SASB: a call to the industry to get material sustainability into US
... but they still do it because nothing is better. Sustainability or intangible factors are recognised as affecting valuations, sometimes very significantly, but they are difficult to quantify. We need next-generation systems that can account for so-called non-financial information being part of the fi ...
... but they still do it because nothing is better. Sustainability or intangible factors are recognised as affecting valuations, sometimes very significantly, but they are difficult to quantify. We need next-generation systems that can account for so-called non-financial information being part of the fi ...
Do executives have fixed effects on firm
... release of the bad news. Therefore, it is expected that there exists a management-specific idiosyncratic component in stock price crash risk. Prior studies seem to suggest such a link given the findings of manager fixed-effects in firms’ financial reporting opacity (Ge et al. (2011)), voluntary dis ...
... release of the bad news. Therefore, it is expected that there exists a management-specific idiosyncratic component in stock price crash risk. Prior studies seem to suggest such a link given the findings of manager fixed-effects in firms’ financial reporting opacity (Ge et al. (2011)), voluntary dis ...
A Review of the LIC DSF
... policy making and institutional environment, would be helpful. • Assessing countries’ capacity to capture financial returns on investments is important as it affects fiscal solvency in the long run. ...
... policy making and institutional environment, would be helpful. • Assessing countries’ capacity to capture financial returns on investments is important as it affects fiscal solvency in the long run. ...
British Airways Plc Year ended 31 December 2015
... We listened to customer feedback and provided significantly more opportunities for our customers to book reward flights. In 2015 we guaranteed we would offer nine million redemption seats across our entire network every year, with at least two Club World or Club Europe and four World or Euro Travell ...
... We listened to customer feedback and provided significantly more opportunities for our customers to book reward flights. In 2015 we guaranteed we would offer nine million redemption seats across our entire network every year, with at least two Club World or Club Europe and four World or Euro Travell ...
My Life in Finance - The University of Chicago Booth School of
... way to run the forecasting regression, but again it wasn’t obvious at the time. There is a potential measurement error problem in the regression of the ex post inflation rate on the ex ante (T-bill) interest rate, caused by variation through time in the expected real return on the bill. The model of ...
... way to run the forecasting regression, but again it wasn’t obvious at the time. There is a potential measurement error problem in the regression of the ex post inflation rate on the ex ante (T-bill) interest rate, caused by variation through time in the expected real return on the bill. The model of ...
Bank of England External MPC Unit Discussion Paper No. 46
... which country characteristics can be stabilizing and help mitigate vulnerabilities through international risk sharing. The framework also highlights, however, what country characteristics and types of shocks are more likely to increase a country’s vulnerability. We then apply this framework to asses ...
... which country characteristics can be stabilizing and help mitigate vulnerabilities through international risk sharing. The framework also highlights, however, what country characteristics and types of shocks are more likely to increase a country’s vulnerability. We then apply this framework to asses ...
Capital Account Liberalization, Institutions and Financial Development:
... cross-section of developing and industrialized countries, the no-arbitrage profits conditions have a positive and statistically significant effect upon the lending, stock market capitalization and volatility measures of financial deepening. The total value of shares traded per year measure only appe ...
... cross-section of developing and industrialized countries, the no-arbitrage profits conditions have a positive and statistically significant effect upon the lending, stock market capitalization and volatility measures of financial deepening. The total value of shares traded per year measure only appe ...
International Diversification Versus Domestic Diversification: Mean
... consideration all the distributional moments in the comparison [15]. The SD approach has been regarded as one of the most useful tools for ranking investment prospects (see, for example, [16]), since the ranking of assets has been shown to be equivalent to utility maximization for the preferences of ...
... consideration all the distributional moments in the comparison [15]. The SD approach has been regarded as one of the most useful tools for ranking investment prospects (see, for example, [16]), since the ranking of assets has been shown to be equivalent to utility maximization for the preferences of ...
Accounting for Financial Instruments: Difficulties with Fair Value
... U.S. Generally Accepted Accounting Principles (GAAP) defines financial instruments as “cash, evidence of an ownership interest in a company or other entity, or a contract that does both of the following: 1. Imposes on one entity a contractual obligation either A. to deliver cash or another financial ...
... U.S. Generally Accepted Accounting Principles (GAAP) defines financial instruments as “cash, evidence of an ownership interest in a company or other entity, or a contract that does both of the following: 1. Imposes on one entity a contractual obligation either A. to deliver cash or another financial ...
IFRS 9 Financial Instruments
... Welcome to IFRS Workbooks! These are the latest versions of the legendary workbooks in Russian and English produced by 3 TACIS projects, sponsored by the European Union (2003-2009) and led by PricewaterhouseCoopers. They have also appeared on the website of the Ministry of Finance of the Russian Fed ...
... Welcome to IFRS Workbooks! These are the latest versions of the legendary workbooks in Russian and English produced by 3 TACIS projects, sponsored by the European Union (2003-2009) and led by PricewaterhouseCoopers. They have also appeared on the website of the Ministry of Finance of the Russian Fed ...
Central Bank of the Republic of China (Taiwan)
... In its work to promote financial stability, the CBC focuses primarily on the risks that could affect the stability of the overall financial system. Nevertheless, the CBC still pays close attention to the status of individual institutions as their weaknesses can trigger systemic risks. Purpose of thi ...
... In its work to promote financial stability, the CBC focuses primarily on the risks that could affect the stability of the overall financial system. Nevertheless, the CBC still pays close attention to the status of individual institutions as their weaknesses can trigger systemic risks. Purpose of thi ...
