<title>Abstract</title> This paper examines the effect of CEO risk appetite on the return volatility of a sample of large, listed financial firms over the period 2000--2008. After controlling for firm specific characteristics, the results give strong evidence that the CEO risk appetite has an important effect...

The problem that we address in this paper stems from the trend to delegation in the water management field. The problem that we address refers to the municipality's negotiating disadvantage in the face of some cartelized water management. We discuss the specific characteristics of the delegation...