correlated default risk structure and counter-party risk. The multinomial model established by Kamrad and Ritchken (1991) is … default risk, the existence of counter-party risk results in a substantially lower valuation of credit derivatives. In …

language affect the likelihood that taxpayers hold CPAs “responsible” for additional tax assessments, a broad measure of risk … practice risks. Our factor analysis identifies two risk constructs relating to client loss and reimbursement. MANCOVA shows …

This study utilizer systematic risk as measured by its accounting beta to proxy IPO ex ante risk for examining the … relationship between risk and underpricing. Unlike the IPO's standard deviation for returns, the risk measure employed by Ritter … accounting beta and the subsequent degree of underpricing. Thus, our finding suggests that systematic risk, as measured by an …