funding risk, I show that funds with a high exposure to market-wide funding shocks - measured by changes in Libor-OIS spreads … - subsequently underperform funds with a low exposure to market-wide funding shocks by $5.99\%$ annually on a risk-adjusted basis (t …=3.53). In line with my theory, the performance difference between low-funding-risk and high-funding-risk funds is …

risk factors. Family firms generate an annual abnormal return of 2.8% to 7.1%. We also document that family firms …

The study built the new measurement scales of risk perception in investing in stock types trading on the emerging stock … market, and then explored the effects of perceived risk on investment performance and intentions of individual investors. The … distributed to 465 retail investors. Results showed that perceived risk had the direct positive impact on both investment …

risk management should be of main concern. Enterprise Risk Management (ERM) adoption and the extent of ERM implementation … is seen as a guaranteeing element to increase the value of the companies over the long term due to adequate risk … awareness and risk management strategies in all relevant business functions. This study examines the extent of ERM …

Investment-based asset pricing research highlights the role of irreversibility as a determinant of firms' risk and … flexibility (i.e., contraction and expansion options) is to determine the relation between risk and operating leverage: risk … these characteristics in stock returns and risk …

based on introducing stochastic idiosyncratic cash flow risk into an equity valuation model of firms with growth options …. Within our model, a firm's systematic risk depends on the delta of its growth option. The growth option's delta is lower when … idiosyncratic volatility rises, driving down the firm's systematic risk and hence its expected return - firms with higher …