Introduction to the special SERRA issue on “Risks, Uncertainties and the Environment”

Wu, Desheng Dash

doi:10.1007/s00477-010-0368-1

Cited by 11 publications

(1 citation statement)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The problem and the interaction between it and financial risks can be used to control the macro financial risks. The "W-O" comprehensive risk management methodology reveals five characteristics of risk: uncertainty, dynamics, interconnectivity, conflict, complexity Wu, 2008, 2011;Wu, 2011;Wu et al, 2014). This methodology provides a good theoretical support for classifying and disposing of financial risks in China.…”

Section: Literature Review 21 Financial Risk Contagionmentioning

confidence: 99%

Debt risk analysis of non-financial corporates using two-tier networks

Cao

Lei

2020

IMDS

View full text Add to dashboard Cite

PurposeNon-financial corporate debt is one of the important sources of systematic risk in the real economy. Assessing a measure of systematic risk in corporation debt is currently a key challenge. In this regard, we propose a two-tier risk contagion networks model.Design/methodology/approachAssessing a measure of systematic risk in corporation debt is currently a key challenge. In this regard, we propose a two-tier risk contagion networks model based on four dimensions: concept definition, data structure, risk contagion network construction, and risk measurement indicators construction. We take the Jiangsu bond issuer guarantee network as a sample area.FindingsTaking the Jiangsu bond issuer guarantee network as a sample area, we find that there is a strong correlation between the debts of non-financial corporation in China, and it is easy to become a potential regional systematic risk source. In addition, our empirical research also reveals that external risk exposure and node degree of network are two key indicators when identifying key risk-contagion enterprises.Originality/valueThe main contributions of this study are two-fold. First, this article proposes a two-tier risk contagion networks model to measure systematic risk in non-financial corporation. Second, this article describes the structure of the corporate risk contagion network.

show abstract

Section: Literature Review 21 Financial Risk Contagionmentioning

confidence: 99%