Forward Looking Statements Non-GAAP
... that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of net realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating ...
... that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of net realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating ...
Is the Risk-Return Tradeoff Hypothesis valid: Should an
... Fama based the idea about EMH on the random walk theory. He also stated that there are three different forms of efficiency when discussing available information, according to the EMH: i) weak-form efficiency ii) semi-strong form efficiency and iii) strong-form efficiency. The weak-form efficiency im ...
... Fama based the idea about EMH on the random walk theory. He also stated that there are three different forms of efficiency when discussing available information, according to the EMH: i) weak-form efficiency ii) semi-strong form efficiency and iii) strong-form efficiency. The weak-form efficiency im ...
For personal use only
... The flight control system in the present configuration on Prototype 12 will soon be obsolete and the Company has been working for some time with a company from Spain to provide an off-the-shelf system that will be configurable in the future for the growth potential of the capability of the Jetpack. ...
... The flight control system in the present configuration on Prototype 12 will soon be obsolete and the Company has been working for some time with a company from Spain to provide an off-the-shelf system that will be configurable in the future for the growth potential of the capability of the Jetpack. ...
Lecture 08: Multi-period Model period Model
... • In the "static static dynamic dynamic" model we assumed that there were many periods and information was gradually revealed (this is the dynamic part)… • …but b all ll assets are traded d d "at " the h bbeginning i i off time" i " (this is the static part). • Now consequences of re re-opening open ...
... • In the "static static dynamic dynamic" model we assumed that there were many periods and information was gradually revealed (this is the dynamic part)… • …but b all ll assets are traded d d "at " the h bbeginning i i off time" i " (this is the static part). • Now consequences of re re-opening open ...
Barbados National Oil Company Limited 2013
... This successful partnership allowed the Company to increase its production from approximately 630 barrels of oil a day to approximately 1,700 barrels of oil per day (BOPD), with a corresponding increase in natural gas to approximately 1,200 MCF per day. However, while the production of natural gas r ...
... This successful partnership allowed the Company to increase its production from approximately 630 barrels of oil a day to approximately 1,700 barrels of oil per day (BOPD), with a corresponding increase in natural gas to approximately 1,200 MCF per day. However, while the production of natural gas r ...
The Behavior of US Interest Rate Swap Spreads in Global Financial
... As for the analysis of the interest rate swap spreads in US market, previous studies such as Sun et al (1993), Brown et al (1994), Duffie and Huang (1996), Cossin and Pirotte (1997), Minton (1997),Lang et al (1998), Lekkos and Milas (2001), Fehle (2003), Huang and Chen (2007) and Ito(2010) are cited ...
... As for the analysis of the interest rate swap spreads in US market, previous studies such as Sun et al (1993), Brown et al (1994), Duffie and Huang (1996), Cossin and Pirotte (1997), Minton (1997),Lang et al (1998), Lekkos and Milas (2001), Fehle (2003), Huang and Chen (2007) and Ito(2010) are cited ...
Revisiting Asset Pricing under Habit Formation in an Overlapping
... On the other hand, Constantinides, Donaldson, and Mehra (2002) (hereafter CDM) propose an overlapping-generations (hereafter OLG) model that explicitly captures the saving and dissaving behavior of consumers subject to a borrowing constraint. CDM show that with a simple time separable utility functi ...
... On the other hand, Constantinides, Donaldson, and Mehra (2002) (hereafter CDM) propose an overlapping-generations (hereafter OLG) model that explicitly captures the saving and dissaving behavior of consumers subject to a borrowing constraint. CDM show that with a simple time separable utility functi ...
Ground rents: an opportunity for institutional investors to
... institutions such as pension funds are looking for assets with which to match long duration liabilities that pay above the risk-free rate. Some long-term savings contracts in Germany and deferred annuity contracts in the UK, for example, have long duration liabilities, yet there are very few assets ...
... institutions such as pension funds are looking for assets with which to match long duration liabilities that pay above the risk-free rate. Some long-term savings contracts in Germany and deferred annuity contracts in the UK, for example, have long duration liabilities, yet there are very few assets ...
