Investment in emerging technologies is particularly challenging, since, apart from uncertainty in revenue streams … of the output price. Thus, we develop an analytical framework for sequential investment in order to determine how price … likelihood of subsidy provision facilitates investment. However, embedded options to invest in improved technology versions raise …

We combine forward investment performance processes and ambiguity averse portfolio selection. We introduce the notion … investment horizon specification. It describes the evolution of time-consistent ambiguity averse preferences. We first focus on … dynamical estimate of the market price of risk and updates her stochastic utility in accordance with the so-perceived elapsed …

for further research, especially on the motivations behind investment decisions. Investments in market economies are …) and the General Theory (1936), as well as follow-ups in the postKeynesian approaches and others dealing with “fundamental … society. By shaping business concerns and strategies, social institutions have a major impact on investment decisions in a …

Pension funds investment behavior have found to be persistent over time. Empirical findings of such persistence support … conjectures that belief biases such as overoptimism and reputational concerns affect fiduciary investment behavior. Standard mean …-variance analyses do not consider the implications of prudent-man laws on pension fund investment. We suggest an alternative way to …

for further research, especially on the motivations behind investment decisions. Investments in market economies are …) and the General Theory (1936), as well as follow-ups in the post-Keynesian approaches and others dealing with "fundamental … society. By shaping business concerns and strategies, social institutions have a major impact on investment decisions in a …

constitutes a link between arbitrage choice theory and corporate investment theory, and shows that explicit discounting is not …This paper deals with capital budgeting decisions under uncertainty. We present an Aggregate Return On Investment (AROI … which, compared with the risk-adjusted cost of capital, correctly signals wealth creation. For choosing between two mutually …

In a model of mutual fund investor learning about managerial ability, we investigate how investment decisions depend on …

risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However … investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multidimensional nature of tax …