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Capital budgeting and risk taking under credit constraints

Iachan, Felipe S. - In: Management science : journal of the Institute for … 66 (2020) 9, pp. 4292-4314

Persistent link: https://www.econbiz.de/10012297829

Asymmetric returns and the economic content of accruals and investment

Del Viva, Luca; Kothari, S. P.; Lambertides, Neophytos; … - In: Management science : journal of the Institute for … 67 (2021) 6, pp. 3921-3942

Persistent link: https://www.econbiz.de/10012607194

Security Analysis : An Investment Perspective

Hou, Kewei - 2019

The investment theory, in which the expected return varies cross-sectionally with investment, expected profitability …

Persistent link: https://www.econbiz.de/10012480008

Consumption and Portfolio Choice with Option-Implied State Prices

Aït-Sahalia, Yacine - 2008

We propose an empirical implementation of the consumption-investment problem using the martingale representation … simplifies the investor's task of specifying the investment opportunity set and inherits the computational convenience of the …

Persistent link: https://www.econbiz.de/10012464793

Current Accounts in the Long and Short Run

Kraay, Aart - 2002

fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal … to smooth consumption, but also domestic investment. To achieve this, they use foreign assets as a buffer stock …

Persistent link: https://www.econbiz.de/10012469683

Pension Fund Investment Policy

Bodie, Zvi - 1988

The purpose of this paper is to survey what is known about the investment policy of pension funds. Pension fund … investment policy depends critically on the type of plan: defined contribution versus defined benefit. For defined contribution … plans investment policy is not much different than it is for an individual deciding how to invest the money in an Individual …

Persistent link: https://www.econbiz.de/10012476308

Level versus Variability Trade-offs in Wind and Solar Generation Investments : The Case of California

Wolak, Frank A. - 2016

Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covariance matrix of hourly output and revenues across all wind and solar locations in the state. Annual...

Persistent link: https://www.econbiz.de/10012456183

Finance in a Time of Disruptive Growth

Garleanu, Nicolae; Panageas, Stauros - National Bureau of Economic Research - 2024

We propose a unified theory of asset price determination encompassing both "conventional" and "alternative" asset classes (private equity, real estate, etc.). The model features disruption of old by young firms and skewness in the distribution of innovative rents among the young innovators. The...

Persistent link: https://www.econbiz.de/10014512038

A Model of Intangible Capital

Crouzet, Nicolas; Eberly, Janice C.; Eisfeldt, Andrea L.; … - National Bureau of Economic Research - 2022

, scope, and investment decisions, and we outline their connection to recent macroeconomic and financial trends in the US …

Persistent link: https://www.econbiz.de/10013362030

Preferred Habitats and Timing in the World's Safe Asset

Tabova, Alexandra M.; Warnock, Francis E. - National Bureau of Economic Research - 2022

Investors' behavior in U.S. Treasuries - the world's safe asset - affects monetary policy transmission mechanisms, fiscal policy space, loan pricing, and international vulnerabilities. Yet it is not well understood for a simple reason: researchers, not having a clear picture of the Treasury...

Persistent link: https://www.econbiz.de/10013477214