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An Identity Theory of the Short- and Long-Term Investor Debate
Hill, Claire A. - 2018
Lines in the broader short versus long-term battle have been drawn between various camps: those favoring corporate management versus those favoring shareholder activists; those believing that corporations are best run for the exclusive benefit of shareholders versus those believing that other...
Persistent link: https://www.econbiz.de/10012927052
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Chapter 8 : Portfolio Managers
Devos, Erik - 2017
In the oversight of most funds, the portfolio manager holds the key decision-making power. Often regarded as foundational to the investment process, a few select managers can attract billions of dollars from investors, giving the managers increased prominence, credibility, and compensation....
Persistent link: https://www.econbiz.de/10012954973
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Chapter 23 : Behavioral Portfolio Theory and Investment Management
Rengifo, Erick W. - 2014
build on each other: prospect theory, safety-first portfolio theory, security-potential/aspiration (SP/A) theory, and … behavioral portfolio theory. SP/A theory evolves from safety-first portfolio theory and the introduction of aspiration level. The … behavioral portfolio theory integrates the idea of mental accounts from prospect theory with the portfolio optimization framework …
Persistent link: https://www.econbiz.de/10013053271
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Chapter 22 : Diversification and Asset Allocation Puzzles
Georgarakos, Dimitris - 2014
diversification, and trading behavior. Standard finance theory predicts the optimal investment behavior of rational agents with … from theory predictions. The chapter also provides a discussion of empirical regularities that point to these deviations …
Persistent link: https://www.econbiz.de/10013053275
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Effects of gainsharing provisions on the selection of a discount rate for a defined benefit pension plan
Rietz, Robert J.; Cronick, Evan; Mathers, Shelb; … - In: Risks : open access journal 5 (2017) 2, pp. 1-10
pension plan. The paper uses a traditional actuarial approach of discounting liabilities using the expected return of the …
Persistent link: https://www.econbiz.de/10011687299
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Sensitivity of the discount rate to the expected payoff in project valuation
Johnstone, David - In: Decision analysis : a journal of the Institute for … 14 (2017) 2, pp. 126-136
Persistent link: https://www.econbiz.de/10011706914
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Properly discounted asset prices are semimartingales
Bálint, Dániel; Schweizer, Martin - In: Mathematics and financial economics 14 (2020) 4, pp. 661-674
Persistent link: https://www.econbiz.de/10012321854
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The Discount Rate for Investment Analysis Applying Expected Utility
Baucells, Manel; Bodily, Samuel E. - 2022
Expected utility of net present value is the practitioner's approach to incorporate risk aversion into the evaluation …
Persistent link: https://www.econbiz.de/10014078285
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Choosing what to pay attention to
Fulton, Chad - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 153-184
This paper studies static rational inattention problems with multiple actions and multiple shocks. We solve for the optimal signals chosen by agents and provide tools to interpret information processing. By relaxing restrictive assumptions previously used to gain tractability, we allow agents...
Persistent link: https://www.econbiz.de/10012806924
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Asset pricing at the millennium
Campbell, John Y. - 2000
Persistent link: https://www.econbiz.de/10001459128