Risk-taking is a topic that has been studied for many years in finance under the famous slogan in the financial industry "Higher risk, higher return". Nevertheless, empirical results have shown different scenarios. Using a sample of 56 researches with 406 studies covering millions of companies...

Purpose: This study examines the influence of individual blockholders on corporate risk-taking using Korean-listed firm data. Studies on corporate governance argue that non-controlling large shareholders, that is individual blockholders, increase corporate risk-taking by monitor and discipline...

This study examines whether country-specific risk attenuates the association between tax policies and corporate risk-taking. We define country-specific risk (political and fiscal budget risk) as taxpayer's risk that tax refunds on losses cannot be paid due to the institutional environment or...

This study investigates whether country risk factors, including political and fiscal budget risk, attenuate the effectiveness of tax policy tools that aim to encourage corporate risk-taking. Exploiting a cross-country panel, we predict and find that the effectiveness of loss offset rules and tax...