Evidence about Bubble Mechanisms: Precipitating Event
... We are far from the first to consider positive feedback trading; there is a long literature on it, both theoretical and empirical, with notable contributions including Shiller (1984), De Long, Shleifer, Summers, and Waldmann (1990), Cutler, Poterba, and Summers (1990), Lakonishok, Shleifer, and Vish ...
... We are far from the first to consider positive feedback trading; there is a long literature on it, both theoretical and empirical, with notable contributions including Shiller (1984), De Long, Shleifer, Summers, and Waldmann (1990), Cutler, Poterba, and Summers (1990), Lakonishok, Shleifer, and Vish ...
DISEI - Università degli Studi di Firenze Survive or Die? A Decade of
... literature emphasizes that firms involved in international activities through export or FDI are different from purely domestic firms in several aspects: productivity, wages, skill intensity (see for all Mayer and Ottaviano, 2008). Hence, international strategies are one of the main channels driving ...
... literature emphasizes that firms involved in international activities through export or FDI are different from purely domestic firms in several aspects: productivity, wages, skill intensity (see for all Mayer and Ottaviano, 2008). Hence, international strategies are one of the main channels driving ...
14. procedure for application and allotment
... a. An application for a minor must include the full names and date of birth of the minor, as well as the full names and address of the adult (Parent or Guardian) making the application on such minor’s behalf. b. An application from a corporate body must bear the corporate body’s common seal and be c ...
... a. An application for a minor must include the full names and date of birth of the minor, as well as the full names and address of the adult (Parent or Guardian) making the application on such minor’s behalf. b. An application from a corporate body must bear the corporate body’s common seal and be c ...
What Difference Do Dividends Make?
... to be composed largely of financially distressed companies. Second, the no-dividend portfolio reports the lowest mean return yet has the greatest variance. In contrast, relative to the no-dividend portfolio, the high-dividend and extreme-dividend portfolios have considerably higher returns with sign ...
... to be composed largely of financially distressed companies. Second, the no-dividend portfolio reports the lowest mean return yet has the greatest variance. In contrast, relative to the no-dividend portfolio, the high-dividend and extreme-dividend portfolios have considerably higher returns with sign ...
PPT chapter 02
... - If Patrick could earn $4400 after taxes by working at an alternative job, then the value of the marginal product of investing in his lawn mowing business is $400 (or $4800 – ...
... - If Patrick could earn $4400 after taxes by working at an alternative job, then the value of the marginal product of investing in his lawn mowing business is $400 (or $4800 – ...
Market Design with Blockchain Technology
... technology as the most significant change to the operation of financial institutions since the Medici in the 15th century.2 So what exactly is blockchain technology? The World Wide Web is the technology that enables the frictionless transfer of information; the Blockchain is the technology that enab ...
... technology as the most significant change to the operation of financial institutions since the Medici in the 15th century.2 So what exactly is blockchain technology? The World Wide Web is the technology that enables the frictionless transfer of information; the Blockchain is the technology that enab ...
Schwab Performance Report | Q3 2016 Table of
... you wish to impose or modify any restrictions on the management of your managed account, or if you have had any changes to your financial situation or investment objectives, please contact your Schwab Representative. Please note: Target allocations in the Schwab Performance Report were not designed ...
... you wish to impose or modify any restrictions on the management of your managed account, or if you have had any changes to your financial situation or investment objectives, please contact your Schwab Representative. Please note: Target allocations in the Schwab Performance Report were not designed ...
Do Shareholder Preferences Affect Corporate
... Institutional investors can have heterogeneous preferences regarding the investment and financial policies of the firms they include in their portfolios for a variety of reasons. For example, investors can have different opinions on the potential growth opportunities in the economy. This can affect ...
... Institutional investors can have heterogeneous preferences regarding the investment and financial policies of the firms they include in their portfolios for a variety of reasons. For example, investors can have different opinions on the potential growth opportunities in the economy. This can affect ...
Important Information About Revenue Sharing Agreements
... collectively referred to as “the Affiliates”.) Further, ESI offers mutual funds for various mutual fund companies, including ESI’s affiliate Sentinel Financial Services Company (“SFSC”). SFSC is a part of Sentinel Investments, which is a group of companies servicing the Sentinel Funds, including a t ...
... collectively referred to as “the Affiliates”.) Further, ESI offers mutual funds for various mutual fund companies, including ESI’s affiliate Sentinel Financial Services Company (“SFSC”). SFSC is a part of Sentinel Investments, which is a group of companies servicing the Sentinel Funds, including a t ...
