This paper tests the proposition that higher tournament incentives will result in greater risk taking by senior … between the CEO and the next layer of senior managers, we find a significantly positive relation between firm risk and …-organizational CEO promotion tournaments provide incentives to senior executives to increase firm risk by following riskier policies …

firms which are the least vulnerable to takeover threat (the least idiosyncratic risk) outperform the others. We also find …

We estimate firm–level idiosyncratic risk in the U.S. manufacturing sector. Our proxy for risk is the volatility of the … systematically associated with growth itself. We find that idiosyncratic risk accounts for about 90% of the overall uncertainty faced … by firms. The extent of cross–sectoral variation in idiosyncratic risk is remarkable. Firms in the most volatile sector …

and the level of ambiguity in a particular decision context and then tailor their decision-making process to reduce risk …

Equity returns and fi rm's default probability are strictly interrelated financial measures capturing the credit risk … volatility risk component of a fi rm within Merton [17] structural model. Di fferently from [20] we consider a more general …

their purpose due to unmitigated risk factors. Most studies on strategic alliances and associated risks focus on developed … economies. Using the Kenyan case, this study sheds light on risk factors influencing the survival of SME alliances in the Sub …

between corporate social performance (CSP) and financial risk for an extensive panel data sample of S&P 500 companies between … that corporate social responsibility is negatively but weakly related to systematic firm risk and that corporate social … irresponsibility is positively and strongly related to financial risk. The fact that both conventional and downside risk measures lead …