–making that requires a trade-off between expected return and risk, as well as for applications in asset pricing and risk …–regime and Markov-switching GARCH (MSGARCH) models, from a risk management perspective. I find that, for daily, weekly, and ten …-day equity log-returns, MSGARCH models yield more accurate Value-at-Risk, Expected Shortfall, and left–tail distribution …

-regulation on stock returns and equity risk of affected companies. The focus is therefore laid on the the (renewable) energy sector … valuation and their perception of risk. In addition, it can be shown that positive announcements lead to a positive effect while … regulatory changes requires a combined consideration of risk and return effects. Otherwise the results for the impact on a whole …