obligations that arise for the Company to determine the pricing of the products and the underwriting policies for the risk …

disclosure choices. CDSs enable lenders to hedge their credit risk exposure, weakening their incentives to monitor borrowers. We … disclosure when (1) lenders have higher ability and propensity to hedge credit risk using CDSs, and (2) lender monitoring …

Model, to identify the risk factors discussed in 10-Ks. We apply this algorithm to a US REIT sample between 2005 and 2019 to … assess whether the probability of appearance of the extracted risk factors helps to explain the perceived risk on the stock … market. We find that the majority of risk factors is significantly associated with volatility indicating that our machine …

Managers are required to disclose material climate risk (CR) in Form 10-K, but their decision whether or not to … whether the association between disclosing CR in 10-Ks and firm risk (proxied by cost of equity (COE)) varies with market …

Motivated by individuals' emotional response to risk at different time horizons, we model an 'anxious' agent - one who … is more risk averse with respect to imminent risks than distant risks. Such preferences describe well-documented features … structure of risk premia, which are found empirically. Since such preferences can lead to dynamic inconsistencies with respect …

according to the CAPM has most risk? One answer is that as far as risk goes the two assets are the same, because they have the … overlooked, is that investments have the same risk, the same returns beta and the same CAPM discount rate if and only if they … that surrounds capital budgeting and "risk adjusted" discount rates, while also displaying the mechanics by which …

A critical problem in risk analysis involving financial variables is the calculation of risk margins. When there are a … number of risks, the total risk margin is often reduced to reflect "diversification benefits." How large should the …

We model an ‘anxious' agent as one who is more risk averse with respect to imminent risks than with respect to distant … relaxing the restriction of constant risk aversion across horizons and show that it generates rich implications. We first apply … dynamic inconsistency in intratemporal risk-return tradeoffs …

We develop a utility and asset pricing theory that features a novel measure of tail risk. Our model determines investor … demand for both left and right-tail risk premia from an indifference curve incorporating tolerance for variance and tail risk …. We show that the systematic tail risk factors determined by market co-tail-variabilities on individual assets are …

higher degree of integration of risk management and strategic management. Management accounting helps make risk … enterprises in Ukraine in war conditions: the risk of increased costs, reduced income, the risk of inability to repay obligations …, loss of customers, non-payment of receivables, loss of asset value, risk of unprofitability, reduction of business and …