Household financial resilience is related to the availability of financial resources but also to the ability to anticipate and assess future situations and prepare for them accordingly. Overplacement describes the tendency of individuals to rate themselves better than others, i.e. they believe...

We examine whether a male CEO's facial masculinity, measured by facial width-to-height ratio (fWHR), predicts the riskiness of his firm. Using the face pictures of 1,162 CEOs in the Execucomp database, we find supporting evidence. Firms with more masculine-faced CEOs have higher stock return...

This study examines the historical origins of differences in attitudes towards risk and uncertainty across different cultures. It establishes a robust positive relationship between cross-country temperature volatility and Hofstede's (2011) [Hofstede, 2011] measure of uncertainty avoidance. This...

This study extends the current state of research on venture capital (VC) determinants by in-troducing a behavioral perspective. We focus on individuals' risk perception and connect it to Hofstede's cultural dimensions of individualism and uncertainty avoidance. Individualism is related to...

This paper looks at individual risk behavior and disability in Vietnam, where many households live with a disabled family member. Due to the Vietnam war, disability is a common phenomenon and shapes individuals' daily life and decision making. Using longitudinal data of 2200 households in...

This paper looks at individual risk behavior and disability in Vietnam, where many households live with a disabled family member. Due to the Vietnam war, disability is a common phenomenon and shapes individuals’ daily life and decision making. Using longitudinal data of 2200 households in...

Abstract: Informal risk-sharing is often cited as a key factor for sustainable poverty alleviation in developing countries, but the lack of implicit contract enforcement remains an important problem. Using data from the China Labor-force Dynamic Survey (CLDS), we find that Confucian culture has...

The paper presents art as a special object of investment. The features of works of art and art market are presented in comparison with characteristics of securities and stock exchange market. The author takes into account the following criteria: commodity features, ownership characteristic,...

Trust is an important determinant of economic development. Understanding its origins is therefore critical. We develop a principal-agent model with heterogeneous players to determine the aggregate amount of trustworthiness and trust in a society. People are distributed according to their...

This paper seeks to explain why Hollywood's dominant firms are narrowing the scope of creativity in the contemporary period (1980–2015). The largest distributors have sought to prevent the art of filmmaking and its related social relations from becoming financial risks in the pursuit of...