neutrality and risk aversion for irreversible investment projects. Integrating taxes into real option theory, it can be shown …Summary This article investigates the derivation of post-tax investment rules and neutral tax systems under risk … that the possible approaches dynamic programming and contingent claims analysis yield identical investment rules under risk …

Companies face a great challenge of balancing both risk and return on par. In today's volatile economic environment …, success depends on strategically managing risks. All organisations accept risk in every decision that they take and risk … with behavioral factors or qualitative. Effective strategic risk management must address both quantitative and qualitative …

SUMMARY Risk measures have been studied for several decades in the actuarial literature, where they appeared under the … guise of premium calculation principles. Risk measures and properties that risk measures should satisfy have recently … received considerable attention in the financial mathematics literature. Mathematically, a risk measure is a mapping from a …

The underlying rationale for insurance purchases and other forms of risk management is aversion to risk, yet the … measurement of risk aversion has been inappropriately focused on risks of little or no consequence. The present paper demonstrates … that a quantitative measure of large-scale risk aversion can be constructed with elementary mathematics, facilitating the …

The effect of replacing an agent in a two-person two-state finance economy by a more risk averse agent is studied. It … is established under which conditions the other agent benefits or looses in equilibrium from dealing with a more risk … averse agent. If one agent becomes more risk averse, then the equilibrium allocation moves towards that agent's certainty …

Abstract This paper first investigates empirically the relationship between risk aversion and social network structure … in a large group of undergraduate students. We find that risk aversion is strongly correlated to local network clustering … generates this empirical finding, suggesting that locally superior information on benefits makes it more attractive for risk …

contribution we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians … officials from German ministries, this is not the case. Since both politicians and bureaucrats have a higher risk appetite than … the voters, their risk preferences cannot be seen as an explanation for the resistance to structural reform. Hence, it …

challenges related to this transformation, based on observations from Finnish SMEs. Previous research on risk management in the … Finnish SMEs, the paper analyses the risk factors and risk management methods in export networks. The role of collaboration is … discussed, both as a source of risk and as a measure to decrease the risks. Based on the analysis, companies appear to value the …

This research studies risk and how to manage it during new product development projects. It highlights the major types … of risk in NDP as well as what are some of the more common risk management and process tools. The research proposes an … approach to risk management systems, and what managerial implications may arise. It is concluded that a team ought to develop a …

improvement and risk management should be key factors to insure company success. This study explores the relationship between the … components of continuous improvement and the classifications of risk management. Finally, this article focuses on three aspects … relationship between continuous improvement and risk management. …