empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss … rules shift some risk to the government; and second, the tax rate has a positive effect on risk-taking for firms that expect …

We analyze the effect of the coach's gender on risk-taking in women sports teams using data taken from National … risk-taking, a finding that is robust to several empirical strategies, including an instrumental variable approach. In … particular, we find that risk-taking among teams with a male head coach is 5 percentage points greater than that in teams with a …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that … make external financing costly, the optimal contract between shareholders and employees involves some degree of risk … to rationalize with incentive theories of bonus pay - but support an important risk sharing motive. In particular …

We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices. …

We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

weights in payout calculations, and contribute little to executive pay risk. Such ESG metrics with arguably weak incentive …

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … return. Further results on the form of contracts are also derived. -- managers ; risky decisions ; limited liability …

the period of turmoil. We highlight risk attitude as an important selection mechanism, beyond education and other … economic times, (ii) that this risk preference was passed on to their children and (iii) that risk preference is correlated … with criminal participation. Maternal selection along risk preference might thus be an important mechanism explaining the …