Results 221 to 230 of about 111,818 (269)

The efficiency of investment information

IEEE Transactions on Information Theory, 1998
Summary: We investigate how the description of a correlated information \(V\) improves the investment in the stock market \(X\). The objective is to maximize the growth rate of wealth repeated investments. We find a single-letter characterization of the incremental growth rate \(\Delta(R)\), the maximum increase in growth rate when \(V\) is described ...
Elza Erkip, Thomas M. Cover
openaire   +2 more sources

INVESTMENT HORIZON AND EFFICIENT FRONTIER

Journal of International Business and Economics, 2015
This paper verified the impact of the investment horizon in the allocation of an optimized portfolio. To do so, we generated efficient frontiers from a group of diversified global asset classes considering time series of returns of the past 10 years. It was possible to prove that the investment horizon impacts the composition of optimal portfolios for ...
Jose Luiz Barros Fernandes   +2 more
openaire   +1 more source

Penalties, Manipulation, and Investment Efficiency

Management Science, 2018
In this study, we examine whether imposing a penalty based on an earlier positive signal and a bad realized outcome can be welfare-improving. We find that imposing a penalty helps to improve investment efficiency, but it also brings a deadweight cost of potential penalty for entrepreneurs with good projects. We show that when a good project has a much
Lin Nan, Xiaoyan Wen
openaire   +1 more source

Investing in efficiency

The Electricity Journal, 1988
Abstract A “regulatory revolution” is sweeping the country, with emphasis on least-cost planning, resource bidding, and incentives for utilities as well as consumers.
openaire   +1 more source

Industrial Groups and Investment Efficiency*

The Journal of Business, 2002
Using a sample of 8,790 firm-years between 1993 and 1998, I examine investment policies of firms in Japanese industrial groups relative to independent firms. Contrary to independent firms, there is little evidence that group firms' investment is sensitive to ex-ante proxies of growth opportunities and for the most tightly linked firms in the industrial
openaire   +1 more source

Efficient Signalling with Dividends and Investments

The Journal of Finance, 1987
ABSTRACTAn efficient signalling equilibrium with dividends and investments or, equivalently, dividends and net new issues of stock is constructed, and its properties are identified. Because corporate insiders can exploit multiple signals, the efficient mix must minimize dissipative costs. In equilibrium, many firms both distribute dividends and deviate
Ambarish, Ramasastry   +2 more
openaire   +1 more source

Bargaining, Competition and Efficient Investment

2013
This paper explores the interplay between choice of investment type (specific vs. general), bargaining extensive form and endogenous outside options in the framework of incomplete contracts introduced formally in the work of Grossman, Hart and Moore. We find that the bargaining procedure chosen has significant implications for choice of investment and ...
Chiu, SYW, Chatterjee, K
openaire   +3 more sources

Board Compensation and Investment Efficiency

SSRN Electronic Journal
In their role as initiators of new business projects, CEOs have an advantage over access to and control over project-related information. This exacerbates pre-existing agency frictions and may lead to investment inefficiencies. To counteract this challenge, incentive compensation for corporate boards (responsible for approving major projects) emerges ...
Gregor, Martin, Michaeli, Beatrice
openaire   +2 more sources

Home - About - Disclaimer - Privacy