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paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10005739678
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344
Mutual Funds are the most common form of investment for the average household. They offer a fair amount of return for a … limited amount of risk. Segregated Funds, which are, simply put, mutual funds with additional features, have grown in … the advantages and disadvantages to each. By selecting 5 mutual and segregated funds of similar investment patterns and …
Persistent link: https://www.econbiz.de/10005621847
investment and configuration costs as well as interactive global reach) potentially could play a pivotal role in enabling …
Persistent link: https://www.econbiz.de/10011107828
The National Bioenergy Investment Model is a scenario model that simulates the decisions of domestic and international …
Persistent link: https://www.econbiz.de/10011261019
In this paper, we provide general closed-form solutions to the incomplete-market random-coefficient dynamic optimization problem without the restrictive assumption of exponential or HARA utility function. Moreover, we explicitly express the optimal portfolio as a function of the optimal...
Persistent link: https://www.econbiz.de/10008457184
concentration. We propose that the negative effect of idiosyncratic risk on investment is partly due to managerial risk aversion …We find a significant negative effect of idiosyncratic stock-return volatility on investment. We address the …, and find that the negative relationship between idiosyncratic uncertainty and investment is stronger for firms with high …
Persistent link: https://www.econbiz.de/10008493033
In this paper I ask whether a model of ¯rm capital accumulation with entry and exit calibrated to match the investment …
Persistent link: https://www.econbiz.de/10005620095
We derive general explicit solutions to the investment-consumption model without the restrictive assumption of HARA or …
Persistent link: https://www.econbiz.de/10008587467
competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …
Persistent link: https://www.econbiz.de/10011071300