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 …

Purpose: This study examines the influence of individual blockholders on corporate risk-taking using Korean-listed firm …, increase corporate risk-taking by monitor and discipline the controlling shareholder’s self-serving decisions. However, as … corporate risk-taking is an empirical question. Design/methodology/approach: To test research the question, this study examines …

aversion preferences of Klibanoff, Marinacci, and Mukerji (2005, 2009) and time-varying ambiguity. Relative to the Bansal … risk aversion and the intertemporal elasticity of substitution. The three-way separation allows the model to further … account for the variance premium puzzle, besides the puzzles of the equity premium, the risk-free rate, and the return …