's debtholders to bail out the firm as bankruptcy looms. Because of this implicit guarantee, firm shareholders have an incentive to … increase volatility in order to exploit the implicit protection. However, if they increase volatility too much they may induce … that it allows high volatility choices, while net worth is high. However, risk limits tighten abruptly when the firm's net …

's debtholders to bail out the firm as bankruptcy looms. Because of this implicit guarantee, firm shareholders have an incentive to … increase volatility in order to exploit the implicit protection. However, if they increase volatility too much they may induce … that it allows high volatility choices, while net worth is high. However, risk limits tighten abruptly when the firm's net …

financial markets, and volatility of exchange rates in the international context. This book can be used as a reference for …

We investigate the link between firm volatility and risk-taking (RT) among 4232 institutions across 11 countries during … the period of 2000–2017 and find RT is negatively correlated with volatility measures. Second, a decomposition of the … volatility mainly through better corporate governance, firm size, higher information efficiency, and strong BOD. Third, Australia …