Financial Innovation: The Bright and the Dark Sides
... financial innovation, mainly due the lack of data.3 For example, after their thorough survey using fairly broad criteria and a long time horizon, Frame and White (2004) conclude that (p.116), “a striking feature of this literature, however, is the relative dearth of empirical studies that specifical ...
... financial innovation, mainly due the lack of data.3 For example, after their thorough survey using fairly broad criteria and a long time horizon, Frame and White (2004) conclude that (p.116), “a striking feature of this literature, however, is the relative dearth of empirical studies that specifical ...
bemtur-2014 - Academic World Education & Research Center
... Mohammed Abbes Sahraoui, Department of Economics, Management and Commercial Sciences, University Abou Bekr Belkaid Of Tlemcen, Algeria Yassine Zakarya Ghouali, Department of Economics, Management and Commercial Sciences, University Abou Bekr Belkaid Of Tlemcen, Algeria Abstract In all countries, esp ...
... Mohammed Abbes Sahraoui, Department of Economics, Management and Commercial Sciences, University Abou Bekr Belkaid Of Tlemcen, Algeria Yassine Zakarya Ghouali, Department of Economics, Management and Commercial Sciences, University Abou Bekr Belkaid Of Tlemcen, Algeria Abstract In all countries, esp ...
TVN plc – the meaning behind the IPO
... In the TVN prospectus we can read the following about ITI Media (page 121): “On 2 December 2003, the Issuer purchased a bond issued by ITI Media with a face value of 131,561k Euro. ITI Media is a holding company, with a portfolio of other ITI Group media companies’ shares and securities. (…) The ITI ...
... In the TVN prospectus we can read the following about ITI Media (page 121): “On 2 December 2003, the Issuer purchased a bond issued by ITI Media with a face value of 131,561k Euro. ITI Media is a holding company, with a portfolio of other ITI Group media companies’ shares and securities. (…) The ITI ...
Towards triple-A policies: More renewable energy at lower cost
... Credit ratings – with triple-A being the best achievable – are discussed controversially these days. As the concept of such ratings is now known to a broader audience, this report uses it as a – hopefully helpful - analogy in discussing the relation of risk and renewable energy policies. A country r ...
... Credit ratings – with triple-A being the best achievable – are discussed controversially these days. As the concept of such ratings is now known to a broader audience, this report uses it as a – hopefully helpful - analogy in discussing the relation of risk and renewable energy policies. A country r ...
budget
... How much sales revenue will we earn? How much cash will we collect from customers? How much raw material will we need to purchase? How much manufacturing costs will we incur? How much cash will we pay to our suppliers and our direct laborers, and how much cash will we pay for manufacturing overhead ...
... How much sales revenue will we earn? How much cash will we collect from customers? How much raw material will we need to purchase? How much manufacturing costs will we incur? How much cash will we pay to our suppliers and our direct laborers, and how much cash will we pay for manufacturing overhead ...
Modeling Sustainable Earnings and P/E Ratios Using Financial
... that a particular predictor in the financial statements cannot be considered in isolation, but in conjunction with other line items with which it is jointly determined – and thus necessarily correlated -- by construction of the accounting. For example, the interpretation of a change is sales depends ...
... that a particular predictor in the financial statements cannot be considered in isolation, but in conjunction with other line items with which it is jointly determined – and thus necessarily correlated -- by construction of the accounting. For example, the interpretation of a change is sales depends ...
Determination of Optimal Foreign Exchange Reserves in Nigeria
... macroeconomic disequilibrium. Calvo (2002) noted that, the accumulation of foreign exchange reserves leads to monetary expansion and hence inflation. This is, however, in contrast to the submission of Victor and Vladimir (2006), who argued that reserves are accumulated through maintenance of governm ...
... macroeconomic disequilibrium. Calvo (2002) noted that, the accumulation of foreign exchange reserves leads to monetary expansion and hence inflation. This is, however, in contrast to the submission of Victor and Vladimir (2006), who argued that reserves are accumulated through maintenance of governm ...
Your source for in-depth agricultural news
... current production costs for corn and soybeans do not change, the net return from soybean production will remain strong, but the return from corn production will be much smaller than the past four years. However, price expectations can quickly change. In addition to the change in corn price from 201 ...
