Results 11 to 20 of about 4,666,885 (335)
Journal of Applied Probability, 2014 In this paper we solve the hedge fund manager's optimization problem in a model that allows for investors to enter and leave the fund over time depending on its performance. The manager's payoff at the end of the year will then depend not just on the terminal value of the fund level, but also on the lowest and the highest value reached over that time ...
Duembgen, Moritz, Rogers, L. C. G.
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On Irreversible Investment [PDF]
SSRN Electronic Journal, 2006 This paper develops a general theory of irreversible investment of a single firm that chooses a dynamic capacity expansion plan in an uncertain environment. The model is set up free of any distributional or any parametric assumptions and hence encompasses all the existing models.
Riedel, Frank, Su, Xia
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SSRN Electronic Journal, 2021 We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking crises.
Julien Penasse +4 more
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Investment Shocks and the Relative Price of Investment [PDF]
SSRN Electronic Journal, 2009 We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment.
Andrea Tambalotti +4 more
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Investing in public investment: an index of public investment efficiency
Journal of Economic Growth, 2011 This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Covering 71 countries, including 40 low-income countries, the index allows for benchmarking across regions and country groups and for nuanced ...
Dabla-Norris, Era +4 more
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Regulation and Investment [PDF]
SSRN Electronic Journal, 2003 use newly assembled data on regulation in several sectors of many OECD countries to provide evidence that regulatory reform of product markets is associated with an increase in investment. A component of reform that plays a very important role is entry liberalization, but privatization also has a substantial effect on investment.
Silvia Ardagna +7 more
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Investment and Instability [PDF]
SSRN Electronic Journal, 1998 Although recent research has repeatedly found a negative association between investment and socio-political instability (SPI), the existence and direction of causality between these two variables has not yet been investigated. We construct an index of SPI for non-overlapping five-year periods between 1960 and 1995 for a sample of 98 developing ...
Nauro F. Campos +3 more
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Theoretical Computer Science, 2010 We present a simple online two-way trading algorithm that exploits fluctuations in the unit price of an asset. Rather than analysing worst-case performance under some assumptions, we prove a novel, unconditional performance bound that is parameterised either by the actual dynamics of the price of the asset, or by a simplifying model thereof.
Koolen, W.M., de Rooij, S.
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Academy of Management Proceedings, 2013 Abstract The relevance of finance for strategy is probably never greater than during a recession. We argue that the strategy literature has been virtually silent on the issue of recessions, and that this constitutes a regrettable sin of omission. Recessions are also periods when the commonly held view of financial markets in the strategy literature ...
Knudsen, Eirik Sjåholm, Lien, Lasse B.
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Expectations and Investment [PDF]
NBER Macroeconomics Annual, 2016 AbstractUsing micro data from Duke University quarterly survey of Chief Financial Officers, we show that corporate investment plans as well as actual investment are well explained by CFOs’ expectations of earnings growth. The information in expectations data is not subsumed by traditional variables, such as Tobin’s Q or discount rates.
GENNAIOLI, NICOLA +2 more
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