Client focused Outcome orientated
... financial intermediaries, insurance companies, state funds and charitable institutions. River and Mercantile is focused on creating investment solutions for its clients across its core markets: ...
... financial intermediaries, insurance companies, state funds and charitable institutions. River and Mercantile is focused on creating investment solutions for its clients across its core markets: ...
Pricing of Corporate Loan : Credit Risk and Liquidity cost
... than a retail loan contract. These options are designed to meet clients’ expectations and can include e.g., a prepayment option (which entitles the client, if he desires so, to pay all or a fraction of its loan earlier than the maturity), a multi-currency option, a multi-index option, etc. On the ot ...
... than a retail loan contract. These options are designed to meet clients’ expectations and can include e.g., a prepayment option (which entitles the client, if he desires so, to pay all or a fraction of its loan earlier than the maturity), a multi-currency option, a multi-index option, etc. On the ot ...
Ownership structure and the performance of firms
... Using Tobin’s Q as a measurement of performance and the percentage of shares owned by the Board of Directors as a measure of ownership. Morck et al. (1988) used piecewise linear regression techniques (allowing the coefficients on the ownership variable to change at the 5% and 25% ownership levels) t ...
... Using Tobin’s Q as a measurement of performance and the percentage of shares owned by the Board of Directors as a measure of ownership. Morck et al. (1988) used piecewise linear regression techniques (allowing the coefficients on the ownership variable to change at the 5% and 25% ownership levels) t ...
NBER WORKING PAPER SERIES SHOULD WE FEAR DERIVATIVES? Rene M. Stulz
... markets. With that assumption (and, often, some other more technical assumptions), one can find a portfolio strategy that does not use the derivative and only requires an initial investment such that the portfolio pays the same as the derivative at maturity. The portfolio is called a replicating por ...
... markets. With that assumption (and, often, some other more technical assumptions), one can find a portfolio strategy that does not use the derivative and only requires an initial investment such that the portfolio pays the same as the derivative at maturity. The portfolio is called a replicating por ...
The Market for OTC Derivatives
... the equilibrium price dispersion across different bilateral trades. These motivations result in entry patterns corroborated by empirical evidence: small-sized banks cannot spread the fixed entry cost over many traders, and choose not to enter. Medium-sized banks only find it optimal to enter the ma ...
... the equilibrium price dispersion across different bilateral trades. These motivations result in entry patterns corroborated by empirical evidence: small-sized banks cannot spread the fixed entry cost over many traders, and choose not to enter. Medium-sized banks only find it optimal to enter the ma ...
Fama EF and French KR (1996) Multifactor explanations of asset
... A brief review of the relevant studies has been presented in this section: Earlier evidence concerning the relation between stock returns and the effects of size and earnings to price ratio (E/P) was not clear-cut. This paper re-examined these two effects with a substantially longer sample period, 1 ...
... A brief review of the relevant studies has been presented in this section: Earlier evidence concerning the relation between stock returns and the effects of size and earnings to price ratio (E/P) was not clear-cut. This paper re-examined these two effects with a substantially longer sample period, 1 ...
View/Open
... million was available from financing activities as against Rs.707.155 million was used for retiring bank borrowings during last year. Hence, short term borrowings of the company remained controlled and at previous year's reduced level on close of current financial year. Cash used in investing activi ...
... million was available from financing activities as against Rs.707.155 million was used for retiring bank borrowings during last year. Hence, short term borrowings of the company remained controlled and at previous year's reduced level on close of current financial year. Cash used in investing activi ...
Dynamic Volatility Targeting
... underlying asset rises. This characteristic is unique to a long options position and is referred to as positive gamma. This is in contrast to linear hedges like swaps, futures, and forwards where the degree of protection remains constant regardless of the price behavior of the underlying instrument. ...
... underlying asset rises. This characteristic is unique to a long options position and is referred to as positive gamma. This is in contrast to linear hedges like swaps, futures, and forwards where the degree of protection remains constant regardless of the price behavior of the underlying instrument. ...
Proactive Financial Reporting Enforcement and Firm Value
... In this paper, we exploit a setting with unanticipated, within-country changes in enforcement intensity to provide evidence on whether, and under what conditions, additional proactive financial reporting enforcement (FRE) increases equity values. We examine the proactive focus sector review program ...
... In this paper, we exploit a setting with unanticipated, within-country changes in enforcement intensity to provide evidence on whether, and under what conditions, additional proactive financial reporting enforcement (FRE) increases equity values. We examine the proactive focus sector review program ...