Preferred Equity Rider to Loan Agreement
... “Preferred Equity Guarantor” is the Person who has executed the Preferred Equity Guaranty. “Preferred Equity Guaranty” means the non-recourse guaranty or other guaranty executed by Preferred Equity Guarantor. “Preferred Equity Interests” means direct or indirect ownership interests in Borrower which ...
... “Preferred Equity Guarantor” is the Person who has executed the Preferred Equity Guaranty. “Preferred Equity Guaranty” means the non-recourse guaranty or other guaranty executed by Preferred Equity Guarantor. “Preferred Equity Interests” means direct or indirect ownership interests in Borrower which ...
FREE Sample Here
... calculate the DSO, then move to a lower DSO which would require a reduction in receivables, and then determine the effects on ROE and EPS under different conditions. Similarly, we could have focused on fixed assets and the FA turnover ratio. In any of these cases, we could have had you use the funds ...
... calculate the DSO, then move to a lower DSO which would require a reduction in receivables, and then determine the effects on ROE and EPS under different conditions. Similarly, we could have focused on fixed assets and the FA turnover ratio. In any of these cases, we could have had you use the funds ...
Financial Innovation: The Bright and the Dark Sides
... existing studies take a “case study” approach and focus on very specific innovations such as new forms of financial securities (e.g. Grinblatt and Longstaff, 2000; Schroth, 2003; Henderson and Pearson, 2011), the introduction of credit scoring techniques (Frame and White, 2004, 2009; Akhavein et al. ...
... existing studies take a “case study” approach and focus on very specific innovations such as new forms of financial securities (e.g. Grinblatt and Longstaff, 2000; Schroth, 2003; Henderson and Pearson, 2011), the introduction of credit scoring techniques (Frame and White, 2004, 2009; Akhavein et al. ...
NBER WORKING PAPER SERIES WELFARE COSTS OF LONG-RUN TEMPERATURE SHIFTS Ravi Bansal
... tail events as in Pindyck (2011) and Weitzman (2009). For our quantitative analysis we use the standard calibration for preferences laid out in Bansal and Yaron (2004). All of our model specifications match the joint consumption and temperature dynamics. Each of the models also matches the risk-fre ...
... tail events as in Pindyck (2011) and Weitzman (2009). For our quantitative analysis we use the standard calibration for preferences laid out in Bansal and Yaron (2004). All of our model specifications match the joint consumption and temperature dynamics. Each of the models also matches the risk-fre ...
Inflation, Debt, and Default
... Consistent with the data, our model predicts that borrowing costs fall as the covariance of inflation and consumption growth increases. During normal times, relative to its countercyclical counterpart, the procyclical inflation economy sustains similar levels of debt, exhibits higher default risk, ...
... Consistent with the data, our model predicts that borrowing costs fall as the covariance of inflation and consumption growth increases. During normal times, relative to its countercyclical counterpart, the procyclical inflation economy sustains similar levels of debt, exhibits higher default risk, ...
A Model of Capital and Crises Zhiguo He Arvind Krishnamurthy May 2011
... is to model an open-ending friction, rather than a capital friction, into a model of intermediation. Finally, many of our asset pricing results come from assuming that some markets are segmented and that households can only trade in these markets by accessing intermediaries. Our paper is related to ...
... is to model an open-ending friction, rather than a capital friction, into a model of intermediation. Finally, many of our asset pricing results come from assuming that some markets are segmented and that households can only trade in these markets by accessing intermediaries. Our paper is related to ...
Global Style Portfolios Based on Country Indices
... based on individual stocks could be used to study the performance of investment strategies based on country or industry indices. The evidence reported in Richards (1997), Asness, Liew and Stevens (1997), Moskowitz and Giblatt (1999), Bhorjaj and Swaminathan (2006), Balvers and Wu (2006), Blitz and v ...
... based on individual stocks could be used to study the performance of investment strategies based on country or industry indices. The evidence reported in Richards (1997), Asness, Liew and Stevens (1997), Moskowitz and Giblatt (1999), Bhorjaj and Swaminathan (2006), Balvers and Wu (2006), Blitz and v ...
