Showing 1 - 10 of 21
This paper presents a characterization of weak risk aversion in terms of preference for sure diversification. Similarly …, we show that strong risk aversion can be characterized by weakening preference for diversification, as introduced by … Dekel [11], in what we name preference for strong diversification. …
Persistent link: https://www.econbiz.de/10010750576
We survey the phenomenon of the growth of firms drawing on literature from economics, management and sociology. We begin with a review of empirical "stylised facts" before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult...
Persistent link: https://www.econbiz.de/10010750933
L'étude de trajectoires historiques de 15 cas montre que la stratégie agricole est encore influencée par les références au modèle dominant qui conditionne la vision du dirigeant et la difficulté managériale des diversifications. On constate néanmoins que les entreprenants parviennent à...
Persistent link: https://www.econbiz.de/10010671789
des comportements plus ou moins audacieux face à la diversification et privilégiera certaines formes plutôt que d … définition de la diversification dans le secteur n'est pas la même que celle qu'utilise le gestionnaire, l'opposition classique …
Persistent link: https://www.econbiz.de/10010685193
During the last decade the air transport market was marked by the emergence and development of the low cost carriers (LCCs). The LCCs market share in Europe was indeed multiplied by 3 in 4 years, going from 5% in 2002 to 16% in 2006. This major change in the air transport market has strongly...
Persistent link: https://www.econbiz.de/10010820457
Expected Shortfall (ES) has been widely accepted as a risk measure that is conceptually superior to Value-at-Risk (VaR). At the same time, however, it has been criticized for issues relating to backtesting. In particular, ES has been found not to be elicitable which means that backtesting for ES...
Persistent link: https://www.econbiz.de/10010821003
stratégies de diversification produit des grands groupes industriels. Elle est désormais transposée dans le cadre d'un autre type …; Meyer, 2006). Dans ces recherches, on pense la diversification internationale sous l'angle des distances existant entre les …, telles que General Electric ou LVMH sont parvenues à associer diversification internationale et diversification produit non …
Persistent link: https://www.econbiz.de/10009147620
, de nombreuses modifications des systèmes de production périurbains et une diversification des revenus des populations …
Persistent link: https://www.econbiz.de/10008789372
début de la transition et estimer le potentiel de diversification de ses structures productives et d'exportation. L …
Persistent link: https://www.econbiz.de/10008792217
This paper analyzes a stylized (two period) credit market where investors care about the appropriability of the information they produce when they engage in costly ex ante evaluation of borrowers quality. We show that diversified intermediation arises as a dissimulation mechanism allowing...
Persistent link: https://www.econbiz.de/10008794248