Q1
... to reduce the risk of bank credit and house price spirals developing in the future. The Central Bank does not wish to regulate or directly control house prices. It is expected that the new regulations will be introduced under legislation shortly. The limits are supplementary to individual banks cred ...
... to reduce the risk of bank credit and house price spirals developing in the future. The Central Bank does not wish to regulate or directly control house prices. It is expected that the new regulations will be introduced under legislation shortly. The limits are supplementary to individual banks cred ...
Final notice: JPMorgan Chase Bank NA
... 4.17. JPMorgan operates a “three lines of defence” model to manage risk. JPMorgan’s front office business lines (the first line of defence) had primary responsibility for identification of conduct risks, which they were expected to report to Compliance officers for escalation via relevant business c ...
... 4.17. JPMorgan operates a “three lines of defence” model to manage risk. JPMorgan’s front office business lines (the first line of defence) had primary responsibility for identification of conduct risks, which they were expected to report to Compliance officers for escalation via relevant business c ...
Overvalued Equity and Financing Decisions
... issuance to misvaluation. Consistent with managers catering to maintain overvaluation and with investment-scale economy effects, the sensitivity of equity issuance and total financing to misvaluation is stronger among firms with potential growth opportunities (low book-to-market, high R&D, or small ...
... issuance to misvaluation. Consistent with managers catering to maintain overvaluation and with investment-scale economy effects, the sensitivity of equity issuance and total financing to misvaluation is stronger among firms with potential growth opportunities (low book-to-market, high R&D, or small ...
erasmus university rotterdam - Erasmus University Thesis Repository
... performance. So, there is a contradiction between these studies. That is one of the reasons why I have chosen to write about CSR. One of the questions that raises when I read different articles about CSR is the question ‘who are right the studies that find a positive relation, or the studies that fi ...
... performance. So, there is a contradiction between these studies. That is one of the reasons why I have chosen to write about CSR. One of the questions that raises when I read different articles about CSR is the question ‘who are right the studies that find a positive relation, or the studies that fi ...
Investment Analysis and Portfolio Management
... despite 3’s shorter maturity, depending on the relative size of the liquidity and maturity premiums. However, we expect r3 to be less than 4.5 percent, the expected interest rate on Investment 4 if it had low liquidity. Thus 2.5 percent < r3 < 4.5 percent. ...
... despite 3’s shorter maturity, depending on the relative size of the liquidity and maturity premiums. However, we expect r3 to be less than 4.5 percent, the expected interest rate on Investment 4 if it had low liquidity. Thus 2.5 percent < r3 < 4.5 percent. ...
Important Information about Certificates of Deposit
... security from another investor or broker-dealer rather than the issuing entity. For further discussion of the secondary market, please see the “Secondary Market Risks” section. Market index CDs are appealing to many investors because, if held to maturity, a return of 100% of the original investment ...
... security from another investor or broker-dealer rather than the issuing entity. For further discussion of the secondary market, please see the “Secondary Market Risks” section. Market index CDs are appealing to many investors because, if held to maturity, a return of 100% of the original investment ...
RP 2011-45 - Department of Economics and Business Economics
... copula for risk management, and this di¤erence is robust to allowing for time-varying correlations. Applications of copulas in …nance typically restrict attention to the two-dimensional case which is motivated for example by a single-factor model. While many types of asymmetric copulas are not tract ...
... copula for risk management, and this di¤erence is robust to allowing for time-varying correlations. Applications of copulas in …nance typically restrict attention to the two-dimensional case which is motivated for example by a single-factor model. While many types of asymmetric copulas are not tract ...
Optimal Debt and Equity Values in the Presence of Chapter 7 and
... feature is the point of qualitative departure from Leland (1994), who allows for only one boundary, the liquidation boundary.6 It is important to point out at this stage that we are modeling financial rather than economical distress. Bankruptcy by itself is not going to cause poor performance.7 Rath ...
... feature is the point of qualitative departure from Leland (1994), who allows for only one boundary, the liquidation boundary.6 It is important to point out at this stage that we are modeling financial rather than economical distress. Bankruptcy by itself is not going to cause poor performance.7 Rath ...
