their revenues. We predict that suppliers with a higher customer concentration face higher idiosyncratic risk and, as a …

managers' risk-taking. We find that, after left-tail risk increases, boards reduce managers' exposure to stock price movements … and that less convexity from options-based pay leads to greater risk-reducing activities. Specifically, managers with less …This paper examines the two-way relationship between managerial compensation and corporate risk by exploiting an …

extra risk in equity stakes born by risk-averse managers. We confirm our conjecture by using lagged stock return volatility …-agent setting without entrenchment and with exogenous firm-risk, riskier firms may offer higher total pay as compensation for the … to measure exogenous firm risk and showing that riskier firms are also more productive and are more likely to be held by …

the same performance as firms managed by male CEOs. We also examined if the gender of the CEO affects the firm risk level … female, the firm risk level is smaller than when the CEO is a male. Another important finding is that boards are not … attending to the risk aversion differences between male and female CEOs when they design the compensation packages, especially …

Empirical evidence on the relation between managers and risk is mixed, with data mostly from developed countries, and … managers and idiosyncratic risk is more pronounced when there is greater earnings pressure and or when there are information … problems and heterogeneous risk-taking incentives, can have a negative impact on firm value if the able managers' risk …

This article tries to find when the experience plays a key role in investment decisions by venture capitalists (VCs …) investment decisions. First, we analyze the relative importance of the decision-making criteria that VCs have in mind. Then, the … relationship between uncertainty and entrepreneurs' experience is investigated. The conjoint analysis and the multiple regression …

Agency theory argues that pay-performance sensitivity should be negatively associated with risk. Yet, empirical studies … have reported mixed findings on this relationship, which may be attributable to such confounding factors as different … dealership in Taiwan to examine the relationships among risk, employee compensation contract design, and firm performance …

decisions, and suggests that any analysis of the relation between uncertainty and a firm's cost behavior needs to be conducted …Extensive theoretical research demonstrates the pivotal role uncertainty plays in shaping a firm's cost behavior. Our … effects of price and demand uncertainty on cost elasticity and cost asymmetry. Using the occurrence of words implying …

officers for breaching fiduciary duties owed to the corporation. We examine the impact of the reduced litigation risk caused by …, Nevada-incorporated firms with severe borrower-lender agency conflicts take more risk, increase payout through stock … risk exacerbates the borrower-lender agency conflicts …

Asset pricing theory postulates that a risk factor correlates with individuals' marginal utility of consumption. Hence …, under plausible preferences, individuals should become more risk tolerant given favorable factor returns. We show that this … prediction empirically with commonly-used asset pricing factors, such as the Fama French and momentum factors. Over the period …