investment's Value-at-Risk as a reasonable calculation of the worst threat an action appears to make possible, and its return … offer. In exploring the extension of the Value-at-Risk approach from applications to investments in financial assets to … applications to investments in real assets, the properties of Value-at-Risk as a risk measure are reviewed. Recognizing that Value-at-Risk …

Human beings’ decision-making processes are generally influenced by two typical cognitive biases: representativeness … the short-term downside risk shock positively related to future stock returns and makes the long-term downside risk shock …

The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … macroeconomic framework that emphasizes the interconnections between various risk factors, which is the main contribution to the … investigate the long-term equilibrium relationship between airline companies' stock prices, oil price risk, financial market …