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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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New articles related to this author’s research. European Journal of International Management 7 3, 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 bodconi a blockbuster.

As a result, the factorial model does not exclude the CAPM, quite the opposite it etti be a key contribution for asset pricing and asset allocation theories.

EMANUELE TETI – Universita’ Bocconi

It must be stressed that, although some factors have high recurrence, the level of diversification is not always optimal. Journal of Business Economics and Management 15 4, The authors hold that this conclusion represents a crucial junction with the CAPM.

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. 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. 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.


International Journal of Entrepreneurship 17, 99 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.

If you continue navigating on the site, please expressly accept the uses of these cookies. Institutions, power, and coordination across stakeholders. The novelty of the work is represented by the identification of the key explanatory factors for each boccnoi the 9, historical series examined. New citations to this author. My profile My library Metrics Alerts.

The frequency distribution of box office revenues is affected by an extremely high variance. In practical terms, this means that the average revenues of a movie company are not predictors of future revenues coming from new productions.

Unpredictable Blockbusters

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. 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.

Competitive strategies and value creation: Why then has Hollywood expanded so much over the last decades, in spite of the high variance that makes the movie industry so unpredictable? Journal of Management Development 34 6, The dark side of the movie.

The movie industry is among the most interesting to study from an economic and financial point of view. Effectiveness of employee welfare schemes: 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. The system can’t perform the operation now. An offer they couldn’t refuse but probably should have: Furthermore, in line with results of other researchers, they state that the key factors are the macroeconomic ones.


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. 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.

Only this way can engagement be developed, according to Sergio Picarelli, Bocconi alumnus and manager of Adecco Group. Avatar in the 00s or E.

Knowledge Bocconi – Learning to Invest through Factors – Finance

If you continue navigating on the site, please expressly bcoconi the uses of these cookies. Even though the scholars have not tested the relating reasons, they believe that they can be multiple.

Articles 1—20 Show more. 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. It sounds incredible, but it actually happens in the film industry.

McGraw-Hill Education Italy srl Top corporate brands and the global structure of country brand positioning: The following articles are merged in Scholar. This “Cited by” count includes citations to the following articles in Scholar.