In investment, particularly in the portfolio management, the risk and returns are two crucial measures in making … associated risk of shares, and of the portfolio of the shares. The illustrations of tables and figures can significantly … contribute to the understanding of a reader in relation to portfolio management of risk and returns. The illustrative table and …

This paper employs contingent claims analysis to decompose the firm's systematic risk into the risk as- sociated with … its assets in place and the risk arising from future growth opportunities. 5 Contingent claims analysis is well-suited to … by the firm's growth opportunities, the higher the stock risk. Overall, our empirical results strongly support this …

This paper documents that when a southern California home gets designated to a wildfire risk zone, its price drops by … 11% relative to homes just outside the designation boundary. Whereas the risk designation is discontinuous, the … underlying risk is continuous — suggesting the price effect is due to greater risk salience rather than greater risk. Moreover …

interest rate risk management. This article presents empirical test of duration and convexity of Zero-Coupon Bonds( ZCBs )at … related indirectly and insignificantly to the immunization risk inherent in a bond portfolio. The main goal of this study is …

Investment managers require a consistent asset pricing model, asset allocation recommendations and risk …, and maximize risk-adjusted returns as opposed to expected utility) provides recommendations on the three facets that are … markedly different from the foundational papers of Modern Portfolio Theory (MPT). This is important as Goals-based Investing …