2025 April - 19 articles
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
Certain fixed-income securities, such as callable bonds and mortgage-backed securities subject to prepayment, typically exhibit negative convexity at low yields and cannot be adequately immunized through duration and convexity-matching alone. To addr...
Although the relationship between ESG performance and firm performance has been the subject of several studies, the nonlinear relationship between ESG performance and the corporate performance of insurance companies remains less explored, specificall...
In the context of increasingly severe global climate change, both companies and investors are placing greater emphasis on investment philosophies centered around environmental protection, social responsibility, and corporate governance (ESG). This pa...
Climate risk is the negative effect of climate change on several aspects of the environment, business, and society. There are two categories of climate risks: physical risks include direct impacts due to extreme events and chronic changes due to clim...
This paper is concerned with the choice of data granularity for application of the EDF (Exponential Dispersion Family) chain ladder model to forecast a loss reserve. As the duration of individual accident and development periods is decreased, the num...
Financial industry executives are sincerely concerned about the potential effects of greenwashing on their organizations. The primary objective of this research is to investigate the impact of board features on greenwashing and the strategies that ex...
This research indicates that accounting is essential for assessing South Asian airline companies via financial ratio analysis from 2011 to 2022. The accounting measurements delineate informing and facilitating strategic decision-making from 2011 to 2...
This systematic review analyzes and compares the predictive power between traditional financial ratios and cash flow-based ratios in estimating performance. Although traditional ratios of return on assets and debt to equity have received extensive ap...
This paper aims to develop optional semimartingale methods in risk theory to allow for a larger class of risk models. Optional semimartingales are left-continuous with right-limit stochastic processes defined on a probability space where the usual co...
