...- G32 Q56 M10 M14 M21 Fundação para a Ciência e Tecnologia UIDB/04007/2020 http://dx.doi.org/10.13039/501100001871 Funding: This work was supported by Fundação para a Ciência e a Tecnologia (award id: UIDB/04007/2020). Systematic risk, often measured by Beta, has been...

... 12 2025 © Emerald Publishing Limited 2025 Emerald Publishing Limited Licensed re-use rights only CAT bonds Insurance-linked securities Event study Shareholder value Cyber risk G22 G14 G32 Jarrow (2010) defines a catastrophe bond as an ordinary bond...

... on the asset sales–financial distress relationship gives rise to two conflicting hypotheses: the stakeholder trust enhancement hypothesis and the resource depletion hypothesis. Asset sales CSR Financial distress Moderating proxy C18 E44 G11 G32 G33 M14 The relationship between...

...-related financial risk Sustainability Q48 G32 G10 G12 In recent years, climate change and environmental challenges have raised concerns in financial markets (Aloui et al., 2023 ; Gaies et al., 2024a). Several researchers have examined the environmental impact...

... are intended to deepen the understanding of the effects of climate risks on non-life insurers and provide a quantitative analysis of the impact of green and brown investing within this framework. C51 G22 G32 Q54 Our risk model of a non-life insurer is based on a discrete-time surplus process...

...” regarding employment relationships, job segmentation and gender equality in the job market. This article adds a new dimension to the evaluation of the new normal, which may help firms evaluate the consequences of temporary employment, especially in times of crisis. G32 G33 H32 J21 J63...

... Publishing Limited 2024 Emerald Publishing Limited Licensed re-use rights only Market discipline Indian banking sector Systemic importance of the banks TBTF status Gaussian Mixture Model algorithm System GMM estimator CAMEL indicators E58 G00 G01 G21 G33 G28 G32 The events...

... Emerald Publishing Limited 2023 Emerald Publishing Limited Licensed re-use rights only Geopolitical uncertainty Corporate management Information asymmetry Cost of debt G30 G32 After the COVID-19 pandemic, the war between Russia and Ukraine is severely impacting economies around...

... re-use rights only Index-linked catastrophic loss instruments Reinsurance Counterparty risk Collateral Copulas G22 G28 G32 Alternative risk transfer has become increasingly important in recent years, expanding the overall risk-bearing capacity of the insurance market, while...

... This paper presents a pioneering study investigating contagion in the Australian interconnected power markets. G12 G32 Q41 (1) Δ P = P t −   P t − 1 1 T ∑ t = 1 T P t   a n d     Δ L = L t −   L t − 1 1 T ∑ t...

..., it is necessary to construct transition matrices for multiple (1, 2, 3, etc.) years. In this case, the PD term-structure can be obtained directly by extracting PDs from these multi-year transition matrices. G21 G28 G32 K29 M40 M41 M49 The global financial crisis had uncovered hidden systemic...

... historic ES estimator can be defined as: Benjamin Auer can be contacted at: auer@b-tu.de Ranking Simulation Expected shortfall Non-parametric estimates Performance profiles G11 G17 G28 G32 Over decades, the value at risk (VaR) played a dominant role in quantifying asset...

... evolution of the 3M investment grade company for different maturities Figure 3. CDS spreads evolution of the Hartford sub-investment grade company for different maturities CDS Market-implied default probability Term structure Implied rating Transition matrix G24 G32...

... Limited 2020 Emerald Publishing Limited Licensed re-use rights only Default probability Heterogeneous risk classes Price-demand function Risk pooling Legal entity G22 G28 G32 Risk pooling and diversification are widely acknowledged as the core of the insurance model. Previous...

... Organisation of Securities Commissions (IOSCO), emphasise that costs should be mathematically captured through model pricing and valuation (BCBS and IOSCO, 2013). D81 G32 C61 G12 G18 Value at risk Bootstrap Gaussian probability distribution Initial margin Over-the-counter derivatives...

... sheds a light on the relationship between securitization and banks' risk exposures including the pre-crisis, crisis and post-crisis periods. Systemic risk Securitization Bank Holding companies G01 G21 G32 The objective of this paper is to explore how balance sheet and off-balance...

... or environmental factors in the context of business operations do not act in the best interest of the company. G32 M14 Only a few decades ago, leading economist Milton Friedman (1970 , pp. 173-174) claimed that “the social responsibility of the business is to increase its profits” underlining...

... that: © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Facebook Firm valuation Growth company Initial public offering Real options Schwartz/Moon model G32 May 17, 2012, Facebook Inc. (Facebook) declares its initial public offering (IPO...

... Publishing Limited Licensed re-use rights only Event study Financial services industry Spillover effects Internal fraud G14 G32 By means of an event study, we investigate the effects of such trading losses on the announcing firms, as well as non-announcing banks and insurance...

..., reputation losses and spillover effects. © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Spillover effects Reputation risk Operational risk Accumulation risk G20 G21 G22 G32 As empirically observed by Cummins et al. (2012...