14 Ernest H. Hall - Journal of International Management Studies
... The final sample for the study included a total of 186 firms across three country/economic areas, the U.S., Japan, and the EEC. A breakdown of the firms included in the sample is as follows: 89 U.S. firms, 50 Japanese firms, and 47 EEC firms. All financial data were obtained from Compact Disclosure ...
... The final sample for the study included a total of 186 firms across three country/economic areas, the U.S., Japan, and the EEC. A breakdown of the firms included in the sample is as follows: 89 U.S. firms, 50 Japanese firms, and 47 EEC firms. All financial data were obtained from Compact Disclosure ...
OPTIMAL TAXATION WITH ENDOGENOUS DEFAULT UNDER INCOMPLETE MARKETS
... problem. Their work differs from this paper in two main aspects. First, they assume an open small economy (i.e., foreign lenders) and more crucially, no secondary markets. Second, in their model the household’s problem is static in the sense that the household does not have access to any savings tec ...
... problem. Their work differs from this paper in two main aspects. First, they assume an open small economy (i.e., foreign lenders) and more crucially, no secondary markets. Second, in their model the household’s problem is static in the sense that the household does not have access to any savings tec ...
Challenges in advanced management accounting
... A strategic approach to management accounting also requires collection of data from the external environment. This may in part be a regular process of monitoring competitors’ share prices, accounting reports, newspaper reports and social media on the internet. However, it also requires an element of ...
... A strategic approach to management accounting also requires collection of data from the external environment. This may in part be a regular process of monitoring competitors’ share prices, accounting reports, newspaper reports and social media on the internet. However, it also requires an element of ...
The Macroeconomics of Shadow Banking Alan Moreira Alexi Savov July 2014
... expand liquidity provision, crowding out money which makes the liquidity supply more fragile. Greater liquidity promotes saving as it allows households to shift consumption to liquidity events when it is most valuable. Greater saving results in lower funding costs for intermediaries, which get passe ...
... expand liquidity provision, crowding out money which makes the liquidity supply more fragile. Greater liquidity promotes saving as it allows households to shift consumption to liquidity events when it is most valuable. Greater saving results in lower funding costs for intermediaries, which get passe ...
Staff Audit Practice Alert No. 11
... PCAOB inspections, request information from their auditors about potential root causes of such findings, and ask how they are addressing the matters discussed in this alert. In particular, audit committees may want to inquire about the involvement and focus by senior members of the firm on these mat ...
... PCAOB inspections, request information from their auditors about potential root causes of such findings, and ask how they are addressing the matters discussed in this alert. In particular, audit committees may want to inquire about the involvement and focus by senior members of the firm on these mat ...
Characteristics and Hardships Associated with Bank Account
... later at HFS2. A small percentage (1.6%) of those who were banked at HFS1 were unbanked 6 months later. The fluidity of bank account ownership, represented by the high proportion participants who were unbanked at HFS1 and banked at HFS2, is worth noting, even when we consider attrition bias.9 Among ...
... later at HFS2. A small percentage (1.6%) of those who were banked at HFS1 were unbanked 6 months later. The fluidity of bank account ownership, represented by the high proportion participants who were unbanked at HFS1 and banked at HFS2, is worth noting, even when we consider attrition bias.9 Among ...
Epsilon Fund - Fideuram Vita
... The FCP offers the public the possibility of investing in a portfolio of financial instruments as authorized by the law, with a view to obtaining capital gain and/or income combined with substantial investment liquidity, in particular when compared to financial products having similar risk and retur ...
... The FCP offers the public the possibility of investing in a portfolio of financial instruments as authorized by the law, with a view to obtaining capital gain and/or income combined with substantial investment liquidity, in particular when compared to financial products having similar risk and retur ...
Reforming insurer profit in the CTP Green Slip Scheme Broad
... mechanism to ‘claw back’ in some way superprofits if and when they emerge in future? The current scheme uncertainties associated with long-tail benefits and common law lump sum damages make pricing of premiums difficult and assessment of ultimate profit levels uncertain. Benefit reform should delive ...
... mechanism to ‘claw back’ in some way superprofits if and when they emerge in future? The current scheme uncertainties associated with long-tail benefits and common law lump sum damages make pricing of premiums difficult and assessment of ultimate profit levels uncertain. Benefit reform should delive ...
Key Issues in the CLO Market Today
... of retention Goes “live” on Dec. 24, 2016 (but managers are determining their compliance strategy now) Market is developing approaches like Capitalized Manager Vehicles or Majority Owned Affiliates Term financing may be available There are points of clarification that will be necessary ...
... of retention Goes “live” on Dec. 24, 2016 (but managers are determining their compliance strategy now) Market is developing approaches like Capitalized Manager Vehicles or Majority Owned Affiliates Term financing may be available There are points of clarification that will be necessary ...
Capital Structure Decision
... capital structure it should not loose site of the future impact of its present financial plan. For example if the firm has exhausted its firms capital it may be force to issue equity shares for future financing on unfavorable term due to heavy debt. Hence the firm should all ways return some unused ...
... capital structure it should not loose site of the future impact of its present financial plan. For example if the firm has exhausted its firms capital it may be force to issue equity shares for future financing on unfavorable term due to heavy debt. Hence the firm should all ways return some unused ...