Learning, Rare Disasters, and Asset Prices
... facilitates agents’ learning about the state: so the variation of equity return resulting from the timevarying uncertainty of the state is only mild. It is only when the two types of uncertainty interact that agents’ perceived uncertainty about future consumption growth could vary sufficiently enoug ...
... facilitates agents’ learning about the state: so the variation of equity return resulting from the timevarying uncertainty of the state is only mild. It is only when the two types of uncertainty interact that agents’ perceived uncertainty about future consumption growth could vary sufficiently enoug ...
Download paper (PDF)
... options markets, inferences may depend critically on assumptions about the market price of risk. In bond markets, there is often insufficient volatility in cash flows to make the exercise interesting. By necessity, researchers in finance must rely on strong assumptions relating absolute pricing effi ...
... options markets, inferences may depend critically on assumptions about the market price of risk. In bond markets, there is often insufficient volatility in cash flows to make the exercise interesting. By necessity, researchers in finance must rely on strong assumptions relating absolute pricing effi ...
Refinancing Pressure and Earnings Management
... misreporting, and that the presence of bank debt may actually provide incentives for firms to manage earnings. A second strand of literature that relates directly to our paper involves studies that examine earnings management associated with security issuance. Kim and Park (2005), Cohen and Zarowin ...
... misreporting, and that the presence of bank debt may actually provide incentives for firms to manage earnings. A second strand of literature that relates directly to our paper involves studies that examine earnings management associated with security issuance. Kim and Park (2005), Cohen and Zarowin ...
Click here for PDF - University Blog Service
... Shervani, and Fahey 1998, 1999).' Consistent with conceptual advances in the marketing metrics area (Srivastava, Shervani, and Fahey 1998, 1999), empirical research has identified a value-relevant role for various aspects of marketing strategy, including branding (e.g., Rao, Agarwal, and Dahloff 200 ...
... Shervani, and Fahey 1998, 1999).' Consistent with conceptual advances in the marketing metrics area (Srivastava, Shervani, and Fahey 1998, 1999), empirical research has identified a value-relevant role for various aspects of marketing strategy, including branding (e.g., Rao, Agarwal, and Dahloff 200 ...
Financial Presentation
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
The!Price!of!Poli6cal!Uncertainty:!Theory! and!Evidence!from!the!Op6on!Market! BFI Working Paper Series
... three aspects of risk associated with political events: price risk, tail risk, and variance risk, respectively. In response to a political event, stock prices might drop (price risk), the price drop might be large (tail risk), and return volatility might rise (variance risk). The three types of risk ...
... three aspects of risk associated with political events: price risk, tail risk, and variance risk, respectively. In response to a political event, stock prices might drop (price risk), the price drop might be large (tail risk), and return volatility might rise (variance risk). The three types of risk ...
Medium Term Debt Strategy (MTDS) 2013/14
... actions for restoring economic sustainability and growth. It articulated its economic vision based on trade and investment, market considerations, enhancing private sector involvement, limiting itself within the broader limits imposed by the available resources and broadening the base of resource mo ...
... actions for restoring economic sustainability and growth. It articulated its economic vision based on trade and investment, market considerations, enhancing private sector involvement, limiting itself within the broader limits imposed by the available resources and broadening the base of resource mo ...
The thirty-minute guide to Private Equity
... known generically as derivatives.) Private equity is often linked to hedge funds, a wide category of investment funds seeking high returns (often by investing in derivatives of various kinds) but also taking high risks. Some hedge funds buy the securitised loans associated with private equity takeov ...
... known generically as derivatives.) Private equity is often linked to hedge funds, a wide category of investment funds seeking high returns (often by investing in derivatives of various kinds) but also taking high risks. Some hedge funds buy the securitised loans associated with private equity takeov ...
efficiency of the transition of insurance markets in south
... In the centrally-planned economies the trust between insurer and insured was not so much based on contracts and the commercial legal systems, as on state policy and confidence in state solvency. Some types of insurance were provided even without a written contract between the insurer and the insur ...
... In the centrally-planned economies the trust between insurer and insured was not so much based on contracts and the commercial legal systems, as on state policy and confidence in state solvency. Some types of insurance were provided even without a written contract between the insurer and the insur ...
