production of two outputs whose markets have not the same risk, our approach allows the project's cash flow to be discounted at a …

The “low risk anomaly” refers to the empirical pattern that apparently high-risk equities do not earn commensurately … high returns. In this paper, we consider the possibility that the risk anomaly represents mispricing, not a … misspecification of risk, and develop the implications for corporate capital structure. The risk anomaly generates a simple tradeoff …

This study examines whether idiosyncratic risk significantly affects earnings quality in non-financial companies listed … on the Indonesia Stock Exchange. Research on developing countries, especially Indonesia, which links idiosyncratic risk …, which is the residual value of the Kasznik and Dechow-Dichev model, and idiosyncratic risk, which is measured based on the …

This paper presents a dynamic model of the firm with risk-free debt contracts, investment irreversibility, and debt …

company is analyzed in this paper. Risk - return and liquidity - profitability trade-offs influence the company’s equilibrium …