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This paper investigates whether security markets price the effect of social distancing on firms' operations. We document that firms that are more resilient to social distancing significantly outperformed those with lower resilience during…

综合金融 · 定量金融 2020-05-20 Marco Pagano , Christian Wagner , Josef Zechner

While the coronavirus spreads, governments are attempting to reduce contagion rates at the expense of negative economic effects. Market expectations plummeted, foreshadowing the risk of a global economic crisis and mass unemployment.…

The study and measurement of economic resilience is ruled by high level of complexity related to the diverse structure, functionality, spatiality, and dynamics describing economic systems. Towards serving the demand of integration, this…

综合经济学 · 经济学 2022-02-18 Dimitrios Tsiotas

Resiliency has garnered attention in the management of critical infrastructure as a metric of system performance, but there are significant roadblocks to its implementation in a realistic decision-making framework. Contrasted to risk and…

系统与控制 · 电气工程与系统科学 2026-01-08 Vincent P. Paglioni , Graeme Troxell , Aaron Brown , Steve Conrad , Mazdak Arabi

This paper analyzes the hypothesis that returns play a risk-compensating role in the market for corporate revolving lines of credit. Specifically, we test whether borrower risk and the expected return on these debt instruments are…

综合经济学 · 经济学 2024-01-24 Miguel A. Duran

Supply chain disruptions constitute an often underestimated risk for financial stability. As in financial networks, systemic risks in production networks arises when the local failure of one firm impacts the production of others and might…

统计金融 · 定量金融 2025-02-25 Jan Fialkowski , Christian Diem , András Borsos , Stefan Thurner

Collectives form non-equilibrium social structures characterised by a volatile dynamics. Individuals join or leave. Social relations change quickly. Therefore, differently from engineered or ecological systems, a resilient reference state…

物理与社会 · 物理学 2022-10-19 Frank Schweitzer , Christian Zingg , Giona Casiraghi

As the COVID-19 pandemic restrictions slow down, employees start to return to their offices. Hence, the discussions on optimal workplaces and issues of diversity and inclusion have peaked. Previous research has shown that employees and…

投资组合管理 · 定量金融 2022-11-08 Karoline Bax

COVID 19 pandemic has disrupted the global market and workplace landscape. As a response, hybrid work situations have become popular in the software business sector. This way of working has an impact on software companies. This study…

软件工程 · 计算机科学 2024-07-23 Dron Khanna , Henry Edison , Anh Nguyen Duc , Kai Kristian Kemell

Since several years, the fragility of global supply chains (GSCs) is at historically high levels. In the same time, the landscape of hybrid threats is expanding; new forms of hybrid threats create different types of uncertainties. This…

综合经济学 · 经济学 2022-12-22 d'Artis Kancs

Credit risk assessment of a company is commonly conducted by utilizing financial ratios that are derived from its financial statements. However, this approach may not fully encompass other significant aspects of a company. We propose the…

计算工程、金融与科学 · 计算机科学 2024-01-29 Xinlin Wang , Mats Brorsson

Objectives: To identify and quantify risk factors that contribute to clusters of COVID-19 in the workplace. Methods: We identified clusters of COVID-19 cases in the workplace and investigated the characteristics of the individuals, the…

We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probability of long slumps. We propose a theory in which the positive interaction between firm entry, competition and factor supply can give…

综合经济学 · 经济学 2024-05-13 Alessandro Ferrari , Francisco Queirós

Background. The COVID-19 pandemic triggered a widespread transition to hybrid work models (combinations of co-located and remote work) as software professionals' demanded more flexibility and improved work-life balance. However, hybrid work…

软件工程 · 计算机科学 2023-03-14 Ronnie de Souza Santos , Gianisa Adisaputri , Paul Ralph

Resilience is widely recognized as an important design goal though it is one that seems to escape a general and consensual understanding. Often mixed up with other system attributes; traditionally used with different meanings in as many…

计算机与社会 · 计算机科学 2014-01-23 Vincenzo De Florio

Interconnected systems such as power systems and chemical processes are often required to satisfy safety properties in the presence of faults and attacks. Verifying safety of these systems, however, is computationally challenging due to…

系统与控制 · 电气工程与系统科学 2024-02-15 Luyao Niu , Abdullah Al Maruf , Andrew Clark , J. Sukarno Mertoguno , Radha Poovendran

Assessing the resilience of the economy requires accounting for its intrinsic multi-layer nature, by assessing for instance how disruptions at the firm level spread through the production network and propagate to the banking sector. Methods…

物理与社会 · 物理学 2026-03-11 Soumen Majhi , Anna Mancini , Giulio Cimini

In normal times, it is assumed that financial institutions operating in non-overlapping sectors have complementary and distinct outcomes, typically reflected in mostly uncorrelated outcomes and asset returns. Such is the reasoning behind…

综合经济学 · 经济学 2021-01-19 Sayuj Choudhari , Richard Licheng Zhu

The Internet plays a key role in society and is vital to economic development. Due to the pressure of competition, most technology companies, including Internet finance companies, continue to explore new markets and new business. Funding…

计量经济学 · 经济学 2020-01-28 Runjie Xu , Chuanmin Mi , Nan Ye , Tom Marshall , Yadong Xiao , Hefan Shuai

Recent crises like the COVID-19 pandemic and geopolitical tensions have exposed vulnerabilities and caused disruptions of supply chains, leading to product shortages, increased costs, and economic instability. This has prompted increasing…

物理与社会 · 物理学 2025-06-27 Anna Mancini , Balázs Lengyel , Riccardo Di Clemente , Giulio Cimini
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