Topic
Financial risk
About: Financial risk is a research topic. Over the lifetime, 11899 publications have been published within this topic receiving 231404 citations. The topic is also known as: economic risk.
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TL;DR: In this paper, a multi-stakeholder Many-Objective Robust Decision Making (MORDM) framework is proposed to better account for deeply uncertain factors when identifying cooperative drought management strategies.
59 citations
TL;DR: In this article, the authors examined psychological determinants of saving for a financial buffer, for which a theoretical model was formulated based on the theory of planned behaviour with three domain-specific psychological constructs: financial risk tolerance, regulatory focus and perceived saving barriers.
Abstract: With governments redistributing more responsibilities unto citizens, individuals have an increasing need for financial resources acting as a buffer against life’s setbacks and unexpected expenditures. The purpose of this study was to examine psychological determinants of saving for a financial buffer, for which a theoretical model was formulated based on the theory of planned behaviour with three new, domain-specific psychological constructs: financial risk tolerance, regulatory focus and perceived saving barriers. Data were collected with an online questionnaire that utilised convenience and snowball sampling to target both students and working individuals (N = 272). Regression analyses offered support for the proposed model, showing that participants’ financial risk tolerance (i.e. an individual’s attitude towards financial risk taking) was significantly associated with their subjective financial knowledge and regulatory focus. Furthermore, perceived financial self-efficacy and financial risk tolerance both predicted participants’ intention to save for a financial buffer. In turn, perceived financial self-efficacy and saving intention predicted self-reported saving behaviour. Importantly, perceived saving barriers mediated the relationship between saving intention and self-reported saving behaviour. In line with the proposed model, results also showed that a specific attitude-based construct (financial risk tolerance) is a considerably better predictor of saving intention than general measures of attitude towards saving. This study is also the first to demonstrate that regulatory focus influences financial risk tolerance. Implications of these findings for stimulating saving behaviour are discussed.
59 citations
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TL;DR: In this paper, an information variable for financial stability consisting of a composite index and its related critical boundaries is presented, which is an extension of a Financial Conditions Index with information on financial institutions.
Abstract: This paper presents an information variable for financial stability consisting of a composite index and its related critical boundaries. It is an extension of a Financial Conditions Index with information on financial institutions. The indicator is bounded, on one side, by the instability boundary which depends on the solvency buffers of the institutions and the stress level on financial markets. On the other side, the imbalances boundary signals when extreme imbalances accumulate. This concept is applied to the Netherlands and six OECD countries which experienced a financial crisis.
59 citations
TL;DR: In this article, the authors discuss policy instruments for advancing large-scale deployment of CO 2 capture and storage (CCS) in the European Union, and evaluate them in a multi-criteria analysis.
59 citations
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59 citations