Evolutionary understanding of behaviour of firms is gradually becoming more accepted in a variety of disciplines such as economics, management and organization. Contributing to a multidisciplinary understanding of strategic behaviour, this paper analyzes foreign direct investment strategies of US firms in Europe since the second world war. Taking routinized investment behaviour, satisficing str...

In this paper, we demonstrate the advantage of the use of broad-based stock option plans over cash compensation when the …rm needs to …nance both current and future investment in an environment where external …nance is costly. Intuitively, the company obtains funds for investment in the current period by cutting …xed wages through the issuance of stock options. The company receives additional f...

As widely recognized in the literature, information technology (IT) investments have several special characteristics that make assessing their costs and benefits complicated. Here, we address the problem of evaluating a web content management system for both internal and external use. The investment is presently undergoing an evaluation process in a multinational company. We aim at making expli...

Long term investment is one of the major investment strategies. However, calculating intrinsic value of some company and evaluating shares for long term investment is not easy, since analyst have to care about a large number of financial indicators and evaluate them in a right manner. So far, little help in predicting the direction of the company value over the longer period of time has been pr...

This paper studies a new renewable energy investment model through crowdfunding, which is motivated by emerging community solar farms. In this paper we develop a sequential game theory model to capture the interactions among crowdfunders, the solar farm owner, and an electricity company who purchases renewable energy generated by the solar farm in a multi-period framework. By characterizing a u...

The problem of optimal investment for an insurance company attracts more attention in recent years. In general, the investment decision maker of the insurance company is assumed to be rational and risk averse. This is inconsistent with non fully rational decision-making way in the real world. In this paper we investigate an optimal portfolio selection problem for the insurer. The investment dec...

1 Investment Company Advertising: Target Date Retirement Fund Names and Marketing, Securities Act Release No. 9126 (June 16, 2010) [75 FR 35920 (June 23, 2010)] (‘‘Proposing Release’’). 2 See Default Investment Alternatives Under Participant Directed Individual Account Plans, 72 FR 60452, 60452–53 (Oct. 24, 2007). 3 Morningstar Fund Research, Target Date Series Research Paper: 2013 Survey, avai...