In this paper, we consider a general Levy risk model with two-sided jumps and a constant dividend barrier. We connect … the ruin problem of the ex-dividend risk process with the first passage problem of the Levy process reflected at its … running maximum. We prove that if the positive jumps of the risk model form a compound Poisson process and the remaining part …

We consider a perturbed renewal risk model where the inter-claim times are phase-type distributed and the dividend … conditions for the moment-generating functions and the moments of arbitrary order of the present value of all dividend payments … until ruin. Explicit expressions for the expected discounted dividend payments are derived if the claim amount distribution …

In this paper we consider an alternative dividend payment strategy in risk theory, where the dividend rate can never … dividend payment strategies of barrier and threshold type. We study the case where once during the lifetime of the risk process … the dividend rate can be increased and derive corresponding formulae for the resulting expected discounted dividend …

. Using stochastic control theory, we derive simultaneously the optimal investment policy and the optimal dividend policy … (partially) unhedgeable risk. The perspective that we choose is from an insurance company that maximises the stream of dividends … paid to its shareholders. The policy instruments that the company has are the dividend policy and the investment policy …

insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting …

framework to identify the systematic ESG risk factor through the orthogonal spread between a broad market and an ESG … portfolio’s ESG quality and improve the portfolio's risk-adjusted return during the out-of-sample period. Our double-index model … can help investors analyze how the systematic ESG risk is relevant to future risks or returns and provide a tractable …

-related underwriting risk from issuers to capital markets. This paper addresses key, unanswered questions concerning Cat bonds and offers … less exposure to catastrophe risks and overall less need to hedge catastrophe risk. These results show that the access to … bonds are found to experience a reduction in their default risk relative to non-issuing firms and our results, therefore …

, rather than risk-shifting, explaining the decision to overpay. We also find that CEO overconfidence and catering incentives …

,760 firm-year observations. We prepared regression models for the dividend and investment ratio depending on the company … cash flow hypothesis and signaling theory of dividends. Dividends and investment might be a tool to mitigate managerial … situation. The results contribute to the literature on firms' investment- and dividend-cash flow sensitivity and the order of …