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Risks, Volume 10, Issue 1

January 2022 - 22 articles

Cover Story: In standard approaches, the short-term rate reverts in an exponential manner to a mean level. This involves the rate process exponentially forgetting its sample path. In this article, we consider a novel alternative that consists of replacing this memory kernel by a Mittag–Leffler function with a sub-exponential decay. This feature reconciles the long-term persistence observed in nominal yields with the theoretical implications of mean reverting processes. View this paper
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Articles (22)

  • Article
  • Open Access
5 Citations
4,248 Views
20 Pages

4 January 2022

The risk-based capital (RBC) ratio, an insurance company’s financial soundness system, evaluates the capital adequacy needed to withstand unexpected losses. Therefore, continuous institutional improvement has been made to monitor the financial...

  • Article
  • Open Access
17 Citations
5,308 Views
18 Pages

3 January 2022

The application of industry 4.0 in banking presents many challenges, with several operational risks related to downtime and timeout services due to system failures. One of the operational risk management steps is to estimate the value of the maximum...

  • Article
  • Open Access
14 Citations
7,432 Views
24 Pages

Risk Information in Non-Financial Disclosure

  • Justyna Fijałkowska and
  • Dominika Hadro

3 January 2022

This paper aims to research the topics related to risk included in non-financial disclosure (NFD) of companies listed on the Warsaw Stock Exchange (WSE) and explore factors that influence the risk topics ratio in NFD. We applied a content analysis us...

  • Article
  • Open Access
1 Citations
3,720 Views
13 Pages

2 January 2022

The purpose of this paper is an analysis of the presence of self-selection mechanisms on the market that could bring the market closer to the separating equilibrium state, in line with the Rothschild–Stiglitz equilibrium model and its subsequen...

  • Article
  • Open Access
1 Citations
2,600 Views
13 Pages

1 January 2022

(1) Background: The coronavirus pandemic has highlighted the problem of combining work and private life. The pandemic conditions have turned out to be particularly difficult for parents who, due to changes in the organization of the education system,...

  • Article
  • Open Access
15 Citations
7,420 Views
30 Pages

Towards Sustainable Retirement Planning of Wageworkers in Thailand: A Qualitative Approach in Behavioral Segmentation and Financial Pain Point Identification

  • Chavis Ketkaew,
  • Martine Van Wouwe,
  • Ann Jorissen,
  • Danny Cassimon,
  • Preecha Vichitthamaros and
  • Sasichakorn Wongsaichia

1 January 2022

Thailand recently reached “aged” society status, signifying that over twenty percent of the population is over sixty. Considering that Thailand has a low literacy rate, a fractured pension system, and no regulations that could provide suf...

  • Article
  • Open Access
16 Citations
10,613 Views
15 Pages

An Analysis of the Financial Liquidity Management Strategy in Construction Companies Operating in the Podkarpackie Province

  • Grzegorz Zimon,
  • Joanna Nakonieczny,
  • Katarzyna Chudy-Laskowska,
  • Magdalena Wójcik-Jurkiewicz and
  • Konrad Kochański

29 December 2021

The activity of each construction company in conditions of high competitiveness is exposed to a number of risks that make it difficult to maintain high financial liquidity. In order to provide the continuity of ongoing economic processes and to be ab...

  • Article
  • Open Access
9 Citations
4,566 Views
20 Pages

Comparison of National Innovation Systems in the European Union Countries

  • Edyta Dworak,
  • Maria Magdalena Grzelak and
  • Elżbieta Roszko-Wójtowicz

29 December 2021

The effective operation of national innovation systems can be a source of many opportunities, but it cannot be forgotten that innovation in itself may mean limiting but also generating various types of risks for the functioning of the local market. T...

  • Article
  • Open Access
24 Citations
6,958 Views
20 Pages

AHP–TOPSIS Methodology for Stock Portfolio Investments

  • Jaime Alberto Vásquez,
  • John Willmer Escobar and
  • Diego Fernando Manotas

27 December 2021

This paper presents a methodology for making decisions in the stock market using the AHP-TOPSIS multi-criteria technique. The problem is related to the stock market’s investment process considering the criteria of liquidity, risk, and profitabi...

  • Article
  • Open Access
13 Citations
6,558 Views
23 Pages

mSHAP: SHAP Values for Two-Part Models

  • Spencer Matthews and
  • Brian Hartman

24 December 2021

Two-part models are important to and used throughout insurance and actuarial science. Since insurance is required for registering a car, obtaining a mortgage, and participating in certain businesses, it is especially important that the models that pr...

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Risks - ISSN 2227-9091