's experience, a comprehensive definition of risk.Risk is not measurable uncertainty nor volatility. Risk is a three part concept … exposure while of pursuing objectives in an uncertain environment; (2) risk is ontological uncertainty, the unknown unknown …

contagion effects when making investment decisions, reduces his risk exposure as he becomes more sensitive to risk, and that his …

Investment decision making methodologies like Discounted Cash Flow (DCF) require forecasts. However, what if the future … option theory, to value uncertainty. However, scenario analyses and real options are rarely used in analyst reports meant for … external investors. Most investment analyst reports still use forecasts and DCF as the basis for their buy-sell-hold advice. In …

financing and payout decisions, induced by stochastic financing conditions. The model predicts (1) cuts in investment and …

We develop a dynamic Q-theoretic framework that investigates the interaction among investment, financing, carbon …) financing constraints hinder carbon emission reduction and investment; (2) carbon emission reduction enhances firm value and … investment, postpones payout, increases external equity financing, and strengthens incentives for hedging relative to the …

system's degree of uncertainty/predictability and stress level within it. Four main quadrants are identified: Ad hoc …

results suggest that interest rate uncertainty depresses financially constrained firms' investment in spite of hedging …We revisit the evidence on real effects of uncertainty shocks in the context of interest rate uncertainty, which can be … hedged in the swap market. We document that adverse movements in interest rate uncertainty predict significant slowdowns in …