The effect of risk-taking behavior on profitability: Evidence from futures market

Cheng, Teng Yuan; Lee, Chun I.; Lin, Chao Hsien

doi:10.1016/j.econmod.2019.04.017

Cited by 8 publications

(1 citation statement)

References 54 publications

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“…In addition, the literature shows that risk-taking plays an important role in corporate investment (Cheng et al, 2020). Managers tend to suspend investment when uncertainties arise, leading to miss pro table projects (Ming et al, 2016).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The moderation role of investment opportunities in modifying the impact of state ownership on corporate risk-taking behavior

Nguyen

2022

JIEM

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This study aims to examine the moderation role of investment opportunities in the effect of state ownership on risk-taking behavior. The research used the financial data of non-financial listed firms in Hanoi and Ho Chi Minh stock exchanges. The sample includes firm observations during the period from 2015 to 2020. These selection criteria yield a sample of 2,664 firm-year observations. The data are collected from Bloomberg. Moreover, the findings are robust by year-fixed effects along with clustered standard errors. The research finds that state ownership negatively affects corporate risk-taking behavior. On the other hand, investment opportunities can moderate the negative impact of state ownership on corporate risk-taking activities. The study proposes two policy recommendations. First, state-owned firms should improve their corporate governance to deal with agency problems. Second, the government should consider policies to encourage state-owned firms to increase their risk-taking behavior.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The moderation role of investment opportunities in modifying the impact of state ownership on corporate risk-taking behavior

Nguyen

2022

JIEM

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The Profitability and Arbitrage Efficiency of the Chicago Mercantile Exchange Nikkei 225 Futures

Qin

2024

Asia-Pac Financ Markets

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Does a Chairperson's military experience promote share repurchase? Evidence from Chinese listed companies

et al. 2023

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The effect of risk-taking behavior on profitability: Evidence from futures market

Cited by 8 publications

References 54 publications

The moderation role of investment opportunities in modifying the impact of state ownership on corporate risk-taking behavior

The moderation role of investment opportunities in modifying the impact of state ownership on corporate risk-taking behavior

The Profitability and Arbitrage Efficiency of the Chicago Mercantile Exchange Nikkei 225 Futures

Does a Chairperson's military experience promote share repurchase? Evidence from Chinese listed companies

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