firm-level capital investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm … capital investment is significantly weaker for firms that hedge their output price risk. Our analysis highlights that, in the … ability to hedge risk exposures …

Assessment of risk tolerance is fundamental to proper asset allocation within a household portfolio. It is also a … frequently misunderstood concept and difficult to measure practically. We discuss the relationship between risk aversion and … portfolio recommendations based on an expected utility approach, review selected empirical research on risk tolerance, and …

This paper analyzes the impact of countries' tax attractiveness on the allocation of risk within multinational groups … globally. We show that tax symmetry positively influences the relative amount of risk allocated to subsidiaries. Both time and … decrease the relative amount of risk taken. …

This paper investigates the strategic incentives for vertical foreign investment by risk-neutral oligopolistic firms …