Financial Accounting and Investment Management
نویسندگان
چکیده
منابع مشابه
Accounting for seismic risk in financial analysis of property investment
ABSTRACT: A methodology is presented for making property investment decisions using loss analysis and the principles of decision analysis. It proposes that the investor choose among competing investment alternatives on the basis of the certainty equivalent of their net asset value which depends on the uncertain discounted future net income, uncertain discounted future earthquake losses, initial...
متن کاملRisk Management and ABS investment of Financial Institutions
In this study we investigate the function of risk management in financial institutions‟ investment decisions in asset-backed securities (ABS) prior to the 2008 financial crisis, and the interaction of this function with financial regulations. We employ U.S. insurance companies as a laboratory, which provides detailed security-level information on ABS investment. We find that strong risk managem...
متن کاملFinancial Simulation and Investment Expectations
Executive summary Future investment returns are uncertain; no reliable means to foresee them exists. However, institutions and individuals making financial decisions need an approach to model the range of possible future returns. Any approach requires two fundamental ingredients: • First, long-term historical returns must be examined to determine the attributes and interrelationships that chara...
متن کاملInvestment, Irreversibility, and Financial Imperfections¤
Research ...nds that ...rms’ investment decisions are distorted by irreversibility and ...nance constraints. Whereas the existing literature examines the e¤ects of these features separately, this paper studies their interaction. The impact of these constraints on a ...rm’s incentive to invest is characterised using option pricing techniques. Financial constraints reduce the initial capacity, ra...
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ژورنال
عنوان ژورنال: The Accounting Review
سال: 2010
ISSN: 0001-4826,1558-7967
DOI: 10.2308/accr.2010.85.5.1816