... are not explicitly constructed and the MODWT is performed via a pyramidal algorithm. Anyssa Trimech can be contacted at: trimech.anyssa@yahoo.fr © Emerald Group Publishing Limited 2009 Stock markets France Capital asset pricing model Investment appraisal The main concern of investors...

... Corporate strategy Risk management Investment appraisal Capital budgeting In modern financial management, managers are required to allocate pre‐determined capital among multiple projects to diversify corporate risk. In capital budgeting, therefore, corporate risk management becomes critical when...