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, we offer a new theory of supplier finance arms as we show an intrinsic complementarity between supply and lending which … reduces financing inefficiencies created by informational asymmetries. The model offers: a theory of countervailing power … outsourcing supply (or distribution) in the face of market risk …
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Women are commonly stereotyped as more risk averse than men in financial decision making. In this paper we examine whether this stereotype reflects actual differences in risk taking behavior by means of a laboratory experiment with monetary incentives. Gender differences in risk taking may be...
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theory. Data from other countries are examined to see which features of the U.S. experience apply more generally. The chapter …
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We study structural models of stochastic discount factors and explore alternative methods of estimating such models using data on macroeconomic risk and asset returns. Particular attention is devoted to recursive utility models in which risk aversion can be modified without altering...
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Risk and risk aversion are important concepts when modeling how to choose from or rank a set of random variables. This chapter reviews and summarizes the definitions and related findings concerning risk aversion and risk in both a mean-variance and an expected utility decision model context.
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