Risk Attitude and Corporate Investment under Output Market Uncertainty: Evidence from The Mekong River Delta, Vietnam

Autor:	Ninh Le Khuong, Tho Huynh Huu, Nghiem Le Tan
Rok vydání:	2016
Předmět:	Delta 050208 finance Market uncertainty Natural resource economics 0502 economics and business 05 social sciences Economics Mekong river 050207 economics Investment (macroeconomics)
Zdroj:	Journal of Economics and Development. :59-70
ISSN:	1859-0020
DOI:	10.33301/2016.18.02.04
Popis:	This paper aims to detect the impact of firm managers’ risk attitude on the relationship between the degree of output market uncertainty and firm investment. The findings show that there is a negative relationship between these two aspects for risk-averse managers while there is a positive relationship for risk-loving ones, since they have different utility functions. Based on the findings, this paper proposes recommendations for firm managers to take into account when making investment decisions and long-term business strategies as well.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3f01e1b67a58e4ecf0642556e0422d5d https://doi.org/10.33301/2016.18.02.04 Zobrazit plný text záznamu