Investment Basics XLVI. On estimating the beta coefficient
... measuring the share’s total risk expressed in % per month. ...
... measuring the share’s total risk expressed in % per month. ...
LIQUIDITY MANAGEMENT TOP TEN: FINE TUNING CASH
... supply and demand are not always observable. In a liquidity-based market crisis, price behavior often depends on who holds what and who must liquidate. While no one can pinpoint when the next market liquidity event may occur, portfolio liquidity management in times of smooth sailing is certainly wit ...
... supply and demand are not always observable. In a liquidity-based market crisis, price behavior often depends on who holds what and who must liquidate. While no one can pinpoint when the next market liquidity event may occur, portfolio liquidity management in times of smooth sailing is certainly wit ...
The Recent Convergence of Financial Development in Asia
... Recently, the role of electronics and telecommunications has been explored as a catalyst for financial development. Technology is being used to develop new financial channels and to change the quality of financial services delivered. For example, where access to bank branches is limited, the unprece ...
... Recently, the role of electronics and telecommunications has been explored as a catalyst for financial development. Technology is being used to develop new financial channels and to change the quality of financial services delivered. For example, where access to bank branches is limited, the unprece ...
The Existence of Corporate Bond Clawbacks
... managers know the projects are “good” but they have difficulty in convincing bondholders. As a result, the firm must pay higher interest costs than they “should” given the quality of the project 5. Third, the model documents that, in the presence of high benefits of private control, the option to co ...
... managers know the projects are “good” but they have difficulty in convincing bondholders. As a result, the firm must pay higher interest costs than they “should” given the quality of the project 5. Third, the model documents that, in the presence of high benefits of private control, the option to co ...
NBER WORKING PAPER SERIES INTERNATIONAL CAPITAL FLOWS RETURNS AND WORLD FINANCIAL INTEGRATION
... form of the equity of domestic firms producing traded and nontraded goods. The equilibrium in this economy serves as a benchmark for gauging the effects of financial integration. Under pi, we open a world bond market. Now households can allocate their wealth between domestic equity and international ...
... form of the equity of domestic firms producing traded and nontraded goods. The equilibrium in this economy serves as a benchmark for gauging the effects of financial integration. Under pi, we open a world bond market. Now households can allocate their wealth between domestic equity and international ...
An Overview of Return-Based and Asset
... Equity long/short hedge funds are exposed to the stock market and the spread between large cap and small cap stocks. 1.3. Focus on the Risk Arbitrage strategy Mitchell and Pulvino (2000) examine the replication of the Risk Arbitrage strategy from 1963 to 1998, using a database of 4750 mergers. The ...
... Equity long/short hedge funds are exposed to the stock market and the spread between large cap and small cap stocks. 1.3. Focus on the Risk Arbitrage strategy Mitchell and Pulvino (2000) examine the replication of the Risk Arbitrage strategy from 1963 to 1998, using a database of 4750 mergers. The ...
The Determinants of Corporate Bond Yield Spreads in
... higher than the debt of its government. The economic rationale behind the sovereign rating ceiling for foreign-currency debt obligations is direct sovereign intervention risk, also called transfer risk; the rationale behind the sovereign rating ceiling for domesticcurrency debt obligations is what S ...
... higher than the debt of its government. The economic rationale behind the sovereign rating ceiling for foreign-currency debt obligations is direct sovereign intervention risk, also called transfer risk; the rationale behind the sovereign rating ceiling for domesticcurrency debt obligations is what S ...
Debt-Management_The-Case-of-Kenya_CPA-Fred-Riaga
... Why public debt? 1. A government, like any other economic unit, collects revenue & spends it. There’re instances when its expenditures will exceed its receipts and vice verse -Unevenness in receipts & expenditure flows, will, therefore, create only short term loan obligations of the government 2. ...
... Why public debt? 1. A government, like any other economic unit, collects revenue & spends it. There’re instances when its expenditures will exceed its receipts and vice verse -Unevenness in receipts & expenditure flows, will, therefore, create only short term loan obligations of the government 2. ...
ESSAYS ON DETERMINANTS OF FINANCIAL BEHAVIOR OF
... This thesis investigates the role of individual-specific factors in individuals’ financial behavior. The main focus of the analysis is on two characteristics of individuals: risk attitude and gender. Although these two factors are believed to be important determinants of financial behavior, a review ...
... This thesis investigates the role of individual-specific factors in individuals’ financial behavior. The main focus of the analysis is on two characteristics of individuals: risk attitude and gender. Although these two factors are believed to be important determinants of financial behavior, a review ...
Key input factors for discounted cash flow valuations
... and it is possible to estimate it by looking at asset´s fundamentals. It would be perfect if it could exist analyst with access to all information available right now and perfect valuation model. However, it is not true. But we can still aspire to be close as we can. The problem lies in the fact tha ...
