Social Currency: The Raconteur’s Investment Portfolio

Investment Portfolio Performance Evaluation

Most people who contract with financial managers do not have much understanding of how much benefit paid support provides them in terms of investment return. Similarly, most people who manage their own portfolios do not know how well they are doing with respect to the rest of the financial market – they simply define a successful portfolio by a positive return on investment. The goal of this pr...

Sex and Portfolio Investment

We attempt to answer why sex is nearly ubiquitous when asexual reproduction is ostensibly more efficient than sexual reproduction. From the perspective of a genetic allele, each individual bearing that allele is akin to a stock share yielding dividends equal to that individual’s number of offspring, and the totality of individuals bearing the allele is its portfolio investment. Alleles compete ...

Do Democracies Attract Portfolio Investment?

Fixing the currency: analysing the implications for property investment performance

Investment, Devaluation, and Foreign Currency Exposure: The Case of Mexico

This paper studies ̄rm-level investment in the wake of the Mexican peso crisis of 1994. While exporters outperform nonexporters in terms of pro ̄ts and sales after the devaluation, their investment is constrained by weak balance sheets. Speci ̄cally, we ̄nd that ̄rms with heavy exposure to short-term foreign currency debt before the devaluation experienced relatively low levels of post-devaluation...