Purpose – This paper aims to evaluate the effect of risk on the financial policy of emerging market firms. Design/methodology/approach – Using data from 34 emerging markets during a 17‐year period, 1990‐2006, a panel data model is employed for the analysis. Findings – The results of...

Purpose – The primary objective of the paper is to demonstrate the importance of borrower‐specific characteristics as well as local situation factors in determining the demand prospect as well as the risk of credit loss on residential housing loan repayment behavior in India....

Purpose – This paper aims to examine the pricing effects of risks conditional on market situations. Design/methodology/approach – The model used to test for the conditional pricing effects of risks is a modified version of Pettengill et al. 's cross‐sectional regression model, based on...

Discusses how stability has become a value of civilisation and supposedly an effect of global interconnectedness, though the terrorist attacks of 2001 indicate that destabilisation is also possible. Explores the nature of stability, how it relates to the global financial system and to the rule...

Purpose – This paper aims to examine what is meant by economically motivated crime (ECM) and to look at the typologies of offences considered to fall into this category, to analyse the effects of ECM on financial services business and assess the efficacy of steps taken by law enforcement and...

Purpose – The purpose of this paper is to discuss the subject of politically exposed persons (PEPs) and some of the major issues associated with them. PEPs as a specific category are receiving increased attention from governments, law enforcement agencies and international organisations such...

Purpose – The purpose of this paper is to try to show how to manage risk by the use of “value at risk (VaR) concept” with Monte Carlo Simulation (MCS) technique in stock exchanges. Design/methodology/approach – The paper uses MCS technique in calculation of VaR in different set of stock...

Purpose – The purpose of this paper is to highlight the benefits of alternative, business‐based approaches to tackling the trade in counterfeit goods. Design/methodology/approach – The findings in the paper are based on over six years of personal experience in the brand protection...

Purpose – The purpose of this paper is to explore and examine, in a systematic manner, possible preventive measures that commercial parties can take in order to prevent or reduce documentary letter of credit (L/C) fraud in international transactions. Design/methodology/approach – In the...

Purpose Government institutions in Indonesia have implemented an integrity system as a strategy to prevent fraud and corruption by integrating the risk management and organizational ethics. This integration is important to increase the awareness of fraud in the organization. Based on...