adoption, when investments are undertaken under uncertainty. In our setting, risk-neutral firms affect the variance and the …

The extant literature has used measurements of CEO risk-taking incentives which do not include the effects of …-taking incentives but also proposes a new, more direct, measure of risk-taking incentives — compensation gamma. Results show that vega … estimates for expected remaining CEO tenure this paper computes a complete estimate for vega as a proxy for CEO risk …

Our study is focused on compliance with risk policy - the minimum standard required of finance professionals …

This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are … credits. In addition, we find that low-capital banks' risk estimates have less explanatory power than those of high …

This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … estimate bank biases at the credit-level by comparing bank generated risk estimates within loan syndicates. The biases are … addition, we find that low-capital banks' risk estimates have less explanatory power than those of high-capital banks with …

This paper examines how convexity in incentives affects tail risks across and within different types of investment … provide incentives for fund managers to take systematic and idiosyncratic bets with tail risks …

The relationship between risk and incentives in franchise contracting is still an unsolved issue in the literature … incentive motivation. Contrary to this traditional view, we argue that the relationship between risk and incentives can be …. According to the standard principal-agent model, a trade-off emerges between the franchisee's protection against risk and …

providing stock options and severance pay. We demonstrate that the ability of these incentives to encourage risk-taking hinges … adjusting the level of option compensation. Overall, our results suggest that the effectiveness of incentives to take risk …Prior research establishes that boards of directors can encourage risk-averse managers to take risky actions by …