Water Risk Modeling: Developing Risk-Return Management Techniques in Finance and Beyond

ISBN-13: 9783031238109 / Angielski / Twarda / 2023 / 281 str.

Dieter Gramlich; Thomas Walker; Maya Michaeli

Opis

This book sheds light on the topic of financial water risk by examining the modeling challenges associated with physical, regulatory, and reputational water risk in finance. It explores various approaches to operationalize water risk from a financial analysis, investment management, and climate science perspective. The analysis of tools to assess water risk provides the basis for the development of appropriate risk-return management techniques in finance and beyond. This book provides new insights by focusing on financial water threats and their related opportunities. It will be of interest to both academics and practitioners who work at the interface of finance, economics, nature, and society.

Spis treści

Chapter 1: Introduction

Part I: Framework of Financial Water Risk

Chapter 2: Drivers of water risk and their interaction

Chapter 3: Water risk and climate change

Chapter 4: Interaction effects of water risk in finance and society

Chapter 5: Opportunities from water risk

Part II: Modeling Financial Water Risk

Chapter 6: Presentation of specific water risk models (different chapters)

Chapter 7: Financial water risk and accounting/risk reporting

Chapter 8: Water risk stress testing

Chapter 9: Modelling financial water risk approaches using neural networks, artificial intelligence, and other advanced methods

Part III: Managing Financial Water Risk

Chapter 10: Financial water risk and the use of data science (e.g., advances in high-resolution geo-mapping)

Chapter 11: Water risk governance of companies and countries

Chapter 12: Water risk insurance

Chapter 13: Water risk derivatives

Chapter 14: Water risk management of investment portfolios

Chapter 15: Directions in water risk regulations

Chapter 16: Conclusions (Outlook)

O autorze

Dieter Gramlich is a Professor at DHBW – Baden-Wuerttemberg Cooperative State University in Heidenheim, Germany, where he serves as Head of the Banking Department. He previously studied at the University of Mannheim and was an interim professor and Chair of Banking & Finance at the University of Halle. His research focuses on sustainable finance.

Thomas Walker is a Professor of Finance and Concordia University Research Chair in Emerging Risk Management at Concordia University, Montreal, Canada. Prior to academia, he worked in the German consulting and industrial sector at Mercedes Benz, Utility Consultants International, Lahmeyer International, Telenet, and KPMG Peat Marwick.

Maya Michaeli works as a Research Associate in the Department of Finance at Concordia University, Montreal. She has a natural passion for financial markets and the future of sustainable investments and has participated in numerous research projects in those areas.

Charlotte Esme Frank completed her Bachelor’s degree in the Humanities at Carleton University, Ottawa. She holds an MA in English Literature and Creative Writing from Concordia University, Montreal, where she is a Research Associate at the John Molson School of Business. She is currently completing a PhD in English literature at McGill University.

 

Blurb

This book sheds light on the topic of financial water risk by examining the modeling challenges associated with physical, regulatory, and reputational water risk in finance. It explores various approaches to operationalize water risk from a financial analysis, investment management, and climate science perspective. The analysis of tools to assess water risk provides the basis for the development of appropriate risk-return management techniques in finance and beyond. This book provides new insights by focusing on financial water threats and their related opportunities. It will be of interest to both academics and practitioners who work at the interface of finance, economics, nature, and society.

Dieter Gramlich is a Professor at DHBW – Baden-Wuerttemberg Cooperative State University in Heidenheim, Germany, where he serves as Head of the Banking Department. He previously studied at the University of Mannheim and was an interim professor and Chair of Banking & Finance at the University of Halle. His research focuses on sustainable finance.

Thomas Walker is a Professor of Finance and Concordia University Research Chair in Emerging Risk Management at Concordia University, Montreal, Canada. Prior to academia, he worked in the German consulting and industrial sector at Mercedes Benz, Utility Consultants International, Lahmeyer International, Telenet, and KPMG Peat Marwick.

Maya Michaeli works as a Research Associate in the Department of Finance at Concordia University, Montreal. She has a natural passion for financial markets and the future of sustainable investments and has participated in numerous research projects in those areas.

Charlotte Esme Frank completed her Bachelor’s degree in the Humanities at Carleton University, Ottawa. She holds an MA in English Literature and Creative Writing from Concordia University, Montreal, where she is a Research Associate at the John Molson School of Business. She is currently completing a PhD in English literature at McGill University.