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Downside Risk for European Equity Markets [PDF]
This paper applies extreme value theory to measure downside risk for European equity markets. Two related measures, value at risk and the excess loss probability estimator provide a coherent approach to optimally protect investor wealth opportunities for
Cotter, John
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Business Strategy and the Environment, EarlyView.ABSTRACT Environmental sustainability and political influence increasingly shape corporate strategy, yet the link between politically appointed executives and firms' environmental actions remains underexplored. This study investigates whether political appointments to top executive positions influence the adoption of green action initiatives and how ...
Post Raj Pokharel +3 more
wiley +1 more source
Hedging Downside Risk to Farm Income with Futures and Options: Effects of Government Payment Programs and Federal Crop Insurance Plans [PDF]
The high proportion of government payments in total crop farm income and the purchase of subsidized crop insurance have changed the income distribution of U.S. crop farmers. As a result, the risk management behaviors of U.S.
Houston, Jack E. +3 more
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International Review of Economics & FinanceExtreme downside shocks lead to significant harm within financial markets, thereby threatening global economic stability. To investigate the cross-market transmission of extreme downside shocks and their heterogeneity, this paper extends the sectional ...
Lu Deng, Xinzhu Liu, Xinhong Chen
doaj +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT Industrial clusters are central to the circular economy transition, yet how they develop into eco‐clusters and the paradoxical tensions this transformation fuels remain underexplored. Drawing on 48 in‐depth interviews and secondary data from a Turkish textile‐recycling cluster, we develop an empirically grounded model of eco‐cluster transition
Tulin Dzhengiz +2 more
wiley +1 more source
On empirical risk measurement with asymmetric returns data [PDF]
, 2002 By formulating a nested test of the asymmetric response model of Bawa, Brown, and Klein (1981), the mean-lower partial moment CAPM (LPMCAPM) of Bawa and Lindenberg (1977) and the mean-variance CAPM of Sharpe (1963, 1964), Lintner (1965) and Mossin (1969),
Hwang, Soosung, Pedersen, Christian S.
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International Review of Economics & FinanceGlobal green transition has emerged as a central challenge for sustainable development, and the associated economic risks in this process require close attention.
Yuanyuan Wang, Hongping Tian
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When Nature Counts: Corporate Biodiversity Attention and Access to Bank Finance
Business Strategy and the Environment, EarlyView.ABSTRACT This paper investigates whether corporate attention to biodiversity influences firms' access to bank loans, an overlooked question in the emerging biodiversity–finance literature. Using a novel, text‐based measure constructed from 446 biodiversity‐related keywords and applied to Chinese A‐share listed firms from 2000 to 2023, we show that ...
Ruxiao Li +3 more
wiley +1 more source
Shareholder Coordination and Waste Management
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how shareholder coordination relates to corporate waste management. Drawing on 1059 firm‐year observations from S&P 500 firms between 2010 and 2022, we show that higher levels of coordination among shareholders correspond to reduced waste generation. This effect is more pronounced in firms whose coordinated shareholders are
Mohamed Khalifa
wiley +1 more source
REGE Revista de Gestão, 2006 O artigo compara a abordagem tradicional de média-variância na determinação de portfólios eficientes com a abordagem de risco assimétrico (downside risk), que substitui a variância pela semivariância ou outro LPM (Lower Partial Moment).
Fabio Wendling Muniz de Andrade
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