Ethical awareness is growing and the word itself seems to be spreading to all walks of life. In medicine and economics a myriad of ethical committees have sprouted in an attempt to control the potential excesses of science or business transactions. How can one explain this craze for a word that...

This paper presents Peak Over Threshold's method and the generalized Pareto distribution of extreme value theory to measure Value at Risk and Expected Shortfall for CAC 40 and S&P 500 indexes during the 2008 financial crisis. We consider 1 day, 5 days and 10 days time horizons. The results of...

Purpose: The purpose of this study is to examine the relationship between corporate social responsibility (CSR) and the default risk level of firms operating in the Eurozone and how CSR can provide insurance-like protection during financial/economic downturns. Design/methodology/approach: Based...