NBER WORKING PAPER SERIES CAPITAL ACCOUNT LIBERALIZATION, INSTITUTIONS AND FINANCIAL
... cross-section of developing and industrialized countries, the no-arbitrage profits conditions have a positive and statistically significant effect upon the lending, stock market capitalization and volatility measures of financial deepening. The total value of shares traded per year measure only appe ...
... cross-section of developing and industrialized countries, the no-arbitrage profits conditions have a positive and statistically significant effect upon the lending, stock market capitalization and volatility measures of financial deepening. The total value of shares traded per year measure only appe ...
CHAPTER_3,5_solutions
... 6. Peer group analysis involves comparing the financial ratios and operating performance of a particular firm to a set of peer group firms in the same industry or line of business. Comparing a firm to its peers allows the financial manager to evaluate whether some aspects of the firm’s operations, f ...
... 6. Peer group analysis involves comparing the financial ratios and operating performance of a particular firm to a set of peer group firms in the same industry or line of business. Comparing a firm to its peers allows the financial manager to evaluate whether some aspects of the firm’s operations, f ...
Topic 4: Asymmetric information models of capital structure
... The expression we got is the total increase in the wealth of the entrepreneur due to investment. In the full information case, this expression was equal to R-I. Now, if the firm has a low intrinsic value so that X = XL, the coefficient of I is less than 1 (recall that X̂ = pXL+(1-p)XH > XL), so the ...
... The expression we got is the total increase in the wealth of the entrepreneur due to investment. In the full information case, this expression was equal to R-I. Now, if the firm has a low intrinsic value so that X = XL, the coefficient of I is less than 1 (recall that X̂ = pXL+(1-p)XH > XL), so the ...
Financial Frictions in Macroeconomic Fluctuations
... There are many approaches used in the literature to generate heterogeneity. One popular approach is that agents are ex-ante identical but they are subject to idiosyncratic shocks. Therefore, the heterogeneity derives from the assumption that at any point in time each agent receives a different shock ...
... There are many approaches used in the literature to generate heterogeneity. One popular approach is that agents are ex-ante identical but they are subject to idiosyncratic shocks. Therefore, the heterogeneity derives from the assumption that at any point in time each agent receives a different shock ...
Stress Testing with a Bottom-Up Corporate Default Prediction Model
... applications if firm-specific knowledge is available, because it could be factored into the generation of more sensible stress testing output. Our empirical analysis focuses on three regions: ASEAN 5, the US and Eurozone 12. ASEAN 5 includes Indonesia, Malaysia, the Philippines, Singapore and Thaila ...
... applications if firm-specific knowledge is available, because it could be factored into the generation of more sensible stress testing output. Our empirical analysis focuses on three regions: ASEAN 5, the US and Eurozone 12. ASEAN 5 includes Indonesia, Malaysia, the Philippines, Singapore and Thaila ...
Credit Risk Assessment Revisited
... to pay 2 its credit obligations to the banking group in full, without recourse by the bank to actions such as realising security (if held)” or when “the obligor is past due more than 90 days on any material credit obligation to the banking group (…)”. This clarification was necessary not only for o ...
... to pay 2 its credit obligations to the banking group in full, without recourse by the bank to actions such as realising security (if held)” or when “the obligor is past due more than 90 days on any material credit obligation to the banking group (…)”. This clarification was necessary not only for o ...
Investments and mortgages supplement
... After identifying the applicant firm's prudential category or categories you will need to look at the relevant prudential sourcebook for the prudential rules and guidance that apply. It is important you consider the prudential category or categories carefully. The category will determine minimum cap ...
... After identifying the applicant firm's prudential category or categories you will need to look at the relevant prudential sourcebook for the prudential rules and guidance that apply. It is important you consider the prudential category or categories carefully. The category will determine minimum cap ...
US Local Government General Obligation Debt
... property tax levy or total tax rate. We use our GO methodology for evaluating such limited tax General Obligation (GOLT) bonds in the same manner as unlimited tax GO bonds, but we may notch downward from the GOULT rating (whether an implied or public rating) to reflect the narrower, limited security ...
... property tax levy or total tax rate. We use our GO methodology for evaluating such limited tax General Obligation (GOLT) bonds in the same manner as unlimited tax GO bonds, but we may notch downward from the GOULT rating (whether an implied or public rating) to reflect the narrower, limited security ...
Climate Change Scenarios
... Agency (“IEA”) data suggest that additional cumulative investment in efficiency improvements, renewable energy, biofuels, nuclear and carbon capture and storage could expand in the range of $3 to $5 trillion by 2030 across the mitigation scenarios examined in this study. This presents meaningful opp ...
... Agency (“IEA”) data suggest that additional cumulative investment in efficiency improvements, renewable energy, biofuels, nuclear and carbon capture and storage could expand in the range of $3 to $5 trillion by 2030 across the mitigation scenarios examined in this study. This presents meaningful opp ...
Yield Curve Analysis: Choosing the optimal maturity date of
... capital market induces that the investment alternatives must lead to equal returns. Such an ideal capital market requires information efficiency and further includes assumptions such as the lack of taxes and transaction fees, as well as the assumption, that every market participant can raise and inves ...
... capital market induces that the investment alternatives must lead to equal returns. Such an ideal capital market requires information efficiency and further includes assumptions such as the lack of taxes and transaction fees, as well as the assumption, that every market participant can raise and inves ...