..., it proposes nine modified performance evaluation measures in the M‐DRM framework for the first time. Maximum drawdown risk measure (M‐DRM) Maximum drawdown beta Downside risk Semi‐variance Mutual fund Malaysia Unit trusts Financial risk Mohammad Reza Tavakoli Baghdadabad can be contacted...

... distress. Ananth Rao can be contacted at: arao@ud.ac.ae © Emerald Group Publishing Limited 2011 Financial institutions Distress Financial distress probability Panel binary response analysis Financial risk United Arab Emirates Financial distress refers to a period when...

... Publishing Limited 2011 Liquidity Credit Risk management Capital markets Financial risk In the aftermath of the 2007‐2009 financial crisis bank regulators devised Basel III, a new rulebook that includes several measures to strengthen the resilience of the banking sector. A lot of effort...

... flexibility Financial risk Liquidity Capital structure France Financial flexibility (FF) represents the ability of a firm to respond effectively to unanticipated shocks to its cash flows or its investment opportunities. Managers around the world identify FF as the primary driver of their capital...

..., and Heston's (1993) implied volatility, respectively, corresponding to time t. Dong Woo Rhee can be contacted at: dwrhee@business.kaist.ac.kr © Emerald Group Publishing Limited 2011 Stocks Financial forecasting Financial risk Economic fluctuations Although intraday volatility...

... by which financing decisions are reached through risk modelling. Christos Floros can be contacted at: Christos.Floros@port.ac.uk © Emerald Group Publishing Limited 2007 Financial risk Computer bootstrapping Mathematical modelling United States of America Europe Financial markets...

.... John L. Glascock can be contacted at: johng_22101@yahoo.com © Emerald Group Publishing Limited 2006 Acquisitions and mergers Cash flow Financial performance Financial risk United States of America Our fundamental measure of operating performance is cash flow returns, which...

... Financial risk Financial instruments Middle East North Africa Financial risk management is always one of the central topics either in theory or in practice. The increase in volatility of financial markets during the last decade has induced researchers, practitioners and regulators to design...