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On social preferences and the intensity of risk aversion

Stark, Oded - 2018

We study the relative risk aversion of an individual with particular social preferences: his wellbeing is influenced by his relative wealth, and by how concerned he is about having low relative wealth. Holding constant the individual's absolute wealth, we obtain two results. First, if the...

Persistent link: https://www.econbiz.de/10011847777

Climate change related risks, opportunities and adaptation actions in European cities : insights from responses to the CDP cities program

Groth, Markus; Brück, Maria; Oberascher, Teresa - 2016

Cities, home to more than half of the world's population and important economic hubs, are vulnerable to impacts of climate change and worthy to protect. To address these challenges, implementing climate change adaptation measures is inevitable. The paper provides insights into climate change...

Persistent link: https://www.econbiz.de/10011882886

The pitfalls of central clearing in the presence of systematic risk

Kubitza, Christian; Pelizzon, Loriana; Getmansky, Mila - 2018

Through the lens of market participants' objective to minimize counterparty risk, we provide an explanation for the reluctance to clear derivative trades in the absence of a central clearing obligation. We develop a comprehensive understanding of the benefits and potential pitfalls with respect...

Persistent link: https://www.econbiz.de/10011923506

Is Hollywood a risky business? : a political economic analysis of risk and creativity

McMahon, James - 2018

uncertainty about where creativity in cinema is going can produce financial uncertainty about the future earning potential of new …

Persistent link: https://www.econbiz.de/10011925891

Does inflation uncertainty hurt domestic investment? : empirical evidence from Ghana

Kamasa, Kofi; Kpodo, Eunice Efua; Bonuedi, Isaac; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-17

This paper empirically investigates the effect of inflation uncertainty on domestic investment in Ghana. In addition …, it investigates the differential impacts of permanent and transitory inflation uncertainty on investment in Ghana …. Inflation uncertainty was measured using the conditional variance generated from the generalized autoregressive conditional …

Persistent link: https://www.econbiz.de/10013390990

Perceived risk and debt behaviour in the stock market : a survey of investors in Vietnam

Phung Trang M. T.; Hsu, Wei Huei; Naylor, Michael J.; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-29

While informal debt is often used as a funding source for retail investors, very little is known about the characteristics of its sources and use. This is particularly true in emerging markets where the use of informal debt is widespread. We examine the determinants of the use of informal debt...

Persistent link: https://www.econbiz.de/10013391099

What makes risk-averse investors tick? : a practitioners guide

Van den Bergh-Lindeque, Anzel; Ferreira-Schenk, Sune; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-20

The real challenge to many practitioners in the financial and investment sector is to accurately profile risk-averse investors to still be inclusive of these investors in the wealth creation process. This study aims to profile risk-averse investors through a structural equation model based on...

Persistent link: https://www.econbiz.de/10013393450

Alumni network, CEO turnover, and stock price crash risk : evidence from China

Liu, Jing - In: Cogent economics & finance 10 (2022) 1, pp. 1-25

This paper empirically tests the impact of CEO’s alumni relationships on the stock price crash risk during CEO turnover. Empirical tests find that CEOs’ advantage among alumni networks will increase stock price crash risk during CEO turnover to some degree. However, this effect is built on...

Persistent link: https://www.econbiz.de/10013393583

Corporate governance and Islamic law compliance risk

Mukhibad, Hasan; Nurkhin, Ahmad; Jati, Kuat Waluyo; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-17

This study examines the influence of the Shariah Supervisory Board (SSB), Board of Directors (BOD), Risk Officers (RO), Audit Committee, and market competition (Lerner) on the Islamic Law Compliance Risk (ILCR). We use a sample of full-fledged Islamic banks in Indonesia with an observation...

Persistent link: https://www.econbiz.de/10013400077

Proportionality of willingness to pay to small changes in risk : the impact of attitudinal factors in scope tests

Leiter, Andrea M.; Pruckner, Gerald J. - 2007

Persistent link: https://www.econbiz.de/10003675453