In this paper, we introduce an incomplete-market dynamic investment model with a correlated background risk. In so … doing, we show the impact of background risk on the investment decisions. …

manage to provide a surprisingly explicit representation of the optimal terminal wealth as well as of the optimal portfolio …

advance (LOA) and other determinants or variables such as their volume of deposits (Vd), their investment portfolio (Ip …

In this paper, we examine the interaction among the investment, production and hedging decisions. In so doing, we …

A major obstacle in the existing models of forward dynamic utilities and investment performance evaluation is to …-continuous viscosity solutions to the portfolio model. …

Using a dynamic (stochastic-factor) portfolio model, we devise a method to estimate the impact of the oil price on the …

manage to provide a surprisingly explicit representation of the optimal terminal wealth as well as of the optimal portfolio …

particular spin to this conclusion by showing that investment decisions at the firm level are also explained by the restoration …, perhaps the most relevant result is the confirmation that in Colombia, investment decisions are negatively affected by the …

also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …