The traditional approach of portfolio benchmarking was developed by Markowitz (1952) with his Mean-Variance (M-V) model. The emergence of Capital Asset Pricing Model (CAPM), however, led to the introduction of indices provided by Sharpe (1966), Treynor (1965) and Jensen (1968). Nevertheless,...

The life insurance sector suffers from the problem of policy lapsation which is an undesirable output in the context of this sector. The present paper makes a humble attempt to integrate lapsation risk in the context of efficiency analysis of the Indian life insurance sector for the period...

Prices of commodities are determined by the market forces of demand and supply and susceptible to changes due to changes in market forces. The change in market forces within a short period leads to sharp change in prices leading to price volatility. Price risk is the potential for a future price...