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-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …
Persistent link: https://www.econbiz.de/10009471846
.Chapter IIIThis paper experimentally investigates whether risk-averse individuals punish less if the outcome of punishment is … risk-averse subjects are equally likely to cooperate in the prisoner’s dilemma and equally likely to punish in the … risk attitude is a factor when making the decision to cooperate. …
Persistent link: https://www.econbiz.de/10009476200
negatively related to basis risk, to quantity risk, and to transaction costs. Farmers who have less uncertainty about prices have … incentive to hedge can be greatly reduced. And finally, farmers who have low levels of risk aversion have little to gain from … hedging in terms of risk reduction, in that the certainty equivalent payoff at their optimal hedge may be little different to …
Persistent link: https://www.econbiz.de/10009445051
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
the management and entrepreneurship literatures by examining the under-researched area of risk-based decisions subsequent … how risk dimensions influence the decision to hold, reinvest in, or terminate investment in companies within a venture … capital portfolio. I draw on prototype theory to argue that reinvestment is more likely in portfolio companies that "look like …
Persistent link: https://www.econbiz.de/10009462916
social reasons. A conceptual model based on social cognitive theory is developed to explain an individual’s propensity to … adopt mobile banking. The theoretical framework examines how advertising, experience, perceived risk, learning inclination … financial risk in determining a person’s intention to use mobile banking and whether their entrepreneurial nature is influenced …
Persistent link: https://www.econbiz.de/10009484005
of enterprise risk management to mitigate the long-term impact of financial distress on their business models. It also …
Persistent link: https://www.econbiz.de/10009432060