The reaction of EU bond and equity market volatilities to sovereign rating announcements (Standard & Poor’s, Moody’s, and Fitch) is investigated using a panel of daily stock market and sovereign bond returns. The parametric volatilities are filtered using EGARCH specifications. The...

The aim of this study is to identify the internal determinants of profitability of Turkish banks in the period of 2002-2009. The importance of the study derives from the fact that finding out the mentioned determinants is a necessity for both the managers of Turkish banks who successfully...

In this study, we examine the perceptions of individual shareholders during Swiss annual general meetings (AGMs). Using AGMs as a corporate governance device has become ineffective; a panel of experts has called on small shareholders to increase their involvement in order to improve meeting...

This paper presents a global preprocessing methodology for handling uncertainties in operations management. Beyond theoretical considerations on solution feasibility, the methodology provides practitioners with a Monte Carlo simulation-based framework for effective risk management. The main...

This paper considers a location-routing problem in a supply-chain network with a set of producer–distributors that produce a single commodity and distribute it to a set of customers. The production capacity of each producer–distributor varies randomly due to a variety of possible...

There is a misplaced notion that Risk Management and Business Development are at cross-roads, which is based on the premise that the Business Managers tend to compromise in certain areas of Risk Management in the interest of the business growth. But, in the larger interests of the Risk...

Active market economy involves various risks for market players. A particular place due to the specifics and significance within the risk classification system belongs to financial risks. In legislative instruments the issue of risks is considered superficially. Accounting Regulation does not...

The European trade and post-trade industries have seen increased competition in the past few years. As a result of the intensifying competitive market pressure, a series of tariff reduction and alterations of risk management models have been implemented by some central counterparties (CCPs) in...

This paper examines the research body of corporate governance which is one of the hot issues in the financial arena nowadays. Discussing salient and current theoretical and empirical works in the stream, paper devotes a special emphasis to financial services industries. Paper implies that there...