In this paper we apply the Fama French (FF) three-factor (3F) and five-factor (5F) models to the CDS market. By converting daily CDS spreads into daily returns we are able to perform tests on the FF 3F and 5F models. Our results provide evidence that both 3F and 5F models can be extended to the...

Purpose: This paper aims to examine whether risk disclosure practices affect stock return volatility and company value in the European insurance industry. Design/methodology/approach: Using a self-constructed “risk disclosure index for insurers” (RDII) to measure the extent of information...

Purpose The purpose of this paper is to add to the growing literature on integrated thinking and reporting by exploring the challenges of measuring integrated thinking in academic research. It provides a review of previous studies, presents a proxy measure to quantify the level of integrated...

Companies face a wide number of risks and need to have in place appropriate measures and techniques to be able to identify, manage, and monitor risks. Risk management is a fundamental responsibility of the corporate governance structure of an organization; it means managing all risks on a...