When firms approach distress, whether they engage in asset substitution (risk shifting) or rebuild equity (risk management) may depend on their access to capital markets. The property-casualty insurance industry has two features that make it ideal for testing this hypothesis: (1) the main losses...

The financial system in the Kingdom of Saudi Arabia (KSA) has a history of relative soundness, particularly in banking, due to comparatively strict and enforced domestic supervision, and supported by what has been for the most part a reasonably robust economy. However, the sector is facing...

Using real-time customer data holds great potential for the insurance industry. The frequency and relevance of interactions can be improved to provide assistance in real time. Better prevention and risk management can significantly improve pricing and reduce losses. These changes, however, hold...

The aim of this paper is to measure the efficiency of insurance companies in Saudi Arabia using data envelopment analysis (DEA), to analyse the effectiveness of underwriting processes primarily inputs and outputs are determined. Moreover, this study aims at comparing the efficiency of Takaful...

We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that incorporates the effects of uncertainties associated with climate and the economy from a calibrated DSGE model. We allow for different aversions to risk and intertemporal fluctuations,...

Jelen tanulmány célja, hogy bemutassa a hazai egészségügyi és szociális szektorban tevékenykedő társadalmi vállalkozások üzleti működési modelljeinek bizonyos fajtáit. A cikk statisztikai adatok elemzésén és négy esettanulmány részletes bemutatásán alapul. A kutatás...

OBJECTIVES: PAM-13 is a measure of the knowledge, skill, and confidence for managing one’s own health. We developed the Hungarian version of the PAM-13 instrument and tested its psychometric properties. METHODS: In linguistic adaptation and psychometric testing, we followed the WHO and COSMIN...

The broadly used pay-as-you-go (PAYG) pension system is intrinsically wrong. The essenceof the problem is that the PAYG system distributes the yield of raising children, i.e., of human capitalinvestment (which is essentially the pension contribution), in such a way that it disregards the...

Dolgozatunk fő célja a jelenleg a budapesti vendéglátóipari és egészségügyi szakképzésben részesülő diákok jövőjének, szakmai kilátásainak vizsgálata. Középpontba a technológiai fejlődés okozta jövő- és jelenbéli változások és a szakmák kapcsolatát helyeztük a...

A tanulmány rövid összegzést ad arról, hogy megállapítható-e az államok nemzetközi jogi felelőssége a SARS-CoV-2-járvánnyal kapcsolatos megfelelő megelőző intézkedések elmaradása kapcsán. A cikk első fele bemutatja, hogy az államokat milyen etikai kötelezettségek...

For decades, global food security has not been able to address the structural problem of economic access to food, resulting in a recent increase in the number of undernourished people from 2014. In addition, the FAO estimates that the number of undernourished people drastically increased by...

A jelen cikk alapját képező #kommlab (Budapesti Corvinus Egyetem) kutatás az idősek tájékoztatását és támogatását szolgáló magyarországi önkormányzati szereplők által folytatott kommunikációt vizsgálta a 2020-as Covid-19 koronavírus-járvánnyal összefüggésben. A...

BACKGROUND: Psoriasis is frequently accompanied by metabolic syndrome. Effect of anti-tumor necrosis factor therapies on increases in body weight is well-known. Data on the effects of interleukin-17 inhibitors are limited. Authors determined the effect of anti-interleukin-17 therapies on the...

Why should I read this? Because it is worth to know the logical struchrre of the solutions (and the solutions themselfs) make the long term plamring of the life cycle possible. Because you can know the matematical models behind one of the most bigger financial sector. Because you can recognize...

Ebben a cikkben a magyar fedezetlen bankközi forintpiac szerkezetének és hálózatának időbeli alakulását vizsgálom a koronavírus megjelenése előtti 2019. évben és a koronavírus megjelenését követő 2020. évben. Bemutatom a piac olyan általános jellemzőit, mint a forgalom...

The COVID-19 pandemic has been a major stress test for the agri-food system. While most research has analysed the impact of the pandemic on mainstream food systems, this article examines how alternative and local food systems (ALFS) in 13 countries responded in the first months of the crisis....

A COVID-19 turisztikai hatásait vizsgáló kutatások sora jelent meg az elmúlt időszakban, melyek leginkább az átalakuló utazói preferenciákat vizsgálják (Güliz Uğur–Akbiyik 2020, VARGAS 2020, Li–Ito 2021, UKPABI et al. 2021), ugyanakkor a frissen megjelent publikációk nem...

We use panel data for rural Kyrgyzstan to examine households' international migration response when faced with shocks. Using a household fixed effects regression model, we find that while a drought shock increases the likelihood of migration, winter and earthquake shocks reduce the likelihood of...

