How privatization increases inequality
... governments across the country have signed with private companies to collect delinquent taxes and fines. In these contracts, governments typically do not pay the company for their services, but instead allow the company to charge an additional fee to the debtor as compensation. This arrangement ince ...
... governments across the country have signed with private companies to collect delinquent taxes and fines. In these contracts, governments typically do not pay the company for their services, but instead allow the company to charge an additional fee to the debtor as compensation. This arrangement ince ...
The Risk-free Rate and the Market Risk Premium
... Value Principle (‘NPV = 0’ principle). The Net Present Value Principle is that the regulatory arrangements need to be consistent with investors expectations that the net present value of the future cash flows of the regulated firm should equal the initial investment, assuming a discount rate equal t ...
... Value Principle (‘NPV = 0’ principle). The Net Present Value Principle is that the regulatory arrangements need to be consistent with investors expectations that the net present value of the future cash flows of the regulated firm should equal the initial investment, assuming a discount rate equal t ...
Banking on Bonds: The New Links Between States and Markets*
... For DB, the repo is an SFT (securities financing transaction). DB uses its portfolio of marketable securities to raise short-term market funding without giving up the returns on those assets. Because repos are structured legally as sales/repurchase (of collateral) agreements and in economic terms as ...
... For DB, the repo is an SFT (securities financing transaction). DB uses its portfolio of marketable securities to raise short-term market funding without giving up the returns on those assets. Because repos are structured legally as sales/repurchase (of collateral) agreements and in economic terms as ...
How to get a £1 million pension
... your risk, time frames or tolerance to stock markets.” Brian Dennehy, managing director of FundExpert, says: “Choose funds to suit your needs. Many novices jump straight in and are far too aggressive. Others tread too cautiously and tend to be too trusting of compelling marketing.” For those who are ...
... your risk, time frames or tolerance to stock markets.” Brian Dennehy, managing director of FundExpert, says: “Choose funds to suit your needs. Many novices jump straight in and are far too aggressive. Others tread too cautiously and tend to be too trusting of compelling marketing.” For those who are ...
Submission to the Competition Policy Review
... same level of scrutiny as private businesses when obtaining funding, and as a result, they are unlikely to face the same financial incentives to manage risk efficiently (PC 2013c). Finally, government-owned businesses do not face market tests for survival. Consequently, they will often have weaker ...
... same level of scrutiny as private businesses when obtaining funding, and as a result, they are unlikely to face the same financial incentives to manage risk efficiently (PC 2013c). Finally, government-owned businesses do not face market tests for survival. Consequently, they will often have weaker ...
Sector-specific Multiples
... negative earnings and book value, the failure to control for differences across firms in costs and profit margins can lead to misleading valuations. Definition of Revenue Multiple As noted in the introduction to this section, there are two basic revenue multiples in use. The first, and more popular ...
... negative earnings and book value, the failure to control for differences across firms in costs and profit margins can lead to misleading valuations. Definition of Revenue Multiple As noted in the introduction to this section, there are two basic revenue multiples in use. The first, and more popular ...
executive summary - Australia`s Future Tax System
... there is a severe restructuring of the tax concessions that apply. This would probably be a considerable burden on some low income workers, and may require government to apply incentives and subsidies that are equitable and fair and take into consideration the ability of employees to contribute the ...
... there is a severe restructuring of the tax concessions that apply. This would probably be a considerable burden on some low income workers, and may require government to apply incentives and subsidies that are equitable and fair and take into consideration the ability of employees to contribute the ...
The Bush Capital Gains Tax Cut after Four Years
... Of course, a big part of this surge in realized capital gains was a result of the stock market gains in the late 1990s and then in the 2003-2006 period. When the stock market high-technology bubble burst in 2000, capital gains realizations and revenues declined sharply. But the capital gains tax mea ...
... Of course, a big part of this surge in realized capital gains was a result of the stock market gains in the late 1990s and then in the 2003-2006 period. When the stock market high-technology bubble burst in 2000, capital gains realizations and revenues declined sharply. But the capital gains tax mea ...
Information Needs of Users of New Zealand Capital Markets Entity
... Q1. Use of financial reports Most (79%) respondents indicate that they use the information in corporate financial reports in their decisions relating to investments and/or corporate performance. Most of those who indicated that they are not using financial reports, explained that they relied on info ...
