Journal of Risk and Financial Management — Editors

Journal Contact

JRFM Editorial Office
MDPI AG, Klybeckstrasse 64, 4057 Basel, Switzerland
Tel. +41 61 683 77 34; Fax: +41 61 302 89 18

Editorial Office

Prof. Dr. Michael McAleer
Department of Quantitative Finance, National Tsing Hua University, Hsinchu, Taiwan, and Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, Burgemeester Oudlaan 50, 3062 PA Rotterdam, The Netherlands
Tel. +010 40 81 253
Interests: econometrics; financial econometrics; statistics; time series analysis; empirical finance; risk management; applied mathematics

Managing Editor
Mr. Alistair Freeland
MDPI AG, Klybeckstrasse 64, CH-4057 Basel, Switzerland

Advisory Board

Prof. Dr. Raymond A.K. Cox *
University of Northern British Columbia Canada
Interests: corporate finance; investments; superstardom theory
* Founding Editor-in-Chief

Prof. Dr. Robert James Elliott
Haskayne School of Business, University of Calgary, Calgary, Alberta T2N 1N4, Canada
Tel. +403 220 5540; Fax: +403 770 8104
Website: http://
Interests: stochastic processes; american options; term structure; estimation of volatility; value at risk

Prof. Dr. Jonathan M. Karpoff
Foster School of Business, University of Washington, Seattle, WA 98195-3226, USA
Tel. +206 685 4954; Fax: +206 543 7472
Interests: corporate governance; corporate crime and punishment; corporate finance

Prof. Dr. Naoto Kunitomo
Faculty of Economics, University of Tokyo Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033, Japan
Interests: statistics; econometrics; financial econometrics

Prof. Dr. Bong-Soo Lee
Department of Finance, College of Business, Florida State University, 311 Rovette Building, Tallahassee, FL 32306-1110, USA
Tel. +850 644 4713; Fax: +850 644 4225
Interests: corporate finance; investments; empirical methods in finance; Portfolio management; money; banking; capital markets; financial economics; applied time-series econometrics; macro-monetary economics; international finance

Prof. Dr. Esfandiar Maasoumi
Department of Economics, Emory University, USA
Interests: theoretical econometrics; inequality measures; financial econometrics

Prof.Dr. Dilip B. Madan
Department of Finance, Robert H. Smith School of Business, Van Munching Hall, University of Maryland, College Park, MD 20742, USA
Tel. +301 405 2127; Fax: +301 405 0359
Interests: financial management; investments; finance theory; futures and options; mathematical finance

Prof. Dr. Kazuo Nishimura
Institute of Economic Research, Kyoto University, Japan
Interests: economic theory; mathematical economics; dynamic systems

Prof. Dr. Charles S. Tapiero
Department of Finance and Risk Engineering, Polytechnic Institute of New York University, Brooklyn, NY 11201, USA
Tel. +718 260 3653
Interests: risk assessment and analysis in finance; currency wars and international finance and economics; industrial economics in supply chain management; infrastructure investments; mathematical finance; value at risk and risk management; environmental management

Prof. Dr. Wing-Keung Wong
Department of Economics, School of Business, Hong Kong Baptist University, WLB, Shaw Campus, Kowloon Tong, Hong Kong
Tel. +852 3411 7542; Fax: +852 3411 5580
Interests: world stock markets; anomalies and behavioral finance; capital markets; asset pricing and Portfolio management; quantitative and computing methods; financial economics; advanced econometrics; econometrics; mathematical economics; macroeconomics; microeconomics; money and banking

Editorial Board

Prof. Dr. Moawia Alghalith
University of the West Indies, Trinidad and Tobago
Tel. +868 662 2002
Interests: stochastic analysis; PDEs; volatility; optimization; the portfolio models; options; futures

Prof. Dr. David Allen
Adjunct Professor Centre for Applied Financial Studies, UniSA, Australia
Tel. +61 8 6304 471
Interests: investments; market microstructure; risk modelling; financial econometrics

Prof. Dr. Manabu Asai
Faculty of Economics, Soka University, Japan
Tel. + 81-426-91-8163
Interests: econometrics; especially times series analysis; financial econometrics; statistics; forecasting

Prof. Dr. Christian Brownlees
Department of Economics and Business, Pompeu Fabra University, Ramon Trias Fargas 25-27, Office 2-E10, 08005, Barcelona, Spain
Tel. +34 93 542 2750
Interests: network analysis; nonlinear time series; forecasting; statistical computing; empirical finance; financial high frequency data
Contribution: Special Issue: Econometric Analysis of Networks

Prof. Dr. Massimiliano Caporin
Affiliation Dipartimento di Scienze Economiche e Aziendali "M. Fanno" - Università degli Studi di Padova, Italy
Tel. +39 049 827 4258
Interests: Financial econometrics; empirical finance; GARCH models; portfolio allocation and management; market risk measurement; managed portfolios performance measurement; high frequency data analysis and trading strategies; weather derivative pricing; long-memory in economics and finance

