Research on SOGO SHOSHA: Origins, Establishment, and
... distribution and business expansion of branches. d) They had strong ties with the domestic industry and invested substantially in various kind of business. ５．Postwar trade started with one controlled by the government based on policies of the American occupation. However, private trade was gradually ...
... distribution and business expansion of branches. d) They had strong ties with the domestic industry and invested substantially in various kind of business. ５．Postwar trade started with one controlled by the government based on policies of the American occupation. However, private trade was gradually ...
Inverse Indexing
... Inverse ETF) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times (100%) the inverse (opposite) of the daily performance of the S&P/TSX 60 Index™. Horizons BetaPro S&P 500® Inverse ETF (HIU) ...
... Inverse ETF) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times (100%) the inverse (opposite) of the daily performance of the S&P/TSX 60 Index™. Horizons BetaPro S&P 500® Inverse ETF (HIU) ...
Institutional Presence - American Economic Association
... phenomenon but at least partly due to the time–series variation of the IP measure within each state and for each firm. Second, it is plausible that economic growth and health of a region (e.g., Glaeser, et al., 1992; Glaeser, Scheinkman, and Shleifer, 1995; Korniotis and Kumar, 2013; Dougal, Parsons ...
... phenomenon but at least partly due to the time–series variation of the IP measure within each state and for each firm. Second, it is plausible that economic growth and health of a region (e.g., Glaeser, et al., 1992; Glaeser, Scheinkman, and Shleifer, 1995; Korniotis and Kumar, 2013; Dougal, Parsons ...
Reproductive investment when mate quality varies: differential
... Reproductive investment decisions form an integral part of life-history biology. Selection frequently favours plasticity in investment that can generate maternal effects on offspring development. For example, if females differentially allocate resources based on mate attractiveness or quality, this ...
... Reproductive investment decisions form an integral part of life-history biology. Selection frequently favours plasticity in investment that can generate maternal effects on offspring development. For example, if females differentially allocate resources based on mate attractiveness or quality, this ...
Speculative Growth, Overreaction, and the Welfare Cost of Technology-Driven Bubbles
... period, the bubble component of investment influences the stochastic discount factor (via the consumption decision) and the total resources which are available to pay dividends to shareholders. Consequently, there is feedback from the bubble component to the fundamental equity price. In the presenc ...
... period, the bubble component of investment influences the stochastic discount factor (via the consumption decision) and the total resources which are available to pay dividends to shareholders. Consequently, there is feedback from the bubble component to the fundamental equity price. In the presenc ...
Appendix 6(ii) Investor`s Statement (legal person) First name and
... Ultimate Beneficial Owner’s details to be filled. Where the Investor has more than one Ultimate Beneficial Owner, please fill in details of all the Ultimate Beneficial Owners. In such case, the statement should be completed and signed separately by all the Ultimate Beneficial Owners. ...
... Ultimate Beneficial Owner’s details to be filled. Where the Investor has more than one Ultimate Beneficial Owner, please fill in details of all the Ultimate Beneficial Owners. In such case, the statement should be completed and signed separately by all the Ultimate Beneficial Owners. ...
Firm Selection and Corporate Cash Holdings
... Toni Whited as well as seminar attendants at Boston University, Harvard University, IDC Summer Conference, SED meeting in Warsaw, Tepper-LAEF Conference on “Advances in Macro-Finance,” Christmas meeting at LMU, Utah Winter Finance Conference, Midwest Finance Association Conference, SUNY at Stony Bro ...
... Toni Whited as well as seminar attendants at Boston University, Harvard University, IDC Summer Conference, SED meeting in Warsaw, Tepper-LAEF Conference on “Advances in Macro-Finance,” Christmas meeting at LMU, Utah Winter Finance Conference, Midwest Finance Association Conference, SUNY at Stony Bro ...
Accelerating Startups in Emerging Markets
... approaches. This imperative to double down on entrepreneurs who establish ventures with potential for substantial growth leads to a focus on how we can identify and then accelerate promising early-stage ventures in places where development challenges are greatest. Because acceleration is seen as an ...
... approaches. This imperative to double down on entrepreneurs who establish ventures with potential for substantial growth leads to a focus on how we can identify and then accelerate promising early-stage ventures in places where development challenges are greatest. Because acceleration is seen as an ...
Detail Disagreement - American Economic Association
... In the face of a new discovery, it is natural for investors to disagree not only about its overall effect but also about the details of its implementation. In this paper, we study the implications of investors’ disagreement at the firm level for firm interaction and the diversity of innovation. In p ...
... In the face of a new discovery, it is natural for investors to disagree not only about its overall effect but also about the details of its implementation. In this paper, we study the implications of investors’ disagreement at the firm level for firm interaction and the diversity of innovation. In p ...
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... Much of the analysis of and research on foreign direct investment (FDI) is based on the idea that it is simply one of the many possible forms that international capital movements can take, creating production in lower cost locations or shifting production to them. An advantage of this view is that ...
... Much of the analysis of and research on foreign direct investment (FDI) is based on the idea that it is simply one of the many possible forms that international capital movements can take, creating production in lower cost locations or shifting production to them. An advantage of this view is that ...
