more so, multi-asset multi-factors significantly expand the investment opportunity set relative to a traditional multi …

business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial … business equity at the intensive margin, but decrease entrepreneurial investment at the extensive margin. To test these … due to tax avoidance or evasion, but increase investment in private businesses that are also worthwhile in the absence of …

We study the consumption and investment model under time-varying liquidity constraints (TVLC) that are widely used in …

The paper investigates the relationship between the investment holding horizon and liquidity. I confirm and expand … investment decisions, which is an extension of the earlier findings of Teo (2011) for hedge funds …

We remove the technical assumption $\gamma>0$ imposed by Dai et. al. who consider the optimal investment and …

In the presence of a risk-free asset the investment opportunity set obtained via the Markowitz portfolio optimization …-covariance matrix. We show that the investment opportunity set can alternatively be characterized in terms of the vector of Sharpe … individual risky assets that preserve the Sharpe ratios and the correlation matrix do not change the investment opportunity set …

This paper investigates the link between economic state and investment levels in an economy within the premise of a … to establish a similar relationship between economic state and aggregate and sector-based venture capital investment … suffer, because of a change in the evolving economic state and effects of such a change on the investment levels in an …

Using a unique money manager database that allows managers to identify their own investment styles, we examine 4 …

relative risk aversion, and with stochastic investment opportunities. An optimal portfolio decomposes as a constant mix of a …