Prof. Dr. Chia-Lin Chang
Department of Applied Economics, National Chung Hsing University, 250 Kuo Kuang Road, Taichung 402, Taiwan
Tel. +886 (04) 2284 0350 Ext: 309
Interests: applied econometrics; financial econometrics; energy finance; time series analysis; forecasting; empirical industrial organisation; risk management
Contribution: Special Issue: Selected Papers from the Fifth International Conference on Mathematics in Finance (MiF) 2014, Organized by North-West University, University of Cape Town and University of Johannesburg, South Africa

Prof. Dr. Chung Chen
The Chinese Academy of Labor and Social Security, Policy Simulation Research Laboratory, Chinese Academy of Labor and Social Security, Beijing, China
Tel. +86 1391-786-1081
Interests: data mining and risk management; time series modeling; forecasting methods; statistical analysis of financial models; technology management; applications of macro-econometric models; design and analysis of longitudinal data in biological research

Prof. Dr. Thomas C. Chiang
Department of Finance, Drexel University, 3141 Chestnut Street, Philadelphia, PA 19104, USA
Tel. +215 895 1745
Interests: behavioral finance; financial market volatility and risk management; global capital markets; multinational finance; time series analysis of financial series

Prof. Dr. Tai-Leung Terence Chong
Department of Economics, The Chinese University of Hong Kong, Esther Lee Building, Room 930, Shatin, NT, Hong Kong, China and the Department of International Economics and Trade, School of Business, Nanjing University, Anzhong Building, Hankou Road #22, Gulou District, Nanjing, Jiangsu Province, China
Tel. +852 2609 8193; Fax: +852 2603 5805
Interests: econometrics; econometric theory; banking and finance

Prof. Dr. Martín Egozcue
Universidad de la Republica del Uruguay, Montevideo, Uruguay
Tel. +598 42 240565
Interests: applied economics; behavioral economics; Portfolio theory; behavioral finance; financial economics; decision making under risk and uncertainty; applied management mathematics

Prof. Dr. Christopher Gan
Lincoln University Centre for International Development (LUCID), Lincoln University, Lincoln 7647, Canterbury, New Zealand
Tel. +64 3 4230227
Interests: commercial banking; micro-finance; rural finance; development economics; financial economics; Asian economy

Prof. Dr. Christian Hafner
CORE and Institute of statistics, biostatistics and actuarial sciences, Université catholique de Louvain, Louvain-la-neuve, Belgium
Tel. 00 32 10 47 43 06
Interests: financial econometrics

Prof. Dr. Masahito Kobayashi
Faculty of Economics, Yokohama National University, Hodogaya-ku, Yokohama 240-8501, Japan
Interests: stochastic volatility model; particle filters; survival analysis

Prof. Dr. Coenraad Labuschagne
Department of Finance and Investment Management, Faculty of Economic and Financial Sciences, University of Johannesburg, PO Box 524, Aucklandpark, Johannesburg, South Africa
Tel. +27 11 559 3799; Fax: +27 11 559 3753
Interests: mathematics; statistics; mathematics of finance; quantitative finance; investment management
Contribution: Special Issue: Selected Papers from the Fifth International Conference on Mathematics in Finance (MiF) 2014, Organized by North-West University, University of Cape Town and University of Johannesburg, South Africa

Prof. Dr. Pui Lam Leung
Department of Statistics, Room 115,1/F., Lady Shaw Building, The Chinese University of Hong Kong, Shatin, New Territories, Honk Kong
Tel. +852 3943 7926; Fax: +852 2603 5188
Interests: multivariate analysis; decision-theoretic estimation; data mining

Prof. Dr. Da-Hsiang Donald Lien
College of Business, the University of Texas at San Antonio, San Antonio, TX 78249-0631, USA
Interests: economics; development economics; finance; statistics; econometrics

Prof. Dr. Shiqing Ling
Department of Mathematics, Hong Kong University of Science and Technology, Clear Water Bay, Hong Kong
Tel. +0852 23587459; Fax: +0852 23591016
Interests: time series analysis; asymptotic theory of econometrics; financial econometrics

Prof. Dr. Bento J. Lobo
Department of Finance, University of Tennessee at Chattanooga, 615 McCallie Avenue, Chattanooga, TN 37403, USA
Tel. +423 425 1700; Fax: +423 425 5255
Interests: domestic and international asset pricing; monetary policy effects on asset markets; political risk and globalization; behavioral finance

Prof. Dr. Marcelo Medeiros
Department of Economics, Pontifical Catholic University of Rio de Janeiro (PUC-Rio), Brazil
Tel. +55 21 3114 1078
Interests: econometrics; nonlinear time-series models; financial econometrics; classification and pattern recognition; electricity load forecasting

Prof. Dr. Antonio Mele
Swiss Finance Institute, University of Lugano
Interests: financial economics; financial econometrics; capital market volatility; interest rates; credit markets; macro-finance; business cycles; information in securities markets

