HYPERBOLIC ABSOLUTE RISK AVERSION
A means of measuring risk avoidance via a mathematical equation. It is part of the family of utility functions originally proposed by John von Neumann and Oskar Morgenstern in the late 1940s. Like their other theorems, HARA assumes that investors are rational, which is expressed as a desire to maximize final payouts while mitigating risk.
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Chaebol Structure
Business conglomerate structure creating global multinationals with large international operations. The Korean term chaebol means business family o ...
Back Charge
It is a billing that is created to collect the expenses that were incurred during the last billing period. It can be an adjustment because of error ...
Nationalization
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Headline Risk
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Dow Jones Sustainability United States Index
Market capitalization-weighted index encompassing US-based firms in the Dow Jones Sustainability North America Index, comprised of the leading 20% ...
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