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This paper analyzes portfolio diversification for nonlinear transformations of heavy-tailed risks. It is shown that … diversification of a portfolio of convex functions of heavy-tailed risks increases the portfolio’s riskiness if expectations of these … that diversification is preferable continues to hold. The framework of transformations of heavy-tailed risks includes many …
Persistent link: https://www.econbiz.de/10009431952
Economics
Persistent link: https://www.econbiz.de/10009431954
In the debate over executive compensation, the assumption seems to be that the CEO of a publicly traded corporation is ultimately an employee of the corporation. According to the conventional view, the business belongs to the stockholders. Executive compensation is an expense like any other...
Persistent link: https://www.econbiz.de/10009432048
growing number of voices are calling for increased diversification of energy supplies. Proponents of renewable energy and …
Persistent link: https://www.econbiz.de/10009435841
growing number of voices are calling for increased diversification of energy supplies. Proponents of renewable energy …
Persistent link: https://www.econbiz.de/10009436212
The Lawrence Livermore National Laboratory (LLNL) Engineering Directorate is in the third year of a diversity process that has changed the culture of the organization in many ways. This work outlines progress toward realizing the LLNL Engineering Diversity Model. Currently recommendations are...
Persistent link: https://www.econbiz.de/10009437206
Two key overarching goals of this Initiative are enhancing the efficiency and competitiveness of U.S. industry and reducing the trends toward higher imports. These goals take into account new Federal policies that reflect economic needs, including economic growth, deficit reduction, job creation...
Persistent link: https://www.econbiz.de/10009437378
The relationship between ownership and diversification has been the focus of renewed debate between financial … higher levels of diversification, strategy researchers argue that ownership and diversification are not systematically … different objectives and monitoring predispositions of distinct ownership groups might influence diversification strategy. The …
Persistent link: https://www.econbiz.de/10009459111
household.The second essay entitled, “Can diversification be learned?” investigates if investors who have superior investment … knowledge are more likely to actively seek diversification benefits and are less prone to allocation biases. Results of cross …
Persistent link: https://www.econbiz.de/10009460481
errors is worse for large insurers. Finally, we find that our proposed measurement method for the product diversification … benefit provides support for the notion that the diversification benefit on the incurred losses increases with the number of … lines in the portfolio. Yet, the diminishing returns tend to decrease the diversification benefit on the incurred losses for …
Persistent link: https://www.econbiz.de/10009463399