, settlement risk, short squeeze risk and financing risk. The fund manager primarily is targeting financial, micro and macro … spreads, settlement risk, short squeeze risk and financing risk affects negatively the performance of event driven hedge funds …

Insurance activities cannot be solely based on pooling arguments as issued policies share common risk drivers which can … discuss the demand for reinsurance. Moral hazard issues and alternative risk transfer mechanisms (securitization) are studied … realistic frameworks where background risk, counterparty risk, regulatory constraints and risk measures are taken into account …

-probability fearsome risk, people often exaggerate the benefits of preventive, risk-reducing, or ameliorative measures. In both personal …

In this study, I develop a novel methodology to extract crash risk premia from options and stock markets. I document a … dramatic increase in crash risk premia after the 2008/2009 nancial crisis, indicating that investors are willing to pay high … financial and industrial sectors. At the same time, crash risk premia on the market index remained at pre-crisis levels. I …

convexity results in a 21% increase in a firm's crash risk after controlling for managerial price-increasing incentives. In … positive jump risk. We exploit an exogenous shock to compensation convexity, arising from a change in the expensing treatment … suggest that managerial equity compensation portfolios do not augment a firm's future idiosyncratic crash risk because they …