Taking chances and making mistakes: non-genetic phenotypic heterogeneity and its consequences for surviving in dynamic environments
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DOI: 10.1098/rsif.2017.0141
Abstract: Natural selection has shaped the strategies for survival and growth of microorganisms. The success of microorganisms depends not only on slow evolutionary tuning but also on the ability to adapt to unpredictable changes in their… read more here.
Keywords: making mistakes; mistakes non; non genetic; chances making ... See more keywords
Taking No Chances: Lender Monitoring and Managerial Risk-Taking
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DOI: 10.2139/ssrn.3507617
Abstract: Using mergers between firms’ existing lenders as shocks to the incentive and bargaining power to monitor, I find that intensified lender monitoring significantly reduces borrowers’ public takeover activities. The effect is driven by mergers involving… read more here.
Keywords: monitoring managerial; chances lender; risk taking; managerial risk ... See more keywords