of cash-flow business taxation when there is bankruptcy risk, when firms are risk-averse, and when financial … risk alone, but can distort the entry and investment decisions of firms under both risk-aversion and asymmetric information …

We apply a model of preferences for information to the domain of decision making under risk and ambiguity. An uncertain … unpleasant to think about, an individual tends to be averse to risk and ambiguity. Yet in circumstances in which thinking about … an information gap is pleasant, an individual may exhibit risk- and ambiguity-seeking. The model provides explanations …

Algorithm employs expected return-risk approximation of utility function and bivariate distribution of cash flows of an … approach that employs CAPM Risk Adjusted Cost of Capital (RACC). Only under symmetrical distribution assumption the proposed … procedure and the conventional CAPM yields identical valuation. When downside risk measure is employed and asymmetrical …