-denominated investment grade corporate bonds. The funds are evaluated employing a single-index model and several multi-index and asset …-class-factor models. In order to account for the risk and return characteristics of investment grade corporate bond funds, we use both … investment style on the funds' risk-adjusted performance. We find indications that funds showing lower exposure to BBB rated …

from an investment perspective. …

Theories of investment suggest that the option value of waiting to invest is significant in many branches of economics …, where investment is irreversible. The existing literature has generally failed to account for the general equilibrium … theory of lumpy investments and show that such feedback effects can severely erode the option value of waiting even for …

investment flexibilitychange. However, there is no (within-subject) experimental evidence for this conjectureso far. To close … analysis reveals that the influenceof changes in feedback frequency and investment flexibility are not asstraightforward as …

optimal investment and premium policies in this context and pro-vide necessary and sufficient conditions for their existence … cred-ibly commit to an investment strategy before policies are sold and premiums are paid. Last,we analyze the eect of …

paper we address two issuesrelated to the effects of MLA on risky investment decisions. First, we assess therelative impact … of feedback frequency and investment flexibility (via theinvestment horizon) on risky investments. Second, given that we … observehigher investments with a longer investment horizon, we examine conditionsunder which investors might endogenously opt for a …