Myopia in investment: Seasoned manager’s age and long-term investment distortion

Investigating the economic effects of long-term investment in HSE , Oil company in Iran

Introduction: Even with the rising number of diseases and their severity as well as occupational-environmental accidents occurring within organizations, most managers do not still care about the profitability of implementing the health, safety, and environment (HSE) management system requirements. Material and Methods: Accordingly, the integration of the HSE costs calculated through engineerin...

Optimal Long Term Investment Model with Memory

We consider a financial market model driven by an Rn-valued Gaussian process with stationary increments which is different from Brownian motion. This driving noise process consists of n independent components, and each component has memory described by two parameters. For this market model, we explicitly solve optimal investment problems. These include (i) Merton’s portfolio optimization proble...

Stochastic Herding by Institutional Investment Managers

This paper demonstrates that the behavior of institutional investors around the downturn of the U.S. equity markets in 2007 is consistent with stochastic herding in attempts to time the market. We consider a model of large number of institutional investment managers who simultaneously decide whether to remain invested in an assets or liquidate their positions. Each fund manager receives imperfe...

Institutional investment in Central and Eastern Europe: investment criteria of Western portfolio managers

Institutional Investment in Central and Eastern Europe: Investment Criteria of Western Portfolio Managers

Transition of the former communist countries of Central and Eastern Europe (CEE) to functioning market economies creates new investment opportunities. A decade ago capital markets were almost absent in all CEE countries but they are developing rapidly. At the end of the 1990s institutional investors from Western countries are present in the equity and bond markets of the largest CEE economies. ...