The Timing of Asset Sales
... Jiambalvo are relevant to this study: the desire for external financing; and, stakeholder costs associated with implicit contracts. Incentives arising from stakeholder costs are associated with the role of reported earnings in assessing the ability of the firm to honour implicit claims, such as warr ...
... Jiambalvo are relevant to this study: the desire for external financing; and, stakeholder costs associated with implicit contracts. Incentives arising from stakeholder costs are associated with the role of reported earnings in assessing the ability of the firm to honour implicit claims, such as warr ...
Abu Dhabi Commercial Bank PJSC
... ADCB and is not intended for distribution in any jurisdiction in which such distribution would be contrary to local law or reputation. The material contained in this presentation is intended to be general background information on ADCB and its activities and does not purport to be complete. It may i ...
... ADCB and is not intended for distribution in any jurisdiction in which such distribution would be contrary to local law or reputation. The material contained in this presentation is intended to be general background information on ADCB and its activities and does not purport to be complete. It may i ...
20 12 Trends Emerging
... Notes: Based on commercial, apartment, and hotel properties and portfolios valued at US$10 million or more. Figures exclude land values. ...
... Notes: Based on commercial, apartment, and hotel properties and portfolios valued at US$10 million or more. Figures exclude land values. ...
Pathways PDS - North Online
... of the AMP Group, has been appointed by the Responsible Entity, under a Fund Services Agreement to provide Fund-related services, including responding to investor enquiries and the preparation of this PDS on behalf of the Responsible Entity. The Responsible Entity, the Portfolio Manager and AMP Capi ...
... of the AMP Group, has been appointed by the Responsible Entity, under a Fund Services Agreement to provide Fund-related services, including responding to investor enquiries and the preparation of this PDS on behalf of the Responsible Entity. The Responsible Entity, the Portfolio Manager and AMP Capi ...
The Yale Journal of International Law Online Matthew C. Porterfield†
... GOVERNANCE, at 108 (June 2015), http://unctad.org/en/PublicationsLibrary /wir2015en.pdf (“[A]n increasing number of countries are reviewing their model IIAs in line with recent developments in international investment law. At least 50 countries or regions are currently revising or have recently revi ...
... GOVERNANCE, at 108 (June 2015), http://unctad.org/en/PublicationsLibrary /wir2015en.pdf (“[A]n increasing number of countries are reviewing their model IIAs in line with recent developments in international investment law. At least 50 countries or regions are currently revising or have recently revi ...
The Impact of Scenario Presentation on Capital Budgeting Decisions
... many firms may unknowingly be making biased capital budgeting decisions and thus taking on either more risk or less risk than they would actually prefer. It would also suggest that other financial decisions, such as investors choosing between alterative stocks or mutual funds, might be similarly bia ...
... many firms may unknowingly be making biased capital budgeting decisions and thus taking on either more risk or less risk than they would actually prefer. It would also suggest that other financial decisions, such as investors choosing between alterative stocks or mutual funds, might be similarly bia ...
The Green Investment Report The ways and means to unlock private
... Today, we see major growth in clean energy investment, with financial flows worldwide approaching those in carbonintensive energy sources. Further, developing countries are proving an increasingly important source of capital. Since 2007, clean energy investment originating from outside the Organisat ...
... Today, we see major growth in clean energy investment, with financial flows worldwide approaching those in carbonintensive energy sources. Further, developing countries are proving an increasingly important source of capital. Since 2007, clean energy investment originating from outside the Organisat ...
The Elusive Gains from International Financial Integration
... risk sharing.3 To the best of our knowledge, this paper is the first one to estimate the benefits of international financial integration coming from the capital scarcity of developing countries.4 We present two versions of the neoclassical model. The first—and simplest—one is a variant of the Ramsey ...
... risk sharing.3 To the best of our knowledge, this paper is the first one to estimate the benefits of international financial integration coming from the capital scarcity of developing countries.4 We present two versions of the neoclassical model. The first—and simplest—one is a variant of the Ramsey ...
Policy Dialogue on Corporate Governance in China
... The fact appears to be that China has spent more than two decades to reform the state assets management system and achieved only very limited success. None of the two strategies could turn SOEs into fully commercialized business entities that fits the notion of a modern market economy. Ownership rig ...
... The fact appears to be that China has spent more than two decades to reform the state assets management system and achieved only very limited success. None of the two strategies could turn SOEs into fully commercialized business entities that fits the notion of a modern market economy. Ownership rig ...
Listed Infrastructure
... derived from tangible, long-lived assets with semimonopolistic pricing power – a function of the high fixed costs and, by extension the high barriers to entry associated with infrastructure construction. Listed vehicles offer much greater liquidity and transparency, and have lower management fees, t ...
