搜索结果: 1-15 共查到“商业经济学 Risk”相关记录34条 . 查询时间(0.265 秒)
Risk Sharing through Capital Gains
Income Insurance Capital Markets International Financial Integration
2015/9/21
We estimate channels of international risk sharing between European Monetary Union (EMU),
European Union, and other OECD countries 1992{2007. We focus on risk sharing through savings, factor income
...
Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns
Income insurance capital markets international
2015/9/21
Using a variance decomposition of shocks to GDP, we quantify the role of international factor income, international transfers, and saving in achieving risk sharing during the recent
European crisis. ...
Forward Reliability Markets: Less Risk, Less Market Power, More Efficiency
Less Risk Less Market Power
2015/9/18
A forward reliability market is presented. The market coordinates new entry through the
forward procurement of reliability options—physical capacity bundled with a financial
option to supply energ...
The Burden of the Nondiversifiable Risk of Entrepreneurship
Nondiversifiable Risk Entrepreneurship
2015/7/20
Entrepreneurship is risky. We study the risk facing a well-documented and important class of entrepreneurs, those backed by venture capital. Using a dynamic program, we calculate the certainty-equival...
Commodity price risk management using option strategies
commodity market hedging strategies vanilla options
2015/5/4
In the world of increasing price volatility, it is more important than ever to understand how to manage the price risk. The paper deals with the price risk management issues associated with commoditie...
Enterprise risk management (ERM) has become a crucial component of contemporary corporate governance reforms, with an abundance of principles, guidelines, and standards. This paper portrays ERM as an ...
Managing Political Risk in Global Business:Beiersdorf 1914-1990
History Risk Management Business History Multinational Firms and Management Corporate Strategy
2015/4/24
This working paper examines corporate strategies of political risk management during the twentieth century. It focuses especially on Beiersdorf, a German-based pharmaceutical and skin care company. Du...
The Enterprise Risk Management and the Risk Oriented Internal Audit
Risk Management Internal Audit Risk Oriented
2013/2/23
With the development of the economic globalization, the risks that enterprises faced are increasing. In order to cope with the risks, the enterprise risk management requires the internal audit. As an ...
Optimal starting times, stopping times and risk measures for algorithmic trading
Quantitative Finance High-Frequency Trading Algorithmic Trading Optimal Execution Market Impact Risk Measures
2012/6/4
We derive explicit recursive formulas for Target Close (TC) and Implementation Shortfall (IS) in the Almgren-Chriss framework. We explain how to compute the optimal starting and stopping times for IS ...
Dividend Payments and Related Problems in a Markov-Dependent Insurance Risk Model under Absolute Ruin
Absolute Ruin Markov-Dependent Insurance Risk Model Debit Interest Moment-Generating Function
2013/2/19
In this paper, we study the dividend payments prior to absolute ruin in a Markov-dependent risk process in which the claim occurrence and the claim amount are regulated by an external discrete time Ma...
Simultaneous determination of market value and risk premium in the valuation of firms
firm valuation DCF CAPM risk premium transfer pricing
2014/6/24
Valuing a firm using the discounted cash flow method (DCF) requires the joint determination of the market value of its equity (MVE) together with the equity risk premium (ERP) the firm should earn, si...
Liquidity-adjusted Market Risk Measures with Stochastic Holding Period
Liquidity Risk Random Holding Period Systemic Risk
2010/10/21
Within the context of risk integration, we introduce in risk measurement stochastic holding period (SHP) models. This is done in order to obtain a `liquidity-adjusted risk measure' characterized by t...
In a continuous-path semimartingale market model, we perform an initial enlargement of the filtration by including the overall minimum of the numeraire portfolio. We establish that all discounted ass...
An Efficient, Distributable, Risk Neutral Framework for CVA Calculation
An Efficient Distributable Risk CVA Calculation
2010/10/22
The importance of counterparty credit risk to the derivative contracts was demonstrated consistently throughout the financial crisis of 2008. Accurate valuation of Credit value adjustment (CVA) is ess...
Optimal control of risk process in a regime switching environment
Regime switching diffusion continuity value function exit time
2010/10/21
This paper is concerned with cost optimization of an insurance company. The surplus of the insurance company is modeled by a controlled regime switching diffusion, where the regime switching mechanism...