This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …

-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs …’ demand, while an increase in expected energy price will surely cause the risk averse firm to decrease the demand for energy … risk averse firm to decrease the demands for the non-risky inputs. Furthermore, we investigate the two cases with only …

387 companies of 30 different sectors on monthly, quarterly and semiannual basis are used. The Paired sample t- test is …) predict more accurately the expected return on a short term investment as compare to long term investment. It is recommended …

The management of financial risks, which is a branch of financial theory, is defined as a process that begins with risk … factors identification, continues with measurement of risk and concludes with the coverage of that risk. This work focuses on … the second phase of management process, namely the measurement of risk. This can be defined as an uncertainty which has an …

listed shares. Our analysis concerns the risk which arises from the Markowitz mean-variance approach. Our work method will be … implemented as following: first of all, we will test the normality and the stationarity of 31 shares which have composed our … methods of measurement of return, risk and the other statistical properties constitute, in fact, the pillars of companies …

catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable … management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the … issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the …