Showing 1 - 10 of 451
This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …
Persistent link: https://www.econbiz.de/10011843211
We develop a general framework for studying contests, including the well-known models of Tullock(1980) and Lazear & Rosen (1981) as special cases. The contest outcome depends on playersâ efforts and skills, the latter being subject to symmetric uncertainty. The model is tractable, because...
Persistent link: https://www.econbiz.de/10012290544
these instruments in the banking in- dustry which is heavily exposed to credit risk. However, while recent literature mainly …
Persistent link: https://www.econbiz.de/10010263017
commodities and biofuel helps commodity suppliers hedge their portfolios, and manage the risk and co-risk of their biofuel and … should be considered as viable futures products in financial portfolios for risk management. …
Persistent link: https://www.econbiz.de/10011451531
The global economy plays an important role in the development of a region or a county/district as it promotes the exploitation of resources and space in a logical and rational manner. The trend of global economic uniformity allows opportunities and risks to Botosani County since globalization...
Persistent link: https://www.econbiz.de/10012017117
Marketing communication is a concise part of modern museum management. Museums operate in a competitive environment …; therefore, it is important to pay sustained attention to every component of a given museum's marketing communication. Changes …, international trends, and visitor preferences have an influence on marketing communication. Museum management must devote expert …
Persistent link: https://www.econbiz.de/10013200286
. The analysis shows that the students' online shopping behaviour is significantly influenced by enjoyment, perceived risk … influenced by social influence and perceived risk, those influenced by enjoyment and website quality, and those influenced by … in Indonesia in designing their marketing strategy. …
Persistent link: https://www.econbiz.de/10012657055
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010293106
behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …
Persistent link: https://www.econbiz.de/10010293429
determinants of the capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role in capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …
Persistent link: https://www.econbiz.de/10010293539