Investment Approach Research Articles

How does mutual ownership affect insurance investments?

This paper aims to explore the extent to which mutual and cooperative insurers contribute to insurance sector investment structures in different European Union (EU) member states. Does a higher share of mutual or cooperative insurers drive and influence different structures of insurance investments? This paper applies a panel data methodology to annual data on the structure of insurance investments of selected EU member states, data on the share of mutual and cooperative insurers, selected insurance, financial sectors, and macroeconomic indicators. The results and discussion in this paper emphasise drivers of insurance investment with a special focus on mutual ownership. This paper contributes to research on the mutual and cooperative investment approach and their potential contribution to the community and economic development.

Investigation on the Investment Value of LVMH Moet Hennessy Louis Vuitton Company

The investment value of a company is an essential aspect that is considered by investors before making investment decisions. This analysis focuses on the investment value of LVMH Company, a French indulgence goods multinational corporation. Factors that influence the investment value of a company are examined which include financial performance, market position, management quality, and external environmental factors such as regulatory and economic conditions. The analysis also explores different investment approaches, such as fundamental analysis, technical analysis, and quantitative analysis, and how they can be used to evaluate a company's investment value. The analysis examines various factors that affect LVMH's investment value, including financial performance, market position, brand strength, management quality, and external environmental factors such as economic and regulatory conditions. The analysis also explores the company's growth strategy, including its focus on expanding in emerging markets and through acquisitions. Furthermore, the analysis assesses LVMH's valuation based on different investment approaches, such as fundamental analysis, technical analysis, and quantitative analysis. Additionally, the potential risks and challenges faced by LVMH are discussed, including the impact of global economic conditions, the competitive landscape, and geopolitical risks. Overall, this analysis aims to provide investors with a comprehensive understanding of LVMH's investment value and potential investment opportunities and risks associated with the company. The paper will analyze the company's investment value by conducting a financial valuation analysis, SWOT analysis, and a competitive landscape. The analysis will also emphasize the significance of thorough research and analysis in making informed investment decisions.

The limits of social investment and the resilience of long-term care

This article investigates the extent to which a social investment paradigm has guided policy reforms in long-term care for the elderly in France and the Netherlands and how this relates to the resilience of the sector during the Covid-19 pandemic. It conceptualizes the theoretical impact of social investment on long-term care policy and analyzes its use to justify reforms since the early 2000s. It concludes that social investment has not played any role in Dutch long-term care reforms and a moderate role in France. Meanwhile, in both countries a neoliberal emphasis on the efficiency of the market has contributed to a rise in for-profit service provision and fragmentation of the long-term care sector. While long-term care provision in both countries proved relatively resilient in the first phase of the pandemic, at a later stage its resilience was undermined by fragmentation and marketization, limiting the government's ability to respond adequately to new challenges and, crucially, to improve working conditions in the sector. The article concludes that a social investment approach cannot resolve these problems and that there is a need for a new paradigm that acknowledges the inherent value of care work and prioritizes the long-term sustainability of care provision.

The marble cake of social services in Italy and Spain: Policy capacity, social investment, and the national recovery and resilience plans

This article analyses the potential implications of the COVID-19 pandemic for the infrastructure of social services in Italy and Spain. Drawing from the policy capacity framework and focusing on childcare and elderly care, we investigate how the National Recovery and Resilience Plans are likely to impact the core functions of the social investment approach. Through document analysis, the article shows that, whereas the infrastructure of the social service system remains characterised by a ‘marble cake’ type of institutional arrangement combining national and subnational responsibilities, attempts have been made by the central governments to steer the social investment policy capacity at the organisational and systemic levels. We argue that the pandemic represents a window of opportunity to rethink the overall system of intergovernmental relations in the field of social services.

Missing finance in social impact bond research? A bibliometric overview between past and future research

AbstractThis paper provides a bibliometric review of 156 articles published between 2011 and 2021 on social impact bonds (SIBs). We identified five research streams, namely studies that: (i) place the origins of SIBs in the neo‐liberalism framework; (ii) consider SIBs as an evolution of the new public management approach; (iii) focus on conceptualizing SIBs as an impact investment approach rooted in the social finance landscape; (iv) look at SIBs as a funding source for social entrepreneurship; and (v) detect an emerging phenomenon labeled as sustainable financial partnerships for the SDGs. Our results suggest that the current literature is strongly based on those that we have defined as a sort of UK influence, which is dominating the scientific perspective and the current use of SIBs, and that there is still less “finance‐based” research in this field. We conclude by proposing areas for future research.

