The so-called risk diversification principle is analyzed, showing that its convenience depends on individual …

An accurate assessment of the risk of extreme environmental events is of great importance for populations, authorities … and the banking/insurance/reinsurance industry. Koch (2017) introduced a notion of spatial risk measure and a … corresponding set of axioms which are well suited to analyze the risk due to events having a spatial extent, precisely such as …

diversification in different asset classes across dissimilar markets or imposing risk budgets on individual assets and/or asset … index, in the face of risk budgeting and other investor specific constraints. Adopting Diversification Ratio for its … diversification index and enforcing risk budgets on the individual assets as well as on asset classes turns the transformed problem …

, each focused on different objectives: minimization of risk, maximization of capital diversification, and uniform … models (Minimum-Risk, Capital and Risk Diversification) work on seven investment universes, each with different sources of … distribution of risk allocation. This latter approach, also called Risk Parity (RP) or Equal Risk Contribution (ERC), is a recent …

When should a firm diversify its supply base? Most extant theories attribute supplier diversification to supplier risk …. Herein, we develop a new theory that attributes supplier diversification to buyer risk. When suppliers are subject to the … risk of buyer default, buyers may take costly action to signal creditworthiness so as to obtain more favorable terms. But …