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Bet-the-company decisions : when do they pay off?
Fralich, Russell - In: Journal of business strategy 37 (2016) 1, pp. 44-50
Persistent link: https://www.econbiz.de/10011518371
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Bet-the-company decisions: when do they pay off?
Fralich, Russell - In: Journal of Business Strategy 37 (2016) 1, pp. 44-50
Purpose – The purpose of this paper is to examine what distinguishes bet-the-company decisions from strategic decisions … comprehensive review and synthesis of relevant literature and media coverage since 1980, the author identifies 42 cases of bet … four drivers of bet-the-company decisions. Research limitations/implications – The author draws conclusions from a …
Persistent link: https://www.econbiz.de/10014847213
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The effect of corporate bankruptcy reorganization on consumer behaviour
Mainardes, Emerson Wagner; Mota, Ricardo Lopes; … - In: European Research on Management and Business Economics … 26 (2020) 2, pp. 96-102
The objective of this study is to compare the effects of a company's perceived levels of trust, reputation, risk perception, and quality, on consumers' purchasing intention in two contexts. The first context posits a company in stable financial condition, while the second a company in bankruptcy...
Persistent link: https://www.econbiz.de/10014525606
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Risk-Return Association for Italian Non-Financial Firms from a Prospect Theory Perspective
Marzo, Giuseppe - 2010
Risk-return association is one of the major concerns for economics and business disciplines. While the standard economics and finance theory assume that the sign of the relationship should be positive (individuals are assumed to be risk adverse), since Bowman (1980) many researchers have found...
Persistent link: https://www.econbiz.de/10013136428
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Political Risk and International Valuation
Bekaert, Geert - 2015
Measuring the impact of political risk on investment projects is one of the most vexing issues in international business. One popular approach is to assume that the sovereign yield spread captures political risk and to augment the project discount rate by this spread. We show that this approach...
Persistent link: https://www.econbiz.de/10013015661
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Informative Content of Cash Flows in the Analysis of Risk
Terreno, Dante D. - 2018
The proposed of this paper is to determine the informative content of the cash flows related to the earnings of the process of explaining the firm's risk. The risk proxies used are Mark-to-Book, Market Beta, financial leverage and insolvency risk. The models are solved by the ordinary least...
Persistent link: https://www.econbiz.de/10012910897
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Tax Avoidance, Uncertainty, and Firm Risk
Hutchens, Michelle - 2019
While tax avoidance strategies result in greater after-tax cash flows, they can involve uncertain future outcomes, which can impose significant costs on firms. Thus, the extent to which tax avoidance increases firm risk is unclear. This paper re-examines the relation between tax avoidance and...
Persistent link: https://www.econbiz.de/10012891074
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CEO Risk Preference and Investing in R&D
Abdel-Khalik, A. Rashad - 2016
This study aims at (1) developing an index to measure CEO risk tolerance using publicly available data, and (2) examining the association between this index and investment in risky projects. Using relative pay-at-risk as a proxy for risk preference (tolerance) is a new proposition and is...
Persistent link: https://www.econbiz.de/10013006448
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The Moderating Effect of Relative Performance Evaluation on the Risk Incentive Properties of Executives' Equity Portfolios
Park, Hyungshin - 2015
We offer evidence that the use of Relative Performance Evaluation (RPE) in CEOs' incentive contracts influences the effect of risk-taking incentives on both the magnitude and composition of firm risk. We find that when the incentive design lacks RPE features, the incentive portfolio vega...
Persistent link: https://www.econbiz.de/10013019246
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Relationship between Risk and Incentives in Franchise Contracting
Fadairo, Muriel - 2016
The relationship between risk and incentives in franchise contracting is still an unsolved issue in the literature. According to the standard principal-agent model, a trade-off emerges between the franchisee's protection against risk and incentive motivation. Contrary to this traditional view,...
Persistent link: https://www.econbiz.de/10012988459