Infrastructure investment has high economic returns, especially in ASEAN economies where enhanced connectivity is critical for their continued prosperity. Each member government needs to ensure infrastructure gaps are narrowed through both the government’s own funding and public-private...

Minimizing volatility is an important objective stated by regulatory bodies and guvernments in our days. The high volatility of the international capital markets, and the narrowed capacity of handling this volatility, makes countries beneficiary of contagion and so vulnerable to shocks and...

Investment activity in agricultural sector is one of the significant factors of agribusinesses efficient development. Besides, as the author suggests, without increasing agricultural industry competitiveness it will be impossible to enhance the investment activity in agrarian sector of the...

Following the Winner’s Curse and the Optimizer’s Curse, this paper introduces the Satisficer’s Curse. The Winner’s Curse requires competition between agents in an auction for, usually, a common-value item; the Optimizer’s Curse is a systematic overvaluation when the decision maker is...

A stock market index is used for measure the stock market activity or the value of a section of the stock market. Bucharest Stock Exchange (BSE) currently has 7 indices, with different structures, whose evolution reflects the real situation of the most liquid companies listed on the BSE or the...

Entrepreneurship and the creation of new businesses are two key drivers of economic growth and innovation of industries, regions and countries. The paper presents a model of entrepreneurial choice based on the modern portfolio theory. The model has been further developed to take account of the...

This paper analyzes the geographical preferences of hedge fund investors and the implication of these preferences for hedge fund performance. We find that funds of hedge funds overweight their investments in hedge funds located in the same geographical areas and that funds of funds with a...

In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002–2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...

We consider the problem of accurate market risk modeling for agricultural commodity products over heterogeneous investment horizons using copulas and wavelet methods. Our results indicate that the degree and structure of the dependence of daily commodity returns on the three market risk fac-...

We investigated the profitability of a simple and easily implementable pairs trading strategy that included trading costs and restrictions to short selling so as to replicate an effective strategy exploitable by an individual investor. Notwithstanding the limitations embodied in our model, pairs...