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Should We Give Up After Solyndra? Optimal Technology R&D Portfolios Under Uncertainty

Webster, Mort - 2015

Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...

Persistent link: https://www.econbiz.de/10013018283

On the Equivalence between Labor and Consumption Taxation

Panteghini, Paolo - 2009

can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …

Persistent link: https://www.econbiz.de/10012764263

Systematic Consumption Risk in Currency Returns

Hoffmann, Mathias - 2013

boom yields consistently positive excess returns. This excess return compensates for the risk of high negative returns in … countries on risk aversion, and low (high) risk aversion currencies depreciate (appreciate) in times of global turmoil …

Persistent link: https://www.econbiz.de/10013080499

Exchange Rate Uncertainty and International Portfolio Flows

Caporale, Guglielmo Maria - 2013

is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk …

Persistent link: https://www.econbiz.de/10013081704

Risk-Taking-Neutral Background Risk

Franke, Günter - 2013

We define a class of risk-taking-neutral (RTN) background risks. These background risks have the property that they … will not alter decisions made with respect to another risk, for individuals with HARA utility. If we wish to compare a … decision made with and without some exogenous background risk, it is often easier to compare the decision made to one made with …

Persistent link: https://www.econbiz.de/10013087730

The Downside Risk of Elevation

Bruckmeier, Kerstin - 2014

Being granted a title enhances the status of the awardee while its loss has an opposite effect. The present article examines whether the latter effect dominates the former in the sense that elevation is less status-enhancing than relegation is status-damaging. Thereto, we use the three...

Persistent link: https://www.econbiz.de/10013047259

Bank Competition, Asset Allocations and Risk of Failure : An Empirical Investigation

Boyd, John H. - 2010

risk and asset allocations. Recent work (Boyd, De Nicolò and Jalal, 2009, BDNJ henceforth) predicts that as competition in … less risk as loan rates decline is sufficiently strong. We test these predictions using two samples with radically … of competition. We also find that as competition intensifies, borrower risk decreases and the loan-to-asset ratio …

Persistent link: https://www.econbiz.de/10013137391

Oligopoly, Macroeconomic Performance, and Competition Policy

Azar, José - 2018

We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...

Persistent link: https://www.econbiz.de/10012908792

Social Preferences and Portfolio Choice

Riedl, Arno - 2017

To understand why investors hold socially responsible mutual funds, we link administrative data to survey responses and behavior in incentivized experiments. We find that both social preferences and social signaling explain socially responsible investment (SRI) decisions. Financial motives play...

Persistent link: https://www.econbiz.de/10012973937

Portfolio Sales and Signaling

Bougheas, Spiros P. - 2017

A common practice of banks has been to pool assets of different qualities and then sell a fraction of the newly created portfolios to investors. We extend the signaling model for single sales of risky assets to portfolio sales. We identify conditions under which signaling at the portfolio level...

Persistent link: https://www.econbiz.de/10012960474