Deng, Kebin; Chen, Haoyan; Kong, Dongmin - In: China Finance Review International 4 (2014) 3, pp. 271-288
Purpose – The purpose of this paper is to investigate the influence of idiosyncratic risk on firm decisions. Design/methodology/approach – By introducing managerial ownership as a key variable, the paper presents a parsimonious model to describe the consequences of idiosyncratic risk on firm...