Prediction markets have emerged fairly recently as a promising forecasting mechanism to handle efficiently the dynamic aggregation of dispersed information among various agents. The interest that this mechanism attracts seems to be increasing at a steady rate, in terms of both business interest...

Banking system in Iran in recent years faced an increasing growth in deferred debts; which one of most obvious effects of deferred debts outbreak is creating disruption in the correct and timely circulation money in the system and in fact creating disruption in the vital artery of bank which in...

In recent years the CSR has been a mainstream to the organization’s activities. CSR considers society, environment and ethics in making strategy that can secure economic and competitive advantage of the organizations. CSR takes care of the interest of all stakeholders, rather than that of the...

The papers in this special issue of Mathematics and Computers in Simulation are substantially revised versions of the papers that were presented at the 2011 Madrid International Conference on “Risk Modelling and Management” (RMM2011). The papers cover the following topics: currency hedging...

This study presents the systematic of the types of investment risk in the real estate market and its characteristics. Furthermore, the study compares the risk components with the forms of investing, particularly in terms of real estate market. The comparison of different classifications of risks...

This paper aims to investigate the impact of the global financial crisis on the young Romanian market of derivative securities. It also describes the recent developments within Romanian capital market, in general, with focus on innovation in the field of derivative products.

Purpose – The purpose of this paper is to provide a scenario-based risk measure for a portfolio of European-style derivative securities over a fixed time horizon under the regime switching Black-Scholes economy. Design/methodology/approach – The risk measure is constructed by using the...

Purpose – The Basel II Accord requires that banks and other authorized deposit-taking institutions (ADIs) communicate their daily risk forecasts to the appropriate monetary authorities at the beginning of each trading day, using one or more risk models to measure value-at-risk (VaR). The risk...

This article constructs triple-difference tests around shifts in the supply of risk management instruments available to agricultural producers to reveal a positive relation between risk management and productivity. This relation is more robust when producers adopt instruments with payoffs linked...

We develop a dynamic model of investment, capital structure, leasing, and risk management based on firms' need to collateralize promises to pay with tangible assets. Both financing and risk management involve promises to pay subject to collateral constraints. Leasing is strongly collateralized...