Direct or Indirect? Implications of the retailer’s investment choices on the manufacturer’s encroachment strategy

Nowadays, retailer investment is becoming increasingly prevalent in real life. This paper focuses on a retailer’s optimal investment strategy selection problem in a game model consisting of a manufacturer and a retailer. The manufacturer may establish a direct selling channel. For the same amount of money, the retailer has two investment choices: indirect investment through investing in upstream manufacturer’s equity or direct investment through investing directly in its retail channel marketing. We compare the equity investment case and the channel investment case to identify the optimal investment decisions and investigate the behavior patterns of the manufacturer and the retailer in both cases. The following results are obtained. First, instead of the frequently researched investment approach — channel investment, which is always an effective anti-encroachment measure for the retailer, the equity investment may promote the establishment of the manufacturer’s direct selling channel. Second, the retailer may benefit from manufacturer encroachment in the case of equity investment. In contrast, the retailer will get hurt once encroachment occurs under the channel investment case. Finally, the retailer’s optimal investment strategy critically depends on the difficulty between equity investment and channel investment. Particularly, the investment approach with a higher investment difficulty will be the best choice for the retailer.

Islamic Social Funds to Foster Yunusian Social Business and Conventional Social Enterprises

This paper proposes an integrated, comprehensive financial model that can provide startup capital to socially committed business ventures, such as social enterprises and Yunus Social Business (YSB), by using Islamic social funds (ISFs), Zakat (almsgiving), Waqf (endowments), Sadaqat (charity), and Qard Hasan (interest-free benevolent loans). The literature review method was adopted to explain this model’s architecture, applications, implications, and viability. On the basis of logical reasoning, it concludes that ISFs can yield greater social wellbeing if utilised in SEs and YSB than in unconditional charity because both business models work for social betterment in entrepreneurial ways while remaining operationally self-reliant and economically sustainable. Additionally, ISFs can complement Yunus Social Business’s zero-return investment approach to make it more robust towards social contributions. The implementation of the model orchestrated in this paper would enhance societal business practices and, hence, scale up social wellbeing while helping rejuvenate pandemic-stricken economies. It paves the way for new research too.

INNOVATION-ORIENTED STRATEGY FOR INCREASING THE COMPETITIVENESS OF FOOD INDUSTRY ENTERPRISES

The development and implementation of an innovation-oriented strategy are essential for solving the problem of ensuring a consistently high competitive position of food industry enterprises. Taking this into account, they are faced with the need to choose the right strategy for increasing competitiveness, which should be based on using innovative and investment approaches to determine the development vector. The article aims to substantiate approaches to the choice of an innovation-oriented strategy for increasing the competitiveness of food industry enterprises. The research results obtained in the report are based on economic and systemic methods, methods of strategic analysis, and systematic and logical approaches. The article discusses approaches to developing and implementing an innovation-oriented strategy for increasing the competitiveness of food industry enterprises. The model of such a strategy, in general, should provide for the use of a systematic approach and hierarchical subordination of strategic goals, priorities, and objectives of the strategic plan. It has been substantiated that combining competitive and innovative aspects of development into a single concept provides for modifying basic strategies for a food company. The presence of a wide range of alternatives has been revealed, necessitating the development of systems that allow considering the formation of the strategy of food industry enterprises from two positions: the competitive position of the enterprise in the market and the level of development of its innovative potential. Based on the modification of the McKinsey / General Electric model, various combinations of the competitive position of food industry enterprises and their creative capabilities were obtained. The matrix method made it possible to identify alternative options for an innovation-oriented strategy for increasing competitiveness, depending on the positioning of individual subsectors for a different combination of these characteristics. The positions of individual subsectors of the food industry have been established to develop recommendations for choosing the optimal strategy option. Keywords: competitive potential, competitiveness, innovation potential, strategy, food industry enterprises.

