When Does Information Asymmetry Affect the Cost of
... lowest (highest) values of the proxy to most resemble imperfect (perfect) competition. Then we sort firms into five quintiles based on a proxy for the degree of information asymmetry. Although it is difficult to directly observe the level of information asymmetry, we expect the quintile with the low ...
... lowest (highest) values of the proxy to most resemble imperfect (perfect) competition. Then we sort firms into five quintiles based on a proxy for the degree of information asymmetry. Although it is difficult to directly observe the level of information asymmetry, we expect the quintile with the low ...
Is Bitcoin a Security?
... Although Section 4(a)(1) of the Securities Act provides for certain transactions in securities without a registration statement’s being in effect, these permitted transactions fall into narrow categories and their requirements must be strictly adhered to in order for them to apply.32 For example, tr ...
... Although Section 4(a)(1) of the Securities Act provides for certain transactions in securities without a registration statement’s being in effect, these permitted transactions fall into narrow categories and their requirements must be strictly adhered to in order for them to apply.32 For example, tr ...
TORTOISE CAPITAL RESOURCES CORP (Form: N
... generally produce stable cash flows as a result of their fee-based revenues and limited direct commodity price risk. Our goal is to provide our stockholders with a high level of total return, with an emphasis on dividends and dividend growth. We invest primarily in the equity securities of companies ...
... generally produce stable cash flows as a result of their fee-based revenues and limited direct commodity price risk. Our goal is to provide our stockholders with a high level of total return, with an emphasis on dividends and dividend growth. We invest primarily in the equity securities of companies ...
How Do Mergers Create Value? A Comparison of Taxes, Market
... combined firm could benefit from economies of scale and scope and reduce operating costs and/or capital investments, thus improving cash flow. Several previous studies use either ex post accounting performance or plantlevel productivity data to infer the existence of operating improvements and provide ...
... combined firm could benefit from economies of scale and scope and reduce operating costs and/or capital investments, thus improving cash flow. Several previous studies use either ex post accounting performance or plantlevel productivity data to infer the existence of operating improvements and provide ...
Hereford-Funds-Semi-Annual-report-31.03.2014 1
... No subscriptions can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the current prospectus and key investor information documents accompanied by the latest available annual report and semi-annual ...
... No subscriptions can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the current prospectus and key investor information documents accompanied by the latest available annual report and semi-annual ...
Prudential Standard APS 330 Public Disclosure
... This Prudential Standard requires a locally incorporated authorised deposit-taking institution (ADI) to meet minimum requirements for the public disclosure of information on its capital, risk exposures, remuneration practices and, where applicable, its leverage ratio, liquidity coverage ratio and in ...
... This Prudential Standard requires a locally incorporated authorised deposit-taking institution (ADI) to meet minimum requirements for the public disclosure of information on its capital, risk exposures, remuneration practices and, where applicable, its leverage ratio, liquidity coverage ratio and in ...
Capital Flows are Fickle: Anytime, Anywhere 183 WP/13/
... persistence of capital flows. The differences in the behavior of flows either across economy groups, or types of flows are not that significant. This is an important perspective for policymakers as they seek to manage and live with capital flows going forward. As emerging markets become more financi ...
... persistence of capital flows. The differences in the behavior of flows either across economy groups, or types of flows are not that significant. This is an important perspective for policymakers as they seek to manage and live with capital flows going forward. As emerging markets become more financi ...
Financial Accounting and Accounting Standards
... Resources to acquire or construct major capital facilities. Resources for the acquisition include 1) proceeds of long-term debt issues, 2) grants or payments from other governmental units, 3) funds from private sources, 4) transfers from other governmental funds, 5) special assessments, and 6) other ...
... Resources to acquire or construct major capital facilities. Resources for the acquisition include 1) proceeds of long-term debt issues, 2) grants or payments from other governmental units, 3) funds from private sources, 4) transfers from other governmental funds, 5) special assessments, and 6) other ...
The relationship between government bond yields and the market
... decisions and the AER’s October 2015 preliminary decisions. b. The AER’s own Wright estimates indicate that the MRP has risen materially between the Guideline, the AER’s November 2014 draft decisions and the AER’s October 2015 preliminary decisions. c. After reviewing an analysis of earnings yields ...
... decisions and the AER’s October 2015 preliminary decisions. b. The AER’s own Wright estimates indicate that the MRP has risen materially between the Guideline, the AER’s November 2014 draft decisions and the AER’s October 2015 preliminary decisions. c. After reviewing an analysis of earnings yields ...
Emerging Equity Markets in a Globalizing World
... By the beginning of 2012, the market capitalization weight for emerging markets according to MSCI is 12.6%. The FTSE benchmark market capitalization weight for emerging markets was 11.5%. The difference between FTSE and MSCI has to do with the countries that are classified as “emerging”. The most ...
... By the beginning of 2012, the market capitalization weight for emerging markets according to MSCI is 12.6%. The FTSE benchmark market capitalization weight for emerging markets was 11.5%. The difference between FTSE and MSCI has to do with the countries that are classified as “emerging”. The most ...
