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The firm under uncertainty : capital structure and background risk

Broll, Udo; Wong, Keith K.P. - 2010

This paper examines the interplay between the real and financial decisions of the competitive firm under output price uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm always chooses its optimal debt-equity ratio to...

Persistent link: https://www.econbiz.de/10003971039

Public-private joint ventures in transition economies

Broll, Udo; Marjit, Sugata; Mukherjee, Arijit - In: Dynamische Prozesse in der europäischen …, (pp. 62-73). 2010

Persistent link: https://www.econbiz.de/10003975722

Prospect theory and hedging risks

Broll, Udo; Egozcue, Martín; Wong, Wing Keung; … - 2010

The prospect theory is one of the most popular decision-making theories. It is based on the S-shaped utility function …, unlike the von Neumann and Morgenstern (NM) theory, which is based on the concave utility function. The S-shape brings in … mathematical challenges: simple extensions and generalizations of NM theory into the prospect theory cannot be frequently achieved …

Persistent link: https://www.econbiz.de/10003980000

Banking firm and hedging over the business cycle

Broll, Udo; Kit, Pong Wong - In: Portuguese economic journal 9 (2010) 1, pp. 29-33

Persistent link: https://www.econbiz.de/10003952132

Export and benefits of hedging in emerging economies

Broll, Udo; Wahl, Jack E.; Wessel, Christoph - In: International economics & finance journal : (IEFJ) 4 (2009) 1/2, pp. 59-67

Persistent link: https://www.econbiz.de/10003958585

Direktinvestitionen im Ausland, Arbeitsmarkt und Gewerkschaft

Broll, Udo; Lukas, Daniel - In: Das Wirtschaftsstudium : wisu ; Zeitschrift für … 37 (2008) 1, pp. 118-124

Persistent link: https://www.econbiz.de/10003610816

Dynamisches Hedging

Wahl, Jack E.; Broll, Udo - In: Kapitalmarkt, Unternehmensfinanzierung und rationale …, (pp. 169-178). 2006

Persistent link: https://www.econbiz.de/10003236847

The competitive firm under price uncertainty : the role of information and hedging

Broll, Udo (contributor); Eckwert, Bernhardt (contributor) - 2007

We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable signals which are correlated with the random...

Persistent link: https://www.econbiz.de/10003581734

Barriers to diversification and regional allocation of capital

Broll, Udo (contributor); Roldán-Ponce, Antonio (contributor) - 2007

In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms' preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital...

Persistent link: https://www.econbiz.de/10003581746

Licensing by a monopolist and unionized labour market

Mukherjee, Arijit (contributor); Broll, Udo (contributor); … - 2007

We show that a monopolist final goods producer may find it profitable to create competition by licensing its technology if the input market is imperfectly competitive. With a centralized union, we show that licensing by a monopolist is profitable under both uniform and discriminatory wage...

Persistent link: https://www.econbiz.de/10003525921