Finance and Strategic Management

Investment choices help maximize value creation. We can see from this that balanced investors have portfolios of risky assets which are combined with risk-free assets in different proportions. (Moenninghoff et al. 2015). Specifically according to the CAPM it must be proportional to the risk-free interest rate (corresponding to the length of the investment period) and to the difference between the expected rate of return on the market portfolio and the market return. However long-term investors have become a rare species and various factors (economic regulatory fiscal) have proven to have no incentive. Three typical scenarios are possible in this regard (Lemoine and Pavot 2009) in order of unpleasantness : (a) air gap (b) market effect with no lasting impact on the growth rate (c) effect on the level and rate of growth. Strategic investment management closely links strategy decision-making and resources. Investment is one of the decisions that deserves further research in order to open up in an original way (Mintzberg et al.).