We live in a ‘zero-risk society', characterized by a culture that is obsessed with controlling and removing any … known unknowns but even unknown unknowns. This may sound like a paradox, but, bold risk-taking is an essential ingredient of … attribute this to five deeper causes: (i) risk aversion as a consequence of increasing wealth and aging; (ii) increasing …

destruction affects risk, wealth, and prices. Overinvestment not only imposes excessive disruption risk on existing assets and … wealth). Because of hedging motives, wealth duration and uncertainty decrease systematic risk. If rent seeking and … competition are sufficiently high, a negative risk premium arises that resolves over time with learning. The model generates price …

risk for innovation decisions. Our analysis uses a risk measure and a new outcome-independent measure of ambiguity. We find …. We also find a significant positive effect of risk on R&D, but the effect of risk on patents and citations is negative …

objective of the study is a diagnosis and comparison of the perception of selected risk issues connected with Industry 4 … Statistics calculator leads to the conclusion that, except for the kind of risk of "New products and services", all the observed …

Consistent with theoretical models that show disclosure can reduce uncertain investments, we find that mandating risk … firms, we identify a negative relationship between risk disclosure and firm-level investments in R&D and innovation output …, with risk disclosure having a larger impact on innovation among firms with financial constraints. These results suggest …

We examine the puzzling negative relation between financial distress risk and the cross-section of expected returns. We … most recent distress risk shocks to which investors initially underreact, causing temporary overpricing of distressed … stocks. In the long run, the relation between distress risk and returns reflects the positive risk premium as distress risk …

risk. Our findings, which are based on a simple measure to identify innovative firms, are in contrast with previous papers … organization capital, which amplifies their systematic risk. In addition, small innovators contribute significantly to the size …

Risk sharing is becoming an increasingly popular instrument to regulate the price of new drugs. In the recent past …, forms of risk-sharing agreements between the public regulator and the industry have been proposed and implemented, but their … and expected profit of several risk-sharing agreements between a regulator and the industry, based on the ex post …