Financial Results for the year ended 30 June 2014
... Trading update and outlook for FY15 FY15 YTD revenue growth broad based with all major properties delivering revenue growth at levels consistent with 2H FY14, as the momentum built in 2H FY14 carries forward into the new financial year. Expenses continue to be in line with expectations for FY15 YTD ...
... Trading update and outlook for FY15 FY15 YTD revenue growth broad based with all major properties delivering revenue growth at levels consistent with 2H FY14, as the momentum built in 2H FY14 carries forward into the new financial year. Expenses continue to be in line with expectations for FY15 YTD ...
Financially distressed firms are more likely to issue equity
... The trade-off theory combines the benefits of debt with the costs of debt in one model. The benefits of debt are the tax advantages of having debt. Firms pay taxes on their income, after deducting interest expenses. Having more debt therefore results in a higher deductible amount on taxable income. ...
... The trade-off theory combines the benefits of debt with the costs of debt in one model. The benefits of debt are the tax advantages of having debt. Firms pay taxes on their income, after deducting interest expenses. Having more debt therefore results in a higher deductible amount on taxable income. ...
Investment Decisions and Financial Standing of Portuguese Firms
... virtually all Portuguese corporate firms in the Portuguese Economy, both private and state owned firms (the latter having been removed from the sample) since 2006 until 2011 (which is the most recent data available). One of the main benefits of using IES is the ability to focus the analysis at the m ...
... virtually all Portuguese corporate firms in the Portuguese Economy, both private and state owned firms (the latter having been removed from the sample) since 2006 until 2011 (which is the most recent data available). One of the main benefits of using IES is the ability to focus the analysis at the m ...
PORTFOLIO THEORY : KEY CONCEPTS
... a) Choose the weights to minimise portfolio variance - the weights are then independent of the “badly measured” expected returns. (Note:does not imply a zero expected return - see fig). b) Choose “new proportions” which do not deviate from existing proportions by more than 2%. c) Choose “new proport ...
... a) Choose the weights to minimise portfolio variance - the weights are then independent of the “badly measured” expected returns. (Note:does not imply a zero expected return - see fig). b) Choose “new proportions” which do not deviate from existing proportions by more than 2%. c) Choose “new proport ...
What is Financial Stability? Financial Stability
... stock market crashes. Hence, different forms of instability affect different parts of the financial system and may also differ in their consequences. Further, Chant proposed that financial instability should be distinguished from other forms of instability such as macroeconomic ...
... stock market crashes. Hence, different forms of instability affect different parts of the financial system and may also differ in their consequences. Further, Chant proposed that financial instability should be distinguished from other forms of instability such as macroeconomic ...
Full text - Toulouse School of Economics
... inconsistencies in the empirical research, these values must be extrapolated from studies of other populations that differ in significant respects. The CIH starts with an estimate of the value per statistical life (VSL), which represents a population average of individuals’ marginal rates of substi ...
... inconsistencies in the empirical research, these values must be extrapolated from studies of other populations that differ in significant respects. The CIH starts with an estimate of the value per statistical life (VSL), which represents a population average of individuals’ marginal rates of substi ...
NBER WORKING PAPER SERIES THE EQUITY PREMIUM IN RETROSPECT Rajnish Mehra
... “It is unclear what sources Macaulay used to collect individual stock prices but he included all railroads with actively traded stocks.” Ibid ...
... “It is unclear what sources Macaulay used to collect individual stock prices but he included all railroads with actively traded stocks.” Ibid ...
NBER WORKING PAPER SERIES PRICE Nicolae Gârleanu
... to fund their operations closed down, and the funding problems spread to other investors, such as hedge funds, that relied on bank funding. Therefore, traditional liquidity providers became forced sellers, interest-rate spreads increased dramatically, Treasury rates dropped sharply, and central bank ...
... to fund their operations closed down, and the funding problems spread to other investors, such as hedge funds, that relied on bank funding. Therefore, traditional liquidity providers became forced sellers, interest-rate spreads increased dramatically, Treasury rates dropped sharply, and central bank ...
What Matters for Financial Development? Capital Controls
... ratio). We can consider SMKC as the measure of the size of equity markets and SMTV and SMTO as the measure of the activeness of equity markets. Regarding the measurement issues surrounding financial development, we must make two more notes. First, in this study, we do not look into offshore markets ...
... ratio). We can consider SMKC as the measure of the size of equity markets and SMTV and SMTO as the measure of the activeness of equity markets. Regarding the measurement issues surrounding financial development, we must make two more notes. First, in this study, we do not look into offshore markets ...
Financial Market Bottlenecks and the
... other natural monopolies, FMIs dominate the markets that they serve. For example, two credit card networks finance the lion’s share of consumer transactions,4 while SWIFT is the primary payment messaging system among banks.5 Prior to the financial crisis, little attention was paid to FMIs. They had ...
... other natural monopolies, FMIs dominate the markets that they serve. For example, two credit card networks finance the lion’s share of consumer transactions,4 while SWIFT is the primary payment messaging system among banks.5 Prior to the financial crisis, little attention was paid to FMIs. They had ...
Slide 0 - Prudential Investments
... with “narrow” (“wide”) spreads were the 20% of times when the E/P was the smallest (widest). There is no current existing QMA portfolio with this current composition of assets. An investment cannot be made directly in an index. Please see ‘Notes to Disclosure’ pages for Important Information includi ...
... with “narrow” (“wide”) spreads were the 20% of times when the E/P was the smallest (widest). There is no current existing QMA portfolio with this current composition of assets. An investment cannot be made directly in an index. Please see ‘Notes to Disclosure’ pages for Important Information includi ...
Chapter 6—The Tradeoff Between Risk and Return
... of the distribution of returns. What is the probability that the investment will lose some of your initial investment in the first year? a. 50% b. 34% c. 16% d. unable to determine from the information given ANS: C expected retun = std = .2 P(of investment loss) = P( return < 0) One standard deviati ...
... of the distribution of returns. What is the probability that the investment will lose some of your initial investment in the first year? a. 50% b. 34% c. 16% d. unable to determine from the information given ANS: C expected retun = std = .2 P(of investment loss) = P( return < 0) One standard deviati ...