valuation of disaster risk. Focusing on media discourse addresses the challenge of sample size even when major disasters are …

corporate boards to recalibrate CEO compensation to reduce risk-taking incentives. However, this pattern is not uniform … executive incentives with shareholder risk preferences following unanticipated changes in the stringency of environmental …

Although corporate finance theory suggests how adverse shocks influence shareholder preferences toward corporate risk … corporate boards to reduce the risk-taking incentives of CEO compensation. However, this pattern is not uniform. Financially … incentives with changing shareholder risk preferences …

conditional equity premium and risk-free rate in equilibrium. Our empirical analysis shows that the equity premium appears to be …

for the observed behavior of the stockmarket? Second, how risk averse are investors in the aggregate?We find that the … less so. Estimates of the index of relative risk aversion are obtained that put that parameter in the range of 3 to 4 …

depends on the concentration of these aggregate shocks; it follows that one cannot estimate the degree of risk aversion from …

-systematic risk on the firm's choice of an optimal input mix. Consistent with earlier work in economics, this analysis demonstrates …