Abnormal returns, risk, and financial statement data: the case of the Iraqi invasion of Kuwait

Article Abstract:

The US transportation industry was greatly affected by the six-day Iraqi invasion of Kuwait in 1990 in terms of financial experience. The industry experienced a -2.09% abnormal return and a cross-sectional analysis revealed a 31% variation in abnormal returns due to some significant factors such as firm size, leverage, liquidity and other dummy variables. However, individual firms were barely affected and performance variable was hardly a factor, suggesting the fact that flexible firms cope better with macroeconomic setbacks.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Asymmetries in risk and in risk attitude: the duopoly case

Article Abstract:

Issues are presented concerning the use of a duopoly model to demonstrate the attitude of businesses to risk. The equilibria achieved under asymmetric risk and the influence of uncertainty are discussed.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Value at risk using hyperbolic distributions

Article Abstract:

Issues are presented concerning the benefits of the practical computations of the Value at Risk concept. The benefits of using elliptical and Gaussian distributions are discussed.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: