Boom and Bust of Equity Portfolio Flows to Emerging Markets A
... It is widely documented in the literature that factors that play a role in attracting FDI inflows are quite different to those that encourage portfolio flows. For this reason, as well as the fact that South Africa’s capital inflows are predominantly in the form of portfolio inflows, this paper focu ...
... It is widely documented in the literature that factors that play a role in attracting FDI inflows are quite different to those that encourage portfolio flows. For this reason, as well as the fact that South Africa’s capital inflows are predominantly in the form of portfolio inflows, this paper focu ...
Effect of Leverage on Performance of Non
... emphasize on the optimum level of capital structure and efficient utilization and allocation of resources in order to increase the company’s financial performance based on capital structure. When corporations decide on the use of debt finance, they are reallocating some expected future cash flows aw ...
... emphasize on the optimum level of capital structure and efficient utilization and allocation of resources in order to increase the company’s financial performance based on capital structure. When corporations decide on the use of debt finance, they are reallocating some expected future cash flows aw ...
IFSL Brunsdon Investment Funds brochure
... The IFSL BRUNSDON CAUTIOUS GROWTH FUND The Cautious mandate is looking to target a LIBOR + 2.5% return per annum on a rolling three year time horizon, while looking to achieve a positive return on any 12 month basis by seeking to find the optimum balance between risk and return using traditional ass ...
... The IFSL BRUNSDON CAUTIOUS GROWTH FUND The Cautious mandate is looking to target a LIBOR + 2.5% return per annum on a rolling three year time horizon, while looking to achieve a positive return on any 12 month basis by seeking to find the optimum balance between risk and return using traditional ass ...
Dependence Analysis of the Market Index Using Fuzzy c
... the market. Recent studies have suggested that trading strategies guided by forecasts on the direction of the change in the price level are more effective and may generate higher profits [11], [12]. However, considering the existing models for prediction of the market indexes, there arise the questi ...
... the market. Recent studies have suggested that trading strategies guided by forecasts on the direction of the change in the price level are more effective and may generate higher profits [11], [12]. However, considering the existing models for prediction of the market indexes, there arise the questi ...
Why do foreign firms have less idiosyncratic risk than U.S.... Söhnke M. Bartram, Gregory Brown, and René M. Stulz*
... of accounting disclosure requiring five years of data for each firm. Their result is not inconsistent with our evidence because, if firm betas differ, their measure of risk increases with market risk.5 We estimate multiple regressions with and without firm characteristics other than those used for o ...
... of accounting disclosure requiring five years of data for each firm. Their result is not inconsistent with our evidence because, if firm betas differ, their measure of risk increases with market risk.5 We estimate multiple regressions with and without firm characteristics other than those used for o ...
NBER WORKING PAPER SERIES QUANTITATIVE MACROECONOMICS WITH HETEROGENEOUS HOUSEHOLDS Jonathan Heathcote Kjetil Storesletten
... welfare of a representative consumer. At face value, the Lucas calculation suggested that surprisingly little was at stake in the traditional macroeconomic topics of business cycles and stabilization policy. One reason such a conclusion seemed premature is that economies with incomplete markets pre ...
... welfare of a representative consumer. At face value, the Lucas calculation suggested that surprisingly little was at stake in the traditional macroeconomic topics of business cycles and stabilization policy. One reason such a conclusion seemed premature is that economies with incomplete markets pre ...
NBER WORKING PAPER SERES UNDERSTAND~G FINANCIAL
... 2Gertler (1988a) provides an excellent survey of the literature on asymmetric information and financial structure which is more general than that here because it looks at additional elements of financial structure that are explained by asymmetric information considerations. Note also that transactio ...
... 2Gertler (1988a) provides an excellent survey of the literature on asymmetric information and financial structure which is more general than that here because it looks at additional elements of financial structure that are explained by asymmetric information considerations. Note also that transactio ...
How to Detect and Prevent Financial Statement Fraud
... analysts, use this method to better understand a company’s financial health. Ratio analysis allows for internal evaluations using financial statement data. The relationship and comparison are the keys to the analysis. For further insight, financial statement ratios are used in comparisons to an enti ...
... analysts, use this method to better understand a company’s financial health. Ratio analysis allows for internal evaluations using financial statement data. The relationship and comparison are the keys to the analysis. For further insight, financial statement ratios are used in comparisons to an enti ...
