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Risks, Volume 10, Issue 11

2022 November - 22 articles

Cover Story: A corporate socially responsible focused approach adds value to a firm in the form of financial benefits in addition to improving its corporate image. The research aims to identify the correlation between the CSR concept (significantly developed in recent years) and earnings management behavior. To ascertain the association between CSR and earnings/discretionary accrual levels or to describe the major changes in the development of these variables, several statistical techniques were applied. As this is a pioneering study in the Visegrad environment, the research findings may have significant policy implications for decision-makers, regulators, auditors, and investors in their efforts to restrict earnings management techniques and enhance the quality of financial reporting. View this paper
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Articles (22)

  • Article
  • Open Access
6 Citations
6,138 Views
29 Pages

An Overview of Security Breach Probability Models

  • Alessandro Mazzoccoli and
  • Maurizio Naldi

17 November 2022

Cybersecurity breach probability functions describe how cybersecurity investments impact the actual vulnerability to cyberattacks through the probability of success of the attack. They essentially use mathematical models to make cyber-risk management...

  • Article
  • Open Access
1 Citations
2,624 Views
23 Pages

17 November 2022

This paper proposes a two-step LASSO based vector autoregressive (2-LVAR) model to forecast mortality rates. Within the VAR framework, recent studies have developed a spatial–temporal autoregressive (STAR) model, in which age-specific mortality...

  • Feature Paper
  • Article
  • Open Access
1 Citations
2,073 Views
21 Pages

17 November 2022

This paper introduces a model for intraday copper futures prices based on a stochastic differential equation (SDE). In particular, we derive an SDE that fits the model to the data and that is based on the whitening filter approach, a method character...

  • Article
  • Open Access
3 Citations
3,456 Views
35 Pages

16 November 2022

In this paper, we investigated rates of admission to hospitals (or other health facilities) due to respiratory diseases in a United States working population and their dependence on a number of demographic and health insurance-related factors. We emp...

  • Article
  • Open Access
3,078 Views
21 Pages

Classifying Insurance Reserve Period via Claim Frequency Domain Using Hawkes Process

  • Adhitya Ronnie Effendie,
  • Kariyam,
  • Aisya Nugrafitra Murti,
  • Marfelix Fernaldy Angsari and
  • Gunardi

14 November 2022

In this paper, the insurance reserve period will be classified according to the claim frequency domain, such as high- or low-frequency periods. We use the clustering method to create and group claims data according to their frequency period. Meanwhil...

  • Article
  • Open Access
7 Citations
4,368 Views
31 Pages

Dynamic Connectedness between Indicators of the Ghana Stock Exchange Returns and Macroeconomic Fundamentals

  • Anthony Adu-Asare Idun,
  • Emmanuel Asafo-Adjei,
  • Anokye Mohammed Adam and
  • Zangina Isshaq

11 November 2022

The performance of the Ghana Stock Exchange (GSE) over the years has been susceptible to both crises and country-specific factors reflected in its macroeconomic fundamentals. Accordingly, the GSE composite index (GSECI) has experienced rapid fluctuat...

  • Article
  • Open Access
6 Citations
5,178 Views
12 Pages

Financial Risk and Profitability Management in Russian Insurance Companies in the Context of Digitalization

  • Sergey Viktorovich Ilkevich,
  • Ekaterina Yevgenievna Listopad,
  • Natalya Vladimirovna Malinovskaya,
  • Polina Petrovna Rostovtseva,
  • Nataliya Nikolaevna Drobysheva and
  • Andrei Viktorovich Borisov

11 November 2022

The dynamics of the financial reliability of insurers show rather unstable and often unfavorable trends, which indicate an increase in the risks of their financial insecurity and requires searching for reserves to improve their financial condition in...

  • Article
  • Open Access
17 Citations
5,250 Views
16 Pages

9 November 2022

The PRISM method is a risk assessment approach that focuses on hidden-risk identification and ranking. The combined AHP-PRISM method was created for strategic assessments based on pairwise comparisons. The PRISM and AHP-PRISM methods have remarkable...

  • Article
  • Open Access
2 Citations
7,380 Views
21 Pages

Trading Binary Options Using Expected Profit and Loss Metrics

  • Johannes Hendrik Venter and
  • Pieter Juriaan De Jongh

8 November 2022

Trading in binary options is discussed using an approach based on expected profit (EP) and expected loss (EL) as metrics of reward and risk of trades. These metrics are reviewed and the role of the EL/EP ratio as an indicator of quality of trades, ta...

