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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Patent•
15 Sep 2005
TL;DR: In this paper, the authors developed a system and methods for assessing a particular loan's financial risk due to process variations that have occurred in the underwriting and closing of the loan.
Abstract: The invention relates to the development of systems and methods for assessing a particular loan's financial risk due to process variations that have occurred in the underwriting and closing of the loan The financial risk associated with a particular loan is expressed in terms of a quantitative score (a financial risk score) indicating the probability of the loan being defaulted on The systems and methods of the invention provide purchasers of loans with a means to predict, in advance of purchasing a particular loan, the probability of the loan being defaulted on Lenders who conduct quality control reviews and analyses of denied loan applications, as well as investors who wish to determine the regulatory risk associated with a loan, will also find use for the financial risk score generated by the systems and methods of the invention
146 citations
TL;DR: In this paper, the authors present an analysis of the literature on systemic financial risk and identify the most influential articles in this field of research and the articles that compose the mainstream research on systemic risk.
146 citations
TL;DR: In contrast to the controversial LICAP, the author in this paper relies on standard hedging instruments that a mature energy-only market can support without regulatory intervention, which is a risk trading arrangement where the consumers assume some of the investment risk, in exchange for reducing their price risk.
146 citations
TL;DR: In this paper, the authors present the case for financial risk analysis in energy efficiency in the buildings sector and describe emerging market-based opportunities in risk management for energy efficiency, and describe techniques and examples of how to identify, quantify, and manage risk.
145 citations
TL;DR: Wang et al. as mentioned in this paper examined potential effects of financial literacy on household portfolio choice and investment return, an indicator of financial wellbeing using data from the 2014 Chinese Survey of Consumer Finance, financial literacy was measured and further categorized into basic financial literacy and advanced financial literacy.
Abstract: This study examined potential effects of financial literacy on household portfolio choice and investment return, an indicator of financial wellbeing. Using data from the 2014 Chinese Survey of Consumer Finance, financial literacy was measured and further categorized into basic financial literacy and advanced financial literacy. This study tested the hypothesis that financial literacy affects household choice between stock and mutual fund. The results indicated that households with higher financial literacy, especially those with higher level of advanced financial literacy tended to delegate at least part of their portfolio to experts and invest in mutual fund. However, households who were overconfident about their financial literacy tended to invest by themselves and were more likely to hold only stocks in their portfolios. The findings also indicated that households with higher financial literacy had a better chance of receiving a positive investment return, suggesting that higher financial literacy may result in a better financial outcome.
145 citations