Showing 1 - 10 of 1,498
We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...
Persistent link: https://www.econbiz.de/10012915178
We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...
Persistent link: https://www.econbiz.de/10013405955
We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...
Persistent link: https://www.econbiz.de/10013148078
existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the … empirical relevance of hedging effects in the lab. We find no evidence for hedging, comparing the standard "hedging …
Persistent link: https://www.econbiz.de/10013325138
We explore asset holding diversification by Australian households, in particular, the household asset diversification … lower extent of, asset holding diversification …
Persistent link: https://www.econbiz.de/10013051019
team composition, firm diversification, and IT investments – which arguably alter returns to exploiting synergies through …
Persistent link: https://www.econbiz.de/10013104934
can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher …
Persistent link: https://www.econbiz.de/10013072168
countries, especially those in the G7, which possess huge reserves of oil wealth but have undertaken economic diversification to … suggested. The analysis shows that greater efforts are needed to stimulate the diversification of the production base by …
Persistent link: https://www.econbiz.de/10013057462
The study utilises the International Labor Organization's SMEs COVID-19 pandemic business risks scale to determine whether Artificial Intelligence (AI) applications are associated with reduced business risks for SMEs. A new 10-item scale was developed to capture the use of AI applications in...
Persistent link: https://www.econbiz.de/10014083873
This paper investigates the relationship between gender of the CEO and composition of the board of directors (female chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables (investments, profits, return to equity, and sales)....
Persistent link: https://www.econbiz.de/10013075784