Zobrazeno 1 - 10
of 40
pro vyhledávání: '"Yoram Kroll"'
Publikováno v:
In Journal of Co-operative Organization and Management December 2015 3(2):84-93
Publikováno v:
Quantitative Finance. 21:1589-1603
In Quantitative Finance 2016, Chen, Hu and Lin (CHL) claimed the following: ‘ … there is yet no coherent risk measure related to investment performance.’ (p. 682). Our paper suggests and analyzes f...
Publikováno v:
Finance Research Letters. 51:103493
Publikováno v:
Review of Accounting and Finance. 18:346-365
Purpose This paper aims to forgo the conventional (degree of operating leverage) risk measure by replacing elasticity of operating profits with respect to output with elasticity of free cash flow (FCF) with respect to optimal output and by considerin
Autor:
Yoram Kroll, David Y. Aharon
Publikováno v:
Managerial Finance. 40:734-754
Purpose – The purpose of this paper is to develop alternative analytical measures for the degree of operating leverage (DOL) that reflect the impact of uncertain demand shocks in the product's market on optimal production levels, sales and profits
Autor:
Yoram Kroll, Assaf Cohen
Publikováno v:
Small Business Economics. 41:253-262
The main finding of this paper is that under financial market impediments and asymmetric information, a mutually guaranteed and correctly schemed and priced insurance credit contract should have an abnormal actuarial profit. Such a contract improves
Autor:
Yoram Kroll, Moshe Ben-Horin
Publikováno v:
The Engineering Economist. 57:101-118
We find that the incidence of multiple internal rate of return (IRR) pitfalls are rare. This might partially explain the widespread use of IRRs by practitioners. When a project's cash flow has only two sign variations, the IRR rule is simple. For ana
Autor:
Liema Davidovitz, Yoram Kroll
Publikováno v:
Economica. 70:19-29
Inequality aversion and risk-aversion are widely assumed in economic models; however existing economic literature fails to distinguish between the two. This paper presents methodology and a laboratory experiment, which separates inequality aversion f
Autor:
Yoram Kroll, Guy Kaplanski
Publikováno v:
The Journal of Risk. 4:1-27
The article presents an analysis and survey regarding the validity of VaR risk measures in comparison to traditional risk measures. Individuals are assumed to either maximize their expected utility or possess a lexicographic utility function. The ana