TY - JOUR
T1 - Optimal production and portfolio investment decisions
AU - Landskroner, Yoram
PY - 1988/9
Y1 - 1988/9
N2 - This paper takes a further step towards the integration of the theories of production and finance under uncertainty. It sets up a continuous time‐diffusion process model of production by firms and portfolio investment by individuals and provides a simultaneous solution to these two decisions. The derived equilibrium conditions, being in the stockholders' interest, are specific in form, and are determined by two factors: attitudes of investors towards risk and the systematic risks of the firm.
AB - This paper takes a further step towards the integration of the theories of production and finance under uncertainty. It sets up a continuous time‐diffusion process model of production by firms and portfolio investment by individuals and provides a simultaneous solution to these two decisions. The derived equilibrium conditions, being in the stockholders' interest, are specific in form, and are determined by two factors: attitudes of investors towards risk and the systematic risks of the firm.
UR - http://www.scopus.com/inward/record.url?scp=84986817323&partnerID=8YFLogxK
U2 - 10.1002/mde.4090090307
DO - 10.1002/mde.4090090307
M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???
AN - SCOPUS:84986817323
SN - 0143-6570
VL - 9
SP - 221
EP - 225
JO - Managerial and Decision Economics
JF - Managerial and Decision Economics
IS - 3
ER -