The paper deals with the renewal risk model. A precise large deviation result in the case of subexponential claim sizes is proved. As a special case, the example of Pareto distributed claim sizes and inter-occurrence times is investigated.

This paper deals with the asymptotic behavior for the tail probability of randomly weighted sums of subexponential random variables under a dependence structure, where the random weights and the corresponding summands are dependent.

In this paper, we consider the randomly weighted sum S2Θ=Θ1X1+Θ2X2, where the two primary random summands X1 and X2 are real-valued and dependent with long or dominatedly varying tails, and the random weights Θ1 and Θ2 are positive, with values in [a,b], 0a≤b∞, and arbitrarily...

We examine the association between audit quality and the use of collateral in a sample of Chinese firms from 2005 to 2011. Using the full sample, we document a negative relationship between audit quality and the use of collateral that is consistent with lenders’ interests. We also show that...