Auflistung nach Autor "Weiss, Farina"

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    • Consumption-Portfolio Choice with Preferences for Cash 

      Kraft, Holger; Weiss, Farina (2018-07-12)
      This paper studies a consumption-portfolio problem where money enters the agent's utility function. We solve the corresponding Hamilton-Jacobi-Bellman equation and provide closed-form solutions for the optimal consumption ...

    • Growth Options and Firm Valuation 

      Kraft, Holger; Schwartz, Eduardo S.; Weiss, Farina (2013-11-01)
      "This paper studies the relation between firm value and a firm's growth options. We find strong empirical evidence that (average) Tobin's Q increases with firm-level volatility. The significance mainly comes from R&D firms, ...

    • Predictors and Portfolios Over the Life Cycle 

      Kraft, Holger; Munk, Claus; Weiss, Farina (2018-06-08)
      In a calibrated consumption-portfolio model with stock, housing, and labor income predictability, we evaluate the welfare effects of predictability on life-cycle consumption-portfolio choice. We compare skilled investors ...