demonstrated in a costly state verification model with a risk averse entrepreneur. The prospect of disputes encourages incentive …

-run, respectively. Hence, we argue that markets and banks exhibit competitive interaction in favour of markets in Nigeria. Additionally … a particular focus on banks and markets. The findings of this research reveal that the role of markets on economic … growth is superior to banks in Nigeria. Hence, banks and markets are competitive. Additionally, our empirical findings …

Purpose: The purpose of this paper is to analyze the efficiency loss due to incomplete financial markets when risk is …

We develop a new approach to the decomposition of income risk within a non- stationary model of intertemporal choice …. The approach allows for changes in in- come risk over the life cycle and across the business cycle, allowing for mixtures … environment is used to show the robustness of the method for decomposing income risk. The approach is used to investigate the …

increases crash risk in developed and emerging markets, while it decreases crash risk in frontier markets. This paper not only …This study aims to examine the effect of investor sentiment on stock market crash risk in the Asia-Pacific region. The … Quantile Regression (MMQR) is used to analyze monthly data of 16 Asia-Pacific stock markets. The findings show that investor …

Systematic risk cannot be controlled by business managers and cannot be eliminated by portfolio diversification ….Factors related to the systematic riskmay be interest rate, inflation, exchange rate, market risk, and politics.Systematic risk may … also mean the magnitude of the correlation between stock price and market return. The measure of this risk is the beta …

/18/2020. Results showed that stock markets were highly connected during the entire period, but the dynamic spillovers reached … unprecedented heights during the COVID-19 pandemic in the first quarter of 2020. Moreover, we found that the European stock markets … (except Italy) transmitted more spillovers to all other stock markets than they received, primarily during the COVID-19 …

Recent theoretical developments in economics distinguish between risk and ambiguity (Knightian uncertainty). Using …

In this paper, we investigate how climate risk impacts the sovereign risk, the stock market evolution, and the degree … as a percentage of GDP. Moreover, the climate risk leads to an increase in sovereign risk only across inferior quantiles … competitiveness of a country is influenced to a small extent by the level of climate risk. This could be a consequence of concerns …