A theory of optimal timing and selectivity
Article Abstract:
The solution for an extended optimal portfolio problem in continuous time for any horizon has been derived. The portfolio choice has stochastic expected returns, stochastic variance and investors are allowed to purchase information on stochastic processes to improve their portfolios. Results are obtained in terms of selection information results, timing information results, portfolio results, fund flow results and strategic results related to the interaction of timing and selection strategies over time.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1999
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Determinants of foreign equity share of international joint ventures
Article Abstract:
Multinational Corporations, while setting up joint ventures, keep the larger part of the shares tom reduce the risk that may arise due to the fluctuations in cost advantage.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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