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Journal of Risk and Financial Management, Volume 16, Issue 4

April 2023 - 43 articles

Cover Story: Variance and correlation matrices contain a multi-dimensional array of numbers, representing all the information about individual variabilities and pairwise covariabilities; however, it is difficult to interpret them in a concise way. We propose a scalar measure of summarizing the volatilities and correlations in the variance (or correlation) matrix into a single number, which is desirable for easy interpretation of the overall variance (or correlation) in the multivariate system. The scalar measures can be useful tools in many research areas of economics. They can be applied to the issue of regional market comovements during the financial crisis, and they can also be practical tools for fund managers to produce clear measurements of portfolio diversification effects and risk. View this paper
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Articles (43)

  • Article
  • Open Access
8 Citations
5,769 Views
20 Pages

Bank Profitability Analysis in China: Stochastic Frontier Approach

  • Bingbing Shen,
  • Aleksandr Aleksandrovich Perfilev,
  • Lidiya Pavlovna Bufetova and
  • Xueyan Li

China’s banking system has a relatively high level of state control, while an important task in regulating the banking system is to manage the profitability of banks. Using the stochastic frontier approach to assess the profitability of commerc...

  • Article
  • Open Access
2 Citations
5,915 Views
11 Pages

With the increased globalisation and disruptions faced by businesses in this digital era and the occurrence of natural disasters such as floods and disease outbreaks in the world, supply chain risks and management of those risks are major challenges...

  • Feature Paper
  • Article
  • Open Access
2 Citations
2,619 Views
13 Pages

This paper tests the ability of the regulatory capital requirement to cover credit losses at default, as carried out by the economic (optimal) capital requirement in Tunisian banks. The common factor in borrowers that leads to a credit default is sys...

  • Review
  • Open Access
9 Citations
9,412 Views
18 Pages

Towards a Truly Decentralized Blockchain Framework for Remittance

  • Kevin Coutinho,
  • NeerajKumari Khairwal and
  • Pornpit Wongthongtham

Blockchain is a revolutionary technology that is constructively transforming many traditional industries, including financial services. Blockchain demonstrates immense potential in bringing substantial benefits to the remittance industry. Although th...

  • Article
  • Open Access
9 Citations
6,332 Views
13 Pages

Profiling Turkish Cryptocurrency Owners: Payment Users, Crypto Investors and Crypto Traders

  • Lennart Ante,
  • Florian Fiedler,
  • Fred Steinmetz and
  • Ingo Fiedler

With ownership estimates of up to 25%, Turkey is at the forefront of cryptocurrency adoption, rendering it an interesting example to study the proclaimed use cases of cryptocurrencies. Using exploratory factor analysis based on a sample of 715 Turkis...

  • Article
  • Open Access
3 Citations
5,330 Views
27 Pages

We investigate the relations between math anxiety, financial anxiety, and financial literacy while extending previous research in three ways. First, we examine the distinct subconstructs that comprise financial literacy (i.e., financial knowledge, co...

  • Article
  • Open Access
4 Citations
3,863 Views
12 Pages

Unveiling the Link between Corporate Board Attributes, Board Behavior, and Financial Leverage: Insights from Malaysia

  • Hussain Tahir,
  • Mahfuzur Rahman,
  • Md. Abdul Kaium Masud and
  • Mohammed Mizanur Rahman

The aim of this paper is to examine the characteristics and conduct of boards in non-financial Malaysian firms, with a particular emphasis on the companies’ financial leverage, using panel data spanning from 2012 to 2018. Overall, the study reveals t...

  • Article
  • Open Access
1 Citations
3,380 Views
21 Pages

Special Purpose Acquisition Companies (SPACs) are publicly listed “blank check” firms with a sole purpose: to merge with a private company and take it public. Selecting a target to take public via SPACs is a complex affair led by SPAC spo...

  • Article
  • Open Access
16 Citations
23,445 Views
23 Pages

In recent years, after the global financial crisis, the issue of credit risk management has received increased attention from international regulators. Credit risk management frameworks are often not sufficiently integrated within the organization, t...

  • Article
  • Open Access
1 Citations
2,451 Views
21 Pages

A panel data analysis of nonlinear financial growth dynamics in a macroprudential policy regime was conducted on a panel of 10 African emerging countries from 1985–2021, where there had been a non-prudential regime from 1985–1999 and a pr...

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J. Risk Financial Manag. - ISSN 1911-8074