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Uncertainty, imperfect information, and expectation formation over the firm's life cycle
Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2020
Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...
Persistent link: https://www.econbiz.de/10012258487
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Why does idiosyncratic risk increase with market risk?
Bartram, Söhnke M.; Brown, Gregory W.; Stulz, René M. - 2017
From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive … has roots in fundamentals. Higher market risk predicts greater idiosyncratic earnings volatility as well as dispersion and …
Persistent link: https://www.econbiz.de/10011674278
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How risky is investment in human capital?
Hartog, Joop; Ophem, Hans van; Bajdechi, Simona Maria - 2004
The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying … positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …
Persistent link: https://www.econbiz.de/10011450523
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The usual suspects : does risk tolerance, altruism, and health predict the response to COVID-19?
Sheth, Ketki; Wright, Greg C. - 2020
find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …
Persistent link: https://www.econbiz.de/10012213128
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Tax competition, investment irreversibility and the provision of public goods
Moretto, Michele; Panteghini, Paolo; Vergalli, Sergio - 2013
This article studies the effects of tax competition on the provision of public goods under business risk and partial …
Persistent link: https://www.econbiz.de/10009748378
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Buying and selling risk : an experiment investigating evaluation asymmetries
Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2014
Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
Persistent link: https://www.econbiz.de/10010229862
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Education, disappointment and optimal policy
Anderberg, Dan; Cerrone, Claudia - 2014
explore the design of policy. The model highlights the critical roles played by (i) the relationship between behavioural risk … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …
Persistent link: https://www.econbiz.de/10010467858
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Risk, temptation, and efficiency in the one-shot prisoner's dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …
Persistent link: https://www.econbiz.de/10012694148
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Climate risk and commodity currencies
Kapfhammer, Felix; Larsen, Vegard Høghaug; Thorsrud, … - 2020
proposing a novel news media-based measure of climate change transition risk and show that when such risk is high, major …
Persistent link: https://www.econbiz.de/10012391358
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Risk and heterogeneity in benefits from vocational versus general secondary-education : estimates for early and mature career stages in Portugal
Hartog, Joop; Raposo, Pedro; Reis, Hugo - 2023
the literature on wage effects we add a breakdown of variances in heterogeneity and risk. …
Persistent link: https://www.econbiz.de/10014309585