Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 42 for “"Capital Allocation"”.
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Three Essays on Strategic Capital Allocation
<p>Internal capital allocation is both economically important: $640 billion in the U.S. annually) and critical to firm strategy. Yet since Bower's 1986 book, the topic has been largely ignored in the strategy literature. My dissertation comprises three essays that begin to fill this gap by …
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International aspects of capital allocation efficiency
A fundamental job of the economy is to allocate capital efficiently. This thesis is about capital allocation efficiency: its causes, internal dynamics and contributions to output growth. The conventional explanation for output growth relies on banking development and stock market liquidity (Levine …
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Risk aggregation and capital allocation using copulas
… III Accord proposed considerable increases in capital charges for banks. Whilst this ensures greater economic stability, banks now face an increasing risk of becoming capital inefficient. Furthermore, capital analysts are not only required to estimate capital requirements for individual …
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Capital allocation and risk management in insurance
Submission original under an indefinite embargo labeled 'Open Access'. The submission was exported from vireo on 2022-11-11 without embargo terms
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A capital allocation process for public projects
… of the previous work reviewed with respect to capital budgeting and allocation. This shortfall has to do with the very general manner in which the public sector is addressed. The public sector poses problems which are unique to its environment and the simple extension of private sector tools to …
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Efficiency of Internal Capital Allocation and the Success of Acquisitions
… activities? In this research we use the internal capital allocation efficiency as a proxy for the efficiency of internal investment, and study whether firms that are internally efficient also make efficient external investment decisions. Our sample consists of multi-segment acquirers that announce …
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A study of risk management and capital allocation in Korean Insurance Companies
… Especially, they have not dealt with the risk allocation which is an essential part in risk management. In this paper, I will discuss the current risk management system and capital allocation in the Korean life insurance industry.
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Analyzing capital allocation for energy efficiency improvements by commercial real estate investment managers
… financial model to compare competing alternative capital investments. The competing investments consisted of a cosmetic improvement which was modeled to either increase rents or decrease leasing costs and an energy efficiency improvement which was modeled to decrease utility costs. Multiple …
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Modern Portfolio Theory Applied to Institutional Real Estate Investment
What is the optimal capital allocation to institutional-grade Real Estate that investment managers should pursue to achieve the highest risk-adjusted return? As Real Estate keeps evolving, institutionalizing, and becoming an asset class that is paramount to a well-balanced portfolio, the question …
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Essays in Internal Capital Markets in the U.S. Property-Liability Insurance Industry
… examines whether M&As are related to internal capital markets by analyzing the changes in internal capital market utilization following M&As in the U.S. property-liability insurance industry during the period 2000-2015. The results suggest that both acquiring insurers and targets increase …
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Managing Capex in the telecom industry
… via insider perspective, and their impacts on capital allocation; -- Financing of Capex via debt and the recent development of asset monetization; -- Specific trends (NSA, VNOs) and M&A in the telecom industry and their impacts on Capex, via the case study of the French SFR-Numericable …
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Growing Pains in financial development : institutional weakness and investment efficiency
… multiple lenders may severely backfire. Capital allocation is distorted away from the most productive uses. Entrepreneurs choose inefficient and limited-growth endeavors. These problems are exacerbated when borrowers have access to more lenders, explaining why increased access to finance …
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THREE ESSAYS IN LABOR FINANCE
… corporate decisions related to intangible capital. I exploit large-scale labor market data to study firm-level human capital along multiple dimensions. Chapter one examines corporate hiring sensitivities to a sudden tax windfall, documenting substantial nationwide heterogeneous responses …
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Simulation-based valuation of project finance investments in sub-Saharan Africa and its effects on net present value and default probabilities
… thus presenting a significant challenge to capital allocation decisions and the associated theme of narrowing the finance gap. In light of this, a case study is used to investigate the impact that simulation has on the valuation of an actual infrastructure project located in a sub-Saharan …
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Hedge fund of funds investment process : a South African perspective
… of return and co-variance to compute the optimal capital allocation to these categories. The final stage of the process employs a mixture of quantitative and qualitative analysis to allocate capital within categories to individual hedge funds.
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The relationship between various risk factors and the cost of equity premium implied by analysts' forecasts on the New York Stock Exchange
The cost of equity is used extensively for capital allocation decisions, and the various methods used to estimate it often result in materially different outcomes. A model of the impact of known risk factors on the implied cost of equity used by equity analysts, who are seen as informed market …
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Risk management for property casualty insurance companies
… in management of insurance company risk capital. The laxity in managing the cost of capital is a result of dysfunctional property/casualty risk classification and capital accumulation practices in the insurance industry. We reclassify risk based on both peril and financial functional …
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Investigating the nexus between investment in agriculture and agriculture output: a case for Namibia
… sector and industry level and its implication on capital allocation, particularly for developing countries that are resource constrained. The key question addressed in this paper is whether investment in agriculture is associated with agriculture output, both at the sector and sub-sector levels. …
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SOCIALLY RESPONSIBLE INVESTING AND FIRM PERFORMANCE: REVISITING THE EFFECT OF MATERIAL SUSTAINABILITY
… cash flows, access to finance, and cost of capital. I found that consistent with KSY (2016) findings, material ESG scores based on the 2014 SASB guideline for six sectors and 45 industries are significantly and positively associated with future accounting performance measured by ROS and ROA. …
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Development and international business : an application to India
… on development, especially in influencing capital allocation in the system. The emergence of cybercities in impoverished developing countries like India need to be analysed to appreciate the factors that will influence the trends in development - the success of such cities can be attributed …
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