Correlated Trading and Returns
... driven by savings, dissavings, or risk sharing motives, and as likely speculative, i.e., driven by perceived information about the future stock price. For example, the transaction records contain a variable that identifies the order as part of an automatic investment plan through which retail invest ...
... driven by savings, dissavings, or risk sharing motives, and as likely speculative, i.e., driven by perceived information about the future stock price. For example, the transaction records contain a variable that identifies the order as part of an automatic investment plan through which retail invest ...
The Geography of Angel Investment
... from the angel’s home or office constitute 36% of all angel investments. Some other studies have shown a greater portion of local angel investments ranging from 50% to 87% (Wetzel, 1981; Riding et al., 1993; Mason and Harrison, 1994). This paper contributes to this literature by systematically exami ...
... from the angel’s home or office constitute 36% of all angel investments. Some other studies have shown a greater portion of local angel investments ranging from 50% to 87% (Wetzel, 1981; Riding et al., 1993; Mason and Harrison, 1994). This paper contributes to this literature by systematically exami ...
volatility as an asset class
... leverage effect: A decline in the value of a company’s equity results in an increase of the company’s balance sheet leverage, making its equity more risky and hence increasing the volatility of its share price. ...
... leverage effect: A decline in the value of a company’s equity results in an increase of the company’s balance sheet leverage, making its equity more risky and hence increasing the volatility of its share price. ...
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... classification of alternative investments by categorizing them into a few major groups. To begin with, authors separate alternative investments into two larger groups: traditional alternative, such as: real estate, private equity and commodities, and modern alternative investments: managed futures, ...
... classification of alternative investments by categorizing them into a few major groups. To begin with, authors separate alternative investments into two larger groups: traditional alternative, such as: real estate, private equity and commodities, and modern alternative investments: managed futures, ...
Investigating Stock Market Indices of India - Empirical Analysis
... has a different base date (as shown in appendix I). As a result, distinct time period is available for calculating performance evaluation parameters, thereby rendering them to be exposed to dissimilar market conditions. To illustrate, CNX Nifty Junior will be evaluated for 17.5 years (4th November 1 ...
... has a different base date (as shown in appendix I). As a result, distinct time period is available for calculating performance evaluation parameters, thereby rendering them to be exposed to dissimilar market conditions. To illustrate, CNX Nifty Junior will be evaluated for 17.5 years (4th November 1 ...
Scope and Definition
... objective of ensuring coherence between IIAs and other areas of public policy, including policies to address global challenges such as the protection of the environment (climate change) or public health and safety. Finally, the underlying dynamics of IIA rulemaking have changed. A rise in South–Sout ...
... objective of ensuring coherence between IIAs and other areas of public policy, including policies to address global challenges such as the protection of the environment (climate change) or public health and safety. Finally, the underlying dynamics of IIA rulemaking have changed. A rise in South–Sout ...
Market Efficiency: A Theoretical Distinction and So What?
... than 100 percent in the other portfolio. If both Xa and Xc are positive, then the resulting portfolio lies within the interval connecting a and c in Figure 1. If Xc is negative, then Xa > 1 and the resulting portfolio lies outside the interval, beyond a. Similarly, if Xa < 0 and Xc > 1, the portfoli ...
... than 100 percent in the other portfolio. If both Xa and Xc are positive, then the resulting portfolio lies within the interval connecting a and c in Figure 1. If Xc is negative, then Xa > 1 and the resulting portfolio lies outside the interval, beyond a. Similarly, if Xa < 0 and Xc > 1, the portfoli ...
Investment - Cash Flow Sensitivity and Financing Constraints
... among group-affiliated firms in Korea. This conflicting finding is due to unique characteristics of business groups of Japan and Korea (see for example Ferris, Kumar and Sarin (1995) and Shin and Park (2005) for a description of salient features of Japanese and Korean business groups). Another reaso ...
... among group-affiliated firms in Korea. This conflicting finding is due to unique characteristics of business groups of Japan and Korea (see for example Ferris, Kumar and Sarin (1995) and Shin and Park (2005) for a description of salient features of Japanese and Korean business groups). Another reaso ...
OECD - Business Angels Netzwerk Deutschland eV
... This publication covers seed and early stage financing for high growth companies in OECD and nonOECD countries with a primary focus on angel investment. Angel investment is the primary source of outside equity financing for start-ups in a number of countries, yet it is frequently overlooked as angel ...
... This publication covers seed and early stage financing for high growth companies in OECD and nonOECD countries with a primary focus on angel investment. Angel investment is the primary source of outside equity financing for start-ups in a number of countries, yet it is frequently overlooked as angel ...
