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I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …
Persistent link: https://www.econbiz.de/10012895797
This study identifies a severe gap between the financial backlash borrowers believe awaits them after strategic mortgage default and the reality that lenders rarely pursue deficiency judgments. This, coupled with the social norm finding that borrowers widely view strategic default as immoral,...
Persistent link: https://www.econbiz.de/10013051040
robustness guarantees in meeting constraints under uncertainty. Additionally, our model departs from the literature by … and the uncertainty are related. To solve the model, we introduce the technique of pipeline invariance, which yields an …
Persistent link: https://www.econbiz.de/10013217541
enterprises in Ukraine in war conditions: the risk of increased costs, reduced income, the risk of inability to repay obligations …, loss of customers, non-payment of receivables, loss of asset value, risk of unprofitability, reduction of business and … higher degree of integration of risk management and strategic management. Management accounting helps make risk …
Persistent link: https://www.econbiz.de/10014502779
makers do not need accurate knowledge of the entire business environment; accurate mental models of the key principles are …
Persistent link: https://www.econbiz.de/10003948578
The current literature on the adoption of enterprise risk management (ERM) abstracts from the issue of its strategic … context. Accounting for the interplay between ERM and various individual risk management (IRM) practices, this paper presents … a theoretical basis to study the strategic determinants, risk integration, and value creation of ERM. We tested …
Persistent link: https://www.econbiz.de/10013115994
simultaneous effects of the other. Application of this method to mutual funds found the same “paradoxical” return/risk relationship …
Persistent link: https://www.econbiz.de/10013118148
This paper examines the impact of strategic asset allocation on total returns of investment portfolios. It aims to confirm the results of previous studies using US investment data that found strategic asset allocation dominating the other investment decisions namely market timing and security...
Persistent link: https://www.econbiz.de/10013099176
In times of crisis problem solving methodologies seem to gain attention over strategic planning. This article makes the case that more rather than less strategic planning is needed to get through the current world crisis. Based on best practices of Shell using scenarios to prepare and steer...
Persistent link: https://www.econbiz.de/10013091184
We analyze the activities of an entrepreneur who must, at each date, decide whether to search for a new production technique or to produce output with an extant technique. Our analysis leads to four results. First, we show that if our entrepreneur rejects a particular production technique at a...
Persistent link: https://www.econbiz.de/10013152988