school cohort determined by the cutoff date policy at primary school entry, on corporate risk-taking. We base our analysis on … the arguable randomness of managers’ birth months and a novel data set containing the birth month information of 2 …

This study examines whether country-specific risk attenuates the association between tax policies and corporate risk …-taking. We define country-specific risk (political and fiscal budget risk) as taxpayer's risk that tax refunds on losses cannot … corporate tax rates and 49 changes in loss offset rules. We investigate whether government risk-sharing via loss offset rules …

, we investigate the effect of two important dimensions of a country’s culture, societal trust and risk avoidance, on risk … taking by insurance firms around the world between 2001 and 2014. We measure societal trust and risk avoidance using the … trust and insurer risk taking in a country, while there is a negative and significant association between the level of risk …

We investigate the impact of workers' exposure to unemployment risk on CEO incentive compensation. Exploiting state … insurance benefits become more generous boards increase the convex payoff structure of CEO pay to encourage risk-taking. The …

managers. The last section of the book discusses how managers can apply its findings to dialling up the required level of risk …The book answers a simple question: when managers and companies face a decision with two outcomes that are safe and … risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk …

appears to encourage undiversified managers to decrease risk-taking. Our evidence is consistent with agency theory and the … 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 idiosyncratic risk on average. Further analysis shows that corruption tends to …

This paper examines the effect of national culture on corporate risk-taking around the world. Specifically, we focus on … one particular culture trait – individualism – a culture dimension that has been linked to risk-taking and overconfidence … positive relationship between individualism and corporate risk-taking. This result is robust to potential endogeneity concerns …

three plausible channels, namely, the information asymmetry channel, the capital-at-risk channel, and the business strategy … study sheds new light on the real effects of media in mitigating risk-related agency conflicts …

This study empirically investigates the relationship between customer concentration and corporate risk-taking. We find … that overall customer concentration significantly reduces corporate risk-taking. However, the relationship varies across … different settings. Specifically, the negative relationship between customer-base concentration and corporate risk-taking is …