Are Share Repurchases and Dividends Substitute
... Furthermore, while share repurchase expenditures grew at an average annual rate of 26.1% over the period 1980-2000, dividends only grew at an average annual rate of 6.8%. As a consequence of these large differences in growth rates, share repurchases as a percentage of total dividends increased from ...
... Furthermore, while share repurchase expenditures grew at an average annual rate of 26.1% over the period 1980-2000, dividends only grew at an average annual rate of 6.8%. As a consequence of these large differences in growth rates, share repurchases as a percentage of total dividends increased from ...
Default, Debt Maturity and Investment Dynamics
... depends on actions of the firm in future periods. But the firm cannot commit to any particular path of actions. In particular, actions leading to a decline in the rate of investment will increase the firms’ default likelihood, and thus reduce the value of the claims of existing creditors. As a resu ...
... depends on actions of the firm in future periods. But the firm cannot commit to any particular path of actions. In particular, actions leading to a decline in the rate of investment will increase the firms’ default likelihood, and thus reduce the value of the claims of existing creditors. As a resu ...
SMITH GROUP LARGE CAP CORE GROWTH FUND Institutional
... Under normal market conditions, the Smith Group Large Cap Core Growth Fund (the “Fund”) invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued by large capitalization companies that the Adviser believes will have the highest probability of an earnin ...
... Under normal market conditions, the Smith Group Large Cap Core Growth Fund (the “Fund”) invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued by large capitalization companies that the Adviser believes will have the highest probability of an earnin ...
Slide 1
... X had issued 10% redeemable preference shares in 2005, redemption after 7 years at face value. Company had been showing, the outstanding share preference capital, as part of share capital and hence equity. ...
... X had issued 10% redeemable preference shares in 2005, redemption after 7 years at face value. Company had been showing, the outstanding share preference capital, as part of share capital and hence equity. ...
Customer Equity Evaluation: A Study With Reference to Jammu and
... performing with regard to the tactical decisions it makes in handling and extracting value from the customer. Academic researchers have written scores of articles and books on this topic (for examples; Rust, Zeithaml & Lemon, 2000; Blattberg, Getz & Thomas, 2001; Gupta & Lehmann, 2005). The growing ...
... performing with regard to the tactical decisions it makes in handling and extracting value from the customer. Academic researchers have written scores of articles and books on this topic (for examples; Rust, Zeithaml & Lemon, 2000; Blattberg, Getz & Thomas, 2001; Gupta & Lehmann, 2005). The growing ...
Global perspectives: 2016 REIT report
... capital; rather, owners took advantage of the SOCIMI structure as a more favorable tax wrapper in which to hold existing assets. In 2014, four SOCIMIs listed on the Continuo (main) market, raising US$3.6b of equity capital.6 This group has seen its market cap grow 72% to US$6.2b7 today. Transaction ...
... capital; rather, owners took advantage of the SOCIMI structure as a more favorable tax wrapper in which to hold existing assets. In 2014, four SOCIMIs listed on the Continuo (main) market, raising US$3.6b of equity capital.6 This group has seen its market cap grow 72% to US$6.2b7 today. Transaction ...
Income Statement
... students will need to complete the assignment. As with any open-ended project, it is possible for students to devote a large amount of time to these assignments. While students often benefit from the extra effort, we find that some become frustrated by the perceived difficulty of the task. You can r ...
... students will need to complete the assignment. As with any open-ended project, it is possible for students to devote a large amount of time to these assignments. While students often benefit from the extra effort, we find that some become frustrated by the perceived difficulty of the task. You can r ...
Model Investment Law Draft
... needs and whether its existing regulatory structure may be improved by using provisions of model laws recommended by the National Association of Insurance Commissioners (NAIC) or existing regulatory structures in other states or industries. This model law is not considered by the NAIC to exhaust reg ...
... needs and whether its existing regulatory structure may be improved by using provisions of model laws recommended by the National Association of Insurance Commissioners (NAIC) or existing regulatory structures in other states or industries. This model law is not considered by the NAIC to exhaust reg ...
THE LANDSCAPE FOR IMPACT INVESTING IN SOUTHERN AFRICA
... challenges and opportunities available for both social enterprises and impact investors in each country. Further, the report offers analysis of political and economic factors that may inform and influence investment decisions on a country-by-country basis. These circumstances may have changed since ...
... challenges and opportunities available for both social enterprises and impact investors in each country. Further, the report offers analysis of political and economic factors that may inform and influence investment decisions on a country-by-country basis. These circumstances may have changed since ...
FORM 10-K - corporate
... also purchase minority interests in the form of common or preferred equity in our target companies, typically in conjunction with one of our debt investments or through a co-investment with a financial sponsor. In addition, a portion of our portfolio may be comprised of corporate bonds and other deb ...
... also purchase minority interests in the form of common or preferred equity in our target companies, typically in conjunction with one of our debt investments or through a co-investment with a financial sponsor. In addition, a portion of our portfolio may be comprised of corporate bonds and other deb ...
Early history of private equity
The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The origins of the modern private equity industry trace back to 1946 with the formation of the first venture capital firms. The thirty-five-year period from 1946 through the end of the 1970s was characterized by relatively small volumes of private equity investment, rudimentary firm organizations and limited awareness of and familiarity with the private equity industry.