{"id":"https://openalex.org/W1990838101","doi":"https://doi.org/10.1111/j.1467-8454.2009.00361.x","title":"PURE INDICATOR OF RISK APPETITE","display_name":"PURE INDICATOR OF RISK APPETITE","publication_year":2009,"publication_date":"2009-03-01","ids":{"openalex":"https://openalex.org/W1990838101","doi":"https://doi.org/10.1111/j.1467-8454.2009.00361.x","mag":"1990838101"},"language":"en","primary_location":{"id":"doi:10.1111/j.1467-8454.2009.00361.x","doi":"https://doi.org/10.1111/j.1467-8454.2009.00361.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-8454.2009.00361.x","pdf_url":null,"source":{"id":"https://openalex.org/S57522439","display_name":"Australian Economic Papers","issn_l":"0004-900X","issn":["0004-900X","1467-8454"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Australian Economic Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5081530948","display_name":"Philippe Dupuy","orcid":"https://orcid.org/0000-0003-4840-1017","observed_orcids":["https://orcid.org/0000-0003-4840-1017"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"PHILIPPE DUPUY","raw_affiliation_strings":["Halbis Capital Management","I am grateful to Sanvi Avouyi-Dovi, Jean-Franc\u0327ois Boulier, Lionel Martellini and Pierre Sequier","I am grateful to Sanvi Avouyi-Dovi, Jean-Fran\u00e7ois Boulier, Lionel Martellini and Pierre Sequier"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Halbis Capital Management","institution_ids":[]},{"raw_affiliation_string":"I am grateful to Sanvi Avouyi-Dovi, Jean-Franc\u0327ois Boulier, Lionel Martellini and Pierre Sequier","institution_ids":[]},{"raw_affiliation_string":"I am grateful to Sanvi Avouyi-Dovi, Jean-Fran\u00e7ois Boulier, Lionel Martellini and Pierre Sequier","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5081530948"],"corresponding_institution_ids":[],"apc_list":{"value":2900,"currency":"USD","value_usd":2900},"apc_paid":null,"fwci":1.1273,"has_fulltext":false,"cited_by_count":20,"citation_normalized_percentile":{"value":0.86625646,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"48","issue":"1","first_page":"18","last_page":"33"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.38769999146461487,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.38769999146461487,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.3594000041484833,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.08910000324249268,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-appetite","display_name":"risk appetite","score":0.996999979019165},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.8410000205039978},{"id":"https://openalex.org/keywords/systemic-risk","display_name":"systemic risk","score":0.8700000047683716},{"id":"https://openalex.org/keywords/emerging-market-debt","display_name":"emerging market debt","score":0.7129999995231628},{"id":"https://openalex.org/keywords/credit-spreads","display_name":"credit spreads","score":0.7049999833106995},{"id":"https://openalex.org/keywords/return-decomposition","display_name":"return decomposition","score":0.5659999847412109}],"concepts":[{"id":"https://openalex.org/C112723951","wikidata":"https://www.wikidata.org/wiki/Q7336262","display_name":"Risk appetite","level":3,"score":0.9588080644607544},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.5154145956039429},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4994990825653076},{"id":"https://openalex.org/C75908981","wikidata":"https://www.wikidata.org/wiki/Q28578","display_name":"Appetite","level":2,"score":0.46015599370002747},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.4600493907928467},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.41471388936042786},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4000597596168518},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3382681608200073},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.2898157238960266},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1565159261226654},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.1397494375705719},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.11742231249809265},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.06846573948860168},{"id":"https://openalex.org/C142724271","wikidata":"https://www.wikidata.org/wiki/Q7208","display_name":"Pathology","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1467-8454.2009.00361.x","doi":"https://doi.org/10.1111/j.1467-8454.2009.00361.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-8454.2009.00361.x","pdf_url":null,"source":{"id":"https://openalex.org/S57522439","display_name":"Australian Economic Papers","issn_l":"0004-900X","issn":["0004-900X","1467-8454"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Australian Economic Papers","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W133007711","https://openalex.org/W1518320615","https://openalex.org/W2015223092","https://openalex.org/W2054875343","https://openalex.org/W2156037496","https://openalex.org/W2166833836","https://openalex.org/W2580645530","https://openalex.org/W2795875036","https://openalex.org/W3121404888","https://openalex.org/W3121766225","https://openalex.org/W4252707658"],"related_works":["https://openalex.org/W7100164697","https://openalex.org/W2166833836","https://openalex.org/W7100694807","https://openalex.org/W7096449156","https://openalex.org/W1541529421","https://openalex.org/W1578123206","https://openalex.org/W3125851610","https://openalex.org/W2022605732","https://openalex.org/W7119067274","https://openalex.org/W2945033590"],"abstract_inverted_index":{"We":[0,90,98,129],"study":[1],"the":[2,60,74,77,133,145,148],"concept":[3],"of":[4,30,52,62,135,144,147],"risk":[5,79,82,88,109,122,157],"appetite,":[6],"that":[7,54,71,112,131],"is":[8],"investors\u2019":[9],"willingness":[10],"to":[11,21,59,94,115,137,154],"buy":[12],"risky":[13],"assets.":[14],"Market":[15],"players":[16],"and":[17,65,81,105],"researchers":[18],"have":[19,125,151],"tried":[20],"find":[22,130],"a":[23,92,107],"proxy":[24],"for":[25],"it,":[26],"notably":[27],"by":[28],"means":[29],"spreads":[31],"in":[32,76,120,156],"high":[33],"yielding":[34],"markets":[35,104],"like":[36],"credit":[37],"or":[38],"emerging":[39,100],"markets.":[40],"However,":[41],"these":[42],"measures":[43],"might":[44,124,150],"be":[45],"biased":[46],"because":[47],"they":[48],"hinge":[49],"on":[50],"series":[51],"prices":[53],"include":[55],"market":[56,101,127],"movements":[57],"due":[58,153],"re\u2010pricing":[61],"both":[63],"systemic":[64,87,108],"specific":[66],"risks.":[67],"Being":[68],"macro":[69],"factors":[70],"affect":[72],"all":[73],"assets":[75],"universe,":[78],"appetite":[80,123],"aversion":[83],"can":[84],"only":[85,110,139],"produce":[86],"re\u2010pricing.":[89],"apply":[91],"methodology":[93],"correct":[95],"this":[96],"bias.":[97],"analysed":[99],"debt":[102],"capital":[103],"compute":[106],"indicator":[111],"enables":[113],"one":[114],"ascertain":[116],"more":[117],"precisely":[118],"periods":[119],"which":[121],"driven":[126],"returns.":[128],"from":[132],"end":[134],"1997":[136],"2004":[138],"about":[140],"30":[141],"per":[142],"cent":[143],"return":[146],"EMBI+":[149],"been":[152],"changes":[155],"appetite.":[158]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2023,"cited_by_count":9},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}