in debt rollover models. Using an innovative theoretical approach we … values from empirical studies that volatility risk, together with deteriorating bond market liquidity, decrease both debt and …

This study is conducted to shed more lights on the relationship between volatility and liquidity in the Indonesia Stock … Exchange (IDX). We extend the research by investigating risk premium and excess return relationship employing intraday … pricing in Indonesia stock market …

expected return in Indonesia Stock Exchange (ISE). The idiosyncratic risk is proxy by idiosyncratic volatility, realized and …This research classified as asset pricing studies that conducted to identify the effect of idiosyncratic risk and … expected idiosyncratic volatility, as a natural proxy for this risk that only found in individual securities. The realized …