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Are real investment decisions based on risk-adjusted performance measures consistent with maximizing shareholder value?

Lampenius, Niklas - In: Journal of risk 15 (2012/13) 2, pp. 77-101

Persistent link: https://www.econbiz.de/10015182582

Are Real Investment Decisions Based on Risk Adjusted Performance Measures Consistent with Maximizing Shareholder Value?

Lampenius, Niklas - 2013

We show that the usage of risk adjusted performance measures (RAPM), such as the RORAC or the RARORAC, as decision criterion for real investment decisions might favor projects that do not maximize shareholder value for project selection of mutually exclusive projects. We find that RAPM based on...

Persistent link: https://www.econbiz.de/10013091928

Einfluß der Besteuerung in der wertorientierten Performancemessung im Kompositversicherungsunternehmen

Schmautz, Matthias; Hartung, Thomas - In: Zeitschrift für die gesamte Versicherungswissenschaft … 99 (2010) 4, pp. 435-447

Persistent link: https://www.econbiz.de/10008737190

Wertorientierte Performancemessung im Kompositversicherungsunternehmen

Schmautz, Matthias; Hartung, Thomas - In: Zeitschrift für die gesamte Versicherungswissenschaft … 98 (2009) 4, pp. 411-430

Persistent link: https://www.econbiz.de/10003911614

Value creation and solvency : a simple approach to deriving a non-life insurer's optimal growth strategy

Schmautz, Matthias - In: The Geneva papers on risk and insurance - issues and … 40 (2015) 4, pp. 701-719

Persistent link: https://www.econbiz.de/10011419085