Showing 1 - 10 of 5,188
The investment theory, in which the expected return varies cross-sectionally with investment, expected profitability …
Persistent link: https://www.econbiz.de/10012480008
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
This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of … of a simple error-corrected investment model for both ordinary investment and for R&D investment, a model that … incorporates both output (sales or turnover) and cash flow as predictors for investment. Our focus is on two comparisons: France …
Persistent link: https://www.econbiz.de/10012470693
the majority of the value of gold is due to its role as an investment asset …
Persistent link: https://www.econbiz.de/10014322774
We survey the nascent literature on machine learning in the study of financial markets. We highlight the best examples of what this line of research has to offer and recommend promising directions for future research. This survey is designed for both financial economists interested in grasping...
Persistent link: https://www.econbiz.de/10014322889
This paper extends the methodology developed in Chien, Cole and Lustig (2011 & 2012) (hereafter CCL2011 and CCL2012, respectively) to analyze and compute the equilibria of economies with heterogeneous agents who have different asset trading technologies and are subject to both aggregate and...
Persistent link: https://www.econbiz.de/10012458339
contrast to what we find for investment in the stock market, contribution rates have been stable over time and across cohorts …
Persistent link: https://www.econbiz.de/10013172180
shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they … compensation, investment, and firm performance for both cases. The relationship between firm performance and managerial incentives …, in isolation, is insufficient to identify whether managers have private benefits or private costs of investment. In order …
Persistent link: https://www.econbiz.de/10012471449
interdependence with investment decisions. The approach is based on the view that the flow of undepreciated capital is an output to be …. Often this problem is ignored in the theory of investment, not only because depreciation is exogenous, but also due to the …
Persistent link: https://www.econbiz.de/10012476496
, 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