Showing 1 - 10 of 145
Objective: The objective of the article is to explore how new multinationals construct their FDI location portfolios and what the performance outcomes of these decisions are. Research Design & Methods: Building our conceptual framework on the organisational learning theory, we conduct regression...
Persistent link: https://www.econbiz.de/10012800370
Over the last century, the passenger airline industry has undergone a series of transformations, with Lufthansa being a key player not only in Europe, but also worldwide. This case study traces Lufthansa's development, from its origins up until its current status, and outlines its expansion by...
Persistent link: https://www.econbiz.de/10014634473
Momentum is widely accepted among academic researchers as one of the strongest return generating factors, yet it remains largely unknown by the investing public. This paper explores that dichotomy by examining momentum from a practical point of view. Using exchange traded fund data from 2002...
Persistent link: https://www.econbiz.de/10014182442
This paper provides a framework for obtaining the estimator of expected asset returns for portfolio selection. The framework relies on a linear model where the expected returns are the coefficients to be estimated. The model is fitted to a synthetic dataset by Bayesian regression. The estimator...
Persistent link: https://www.econbiz.de/10014078334
Corporate FX risk management has gained complexity with increased number of currencies involved and varying correlations among them. Existing literature has highlighted the need to account for cross-currency correlations when optimizing hedge ratios for portfolio management (Dowd, 1999). In this...
Persistent link: https://www.econbiz.de/10013250136
IFRS 9 norms require classifying non-defaulted loans into two stages depending on their credit quality evolution since initial recognition by the bank. In this paper, we propose an optimal way to perform this classification. Target values of some key performance indicators of the provisioning...
Persistent link: https://www.econbiz.de/10013004744
The paper is focused on an ex-post investment performance analysis. Firstly, we create a suite of return, risk, return to risk and benchmark related measures with immediate real life applications in mind. We define and describe these measures and provide real data examples where appropriate....
Persistent link: https://www.econbiz.de/10012966013
Persistent link: https://www.econbiz.de/10012967147
Reference-day risk has been previously identified as a type of sampling variation phenomenon, and its effect on the estimation of stock returns and their volatility and market betas have been documented. Using a dataset of daily equity mutual fund returns, we extend previous studies to analyze...
Persistent link: https://www.econbiz.de/10012968627
VAA (Vigilant Asset Allocation) is a dual-momentum based investment strategy with a vigorous crash protection and a fast momentum filter. Dual momentum combines absolute (trendfollowing) and relative (strength) momentum. Compared to the traditional dual momentum approaches, we have replaced the...
Persistent link: https://www.econbiz.de/10012951980