Purpose – This paper aims to provide a “biography” of sorts on Agricultural Finance Review. The paper tracks the evolution of Agricultural Finance Review from its introduction in 1938 to its current status. Design/methodology/approach – The paper is based on a complete review of every...

Recent and presumable future developments tend to increase the risks associated with farming activities. These include climate risks, which have always played an important role in farming. Weather-based instruments can be valuable tools to reduce the risk associated with unfavourable climate...

We suggest a joint optimization model for a firm’s hedging and leverage decisions that helps to establish an integrated framework for value creation. Rather than artificially separating the two interrelated parts of the firm’s financial policy, we treat both corporate decision variables as...

In today’s competitive environment the modern firm increasingly focuses on identifying, measuring and managing various risk exposures. Risk management is interwoven with the firm’s business strategy and impacts considerably on its competitive position. Thus, management should develop an...

In real economy any activity is growing up under uncertain and unsafe circumstances, providing a serious reason for the managers to develop the necessary means, in order to find the adequate solutions for each case and to diminish the negative impact upon the organisation. The risk and...

Nobel Laureate Harry Markowitz is often referred to as the 'founder of Modern portfolio theory' and deservedly so given his enormous influence on the money management industry.1 However, it is my contention that he should also be referred to as the 'founder of Modern Risk Management' since his...

We present an enterprise design pattern for managing metadata in support of financial analytics packages. The complexity of financial modelling typically requires deployment of multiple financial analytics packages, drawing data from multiple source systems. Business domain experts are typically...

In addition to a number of quantitative studies in this area, this study wants firstly to elaborate in a complementary qualitative way how internal auditors perceive their current role in risk management within the Belgian context where internal auditing is a relatively young profession....

This study investigates to what extent audit committees feel uncomfortable about risk management and internal control, and focuses on how internal audit can be the expert in providing comfort in these areas, building upon the sociology of professions literature. Four case studies reveal that...

In order to capture observed asymmetric dependence in international financial returns, we construct a multivariate regime-switching model of copula. We model dependence with one Gaussian and one canonical vine copula regime. Canonical vines are construted from bivariate conditional copulas and...