... current production costs for corn and soybeans do not change, the net return from soybean production will remain strong, but the return from corn production will be much smaller than the past four years. However, price expectations can quickly change. In addition to the change in corn price from 201 ...
The Timing of Asset Sales
... assets either to current income or to retained earnings. Such opportunities are not available to U.S. firms. In this vein, Black, Sellers and Manly (1998) examine a sample of Australian, New Zealand and UK firms and find that Bartov’s results do not extend to cases where firms have discretion to rev ...
... assets either to current income or to retained earnings. Such opportunities are not available to U.S. firms. In this vein, Black, Sellers and Manly (1998) examine a sample of Australian, New Zealand and UK firms and find that Bartov’s results do not extend to cases where firms have discretion to rev ...
Conservatism in Accounting
... Contractual use of accounting measures. Many contracts between parties to the firm use accounting numbers to reduce agency costs associated with the firm (see Watts and Zimmerman, 1986). Those contracts include contracts between the firm and holders of the firm’s debt (debt contracts), management c ...
... Contractual use of accounting measures. Many contracts between parties to the firm use accounting numbers to reduce agency costs associated with the firm (see Watts and Zimmerman, 1986). Those contracts include contracts between the firm and holders of the firm’s debt (debt contracts), management c ...
2016 Wells Fargo millennial study
... Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, communitybased financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...
... Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, communitybased financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...
Transition Report 2010 English
... reforming the EBRD transition indicators, both to expand their sectoral coverage, and to place more emphasis on the quality of market-enabling institutions. In addition to presenting a number of new sector-level indicators, particularly in the corporate and energy sectors, an alternative set of fina ...
... reforming the EBRD transition indicators, both to expand their sectoral coverage, and to place more emphasis on the quality of market-enabling institutions. In addition to presenting a number of new sector-level indicators, particularly in the corporate and energy sectors, an alternative set of fina ...
QUESTIONS
... REQUIRED: The reason the book value of a corporation’s stock is usually different from its market value. DISCUSSION: A stock’s book value is the amount of net assets available to the holders of a given type of stock, divided by the number of those shares outstanding. The market price is the amount t ...
... REQUIRED: The reason the book value of a corporation’s stock is usually different from its market value. DISCUSSION: A stock’s book value is the amount of net assets available to the holders of a given type of stock, divided by the number of those shares outstanding. The market price is the amount t ...
prospectus - Cullen Funds
... Like all investments, investing in the High Dividend Fund involves risks, including the risk that you may lose part or all of the money you invest. General Stock Risks. The High Dividend Fund’s major risks are those of investing in the stock market, which can mean that the Fund may experience sudden ...
... Like all investments, investing in the High Dividend Fund involves risks, including the risk that you may lose part or all of the money you invest. General Stock Risks. The High Dividend Fund’s major risks are those of investing in the stock market, which can mean that the Fund may experience sudden ...
the determinants of capital structure: the evidence from the
... are still willing to be part of EU. First of all, the main reason is expected economic growth due to the increased foreign investments from EU members. Another reason concerns the financial aids for economic development in the case of crisis. The migration issue has been taken into consideration as w ...
... are still willing to be part of EU. First of all, the main reason is expected economic growth due to the increased foreign investments from EU members. Another reason concerns the financial aids for economic development in the case of crisis. The migration issue has been taken into consideration as w ...
NBER WORKING PAPER SERIES Hanno Lustig Yi-Li Chien
... of risk and interest rates are i.i.d. over time when aggregate consumption growth is i.i.d. over time. This version of the model does not contribute any dynamics endogenously. As a result, the standard deviation of stock returns is obviously much too small in this two-agent model, since there is no ...
... of risk and interest rates are i.i.d. over time when aggregate consumption growth is i.i.d. over time. This version of the model does not contribute any dynamics endogenously. As a result, the standard deviation of stock returns is obviously much too small in this two-agent model, since there is no ...
Shorts and Derivatives in Portfolio Statistics
... securities, although they may reserve the right to do so under special circumstances. Funds may also short derivatives, and this is sometimes more efficient than shorting individual securities. Short positions produce negative exposure to the security that is being shorted. This means that when the ...
