While discussing risk issues someone told me as a joke that she wished the world were riskless and the fact that risk … necessity of risk. In this brief paper I provide an intuitive and straightforward explanation of the reason why a riskless world …

The possibility to minimize volatility of the systematic risk while maximizing returns, is the use of an optimized buy … investments in leveraged portfolios also. The approach seems to modify the meaning of "nondiversifiable-risk" of the market risk …

dynamic trading strategy based on the sponsor's shares.The paper "Managing Sponsor Risk in Pension Plans: Dynamic Strategies …

We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …

This paper examines whether and to what extent exposure to climate risk affects the deployment of corporate resources … to working capital. Using a large sample of listed US firms, we find that exposure to climate risk is negatively … difficulties. These findings suggest that climate risk pressures firms to release unnecessary resources allocated to working …

-Carlo simulation is employed to estimate the risk of failing to pay due liabilities. The simulation results allow us to set a safety …Specially in the case of scenarios under uncertainty, the efficient management of risk when matching assets and … maximises the overall benefit over a time horizon. To solve this stochastic optimisation problem, a simulation …

This study analyzes a sample of initial public offerings (IPOs) to examine the sources of firm-specific risk associated … risk factors related to operating profit margins and ongoing sales generation, but not operational financing. The results … also indicate that venture-backed IPOs are associated with greater reductions in firm-specific risk over the course of a …