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During the last few decades, mutual funds have passed through a period of significant development regarding the managed assets volume and number of funds, as well as regarding the investment strategies and financial instruments used. The present paper wants to analyze the main evolutions on the...
Persistent link: https://www.econbiz.de/10010631978
evidence that experimental entrepreneurial behavior (characterized by detecting an opportunity and accepting risk to take an …
Persistent link: https://www.econbiz.de/10010570907
Setting up business capital is made from different sources and their use coordinates its policy aims, issues that affect the overall efficiency and thus differentiate companies with the same profile of activity and a similar level of capital advanced in the economic cycle. Thus financial...
Persistent link: https://www.econbiz.de/10010571330
To be rationally does not mean eliminating risk but adapt at risk. Must pass an approach of the economy in which they … rapid change. Risk depends not only of the factors generals but also cost structure, their behavior the volume of activity … income and capital increase. From the point of view of risk, we distinguish investment risks in: shares and debentures …
Persistent link: https://www.econbiz.de/10010571339
This article investigates the effects of a multiple fund management structure on the risk volatility of the funds … simultaneously managed. Using a sample of 1480 mutual funds managed by 407 fund managers over a 3-year period, we find that the risk … volatility of at least one fund managed by a multiple fund manager is significantly higher than its objective and risk …
Persistent link: https://www.econbiz.de/10010571694
characteristics of optimal levels of care and distribution of risk under these circumstances and show that care depends on the …, regulation, insurance, taxes and subsidies can be used to implement the first-best outcome (in terms of both care and risk …
Persistent link: https://www.econbiz.de/10010571736
(study 1). Moreover, economic contractions induce risk aversion for negative outcomes, but not for positive outcomes, while … economic expansions instigate risk seeking for positive outcomes, but not for negative outcomes (study 2). A time-series study …
Persistent link: https://www.econbiz.de/10010572129
In three binary choice problems, people reveal a choice pattern which falsifies expected utility theory and many generalized non-expected utility theories. This new paradox challenges popular non-expected utility models analogously to how the Allais paradox challenged neoclassical expected...
Persistent link: https://www.econbiz.de/10010572232
This introduces the symposium on inequality and risk. …
Persistent link: https://www.econbiz.de/10010572395
volatile creating substantial financial risk for fishermen. The US Pacific Groundfish fishery recently introduced an ITQ system … with low quotas for several overfished species with highly uncertain bycatch rates. Some fishery participants formed risk … pools where bycatch quota is pooled and available to all pool members. Risk pools can reduce financial risk and transactions …
Persistent link: https://www.econbiz.de/10010572624