6. Law on the Investment Funds
... permission from the Securities and Exchange Commission for operation as an investment adviser; 13. Regulated market of financial instruments of the European Union member states is a multilateral system operated or managed by a market operator, that is joining or assisting the joining of different in ...
... permission from the Securities and Exchange Commission for operation as an investment adviser; 13. Regulated market of financial instruments of the European Union member states is a multilateral system operated or managed by a market operator, that is joining or assisting the joining of different in ...
Brochure - Grenada Dual Citizenship
... and the programs themselves have never been more competitive. There are many reasons for this worldwide phenomenon, but in the end it boils down to a mutual benefit; a country's ability to infuse its economy with foreign capital, and investors' desire to capitalize on the many advantages of a second ...
... and the programs themselves have never been more competitive. There are many reasons for this worldwide phenomenon, but in the end it boils down to a mutual benefit; a country's ability to infuse its economy with foreign capital, and investors' desire to capitalize on the many advantages of a second ...
Volatility and Premiums in US Equity Returns
... stocks for the next 50 years ends up with a lower average annual return than an investor who rolls over one-month T-bills. Indeed, no matter how long the investment period, one can never be perfectly certain that the realized average premium will be positive. Such is the nature of risk and return! T ...
... stocks for the next 50 years ends up with a lower average annual return than an investor who rolls over one-month T-bills. Indeed, no matter how long the investment period, one can never be perfectly certain that the realized average premium will be positive. Such is the nature of risk and return! T ...
small, smid, or mid?
... We argue that smid cap investing can provide all of the benefits of small and mid cap investing, as well as a few not provided by either investment, including: • A broader opportunity set. • Marginally lower index concentration. • One additional lever (size) to tactically alter the portfolio. • The ...
... We argue that smid cap investing can provide all of the benefits of small and mid cap investing, as well as a few not provided by either investment, including: • A broader opportunity set. • Marginally lower index concentration. • One additional lever (size) to tactically alter the portfolio. • The ...
The Sukuk Market Comes of Age - Franklin Templeton Hong Kong
... first US dollar-denominated sovereign Sukuk, Indonesia selling its third global Sukuk, and Abu Dhabi Islamic Bank issuing the first perpetual Tier 1 capital hybrid Sukuk. As policymakers, multilateral institutions, Shariah scholars, banks and asset management companies develop, promote and innovate, ...
... first US dollar-denominated sovereign Sukuk, Indonesia selling its third global Sukuk, and Abu Dhabi Islamic Bank issuing the first perpetual Tier 1 capital hybrid Sukuk. As policymakers, multilateral institutions, Shariah scholars, banks and asset management companies develop, promote and innovate, ...
Old Globe Theatre dba The Old Globe
... The Old Globe is the beneficiary of an irrevocable charitable remainder trust administered by a third party. The trust terminates upon the death of the grantor, at which time The Old Globe will receive the remaining trust assets. The fair value of the future benefits to b ...
... The Old Globe is the beneficiary of an irrevocable charitable remainder trust administered by a third party. The trust terminates upon the death of the grantor, at which time The Old Globe will receive the remaining trust assets. The fair value of the future benefits to b ...
- Reliance Mutual Fund
... reserve the right to terminate the SIP without any written request from the investor. In accordance with the requirements specified by the SEBI circular SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged with respect to applications for enrolment / registrations accepted b ...
... reserve the right to terminate the SIP without any written request from the investor. In accordance with the requirements specified by the SEBI circular SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged with respect to applications for enrolment / registrations accepted b ...
Socially responsible investing
Socially responsible investing (SRI), also known as sustainable, socially conscious, ""green"" or ethical investing, is any investment strategy which seeks to consider both financial return and social good.In general, socially responsible investors encourage corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity. Some avoid businesses involved in alcohol, tobacco, gambling, pornography, weapons, contraception/abortifacients/abortion, fossil fuel production, and/or the military. The areas of concern recognized by the SRI industry are sometimes summarized as ESG issues: environment, social justice, and corporate governance.""Socially responsible investing"" is one of several related concepts and approaches that influence and, in some cases govern, how asset managers invest portfolios. The term ""socially responsible investing"" sometimes narrowly refers to practices that seek to avoid harm by screening companies included in an investment portfolio. However, the term is also used more broadly to include more proactive practices such as impact investing, shareholder advocacy and community investing. According to investor Amy Domini, shareholder advocacy and community investing are pillars of socially responsible investing, while doing only negative screening is inadequate.