. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …

The standard explanation of wage rigidity in principal agent and in efficiency wage models is related to worker risk … workers appear to behave in a less risk averse way than in for profit firms and to accept fluctuating wages; (2) The emerging … paper reinterprets these stylized facts by focusing on the relationship between wage rigidity and worker risk aversion in …

straightforward solution of neutralizing the risk of lease financing is explained. The lease is a contract between the owner and the …

capital market data. While the operations of the multinational firm have significant exposure to foreign exchange rate risk … statistically small, even if the operating cash flows of the firm are significantly exposed to exchange rate risk. The results of … the paper suggest that managers of nonfinancial firms with operations exposed to foreign exchange rate risk take savvy …

When focusing on firm’s risk-aversion in industry equilibrium, the number of firms may be either larger or smaller when … comparing market equilibrium with and without price uncertainty. In this paper, we introduce risk-averse firms under cost … industry. With increased uncertainty, the risk premium of the marginal buyer increases by more than the risk premium of the …

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 …