Showing 1 - 10 of 1,005
This paper underlines the influence of trade diversification on GDP per capita growth. Using methodologies developed by … intensive margin (old traded flows), extensive margin by new partners (geographic diversification) and extensive margin by new … products (product diversification). Estimations of the augmented Solow model by system-GMM for the period 1990-2009, first …
Persistent link: https://www.econbiz.de/10010969009
circumstances art should be included in an optimal portfolio for diversification purposes. …
Persistent link: https://www.econbiz.de/10010986441
of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …
Persistent link: https://www.econbiz.de/10010986458
Persistent link: https://www.econbiz.de/10010988514
Diversification benefits of three “hot” asset classes—Commodity, Real Estate Investment Trusts (REITs), and Treasury … diversification benefits of each asset class change substantially over time. Therefore, all three asset classes ought to be included … in investors’ portfolios. Furthermore, we show that the observed time variation in diversification benefits can be …
Persistent link: https://www.econbiz.de/10010989328
In this paper, we argue that managers confront a paradox in selecting strategy. On one hand, capital markets systematically discount uniqueness in the strategy choices of firms. Uniqueness in strategy heightens the cost of collecting and analyzing information to evaluate a firm's future value....
Persistent link: https://www.econbiz.de/10010990582
The problem of capital allocation to a set of strategies could be partially avoided or at least greatly simplified with an appropriate strategy approval decision process. This paper proposes such a procedure. We begin by splitting the capital allocation problem into two sequential stages:...
Persistent link: https://www.econbiz.de/10010991427
, to answer: (i) whether export diversification is path-dependent, and whether it is more difficult to diversify into more … diversification. Our framework also allows us to test whether leapfrogging into what we refer to as core products is possible and …
Persistent link: https://www.econbiz.de/10010992054
In der ökonomischen Theorie wird in Bezug auf die Charakterisierung von Branchenstrukturen für gewöhnlich zwischen Spezialisierung und Diversifizierung unterschieden. Aus einer spezialisierten Sektorenstruktur entstehen Lokalisationsvorteile und MAR (Marshall-Arrow-Romer)-Externalitäten,...
Persistent link: https://www.econbiz.de/10010994665
considerados. / This study seeks to analyze the determinants of the diversification decision. According to previous literature, we … respectively. After applying a Logit regression analysis on a sample of 508 potential cases of diversification (1997-2001), results …
Persistent link: https://www.econbiz.de/10010850474