risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … directors to analyse why they take risks, and how companies control risks. Integrating theory and evidence the book develops a …

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 …