We estimate how an acquiring firm's risk changes depending on whether the market initially judges the acquisition to be …, acquisitions judged negatively by the market result in a 5% increase in total risk, while acquisitions judged positively by the … market feature a 30-basis-point increase in total risk. We found the median acquisition to be value creating, not value …

volatility or event risk. We combine long spans of high-frequency data with a flexible parametric model of returns, which al …-varying announcement volatility as announcement event risk varies by as much as an order of magnitude over time …

disequilibria are skyrocketing and default risk premiums and tensions within the Euro area are rising, thus jeopardizing the …

Evaluating multiple sources of risk is an important problem with many applications in finance and economics. In … of multidimensional density forecasts, multidimensional Value at Risk and Dependence in Risk …

Evaluating multiple sources of risk is an important problem with many applications in finance and economics. In … of multidimensional density forecasts, multidimensional Value at Risk and dependence in risk …

or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment … characterizes rare disasters, results in lower risk-taking at the beginning of working life, and is crucial in order to match the …

We present evidence of differential effects of risk perception in the housing market. We use housing transaction data … near military bases to examine capitalization of potential military jet accident risk in house prices. We find that …

. This allows me to explore the impact of hedge funds’ prototypical contract structure on their dynamic risk allocations and … on asset prices in general. One implication of the model is that risk taking varies around a fund’s distance to its high … high-water marks take on significantly greater levels of risk. This increased risk is accomplished in part by investing in …