Narrow search
Showing 1 - 10 of 71
Cover Image
The Cost of Capital of Cross-Listed Firms
van Dijk, Mathijs A.; Koedijk, Koedijk, C.G. - Erasmus Research Institute of Management (ERIM), … - 2002
This paper analyzes the cost of capital of firms with foreign equity listings. Our purpose is to shed light on the question whether international and domestic asset pricing models yield a different estimate of the cost of capital for cross-listed stocks. We distinguish between (i) the...
Persistent link: https://www.econbiz.de/10010730896
Cover Image
Survival, Look-Ahead Bias and the Persistence in Hedge Fund Performance
Verbeek, Marno; Baquero, G.; ter Horst, ter Horst, J.R. - Erasmus Research Institute of Management (ERIM), … - 2002
evidence of positive persistence in hedge fund returns, also after correcting for investment style. At the two-year horizon …
Persistent link: https://www.econbiz.de/10010731037
Cover Image
Do Global Risk Factors Matter for International Cost of Capital Computations?
van Dijk, Mathijs A.; Koedijk, Koedijk, C.G. - Erasmus Research Institute of Management (ERIM), … - 2002
International financial markets are becoming integrated. Hence, global risk factor are increasingly important for portfolio selection and asset pricing. The recent empirical finance literature has confirmed that both the global market portfolio and exchange rate risk factors constitute important...
Persistent link: https://www.econbiz.de/10010731049
Cover Image
Investment and Internal Finance: Asymmetric Information or Managerial Discretion?
Degryse, Degryse, H.; de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2001
This paper examines the relation between cash-flow availability and investment spending in the Netherlands. In … cash-flow and investment spending. This relation is positive for both firms with low and high investment opportunities. It … is however significantly larger for firms with low investment opportunities suggesting that the managerial …
Persistent link: https://www.econbiz.de/10010731426
Cover Image
Risico en Rendement in Balans voor Verzekeraars
Pelsser, Pelsser, A.A.J. - Erasmus Research Institute of Management (ERIM), … - 2003
Antoon Pelsser (1968) is Head of the Asset-Liability Matching department of ING-Insurance. The ALM department advises the board on the optimal asset allocation to cover the insurance liabilities. The department is also responsible for the calculation of market values and risk measures of...
Persistent link: https://www.econbiz.de/10010837406
Cover Image
The Practice of Investment Appraisal
Akalu, M.M.; Turner, Turner, J.R. - Erasmus Research Institute of Management (ERIM), … - 2001
This case study examines the capital budgeting practices of four companies operating in different industry. The findings indicate that most companies follow decentralised project decision-making. Despite the use of DCF techniques, there is a tendency to combine with the newly crafted value...
Persistent link: https://www.econbiz.de/10010837535
Cover Image
On the Real Effects of Private Equity
Roosenboom, Roosenboom, P.G.J. - Erasmus Research Institute of Management (ERIM), … - 2009
Private equity has become an increasingly important part of our economy. Around the world the companies owned by private equity investors account for a substantial percentage of Gross Domestic Product (GDP) and private sector employment. These investors have recently been under fire in the media...
Persistent link: https://www.econbiz.de/10010730478
Cover Image
Corporate Finance In Europe Confronting Theory With Practice
Brounen, Brounen, D.; de Jong, de Jong, A.; Koedijk, … - Erasmus Research Institute of Management (ERIM), … - 2004
of an investment opportunity, CFOs of small firms still rely on the payback criterion. Regarding debt policy we document …
Persistent link: https://www.econbiz.de/10010730904
Cover Image
Risk Perception and Decision-Making by the Corporate Elite: Empirical Evidence for Netherlands-based Companies
Segers, Rene; Franses, Philip Hans; de Groot, de Groot, E.A. - Erasmus Research Institute of Management (ERIM), … - 2012
tend to ask higher returns on investment. For all members of the corporate elite it holds that overconfidence is …
Persistent link: https://www.econbiz.de/10010730971
Cover Image
A Framework for Managing a Portfolio of Socially Responsible Investments
Hallerbach, Winfried; Spronk, Jaap; Ning, Ning, H.; … - Erasmus Research Institute of Management (ERIM), … - 2002
In this paper we present and illustrate using real-life data a framework for managing an investment portfolio in which … the investment opportunities are described in terms of a set of attributes and part of this set is intended to capture the … effects on society. Here we link with the emerging literature on SRI: Socially Responsible Investment. Given the multifarious …
Persistent link: https://www.econbiz.de/10010731003