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Gender, Risk and Venture Creation Intentions
Dawson, Christopher J. - 2012
This paper is concerned with whether women are less likely to express business start-up intentions because of a less favourable attitude to risk. Previous research suggests that attitude to risk differs significantly between genders, but has not addressed the question of whether this contributes...
Persistent link: https://www.econbiz.de/10013098820
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Political Corruption and Corporate Risk-Taking
Khieu, Hinh; Nguyen, Nam; Phan, Hieu V.; Fulkerson, Jon A. - 2022
We use variation in corruption convictions across judicial districts in the United States to examine the relationship between political corruption and risk-taking of public firms. Firms headquartered in regions with high levels of political corruption have lower total risk and lower...
Persistent link: https://www.econbiz.de/10013289809
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Corporate risk taking and ownership structure
Paligorova, Teodora - 2010
This paper investigates the determinants of corporate risk taking. Shareholders with substantial equity ownership in a single company may advocate conservative investment policies due to greater exposure to firm risk. Using a large cross-country sample, I find a positive relationship between...
Persistent link: https://www.econbiz.de/10003933396
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Coinvestment and risk taking in private equity funds
Bienz, Carsten; Thorburn, Karin; Walz, Uwe - 2016
Private equity fund managers are typically required to invest their own money alongside the fund. We examine how this coinvestment affects the acquisition strategy of leveraged buyout funds. In a simple model, where the investment and capital structure decisions are made simultaneously, we show...
Persistent link: https://www.econbiz.de/10011436066
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Shareholder and Bondholder Governance, and Managerial Risk-Taking
King, Tao-Hsien Dolly - 2009
We examine the relation between corporate governance and managerial risk-taking behavior. In light of the global financial crisis, the importance of effective governance structures in protecting claimholder interests cannot be emphasized enough. For corporate governance, we propose to include...
Persistent link: https://www.econbiz.de/10013156790
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Risk-Taking Incentives and Returns on R&D Investment
Billings, Bruce K. - 2018
, while other theoretical research argues that high levels of option-based compensation may actually lead to greater risk … aversion, resulting in lower return investment choices. Therefore, we assess whether incentives associated with stock option …
Persistent link: https://www.econbiz.de/10012924858
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Managerial Ability and Firm Risk-Taking Behavior
Yung, Kenneth; Chen, Chen - 2021
In this study, we show that managerial heterogeneity plays an important role in firm decisions. Our view is that in addition to the effects of previously examined determinants, firm decisions are affected not just by the managers’ explicit mandate to maximize firm value, but also by the...
Persistent link: https://www.econbiz.de/10013251938
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Ownership, wealth, and risk taking : evidence on private equity fund managers
Bienz, Carsten; Thorburn, Karin S.; Walz, Uwe - 2020
We examine the incentive effects of private equity (PE) professionals' ownership in the funds they manage. In a simple model, we show that managers select less risky firms and use more debt financing the higher their ownership. We test these predictions for a sample of PE funds in Norway, where...
Persistent link: https://www.econbiz.de/10012303223
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Policy Uncertainty, Corporate Risk-Taking, and CEO Incentives
Ion, Mihai - 2017
Using a news-based index of aggregate policy uncertainty in the US economy, we document a strong negative relation between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with significantly lower future stock return volatility at the...
Persistent link: https://www.econbiz.de/10012947474
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The effect of option grants on managerial risk taking : a review
Lin, Guoyu; Liu, Chenyong; Mette, Jehu; Crichton, Rohan - In: Risks : open access journal 10 (2022) 8, pp. 1-8
This article presents a systematic review of the theoretical and empirical literature on option grants and managerial … diversified portfolios and, thus, tend to take less risk than optimal for shareholders. More option grants may encourage risk … causal link between option granting and managerial risk taking has been challenging due to reverse causality, omitted …
Persistent link: https://www.econbiz.de/10013368499