rights - limiting excessive risk taking - positively affects foreign shareholders, whereas strong protection of shareholder …

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …

This article studies the effects of tax competition on the provision of public goods under business risk and partial …

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 …

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 …

) 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. …

proposing a novel news media-based measure of climate change transition risk and show that when such risk is high, major …

find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …

social context affected risk-taking behavior. Remotely, pairs take far fewer risks when the stakes are high than in the flesh …