Risk and risk aversion are important concepts when modeling how to choose from or rank a set of random variables. This … chapter reviews and summarizes the definitions and related findings concerning risk aversion and risk in both a mean …

corporate finance. Specifically, we survey evidence pertaining to incentive conflicts, control rights, collateral, renegotiation …

This paper examines how collateral and personal guarantees affect firms’ ex-post performance employing a propensity …-and-medium-sized borrower firms in Japan, we find that borrowers with high observed riskiness are more likely to pledge collateral. In addition …, we find that borrowers that provide collateral to lenders experience larger increases in profitability and reductions in …

collateral requirements and induce self-selecting contracts. In this setting, we view MGSs as a wealth-pooling mechanism that …

of risk, both being associated to the stresses supported by the socio-economic system. We propose instruments for … resilience build-up and management based on a novel classification of risk and resilience management regimes corresponding to the …

contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the …

rejects marginally profitable projects. Collateral mitigates this inefficiency by 'flattening' the local lender’s payoff …-à-vis transaction lenders lead to higher collateral requirements, thus strengthening the role of collateral in local lending …