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chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This … risk aversion profile and put more effort in monitoring firm activities than men in the financial matter domains. A number …
Persistent link: https://www.econbiz.de/10010128850
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …
Persistent link: https://www.econbiz.de/10009235154
measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market … although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
Persistent link: https://www.econbiz.de/10011543578
an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places …. Nasar's goal is to show how economists work, but also to show that they are people too - with more than enough warts and …'s remarkably different conception in The Worldly Philosophers. I also discuss more generally the question of why economists might …
Persistent link: https://www.econbiz.de/10009523482
uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households …, while accounting for the level of transfers from family abroad. We find that both the level and the uncertainty of … income hypothesis and theories of precautionary saving, a one standard deviation increase in the uncertainty of remittance …
Persistent link: https://www.econbiz.de/10010250041
of uncertainty and of rationing efficiency. We show that regulatory uncertainty does not diminish the rationale for … intervention, but may require a low minimum wage that may not bind. With expected earnings-maximization, greater uncertainty widens …
Persistent link: https://www.econbiz.de/10011407940
short-time window to test the impact of deteriorating expectations and uncertainty on firms' R&D choices. Our results show a … companies, which were particularly suffering the onset of the crisis, display a significantly higher probability of … critically shape firms' reactions to the general uncertainty. Two main patterns emerge from our analysis. On the one hand, there …
Persistent link: https://www.econbiz.de/10012705555
We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …
Persistent link: https://www.econbiz.de/10013186704
Uncertainty affects employers' decisions on labour workforce, as it does on capital. We exploit differences on how … reduce hiring decisions and recur to individual layos more frequently when uncertainty increases. An increase of one point in … the uncertainty indicator increases the probability of having frozen hiring in between 21% to 39%. We also find more …
Persistent link: https://www.econbiz.de/10012284895
the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …
Persistent link: https://www.econbiz.de/10012099522