relate the efficiency with bank management quality, we first analysed the effect of efficiency on the systematic risk of … calidad de la gestión, se contrasta en primer lugar el efecto de la eficiencia sobre el riesgo sistemático de las acciones de …

This paper analyzes the relationship between the dividend and debt policies, firm risk and the director’s ownership …. Firstly, the results show that the payment of dividends reduces the risk and the leverage, and increases the ownership …. Secondly, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive …

This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables … being founders, their tenure, their shareholding and the size of the board. Risk has been measured by the systematic and the … Spanish market. Results show that the fact of being founders and the accumulation of titles increases risk and the size of the …

for standard sample sizes. In an application to international government bonds, we detect a high tail{risk and low return … situation during the last decade which can essentially be attributed to increased higher{order tail risk. We also illustrate the … empirical consequences from ignoring higher-dimensional tail risk. …

Risk aversion and uncertainty are often both at play in market price determination, but it is empirically challenging …-the-counter markets that is shown to be empirically tractable. Based on high frequency data, we thus propose an evaluation of risk … uncertainty but raised risk aversion for all countries except Greece in a risk-pooling mechanism: this can therefore weaken the …

of a financial institution to systemic risk, the marginal expected shortfall (MES). The MES of an institution can be …

of a financial institution to systemic risk, the marginal expected shortfall (MES). The MES of an institution can be …