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The Risk Aversion of German Decision Makers in SMEs by a Direct Investment in Brazil

The Risk Aversion of German Decision Makers in SMEs by a Direct Investment in Brazil PDF Author: Ralf Peter Wüstermann
Publisher:
ISBN: 9783832544416
Category :
Languages : en
Pages : 280

Book Description
During complex decisions processes, such as a direct investment in Brazil, the risk aversion of a decision maker influences if and to which extent a company invests directly in Brazil. Furthermore, the special economic situation of SMEs determines the degree of risk aversion of the decision makers. In the current state of scientific discussion, no model for risk aversion exists. Therefore it is not possible to explain scientifically the risk-averse decision-making behavior and the influence of the economic situation of decision makers to complex investment decisions. To answer the thesis, a model of risk aversion with the variables risk expectation, experience, information, intuition, risk preferences and risk perception is developed. This doctoral thesis also investigated the relationship between the variables. The variables of the model of risk aversion are verified with the example of the risk aversion decision-making behavior of decision makers in SMEs at a Brazilian direct investment.

The Risk Aversion of German Decision Makers in SMEs by a Direct Investment in Brazil

The Risk Aversion of German Decision Makers in SMEs by a Direct Investment in Brazil PDF Author: Ralf Peter Wüstermann
Publisher:
ISBN: 9783832544416
Category :
Languages : en
Pages : 280

Book Description
During complex decisions processes, such as a direct investment in Brazil, the risk aversion of a decision maker influences if and to which extent a company invests directly in Brazil. Furthermore, the special economic situation of SMEs determines the degree of risk aversion of the decision makers. In the current state of scientific discussion, no model for risk aversion exists. Therefore it is not possible to explain scientifically the risk-averse decision-making behavior and the influence of the economic situation of decision makers to complex investment decisions. To answer the thesis, a model of risk aversion with the variables risk expectation, experience, information, intuition, risk preferences and risk perception is developed. This doctoral thesis also investigated the relationship between the variables. The variables of the model of risk aversion are verified with the example of the risk aversion decision-making behavior of decision makers in SMEs at a Brazilian direct investment.

Handbook of the Fundamentals of Financial Decision Making

Handbook of the Fundamentals of Financial Decision Making PDF Author: Leonard C. MacLean
Publisher: World Scientific
ISBN: 9814417351
Category : Business & Economics
Languages : en
Pages : 941

Book Description
This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. There are a number of new papers that have never been published before especially in Part II.Part I is concerned with Decision Making Under Uncertainty. This includes subsections on Arbitrage, Utility Theory, Risk Aversion and Static Portfolio Theory, and Stochastic Dominance. Part II is concerned with Dynamic Modeling that is the transition for static decision making to multiperiod decision making. The analysis starts with Risk Measures and then discusses Dynamic Portfolio Theory, Tactical Asset Allocation and Asset-Liability Management Using Utility and Goal Based Consumption-Investment Decision Models.A comprehensive set of problems both computational and review and mind expanding with many unsolved problems are in an accompanying problems book. The handbook plus the book of problems form a very strong set of materials for PhD and Masters courses both as the main or as supplementary text in finance theory, financial decision making and portfolio theory. For researchers, it is a valuable resource being an up to date treatment of topics in the classic books on these topics by Johnathan Ingersoll in 1988, and William Ziemba and Raymond Vickson in 1975 (updated 2 nd edition published in 2006).

Global Investment Competitiveness Report 2019/2020

Global Investment Competitiveness Report 2019/2020 PDF Author: World Bank Group
Publisher: World Bank Publications
ISBN: 1464815437
Category : Business & Economics
Languages : en
Pages : 343

