Risks最新文献 - Book学术

On Return Probabilities of Adverse Events Under Dependence and Lessons to Learn for Decision-Making 依赖条件下不良事件的回报概率及其对决策的启示

Risks Pub Date : 2026-03-05 DOI: 10.3390/risks14030058

Marius Hofert

{"title":"On Return Probabilities of Adverse Events Under Dependence and Lessons to Learn for Decision-Making","authors":"Marius Hofert","doi":"10.3390/risks14030058","DOIUrl":"https://doi.org/10.3390/risks14030058","url":null,"abstract":"Considering achieving a goal in each of several time intervals when, in every time interval, an adverse event may lead to a failure raises the question of the return probability of adverse events, so the probability of at least one failure to happen during the time period of interest. Through basic mathematical arguments in tractable cases, we investigate the behavior of the return probability of adverse events in various setups. In the univariate case, we consider the independent and identically distributed setup, the independent setup, the dependent but not necessarily identically distributed setup, and the dependent and identically distributed setup. In the multivariate case, we consider several goals to be achieved in each time period. Besides different setups for the marginal failure probabilities, we study dependence in terms of comonotone blocks and independent blocks and via nested copulas. In case closed form expressions are not available, we derive bounds on the return probability of at least one failure. Our results are interpretable in terms of decision-making, provide insight into what affects such return probabilities and thus may help to develop strategies to lower them.","PeriodicalId":21282,"journal":{"name":"Risks","volume":"14 3","pages":"58-58"},"PeriodicalIF":0.0,"publicationDate":"2026-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.mdpi.com/2227-9091/14/3/58/pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147886748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Impact of Enterprise Risk Management on Firm Competitiveness: The Mediating Role of Competitive Advantage in the Omani Insurance Industry 企业风险管理对企业竞争力的影响：阿曼保险业竞争优势的中介作用

Risks Pub Date : 2025-10-13 DOI: 10.3390/risks13100199

Ammar Al Lawati, Baharuddin M. Hussin, Mohd Rizuan Abdul Kadir, Mohamed Khudari

{"title":"The Impact of Enterprise Risk Management on Firm Competitiveness: The Mediating Role of Competitive Advantage in the Omani Insurance Industry","authors":"Ammar Al Lawati, Baharuddin M. Hussin, Mohd Rizuan Abdul Kadir, Mohamed Khudari","doi":"10.3390/risks13100199","DOIUrl":"https://doi.org/10.3390/risks13100199","url":null,"abstract":"In today’s complex economy, firms face various risks. The increasing risks and exposures hinder top performance and impede investments in new project circles. This study examines how Enterprise Risk Management (ERM) practices affect the non-financial performance of Omani insurance companies and investigates the partial mediating role of Competitive Advantage (CA). Using 439 survey responses analysed with PLS-SEM, the results reveal that ERM practices have a positive and significant effect on non-financial performance, and that CA mediates the effects of Internal Environment, Event Identification, and Risk Assessment. This reinforces the strategic dimension of embedding competitive advantage into risk management frameworks. This study offers evidence of how integrating ERM practices can impact organisational performance. It provides a foundation for ongoing research in sectors and areas not previously examined, particularly in developing countries where organisational resilience is imperative. Our study demonstrates how ERM enhances non-financial performance within insurance companies while supporting the view that ERM is a long-term strategic element, not merely limited to risk management. The research contributes evidence for broader application by demonstrating competitive advantage as a mediator. The model facilitates the investigation of ERM impacts across various sectors and regions, especially in developing countries where organisational resilience is crucial.","PeriodicalId":21282,"journal":{"name":"Risks","volume":"13 10","pages":"199-199"},"PeriodicalIF":0.0,"publicationDate":"2025-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.mdpi.com/2227-9091/13/10/199/pdf?version=1760342217","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147913814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Impacts of Financial Inclusion and Life Insurance Products on Poverty in Sub-Saharan African (SSA) Countries 普惠金融和人寿保险产品对撒哈拉以南非洲国家贫困的影响

Risks Pub Date : 2025-06-04 DOI: 10.3390/risks13060109

Oladotun Larry Anifowose, Bibi Zaheenah Chummun

{"title":"Impacts of Financial Inclusion and Life Insurance Products on Poverty in Sub-Saharan African (SSA) Countries","authors":"Oladotun Larry Anifowose, Bibi Zaheenah Chummun","doi":"10.3390/risks13060109","DOIUrl":"https://doi.org/10.3390/risks13060109","url":null,"abstract":"In recent years, scholars have been paying more attention to financial inclusion, which has been positioned as a crucial component in accomplishing the majority of the seventeen Sustainable Development Goals set forward by the United Nations. Investigating the effects of life insurance and financial inclusion on poverty in 45 Sub-Saharan African (SSA) nations between 1999 and 2023 is the goal of this study. Using the Panel Autoregressive Distributed Lag (P-ARDL) method, this study concludes that poverty can be decreased through financial inclusion. Notably, we found that life insurance raises poverty when financial inclusion follows. This might be because there are not many microinsurance options available in SSA nations for those with low incomes. Due to their increased likelihood of being financially illiterate and their inability to purchase the necessary smart devices and internet services, the lower-income segments are unable to enjoy the same advantages as the higher-income segments. According to the findings, financial exclusion problems may be resolved by future life insurance, but this must be done in a sustainable manner. Future life insurance should address the requirements of the underprivileged and lower-income groups, and financial inclusion should be progressively enhanced.","PeriodicalId":21282,"journal":{"name":"Risks","volume":"13 6","pages":"109-109"},"PeriodicalIF":0.0,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147915097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Funding Illiquidity Implied by S&P 500 Derivatives 标准普尔 500 指数衍生品隐含的资金流动性不足问题

