a r t i c l e i n f o In the portfolio choice literatures and the financial market, diversification and concentration are the focus of debate of philosophers. In this paper, we develop a model of portfolio choice to integrate the diversification strategy and the concentration strategy. Our model relies on the concepts of investor sentiment and inertial thinking. The results show that: Generally...

This work presents some issues concerning the utilization of the AGAP system (Aid to Groups of Analysis and evaluation of Projects). The AGAP is a group decision support system (GDSS) that was developed (at the Faculty of Economics of the University of Coimbra) as a distributed system allowing multiple decision makers to cooperate in order to evaluate and select investment projects. This work r...

Since 21st century, China’s outward foreign direct investment (OFDI) has entered into a stage of fast development. The flow of China’s OFDI kept an increasing momentum and created new records continually even under the circumstances of more complicated external environment and slowdown pace of global economic recovery. As the rapid development of foreign direct investment (FDI), there still exi...

the purpose of this paper is a study on the effect of cash flows on the gap between actual and optimal financial leverage ratio companies listed in tehran stock exchange. in this regard, we try to help with advanced econometric techniques such as partial adjustment model on panel data and generalized method of moments to achieve a reasonable estimate of the impacts.in this paper, were analyzed ...

The paper investigates the empirical significance of revenue management in determining firm-level fixed capital investment when investment opportunities are controlled for by two of the recently-introduced empirical fundamentals: profitability shocks and the gap measure between the desired and actual capital stocks (mandated investment rate). Tobin's q is also included in the analyses for the p...

This research investigates relationships among IT investment, inventory performance, and financial performance to find the empirical evidence for the theory that operational excellence in inventory management and relevant IT investment enhance profitability in the long run. Using ANOVA, post hoc analysis, and hierarchical regression, we analyze longitudinal data at the industry group level (man...