Employees' risk attitude and corporate risk taking: Evidence from pension asset allocations
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DOI: 10.1016/j.jcorpfin.2017.11.001
Abstract: Do labor characteristics matter to corporate decisions? We answer this question by examining whether firms consider the risk attitude of rank-and-file employees in investing the pension assets of defined benefit plans. We construct a direct… read more here.
Keywords: pension; risk; employees risk; attitude corporate ... See more keywords