the study, we argue that the risk facing market participants comes not from the rational speculative bubble given its …

Risk and transaction costs often provide competing explanations of institutional outcomes. In this paper we argue that … cost explanation, suggesting that risk matters less because insurance can be obtained in a variety of ways. …

the fund company to use its judgment to maximize risk-adjusted fund returns. A fund company, however, in its desire to …

been redefined as risk, which has further been redefined as virtual certainty. Hence, by adding assumptions and …

frustrating experience for Neoclassical economists. Studies have focused on the role of risk, but thus far no one has been able to … one can devise a comprehensive explanation of UIRP--an explanation that shows that much more than risk is responsible for …

-validation for estimator selection and minimizing over subsets of basis functions the empirical risk of the subset-specific estimator …/substitution/addition algorithm for minimizing over subsets of variables (e.g., basis functions) the empirical risk of subset-specific estimators of …

drivers and their determinants. Three value drivers are defined: profitability, growth and risk. The determinants include … leverage effect of debt on risk behaviour in FOFs was supported by the evidence. Finnish FOFs have increased return on equity … at the expense of increased risk caused by additional debt. …