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Cash-flow Risk, Discount Risk, and the Value Premium
Cash-flow Risk, Discount Risk, and the Value Premium

... consistently with the data, value stocks are particularly risky during “bad” times. This is natural: Agents demand a relatively higher compensation for holding assets with cash-flows that covary positively with consumption growth when faced with adverse shocks. Thus cashflow effects have a condition ...
Editable Value Lists
Editable Value Lists

... click on ‘Core only’. This will update the list you are viewing to include all of the latest core system values in addition to your own values. To reset the values in this list to only display the core system values included in this document, click on ‘All’. This will update the list you are viewing ...
Chemtura CORP (Form: 10-Q, Received: 10/28/2014 16:35:23)
Chemtura CORP (Form: 10-Q, Received: 10/28/2014 16:35:23)

... Nature of Operations Chemtura Corporation together with our consolidated subsidiaries is dedicated to delivering innovative, application-focused specialty chemicals. Our corporate headquarters is located at 1818 Market Street, Suite 3700, Philadelphia, PA 19103. Our principal executive offices are l ...
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Q1. Which among the following statements are correct regarding

... acted independently while make war or peace, laying down policy with respect to Indian states etc. However, the concurrence of the body was obligatory before any expenditure out of Indian revenues was incurred or loans could be raised on their security. It was considered as the right arm of British ...
Half Year Results ASX/Media Release
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... The rationalisation of non-retirement assets is continuing at a strong pace. Aveo generated cash of just under $50 million in HY14 from non-retirement asset sales. The sales of 399 Lonsdale St, Melbourne, 50% of The Milton apartment project, Brisbane, the Yang land at Point Cook, the Hepher Rd indus ...
Your guide to our funds
Your guide to our funds

... When inflation is greater than the returns achieved by the Fund the purchasing power of your capital can be eroded. Interest rate changes risk Changes in interest rates will affect interest paid on deposits in UK money market accounts. When interest rates are low, the returns generated by the fund m ...
Press Release
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... On April 1, we implemented a new country based operating model with strengthened commercial and technology functions on group level. This will be instrumental for our future strategic agenda and will also enable further efficiency benefits. Our journey ahead will be based on three pillars; strengthe ...
18 Dec - Agrimin Limited
18 Dec - Agrimin Limited

... Some of the statements contained in this report are forward looking statements. Forward looking statements include but are not limited to, statements concerning estimates of potash tonnages, expected costs, statements relating to the continued advancement of Agrimin’s projects and other statements w ...
Methodology And Assumptions: Liquidity
Methodology And Assumptions: Liquidity

... • A generally satisfactory standing in credit markets. This can be assessed from equity, debt, and CDS trading data relative to peers and market averages. • Generally prudent risk management. To meet this assessment, the company needs to show evidence that its management anticipated potential setbac ...
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Papers - ICIBE - Gümüşhane Üniversitesi

... to establish an academic forum for substantive dialogue among researchers to exchange their ideas and researches about critical aspects of business and economics. 2009’s theme was “What Others Manifest?” and was focused on the issues that the world economy has been facing by Global Financial Crisis ...
Improving Social Inclusion at the Local Level
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... as it has developed in Korea. The current policy measure adopted by the government, support for social enterprise, is hoped to meet the needs of the disadvantaged in Korea through job creation and the provision of social services. Its capacity to achieve this objective will be examined and recommend ...
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... The Company is a defendant in a variety of lawsuits arising in the ordinary course of business. On January 13, 1999, two complaints were filed against the Company and its subsidiary, Lane Bryant, Inc., as well as other defendants, including many national retailers. Both complaints relate to labor pr ...
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Does the Purpose of a Loan Matter?

... Yet, there exists limited knowledge regarding the relationship between loan proceeds use and the composition of the non-price components of loan contracts. For example, it is unclear whether certain covenants are more prone to appear in loans designated for one specific purpose relative to another. ...
Central clearing: reaping the benefits, controlling the risks
Central clearing: reaping the benefits, controlling the risks

... Key elements underlined in the draft guidance include the following: • CCP resolution should pursue the objective of financial stability, ensure the continuity of critical functions and avoid exposing taxpayers to losses in all jurisdictions where those functions are critical. It should also mainta ...
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overweight - TD Ameritrade

... overall ranking for DIA within the universe of 623 ranked Equity ETFs. Based on S&P's proprietary Performance Analytics we have an Overweight outlook for DIA generally employing inputs from S&P's STARS, Fair Value, and Technical Indicators. We believe Quality Rank, Risk Assessment, and Credit Rating ...
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... Belief disagreement has been blamed for the importance and severity of the last financial crisis. Optimistic about the future evolution of house prices, many homeowners bought houses using leverage, and some banks leveraged into Mortgage-Backed Securities that would only pay off if house prices cont ...
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... Approach to Budget Support. It expands our assessment of partner Government’s commitment to improving public financial management, strengthening domestic financial accountability, and fighting corruption, by including specific assessments of the commitment to strengthen external audit and legislativ ...
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... capacity to a higher international degree in order to include foreign taxpayers, they are also further enhancing the risk that one of those subjects may become susceptible to overlapping taxation by more than one tax jurisdiction. As a response, some legal instruments, assuming the form of internati ...
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... will be used by all of the buildings that are part of that multiple building project. If buildings are not part of a multiple-building project (line 8b is or will be checked “no” and therefore each building will be treated as a separate project), then each building may use a different table dependin ...
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... • Developments in the Cyprus Companies Law, Cap.113; • Reporting matters relevant for listed companies arising from developments from the Cyprus Stock Exchange and Cyprus Securities and Exchange Commission; • Developments in the EU Accounting Directive; and • Financial reporting issues arising f ...
Review of the Differentiated Nature and Scope of Financial Regulation
Review of the Differentiated Nature and Scope of Financial Regulation

... securities sectors. These differences are warranted in some cases due to specific attributes of each financial sector, but, in others, these differences may contribute to gaps in the regulation of the financial system as a whole. One way to understand the differences and identify the gaps is to comp ...
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Krislert Samphantharak and Robert M

... Household enterprises are important in developing economies where many households are engaged in both farm and non-farm production. An enterprise operated by a household plays two separate yet related roles in the economy. It directly generates revenues to the operating household. It also creates an ...
Financial Accounting II
Financial Accounting II

... 5. Branch Account • Method of recording branch transactions and issues regarding items in transit • Head office will keep all accounting records and each branch do have their own accounting record • Ledger are used for 3 purposes: – Record transaction of changes in assets, liabilities and capital – ...
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Public finance

Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
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