IF 2.2

Risks Pub Date : 2024-09-18 DOI: 10.3390/risks12090149

Benjamin Golez, Jens Jackwerth, Anna Slavutskaya

引用次数: 0

Dynamics of Foreign Exchange Futures Trading Volumes in Thailand 泰国外汇期货交易量的动态变化

IF 2.2

Risks Pub Date : 2024-09-14 DOI: 10.3390/risks12090147

Woradee Jongadsayakul

{"title":"Dynamics of Foreign Exchange Futures Trading Volumes in Thailand","authors":"Woradee Jongadsayakul","doi":"10.3390/risks12090147","DOIUrl":"https://doi.org/10.3390/risks12090147","url":null,"abstract":"Following the introduction of EUR/USD futures and USD/JPY futures on 31 October 2022, Thailand Futures Exchange first entered the top 11 list of derivatives exchanges based on foreign exchange derivative volumes in 2022. This paper investigates the dynamics of foreign exchange futures trading volumes in Thailand through the VAR(2) model. Trading volumes of EUR/USD futures, USD/JPY futures, and USD/THB futures are considered over the sample period from 31 October 2022 to 12 January 2024. The empirical results provide no evidence that the trading volume of EUR/USD futures is dependent on the past trading volumes of USD/JPY futures and USD/THB futures. The Granger causality test results show the existence of bidirectional causality between the trading volumes of USD/JPY futures and USD/THB futures. The results of the impulse response function are consistent with the sign results of the VAR(2) model, showing that the USD/JPY futures trading volume has a negative impact on the USD/THB futures trading volume, and vice versa. The analysis of variance decomposition shows that the variability of the USD/JPY futures trading volume and USD/THB futures trading volume, apart from its own shock, is explained by other FX futures trading volume shocks. Therefore, traders should pay more attention to new FX futures trading activity due to its negative impact on the USD/THB futures trading volume and its contribution to the variance in the USD/THB futures trading volume. Understanding the futures trading volume relationship also helps Thailand Futures Exchange develop new products and services that can foster market liquidity and stability.","PeriodicalId":21282,"journal":{"name":"Risks","volume":"18 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142253961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Automated Machine Learning and Asset Pricing 自动化机器学习和资产定价

IF 2.2

Risks Pub Date : 2024-09-14 DOI: 10.3390/risks12090148

Jerome V. Healy, Andros Gregoriou, Robert Hudson

引用次数: 0

What Drives Banks to Provide Green Loans? Corporate Governance and Ownership Structure Perspectives of Vietnamese Listed Banks 是什么促使银行提供绿色贷款？越南上市银行的公司治理和所有权结构视角

IF 2.2

Risks Pub Date : 2024-09-13 DOI: 10.3390/risks12090146

Ariful Hoque, Duong Thuy Le, Thi Le

引用次数: 0

Trends and Risks in Mergers and Acquisitions: A Review 并购的趋势与风险：综述

IF 2.2

Risks Pub Date : 2024-09-09 DOI: 10.3390/risks12090143

Manuel García-Nieto, Vicente Bueno-Rodríguez, Juan Manuel Ramón-Jerónimo, Raquel Flórez-López

{"title":"Trends and Risks in Mergers and Acquisitions: A Review","authors":"Manuel García-Nieto, Vicente Bueno-Rodríguez, Juan Manuel Ramón-Jerónimo, Raquel Flórez-López","doi":"10.3390/risks12090143","DOIUrl":"https://doi.org/10.3390/risks12090143","url":null,"abstract":"This study examines risk factors in mergers and acquisitions (M&As) identified in the recent literature, addressing the following question: “What risk factors associated with M&A transactions are discussed in the recent academic literature?” A semi-systematic literature review was conducted using a comprehensive search strategy with targeted keywords related to M&A risks. Papers from 2020 to 2024 were selected based on quality and relevance, with detailed review of abstracts and titles. Co-occurrence analysis using VOSviewer software (version 1.6.20) was applied to categorize key themes. The review of 118 papers identified four main risk categories: information asymmetry; performance and corporate reputation; litigation and investor protection; and geopolitical factors. Findings reveal complex interdependencies among these risks, highlighting the need for a holistic approach to risk management. Corporate social responsibility (CSR) is crucial for mitigating risks, improving transparency, and enhancing reputation. This study offers recommendations for better financial disclosures, robust environmental, social and governance strategies, and the integration of digital finance technologies as blockchain in M&A activity. Future research should include longitudinal studies on M&A risk dynamics, case studies on corporate governance, advanced valuation methods, and comparative analyses across regions and industries, focusing on emerging technologies like AI and blockchain.","PeriodicalId":21282,"journal":{"name":"Risks","volume":"29 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142197492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Role of Sex in the Assessment of Return and Downside Risk in Decumulation Financial Planning 性别在评估养老金财务规划中的收益和下行风险中的作用

IF 2.2

Risks Pub Date : 2024-09-06 DOI: 10.3390/risks12090142

Amaia Jone Betzuen Álvarez, Amancio Betzuen Zalbidegoitia

引用次数: 0

Insurance Analytics with Clustering Techniques 利用聚类技术进行保险分析

IF 2.2

Risks Pub Date : 2024-09-05 DOI: 10.3390/risks12090141

Charlotte Jamotton, Donatien Hainaut, Thomas Hames

引用次数: 0