credit risk amid greater uncertainty. These adverse impacts of uncertainty on bank lending (both quantity and quality) are …

-order risk-seeking SD (RSD) alone for any two prospects is not sufficient to imply Omega ratio dominance insofar that the Omega … ratio of one asset is always greater than that of the other one. We extend the theory of risk measures by proving that the …

Risk and risk aversion are important concepts when modeling how to choose from or rank a set of random variables. This … chapter reviews and summarizes the definitions and related findings concerning risk aversion and risk in both a mean …

corporate finance. Specifically, we survey evidence pertaining to incentive conflicts, control rights, collateral, renegotiation …

neglected area of moral hazard; specifically the relationship between risk aversion, an entrepreneur?s wealth and the provision … of collateral. The results highlight some interesting nuances which are not characteristic of the properties of models … be negatively related to an entrepreneur?s initial wealth. Our model shows that banks can use collateral as a means of …

-pected to reduce agency costs, perceived credit risk and thus the request for personal collateral. Trustworthiness is associated …’ assessment of the trustworthiness of owner/managers is negatively associated with the personal collateral demanded by banks … hypothesis. The results show that trust has a minor role in reducing the request of collateral. …

The paper investigates the use of collateral in the Argentine banking system by exploiting a rich dataset administered … cons of pledging collateral in the context of the modern asymmetric information approach to banking. Afterward, the … collateral to riskier borrowers (contrary to the signaling approach). In particular, it is found that the probability increases …

This paper examines how collateral and personal guarantees affect firms’ ex-post performance employing a propensity …-and-medium-sized borrower firms in Japan, we find that borrowers with high observed riskiness are more likely to pledge collateral. In addition …, we find that borrowers that provide collateral to lenders experience larger increases in profitability and reductions in …

collateral requirements and induce self-selecting contracts. In this setting, we view MGSs as a wealth-pooling mechanism that …