economically and statistically significant negative impact on risk-adjusted returns of approximately 1-2 percentage points, holding … constant other relevant factors. The use of explicit limits on asset allocation can be a blunt instrument for regulating risk …-taking, in that they impede investment managers’ ability to exploit the benefits of portfolio diversification, and thus distort …

capital to labour with no efficiency effects, but is probably more likely to lead to lower investment rates and economic … senescence. Therefore the impact of unions on productivity, financial performance and investment is extremely important. This … unionisation reduces investment by around one fifth compared with the investment rate in a non-union workplace. In both Canada and …

, major weaknesses with respect to long-run investment in human capital, infrastructure and innovation remain. These are … hampered by problems of short-termism and policy risk. We propose a series of radical reforms to address these problems: such …

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …

risk. To do so, the article unravels the much-misunderstood experiences of eight Norwegian municipalities whose investments … analytical concepts—“the fetishization of the knowledge of risk” and “fictitious distance”—to help explain how the crisis spread …