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Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people compartmentalize different risks and consider them separately, called mental accounting. Alternatively, the risk substitution hypothesis suggests that entrepreneurs would offset...
Persistent link: https://www.econbiz.de/10010762495
entrepreneurship in migrant communities. Using a representative household survey of the migrant population in the Greater Dublin Area …, we find a significant negative relationship between risk aversion and entrepreneurship. In addition, our results show …
Persistent link: https://www.econbiz.de/10010839545
entrepreneurship in migrant communities. Using a representative household survey of the migrant population in the Greater Dublin Area …, we find a significant negative relationship between risk aversion and entrepreneurship. In addition, our results show …
Persistent link: https://www.econbiz.de/10010744648
Persistent link: https://www.econbiz.de/10010934235
This paper examines the effects of risk aversion on compliance choices in markets for pollution control. A firm’s decision to be compliant or not is independent of its manager’s risk preference. However, noncompliant firms with risk averse managers will have lower violations than otherwise...
Persistent link: https://www.econbiz.de/10009467790
). This finding is at odds with traditional expected value theory, but not with more recent theories of rational choice (e …
Persistent link: https://www.econbiz.de/10005537787
Recent international conflicts have resurrected concerns about how to manage supply disruptions or sudden escalation of need for energy, and other critical imports such as vaccines or military components. Prominent proactive measures include support of domestic production and accumulation of...
Persistent link: https://www.econbiz.de/10005462777
The paper augments the asymmetric information literature on bank lending to new ventures by focusing on the more neglected area of moral hazard; specifically the relationship between risk aversion, an entrepreneur?s wealth and the provision of collateral. The results highlight some interesting...
Persistent link: https://www.econbiz.de/10011133305
We study the dynamic relation between market risks and risk premia using time series of index option surfaces. We find that priced left tail risk cannot be spanned by market volatility (and its components) and introduce a new tail factor. This tail factor has no incremental predictive power for...
Persistent link: https://www.econbiz.de/10011099293