Book Description
The Global Investment Competitiveness Report 2019-2020 provides novel analytical insights, empirical evidence, and actionable recommendations for governments seeking to enhance investor confidence in times of uncertainty. The report's findings and policy recommendations are organized around "3 ICs" - they provide guidance to governments on how to increase investments' contributions to their country's development, enhance investor confidence, and foster their economies' investment competitiveness. The report presents results of a new survey of more than 2,400 business executives representing FDI in 10 large developing countries: Brazil, China, India, Indonesia, Malaysia, Mexico, Nigeria, Thailand, Turkey, and Vietnam. The results show that over half of surveyed foreign businesses have already been adversely affected by policy uncertainty, experiencing a decrease in employment, firm productivity, or investment. Foreign investors report that supporting political environments, stable macroeconomic conditions, and conducive regulatory regimes are their top three investment decision factors. Moreover, the report's new global database of regulatory risk shows that predictability and transparency increase investor confidence and FDI flows. The report also assesses the impact of FD! on poverty, inequality, employment, and firm performance using evidence from various countries. It shows that FDI in developing countries yields benefits to their firms and citizens-including more and better-paid jobs-but governments need to be vigilant about possible adverse consequences on income distribution. The report is organized in S chapters: Chapter 1 presents the results of the foreign investor survey. Chapter 2 explores the differential performance and development impact of greenfield FDI, local firms acquired by multinational corporations {i.e. brownfield FDI), and domestically-owned firms using evidence from six countries. Chapter 3 assesses the impact of FDI on poverty, inequality, employment and wages, using case study evidence from Ethiopia, Turkey and Vietnam. Chapter 4 presents a new framework to measure FDI regulatory risk that is linked to specific legal and regulatory measures. Chapter S focuses on factors for increasing the effectiveness of investment promotion agencies.

Foreign Investment Decision-making in Transition Economies

Foreign Investment Decision-making in Transition Economies PDF Author: Olga Golubeva
Publisher:
ISBN: 9789172652996
Category : Investments, Foreign
Languages : en
Pages : 294

Book Description


OECD Sovereign Borrowing Outlook 2021

OECD Sovereign Borrowing Outlook 2021 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264852395
Category :
Languages : en
Pages : 94

Book Description
This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.

Making Foreign Direct Investment Work for Sub-Saharan Africa

Making Foreign Direct Investment Work for Sub-Saharan Africa PDF Author: Thomas Farole
Publisher: World Bank Publications
ISBN: 1464801266
Category : Business & Economics
Languages : en
Pages : 302

Book Description
This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

Financing High-Growth Firms The Role of Angel Investors

Financing High-Growth Firms The Role of Angel Investors PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264118780
Category :
Languages : en
Pages : 158

Book Description
This report covers seed stage financing for high growth companies in OECD and non-OECD countries with a primary focus on angel investment.

OECD SME and Entrepreneurship Outlook 2021

OECD SME and Entrepreneurship Outlook 2021 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264579311
Category :
Languages : en
Pages : 294

Book Description
Small and medium-sized enterprises (SMEs) and entrepreneurs have been hit hard during the COVID-19 crisis. Policy responses were quick and unprecedented, helping cushion the blow and maintain most SMEs and entrepreneurs afloat. Despite the magnitude of the shock, available data so far point to sustained start-ups creation, no wave of bankruptcies, and an impulse to innovation in most OECD countries.

The Role of National Development Banks in Catalyzing International Climate Finance

The Role of National Development Banks in Catalyzing International Climate Finance PDF Author: Lucila Serra
Publisher: Inter-American Development Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 95

Book Description
Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway. Overcoming barriers to private sector investments is critical, and international climate finance can play a catalytic role in this regard. National development banks (NDBs) have a unique role in this context, both complementing and catalyzing private sector players. This publication discusses the unique role that NDBs could play in scaling up private financing for climate change mitigation projects through the intermediation of international and national public climate finance in their respective local credit markets and the conditions that would be needed for them to be most effective. It draws from experiences in international climate finance and best practices, processes, and products of NDBs within the Latin American and Caribbean region.

Mission-Oriented Finance for Innovation

Mission-Oriented Finance for Innovation PDF Author: Mariana Mazzucato
Publisher: Rowman & Littlefield
ISBN: 1783484969
Category : Political Science
Languages : en
Pages : 175

Book Description
The role of the state in modern capitalism has gone beyond fixing market failures. Those regions and countries that have succeeded in achieving “smart” innovation-led growth have benefited from long-term visionary “mission-oriented” policies—from putting a man on the moon to tackling societal challenges such as climate change and the wellbeing of an ageing population. This book collects the experience of different types of mission-oriented public institutions around the world, together with thought-provoking chapters from leading economists. As the global debate on deficits and debt levels continues to roar, the book offers a challenge to the conventional narrative—asking what kinds of visionary fiscal policies we need to help promote "smart” innovation-led, inclusive, and sustainable growth.