Artikel
Capital allocation in decentralized businesses
This paper described a theory of capital allocation for decentralized businesses, taking into account the costs associated with risk capital. We derive an adjusted present value expression for making investment decisions, that incorporates the time varying profile of risk capital. We discuss the implications for business performance measurement.
- Sprache
-
Englisch
- Erschienen in
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Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 11 ; Year: 2018 ; Issue: 4 ; Pages: 1-11 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
- Thema
-
risk capital
capital allocation
decentralization
performance measurement
RAROC
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Turnbull, Stuart M.
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2018
- DOI
-
doi:10.3390/jrfm11040082
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Turnbull, Stuart M.
- MDPI
Entstanden
- 2018
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