Research related to aggregation, robustness, and model uncertainty of regulatory risk measures, for instance, Value-at-Risk (VaR) and Expected Shortfall (ES), is of fundamental importance within quantitative risk management. In risk aggregation, marginal risks and their dependence structure are...

This paper uses data of Chinese A-share listed firms from 2008 to 2020, and examines the effect of institutional investors on corporate capital structure by considering different types of institutional investors and different firm types. The results find that institutional investors have a...