Performance-sharing optimization by risk-constrained equity investors
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DOI: 10.1016/j.frl.2020.101527
Abstract: Abstract An investment project may be capital constrained when its risk exceeds the risk limit of prospective investors. We propose a new equity-contract in which the project’s performance-sharing across investors respects the individual investor’s risk… read more here.
Keywords: risk; constrained equity; risk constrained; performance ... See more keywords