THE QUEST FOR POLICY SPACE IN A NEW
... 78 New York University Law Review 30 (2003); UNCTAD, World Investment Report (WIR), xvii (2003); Public Citizen, NAFTA’s Threat to Sovereignty and Democracy; The Record of NAFTA Chapter 11 Investor-State Cases 1994–2005 (2005); Jeswald W. Salacuse and Nicholas P. Sullivan, ‘Do BITs Really Work? An E ...
... 78 New York University Law Review 30 (2003); UNCTAD, World Investment Report (WIR), xvii (2003); Public Citizen, NAFTA’s Threat to Sovereignty and Democracy; The Record of NAFTA Chapter 11 Investor-State Cases 1994–2005 (2005); Jeswald W. Salacuse and Nicholas P. Sullivan, ‘Do BITs Really Work? An E ...
Foreign Direct Investment Promotion: Using Advertising to Change
... The purpose of this research is to examine how advertising influences managerial perceptions of countries as a place to build, establish, or purchase a business in foreign locations. Principles from John Dunning’s OLI theory frame the discussion. Using an online survey method, we exposed managers wi ...
... The purpose of this research is to examine how advertising influences managerial perceptions of countries as a place to build, establish, or purchase a business in foreign locations. Principles from John Dunning’s OLI theory frame the discussion. Using an online survey method, we exposed managers wi ...
Why were there fire sales of mortgage
... have developed the ability to assess the securities being sold. When natural buyers are on the sidelines, investors who bid for the assets are less knowledgeable about them and do not have a natural demand for them. Therefore, these investors will only buy them if they sell at enough of a discount. ...
... have developed the ability to assess the securities being sold. When natural buyers are on the sidelines, investors who bid for the assets are less knowledgeable about them and do not have a natural demand for them. Therefore, these investors will only buy them if they sell at enough of a discount. ...
... in sub-Saharan Africa would need to invest $93 billion per year in order to meet their development goals. But actual investment on the subcontinent is $45 billion, implying a funding gap of about $50 billion per year. The estimate does not include North Africa, so adding this region will increase th ...
NAFTA Chapter 11 – Issues and Opportunities
... statement is not in doubt. The paper (2002: 5) later states: “the creation of an international framework for investment will not by itself change investment flows”. This also is not in doubt. However, the scope of “risk management” as a category envisaged in such reports may not encompass the notion ...
... statement is not in doubt. The paper (2002: 5) later states: “the creation of an international framework for investment will not by itself change investment flows”. This also is not in doubt. However, the scope of “risk management” as a category envisaged in such reports may not encompass the notion ...
Document
... exposures in a set of tranches the originator used to increase the overall value. • Regulatory Arbitrage: free capital from low-risk/low-return to high return/high risk investments. • Funding: diversification with respect to deposits • Balance sheet cleaning: writing down non performing loans and ot ...
... exposures in a set of tranches the originator used to increase the overall value. • Regulatory Arbitrage: free capital from low-risk/low-return to high return/high risk investments. • Funding: diversification with respect to deposits • Balance sheet cleaning: writing down non performing loans and ot ...
cross-reference table on the basis of Art. 32 of the AIFM Directive
... expenses and of the maximum amounts thereof which are directly or indirectly borne by investors; a description of how the AIFM ensures a fair treatment of investors; whenever an investor obtains preferential treatment or the right to obtain preferential treatment, a description of: that preferential ...
... expenses and of the maximum amounts thereof which are directly or indirectly borne by investors; a description of how the AIFM ensures a fair treatment of investors; whenever an investor obtains preferential treatment or the right to obtain preferential treatment, a description of: that preferential ...
Dynamic Volatility Targeting
... Global Aggregate Bond Index was 14.2% in the same period. Due to the dependence of equity prices on cycles of global aggregate demand, equities tend to be impacted by similar factors across regions. This results in rising correlations and an erosion of diversification benefits from global equities i ...
... Global Aggregate Bond Index was 14.2% in the same period. Due to the dependence of equity prices on cycles of global aggregate demand, equities tend to be impacted by similar factors across regions. This results in rising correlations and an erosion of diversification benefits from global equities i ...
The Return of the Home State and the Rise of `Embedded` Investor
... claim via the route of diplomatic protection and his home State would then pursue the claim in its own right either through inter-governmental channels or through judicial means.21 This mechanism ascribed a central role to the home State in investment dispute settlement, leaving it to the State’s di ...
... claim via the route of diplomatic protection and his home State would then pursue the claim in its own right either through inter-governmental channels or through judicial means.21 This mechanism ascribed a central role to the home State in investment dispute settlement, leaving it to the State’s di ...
Integrated annual report and group annual financial statements
... ability to create and sustain value over the short, medium and long term. This report identifies and explains the material economic, social, governance and environmental issues facing the group and their impact. We regard this as a valuable opportunity to connect with our stakeholder groups and to re ...
... ability to create and sustain value over the short, medium and long term. This report identifies and explains the material economic, social, governance and environmental issues facing the group and their impact. We regard this as a valuable opportunity to connect with our stakeholder groups and to re ...
Download attachment
... The evidence on role of pension funds in corporate governance, however, has been so far rather muted. A recent paper by Faccio and Lasfer (2000) shows that UK occupational pension funds have not been effective at monitoring, in the sense that firms with a large ownership presence of pension funds ha ...
... The evidence on role of pension funds in corporate governance, however, has been so far rather muted. A recent paper by Faccio and Lasfer (2000) shows that UK occupational pension funds have not been effective at monitoring, in the sense that firms with a large ownership presence of pension funds ha ...
Is Business Saving Really None of Our Business
... half of which was generated by the corporate sector (see Huang, 2011). In Latin America, 74 percent of the private saving rate in Chile in 2011 had the same origin (see Central Bank of Chile, 2013). According to IMF (2006), businesses accounted for 70 percent of private saving in G7 countries in the ...
... half of which was generated by the corporate sector (see Huang, 2011). In Latin America, 74 percent of the private saving rate in Chile in 2011 had the same origin (see Central Bank of Chile, 2013). According to IMF (2006), businesses accounted for 70 percent of private saving in G7 countries in the ...
AZTEC MUSEUM ASSOCIATION TRUST RESOLUTION
... the laws of the State of New Mexico, invest it or parts of it in securities in which trustees are permitted to invest under the laws of the State of New Mexico, or retain the fund in cash, and collect the income. 3.2 Trustee shall not less frequently than quarterly, distribute and apply all of the n ...
... the laws of the State of New Mexico, invest it or parts of it in securities in which trustees are permitted to invest under the laws of the State of New Mexico, or retain the fund in cash, and collect the income. 3.2 Trustee shall not less frequently than quarterly, distribute and apply all of the n ...
Alternative Investment Fund Managers Directive
... The European Commission promulgated the Directive for Alternative Investment Fund Managers (“AIFMD”) in 2010 as one of the many measures adopted worldwide to quell fears of financial instability and systemic risk.1 The AIFMD seeks to achieve these goals through “enhance[d] supervisory practices” and ...
... The European Commission promulgated the Directive for Alternative Investment Fund Managers (“AIFMD”) in 2010 as one of the many measures adopted worldwide to quell fears of financial instability and systemic risk.1 The AIFMD seeks to achieve these goals through “enhance[d] supervisory practices” and ...
optimal capital structure
... patterns. Our research will also deal with leverage ratios but in an entirely new way. Our problem concerns the practical matter of deciding an appropriate capital structure and the possibility of improvements, which are formulated below. • How do the case companies decide their capital structure? • ...
... patterns. Our research will also deal with leverage ratios but in an entirely new way. Our problem concerns the practical matter of deciding an appropriate capital structure and the possibility of improvements, which are formulated below. • How do the case companies decide their capital structure? • ...
Got rejected? Real effects of not getting a loan
... 3mn) are not. Consequently, small firms whose loan applications have been rejected lose approximately 10 percent of their debt funding and need to cut their assets by 8 percent relative to small firms whose loan applications have been accepted. Second, the effect crucially depends on the firms' liqu ...
... 3mn) are not. Consequently, small firms whose loan applications have been rejected lose approximately 10 percent of their debt funding and need to cut their assets by 8 percent relative to small firms whose loan applications have been accepted. Second, the effect crucially depends on the firms' liqu ...
Financing Infrastructure - Inter
... depending, among other factors, on whether the improvement is perceived as permanent or transitory. Even when improvements last more than two or three years, the additional savings may not be invested. Bolivia, for example, experienced a dramatic increase in saving after 2005, but these additional s ...
... depending, among other factors, on whether the improvement is perceived as permanent or transitory. Even when improvements last more than two or three years, the additional savings may not be invested. Bolivia, for example, experienced a dramatic increase in saving after 2005, but these additional s ...
the fragile capital structure of hedge funds and the
... that were fundamentally sound, at least with asset fundamentals and capital requirements that appeared adequate before collapse. Even so, investors still decided to run, worried that the liquidity of these …nancial institutions was insu¢ cient to meet massive withdrawals and assets would have to be ...
... that were fundamentally sound, at least with asset fundamentals and capital requirements that appeared adequate before collapse. Even so, investors still decided to run, worried that the liquidity of these …nancial institutions was insu¢ cient to meet massive withdrawals and assets would have to be ...
Geographic Dispersion and Stock Returns
... report typically includes information on the evolution of the firm’s operations during that year, details on its organizational structure, executive compensation, competition, and regulatory issues. The 10 K statement also gives information on the firm’s properties, such as factories, warehouses, a ...
... report typically includes information on the evolution of the firm’s operations during that year, details on its organizational structure, executive compensation, competition, and regulatory issues. The 10 K statement also gives information on the firm’s properties, such as factories, warehouses, a ...
Governed Portfolio 8 - Royal London for advisers
... Governed Portfolio 8 outperformed benchmark over 3 and 5 years to end of March 2016. The existing tactical position applied 02/06/2016 continues. No change required to benchmark asset allocation. We have reduced the exposure to equity (-1.00%), 10 year corporate bonds (-0.07%), 10 year index-linked ...
... Governed Portfolio 8 outperformed benchmark over 3 and 5 years to end of March 2016. The existing tactical position applied 02/06/2016 continues. No change required to benchmark asset allocation. We have reduced the exposure to equity (-1.00%), 10 year corporate bonds (-0.07%), 10 year index-linked ...
Outsourcing in a Global Economy*
... The location of the requisite intermediate input on the unit circle is a random element in the design process, with all locations being equally likely. The designers-cum-finalproducers cannot manufacture the intermediate inputs themselves; rather they must outsource this activity to specialized supp ...
... The location of the requisite intermediate input on the unit circle is a random element in the design process, with all locations being equally likely. The designers-cum-finalproducers cannot manufacture the intermediate inputs themselves; rather they must outsource this activity to specialized supp ...
Cypress Capital Management, LLC 1 FIRM
... as a dollar next year. Purchasing power is reduced because of inflation. Liquidity Risk: The risk that investors may have difficulty finding a buyer when they want to sell and may be forced to sell at a significant discount to market value. Liquidity risk is greater for thinly traded securities such ...
... as a dollar next year. Purchasing power is reduced because of inflation. Liquidity Risk: The risk that investors may have difficulty finding a buyer when they want to sell and may be forced to sell at a significant discount to market value. Liquidity risk is greater for thinly traded securities such ...
Implementing the Golden Rule for Public Investment in Europe
... contrast, the golden rule of public investment proposed in this study would be one important element of the necessary institutional reform. The rule is widely accepted in traditional public finance and would allow financing net public investment by government deficits thus promoting intergenerationa ...
... contrast, the golden rule of public investment proposed in this study would be one important element of the necessary institutional reform. The rule is widely accepted in traditional public finance and would allow financing net public investment by government deficits thus promoting intergenerationa ...
Uncertainty in Executive Compensation and Capital Investment: A Panel Study
... reduction in firm value (Stulz (1988)). Since the CEO knows the nature of his compensation contract, future compensation provides an unbiased estimate of the CEO’s expected future earnings. Managers with high earnings uncertainty, due to being tied to firm performance, will seek to hedge through red ...
... reduction in firm value (Stulz (1988)). Since the CEO knows the nature of his compensation contract, future compensation provides an unbiased estimate of the CEO’s expected future earnings. Managers with high earnings uncertainty, due to being tied to firm performance, will seek to hedge through red ...
Evolutionary Theory, Kinship, and Childbirth in Cross
... than men and are more discriminating when selecting a mate because they have a lower potential rate of reproduction than men do. Men tend to maximize their Darwinian fitness by competing with each other for opportunities to mate, producing additional offspring as a result.2 Cross-cultural research o ...
... than men and are more discriminating when selecting a mate because they have a lower potential rate of reproduction than men do. Men tend to maximize their Darwinian fitness by competing with each other for opportunities to mate, producing additional offspring as a result.2 Cross-cultural research o ...
Early history of private equity
The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The origins of the modern private equity industry trace back to 1946 with the formation of the first venture capital firms. The thirty-five-year period from 1946 through the end of the 1970s was characterized by relatively small volumes of private equity investment, rudimentary firm organizations and limited awareness of and familiarity with the private equity industry.