Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/84475 
Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Serie Documentos de Trabajo No. 416
Verlag: 
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA), Buenos Aires
Zusammenfassung: 
This research paper sets forth that an alternative for managing the internal investment fund of any company, lies on separation portfolios. Firstly, the company's internal investment portfolio is built up within the context of the incremental cash-flow model. Next, separation portfolios are introduced and consequential features for this paper are predicated upon them: firstly, they provide an easier framework for risk-management; secondly, their risk-return profile bring about a down-to-earth performance benchmark. Afterwards, the internal investment portfolio is mapped out like a distinctive separation portfolio. Lastly, pragmatic consequences and some corporate governance advantages of this financial engineering will follow.
Schlagwörter: 
separation portfolios
portfolio management
incremental cash-flow model
corporate governance
internal investment fund
risk metrics
JEL: 
G11
G34
G32
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
77.65 kB





Publikationen in EconStor sind urheberrechtlich geschützt.