---
title: Managerial Risk Aversion and Corporate Risk-Taking
url: https://www.ml-quant.com/papers/ssrn/4807932/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4807932
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4807932
featured: 2024-05-01
citations: unknown
topic: Corporate Finance
---


# Managerial Risk Aversion and Corporate Risk-Taking

A study of Japanese CFOs reveals that those with higher risk aversion and less personal portfolio diversification tend to invest less in risky projects, engage more in hedging with derivatives, and choose lower financial leverage.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4807932
- Identifier: SSRN 4807932
- Released: 2024-04-25
- First featured: Quant Letter No. 47 (2024-05-01): https://www.ml-quant.com/issues/2024-05-01/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Corporate Finance

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