environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature …

Traditionally, researchers have had difficulty testing the relationship between the degree of risk or uncertainty in …

We examine the impact of the cultural norm of uncertainty avoidance on employee stock option (ESO) exercise behaviour … using proprietary data from a multinational firm. We find that employees from countries with higher levels of uncertainty … that employee attitudes towards uncertainty influence stock option exercise behaviours. Our findings further help to …