Pricing Rate of Return Guarantees in Regular Premium Unit Linked
... UL context can therefore be considered as some kind of stock option. Many insurance companies have given guarantees on UL contracts in the beginning of the nineties, not realizing the risk attached to this product characteristic. With the current bearish stock markets and Fair Value calculations at ...
... UL context can therefore be considered as some kind of stock option. Many insurance companies have given guarantees on UL contracts in the beginning of the nineties, not realizing the risk attached to this product characteristic. With the current bearish stock markets and Fair Value calculations at ...
Deregulation and the Cost of Public Debt
... series of initiatives that substantially reduced regulatory constraints affecting several major industries. Such deregulation had wide ranging effects on these industries. Numerous studies have presented evidence on how deregulation has affected prices, output, wages, employment, profits, and other ...
... series of initiatives that substantially reduced regulatory constraints affecting several major industries. Such deregulation had wide ranging effects on these industries. Numerous studies have presented evidence on how deregulation has affected prices, output, wages, employment, profits, and other ...
Financialization and Neoliberalism
... markets, financial actors and financial institutions in the operation of domestic and international economies." To clarify this definition, it may be helpful to explain what is meant by "finance." Finance has to do with the movement of purchasing power between actors in the economy, either in the fo ...
... markets, financial actors and financial institutions in the operation of domestic and international economies." To clarify this definition, it may be helpful to explain what is meant by "finance." Finance has to do with the movement of purchasing power between actors in the economy, either in the fo ...
A Financial Optimization Approach to Quantitative
... The Swedish National Debt Office (SNDO) is the Swedish Government’s financial administration. It has several tasks and the main one is to manage the central government’s debt in a way that minimizes the cost with due regard to risk. The debt management problem is to choose currency composition and m ...
... The Swedish National Debt Office (SNDO) is the Swedish Government’s financial administration. It has several tasks and the main one is to manage the central government’s debt in a way that minimizes the cost with due regard to risk. The debt management problem is to choose currency composition and m ...
Market Matters EUR and USD Credit Spreads
... performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial servic ...
... performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial servic ...
Uncertainty, Asymmetric Information, and Market Failure
... of L. Ahab, after receiving word of an attack on this year’s convoy, goes to Lloyd’s Coffee House in the City of London, to console himself. Isaac Mutant also frequents the coffee house and overhears Ahab’s fulminations against the pirates. He decides to plot a histogram of the probability of Ahab’s ...
... of L. Ahab, after receiving word of an attack on this year’s convoy, goes to Lloyd’s Coffee House in the City of London, to console himself. Isaac Mutant also frequents the coffee house and overhears Ahab’s fulminations against the pirates. He decides to plot a histogram of the probability of Ahab’s ...
Who Owns the Assets?
... health, life, monoline, and reinsurers. Each type of insurance company has a different business model with specific products from which they project their liabilities. While individual company portfolios differ significantly, the asset allocation of a typical insurance company is heavily weighted to ...
... health, life, monoline, and reinsurers. Each type of insurance company has a different business model with specific products from which they project their liabilities. While individual company portfolios differ significantly, the asset allocation of a typical insurance company is heavily weighted to ...
WHAT YOU NEED TO KNOW ABOUT THE EU
... NFC used in the SFTR is broader than under EMIR as it extends to non-EU entities (third country entities or TCEs) that would be FCs/NFCs (as appropriate) if they were in the EU. This is because EU branches of these entities are in scope for SFTR, and for the Reuse Obligation these entities will be i ...
... NFC used in the SFTR is broader than under EMIR as it extends to non-EU entities (third country entities or TCEs) that would be FCs/NFCs (as appropriate) if they were in the EU. This is because EU branches of these entities are in scope for SFTR, and for the Reuse Obligation these entities will be i ...
13% - Oracle
... and we always comply with the law as best we can.” This is true. But typically, organizations also carry out these activities in a fragmented, siloed manner, duplicating both human and information resources and patching together systems to provide information needed to support all of these efforts. ...
... and we always comply with the law as best we can.” This is true. But typically, organizations also carry out these activities in a fragmented, siloed manner, duplicating both human and information resources and patching together systems to provide information needed to support all of these efforts. ...
Risk Analysis of Collateralized Debt Obligations
... applications, including the estimation of profit and loss distributions for positions in multiple tranches of a CDO. These distributions quantify and differentiate the risk exposure of alternative investment positions, and the impact of complex contract features. They are preferable to agency ratin ...
... applications, including the estimation of profit and loss distributions for positions in multiple tranches of a CDO. These distributions quantify and differentiate the risk exposure of alternative investment positions, and the impact of complex contract features. They are preferable to agency ratin ...