February 9, 1994 File No. ---------------
... directors. The holders of a majority of the outstanding shares of common stock constitute a quorum for shareholder meetings of Seagull. Two-thirds of all the outstanding shares are required for approval of mergers or similar transactions. A total of 10,123,610, 11,120,662 and 15,472,695 shares of Se ...
... directors. The holders of a majority of the outstanding shares of common stock constitute a quorum for shareholder meetings of Seagull. Two-thirds of all the outstanding shares are required for approval of mergers or similar transactions. A total of 10,123,610, 11,120,662 and 15,472,695 shares of Se ...
Essays on Capital Structure Stability - cerge-ei
... Zender (2008) notice that the capital structure of firms remains almost unchanged during their lives meaning that leverage ratios are significantly stable over time. The authors also stress that the stability of leverage ratios is mainly generated by an unobserved firm-specific effect that is respon ...
... Zender (2008) notice that the capital structure of firms remains almost unchanged during their lives meaning that leverage ratios are significantly stable over time. The authors also stress that the stability of leverage ratios is mainly generated by an unobserved firm-specific effect that is respon ...
Financing Durable Assets
... show that leasing or renting the durable goods avoids the time inconsistency problem and allows the monopolist to retain market power. Bulow (1982, 1986) moreover shows that, in the absence of rental markets, a monopolist may choose to produce less durable goods than a competitive producer again in ...
... show that leasing or renting the durable goods avoids the time inconsistency problem and allows the monopolist to retain market power. Bulow (1982, 1986) moreover shows that, in the absence of rental markets, a monopolist may choose to produce less durable goods than a competitive producer again in ...
On the Relation between Capital Flows and the Current
... short-term variation of the financial account. Thus, changes in the financial account are mainly caused by optimization strategies of investors with regard to balancing risk and return. For example, when favourable domestic conditions attract foreign capital this would in turn lead to higher domesti ...
... short-term variation of the financial account. Thus, changes in the financial account are mainly caused by optimization strategies of investors with regard to balancing risk and return. For example, when favourable domestic conditions attract foreign capital this would in turn lead to higher domesti ...
Credit Misallocation During the Financial Crisis
... robustness). As shown in figure 2, credit to zombie firms dropped faster than credit to healthier firms during the first part of the crisis, but the opposite was true from 2011 onwards, when low capital became a pressing problem for several Italian banks. This suggests that credit was not reallocate ...
... robustness). As shown in figure 2, credit to zombie firms dropped faster than credit to healthier firms during the first part of the crisis, but the opposite was true from 2011 onwards, when low capital became a pressing problem for several Italian banks. This suggests that credit was not reallocate ...
Football Foundation Economic Impact Study
... 2 A sample of around 192 projects completed between 2001 and 2011 was used to estimate the direct employment effects during day-to-day operations 3 This is based on financial information provided by contractors from a sample of 11 projects funded by The Foundation and started by The Foundation in 20 ...
... 2 A sample of around 192 projects completed between 2001 and 2011 was used to estimate the direct employment effects during day-to-day operations 3 This is based on financial information provided by contractors from a sample of 11 projects funded by The Foundation and started by The Foundation in 20 ...
Regulation of CrowdFunding in Germany, the UK, Spain and Italy
... raised in this way, entrepreneurs have access to capital, create social impact, innovative products and services, cultural variety, jobs and contribute to economic growth. To put this into context, the European Commission estimates that there are some 23 million small and medium sized enterprises (“ ...
... raised in this way, entrepreneurs have access to capital, create social impact, innovative products and services, cultural variety, jobs and contribute to economic growth. To put this into context, the European Commission estimates that there are some 23 million small and medium sized enterprises (“ ...
A Theory of Family Business Groups and
... are consistent with available data and anecdotal evidence, while others have not been systematically tested. We discuss our implications in detail in section 6. For example, our theory suggests that pyramids are more likely to arise following successful performance of the existing firms in the group ...
... are consistent with available data and anecdotal evidence, while others have not been systematically tested. We discuss our implications in detail in section 6. For example, our theory suggests that pyramids are more likely to arise following successful performance of the existing firms in the group ...
- Columbia Business School
... of sophisticated mutual fund investors in the market. Mutual fund flows, on average, have been considered to proxy for investor sentiments. Teo and Woo (2004) and Frazzini and Lamont (2008) show the “dumb money” effect where investors’ reallocation of wealth across different mutual funds reduce the ...
... of sophisticated mutual fund investors in the market. Mutual fund flows, on average, have been considered to proxy for investor sentiments. Teo and Woo (2004) and Frazzini and Lamont (2008) show the “dumb money” effect where investors’ reallocation of wealth across different mutual funds reduce the ...
An Empirical Assessment of Models of the Value Premium*
... Cooper (2006) makes the same link between profitability and B/M. If a firm has been hit by adverse profitability shocks, this firm’s B/M ratio is high because its market value falls while its book value remains fairly constant due to irreversibility. Such a firm is sensitive to aggregate shocks, an ...
... Cooper (2006) makes the same link between profitability and B/M. If a firm has been hit by adverse profitability shocks, this firm’s B/M ratio is high because its market value falls while its book value remains fairly constant due to irreversibility. Such a firm is sensitive to aggregate shocks, an ...
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.