Journal of Risk Finance: Volume 9 Issue 5

Combining information about … combining information

Michael R. Powers

This editorial aims to consider certain aspects of the parallel development of statistics and actuarial science that are instructive in understanding the value of intellectual…

Incentive incompatibilities and arbitrage opportunities

Emilio Venezian

The paper aims to examine the practical importance of the finding of Mayers and Smith, that underinvestment is a problem when debt exposed to bankruptcy is part of the financial…

Rational or irrational expectations? Evidence from China's stock market

Feng Gao, Fengming Song, Jun Wang

The paper aims to test the rational‐expectations hypothesis using data from the Chinese stock market.

Recapitalization, mergers, and acquisitions of the Nigerian insurance industry

S.A. Aduloju, A.L. Awoponle, S.A. Oke

Recapitalization, mergers, and acquisitions are the most crucial issues confronting the Nigerian Insurance Industry (NII) in recent times. Yet information relating to these issues…

Trading indicators with information‐gap uncertainty

Colin J. Thompson, Anthony J. Guttmann, Ben J.P. Thompson

This paper aims to provide a new quantitative methodology for predicting turning points and trends in financial markets time series based on information‐gap decision theory.

Jump liquidity risk and its impact on CVaR

Harry Zheng, Yukun Shen

The aim is to study jump liquidity risk and its impact on risk measures: value at risk (VaR) and conditional VaR (CVaR).

Estimation of VaR in conditional heteroscedastic models for principal‐protected notes

Fen‐Ying Chen

The aim of this paper is to examine the accuracy of GARCH and provide a comparison of GARCH‐type and the other time series models in financial commodity markets.

The wicked problem of good financial markets

Michael Mainelli

Note from the publisher

Vicky Williams