The influence of external organizations and pressures on business risk management practices has hitherto been examined through the influence of state regulatory regimes on businesses. This article concentrates on key socio-legal concerns about the influence of the law in social and economic...

Using a unique proprietary dataset of primary insurers and reinsurers, we analyze the structure of the reinsurance market. The dataset, which spans six years, contains the quotes for different reinsurance layers, for different clients, for different treaties, and for different lines of business....

This paper explores the impacts of traditional agricultural insurance that offers protection against climatic shocks on small-scale tobacco farmers in Colombia. We analyze the impacts of access to the insurance on household financial outcomes after a period of severe climatic events that caused...

The climate of the Philippines is highly influenced by the El Nino Southern Oscillation (ENSO). El Nino is associated with an increased chance of drier conditions and La Nina is associated with an increased chance of wetter conditions. Changes in rainfall are associated with changes to tropical...

The papers in this special issue come from the project "Bridging the gap between seasonal climate forecasts (SCFs) and agricultural decisionmakers in the Philippines and Australia" funded by the Australian Centre for International Agricultural Research (ACIAR). In addition to national and...

La ricerca esamina l’incertezza e il rischio, quali condizioni fondamentali per l’Economia Aziendale e l’Economia più in generale, seguendo un approccio ontologico fondato sulla storia contemporanea. La differenza tra incertezza e rischio è tema centrale di discussione sia in dottrina,...

Risk and uncertainty are well"recognized features of modern, dynamically changing societies. They penetrate social development mechanisms and become an integral part of social reality. Risks are felt particularly acutely by the youth as an objective part of life. Fundamental theoretical research...

Groundwater resources are traditionally overexploited in arid and drought-prone regions with profitable irrigated agriculture, and the depletion of this groundwater results from a combination of the physical scarcity of surface sources and the lack of effective control of use rights on the part...

Extreme events occur rarely, but these are often the circumstances where an insurance coverage is demanded. Given the first, say, n moments of the risk(s) of the events, one is able to compute or approximate the tight bounds for risk measures in the form of E(ψ(x)) through semidefinite...

We propose a simple analytical framework to measure the value added or subtracted by stop-loss rules—predetermined policies that reduce a portfolio’s exposure after reaching a certain threshold of cumulative losses—on the expected return and volatility of an arbitrary portfolio strategy....