Personal finance is a challenging topic which can benefit from a scientific approach to individual financial planning. This paper presents an individual asset liability management (iALM) model for life cycle planning which uses the methodology of dynamic stochastic optimisation and incorporates ideas from both classical and behavioural finance. Its implementation is in the form of a decision su...

We describe a decision support system to assist in the preparation and evaluation of agroindustrial investment projects, called Agriventure. This system has been specifically designed to address the special characteristics of agroindustrial projects. The system facilitates the laborious process of organizing the technical and economic information needed to assess a project’s financial feasibili...

USAA is a member-owned U.S. financial services company focused on military personnel. To support its mission to facilitate the financial security of its members, USAA developed a strategy focused on serving members through life events—major decisions and actions in a person’s life that have significant financial implications, such as getting married, buying a house, having a baby or leaving the...

I examine whether financial reporting quality and credibility affect firm financing and investment decisions. I use PCAOB inspections of non-U.S. auditors as exogenous shocks to the reporting quality of non-U.S. firms audited by PCAOB inspected auditors. I then use the subsequent public revelation of the inspection as exogenous shocks to the reporting credibility of non-U.S. firms that employ P...

From an evolutionary point of view, sex differences in intergenerational transmission of income may be influenced by the Trivers-Willard (T-W) effect: Low status parents should invest more in daughters, whereas high status parents are expected to invest more in sons. This bias in parental investment may result in status-dependent sex biased parental support for higher education and educational ...

Many new models for measuring financial contagion have been presented recently. While these models have not been specified for investment funds directly, there are many similarities that could be explored to extend the models. In this work we explore ideas developed about financial contagion to create a network of investment funds using both cross-holding of quotas and a bipartite network of fu...

The reform of 1989 exposed Hungarian industry to foreign competition and confronted it to the loss of the vast and undemanding COMECON market, the withdrawal of public support and the need for privatisation. Based on twenty-four interviews in pharmaceutical, electronics, automotive and textile companies, this paper gives insight into the efforts made by Hungarian industry to upgrade its technol...