Planning third generation minigrids: Multi-objective optimization and brownfield investment approaches in modelling village-scale on-grid and off-grid energy systems

Access to reliable and sustainable electricity is still precluded for a large share of global population living in rural areas of developing countries, especially in sub-Saharan Africa. Hybrid microgrids are considered a suitable solution for providing affordable and reliable access to electricity to isolated communities. Properly planning and sizing such systems is although an aspect that can greatly influence the sustainability of the intervention, and the arrival to the market of the third generation minigrids poses new challenges to the process. Three main challenges are identified as pivotal for the proper sizing of new generation microgrids: arrival of the main grid, inappropriateness of Net Present Cost as only objective function in the strategy selection process, and necessity to operate on already existing minigrids. Such aspects are addressed in this work by proposing a methodological advancement to an existing open-source microgrid sizing model: a grid outage model alongside the definition of new constraints and variables for the optimization problem with grid-connected microgrids, a multi-objective optimization option, and a brown-field optimization option. The new version of the model is tested on real life case studies in rural Rwanda (greenfield) and Mozambique (brownfield), proving the profitability of grid-connected and grid-extension solutions for sufficiently low connection distances. Sensitivity analyses are performed to assess variations in system size, cost and CO2 emissions with respect to microgrid and grid connection parameters.

Research on the Markowitz Model-based Stock Investment Approach

In the world of financial investments, risk is one of the hottest subjects, and diversifying your investment portfolio is one of the best ways to do so. When choosing investments, consumers always aim to reduce risk while maintaining a specific rate of return. The risk and return on a portfolio are discussed using mathematical and statistical techniques. It is made clear that there are two types of risk: systematic risk and unsystematic risk, the latter of which can be diversified through a portfolio. Since 2019, the Covid-19 epidemic in the United States has had variable degrees of impact on different businesses. Others have been stimulated while many industries have stagnated. This article examines the effects of the pandemic on the global healthcare industry while concentrating on the medical stock market. Using the investing database, each medical company's data was examined. The Markowitz model is used to study two time periods before and after the outbreak. According to specific real-world circumstances, this conclusion can assist investors in making the best investment choices for risky investment portfolios.

Portfolio Selection Based on a Four-Dimensional Weighted Scoring Model

Although factor investment approaches are currently receiving a lot of attention, active investment strategies rarely apply the combination of different factors. This paper's major goal is to utilise a clearly defined model to assess if the portfolio chosen by the model offers superior total returns compared to standard indexes (S&P 100 is taken as an example in this article). The author constructs a weighted scoring model combing different indicators to well demonstrate four factors based on the identification of valuation, profitability, growth and pay-out. This paper collects data of high-capitalization corporates in US during the period from 2015 to 2021 to illustrate that an active management portfolio well designed by the weighted scoring model can outperform competing index strategies. The reported results illustrate that combined precisely weighted indicators deliver significant outcome of selected stocks, especially in the long-term condition. The 5-year return of the selected portfolio, which is determined by the model constructed, delivers the outstanding performance with returns of up to about 180%.

Pricing of Asian Options on Tesla Based on BSM model

Due to the interaction of the changes in the world political situation and the influence of the global epidemic, the world economy has entered a period of instability and turmoil. This can be an opportunity for people who would like to make an investment. However, without adequate research and good preparation, they may face huge losses. Therefore, this research shows how to choose a reasonable investment approach for a particular market. To be more specific, the research topic of this paper is to show how Asian put options work well in Tesla Market, and the methods of this study include the BSM model, sensitivity analysis, and making a comparison of the Asian options with the European options. Then, the results could be seen that the Asian options will be a more affordable and less risky investment strategy for the Tesla market which is a market with high volatility. Thus, to invest in a market in the current society, it is better for investors to make a clear understanding of their target income and then make multifaceted research. As a result, the investor could reduce their unnecessary losses.

Investment approach to local development strategy methodology

Investment approach to local development strategy methodology

Contemporary European Welfare State Transformations and the Risk of Erosion of Social Rights: A Normative Analysis of the Social Investment Approach

Over the last decades, there has been a huge debate on the transformations of the European Welfare State. The issue of its financial sustainability together with the emergence of new social risks has put under pressure the traditional model of social protection and created the conditions for a change in the gist of the welfare state provisions. In this context, the social investment approach has become an emerging reference paradigm to tackle new social risks and meet the need to recalibrate the European welfare state and ensure its economic sustainability. However, despite this success, social investment still seems to be a rather ambiguous concept, too vague to result in precise and univocal policy prescriptions and open to the risk of a stretch of its interpretation by neoliberal politics, to erode social rights. In this paper we propose a theoretical framework to better clarify the normative ground, the moral foundation and political justification of the social investment approach and to understand whether it can avoid the risk of the erosion of social rights.

