chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This … risk aversion profile and put more effort in monitoring firm activities than men in the financial matter domains. A number …

We study the dynamic general equilibrium of an economy where risk averse shareholders delegate the management of the … firm to risk averse managers. The optimal contract has two main components: an incentive component corresponding to a non …

We present a model in which managers are risk-averse and firms compete for scarce managerial talent ("alpha"). When …-insurance among employees. In anticipation, risk-averse managers may churn across firms or undertake aggregate risks in order to delay … the revelation of their true quality. The result is excessive risk-taking with pay for short-term performance and an …