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    <title>EconStor Collection:</title>
    <link>https://hdl.handle.net/10419/329586</link>
    <description />
    <pubDate>Tue, 28 Apr 2026 11:25:04 GMT</pubDate>
    <dc:date>2026-04-28T11:25:04Z</dc:date>
    <item>
      <title>A comparison of market risk measures from a twofold perspective: Accurate and loss function</title>
      <link>https://hdl.handle.net/10419/329620</link>
      <description>Title: A comparison of market risk measures from a twofold perspective: Accurate and loss function
Authors: Muela, Sonia Benito; López-Martin, Carmen; Arguedas-Sanz, Raquel
Abstract: Under the new regulation based on Basel solvency framework, known as Basel III and Basel IV, financial institutions must calculate the market risk capital requirements based on the Expected Shortfall (ES) measure, replacing the Value at Risk (VaR) measure. In the financial literature, there are many papers dedicated to compare VaR approaches but there are few studies focusing in comparing ES approaches. To cover this gap, we have carried out a comprenhensive comparative of VaR and ES models applied to IBEX-35 stock index. The comparison has been carried out from a twofold perspective: accurate risk measure and loss functions. The results indicate that the method based on the conditional Extreme Value Theory (EVT) is the best in estimating market risk, outperforming Parametric method and Filter Historical Simulation.</description>
      <pubDate>Sat, 01 Jan 2022 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/329620</guid>
      <dc:date>2022-01-01T00:00:00Z</dc:date>
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    <item>
      <title>The implication of corporate social responsibility on the strategic risk of the listed firms in Nigeria</title>
      <link>https://hdl.handle.net/10419/329625</link>
      <description>Title: The implication of corporate social responsibility on the strategic risk of the listed firms in Nigeria
Authors: Chondough, Stephanie M.
Abstract: This study focuses on the implications of corporate social responsibility (CSR) on the strategic risk of the listed financial and non-financial firms in Nigeria. The population of the study consists of 154 firms, while the census sampling technique was adopted to arrive at an adjusted population of 133. The correlation research design was implored using a positivism approach. Descriptive statistics, correlation matrix, multiple regression, confirmatory analysis and T-test were used to analyze the data extracted from the annual report. Hence, the result of the study shows that corporate social responsibility has a negative impact on strategic risk. The confirmatory factor analysis found that CSR engagement influences strategic risk (SRK), but to varying degrees, contradicting findings from the Frontier Model, PCSE, and GLS that both sectors will have similar results if they engage in CSR effectively. It is therefore suggested that the management of strategic risks need to be more integrated in corporate strategy as the capacity to listen to business stakeholders' viewpoints on social and environmental issues becomes a competitive need.</description>
      <pubDate>Sat, 01 Jan 2022 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/329625</guid>
      <dc:date>2022-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Reconstruction of the Slippery Slope Framework tax compliance model</title>
      <link>https://hdl.handle.net/10419/329617</link>
      <description>Title: Reconstruction of the Slippery Slope Framework tax compliance model
Authors: Darmayasa, I Nyoman; Arsana, I Made Marsa; Putrayasa, I Made Agus
Abstract: This study attempts to reconstruct the Slippery Slope Framework (SSF) tax compliance model based on the values of Pancasila as the nation's ideology. This study is a conceptual paper through a literature review. The conceptual based on internalization of the value of Pancasila through historicity, rationality, and actuality. Historically, the SSF compliance model has not fully agreed with the values of Pancasila, which reflects the characteristics of taxpayers in Indonesia. Rationally, the SSF compliance model prioritizes the objective role of tax authorities in their primary task of collecting tax revenues. The reconstruction of the model through the actuality of the nation's ideological value occurs by balancing the role of the tax authority's power with the taxpayers' trust. The reconstruction propositions of the obedience model are based on humanist religious values at the conceptual level. The reconstruction of the SSF compliance model makes the humanist religious assumption the foundation of the tax authority's power as taxpayers' trust increases. The reconstruction model is believed to be able to dynamically transform an antagonistic into a synergistic climate to increase voluntary compliance.</description>
      <pubDate>Sat, 01 Jan 2022 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/329617</guid>
      <dc:date>2022-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Does transaction atmosphere influence the decision-making behaviour of investors?</title>
      <link>https://hdl.handle.net/10419/329619</link>
      <description>Title: Does transaction atmosphere influence the decision-making behaviour of investors?
Authors: Hangl, Christa; Ortner, Matthias Benjamin
Abstract: The profitability of impact investments ranges from a return on investment to market returns. To accomplish social goals, certain investors forgo part of the financial return. This approach opposes the concepts of conventional finance theory, which see the individual as a rational profit-maximizing decision-maker. A quantitative experimental study was conducted with students from the Upper Austria University of Applied Sciences, Steyr Campus, whereby the subjects were divided into two groups. A social Transaction Atmosphere (TA) was created in one group through the targeted use of stimuli. Subsequently, both groups had to make an investment decision in an identical scenario. The aim of the study and point of intersection between transaction cost theory and the social finance (SF)/impact investing (II) area is to analyse the observable "irrationality" in SF/II with reference to the transaction atmosphere as the primary decision-making element. The underlying scientific question investigates the impact of a socially shaped TA on the decision-making of investors. Experiment results demonstrated that the use of stimuli significantly raised the proportion of impact investments to overall investments. This finding suggests that a socially moulded TA is essential for investors' decision-making, whereby receptivity to the stimuli depends on individual investor characteristics, such as moral standard, financial knowledge, and previous experience with investment decisions. The financial aspect continues to play an important role in the decision- making process of investors.</description>
      <pubDate>Sat, 01 Jan 2022 00:00:00 GMT</pubDate>
      <guid isPermaLink="false">https://hdl.handle.net/10419/329619</guid>
      <dc:date>2022-01-01T00:00:00Z</dc:date>
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