A Theoretical, Historical, and Socio-Economic Case for Saving Lives through Strategic Improvement of Mental Health Systems around the World

Introduction: Comparing mental health systems between different countries illuminates the potential for change by showing us different approaches exist in the global here and now. Globally, people are suffering and dying daily from untreated mental health conditions and those working in these systems have to live in this reality. Purpose: The purpose of this paper is to examine how stigma, underfunding, deficits in best practices, confusing systems, and failed strategic planning are all variables causing systems’ deficits that have people unnecessarily suffering and dying around the world. Methodology: To make the case for change, we use critical analysis to examine mental health systems through an analytic framework that includes history, systems investment, and general treatment approaches. We review mental health care systems through theories of structural functionalism, conflict, social dynamics, and socio-economic asset development. Results: The historical examination provides vital systems-development insight while the systems investment examination delves into the overall funding structures and strategies of each country. Theoretical analysis reveals how problems seem intractable, but also how progress is always possible. Conclusion: This examination informs critically thinking advocates, through historical and theoretical lenses, to generate precise calls for win-win strategies that can be individualized per World Health Organization and other advancing treatment recommendations

Impact Investing in Ghana: A Multiple-Case Study

Contrary to extant studies on impact investing, which provide understanding from a demand-side perspective, this study changes this perspective by exploring the approach to impact investing from a supply-side viewpoint. Using a multiple-case study design and qualitative data from two Ghanaian impact investment organisations, significant strides are made to the limited but growing impact investment literature by providing in-depth descriptive account based on three dimensions: (i) funding approach, (ii) engagement approach, and (iii) exiting approach. Our findings provide evidence of an impact investment approach characterised by the concurrent motive of financial and social/environmental returns, longer time horizon, and engagement or provision of non-financial support. We conclude that this approach leverages the tools of venture capital to realise social or ecological purposes. The findings can potentially assist investors and entrepreneurs to make informed decisions to navigate the complexity surrounding the emerging impact investment environment in Ghana and economies of similar nature. Additionally, it will aid in developing explicit policies to regulate the sector, increase its awareness, and widens its appeal and use to serve the intended purpose of addressing social and environmental problems.

Оценка налогового потенциала территории при реализации государственных программ стимулирования бизнеса

This study addresses the challenge of aligning state support, primarily in the form of national projects, with the development of small and medium-sized businesses. The realization of this task, however, is hampered by the existing tax legislation. The aim of this study is to assess the tax potential of a particular region (Sverdlovsk region, Russia) within the broader framework of regional development initiatives. The study relies on a variety of methods, including fiscal, resource-based, institutional, inter-budgetary, productive, reproductive, and transactional methods for assessing the tax potential of the region. Additionally, the study compares these methods and shows the need to expand the theoretical framework to include systemic and investment approaches. The former considers factors such as the regional shadow economy and state influence in assessing the tax base, while the latter focuses on financial capabilities, income sources, and the potential for expanding the tax base. The investment approach aims for a synergetic effect through state subsidies, attracting investments, boosting the gross regional product, and setting the limits for tax potential growth. The article presents findings from modeling the tax potential and assessing its evolution when applying a specially designed subsidized taxation system for Sverdlovsk region. It also offers insights into the anticipated increase in tax revenues for businesses and individual entrepreneurs in Sverdlovsk region resulting from the implementation of this tax system. The findings demonstrate that the implementation of this taxation system, particularly for small businesses, is projected to increase the tax potential of Sverdlovsk region by 2.54 % by 2024 when compared to the baseline year of 2021. These results can serve as a foundation for further research on the accumulation and activation of tax potential in various regions and offer valuable insights for regional authorities in their decision-making processes.

