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Esquemas de incentivos y carteras de inversión innovadoras

Loyola, Gino; Portilla, Yolanda - In: Estudios de economía 37 (2010) 1, pp. 43-66

-monotone payment structure emerges as an optimal contract, which rewards extreme results and punishes moderate ones. -- executive …

Persistent link: https://www.econbiz.de/10009959108

Asignación óptima de capital en base al perfil de riesgo de las instituciones de inversión colectiva : una aplicación de las medidas de riesgo distorsionadas

Belles-Sampera, Jaume; Santolino, Miguel - In: Revista de métodos cuantitativos para la economía y … 15 (2013), pp. 65-86

analyze the liquidity coefficients of Collective Investment Schemes (IIC) belonging to a Management Company of Collective … Investment Schemes. In this new context, the risk undertaken by each IIC is assessed with alternative distortion risk measures …

Persistent link: https://www.econbiz.de/10010160662

Mutual fund performance evaluation using data envelopment analysis with higher moments

Pendaraki, Konstantina - In: Journal of applied finance & banking 2 (2012) 5, pp. 97-112

investment institutions. This paper proposes Data Envelopment Analysis, a nonparametric approach, for the evaluation of mutual …

Persistent link: https://www.econbiz.de/10010058695

Illiquid financial products and distribution policies : new insights

Polato, Maurizio; Floreani, Josanco - In: Journal of applied finance & banking 1 (2011) 2, pp. 155-172

certain degree of financial education in order to proper understand all the risks entailed by the investment. Less expert …

Persistent link: https://www.econbiz.de/10010009072

The impact of educational qualifications, experience and venture capital awareness on co-ownership of small enterprises in Nigeria

Rosemary, Obasi; Pat, Donwa - In: Journal of applied finance & banking 3 (2013) 1, pp. 137-146

investment angels who would provide funds for beginners and government should provide incentive for SMEs who will be willing to … thieve and convert into limited liability companies after ten to fifteen years of existence. -- venture capital ; investment …

Persistent link: https://www.econbiz.de/10010118430

Investment style of Jordanian mutual funds

Hacini, Ishaq; Dahou, Khadra; Benbouziane, Mohamed - In: International journal of economic sciences and applied … 5 (2012) 2, pp. 113-127

The study investigates the mutual funds investment style in the Jordanian context. It uses monthly returns of five … a variable that account for momentum effect. These factors are used as benchmarks to investigate the investment style …. The results indicate that mutual funds returns tend to follow those of the market portfolio. In terms of investment style …

Persistent link: https://www.econbiz.de/10010039588

Diversification of investment portfolios as an instrument used by institutional investors in the capital management process

Trippner, Paweł - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 3, pp. 85-93

The paper presents the essence and ways of limiting the level of investment risk through the processes of diversifying … the composition of investment portfolios. The paper shows types of deposit portfolios. The author analyzed the … recession in 2007-2008 on the profitability of particular investment portfolios. -- collective investor ; investment portfolio …

Persistent link: https://www.econbiz.de/10009959717

Endogenous governance transparency and product market competition

Hidalgo-Cabrillana, Ana - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136

This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...

Persistent link: https://www.econbiz.de/10010148154

Una propuesta de reforma del sistema de pensiones español basada en un modelo de contribución definida nocional

Valero, Diego; Artís, Manuel; Ayuso, Mercedes; … - In: Revista de métodos cuantitativos para la economía y … 11 (2011), pp. 91-113

The western pension systems and especially the Spanish one will noticeably be a®ected by an aging of the population that is currently underway. This work proposes a pension model for Spain which would mean deep structural reforms that would guarantee meeting the objectives established by a...

Persistent link: https://www.econbiz.de/10009957384

¿Cómo valorar los planes de pensiones del sistema individual en España?

García Padrón, Yaiza; García Boza, Juan - In: Estudios de economía 33 (2006) 1, pp. 21-43

We analyse diverse multifactor pricing models in order to determine if they allow to explain the variability of the returns on the personal Pension Plans in Spain between 1995 and 2003, as well as to find their sources of risks. We test the following models: APT, the one suggested by Chen, Roll...

Persistent link: https://www.econbiz.de/10009959069