Showing 1 - 10 of 296
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 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 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
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 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
-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs …’ demand, while an increase in expected energy price will surely cause the risk averse firm to decrease the demand for energy … risk averse firm to decrease the demands for the non-risky inputs. Furthermore, we investigate the two cases with only …
Persistent link: https://www.econbiz.de/10011259317
387 companies of 30 different sectors on monthly, quarterly and semiannual basis are used. The Paired sample t- test is …) predict more accurately the expected return on a short term investment as compare to long term investment. It is recommended …
Persistent link: https://www.econbiz.de/10009220664