This paper studies liability management exercises (LME) by banks, which have comparable regulatory capital effects than …

less concentrated debt structures. This relation is stronger for firms with higher default risk, as the probability that …

Judgment (or logical) aggregation theory is logically more powerful than social choice theory and has been put to use … aggregation theory developed by Dokow and Holzman (2010c). This application involves aggregating classifications (specifically … aggregation theory to a more general one …

Using securities lawsuits related to M&A as an industry shock, we examine whether litigation risk acts as an external … peer firms respond to the increased litigation risk by reducing abnormally high investment expenditures. Finally, the …

behavioural economics, compared with that of classical rational choice theory, to account for successful interventions. After …

This handbook chapter covers the existing theoretical literature on social preference and social welfare under risk (i … theory and welfare economics, which are restricted to the certainty case, with Harsanyi's pathbreaking attempt at extending … these fields to the risk case. Section 2 reviews the work, both ancient and recent, stemming from Harsanyi's Impartial …

(iii) dedicating a specific entity with access to the top management and technical specialists, with a global vision of the …