We offer a theory of how the combination of budget constraints and insurance drives up prices. A natural context for our theory is the health care market, where drug prices can be very high. Our model predicts that monopoly prices for orphan drugs are inversely related to the prevalence up until...

We use panel data for rural Kyrgyzstan to examine households' international migration response when faced with shocks. Using a household fixed effects regression model, we find that while a drought shock increases the likelihood of migration, winter and earthquake shocks reduce the likelihood of...

This paper documents earnings dynamics over the life-cycle and income level using a large administrative database from German tax records. I find that labor earnings display important deviations from the typical assumptions of linearity and normality. For the bottom earners, large income changes...

We introduce a new method for dynamic clustering of panel data with dynamics for cluster location and shape, cluster composition, and for the number of clusters. Whereas current techniques typically result in (economically) too many switches, our method results in economically more meaningful...

The social cost of carbon is the expected present value of damages from emitting one ton of carbon today. We use perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow for different aversion to risk and intertemporal...

The paper reflects on academic literature on the international normative and institutional framework related to hate crimes. Various theoretical and pragmatic issues have been discussed by academic authors, such as the challenges coming with the obligation of states to record hate crimes or to...

With the ongoing Covid19 pandemic, the adoption of policies and measures restricting mobility can be observed all over the world. This paper notes that the relationship between migration and development is circular and complex, embracing both negative and positive impacts. It explores the...

The evolution of social/physical distancing narratives throughout the COVID19 pandemic has left the concept itself ambiguous and vague while cutting through the borderlines between private and public. In the case of Serbia, economy-driven policies have shifted the focus from isolation, solitude...

The article explores the relationship between social and economic aspects of the integration of Soviet immigrants in Hungary and Austria. Relying on the analysis of narratives collected through digital ethnography, the article describes paths of integration of former Soviet citizens in Hungary...

This study analyses the long- and short-term dynamics of the determinants of insurance penetration for the period 1999Q1 to 2019Q4 in 15 West African countries. The panel auto regressive distributed lag model was used on the quarterly data gathered. A cointegrating and short-run momentous...

In this paper, we try to cover a whole range of polices and schemes that have been undertaken in Indiato finance disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby integrating DRR and climate change adaptation strategies for...

In this paper, we try to cover a whole range of polices and schemes that have been undertaken in Indiato finance disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby integrating DRR and climate change adaptation strategies for...

To explore long-term changes in intra and inter-class choices between generic compounds, this paper investigates the market trends of two antihypertensive drug classes that have closely related pharmacological mechanisms—angiotensin convertase enzyme inhibitors (ACEIs) and angiotensin receptor...

This study attempts to identify a relationship between the perception of corporate social responsibility (CSR) and the business philosophies (Machiavellianism, moral objectivism, legalism, ethical relativism, social Darwinism) among Hungarian business students. The goals of the investigations...

This article presents the results of a project funded by the Research Council of Lithuania: ‘Public policy solutions and their improvement to overcome the COVID-19 crisis in Lithuanian municipalities: solution tools and service delivery.’ The research methodology is based on street-level...

The latest wave of refugees, which peaked in 2015, raises the question of what we mean by integration, not only in terms of the rules adopted in the EU, but also in terms of the social inclusion of individual refugees and their families. This is because the concepts in the literature, in EU...

The European Insurance and Occupational Pensions Authority suggests that as the coronavirus disease 2019 (COVID-19) pandemic has caused significant disruption to the economy, businesses, and people’s lives, national supervisory authorities should mitigate the pandemic's impact on the European...

We analyze the timing, magnitude, and income dependence of pharmaceutical panic buying around the outbreak of the COVID-19 pandemic in Hungary. We use district-level monthly and daily administrative data on detailed categories of pharmaceutical purchases, merge them to income statistics, and...

Objectives: Dermatology Life Quality index (DLQI) is the most widely used health-related quality of life questionnaire in dermatology. Little is known about existing questionnaire or scoring modifications of the DLQI. We aimed to systematically review, identify, and categorize all modified...

The COVID-19 crisis has revealed the economic vulnerability of various countries and, thus, has instigated the systematic exploration and forecasting of sovereign default risks. Multivariate statistical and stochastic process-based sovereign default risk forecasting has a 50-year developmental...

The year 2020 was dominated by the Covid-19 pandemic, which created a modus operandi of ongoing crisis management. Indeed, ensuring the safety of people at the same time as facing the unavoidable economic and social setbacks presented a truly severe challenge. In the shadow of the pandemic,...