Conspicuous consumption, specialised consumption of high visibility but without apparent economic benefit, is reducing investment in productive assets and thus hindering economic development in low-income countries. In previous research, the phenomenon was commonly explained by status-seeking...

This study examines the grounding and sectoral translation of the National Disaster Risk Reduction Management Plan (NDRRMP), focusing on the thematic areas of disaster prevention and mitigation, preparedness, response, and recovery. Republic Act 10121, also known as the Philippine Disaster Risk...

This study examines the grounding and sectoral translation of the National Disaster Risk Reduction Management Plan (NDRRMP), focusing on the thematic areas of disaster prevention and mitigation, preparedness, response, and recovery. Republic Act 10121, also known as the Philippine Disaster Risk...

This paper investigates the effect of corporate risk management on dividend policy. We extend the signaling framework of Bhattacharya (1979) by including the possibility of hedging the future cash flow. We find that the higher the hedging level, the lower the incremental dividend. This result is...

Los agricultores haven frente a una serie de riesgos que afectan a su renta y al bienestar de sus familias. Son principalmente riesgos relacionados con las condiciones climaticas, plagas y enfermedades, condiciones del mercado, politicas liberalizadores o cambio climatico. En los ultimos anos la...

Replaced with revised version of paper 11/18/08