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Risks, Volume 11, Issue 4

April 2023 - 15 articles

Cover Story: Studying almost thirty years of quarterly underwriting data, this research challenges the question of existence and the predictability of underwriting cycles in the U.S. property and casualty insurance industry. There exists a hidden periodic component in annual aggregated loss ratios, supporting an underwriting cycle length of 8–9 years. The analysis suggests that reliable forecasts can be achieved net of the irregular major peaks in loss distributions that arise from hurricanes, other natural catastrophes, and unusual “black swan” events. View this paper
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Articles (15)

  • Article
  • Open Access
8 Citations
3,502 Views
22 Pages

The Nexus of Competition, Loan Quality, and Ownership Structure for Risk-Taking Behaviour

  • Syed Moudud-Ul-Huq,
  • Md. Abdul Halim,
  • Farid Ahammad Sobhani,
  • Ziaul Karim and
  • Zinnatun Nesa

29 March 2023

“The core purpose is to explore the relationship between competition, loan quality, ownership structure, and risk for MENA economies.” In addition, this study examines the financial stability level of dual banking and explores the bidirec...

  • Article
  • Open Access
1,961 Views
16 Pages

28 March 2023

Our study investigates the optimal dividend strategy for a bank, taking into account the potential for government capital injections. We explore different types of government interventions, such as liberal, transparent, or uncertain strategies, and c...

  • Article
  • Open Access
5 Citations
6,956 Views
23 Pages

27 March 2023

This article assesses the effects of economic uncertainty on the corporate capital structure of Chinese-listed firms using a panel dataset of 1138 firms with A-shares traded on the Shanghai Stock Exchange and Shenzhen Stock Exchange for the period 20...

  • Article
  • Open Access
10 Citations
7,164 Views
24 Pages

A Comparison of Competing Asset Pricing Models: Empirical Evidence from Pakistan

  • Eleftherios Thalassinos,
  • Naveed Khan,
  • Shakeel Ahmed,
  • Hassan Zada and
  • Anjum Ihsan

24 March 2023

In recent years, the rapid and significant development of emerging markets has globally led to insight from potential investors and academicians seeking to assess these markets in terms of risk inheritance. Therefore, this study aims to explore the v...

  • Article
  • Open Access
1 Citations
2,202 Views
16 Pages

Asymptotic Expected Utility of Dividend Payments in a Classical Collective Risk Process

  • Sebastian Baran,
  • Corina Constantinescu and
  • Zbigniew Palmowski

23 March 2023

We find the asymptotics of the value function maximizing the expected utility of discounted dividend payments of an insurance company whose reserves are modeled as a classical Cramér risk process, with exponentially distributed claims, when the initi...

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Risks - ISSN 2227-9091