We utilize network analysis to evaluate the relationship between firms' characteristics and board of director networks. In a sample of 20 largest firms by market value from the energy and the utility industrials, 10 from each sector, we cluster the firms by their firm-level characteristics, as...

In this paper, we examine the impact of regulation on the risk culture of U.S. insurance firms, to address the refocused attention on federal insurance regulations after the 2008 financial crisis. To better understand the risk culture of insurers, we apply textual analysis and unsupervised...

Although risk culture is a key element in the risk management process, identifying the riskculture of a firm can be challenging due to the abstract concept of culture. We introduce textmining and unsupervised machine learning algorithms to define the risk culture for U.S. bankholding companies...

We study the effects of transparency disclosures on the risk culture, corporate culture, and performance of U.S. banks. Using stress test regulation, textual analysis, and a regression discontinuity design, we exploit the regulation's quasi-experimental properties around the bank-size policy...

We develop a flexible forward contracting mechanism for renewable generators with intermittent and uncertain power supply. Such a contract allows the renewable generators to engage in forward contracts in day-ahead markets with flexible loads. In our proposed contracting mechanism, the renewable...

We introduce a minimum spanning tree framework to describe the risk dependencies and interactions of both total and idiosyncratic risk in the energy sector. We apply the framework to equity and CDS spread data of 51 domestic and 116 international energy firms, both non-renewable and renewable,...