Purpose–This paper aims to provide an update to the risk management literature, as it
compiles a survey of 65 recent theoretical and empirical studies on the topic …

This research is aimed to investigate the determinants of financial distress of insurance
companies in Ethiopia using balanced panel data from eleven insurance companies for the …

This paper advances the risk management perspective that superior social performance
enhances firm value by serving as an ex ante valuable insurance mechanism. We posit that …

In recent years, there have been increasing efforts in the corporate world to invest in risk
management and governance processes. In this paper, we examine the impact of Enterprise …

This article identifies an important channel through which excess control rights affect firm
value. Using a new, hand-collected data set on corporate ownership and control of 3,468 …

We propose that stronger creditor rights in bankruptcy affect corporate investment choice by
reducing corporate risk-taking. In cross-country analysis, we find that stronger creditor rights …

The Second Edition of this best-selling book expands its advanced approach to financial risk
models by covering market, credit, and integrated risk. With new data that cover the recent …

We study the implications of hedging for corporate financing and investment. We do so using
an extensive, hand‐collected data set on corporate hedging activities. Hedging can lower …

Growing financial failure at firm-level can have serious consequences for banks in terms of
rising non-performing assets, in the absence of a strong bankruptcy system. Such a scenario …

Purpose The purpose of this study is to empirically investigate determinants of financial
distress among small and medium-sized enterprises (SMEs) during the global financial …