Focus Point_focus point
... Appreciation The Malaysian Gross Domestic Products (GDP) grew 4.7% in 2013 compared with 5.6% in 2012. Malaysia’s growth was driven by domestic demand, through public spending supported by private consumption and investment. The national economy is expected to remain resilient at above 5% mark in 20 ...
... Appreciation The Malaysian Gross Domestic Products (GDP) grew 4.7% in 2013 compared with 5.6% in 2012. Malaysia’s growth was driven by domestic demand, through public spending supported by private consumption and investment. The national economy is expected to remain resilient at above 5% mark in 20 ...
Enhancing Financial Stability and Resilience
... and energy to this project. I would first like to acknowledge the dedication of the many members of the G30 who actively participated in the Working Group’s project deliberations and discussions. The Working Group was composed of G30 members from the public and private sector and of external exper ...
... and energy to this project. I would first like to acknowledge the dedication of the many members of the G30 who actively participated in the Working Group’s project deliberations and discussions. The Working Group was composed of G30 members from the public and private sector and of external exper ...
Institutional Investors as Blockholders
... and its maintenance over time. Maintenance is required because the ownership equilibrium, once achieved, does not remain in a static state but, rather, it is a dynamic process that exhibits deviations from, and restoration to, the state. In this dynamic process, market mechanisms such as corporate c ...
... and its maintenance over time. Maintenance is required because the ownership equilibrium, once achieved, does not remain in a static state but, rather, it is a dynamic process that exhibits deviations from, and restoration to, the state. In this dynamic process, market mechanisms such as corporate c ...
BANKS` ACQUISITION OF PRIVATE INFORMATION ABOUT
... Bank loans are different from other types of financing because banks monitor their clients closely throughout the loan-lending process and the continuous verification of borrowers’ adherence to debt covenants. Consequently, banks can obtain more information from their clients, giving them an informa ...
... Bank loans are different from other types of financing because banks monitor their clients closely throughout the loan-lending process and the continuous verification of borrowers’ adherence to debt covenants. Consequently, banks can obtain more information from their clients, giving them an informa ...
Presentation GMO Low Volatility Fundamentals
... The above illustrate a hypothetical strategy that GMO does not manage. Hypothetical returns are not predictive of future allocations. The results reflect returns an investor would have obtained had they invested in this hypothetical strategy during the time periods shown and do not represent actual ...
... The above illustrate a hypothetical strategy that GMO does not manage. Hypothetical returns are not predictive of future allocations. The results reflect returns an investor would have obtained had they invested in this hypothetical strategy during the time periods shown and do not represent actual ...
Pathways PDS - North Online
... The Fund’s risk band and risk label are based on an estimation that the number of negative annual returns over any 20 year period would be within the range of 0.5 to less than 1. Information about the methodology used for calculating the risk level can be obtained by contacting us. This summary is n ...
... The Fund’s risk band and risk label are based on an estimation that the number of negative annual returns over any 20 year period would be within the range of 0.5 to less than 1. Information about the methodology used for calculating the risk level can be obtained by contacting us. This summary is n ...
The Impact of Collateral
... which will be phased in over the next few years — is a collaborative endeavour. Both sell-side and buyside firms work bilaterally with each other, and with central securities depositories (CSDs) to develop a fit for purpose cooperative processing model across the industry. Yet, at present, there is ...
... which will be phased in over the next few years — is a collaborative endeavour. Both sell-side and buyside firms work bilaterally with each other, and with central securities depositories (CSDs) to develop a fit for purpose cooperative processing model across the industry. Yet, at present, there is ...
Do Banks Really Care? Social Norms in Bank Lending This version
... by societal views do not experience valuation differences with otherwise similar firms. The authors conclude that there is a significant relation between social views and equity market valuation of firms that do not comply with these, consistent with premise found in Hong and Kacperczyk (2009) that ...
... by societal views do not experience valuation differences with otherwise similar firms. The authors conclude that there is a significant relation between social views and equity market valuation of firms that do not comply with these, consistent with premise found in Hong and Kacperczyk (2009) that ...
What is the information content of dividend changes
... positive associations between accounting proxies for asymmetric information and expected returns, and between these proxies and insider trading profits. Both papers employ earnings-related proxies for information risk and their findings lend empirical support to the theoretical argument that informa ...
... positive associations between accounting proxies for asymmetric information and expected returns, and between these proxies and insider trading profits. Both papers employ earnings-related proxies for information risk and their findings lend empirical support to the theoretical argument that informa ...
- amtek holdings berhad
... Company or any related corporation. The election of Chairman is subject to endorsement by the Board of Directors. If a member of Audit Committee resigns, dies or for any other reason ceases to be a member resulting in the number of members to be reduced to below three (3), the Board of Directors sha ...
