Risks, Volume 13, Issue 1

Asset accumulation in later life is a pressing issue in Japan due to the growing gap between life expectancy (87.14 years for women, 81.09 years for men in 2023) and the retirement age (65 or less). This gap heightens financial insecurity, emphasizin...

In this paper, we provide empirical evidence of the market price of risk for delivery periods (MPDP) of electricity swap contracts. The MPDP enables an accurate pricing of such contracts in the presence of the delivery period such that the typical ap...

This research aims to examine the drivers of earnings quality (EQ) in emerging stock markets. By testing the impact of firm attributes and ownership structures on the level of earnings quality. The research followed a mixed-method approach (qualitati...

This paper analyzes the possibility of creating worker cooperatives in which members are paid not through wages but through dividends calculated on the organization’s residual income, as stipulated by the economic theory of the labor-managed fi...

This paper introduces a tontine-like annuity fund designed to provide lifelong income to its participants. Initially, each member contributes a lump-sum payment into a trust fund as a joining premium. Participants then receive benefits over time, bas...

This study delves into the dynamics of the Ghana Stock Exchange Composite Index (GSE-CI) over the period from 2011 to 2022, a symbolic emerging market index that presents unique challenges and opportunities for financial analysis. We characterize the...

The paper examines the key determinants of European banks’ profitability by analyzing the return on assets (ROA), return on equity (ROE), net interest margin (NIM), and the risk-adjusted measures of profitability, RAROAA and RAROAE, across 34 E...

This study measured the individual and conjoint effects of Argentina’s primaries and first- and second-voting presidential election results, as well as their post-election comparative effects, on the stock market performance of its most relevan...