A poor risk culture was one cause of the financial crisis. Surprisingly, there is no evidence of the link between risk culture and bank stability. Using a large sample of European banks from 2004 to 2014, our paper shows that a sound risk culture leads to better performance. Our research design...

This work aims to reconcile theory and practice, proposing a dynamic model of asset allocation that allows the creation, with the help of genetic algorithms, of reasonable portfolios for investors chasing a variety of objectives over multiple time horizons. Our results are interesting and...

This paper investigates the effect of media-talk on financial markets in response to COVID-19 news published by the Wall Street Journal (WSJ). Collecting data from the United States Centers for Disease Control and Prevention Center (CDC), we investigate the effect of WSJ's coverage and stress...