allows us to introduce this correction in the SRISK framework for measuring systemic risk …

risks of firms in a stock market context. For this purpose we analyse the systemic risk indicators of the constituent stocks … systemic risk indicators by applying a principle components approach to the estimated volatilities and correlations. Our focus … is on the impact of ESG ratings on systemic risk indicators, while we consider network centralities, volatilities and …

dimension of systemic risk and financial constraints as a key determinant of persistence. …

context, this paper analyzes the systemic risk of both banks and non-bank sectors (securities firms and insurance companies …) in South Korea over different time periods. Using the widely recognized ΔCoVaR methodology for measuring systemic risk …, the analysis reveals that systemic risk increased substantially across all three sectors (banks, securities firms, and …