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The world financial system in the last 5 years is in a phase of increased instability. The events of 2008 have shown that the bankruptcy of major financial institutions have significant risks for the economy and society. Despite significant measures of quantitative easing and buy-out of problem...
Persistent link: https://www.econbiz.de/10010819677
are at the greatest risk, with the heaviest toll on low- and lower-middle-income economies. These catastrophes threaten …
Persistent link: https://www.econbiz.de/10010820127
availability, knowledge and education, risk preferences, profitability, and credit constraints receiving much attention. This paper … explored in panel data for Ethiopia. Historical rainfall distributions are used to identify the counterfactual consumption risk …
Persistent link: https://www.econbiz.de/10010820325
Algerian State-Owned Firms operate. These environments are qualified by "uncertainty" given the instability of the different …
Persistent link: https://www.econbiz.de/10010820545
This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each final or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this...
Persistent link: https://www.econbiz.de/10010821246
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a …-strategic uncertainty and for beliefs on others' competitiveness and ability. Social image matters, as evidenced by the fact that seniors … stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010821398
Current methods of risk management focus on efficiency and do not provide operational answers to the basic question of … how to optimise and balance the two objectives, maximisation of expected income and minimisation of risk. This paper uses … the Capital Asset Pricing Model (CAPM) to derive an operational criterion for the optimal risk management of firms. The …
Persistent link: https://www.econbiz.de/10010822719
for representing uncertainty and analysing risk management in agriculture. It is shown how historical farm account data …The importance of risk management increases as farmers become more exposed to risk. But risk management is a difficult … topic because income risk is the result of the complex interaction of multiple risk factors combined with the effect of an …
Persistent link: https://www.econbiz.de/10010822721
' adoption choices are affected by profit and risk considerations and by credit and biophysical constraints. New technologies …
Persistent link: https://www.econbiz.de/10010823033
of risk analysis was used to select twelve Hungarian local governments for an examination of the design and operation of …
Persistent link: https://www.econbiz.de/10010826231