The risk management arena engulfs a wide breadth of issues ranging from hedging instruments to risk strategies for multinational giants, and from natural to man-made disasters across the world. When newly developed economies with non-traditional corporate structures come on stage, then the risk...

Argues that the Greek secondary bond market (opened in March 1999) needs a specific index to approximate its market portfolio for measuring systematic risk (beta) since the Athens Stock Exchange (ASE) index may be misleading. Puts forward a weighted index and explains the five steps involved in...

Assesses the 1995‐1998 performance of 17 equity mutual funds operating in the Greek financial market, explains the calculations involved and reviews relevant research. Ranks the funds by daily, weekly, monthly and total return for the period and compares them with the general Athens Stock...

The capital asset pricing model, using as an approximation of the market portfolio the General Index of the Athens Stock Exchange, has been applied extensively to measure the risk of the bond mutual funds operating in the Greek financial market. This article argues that the General Index of the...

Outlines Warren and Shelton’s system for modelling a firm’s operations as a set of simultaneous equations, its limitations and the addition of Monte Carlo simulation into it by Coats and Chesser. Develops these ideas further and applies the new simulation model to a Greek clothing firm to...