This paper deals with the competencies of risk management professionals for assessing risk. Often such risk experts …, from a management perspective it is important to know the risk assessment competencies of these professionals and to know … how these could be biased. Or research focuses on the competencies of these risk management professionals and how they …

Under conditions of radical uncertainty, risk sharing renders financial systems anti-fragile. Our goal in this paper is … to show that risk-sharing Islamic finance (RSIF) shares the characteristics defined by Taleb for an anti-fragile system …, by mapping some characteristics of anti-fragility onto those of risk-sharing Islamic finance. A key insight around which …

I analyze a firm making a decision of whether to expose itself to risk in an exogenous parameter when the firm can … campaign. I show that in many cases the firm wants to expose itself to risk and I outline general conditions that need to be … characterization, and show that in many cases both firms want to expose themselves to risk, as long as the risks are not too positively …

This study quantifies and decomposes the impact of increasing firm risk on different production factors. We find that a … one standard deviation increase in firm-level risk reduces the total output growth rate of a firm by 1.19 percentage … and only 2% is from slower capital growth. We provide the first evidence of the relationship between firm risk and firm …

We introduce and study the main properties of a class of convex risk measures that refine Expected Shortfall by … adjusted Expected Shortfalls quantify risk as the minimum amount of capital that has to be raised and injected into a financial … probability level p\in[0,1]. Through the choice of the benchmark risk profile g one can tailor the risk assessment to the specific …

The forward-looking nature of option market data allows one to derive economically-based and model-free risk measures … classical risk measures for the S&P500 Index. Delivering good results both at short and long time horizons, the proposed option …-implied risk metrics emerge as a convenient alternative to the existing risk measures …

We introduce a class of quantile-based risk measures that generalize Value at Risk (VaR) and, likewise Expected … probability of occurrence. The corresponding risk measure, called Loss VaR (LVaR), determines the minimal capital injection that … and applications to capital adequacy, portfolio risk management and catastrophic risk are presented …

between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … to their own firm and by reducing firm-level risk-taking. Furthermore, our results support the hypothesis that CEO risk …

Project finance investments are highly exposed to inflation risk, especially if they are financed by foreign debt and … located in developing countries with volatile currencies. In Public Private Partnerships, inflation risk may be mostly born by … order to rebalance shifting risk sharing. Prompt monitoring and resilient contractual design ease inflation risk detection …

Purpose: This research aims to present a Tourism Risk Index (TRI) for risk analysis at tourism destinations that can … act as a usable tool to accurately capture the perception of risk by tourists. Methods: The TRI for this study is … safety, natural risk, cultural risk, and human-induced risk. Implications: Destination managers would have promoted Kashmir …