The paper studies the effect of tax asymmetry on (risk neutral) competitive firm's production and optimal hedging … show that: (a) in the absence of risk sharing arrangements asymmetry in taxation lowers the firm's optimal output compared … to the symmetric tax case, (b) when risk sharing tools become available the firm's output increases; moreover, in this …

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 …-analysis approach-a synthetic analysis approach to better understand the relationship between risk-taking and corporate return …

risk management …