The study analyzes the impact of macroeconomic, governance and risk factors on foreign direct investment (FDI …, macroeconomic and risk data were sourced from the Federal Reserve Economic Data (FRED) database. The governance data were collected …

momentum factors according to Carhart (1997). These risk factors from the four-factor model allow us to estimate more reliable … risk-adjusted returns than in the restrictive one-factor model based on the Capital Asset Pricing Model. In both the US and … to insignificant abnormal returns when all four risk factors are considered so that we find no evidence that SRI is …

-and-hedge strategy involving taking a long position in convertible bonds ('CBs') while hedging the equity risk alone explains a … market. However, the friction involved in adjusting the stock of risk capital managed by a large fund can negatively impact … collectively being rewarded for playing an intermediation role of funding CB issuers whilst distributing part of the equity risk of …

to meet their financial obligations. It is based on classical financial-statement approach, a direct inclusion of risk …

earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which … remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the …