approach based upon the psychology of investors. In this approach, security expected returns are determined by both risk and …

’ corporate governance structures and risk management systems. These reforms have given rise to stronger Chinese banks which have …

tendency is still going on in the securities firm business (Coşkun, 2009a: 2). In this process, some argue that risk management … specific risks is also important to develop ideal risk management framework for securities firms. Therefore, in this article …

reliance of European investors on banks and build up a market-based risk-sharing channel between member states. Our empirical … provide evidence that (i) financial flows are generally pro-cyclical; (ii) market-based risk-sharing mechanisms tend to break … systemic financial crisis. During the Great Recession, failing market risk-sharing was replaced by the ECB through the cross …

empowers students to utilize the provided code for key financial tasks, including portfolio management, risk analysis, and …