Showing 1 - 10 of 1,636
This paper analyzes the safety-first portfolio model under two different target assumptions, the fixed target, which is commonly assumed in the literature, and the random target, which has played only a minor role so far. As both targets can be easily motivated, the open question is, which...
Persistent link: https://www.econbiz.de/10010319288
Safety-first portfolio optimization is concerned with maximizing the expected portfolio return subject to a safety-first constraint, which is defined as the probability of failing to achieve a specified target. Commonly the target is assumed to be fixed, which, however, leads to significant...
Persistent link: https://www.econbiz.de/10010271591
This paper proposes a methodology for benchmarking unemployment benefits systems, with a view to assess reform needs …, institutions and policy settings. The methodology is applied to EU countries and results are discussed. …
Persistent link: https://www.econbiz.de/10010331400
Benchmarking by means of applying the DEA model is appearing as an interesting alternative for regulators under the new …
Persistent link: https://www.econbiz.de/10010284240
The need for monitoring countries’ overall performance in sustainable development (SD) is widely recognized, but the methods for aggregating vast amounts of empirical data remain rather crude. This paper examines the so-called ‘benefit of doubt’ weighting method as a tool for identifying...
Persistent link: https://www.econbiz.de/10010284879
role of benchmarking as a means of improving the implementation record of structural reforms in the European Union. Against … this background, the paper puts forward a possible avenue for developing a strong form of quantitative benchmarking, namely …
Persistent link: https://www.econbiz.de/10011606237
Mainly using qualitative data, this paper analyzes whether and how cross-border student mobility contributes to enhanced Philippine tertiary education programs. The paper recognizes that the intake of international students is a product resulting from cross-border and homebased...
Persistent link: https://www.econbiz.de/10015209734
a benchmarking method with multiple inputs and outputs. However, DEA does not provide any suggestions for improving … benchmarks under environmental conditions is another challenge of benchmarking by DEA. The current study attempts to extend basic … models for benchmarking of efficient units under practical conditions. To this end, we construct the practical production …
Persistent link: https://www.econbiz.de/10013470781
, Directive 1937/2019 became effective in the EU, aiming to deal with the defragmentation of whistleblowing legislation among the …
Persistent link: https://www.econbiz.de/10014333264
The aim of executive compensation plans is to incentivize executives to maximize long-term firm value. Past research shows that executives’ pay is determined by short-term stock performance to a substantial degree. This paper tests for distributional differences in the time horizon of the...
Persistent link: https://www.econbiz.de/10014497518