perceptions of family firm ownerstowards external managers by analyzing how their goals relate to the employmentof a non … control is high. Furthermore, they do not seem to trustexternal managers to act in accordance to their goal of enterprise … value growth.However, they seem to realize that non-family CFOs are likely to decreasefinancial risk through the provision …

This paper provides new UK evidence on the relationship between managerialincentives and firm risk using a hand … pay performance sensitivity and firm risk exhibits a non-linearrelationship with firm size: for small to medium …-sized quoted companies there is anegative relation between pay performance sensitivity and risk consistent with thestandard agency …

issued. The paper also examines managers risk-shifting incentives and provides an analysis of the benefits associated with …This paper analyzes the relation between agency conflicts and risk management in a contingent claims model of the firm … risk management in different economic enviromnents. …

This paper develops a quantitative framework for analyzing the impact of macroeconomic conditions on credit risk and …

managers failed to apply their toolboxes, or that bank managers overruled their risk managers' assessments. … that banks claim to consider in their risk management. Hence, the fact that the crash caught many financial institutions by … surprise should not be attributed to deficiencies in the traditional risk modeling approach. It seems instead that risk …

The current financial market crisis has impressively demonstrated the importance of aneffective credit risk management … a result of the crisis. Over the pastdecade, credit derivatives emerged as an important part of credit risk management … as theseoffer a broad range of possibilities to reduce credit risk through active credit portfoliomanagement. This has …