Examples of Accounting Estimates
... taken as a whole. • As estimates are based on subjective as well as objective factors, it may be difficult for management to establish controls over them. • Even when management's estimation process involves competent personnel using relevant and reliable data, there is potential for bias in the sub ...
... taken as a whole. • As estimates are based on subjective as well as objective factors, it may be difficult for management to establish controls over them. • Even when management's estimation process involves competent personnel using relevant and reliable data, there is potential for bias in the sub ...
How Do Canadian Banks That Deal in Foreign Exchange Hedge
... flow, and their ability to bear risk given their advantageous position in the market. While private payoff-relevant information in the FX market may seem unlikely, Cao, Evans, and Lyons (2002) develop a model of inventory information that lies in the gap between the inventory approach and the inform ...
... flow, and their ability to bear risk given their advantageous position in the market. While private payoff-relevant information in the FX market may seem unlikely, Cao, Evans, and Lyons (2002) develop a model of inventory information that lies in the gap between the inventory approach and the inform ...
1 - London.gov.uk
... RMBS are a type of bond whose cash flows come from residential debt such as mortgages and home equity loans. A pool of mortgage loans created by banks or other financial institutions are used to provide security for the bond. The European model is completely different from that of the US, where cert ...
... RMBS are a type of bond whose cash flows come from residential debt such as mortgages and home equity loans. A pool of mortgage loans created by banks or other financial institutions are used to provide security for the bond. The European model is completely different from that of the US, where cert ...
Going Beyond Style Box Investing
... General assumptions include that the firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have bee ...
... General assumptions include that the firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have bee ...
Risk Sharing and Industrial Specialization: Regional
... primarily determined by social and political factors. We were not able to collect consistent data at the 3-digit level. ...
... primarily determined by social and political factors. We were not able to collect consistent data at the 3-digit level. ...
POSITION - Eurofinas and 32 others offer comments to the
... The proposed revisions of the SEC-ERBA calibrations included in the CRR revisions assume that an STS securitisation would be between 2 and 5.5 times more risky than the sum of the risk of each underlying asset taken separately. This assumption is made despite the compliance with the 55 sub-criteria ...
... The proposed revisions of the SEC-ERBA calibrations included in the CRR revisions assume that an STS securitisation would be between 2 and 5.5 times more risky than the sum of the risk of each underlying asset taken separately. This assumption is made despite the compliance with the 55 sub-criteria ...
FA1
... Financial statement analysis is performance by: Stockholders : to measure management’s performance. Creditors : to make their investment decisions. Management: to plan and control operation. And it is also an important tool for accountants and financial analysts to use to better understand t ...
... Financial statement analysis is performance by: Stockholders : to measure management’s performance. Creditors : to make their investment decisions. Management: to plan and control operation. And it is also an important tool for accountants and financial analysts to use to better understand t ...
Dutch economy in calmer waters - Sociaal
... Viewed over the long term, the Dutch economy is well able to keep up with neighbouring countries; however, the pace of growth is more irregular – it increases strongly when things are going well but is hit hard in times of crisis. This greater volatility is a disadvantage because it leads to greater ...
... Viewed over the long term, the Dutch economy is well able to keep up with neighbouring countries; however, the pace of growth is more irregular – it increases strongly when things are going well but is hit hard in times of crisis. This greater volatility is a disadvantage because it leads to greater ...
AND BUSINESS FLUCTUATIONS Mark Gertler Working Paper No. 2015
... impossible to explain why we have institutions such as noncontingent debt and bankruptcy (as opposed to Arrow-Debreu contingent contracts) without invoking asymmetric information or similar factors; such considerations having been admitted, however, there is a strong presumption that they will const ...
... impossible to explain why we have institutions such as noncontingent debt and bankruptcy (as opposed to Arrow-Debreu contingent contracts) without invoking asymmetric information or similar factors; such considerations having been admitted, however, there is a strong presumption that they will const ...
Fundamentals of Corporate Finance, 2/e
... • Debt with a maturity of more than one year can typically be viewed as permanent debt because firms often borrow the money to pay off this debt when it matures. • The cost of a firm’s long-term debt is estimated on the date on which the analysis is done. ...
... • Debt with a maturity of more than one year can typically be viewed as permanent debt because firms often borrow the money to pay off this debt when it matures. • The cost of a firm’s long-term debt is estimated on the date on which the analysis is done. ...