Reputation concerns in credit markets restrain borrowers' temptations to take excessive risk. The strength of these …

Reputational risk has become a critical concern for most organizations. Insurers, who rely on trust to generate … business, are particularly vulnerable. Maintaining a positive reputation, however, is costly, leading to the potential for … expectations, which we test using a rich data set on operational loss risk events. Results indicate that passage of the Sarbanes …

What determines investors' risk-taking across macroeconomic cycles? Researchers have proposed rational expectations … models that introduce countercyclical risk aversion to generate the empirically observed time variation in risk-taking. We …

between unlimited liability and higher taxes would reveal important information about internal risk assessments, reduce public …

emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism …

that decision-makers tend to form beliefs that justify the previous investment decisions. A stronger risk taking motivates … more optimistic beliefs, in particular if it leads to losses. Sharing the responsibility for the risk taking reduces the … bias in the beliefs and this helps decision-makers to reduce the risk taking and limit the losses. The results suggest that …