Thomas Lindner

Full Professor of International Management, University of Innsbruck

New paper on asymmetric risk preferences and corporate capital structure

In our new paper (co-authored with Jonas Puck and Giulia Stocco), we connect prospect theory and the static trade-off theory of capital structure, using international variation in asymmetric risk preferences. The paper is available online-first here: https://doi.org/10.1016/j.ibusrev.2022.102067.