Tail Risk Transmission: A Study of the Iran Food Industry

We study the sensitivity of stock returns to the tail risk of major equity market indices, including the G10 countries. We model the sensitivity relationship via extreme downside hedging and estimate the parameters via a Bayesian graph structural learning method. The empirical application examines whether downside risk connections among the major stock markets are merely anecdotal or provide a signal of contagion and the nature of sensitivity among major equity markets during the global financial crisis and the coronavirus pandemic. The result showed that the COVID-19 crisis recorded the historically highest spike in the downside risk interconnectedness among the major equity market indices, suggesting higher financial market vulnerability in the coronavirus pandemic than during the global financial crisis.

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Financial Risk Management for Sustainable Agricultural Development Based on Corporate Social Responsibility in the Interests of Food Security

Polukhin

Panarina

2022

Risks

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This paper focuses on the problem of the high financial risks of agricultural entrepreneurship, which hinder the sustainable development of agriculture and do not provide food security. This problem is especially topical in the conditions of the COVID-19 crisis when financial risks are urgent. The research basis is the theory of financial risks of entrepreneurship. This paper’s RQ is as follows: how should financial risks for the sustainable development of agriculture be managed for the provision of food security? The purpose of this paper is to find ways of managing the financial risks of agricultural entrepreneurship based on its corporate social responsibility for sustainable development and the provision of food security. The contribution to the literature is that the authors offer a solution to the problem of the financial risks of agricultural entrepreneurship. The originality of this paper is that the solution is corporate social responsibility. The universal character of the paper is due to the description of the international experience of corporate social responsibility and proving the contribution of this responsibility for the sustainable development of agriculture and food security as well as its demonstration—based on the case experience of modern Russia of specific, effective, and perspective practices of corporate social responsibility that make a significant contribution to the sustainable development of agriculture and food security. The results are very important for decision making in managing the financial risks of agricultural entrepreneurship.

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Tail Risk Transmission: A Study of the Iran Food Industry

Cited by 3 publications

References 34 publications

Modeling Tail Risk in Portfolio Selection: Selected Iranian Food Industry Companies

Modeling Tail Risk in Portfolio Selection: Selected Iranian Food Industry Companies

Statistical Modelling of Downside Risk Spillovers

Financial Risk Management for Sustainable Agricultural Development Based on Corporate Social Responsibility in the Interests of Food Security

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