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The Investment Decision of Individuals and Firms
Oleh:
Chamberlain, Trevor W.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS vol. 5 no. 2 (1996)
,
page 87-98.
Topik:
investment
;
investment decision
;
individuals
;
firms
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II7
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This paper presents a model of investment in which it is assumed that both individuals and firms maximize the probability of long - run survival (PLRS). For individuals, the decision variable is the fraction of wealth placed in risky securities, whereas, for firms, it is the rate of investment in real assets. For both, a high mean rate of growth in net worth is a necessary condition for a high probability of long - run survival.
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