... Q1. Use of financial reports Most (79%) respondents indicate that they use the information in corporate financial reports in their decisions relating to investments and/or corporate performance. Most of those who indicated that they are not using financial reports, explained that they relied on info ...
Better Means More: Property Rights and High-Growth
... entrepreneurial projects, financial institutions find it costly to monitor small firms. The situation is aggravated by the perception that start-ups have higher risk of failure. Taken together, entrepreneur’s access to external finance is restricted and the cost of finance is raised (Huyghebaert and ...
... entrepreneurial projects, financial institutions find it costly to monitor small firms. The situation is aggravated by the perception that start-ups have higher risk of failure. Taken together, entrepreneur’s access to external finance is restricted and the cost of finance is raised (Huyghebaert and ...
Macroeconomics – Austrians vs. Keynesians
... government, can best allocate resources. Keynesians get their name from John Maynard Keynes (1883-1946), who had a book published in 1936 called The General Theory of Employment, Interest, and Money. Keynes made the argument that if we can manage demand, we can manage the economy. The principles of ...
... government, can best allocate resources. Keynesians get their name from John Maynard Keynes (1883-1946), who had a book published in 1936 called The General Theory of Employment, Interest, and Money. Keynes made the argument that if we can manage demand, we can manage the economy. The principles of ...
Financial Investments, Information Flows, and Caste Affiliation
... in 2004/2005. This dataset allows us to distinguish between an individual’s awareness of various financial instruments and actual investments in those instruments. It does not only contain information about shares and bonds but also about Indian-specific instruments of micro finance, i.e. group savi ...
... in 2004/2005. This dataset allows us to distinguish between an individual’s awareness of various financial instruments and actual investments in those instruments. It does not only contain information about shares and bonds but also about Indian-specific instruments of micro finance, i.e. group savi ...
capital - International Actuarial Association
... (only estimated) in advance. Historically, liability requirements were set in many accounting paradigms at a level to provide for reasonable/plausible deviations due to uncertain assumptions. Capital requirements were then set to address very unlikely, but possible outcomes. Since outcomes are uncer ...
... (only estimated) in advance. Historically, liability requirements were set in many accounting paradigms at a level to provide for reasonable/plausible deviations due to uncertain assumptions. Capital requirements were then set to address very unlikely, but possible outcomes. Since outcomes are uncer ...
Derivative Risk Management Statement Part A
... • The Australian Funds do not use derivatives themselves; • The Australian Funds invest in underlying funds that are managed by affiliated corporate entities of Robeco Hong Kong Limited (“Underlying Funds”); • Derivatives may be utilized by these Underlying Funds; • The department Risk Management of ...
... • The Australian Funds do not use derivatives themselves; • The Australian Funds invest in underlying funds that are managed by affiliated corporate entities of Robeco Hong Kong Limited (“Underlying Funds”); • Derivatives may be utilized by these Underlying Funds; • The department Risk Management of ...
ACCOUNTING Financial and Organisational Decision Making
... their connections with other organisations • Australia decided in the mid-1990s to harmonise its standards with those of the IASC • In 2002 a decision was made by the Financial Reporting Council that Australia would adopt standards released by the IASB ...
... their connections with other organisations • Australia decided in the mid-1990s to harmonise its standards with those of the IASC • In 2002 a decision was made by the Financial Reporting Council that Australia would adopt standards released by the IASB ...
KELLOGG CO (Form: 424B5, Received: 02/26/2016 17:06:57)
... Frosted Mini-Wheats and Fudge Shoppe, as well as animated cartoon characters, such as Tony the Tiger, Snap!Crackle!Pop!, Dig ‘Em, Toucan Sam and Ernie Keebler. Kellogg Company was incorporated in Delaware in 1922. Our principal executive offices are located at One Kellogg Square, P.O. Box 3599, Batt ...
... Frosted Mini-Wheats and Fudge Shoppe, as well as animated cartoon characters, such as Tony the Tiger, Snap!Crackle!Pop!, Dig ‘Em, Toucan Sam and Ernie Keebler. Kellogg Company was incorporated in Delaware in 1922. Our principal executive offices are located at One Kellogg Square, P.O. Box 3599, Batt ...
Une nouvelle approche des relations entre la gouvernance d
... practices and the impact of these practices on the market and accounting performances of the firm. In fact, while the profitability of a socially responsible approach has been examined continuously, no satisfactory answer has emerged to date. Margolis and Walsh (2003) are interested in the relations ...
