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THE COMPARISON AND SELECTION OF INVESTMENT PROJECTS: A NEW STANDARDIZED RISK MEASURE.

Authors :
Ping Li
Chulin Li
Jianping Wan
Source :
Engineering Economist. 2003, Vol. 48 Issue 2, p127. 25p.
Publication Year :
2003

Abstract

Proposes a standardized risk measure on the basis of the target return of drawdown criterion and investors. Expected loss of value in the required target return; Methods of measuring risk of an investment; Overview of a mean-variance analysis in which variance is used as the risk measure; Expression of the measure under some specific return distributions.

Details

Language :
English
ISSN :
0013791X
Volume :
48
Issue :
2
Database :
Academic Search Index
Journal :
Engineering Economist
Publication Type :
Academic Journal
Accession number :
10021959
Full Text :
https://doi.org/10.1080/00137910308965056