Showing 91 - 100 of 97,517
This discussion paper analyzes the relationship between the individual growth dimensions. Futhermore it tries to identify common growth patterns.
Persistent link: https://www.econbiz.de/10005847729
This paper releases the result of an empirical study of the trends and major determinants of technological diversification in the period from 1983 to 1997.
Persistent link: https://www.econbiz.de/10005847731
Das Diversifikationsstreben, das in den 60er und 70er Jahren unter anderem als Mittel der Risikostreuung propagiert worden ist, führte zum Entstehen einer zunehmenden Zahl von "Multibusiness Firms" mit vielen, teils heterogenen Einzelgeschäften ...
Persistent link: https://www.econbiz.de/10005848291
The author studies the connection between the form of the similarity function of a decision-maker and his willingness to diversify.
Persistent link: https://www.econbiz.de/10005850463
Seit Begründung der modernen Portfoliotheorie ist bekannt, daß die Portfoliovolatilität im Fall niedriger Korrelationen zwischen den Anlageklassen bei sonst gleich bleibenden Parametern ohne Renditeeinbuße reduziert wird...
Persistent link: https://www.econbiz.de/10005856981
Die Erfassung und Berücksichtigung von Klumpenrisiken in Kreditportfolios ist einer der Punkte, mit denen sich die Kreditwirtschaft nach der Veröffentlichung desZweiten Baseler Konsultationspapiers besonders intensiv befasst. Insbesondere die Sparkassenorganisation, deren Institute in ihrer...
Persistent link: https://www.econbiz.de/10005857852
We examine the quantification of operational risk for banks. We adopt a financial-economics approach and interpret operational risk management as a means of optimizing the profitability of an institution along its value chain. We start by defining operational risk and then propose a...
Persistent link: https://www.econbiz.de/10005858319
We use portfolio theory to quantify the efficiency of state-level sectoral patterns of production in the United States. On the basis of observed growth in sectoral value-added output, we calculate for each state the efficient frontier for investments in the real economy. We study how rapidly...
Persistent link: https://www.econbiz.de/10005858336
Institutional but also private investors have often limited flexibility in timing their investment decision. Therefore, they look for investments that would ideally be independent of the timing decision. We introduce a new class of derivative products whose payoff is linked to the trend of the...
Persistent link: https://www.econbiz.de/10005858740
Have the euro and accompanying measures of financial integration had a discernable impact on the degree of diversification of European investors? This is an empirical question that this paper tries to answer by exploring four alternative avenues. First we focus on the final outcome: If European...
Persistent link: https://www.econbiz.de/10005858760