... practices and the impact of these practices on the market and accounting performances of the firm. In fact, while the profitability of a socially responsible approach has been examined continuously, no satisfactory answer has emerged to date. Margolis and Walsh (2003) are interested in the relations ...
Firm Dynamics and Financial Development
... arise in our model because debt is unenforceable and firms can default. Lenders offer firmspecific debt schedules that compensate for default risk and for a fixed credit cost they incur when issuing debt. We proxy differences in financial market development across economies with differences in the fixe ...
... arise in our model because debt is unenforceable and firms can default. Lenders offer firmspecific debt schedules that compensate for default risk and for a fixed credit cost they incur when issuing debt. We proxy differences in financial market development across economies with differences in the fixe ...
Understanding the economy*wide efficiency and
... objective of each firm is to maximise its profits, given the prices of its output and all of its inputs. Production technology varies across sectors based on assumed multi-layered nested production structures and an appropriately specified elasticity of substitution at each level of the nest. Firms ...
... objective of each firm is to maximise its profits, given the prices of its output and all of its inputs. Production technology varies across sectors based on assumed multi-layered nested production structures and an appropriately specified elasticity of substitution at each level of the nest. Firms ...
it`s not about
... to lower oil and commodity prices; the slowdown in regional trading partners; instances of political instability; and water and electricity shortages, although Kenya (home to I&M Group, a 50% shareholder in Bank One) was one of the few economies to show resilience against these headwinds. In Mauriti ...
... to lower oil and commodity prices; the slowdown in regional trading partners; instances of political instability; and water and electricity shortages, although Kenya (home to I&M Group, a 50% shareholder in Bank One) was one of the few economies to show resilience against these headwinds. In Mauriti ...
Risk Premiums in Slovak Government Bonds
... We study risk premiums on Slovak government bonds in the period between 2000 and 2015, which is the longest available sample. Slovak government bond market is an interesting case among sovereign issuers for a number of reasons. First, while it was classified as an emerging market in the 1990s, Slova ...
... We study risk premiums on Slovak government bonds in the period between 2000 and 2015, which is the longest available sample. Slovak government bond market is an interesting case among sovereign issuers for a number of reasons. First, while it was classified as an emerging market in the 1990s, Slova ...
TBVFL - HDFC Securities
... With the new government at the helm, the Indian GDP growth is expected to improve significantly over the next two to three years. (5.5-5.7% in 2014- 15, as per the CSO). Improved economic growth could result in increased spending power and benefit the wellness industry going forward. Some of the key ...
... With the new government at the helm, the Indian GDP growth is expected to improve significantly over the next two to three years. (5.5-5.7% in 2014- 15, as per the CSO). Improved economic growth could result in increased spending power and benefit the wellness industry going forward. Some of the key ...
NBER WORKING PAPER SERIES FIRM DYNAMICS AND FINANCIAL DEVELOPMENT Cristina Arellano Yan Bai
... arise in our model because debt is unenforceable and firms can default. Lenders offer firmspecific debt schedules that compensate for default risk and for a fixed credit cost they incur when issuing debt. We proxy differences in financial market development across economies with differences in the fixe ...
... arise in our model because debt is unenforceable and firms can default. Lenders offer firmspecific debt schedules that compensate for default risk and for a fixed credit cost they incur when issuing debt. We proxy differences in financial market development across economies with differences in the fixe ...
ADVANCED MACROECONMICS ECO 442
... and prepare you for the assignments and the examination. You should do each selfassessment exercises as you come to it in the study unit. Also, ensure to master some major historical dates and events during the course of studying the material. The following is a practical strategy for working throug ...
... and prepare you for the assignments and the examination. You should do each selfassessment exercises as you come to it in the study unit. Also, ensure to master some major historical dates and events during the course of studying the material. The following is a practical strategy for working throug ...
Mehmet Fatih Ekinci University of Rochester Sebnem Kalemli
... other hand, poorer regions might become competitive due do “recent” changes in technology or human capital accumulation and “catch-up growth” may be observed where low output factor income which includes net foreign income to capital and net earnings of domestic residents (not citizens) abroad. Howe ...
... other hand, poorer regions might become competitive due do “recent” changes in technology or human capital accumulation and “catch-up growth” may be observed where low output factor income which includes net foreign income to capital and net earnings of domestic residents (not citizens) abroad. Howe ...