PurposeThe purpose of this paper is to construct a financial development index
(FDI) for the Indian economy and also examine the relationship between FDI and
economic growth.Design/methodology/approachAugment Dickey Fuller, Phillips
Perron and Ng Perron unit root tests are employed in order to determine the
level of integration. The long‐ and short‐run dynamics are obtained by using
auto‐regressiv... hiện toàn bộ
PurposeThe purpose of this paper is to look at the main empirical findings
related to the bank‐insurance model and to outline the market practices across
the world. The market dynamics underpinning the bancassurance phenomenon are
analyzed alongside discussions of the various bancassurance products and
bank‐insurance modes of entry.Design/methodology/approachThe paper presents a
brief survey of th... hiện toàn bộ
Incremental value‐at‐risk (VaR) is used to measure the effectiveness of
diversification. However, the statistical properties of the estimated
incremental VaR have not been fully explored. In this article, the author
compares incremental VaR with other VaR‐based risk measures. The article derives
the exact distribution of the estimated incremental VaR, when obtained using
Monte Carlo simulation. Th... hiện toàn bộ
The authors provide the reader with a simple introduction to credit derivatives.
The article includes a broad overview of the market, estimates of the global
market size, and a description of the most widely used products.
PurposeThe purpose of this paper is to present an overview of weather
derivatives markets and to highlight the importance of the contributing factors
for weather risk management such as weather sensitivity, weather forecast, and
economic growth. In this paper, the prospective of using weather derivatives in
Portugal and why Portugal should use such instruments as well as the potential
of Portugal'... hiện toàn bộ
2004 is the year when companies around the world need to move their financial
reporting to the rules laid down by the International Accounting Standards
Board. In this article the chairman of that board, Sir David Tweedie outlines
what this change will mean. He also points out that the success of the process
is down to way that the regulators behave and whether vested interests are
allowed to triu... hiện toàn bộ
PurposeThe purpose of this paper is to discuss whether insurers could have a
strong motivation for M&A in the future because they need to survive within the
industry under oversaturated market conditions. Recently, Japanese non‐life
insurance markets, mainly the automobile insurance market, have reached the
point of saturation due to the oversaturated domestic automobile market. At that
time, the ... hiện toàn bộ
Godfred A.Bokpin, Anthony Q.Q.Aboagye, Kofi A.Osei
PurposeThe purpose of this paper is to examine the extent to which corporate
managers alter their capital structure in response to risk exposures on the
Ghana Stock Exchange (GSE).Design/methodology/approachA panel data covering the
period from 2002 to 2007 was employed under the framework of the seemingly
unrelated regression approach.FindingsThe paper finds that the direction and
magnitude of th... hiện toàn bộ