Is it really possible to control for the downside risk when the market environment is in constant evolution? If so … variance and correlation terms are properly taken into account, downside risk can be mitigated without compromising long …

significant reduction in firm-specific risk, especially when the apps collect user data and when firms have a poor initial … information environment, consistent with recent theories on the role of data for firm risk. Furthermore, firms' app value predicts …

We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi …-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable …

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who … become entrepreneurs by limiting the downside risk. The effort of entrepreneurs may, however, be hampered by high risk …