This paper evaluates the impact of external financing on market risk for the listed firms in Vietnam's banking industry … estimate asset and equity beta of total 9 listed companies in Vietnam banking industry with a proper traditional model, we … changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and …

This study estimates market risk of total 45 listed companies in Viet Nam public utilities, natural gas and oil …, of total listed firms, with beta values lower than (<) 1, meaning with lower risk, and the systemic risk is acceptable … fluctuating more than the market benchmark. Thirdly, among three (3) groups, the systemic risk in the electric power industry is …

In this study, we examine the effect of social capital on stock price crash risk. We find that firms headquartered in U ….S. counties with higher levels of social capital exhibit lower levels of future stock price crash risk. This finding is … causal effect of social capital on stock price crash risk. Additionally, we find that the influence of social capital on …

In a tractable stochastic volatility model, we identify the price of the smile as the price of the unspanned risks … traded in SPX option markets. The price of the smile reflects two persistent volatility and skewness risks, which imply a … downward sloping term structure of low-frequency variance risk premia in normal times. In periods of distress, the term …

sector of Pakistan. For this purpose, seven bank-specific explanatory variables (capital adequacy, management efficiency …

We propose a model of bank monitoring and borrower financial misreporting. Using the staggered liberalization of the … improved bank monitoring reduces financial misreporting …