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Reward schemes
Lagziel, David; Lehrer, Ehud - In: Games and economic behavior 107 (2018), pp. 21-40
Persistent link: https://www.econbiz.de/10011976508
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Investor Behavior and the Purchase of Company Stock in 401(K) Plans - the Importance of Plan Design
Liang, Nellie - 2002
Using panel data for nearly 1,000 companies during 1991 to 2000, this paper documents that the average share of participant's discretionary 401(k) contributions in company stock was almost 20 percent, and then relates this share to plan design features and firm financial characteristics. We find...
Persistent link: https://www.econbiz.de/10012787121
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Fund Managers, Career Concerns, and Asset Price Volatility
Guerrieri, Veronica - 2010
We propose a model where investors hire fund managers to invest either in risky bonds or in riskless assets. Some … managers have superior information on the default probability. Looking at the past performance, investors update beliefs on … their managers and make firing decisions. This leads to career concerns which affect investment decisions, generating a …
Persistent link: https://www.econbiz.de/10012757530
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Execution Risk
Engle, Robert F. - 2010
Transaction costs in trading involve both risk and return. The return is associated with the cost of immediate execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between risk and return in optimal execution should reflect the...
Persistent link: https://www.econbiz.de/10012761661
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Yesterday's Heroes : Compensation and Creative Risk-Taking
Cheng, Ing-Haw - 2013
We study the relationship between compensation and risk-taking among finance firms using a neglected insight from principal-agent contracting with hidden action and risk-averse agents. If the sensitivity of pay to stock price or slope does not vary with stock price volatility, then total...
Persistent link: https://www.econbiz.de/10013094549
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Intergenerational risk-sharing and risk-taking of a pension fund
Gollier, Christian - In: Journal of public economics 92 (2008) 5/6, pp. 1463-1485
Persistent link: https://www.econbiz.de/10003718235
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Risk management of pensions from the perspective of loss aversion
Binswanger, Johannes - In: Journal of public economics 91 (2007) 3/4, pp. 641-667
Persistent link: https://www.econbiz.de/10003428549
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Are stocks desirable in tax-deferred accounts?
Garlappi, Lorenzo; Huang, Jennifer - In: Journal of public economics 90 (2006) 12, pp. 2257-2283
Persistent link: https://www.econbiz.de/10003383412
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The capital gain lock-in effect and equilibrium returns
Klein, Peter - In: Journal of public economics 71 (1999) 3, pp. 355-378
Persistent link: https://www.econbiz.de/10001352900
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Tax-exempt investors and the asset allocation puzzle
Mintz, Jack M.; Smart, Michael - In: Journal of public economics 83 (2002) 2, pp. 195-215
Persistent link: https://www.econbiz.de/10001658461