In this age of globalization, firms are automatically put into a more vulnerable position to risks. This affects both business operation of the firms and decision making process of stakeholders. Therefore, risk management and risk reporting is gaining more interest from business, as well as...

Political risk is one of the crucial factors influencing the operation of a country’s financial market as widely claimed by numerous studies. Many examples of the events which are considered as a political risk are the switch in regimen, a revolution, a coup incident, or a civil war. In...

This thesis is concerned with an examination of consumer purchases of life insurance. The problem is tackled in three main areas: first a theoretical examination of consumption, saving and bequest, based on the Yaari 'life-cycle' model of lifetime consumption. Secondly an analysis is developed...

Purpose – The purpose of this paper is to investigate and compare the weak-form efficiency of a set of 24 African continent-wide stock price indices and those of eight individual African national stock price indices. Design/methodology/approach – Variance-ratio tests based on ranks and...

The crisis in the UK financial services industry has led to retail banking customers treating transactions with growing scepticism. Retail banks are having to work very hard to regain customer trust. Despite recent research in marketing that acknowledges the importance of service loyalty to...

Due to the increasing risk of inflation and diminishing pension benefits, insurance companies have started selling inflation-linked products. Selling such products the insurance company takes over some or all of the inflation risk from their customers. On the other side financial derivatives...

Since 1998, large investment banks have become active as issuers of options, generally referred to as call warrants or bank-issued options. This has led to an interesting situation in the Netherlands, where simultaneously call warrants are traded on the stock exchange, and long-term call options...

As many more clinical trials collect economic information within their study design, so health economics analysts are increasingly working with patient-level data on both costs and effects. In this paper, we review recent advances in the use of statistical methods for economic analysis of...

Four different types of evaluation methods, cost-benefit analysis (CBA), cost-utility analysis (CUA), cost-effectiveness analysis (CEA) and cost-minimization analysis (CMA), are usually distinguished. In this note, we pronounce the (near) death of CMA by showing the rare circumstances under...

The relationship between industry and the financial system in the interwar years has been extensively discussed, almost always with a perspective of seeking to allocate some kind of blame for poor performance. This approach stems from two closely related fundamental positions. The first of...