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between unlimited liability and higher taxes would reveal important information about internal risk assessments, reduce public …
Persistent link: https://www.econbiz.de/10012927870
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It has been said that insurance is the last of the financial services to accept radical change (Denney [1995-1996]). Yet there has been a fundamental shift in the geographic location and in the organization of the reinsurance industry in the last six years (Chichilnisky [19966]). Global...
Persistent link: https://www.econbiz.de/10005260252
-surplus regions suggest that in situations where all producers are subjected to a common source of risk (e.g. rainfall): I …
Persistent link: https://www.econbiz.de/10005616632
elements of the natural environment prevail.Secondly, it identifies and assesses the efficiency and complementarities of …
Persistent link: https://www.econbiz.de/10013311448
the uncertainty about the risks in question, and involve three trade-offs: innovation vs. risk avoidance; liability vs …. collective risk sharing; and equity vs. practicable claims settlement. We study two highly instructive examples: nuclear …
Persistent link: https://www.econbiz.de/10013238200
industry. We look at how conditional conservatism affects insolvency risk and the financial strength rating of property … board oversight of internal risk management. Our result provides evidence that complying with additional disclosure …
Persistent link: https://www.econbiz.de/10012826769
credit-risk models, a sufficiently low asset value, is also described by a low ratio of the equity price to the firm …
Persistent link: https://www.econbiz.de/10012856484
insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting …
Persistent link: https://www.econbiz.de/10012614542
investing within the well-known risk-return paradigm. From the viewpoint of ex-ante equity risk premium (ERP), the five factor …-related systematic risk, ii) the exposure to ESG-related systematic risk is significantly priced in the market, and iii) equity funds …
Persistent link: https://www.econbiz.de/10013252157