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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01 May 2019
TL;DR: In this article, the Sendai Framework for Disaster Risk Reduction (SFDRR) is reviewed and the implications for disaster risk management in low-lying countries and small island developing countries.
Abstract: This viewpoint reviews key assessments from the IPCC Special Report on Global Warming of 1.5 °C and examines the implications for the Sendai Framework for Disaster Risk Reduction (SFDRR). Disaster risks are expected to be higher at 1.5 °C and continue to increase at 2 °C. Current and future disaster risk management particularly those that deal with the impacts of coastal flooding, heat-related health impacts, sea level rise, and forest fires are to be strengthened, particularly the Arctic, Caribbean, SIDS and low-lying coastal areas are particularly at risk. SFRDRR implementation requires focusing on low-lying countries and Small Island Developing States, complemented with development of financial risk sharing and insurance mechanisms, and ensuring coherence between SFDRR, Paris Agreement and the Sustainable Development Goals.
108 citations
01 Jan 2001
TL;DR: In this paper, the survey of consumer finances (SCF) offers researchers one of the most popular sources of data for the study of financial risk tolerance, and two studies were designed to test the concurrent validity of the SCF financial risk-tolerance assessment question.
Abstract: The Survey of Consumer Finances (SCF) offers researchers one of the most popular sources of data for the study of financial risk tolerance. This paper reports findings from two studies that were designed to test the concurrent validity of the SCF financial risk tolerance assessment question. Comparisons between the commonly used one-item SCF assessment measure and a 13-item risk-tolerance assessment index were undertaken. Results of the concurrent validity analyses suggest that the SCF question does not represent the full spectrum of financial risk tolerance, but might reflect investment choice attitudes
108 citations
TL;DR: In this paper, the authors argue that the monetary policy that is appropriate during an episode of financial market disruption is likely to be quite different than in times of normal market functioning, and they argue that a systematic approach to risk management requires policymakers to be preemptive in responding to the macroeconomic implications of incoming financial market information, and decisive actions may be required to reduce the likelihood of an adverse feedback loop.
108 citations
Journal Article•
TL;DR: In this article, the authors employ a new high frequency (monthly) panel data for the Brazilian banking system with information at the bank level for loans by economic sector and find that loan portfolio concentration increases returns and also reduces default risk.
108 citations
TL;DR: In this paper, the role of compensation and risk committees in managing and monitoring the risk behavior of Australian financial firms in the period leading up to the global financial crisis (2006-2008) was examined.
Abstract: This paper examines the role of compensation and risk committees in managing and monitoring the risk behaviour of Australian financial firms in the period leading up to the global financial crisis (2006-2008). This empirical study of 716 observations of financial sector firms demonstrates how the coordination of risk management and compensation committees reduces information asymmetry. First, we show that the compensation committee motivates risk-taking, revealed by the positive association with risk. In contrast, a large risk committee reduces risk-taking. Next, we show that firms experiencing increasing risk benefit from a compensation committee when directors are independent, have professional qualifications, industry and board experience and frequent meetings and a large risk committee. Finally, when a director is a member of both committees there is a positive association between risk and firm performance thus reducing information asymmetry between committees. A director with dual committee membership is able to oversee the association between the firm’s risk exposure and the proportion of risk-taking incentives in compensation packages. The findings have theoretical and practical implications for the current debate on how to improve the governance of financial institutions.
107 citations