We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi …-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable …

We study risk perception and actual decision-making by the corporate elite, where we consider CEOs, CFOs and non … CEOs are more risk tolerant but do not act accordingly by demanding higher returns. CFOs and non-executives are found to be … more risk-averse; but, interestingly, only the non-executives demand higher returns more than CEOs do. Differences in …

We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi …-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable …