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A constrained swarm optimization algorithm for large-scale long-run investments using Sharpe ratio-based performance measures
We study large-scale portfolio optimization problems in which the aim is to maximize a multi-moment performance measure extending the Sharpe ratio....
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The First Chicago Valuation Method
The First Chicago valuation method can be seen as a variation of the discounted cash flow (DCF) methodology. It provides a differentiated approach to...
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Portfolio Insurance Strategies
A portfolio insurance strategy is a dynamic hedging process that provides the investor with the potential to limit downside risk while allowing...
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Identifying systemically important financial institutions in China: new evidence from a dynamic copula-CoVaR approach
We examine the risk spillovers in the Chinese financial system by adopting a time-varying copula-CoVaR approach. We first identify the systemically...
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Smoothed semicovariance estimation for portfolio selection
Downside risk measures, such as semivariance, are essential for evaluating investment risk. Focusing on semivariance allows investors to emphasize...
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On Discrete Mixture of Moment Exponential Using Lagrangian Probability Model: Properties and Applications in Count Data with Excess Zeros
In this paper, we introduce a new distribution for modeling count datasets with some unique characteristics, obtained by mixing the generalized...
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Efficient portfolios and extreme risks: a Pareto–Dirichlet approach
This paper solves the mean variance skewness kurtosis (MVSK) portfolio optimization problem by introducing a general Pareto–Dirichlet method. We...
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Portfolio Insurance Strategies
A portfolio insurance strategy is a dynamic hedging process that provides the investor with the potential to limit downside risk while allowing...
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The Discrete Analogue of the Weibull G Family: Properties, Different Applications, Bayesian and Non-Bayesian Estimation Methods
In this work, we propose and study a new discrete analogue of the Weibull class. Many useful properties such as ordinary moments; moment generating...
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Upside-Down Pyramids: A Demographic Revolution Unfolded
The aging of our society is a well known epiphenomenon. Yet the multiple consequences and impact on the travel and tourism industry are only starting...
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Multinationality, portfolio diversification, and asymmetric MNE performance: The moderating role of real options awareness
The field of international business is fundamentally concerned with the implications of managerial actions that affect multinational risk and...
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Performance Measurement in Supply Chains
There is hardly a business firm that is not engaged in performance measurement. In a supply chain context, performance measurement does not merely...
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CEO inside-debt compensation and strategic emphasis
This study utilizes agency theory to examine how Chief Executive Officers’ (CEOs) compensation contracts impact marketing strategy decisions within...
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Deep learning, textual sentiment, and financial market
In this paper, we apply the BERT model, a cut-edging deep learning model, to construct a novel textual sentiment index in the Chinese stock market....
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Valuation Versus Pricing: A Conceptual and Practical Guide to Estimate Economic Value for Early-Stage Companies Via DCF
The valuation of startups and early-stage companies is often considered a point of debate between founders and investors. More so than in the broader...
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The impact of digital transformation on firm performance: a perspective from enterprise risk management
From the perspective of enterprise risk management(ERM), this paper adopts excess return of shareholders as a proxy variable for firm performance and...
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How to get better at flatter designs: considerations for sha** and leading organizations with less hierarchy
Working with fewer hierarchical layers than has been the case traditionally is often considered critical for firms to become more innovative,...
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Why deep pockets make great borrowers: an empirical analysis of venture loans
Startups typically have no positive cash flow, little collateral to offer, and high bankruptcy rates. As a result, they seem to be poor loan...
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Entrepreneurial Finance
Restricted access to finance is often cited as one of the most prominent problems of innovative startups throughout their life cycle. Many...
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Competitive strategy and stock market liquidity: a natural language processing approach
In this study, we examine how competitive strategy affects firm-level stock liquidity. Following Porter’s (1980) classification of generic...