面向生态产品价值实现的生态修复市场化投入研究进展

PDF HTML阅读 XML下载 导出引用 引用提醒 面向生态产品价值实现的生态修复市场化投入研究进展 DOI: 10.5846/stxb202202130345 作者: 作者单位: 作者简介: 通讯作者: 中图分类号: 基金项目: 中国科学院战略性先导科技专项（XDA20020402）；国家自然科学基金项目（42171088）；中央高效基本科研业务费专项 Research progress on the market-oriented investment in ecological remediation for the realization of ecological product value Author: Affiliation: Fund Project: 摘要 | 图/表 | 访问统计 | 参考文献 | 相似文献 | 引证文献 | 资源附件 | 文章评论 摘要:充足稳定的资金是国土空间生态修复顺利开展重要保障。然而，政府投资作为生态修复的主要资金来源，存在资金缺口大、项目周期短等问题，亟需探索面向生态产品价值实现的生态修复市场化投入逻辑。针对生态产品价值实现的市场化路径，建立了"生态修复对象-生态产品类型-近远程效益-投资方式"为分析步骤的生态修复市场化投入逻辑框架，从投资方式角度分析了国内外生态修复市场化投入的研究进展。基于国内生态产权界定模糊、生态产品价值体现不明显、市场化投入机制不完善等问题，今后有必要重点研究建立体现价值实现路径的生态资产评估体系、识别面向不同购买主体的生态产品价值实现模式、模拟以价值流为纽带的生态产品空间纽带关系、凝练基于自然的区域解决方案引导市场投入。 Abstract:Ecological restoration of territorial space is an important way to practice the concept of ecological civilization and realize the construction of ecological civilization. Sufficient and stable funds are important guarantee for the implement of ecological restoration of territorial space. However, as the main source of funds for ecological restoration, government investment has problems such as large funding gap and short project duration. Market investment can transform the achievements of ecological restoration of territorial space into ecological products with social, economic and ecological value while giving full play to the guarantee of funds. Therefore, it is urgent to explore a market-oriented investment logic for ecological restoration oriented to the realization of ecological product value. This study sorts out the conceptual connotations and related theories related to the market-oriented investment in ecological restoration of territorial space. This study summarizes the market-oriented investment model of ecological restoration from three perspectives:ecosystem types, investment approach and the short term and long term of ecological restoration benefits. Aiming at the marketization path of ecological product value realization, this study establishes a logical framework for ecological restoration marketization investment with the demonstration steps of "ecological restoration object-ecological product type-short term and long term benefit-investment approach". From the perspective of investment methods (government + green finance pattern and government + market investment (PPP) pattern), we analyze the research progress of market-oriented investment in ecological restoration. Based on the vague definition of ecological property rights in China, the inconspicuous reflection of ecological product value, and the imperfect market-oriented investment mechanism, it is necessary to focus on the establishment of an ecological asset evaluation system that reflects the value realization path, the identification of ecological product value realization modes for different purchasers, the simulation of the spatial relationship of ecological products linked by value flow, and the exploration of nature based regional solutions to guide market-oriented investment. Specifically, when establishing an ecological asset evaluation system that reflects the value realization path, we should consider the willingness of land participants and utilization stakeholders; when identifying ecological product value realization modes for different purchasers, we should ensure the sustainability and diversity of purchasers on this basis of ensuring the output of ecological products; when simulating the spatial relationship of ecological products linked by value flow, we should calculate the overall benefit based on the value based nexus relationship; when exploring the nature based regional solutions to guide market-oriented investment, we should nest the main functional regions in the existing ecological functional regions and ecological restoration regions, identify market demands guided by society, population, economy and industrial structures, and identify ecological products with regional characteristics. 参考文献 相似文献 引证文献

Investment approach, predictability and mediating effect of the market profitability index on investor sentiment on the West African Regional Stock Exchange

Investment approach, predictability and mediating effect of the market profitability index on investor sentiment on the West African Regional Stock Exchange

Can the ladder of investment approach make on-track competition sustainable in the railway market? A study of asymmetric infrastructure access charges

The gradual liberalisation of the EU railway market, which began in the early 2000s, has entered its final phase with the formal opening of national markets for commercial passenger transport. However, the level of competition established in some countries is still not sufficient to increase passenger welfare. Based on the previous experience, this phenomenon stems from high barriers to entry for new operators, such as high sunk costs, relatively high infrastructure train access charges (TAC) for commercial passenger traffic, and competition between asymmetric participants, where the incumbent still dominates the market. One of the solutions to improve the conditions for entry is asymmetric market regulation, used in the telecommunications sector. The asymmetric access regulation is based on lower TAC for entrants than for incumbent for a limited period, which is part of the ladder of investment (LOI) approach. In principle, the current EU regulatory framework requires equal and non-discriminatory TAC for all railway operators which provide similar services in a similar market segment with similar infrastructure quality. Any deviation from this principle must be justified. In practice, infrastructure managers (IM) often charge much higher TAC than the marginal cost of using the infrastructure for long-distance passenger traffic because that market can absorb this higher cost. This does not leave much possibility for entry or survival of potential entrants in the passenger market segment. Therefore, this paper will present a duopoly competition model between asymmetric on-track competitors within the commercial passenger transport market segment. We will explain the pros and cons of the introduction of asymmetric access regulation as an essential package of market entry strategy to establish sustainable competition for commercial passenger railway transport services.