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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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. Corporate governance and cost of equity: Effectiveness of employee welfare schemes: The system can’t perform the operation now. 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.

Andriotto and Teti have observed that in the light of the factorial analysis, many investors hold portfolios that are not fully diversified. Does the market reward for going green? European Journal of International Management 7 3, That there is a positive correlation between production costs and box office revenues costlier movies, involving famous actors and celebrated directors, usually sell more tickets in movie theaters.

Their combined citations are counted only for the first article.

Sustainability and value: a new research center at Bocconi

New articles by this author. The difficult balance between risk and return E Teti Management Decision 51 4, And this because you only need a couple of hugely successful movies e. The only problem with this is that neither 20th Century Fox nor any other operator in the industry would have been able to predict that the movie by James Cameron with Leonardo Di Caprio would become a blockbuster.

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.

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The Capital Asset Pricing Model CAPM still represents the reference model to assess the risk and return trade-off of an asset, due to its simplicity and its explicatory strength.

Federica Fusi January 15, at Only this way can engagement be developed, according to Sergio Picarelli, Bocconi bocconi and manager obcconi Adecco Group. Valore, impresa e sistema paese: Top corporate brands and the global structure of country brand positioning: What is the main message the analysis sends to prospective investors in the industry?

International Journal of Entrepreneurship 17, 99 Bocconi, in line with results of other researchers, they state that the key factors are the macroeconomic ones. However, in relative terms, as expressed by dispersion diagrams, there is a random causal relationship between production costs and actual returns the latter expressed as the difference between box office revenues and production costs and production costs themselves.

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Via Sarfatti 25 – Unpredictable Blockbusters – Opinion

And this for a simple reason: A future in which a hybrid system will emerge. Institutions, power, and coordination across stakeholders.

Journal of Management Development 34 6, 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.

This “Cited by” count includes citations to the following articles in Scholar. An example can speak better than a thousand words: And this correlation makes managerial decision-making is particularly arduous in the film industry.

Emanuele Teti | SDA Bocconi School of Management – Top Business School in Europe

McGraw-Hill Education Italy srl The following articles are merged in Scholar. Different scholars have tried to improve the CAPM considering that equity returns are affected by a variety of factors. New articles related to this author’s research. Market value and corporate debt: Competitive strategies and value creation: The answer lies in the fact that Hollywood Majors have been able to differentiate their products, by making very different, in terms of cost and content, productions co-exist.

Journal of Management Development 34 9, In fact, from the factorial perspective, the market could be explained as the biggest portfolio that could be built, in which all the existing factors join and diversify. The movie industry is among the most interesting to study from an economic and financial point of view. 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 objectives are all crucial.

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Investment Management and Financial Innovations 9 3, If you continue navigating on the site, please expressly accept the uses of these cookies. UN PRI and private equity returns. Even though the scholars have not tested the relating reasons, they believe that they can be multiple.

If diversification were perfect, the market explanatory factors should be the same as those explaining all other returns, then the market return could be – as defined by the CAPM – the unique key variable, being a proxy of all the other underlying factors. My profile My library Metrics Alerts. Why then has Hollywood expanded so much over the last decades, in spite of tetl high variance that makes the movie industry so unpredictable?

The frequency distribution of box office revenues is affected by an extremely high variance. For instance, irrationality could play a key role, and diversification level could vary depending on decision making process, asset selection theories, and also on insider trading.

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.

An offer they couldn’t refuse but probably should have: Emanueke 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.