New issue of the Risk Governance and Control: Financial Markets & Institutions journal

The editorial team of the Publishing House Virtus Interpress is glad to announce that the new issue of the journal Risk Governance and Control: Financial Markets & Institutions (volume 10, issue 3) has been released. Scholars from different counties of the world, such as Italy, Australia, Portugal, the USA, Japan, etc., have contributed to this issue.

The papers in the new issue investigate a wide variety of topics related to public and private finance and the functioning and investment techniques of financial markets. In particular, the covered topics include mutual guarantee institutions, financial intermediaries, firms’ internationalization, grid trading, random walks, bi-directional grids, governance quality, government debt, worldwide governance indicators, monetary policy, stock market volatility, capital market reforms, IFRS adoption, capital structure, market efficiency, digital transformation, platform monopolies, social security, socially responsible investment, etc.

The full issue of the journal is available at the following link.

  • Aldo Taranto and Shahjahan Khan investigate bi-directional grid absorption barrier constrained stochastic processes with application to finances and investment introducing two absorption barriers: one at zero balance (ruin) and one at a specified profit target.
  • João Imaginário and Maria João Guedes using a sample of 164 countries for the period between 2002 and 2015 examine whether the quality of governance relates to government debt and find that governance quality is negatively and statistically related to government debt.
  • Oksana Kim explores western-style capital market reforms in Russia and employing an adaptive market hypothesis perspective tries to identify whether the informational efficiency of the market changed over time as a result of these reforms.
  • Finally, Kazuyuki Shimizu in his paper approaches to understand why unemployment improvement and social inequality occur at the same time, discussing two crucial points of the capitalisation of social security: the shareholder value and the sustainable investment such as ESG.

We hope that reading this issue will be interesting and informative for you!