Risks, Volume 13, Issue 4

By examining the significant flaws in multivariate risk analysis and integrated risk analysis, this article introduces a new approach to evaluating the total risk within complex risk systems: the principle of multi-dimensional risk (MDR) analysis. Un...

The results reveal significant evidence of herding in the overall, bearish, and extended crisis market phases during extreme downturns, while the magnitude of market returns in the tail distribution is considered. Asymmetric herding behavior is more...

The increasing interaction between the equity market and cryptocurrencies has raised concerns about volatility spillovers; however, empirical evidence about sectoral-specific spillover effects in emerging markets is scarce and hard to find. Existing...

The primary objective of this empirical study is to investigate the Indian equity market network by analyzing its topological properties using the disparity filtering technique, and a minimum spanning tree. It investigates the backbone structure of t...

This paper sorts out the poverty reduction mechanism of the “insurance+futures” pattern and uses actual data from the top 10 provinces in China with the highest underwriting value in the “insurance+futures” pattern since 2016...

Traditionally, business risk management models have not taken into consideration household composition for the purposes of credit granting or project financing in order to manage the risk of default. In this research, an improvement in the risk manag...

Holders of life insurance policies can exercise various options that lead to contract modifications, e.g., full surrender, partial surrender, and paid-up and dynamic premium increase options. Transitions between these contract states materially affec...

This study investigates the impact of environmental variables, such as carbon emissions and temperature anomalies, on cryptocurrency returns. While existing research has primarily focused on economic and financial determinants, the influence of envir...

Several studies have investigated the determinants of firms’ capital structure choices. Though an intercorporate loan is an essential source of corporate debt, there are no studies that examine the determinants of firms’ preference to use...

We introduce a new coherent risk measure, the minimal-entropy risk measure, which is built on the minimal-entropy σ-martingale measure—a concept inspired by the well-known minimal-entropy martingale measure used in option pricing. While t...