Published in honor of finance scholar Hermann Locarek-Junge, who specializes in risk management and portfolio management, this volume presents 20 chapters on topics in modern finance related to his research areas, including risk management, asset management, crises, and anomalies in capital markets. Finance and other scholars from Germany and Poland who are colleagues and students of Locarek-Junge discuss asset management, entrepreneurship, and behavioral finance, including the concept of returns, the role of emotionally involved investors in finance and decision theory, the performance of risk-reduced investment strategies during the COVID-19 pandemic, the growth of social banks, approaches for determining the eligible cost of capital for different regulated infrastructure network companies in Germany, and the enterprise value growth of private equity-backed buyouts. They also cover risk management topics, such as risk measurement, risk controlling, and regulation aspects like estimating probabilities of risky events that have not occurred before, Tail Nonlinearly Transformed Risk Measure and Conditional Value-at-Risk as a basis of regulatory capital constraints for banks, subjective risk assessment using systematic opinion combining techniques, model risk as multiplicative risk factor, model risk in option pricing, the success factors of resilience supply chains, and systemic risk in the German banking sector. The discussion rounds out with exploration of commodities and energy finance, including oil, gold, and cryptocurrencies and power purchase agreements and renewable energy sources. Annotation ©2022 Ringgold, Inc., Portland, OR (protoview.com)
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