The distinction of risk vs uncertainty as made by Knight has important implications for policy selection. Assuming the …

This paper evaluates the impact of external financing on market risk for the listed firms in Vietnam's banking industry … changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and … changing leverage in 3 scenarios, we recognized the dispersion of risk level, measured by equity beta var, increases from 0 …

This paper employs weighted least squares to examine the risk-return relation by applying high-frequency data from four … returns and expected risk. However, by using quantile regressions, we find that the risk-return relation moves from negative … to positive as the returns’ quantile increases. A positive risk-return relation is valid only in the upper quantiles. The …

-order risk-seeking SD (RSD) alone for any two prospects is not sufficient to imply Omega ratio dominance insofar that the Omega … ratio of one asset is always greater than that of the other one. We extend the theory of risk measures by proving that the … preference of second-order SD implies the preference of the corresponding Omega ratios only when the return threshold is less …

nonelectronics subindex (NFNE) futures for cross hedging the price risk of stock sector indices traded on the Taiwan stock exchange … hedging strategy using only the NFNE futures. This shows the importance of hedging the global equity systematic risk of stock …

to explain cryptocurrency risk and return. …