The Joint Money Laundering Steering Group
... 1.19 Most large firms have completed current customer review (CCR) checks. These could result in different levels of confidence in the identity of the person concerned, depending on the amount of information held on the existing holder. If the review had verified the customer’s identity at least to ...
... 1.19 Most large firms have completed current customer review (CCR) checks. These could result in different levels of confidence in the identity of the person concerned, depending on the amount of information held on the existing holder. If the review had verified the customer’s identity at least to ...
Essays on information asymmetry and the firm
... find that opaque firms experience significantly larger abnormal returns than transparent firms upon an OMR. Following Ikenberry, Lakonishok and Vermaelen (1995), we strategy the sample by book-to-market, which may relate to undervaluation, and examine the effect of firm opacity within book-to-market ...
... find that opaque firms experience significantly larger abnormal returns than transparent firms upon an OMR. Following Ikenberry, Lakonishok and Vermaelen (1995), we strategy the sample by book-to-market, which may relate to undervaluation, and examine the effect of firm opacity within book-to-market ...
Risk Aversion and Clientele Effects
... foundation of asset pricing theory and the definition of capital market integration – i.e. that a unit of risk exposure in one market commands the same compensation as a unit of risk exposure in another. While investor preferences are an important bridge that joins risk exposure and returns, only li ...
... foundation of asset pricing theory and the definition of capital market integration – i.e. that a unit of risk exposure in one market commands the same compensation as a unit of risk exposure in another. While investor preferences are an important bridge that joins risk exposure and returns, only li ...
NP 2012 COC 1 Q.
... stocks, global stocks, emerging market stocks, corporate bonds, long-term U.S. government bonds and Treasury bills, the number of input estimates would be reduced from 20,300 to 35. Given the importance of the asset mix decision and the significant reductions in required estimates obtainable by cons ...
... stocks, global stocks, emerging market stocks, corporate bonds, long-term U.S. government bonds and Treasury bills, the number of input estimates would be reduced from 20,300 to 35. Given the importance of the asset mix decision and the significant reductions in required estimates obtainable by cons ...
Friends Life Investment Bond Fund Guide
... markets. Over time a fund manager may change the assets they invest in. This may mean that funds move from one risk ratings to another. You should review your fund choice regularly to make sure it’s still meeting your objectives. But remember, past performance is not a guide to the future. The risk ...
... markets. Over time a fund manager may change the assets they invest in. This may mean that funds move from one risk ratings to another. You should review your fund choice regularly to make sure it’s still meeting your objectives. But remember, past performance is not a guide to the future. The risk ...
The Financialization of Commodity Markets
... Before we dive into the intensive debate about the effects of financialization, we first review several economic mechanisms through which futures market trading can impact commodity prices. We first describe the standard theory of storage, in which the spread between futures price and spot price ser ...
... Before we dive into the intensive debate about the effects of financialization, we first review several economic mechanisms through which futures market trading can impact commodity prices. We first describe the standard theory of storage, in which the spread between futures price and spot price ser ...
AN INTERTEMPORAL ASSET PRICING MODEL WITH
... specific variable, rather than many betas measured relative to unspecified variables, may make it easier to test and to implement, given certain stationarity assumptions on the joint distributions of rates of return and ...
... specific variable, rather than many betas measured relative to unspecified variables, may make it easier to test and to implement, given certain stationarity assumptions on the joint distributions of rates of return and ...
Ashmore Emerging Markets Liquid Investment Portfolio Ashmore
... Local currencies underperformed during the quarter with significant dispersion between countries, leading the JP Morgan ELMI+ index to decline 0.2%. The first quarter of 2014 was full of surprises as EM assets performed well despite increased geopolitical and political risk. The situation in Crimea ...
... Local currencies underperformed during the quarter with significant dispersion between countries, leading the JP Morgan ELMI+ index to decline 0.2%. The first quarter of 2014 was full of surprises as EM assets performed well despite increased geopolitical and political risk. The situation in Crimea ...
Capital structure and volatility of risk
... volatility may be that corporate insiders may have private information regarding their own earnings volatility and this is more likely in firms with stochastic volatility. In firms where volatility is not stochastic the market can learn from history about firm volatility. On the other hand, in firms ...
... volatility may be that corporate insiders may have private information regarding their own earnings volatility and this is more likely in firms with stochastic volatility. In firms where volatility is not stochastic the market can learn from history about firm volatility. On the other hand, in firms ...
The size and composition of government debt in - ECB
... relatively minor increases in their government debt-to-GDP ratios, but increases over the period 2007-12 are expected to be huge in Ireland (roughly 93 p.p. of GDP), Greece (about 61 p.p. of GDP), Portugal (around 39 p.p. of GDP), and Spain (around 35 p.p. of GDP). Fourth, there is a precedent in te ...
... relatively minor increases in their government debt-to-GDP ratios, but increases over the period 2007-12 are expected to be huge in Ireland (roughly 93 p.p. of GDP), Greece (about 61 p.p. of GDP), Portugal (around 39 p.p. of GDP), and Spain (around 35 p.p. of GDP). Fourth, there is a precedent in te ...