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Theory of social returns in portfolio choice with application to microfinance

Dorfleitner, Gregor and Leidl, Michaela and Reeder, Johannes (2012) Theory of social returns in portfolio choice with application to microfinance. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 455, Working Paper.

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Abstract

We complement Markowitz portfolio theory by adding a social dimension. Every asset is assigned a social return, which is generally modeled as stochastic. We focus on the theoretical foundation and practical implications of portfolio choice with social returns. We apply the theoretical model to two different microfinance investments. First, we consider an investor who is risk-neutral in the social ...

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Item Type:Monograph (Working Paper)
Date:2012
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Research groups and research centres:Immobilien- und Kapitalmärkte
Classification:
NotationType
G11Journal of Economics Literature Classification
G21Journal of Economics Literature Classification
G32Journal of Economics Literature Classification
D64Journal of Economics Literature Classification
D81Journal of Economics Literature Classification
Subjects:300 Social sciences > 330 Economics
Status:Unknown
Refereed:Unknown
Created at the University of Regensburg:Yes
Owner: Michaela Leidl
Deposited On:23 Mar 2012 06:11
Last Modified:13 Mar 2014 18:43
Item ID:23628

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