... Company or any related corporation. The election of Chairman is subject to endorsement by the Board of Directors. If a member of Audit Committee resigns, dies or for any other reason ceases to be a member resulting in the number of members to be reduced to below three (3), the Board of Directors sha ...
securities trading on multiple marketplaces
... in the principal marketplace until execution or expiry (whichever comes first) and Good Till Cancelled Orders will only last for a maximum of 30-calendar-days. The client is required to contact us if they require the order to be re-instated after the 30- calendar-day period has lapsed. All or Nothin ...
... in the principal marketplace until execution or expiry (whichever comes first) and Good Till Cancelled Orders will only last for a maximum of 30-calendar-days. The client is required to contact us if they require the order to be re-instated after the 30- calendar-day period has lapsed. All or Nothin ...
Transactions Costs and Capital Structure Choice: Evidence from
... selling assets and/or new securities. However, for a number of reasons these options may be quite costly: firms cannot unilaterally force a financial settlement on all creditors, giving individual creditors an incentive to hold out; various regulations discourage institutional lenders from writing d ...
... selling assets and/or new securities. However, for a number of reasons these options may be quite costly: firms cannot unilaterally force a financial settlement on all creditors, giving individual creditors an incentive to hold out; various regulations discourage institutional lenders from writing d ...
Risk Management and Value Creation in Financial Institutions
... in the financial industry has been one of the most exciting and most researched areas over the last decade. Depositors and regulators claim that risk management is necessary, and many banks argue that superior risk management can create (shareholder) value. However, from a theoretical point of view, ...
... in the financial industry has been one of the most exciting and most researched areas over the last decade. Depositors and regulators claim that risk management is necessary, and many banks argue that superior risk management can create (shareholder) value. However, from a theoretical point of view, ...
Credit Ratings and The Cross
... suggests that the fundamental performance of the low rated stocks is substantially worse than that of the high rated stocks both before and after a rating downgrade. The deteriorating fundamental performance or low rated stocks around downgrades is consistent with the severe decline in their prices. ...
... suggests that the fundamental performance of the low rated stocks is substantially worse than that of the high rated stocks both before and after a rating downgrade. The deteriorating fundamental performance or low rated stocks around downgrades is consistent with the severe decline in their prices. ...
Labor income risk and asset returns
... This last equation tells us that the log human capital to labor income ration ratio has to be equal to the discounted sum of future labor income growth and human capital returns. Moreover, this equation is similar, both in structure and interpretation, to the relation between the log dividend-price ...
... This last equation tells us that the log human capital to labor income ration ratio has to be equal to the discounted sum of future labor income growth and human capital returns. Moreover, this equation is similar, both in structure and interpretation, to the relation between the log dividend-price ...
Testing CAPM
... Counter-argument: – Roll and Ross (1994): even when stock market index is not far from the frontier, CAPM can be rejected EFM 2005/6 ...
... Counter-argument: – Roll and Ross (1994): even when stock market index is not far from the frontier, CAPM can be rejected EFM 2005/6 ...
Dreyfus Variable Investment Fund: Quality Bond Portfolio
... or portfolio can be approximated by multiplying its duration by a change in interest rates. For example, the market price of a fixed-income security with a duration of three years would be expected to decline 3% if interest rates rose 1%. Conversely, the market price of the same security would be ex ...
... or portfolio can be approximated by multiplying its duration by a change in interest rates. For example, the market price of a fixed-income security with a duration of three years would be expected to decline 3% if interest rates rose 1%. Conversely, the market price of the same security would be ex ...
Information Needs of Users of New Zealand Capital Markets Entity
... General Purpose Financial Reports (GPFR) of New Zealand for-profit entities that apply Tier 1 accounting requirements (NZ IFRS) in preparing their GPFR (Tier 1 for-profit entities)1. This includes a focus on whether the information needs of users of for-profit entities operating in the New Zealand d ...
... General Purpose Financial Reports (GPFR) of New Zealand for-profit entities that apply Tier 1 accounting requirements (NZ IFRS) in preparing their GPFR (Tier 1 for-profit entities)1. This includes a focus on whether the information needs of users of for-profit entities operating in the New Zealand d ...
Financial Optimization Problems in Life and Pension Insurance
... they manage their policies? How should the systematic surplus that typically emerges over the policy terms (due to the prudent assessment of future interest rates) be redistributed to the policyholder(s)? What criteria should be imposed to ensure that policies are fair ? What happens if the actual y ...
... they manage their policies? How should the systematic surplus that typically emerges over the policy terms (due to the prudent assessment of future interest rates) be redistributed to the policyholder(s)? What criteria should be imposed to ensure that policies are fair ? What happens if the actual y ...
