__Abstract__ We test risk attitude and risk propensity of executive and non-executive directors of almost all (read: 10 … is small as the population is small, but still we can test various hypotheses that are put forward in the literature. Our … main finding is that the differences between risk attitudes of board members of companies in a developing country do not …

We study risk perception and actual decision-making by the corporate elite, where we consider CEOs, CFOs and non … CEOs are more risk tolerant but do not act accordingly by demanding higher returns. CFOs and non-executives are found to be … more risk-averse; but, interestingly, only the non-executives demand higher returns more than CEOs do. Differences in …

. To create exogenous variation in irritation, we design a unique controlled field experiment in cooperation with five of …