The authors use a contingent claims analysis model to calculate the idiosyncratic risks in Leveraged Buyout transactions.

This paper empirically investigates the stock price dynamics implied by the valuation model proposed by Schwartz and Moon (2001) for growth companies. We test the hypothesis that the inherent stochastic process for the firm equity value better describes the actual dynamics than standard...

This study analyzes bank margins in the German secondary market for exchange‐traded structured financial products, with particular emphasis on the influence of banks' credit risk. A structural model allowing for the incorporation of correlation effects between market and credit risk is applied...

Option-implied betas are a promising alternative to historical beta estimators, because they are inherently forward-looking and can incorporate new information immediately and fully. Recently, different implied beta estimators have been developed in previous literature, but very little is known...

Cover -- EDITORIAL ADVISORY BOARD -- Roles and actors in risk governance -- Cognitive risk culture and advanced roles of actors in risk governance: a case study -- Impact of underwriting insurance risk on bank holding company behavior -- Does firm performance increase with risk-taking behavior...