We examine hurricane exposure as a systematic risk factor in the US stock market.
Motivated by a consumption-based asset pricing model with heterogeneous agents, we …

The aim of this paper is to propose the first mathematical model for spillover effects caused
by operational losses and to calibrate it based on an extensive empirical study of spillover …

We empirically examine the effect of local religious beliefs on the risk-taking behaviour of US
life insurers headquartered in that region. We distinguish between insurers that …

We use the classic and modified Fama-French models to estimate the cost of capital of stock
portfolios listed on selected markets. We compare four highly developed markets (US, EU …

A large body of research has examined abnormal stock returns for insurance companies in
the wake of major catastrophes. Most of these studies have investigated the ex ante factors …

The potential that abnormal returns are due to a misspecified expected (normal) return
model is well known in the event study literature. Prior research shows that this “bad-model …

Insurer investment returns are taxed in the United States at the corporate level and at the
personal level when they are distributed to shareholders. This paper examines the …

Using the interview results of 26 experienced scholars, managers, and professional stock
traders in conjunction with findings of recent studies in economics, we proposed an …

Securing an adequate supply of dispatchable resources is critical for keeping a power
system reliable under high penetrations of variable generation. Traditional resource …

This research is applied research with descriptive research methods using secondary data.
The purpose of this study is to find out which stocks are efficient and inefficient by using the …