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Theory of social returns in portfolio choice with application to microfinance
Dorfleitner, Gregor, Leidl, Michaela und Reeder, Johannes (2012) Theory of social returns in portfolio choice with application to microfinance. Journal of Asset Management 13 (6), S. 384-400.Veröffentlichungsdatum dieses Volltextes: 17 Sep 2012 12:21
Artikel
DOI zum Zitieren dieses Dokuments: 10.5283/epub.25893
Dies ist die aktuelle Version dieses Eintrags.
Zusammenfassung
We complement the 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 ...
We complement the 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 dimension and faces a small number of assets: an equity index, a bond index and a microfinance investment fund (MFIF). Second, we address the question of how MFIFs should allocate funds to microfinance institutions.
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| Dokumentenart | Artikel | ||||||||||||
| Titel eines Journals oder einer Zeitschrift | Journal of Asset Management | ||||||||||||
| Verlag: | Palgrave Macmillan | ||||||||||||
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| Band: | 13 | ||||||||||||
| Nummer des Zeitschriftenheftes oder des Kapitels: | 6 | ||||||||||||
| Seitenbereich: | S. 384-400 | ||||||||||||
| Datum | 2012 | ||||||||||||
| Institutionen | Wirtschaftswissenschaften > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner) | ||||||||||||
| Themenverbund | Immobilien- und Kapitalmärkte | ||||||||||||
| Klassifikation |
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| Dewey-Dezimal-Klassifikation | 300 Sozialwissenschaften > 330 Wirtschaft | ||||||||||||
| Status | Veröffentlicht | ||||||||||||
| Begutachtet | Ja, diese Version wurde begutachtet | ||||||||||||
| An der Universität Regensburg entstanden | Ja | ||||||||||||
| Dokumenten-ID | 25893 |
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