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,...

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...