Many people can now see that the EU project has lost touch with the normal arrangements that govern successful western economies. But less obvious is that the EU’s financial system and its legal underpinnings are weak. As this analysis shows, EU law sidesteps the Basel standards – the...

Objective: The purpose of this paper is to evaluate empirically the relationship or effects of supply chain macro and micro risks on logistics performance in the context of an emerging African economy. Design and Approach: This study is based on a questionnaire survey carried out between January...

Risk is outside everywhere, and it may impact us more or less. The evolution of technology improves our social and economic life, and also most of the same time, it is the technology that exposes us to the risk of disaster. Disaster may have many faces and even we are aware and think that we are...

In the last decade, financial regulations have focused on issues posed by systemic risk. The derivatives market has been the subject of structural reforms which have involved both the post-trade — Regulation (EU) No. 648/2012 (‘EMIR’) — and the trading phase — Directive 2014/65/EU...

This paper looks at the disruption in food supply chains due to COVID-19 induced economic shutdown in India. We use a novel dataset from one of the largest online grocery retailers to look at the impact on product stock-outs and prices. We find that product availability falls by 10 percent for...

In this paper we analyze the source and magnitude of marketing gains from selling structured debt securities at yields that reflect only their credit ratings, or specifically at yields on equivalently rated corporate bonds. We distinguish between credit ratings that are based on probabilities of...

Backtesting methods are statistical tests designed to uncover excessive risk-taking from financial institutions. We show in this paper that these methods are subject to the presence of model risk produced by a wrong specification of the conditional VaR model, and derive its effect on the...

Part of the advantages of using open innovation (compared to closed innovation) in corporate venturing can be explained by applying the real options approach. Open innovation in risk-laden activities such as corporate venturing has the following advantages: (i) benefits from early involvement in...

This paper adopts and reviews discretionary disclosure and cheap talk models to analyze risk reporting incentives and their relation to regulation. Given its inherent discretion, risk reporting depends on disclosure incentives. To assess these incentives the analytical models consider risk...