We formulate a dynamic no-arbitrage asset pricing model for equities and corporate bonds, featuring time variation in both risk aversion economic uncertainty. The joint dynamics among cash flows, macroeconomic fundamentals, accommodate heteroskedasticity non-Gaussianity. delivers measures of uncertainty at the daily frequency. verify that equity variance premiums are very informative about aver...

Using a unique proprietary data set of 460 realized buyouts completed between 1990 and 2005, we examine the risk appetite of private equity (PE) sponsors in different states of the PE market and analyse key determinants of deal-level equity risk. We develop a new approach to mathematically model PE investment equity risk based on the Black-Cox default model. We find higher equity volatilities d...

IMPORTANCE Genome-wide association studies have identified genetic risks for obesity. These genetic risks influence development of obesity partly by accelerating weight gain in childhood. Research is needed to identify mechanisms to inform intervention. Cross-sectional studies suggest appetite traits as a candidate mechanism. Longitudinal studies are needed to test whether appetite traits media...

This paper solves the dynamic investment problem of a risk averse manager compensated with a call option on the assets he controls. Under the manager’s optimal policy, the option ends up either deep in or deep out of the money. As the asset value goes to zero, volatility goes to infinity. However, the option compensation does not strictly lead to greater risk seeking. Sometimes, the manager’s o...

BACKGROUND Although appetite suppressants have been implicated in the development of valvular heart disease, the exact level of risk is still uncertain. Initial studies suggested that as many as 1 in 3 exposed patients were affected, but subsequent research has yielded substantially different figures. Our objective was to systematically assess the risk of valvular heart disease with appetite su...

AIMS AND OBJECTIVES To explore the prevalence of decreased appetite and factors associated with appetite among patients with stable heart failure. BACKGROUND Decreased appetite is an important factor for the development of undernutrition among patients with heart failure, but there are knowledge gaps about prevalence and the factors related to appetite in this patient group. DESIGN Observat...

Hunton et al. (2008) observed a functional effect of continuous monitoring (real earnings management was eliminated) and a dysfunctional effect (intertemporal investment risk appetite was unduly diminished). Intertemporal investment risk appetite refers to managers’ willingness to invest or disinvest in and continue or discontinue with an ongoing long-term risky project. The current study exami...