Investment choices in industry
著者
書誌事項
Investment choices in industry
MIT Press, c1988
大学図書館所蔵 全34件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Based on author's theses (Ph. D.)
Bibliography: p. [177]-182
Includes index
内容説明・目次
内容説明
"Investment Choices in Industry" lays the groundwork for increasingly broader and more varied application of portfolio theory to the making of operating decisions in firms. Portfolio theory until now has been used mainly to allocate investments in financial assets such as stocks and bonds; here Constance Helfat extends the theory to evaluate the risk of nonfinancial investment decisions in firms. Analyzing the investment and R & D decisions of large oil companies, she uses portfolio theory as a tool to predict firm behavior and proposes that, when making internal resource allocations, firms seek not only to earn profits but also to minimize total firm investment risk as well.Helfat's study differs from existing work in a number of respects. The theoretical model it develops (an adaptation of the Tobin-Markowitz portfolio selection model of stock market investment) is highly comprehensive. It focuses on the composition of a firm's investment portfolio as well as on the risk and return characteristics of each individual investment. The model also incorporates the dependence of certain asset prices - such as those determined by auction - on internal firm covariance risk. Unlike many empirical studies, the method used in implementing the model relies on micro-level, projectspecific data to forecast ex ante risks and returns to firm investments.Finally, Helfat uses a unique data set - the Financial Reporting System of the U.S. Department of Energy - to analyze the composition of actual investment expenditures in the petroleum industry.Constance E. Helfat is Assistant Professor at the J. L. Kellogg Graduate School of Management at Northwestern University.
「Nielsen BookData」 より