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. 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
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
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City and regional governments as well as development agencies will learn from this report how to develop their own toolbox of instruments and structures for leveraging private finance. What role can private financing play in local economic development? To address this issue, this study draws on...
Persistent link: https://www.econbiz.de/10012448735
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