Do Firms Engage in Risk-Shifting? Empirical Evidence

By Erik P. Gilje. 2016

126 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/81c04d9e3d2a4a14b883323fb94c7b37a7cbf036

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Todd A. Gormley
2. David A. Matsa
3. Ian R. Appel
4. Pat Akey
5. Erik P. Gilje
6. Adrien Matray
7. Caroline Flammer
8. Stephen A. Karolyi

In Economics and Econometrics

1. Todd A. Gormley
2. David A. Matsa
3. Ian R. Appel
4. Pat Akey
5. Cesare Fracassi
6. Erik P. Gilje
7. Allen Carrion
8. Da Ke

Citations in the corpus

• The Limits of Limited Liability: Evidence from Industrial Pollution (2020, result): “However, evidence inconsistent with the hypothesis has also been reported by Andrade and Kaplan (1998), Gilje (2016), and Gormley and Matsa (2011), among others.”
• Playing It Safe? Managerial Preferences, Risk, and Agency Conflicts (2016, background): “Managers’ incentive to play it safe could also explain why empirical research finds little evidence of risk shifting among firms in distress (e.g., Andrade and Kaplan, 1998; Rauh, 2009; Gilje, 2014).”