Results 211 to 220 of about 116,983 (244)
SSRN Electronic Journal, 2002 We present a model incorporating both social and economic components and analyze their interaction. The notion of a social asset, an attribute that has value only because of the social institutions governing society, is introduced. In the basic model, agents match on the basis of income and unproductive attributes.
George J. Mailath, Andrew Postlewaite
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Asset Safety versus Asset Liquidity
Journal of Political Economy, 2023Recently, a lot of attention has been paid to the role “safe and liquid assets” play in the macroeconomy. Many economists take as given that safer assets will also be more liquid, and some go a step further by practically using the two terms as synonyms.
Geromichalos, Athanasios +2 more
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Reconsidering asset allocation involving illiquid assets
Journal of Asset Management, 2007Alternative assets are gaining increasing importance in investors' portfolios. One of their defining characteristic is their poor liquidity, which often translates into an inherent smoothing process of the returns. For asset allocation purposes, this feature has to be seriously addressed as it leads to a severe underestimation of the variance of ...
Teiletche, Jérôme, Cao, Dan
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SSRN Electronic Journal, 2018
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Kai Li, Jun Liu
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zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Kai Li, Jun Liu
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2015
<p>The increase in the number of ageing infrastructures in Europe, North America, and Japan over the last three decades, has led to the development of a set of tools that allow a more consistent and optimized management procedure. Asset management can be defi ned as the systematic activities and practices used by an organization to manage its ...
José C. Matos +2 more
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<p>The increase in the number of ageing infrastructures in Europe, North America, and Japan over the last three decades, has led to the development of a set of tools that allow a more consistent and optimized management procedure. Asset management can be defi ned as the systematic activities and practices used by an organization to manage its ...
José C. Matos +2 more
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Asset-Exploitation Versus Asset-Exploration
Academy of Management Proceedings, 2015This study examined several hypotheses regarding the location choice of foreign direct investment from emerging economies. Using a sample of 156 Chinese firms' first FDI in the analysis, this study found that firms with strong resource-seeking motivations would enter into countries with low level economy development.
Yuan Jin +3 more
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Asset Allocation with Shadow Assets
The Journal of Wealth Management, 2012The wealth of most investors contains both financial assets as well as nonfinancial assets. The author defines shadow assets as (mostly) nonfinancial and nontradable assets that are exogenous to the investor’s asset allocation decision, such as human capital, nonfinancial sovereign assets (e.g., underground oil reserves), the present value of future ...
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Factor-Based Asset Allocation vs. Asset-Class-Based Asset Allocation
Financial Analysts Journal, 2013This article addresses the issue of the alleged superiority of risk-factor-based asset allocations over the more traditional asset-class-based asset allocation. The authors used both an idealized model, capable of precise mathematical treatment, and optimizations based on different periods of historical data to show that neither approach is inherently ...
Thomas M. Idzorek, Maciej Kowara
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Asset Classes and Asset Allocation
The Journal of Wealth Management, 2000The author starts by pointing out that the early formulations of asset allocation were very narrow and did not anticipate the wide array of institutional investment possibilities that are now available. He argues that the elegant simplicity of a three-class system has now been degraded into a complex array of shifting and inconsistent categories that ...
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