Showing 1 - 10 of 353
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …
Persistent link: https://www.econbiz.de/10011110638
The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...
Persistent link: https://www.econbiz.de/10009691014
. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The … means that can combine these two aims is a well-defined investment process. Through this paper work we tried to summarize … around 26 years of experience of a group of traders and investment advisors. What’s common to all of them is the definition …
Persistent link: https://www.econbiz.de/10011259003
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …
Persistent link: https://www.econbiz.de/10005835229
Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make …
Persistent link: https://www.econbiz.de/10005027114
This study examines the effect of oil prices on domestic investment in Ghana using quarterly time series data from 1984 … investment in Ghana. The analysis revealed that there is long run relationship between domestic private investment, oil price … investment. This indicate that shock in oil prices leads to a reduction in investment. It is therefore recommended that …
Persistent link: https://www.econbiz.de/10011113216
In this paper we first introduce microfinance institutions as an alternative investment instrument. We argue that … financial instruments and conventional financial market measures of risk and return. …
Persistent link: https://www.econbiz.de/10008502723
This paper shows that (i) project valuation via disequilibrium NPV+CAPM contradicts valuation via arbitrage pricing, (ii) standard CAPM-minded decision makers may fail to profit from arbitrage opportunities, (iii) standard CAPM-based valuation violates value additivity. As a consequence, the...
Persistent link: https://www.econbiz.de/10005260104
This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women’s investment is less sensitive to cash flow, which indicates that it is unlikely …
Persistent link: https://www.econbiz.de/10009399600
As reaction from market inefficient specified about information distribution, all market participant trying to reduce the effect with various means, among other things by perceiving historical behavior of share price. One of result namely contrarian strategy by believing that loser portfolio...
Persistent link: https://www.econbiz.de/10011110273