Good employee performance is the main thing for company. Poor will cause company to suffer losses, or it can even experience bankruptcy and liquidation. Until now, many rural banks in Indonesia are experiencing liquidation, so necessary find a solution improve of bank employees that liquidation be avoided. This research aims examine whether big five personalities motivation affect job performan...

We consider the problem facing a risk averse agent who seeks to liquidate or exercise a portfolio of (infinitely divisible) perpetual American style options on a single underlying asset. The optimal liquidation strategy is of threshold form and can be characterised explicitly as the solution of a calculus of variations problem. Apart from a possible initial exercise of a tranche of options, the...

We solve a liquidation problem for an agent with preferences consistent with the prospect theory of Kahneman and Tversky (1979). We find that the agent is willing to hold a risky project with a relatively inferior Sharpe ratio if the project is currently making losses, and intends to liquidate it when it breaks even. On the other hand, the agent may liquidate a project with a relatively superio...

The exploitation of minerals from fields can be treated as a separate investment project. Three stages such project should considered during the decision-making process, preparation field for exploitation, acquisition raw materials and liquidation following mining activities. During implementation these various stages, evaluation economic efficiency static dynamic methods are taken into account...

This paper is concerned with using stochastic approximation and optimization methods for stock liquidation decision making and option pricing. For stock liquidation problem, we present a class of stochastic recursive algorithms, and make comparisons of performances using stochastic approximation methods and that of certain commonly used heuristic methods, such as moving averaging method and mov...

In this paper the investment and liquidation policy of a levered firm is analyzed. The possibility of renegotiating the original debt contract is included. It is shown that the shareholders’ option to restructure the outstanding debt exacerbates Myers’ (1977) underinvestment problem. This result is due to a higher wealth transfer from the shareholders to the creditors occurring upon investment ...