Global economic crises can have a significant impact on businesses across different sectors, often leading to difficulties or even insolvency. In such a situation, organizational resilience is often considered a means to ensure the competitive advantage. Although the concept has gained...

The paper develops a conceptual framework for the analysis and management of catastrophic risk. The framework serves to assess rare extreme events in systematic, quantitative and consistent ways. It dispenses with probabilistic extreme value theory, concentrating on descriptive statistics and...

Part I: Fundamentals and Pricing of Options and Futures -- Chapter 1. Fundamentals of options -- Chapter 2. The Black-Scholes model incl. the Greeks -- Chapter 3. Fundamentals and pricing of futures -- Part II: Option strategies -- Chapter 4. Basic strategies with options and bullish option...

Comparative studies investigating the estimation accuracy of statistical methods often arrive at different conclusions. Therefore, it remains unclear which method is best suited for a particular estimation task. While this problem exists in many areas of predictive analytics, it has particular...

Data-driven business models imply the inter-organisational exchange of data or similar value objects. Data science methods enable organisations to discover patterns and eventually knowledge from data. Further, by training machine learning models, knowledge is materialised in those models. Thus,...

This reprint concerns methods of data analysis for risk management in economics, finance, and business. The presented papers contain research on data analysis methods, including classical statistical methods, and machine learning methods that have emerged from statistics and are being...

In 2018, the International Accounting Standards Board (IASB) introduced International Financial Reporting Standard 9 (IFRS 9), which sets out principles for hedge accounting and replaces International Accounting Standard 39 (IAS 39). IFRS 9 aims to provide better information about companies'...

Procyclicality of credit supply, which refers to the simultaneous movement of credit issued to the non-financial sector alongside economic activity indicators, can create a destabilizing feedback loop between the banking system and the real economy. The impact of credit supply on the financial...

Purpose - As cryptocurrencies continue to gain viability as an asset class, institutional investors and publicly traded firms have started taking investment positions in digital currencies. What firms may not be considering, however, is the effect these assets may have on their risk profiles....

Showcases examples of innovative public-private risk-transfer programs for weather and disaster- related insurance and the essential role governments have in providing access to affordable insurance.