  • Article
  • Open Access
1 Citations
2,595 Views
20 Pages

8 November 2022

We consider a defined-contribution (DC)-pension-fund-management problem under partial information. The fund manager is allowed to invest the wealth from the fund account into a financial market consisting of a risk-free account, a stock and a rolling...

  • Article
  • Open Access
4 Citations
6,301 Views
11 Pages

Related Party Transactions and Firm Value in Indonesia: Opportunistic vs. Efficient Transactions

  • Trisninik Ratih Wulandari,
  • Doddy Setiawan and
  • Ari Kuncara Widagdo

4 November 2022

Related party transactions (RPT) are a common transaction conducted among companies and are the focus of the business world today. The purpose of this study is twofold, as follows: first, to provide empirical evidence for whether the RPT of related p...

  • Feature Paper
  • Article
  • Open Access
83 Citations
7,644 Views
16 Pages

The Dynamic Connectedness between Risk and Return in the Fintech Market of India: Evidence Using the GARCH-M Approach

  • Mukul Bhatnagar,
  • Ercan Özen,
  • Sanjay Taneja,
  • Simon Grima and
  • Ramona Rupeika-Apoga

3 November 2022

Fintech allows investors to explore previously unavailable investment opportunities; it provides new return opportunities while also introducing new risks. The aim of this study is to investigate the relationship between risk and return in the fintec...

  • Article
  • Open Access
11 Citations
9,715 Views
12 Pages

31 October 2022

Financing is the main source of Islamic bank income as a financial intermediary that will contribute to the bank’s profitability. There are two financing schemes, namely profit–loss-sharing financing and nonprofit–loss-sharing finan...

  • Article
  • Open Access
9 Citations
6,321 Views
24 Pages

31 October 2022

The motivation for this study was a new context associated with the increased cyclical nature of the economy and, accordingly, the increased financial risks of the business, which complicated the implementation of corporate social responsibility. The...

  • Feature Paper
  • Article
  • Open Access
6 Citations
4,091 Views
19 Pages

26 October 2022

We provide an axiomatic foundation for the measurement of correlation diversification in a one-period portfolio model. We propose a set of eight desirable axioms for this class of diversification measures. We name the measures satisfying these axioms...

  • Article
  • Open Access
2 Citations
4,774 Views
13 Pages

26 October 2022

We analyse four stochastic claims reserving methods in terms of their capability to estimate reserve risk and how successful they are at predicting distributions and VaRs of claim developments in particular. Both actual data and hypothetical claim tr...

  • Article
  • Open Access
21 Citations
4,601 Views
14 Pages

25 October 2022

A corporate socially responsible-focused approach adds value to a firm in the form of financial benefits in addition to improving its corporate image. To meet the demands of various stakeholders, including consumers, employees, and shareholders, and...

  • Article
  • Open Access
15 Citations
2,719 Views
20 Pages

Bivariate Copulas Based on Counter-Monotonic Shock Method

  • Farid El Ktaibi,
  • Rachid Bentoumi,
  • Nicola Sottocornola and
  • Mhamed Mesfioui

24 October 2022

This paper explores the properties of a family of bivariate copulas based on a new approach using the counter-monotonic shock method. The resulting copula covers the full range of negative dependence induced by one parameter. Expressions for the copu...

  • Article
  • Open Access
1 Citations
2,682 Views
13 Pages

24 October 2022

Introducing uncertainty under fiscal sustainability conditions for the public debt provides a framework for analyzing debt dynamics. Such methods are commonly used for fiscal projections, but our aim here is retrospective; we evaluate the sudden jump...

  • Feature Paper
  • Article
  • Open Access
7 Citations
3,615 Views
14 Pages

Modeling Under-Reporting in Cyber Incidents

  • Seema Sangari,
  • Eric Dallal and
  • Michael Whitman

22 October 2022

Under-reporting in cyber incidents is a well-established problem. Due to reputational risk and the consequent financial impact, a large proportion of incidents are never disclosed to the public, especially if they do not involve a breach of protected...

  • Feature Paper
  • Article
  • Open Access
12 Citations
5,802 Views
28 Pages

22 October 2022

In this research study, we show how existing approaches of using generative adversarial networks (GANs) as economic scenario generators (ESG) can be extended to an entire internal market risk model—with enough risk factors to model the full ban...

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Risks - ISSN 2227-9091