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Investment Decisions on Illiquid Assets
Jaroslaw Morawski
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Description for Investment Decisions on Illiquid Assets
Paperback. Num Pages: 438 pages, 16 black & white tables, biography. BIC Classification: KFF; PBUD. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 24. Weight in Grams: 677.
The Portfolio Selection Model developed by Markowitz in the 1950s offers a theore- cally founded approach to combining securities into a utility-optimizing investment portfolio, that is, a portfolio leading to the best possible trade-off between the expected return and investment risk. However, when applied in practice, the model often rea- es its limits as soon as certain central assumptions are not fulfilled. This holds es- cially for the assumption of perfect liquidity of all assets in the portfolio, that is, the ability of selling or buying any of these assets at any time immediately and without influencing its market price. ... Read more
The Portfolio Selection Model developed by Markowitz in the 1950s offers a theore- cally founded approach to combining securities into a utility-optimizing investment portfolio, that is, a portfolio leading to the best possible trade-off between the expected return and investment risk. However, when applied in practice, the model often rea- es its limits as soon as certain central assumptions are not fulfilled. This holds es- cially for the assumption of perfect liquidity of all assets in the portfolio, that is, the ability of selling or buying any of these assets at any time immediately and without influencing its market price. ... Read more
Product Details
Format
Paperback
Publication date
2008
Publisher
Springer Fachmedien Wiesbaden Germany
Number of pages
438
Condition
New
Number of Pages
438
Place of Publication
Wiesbaden, Germany
ISBN
9783834910042
SKU
V9783834910042
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Jaroslaw Morawski
Dr. Jaroslaw Morawski promovierte bei Prof. Dr. Heinz Rehkugler am Lehrstuhl für Finanzwirtschaft und Banken der Universität Freiburg. Er ist als Immobilien-Researcher bei RREEF Alternative Investments tätig.
Reviews for Investment Decisions on Illiquid Assets
Die Arbeit wurde mit dem gif Immobilien-Forschungspreis 2008 ausgezeichnet.