firm risk, even in the presence of strong risk taking incentives. Our results are robust to controls for the sensitivity of … CEO wealth to stock price changes, firm risk determinants, the endogenous feedback effects of firm risk on CEO incentives …We investigate the risk choices of risk averse CEOs. Following recent theoretical work, we expect CEO risk aversion to …

2008 financial crisis. Strong and weak banks also stand apart: managers from weak banks took more risk than their peers in …This paper solves the dynamic investment problem of a risk averse agent compensated with a performance related bonus … principal experiences financial stress. Thus weaker financial corporations explain the downwards trend in risk-taking after the …

This study provides evidence that managerial incentives, shaped by compensation contracts, help to explain the …-based contract, makes investment decisions for a firm that faces time-varying volatility. The contract creates incentives that affect …

risk incentives provided in managerial compensation to capture top managers' risk-taking motives, and develop measures of …This study examines how the risk-taking motives of top managers drives risk-taking in IT implementations. We use the … risk incentives drive aggressive IT implementations. We also consider how firm diversification may influence the …