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Persistent link: https://www.econbiz.de/10004998677
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possible reasons for our findings. We also provided suggestions to managers and entrepreneurs engaging in international …
Persistent link: https://www.econbiz.de/10010816967
environmentalists since 1990 on a range of issues in the EU, compared to the USA. Beck's 'Risk Society' theory has general resonance … USA on environmental issues. These differences have been parallel to the apparently stronger influence of … with contemporary western attitudes to risk. However, it may be that the US regulatory framework may now be more …
Persistent link: https://www.econbiz.de/10010669771
mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …
Persistent link: https://www.econbiz.de/10011092291
Twenty years ago, in my third thesis (Degos, 1991), I mentioned the problem of the formation of the opinion of the statutory auditor, and I used the catastrophe theory of René Thom. I persisted in this way with a working paper (1995) and a book [Degos, (1996), pp.171-183]. I regret not being...
Persistent link: https://www.econbiz.de/10011015132
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10005822413
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10005835229
Abstract The objective of this paper is to analyze the relationship between farmers’ risk-aversions and the riskiness … agency theory model we hypothesize the prevalence of alternative marketing arrangements (AMAs) in situations with high-risk … averse farmers and high-risk enterprises and the prevalence of spot (cash) markets for low risk-averse participants and less …
Persistent link: https://www.econbiz.de/10011068908
In this paper, I first provide a unifying approach to Mean-Variance analysis and Value at Risk, which highlights their … similarities and differences. Then I use it to explain how fund managers can take investment decisions within the well-known Mean …
Persistent link: https://www.econbiz.de/10005776190