Prof. Dr. Kazumitsu Nawata
Graduate School of Engineering, University of Tokyo
Interests: econometrics, statistics, systems engineering, risk management, health risk, risk of nuclear accidents

Prof. Dr. Christopher J. Neely
Research Division, Federal Reserve Bank of St. Louis, St. Louis, MO 63166-0442, USA
Tel. +314 444 8568; Fax: +314 444 8731
Interests: technical analysis; event studies; central bank intervention; volatility; monetary policy

Prof. Dr. Pin T. Ng
The W.A. Franke College of Business, Northern Arizona University, Flagstaff, Arizona, USA
Interests: econometric theory; applied econometrics; international trade and finance; urban and regional economics; computational statistics; computer simulations

Prof. Dr. Yoshihiko Nishiyama
Institute of Economic Research, Kyoto University, Sakyo-ku, Kyoto 606-8501, Japan
Tel. +81 0 75 753 7115; Fax: +81 0 75 753 7118
Interests: nonparametric; semiparametric econometrics; specification testing

Prof. Dr. Marc Paolella
Professor of Empirical Finance, Institut für Banking und Finance, University of Zurich, Rämistrasse 71, CH-8006 Zürich, Switzerland
Tel. +41 44 634 45 84
Interests: time series analysis; computational statistics; GARCH; risk prediction

Prof. Dr. Teodosio Perez-Amaral
Head, Department of Quantitative Economics, Complutense University of Madrid 28223, Madrid, Spain
Tel. +34 91 394 2380; Fax: +34 91 394 2613
Interests: economics of telecommunications; demand of telecommunications services; panel data econometrics; model selection in econometric models; RETINA (Relevant Transformations of the Inputs Network Approach); finance; VaR; strategies for risk communication

Prof. Dr. Kok Fai Phoon
Lee Kong Chian School of Business, Singapore Management University, 50 Stamford Road, Singapore 178899, Singapore
Tel. +65 6828 0146

Prof. Dr. Zhuo Qiao
Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, Avenida Padre Tomas Pereira, Taipa, Macau, China
Tel. +853 8397 4166
Interests: financial economics; macroeconomics; applied econometrics

Prof. Dr. Sanjay Ramchander
College of Business, Colorado State University, 1201 Campus Delivery, Fort Collins, CO 80523, USA
Tel. +970 491 6681
Interests: empirical asset pricing; market microstructure; business analysis and valuation; international finance

Prof. Jacky Yuk-chow So
Faculty of Business Administration, University of Macau, Avenida Padre Tomas Pereira, Taipa, Macau, China
Tel. +853 8397 4726; Fax: +853 2883 8320

Prof. Dr. Elvira Sojli
Finance Department, Erasmus University, Rotterdam, the Netherlands
Tel. +31 10 4082824
Interests: applied financial economics; international finance; market microstructure; sovereign wealth funds

Prof. Dr. Evgueni Dmitrievich Solojentsev
Head of the Intelligent Integrated Systems Laboratory, Institute of Problems of Mechanical Engineering of Russian Academy of Sciences, Bolshoy 61, V.O., St-Petersburg 199178, Russia
Tel. +7 812 321 47 66; Fax: +7 812 321 47 71
Interests: management of risk at stages of design; operation in structurally-complex economical; engineering systems

Prof. Dr. Lars Stentoft
Department of Economics, University of Western Ontario, Social Science Centre Room 4071, London, Ontario, Canada, N6A 5C2
Tel. 519-661-2111 Ext. 85311
Interests: finance; financial econometrics; computational finance; econometrics
Contribution: Special Issue: Financial Risk Modeling and Forecasting

Prof. Dr. Robert Taylor
Essex Business School, Colchester, UK
Tel. 0044 (0)1206 87 39 73
Interests: econometric theory; time series; financial econometrics

Prof. Dr. Wing Wah Tham
Econometric Institute, Erasmus School of Economics, Rotterdam, the Netherlands
Tel. +31 0 10 4081424
Interests: market microstructure; financial econometrics; empirical asset pricing; political science; statistics of causal inference

Prof. Dr. Yiu-Kuen Tse
School of Economics, Singapore Management University
Tel. (65) 68220257
Interests: actuarial sciences; statistics; financial econometrics; risk management

Prof. Dr. João Paulo Torre Vieito
School of Business Studies, Polytechnic Institute of Viana do Castelo, 4930 Valença, Portugal
Tel. +00351 251800840
Interests: market efficiency; neuro economics; corporate governance

Prof. Dr. Zhijie Xiao
Department of Economics, Boston College, Chestnut Hill, MA 02467, USA
Tel. +617 552 1709; Fax: +617 552 2308
Interests: econometrics

Prof. Dr. Shih-Ti Yu
Department of Quantitative Finance, National Tsing Hua University, Taiwan
Tel. +886 3 574 2422
Interests: microeconometrics, financial econometrics

J. Risk Financial Manag. EISSN 1911-8074 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert