Showing 1 - 10 of 1,076
We examine the influence on managerial risk taking of incentives due to employment risk and due to compensation. Our … empirical investigation of the risk taking behavior of mutual fund managers indicates that managerial risk taking crucially … depends on the relative importance of these incentives. When employment risk is more important than compensation incentives …
Persistent link: https://www.econbiz.de/10010308694
study investigated the relationship between capital structure, portfolio risk levels and firm performance using a large … efficient banks increase capital holdings and take on greater credit risk while reducing risk-weighted assets. Moreover, it … appears that increasing the capital buffer impacts risk-taking by banks depending on their level of cost efficiency, which is …
Persistent link: https://www.econbiz.de/10012118460
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...
Persistent link: https://www.econbiz.de/10010291786
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...
Persistent link: https://www.econbiz.de/10010291788
Researchers frequently studied the casual relationships of other-regarding preferences by applying experimental methods in bilateral settings (e.g., dictator game and ultimatum game). We use a framed experiment on taxes to study preferences for redistribution in a multi-person setting. We find...
Persistent link: https://www.econbiz.de/10010291852
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010293106
behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …
Persistent link: https://www.econbiz.de/10010293429
determinants of the capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role in capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …
Persistent link: https://www.econbiz.de/10010293539
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...
Persistent link: https://www.econbiz.de/10010293923
, where capital accumulates through increased density of capital at risk in a given area, it is optimal for (i) the … probability of disaster occurrence to decrease with income; (ii) the capital at risk - and thus the economic losses in case of … development and slower than income at high levels of development. In that case, increasing risk-taking reinforces economic growth …
Persistent link: https://www.econbiz.de/10010294283