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Now showing items 1-10 of 13
Experiment on individual investment decision making process
(2010-03-13)
This working paper reports an investigation into the decision making process of individual faced with a set of risky investment opportunities. An experiment was conducted on a set of students and the data generated from ...
Decision process of individuals under conditions of risk: an experimental study
(2010-03-19)
Theoretical models in finance are many a time based on unrealistic assumptions about the behaviour of individuals. Empirical validation of the models is expected to vindicate the assumptions. However, in most situations, ...
Investigation of decision criteria for investment in risky assets
(2010-03-19)
This paper examines the empirical validity of stochastic dominance rules and the mean-variance framework by analysing data generated through an experiment on individual investment decisions under uncertainty. The analyses ...
Target debt maintenance under alternative net present value specifications and implications for investment and finance decisions
(2010-03-22)
Two alternative specifications of weighted average cost of capital are prevalent in finance literature. Though both the specifications result in consistent accept/reject or ranking decisions the net present value arrived ...
Project is a compound - not a mixture conceptual problems in valuation
(2010-03-19)
There is considerable literature in the field of finance concerning the valuation of negative cash flows. Consequently, it is widely held that a project should be valued by valuing each component of the project's cash ...
Incidence of deferred tax due to depreciation: an empirical study
(2010-03-15)
Deferred tax arises due to difference in the reported income and taxable income. In India it is not obligatory for corporations to provide for deferred tax which results in mismatch of tax liability and pre-tax income. In ...
Application of markov chains to management of leasing
(2010-03-15)
The paper presents application of Markov Chains to management of leasing. The paper demonstrates that, despite low percentage of bad debts, there could be a significant reduction in the returns earned by a lessor because ...
Defective coin problem: an algorithmic analysis
(2010-03-14)
The defective coin problem involves identification of defective coin, if any, and ascertain the nature of t defect (heavier/lighter) from a set of coins containing at the most one defective coin, using an equal-ar -balance. ...
Investment allowance vs general tax reduction evaluation of policy option
(2010-03-14)
he paper evaluates the general tax reduction in lieu of investment allowance. The general tax reduction affects the tax rates and has universal impact, while investment allowance helps lower the tax base and thus, affects ...
Investment opportunities and Gordon's stock valuation model - a note
(2010-03-14)
The traditional stock valuation model incorporating growth opportunities, fails to recognise the investment opportunities constraint. As a result the conventional model fails to provide an optimum reinvestment ratio and ...