This study uses property/liability insurance industry as research sample to examine how risk management, financial management, and capital management are related to each another, thereby reflecting such interactions in the managerial decisions in the choice of derivative and reinsurance use, in the allocation of asset risks, in the determination of underwriting activities as well as liability r...

We investigate the relationship between monetary policy and banks’ risk-taking behavior. set up a simple model in which risk averse bank awards loans to firms also manages financial investment portfolio consisting of risky risk-free asset. When signs credit contracts with firms, it takes into account their solvency potential gains from outside strategies under aversion, contrast standard approa...

The assigned purpose of this paper is to explore new opportunities in liquidity management. The term is understood to mean a profitable mix of asset and liability management in the demanding new economic environment that is developing. My own preference is for the term "balance-sheet management" as a more accurate and concise way to describe the process. To establish a kind of controlling conte...

This paper investigates the optimal asset allocation of a financial institution whose customers are free to withdraw their capital-guaranteed contracts at any time. In accounting for asset-liability mismatch risk institution, we present general utility optimization problem in discrete-time setting and provide dynamic programming principle investment strategies. Furthermore, consider an explicit...

Sovereign wealth funds (SWFs) started making the headlines in the midst of the global financial crisis. They were welcomed neither by academics nor by politicians of Western countries. In a flurry of 2008 papers SWF were peremptorily told what they should and shouldn’t do. The reasoning underlying the prescriptive norms was flawed in two respects. First it simply equated SWFs to other instituti...

Purpose This paper aims to understand how immigrant entrepreneurs use digital opportunities overcome the liability of newness and foreignness an immigrant's ethnicity can be digitally performed as asset in business. Design/methodology/approach The study adopts inductive multiple case approach using social media content. data consist over 3,500 posts, images screenshots from Facebook, Instagram ...

The problem of asset liability management (ALM) is a classic the financial mathematics and great interest for banking institutions insurance companies. Several formulations this under various model settings have been studied Mean-Variance (MV) principle perspective. In paper, ALM revisited context uncertainty in one-stage framework. practice, issues appear to several aspects problem, e.g. proce...