... securities, although they may reserve the right to do so under special circumstances. Funds may also short derivatives, and this is sometimes more efficient than shorting individual securities. Short positions produce negative exposure to the security that is being shorted. This means that when the ...
Matrix
... Domino’s reported over $1.3 billion in negative stockholders’ equity at yearend 2012. Domino’s is a relatively large company to operate under a functional type structure. One large slice of hand- tossed, pepperoni pizza contains 300 calories and 12 grams of fat, and there are 8 slices in a pizza. No ...
... Domino’s reported over $1.3 billion in negative stockholders’ equity at yearend 2012. Domino’s is a relatively large company to operate under a functional type structure. One large slice of hand- tossed, pepperoni pizza contains 300 calories and 12 grams of fat, and there are 8 slices in a pizza. No ...
TD Bank Group Reports First Quarter 2017 Results
... From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, repres ...
... From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, repres ...
Transition Report 2010: Recovery and Reform - complete
... reforming the EBRD transition indicators, both to expand their sectoral coverage, and to place more emphasis on the quality of market-enabling institutions. In addition to presenting a number of new sector-level indicators, particularly in the corporate and energy sectors, an alternative set of fina ...
... reforming the EBRD transition indicators, both to expand their sectoral coverage, and to place more emphasis on the quality of market-enabling institutions. In addition to presenting a number of new sector-level indicators, particularly in the corporate and energy sectors, an alternative set of fina ...
Syllabus
... This lecture covers inflation and how it affects an individual’s income, wealth, debt, and savings; it also discusses money supply and the role of central banks. This lecture explains mortgage borrowing and analyzes various mortgage terms (mortgage length, fixed vs. floating rate, and mortgage point ...
... This lecture covers inflation and how it affects an individual’s income, wealth, debt, and savings; it also discusses money supply and the role of central banks. This lecture explains mortgage borrowing and analyzes various mortgage terms (mortgage length, fixed vs. floating rate, and mortgage point ...
the PDF
... strategy expected to continue to push sales, mass market projects/small-sized units should see broadly stable prices, and continue to outperform luxury homes/larger-sized flats in 2015. The office leasing market should see modest growth, with Central leading the pack. Increasing office supply in Kow ...
... strategy expected to continue to push sales, mass market projects/small-sized units should see broadly stable prices, and continue to outperform luxury homes/larger-sized flats in 2015. The office leasing market should see modest growth, with Central leading the pack. Increasing office supply in Kow ...
How to Invest in the U.S. Overall Market?
... equity funds; index funds and specialized sector funds. As this study does not cover all policies, I will only discuss the relevant types. Equity funds mostly consist out of stocks, although it is possible that a small portion is invested in other types of assets. Additionally, an equity fund often ...
... equity funds; index funds and specialized sector funds. As this study does not cover all policies, I will only discuss the relevant types. Equity funds mostly consist out of stocks, although it is possible that a small portion is invested in other types of assets. Additionally, an equity fund often ...
Fiscal Rules and Discretion in a World Economy
... benefit of providing more flexibility to underborrowing types to the marginal cost of providing more discretion to overborrowing types. Our results contrast these uncoordinated rules with coordinated rules. Consider first a situation in which governments are not present-biased, so that an optimal un ...
... benefit of providing more flexibility to underborrowing types to the marginal cost of providing more discretion to overborrowing types. Our results contrast these uncoordinated rules with coordinated rules. Consider first a situation in which governments are not present-biased, so that an optimal un ...
Measures of Retirement Benefit Adequacy: Which, Why, for Whom
... also need to be able to explain the plan in order to justify monthly savings goals and lump sum targets for younger clients. CFP guidelines suggest that a detailed personal cash flow forecast is preferable to shortcut rules of thumb (See CFP-Board, 2012). However, such forecasts are relatively inacc ...
... also need to be able to explain the plan in order to justify monthly savings goals and lump sum targets for younger clients. CFP guidelines suggest that a detailed personal cash flow forecast is preferable to shortcut rules of thumb (See CFP-Board, 2012). However, such forecasts are relatively inacc ...