executed with a focus on risk and uncertainty. This article presents the consequences that can result from an operating risk … that uses portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of …, special attention was paid to adapting assumptions from portfolio theory as well as gauging the potential effect on the firm …

can distribute his wealth between two investments, one risky and the other risk-free. He can also consume his wealth, and …

This paper studies the life cycle consumption-investment-insurance problem of a family. The wage earner faces the risk … unspanned labor income and the stickiness of insurance decisions reduces the insurance demand significantly. This is because an …

demand arise as a risk factor. Motivated by theory, we use shocks to the ratio of residential-to-aggregate investment to … capture the housing demand risk. The single-factor model exhibits strong explanatory power for expected returns across various … consumption generates procyclical demand for housing. Marginal utility falls when housing demand rises and innovations to housing …