... and it is possible to estimate it by looking at asset´s fundamentals. It would be perfect if it could exist analyst with access to all information available right now and perfect valuation model. However, it is not true. But we can still aspire to be close as we can. The problem lies in the fact tha ...
Unburnable Carbon 2013: Wasted capital and stranded assets (opens in new window)
... a rise in global average temperature of more than 2°C above pre-industrial levels, with the possibility of revising this down to 1.5°C. The modelling used in previous analyses by Carbon Tracker and the IEA showed that the carbon budget for a 2°C scenario would be around 565 – 886 billion tonnes (Gt) ...
... a rise in global average temperature of more than 2°C above pre-industrial levels, with the possibility of revising this down to 1.5°C. The modelling used in previous analyses by Carbon Tracker and the IEA showed that the carbon budget for a 2°C scenario would be around 565 – 886 billion tonnes (Gt) ...
Free Full Text ( Final Version , 232kb )
... The awareness of emerging market bonds has quickly increased since the 1980s. Apart from foreign direct investment, there has also been a growing interest both from developed countries and international investors. The risks associated with investing sovereign bonds contain the ordinary risks that ar ...
... The awareness of emerging market bonds has quickly increased since the 1980s. Apart from foreign direct investment, there has also been a growing interest both from developed countries and international investors. The risks associated with investing sovereign bonds contain the ordinary risks that ar ...
Report: Unburnable carbon 2013: Wasted capital and stranded assets
... a rise in global average temperature of more than 2°C above pre-industrial levels, with the possibility of revising this down to 1.5°C. The modelling used in previous analyses by Carbon Tracker and the IEA showed that the carbon budget for a 2°C scenario would be around 565 – 886 billion tonnes (Gt) ...
... a rise in global average temperature of more than 2°C above pre-industrial levels, with the possibility of revising this down to 1.5°C. The modelling used in previous analyses by Carbon Tracker and the IEA showed that the carbon budget for a 2°C scenario would be around 565 – 886 billion tonnes (Gt) ...
Document
... C(u1, u2,…, uN) = N(N – 1 (u1 ), N – 1 (u2 ), …, N – 1 (uN ); ) where ui is the probability of event i T and i is the default time of the i-th name. The correlation used is the same across all the correlation matrix.The value of a tranche can either be quoted in terms of credit spread or in ter ...
... C(u1, u2,…, uN) = N(N – 1 (u1 ), N – 1 (u2 ), …, N – 1 (uN ); ) where ui is the probability of event i T and i is the default time of the i-th name. The correlation used is the same across all the correlation matrix.The value of a tranche can either be quoted in terms of credit spread or in ter ...
Sequencing riSk a key challenge to creating SuStainaBle
... period with the greatest portfolio balance (that is, the worst returns in their worst order). As investigated empirically, the key factors influencing sequencing risk are: the size of the contributions (or withdrawals); the growth of the contributions (or withdrawals) through time; the timing of con ...
... period with the greatest portfolio balance (that is, the worst returns in their worst order). As investigated empirically, the key factors influencing sequencing risk are: the size of the contributions (or withdrawals); the growth of the contributions (or withdrawals) through time; the timing of con ...
Predicting The Financial Failure Of Retail Companies In The United
... a company, and he suggests that it would be very difficult for a model to distinguish between companies that will go bankrupt and companies that are just in financial distress. Because this study specifically looks at companies in the retail industry, a paper by Riordan (1998) is particularly releva ...
... a company, and he suggests that it would be very difficult for a model to distinguish between companies that will go bankrupt and companies that are just in financial distress. Because this study specifically looks at companies in the retail industry, a paper by Riordan (1998) is particularly releva ...
stress testing by large financial institutions
... The activities of large, internationally active financial institutions have grown increasingly complex and diverse in recent years. This increasing complexity has necessarily been accompanied by a process of innovation in how these institutions measure and monitor their exposure to different kinds o ...
... The activities of large, internationally active financial institutions have grown increasingly complex and diverse in recent years. This increasing complexity has necessarily been accompanied by a process of innovation in how these institutions measure and monitor their exposure to different kinds o ...
The financial crisis in the light of the euro area accounts
... by institutional sectors, which essentially results from the balance between saving and capital formation. Throughout the whole period of Monetary Union, both households and financial corporations have been net lenders (i.e. showing an excess of savings over capital formation). In 2004 non-financial ...
... by institutional sectors, which essentially results from the balance between saving and capital formation. Throughout the whole period of Monetary Union, both households and financial corporations have been net lenders (i.e. showing an excess of savings over capital formation). In 2004 non-financial ...
Commercial real estate debt
... and also as investments for short-term investors such as general insurers and shareholder funds, through shorterdated CRE debt. But, did the insurance industry wake up too late to this attractive opportunity? ...
... and also as investments for short-term investors such as general insurers and shareholder funds, through shorterdated CRE debt. But, did the insurance industry wake up too late to this attractive opportunity? ...
