Visualizza il profilo completo di Emanuele Teti. È gratis! I tuoi colleghi, compagni di studi e oltre milioni di professionisti sono iscritti a LinkedIn. Visualizza il. Emanuele Teti. Bocconi University Milan. Verified email at Corporate E Teti, F Perrini, L Tirapelle. Journal of Management Development 33 (10). Emanuele Teti, Bocconi University, Finance Department, Department Member. Studies Cultural Heritage Management, Cultural Policy, and.

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An example can speak better than a thousand words: International Journal of Entrepreneurship 17, 99 Furthermore, in line with results of other researchers, they state that the key factors are the macroeconomic ones.

Investment Management and Financial Innovations 9 3, The frequency distribution of box office revenues is affected by an extremely high variance. UN PRI and private equity returns. Corporate governance and cost of equity: Journal of Management Development 34 6, A future in which a hybrid system will emerge.

The authors have built a ranking of factors through recurrence and impact measures, and then they have formulated some assumptions behind the diversification level of investors.

The following articles are merged in Scholar. The European Economic Association, on December 6 and 7, will hold the first edition of the job market for young economists searching for a job in academia, central banks and private institutions. Paradoxically, 20th Century Fox would have still been profitable in with Titanic only, even if all its other movies had been total box office flops.

Institutions, power, and coordination across stakeholders. Email address for updates. Andriotto and Teti have observed that in the light of the factorial analysis, many investors hold portfolios that are not fully diversified.


Unpredictable Blockbusters

Starting from a sample of 4, movies shown in US cinemas from toI performed econometric testing on a dataset of 1, films, which excludes the numerous outliers which would have caused biased estimates. As a result, the factorial model does not exclude the CAPM, quite the opposite it could be a key contribution for asset pricing and asset allocation theories.

And this because you only need a couple of hugely successful movies e. To develop genuine trust between companies and their employees, transparency, personal growth, the quality of the work environment and company benefits, worktime flexibility, and the sharing of emanhele are all crucial.

Competitive strategies and value creation: Market value and corporate debt: What is the main message the analysis sends to prospective investors in the industry? The movie industry is among the most interesting to study from an economic and financial point of view.

This situation makes it possible to further reduce risk for the same return or increase return for the same risk through an optimization process first based on the diversified selection of underlying factors rather than asset selection. An offer they couldn’t refuse but probably should have: And this correlation makes managerial decision-making is particularly arduous in the film industry.

Knowledge Bocconi – Learning to Invest through Factors – Finance

The system can’t perform the operation now. Top corporate brands and the global structure of country brand positioning: The glamor surrounding the film industry fades away fast, if you are in the position of being a manager who has to decide in which movies to invest. In practical terms, this means that the average revenues of a movie company are not predictors of future revenues coming from new productions.


My profile My library Metrics Alerts. The novelty of the work is represented by the identification of the key explanatory factors for each of the 9, historical series examined. The authors hold that this conclusion represents a crucial junction with the CAPM.

Federica Fusi January 15, at That there is a positive emanuwle between production costs and box office revenues costlier movies, involving famous actors and celebrated directors, usually sell more tickets in movie theaters.

Private equity and enterprise growth: Different scholars have tried to improve the CAPM considering that equity returns are affected by a variety of factors. If you continue navigating on the site, please expressly accept the uses of these cookies.

However, in relative terms, as expressed by dispersion diagrams, there is a random causal relationship between production costs and boconi returns the latter expressed as the difference between box office revenues and production costs and production costs themselves.

Being ready to travel on the job offers several career advantages, but in Italy women face obstacles because of the country’s culture about their presumed family obligations. The difficult balance between risk and return E Teti Management Decision 51 4,