Purpose – The purpose of this study is to investigate the association between corporate risk and the interaction between CEO incentive compensation and CEO overconfidence.Design/methodology/approach – This empirical study performs random and fixed effects regression analysis. It uses...

Purpose - The purpose of this paper is to show how the influence of the diffusion speed of a financial innovation (FI) increases the operational risk (OR) in any business line with different rate.Design/methodology/approach - A stochastic model is considered presenting the influence of diffusion...

Purpose - To evaluate various hedge programs designed to minimize the risk of an extreme monthly gas bill subject to a pre-determined hedge program budget. Design/methodology/approach -Historical data were collected on natural gas spot and futures prices. Also, theoretical options prices were...

Purpose –This paper seeks to show optimal strategies for firms to cope with analysis and management of risks. Design/methodology/approach - Empirical and experimental studies on gender differences in risk analysis and risk management are reported and assessed. Findings - Women appear less...

Purpose – The purpose of this paper is to investigate the connection between the accrual quality and the growth/value characteristics (and their return premia) at firm level. Design/methodology/approach – The paper employs a battery of univariate and multivariate cross-sectional tests....

Purpose – Glode provides theoretical and empirical evidence that, in aggregate, funds underperform during economic expansions and outperform during contractions. The authors find that this result is not robust to the more appropriate conditional CAPM and to alternative methods for estimating...

Purpose - The purpose of this study is to demonstrate the use of weather derivatives to hedge firm exposure to previously unmanageable risk events caused by natural phenomenon such as excessive rainfall. Design/methodology/approach - The paper adopts a case study approach to meet the objectives...

Purpose – In June of 2001, Tokyo Electric Power Company (TEPCO) and Tokyo Gas Supply Company (TGSC) made a zero-cost risk swap contract on the average temperature of August and September of 2001 in Tokyo for their adverse situations. This is an exchange of two options on the average...

Purpose – The purpose of this paper is to investigate how non-finance departmental involvement in the management of exchange rate risks impacts the extent of foreign exchange speculation in non-financial firms. Design/methodology/approach – Non-financial firms in a small open economy...

Purpose -The purpose of this paper is to study gender diversity on the board of directors and the relation to risk management and corporate performance as measured by the variability of stock market return. Design/methodology/approach - The sample consists of companies from the RiskMetrics...