... derived from tangible, long-lived assets with semimonopolistic pricing power – a function of the high fixed costs and, by extension the high barriers to entry associated with infrastructure construction. Listed vehicles offer much greater liquidity and transparency, and have lower management fees, t ...
This submission summarises research by the Economic Policy
... focused on fiscal constraints similar to those South Africa faces concluded that increases in capital taxes reduced interest rates and raised capital investment.17 A study analysing open economy characteristics and trade deficits found that increases in capital taxation might increase wages and soci ...
... focused on fiscal constraints similar to those South Africa faces concluded that increases in capital taxes reduced interest rates and raised capital investment.17 A study analysing open economy characteristics and trade deficits found that increases in capital taxation might increase wages and soci ...
Research into the International Capital
... rely (moving from ABA to PwC to APRA), the fact remains that there is simply insufficient publicly available information combined with a preponderance of unsupported assumptions for the published figures to be relied upon in such an important issue. In this paper we will discuss APRA’s approach to m ...
... rely (moving from ABA to PwC to APRA), the fact remains that there is simply insufficient publicly available information combined with a preponderance of unsupported assumptions for the published figures to be relied upon in such an important issue. In this paper we will discuss APRA’s approach to m ...
The Essentials of Portfolio Construction
... which approach best suits your needs (and personality). Historically, many financial professionals have recommended that their clients rely exclusively on active investment management for their portfolios. However, this method may not be most appropriate for you. Your Financial Advisor or Private We ...
... which approach best suits your needs (and personality). Historically, many financial professionals have recommended that their clients rely exclusively on active investment management for their portfolios. However, this method may not be most appropriate for you. Your Financial Advisor or Private We ...
Full Text - Harvard University
... argues that there is only weak evidence that FDI generates positive spillovers for host countries. In a review of the micro-level analysis literature on spillovers from foreign-owned to domestically owned firms, Görg and Greenaway (2004) conclude that the effects are mostly negative. Surveying the m ...
... argues that there is only weak evidence that FDI generates positive spillovers for host countries. In a review of the micro-level analysis literature on spillovers from foreign-owned to domestically owned firms, Görg and Greenaway (2004) conclude that the effects are mostly negative. Surveying the m ...
Singapore`s Balance of Payments, 1965 to 2003: An Analysis
... The sharp and sustained rise in Singapore’s saving resulted in a doubling of the national saving rate from around 20% in the early 1970s to around 40% in the mid-1980s. It rose further to over 50% by 1995, and peaked at a high of 53% in 1998, before moderating somewhat in recent years. This sharp in ...
... The sharp and sustained rise in Singapore’s saving resulted in a doubling of the national saving rate from around 20% in the early 1970s to around 40% in the mid-1980s. It rose further to over 50% by 1995, and peaked at a high of 53% in 1998, before moderating somewhat in recent years. This sharp in ...
Active Management Performance Cycles
... Fee assumptions are based on eVestment Alliance peer group median given the mandate size of $500 million for US large cap, core fixed income, and non-US large cap, and $200 million for US small cap and emerging markets. For clients with smaller mandates, the excess return would be reduced as a resul ...
... Fee assumptions are based on eVestment Alliance peer group median given the mandate size of $500 million for US large cap, core fixed income, and non-US large cap, and $200 million for US small cap and emerging markets. For clients with smaller mandates, the excess return would be reduced as a resul ...
In the Matters of DELAWARE MANAGEMENT COMPANY, INC
... Management is the investment advisers to and principal underwriter for Delaware and Decatur, and its officers hold or help corresponding positions in those companies. Such officers were vested by the Funds with the executive and supervisory responsibility for conducting the affairs of the Funds, whi ...
... Management is the investment advisers to and principal underwriter for Delaware and Decatur, and its officers hold or help corresponding positions in those companies. Such officers were vested by the Funds with the executive and supervisory responsibility for conducting the affairs of the Funds, whi ...
NBER WORKING PAPER SERIES FIRM DYNAMICS AND FINANCIAL DEVELOPMENT Cristina Arellano Yan Bai
... growth rate and debt financing, after controlling for a large set of fixed effects. For additional robustness of the results, we also include in the investigation measures that control for the two other leading theories for firm dynamics, which are based on selection mechanisms and mean reversion in ...
... growth rate and debt financing, after controlling for a large set of fixed effects. For additional robustness of the results, we also include in the investigation measures that control for the two other leading theories for firm dynamics, which are based on selection mechanisms and mean reversion in ...
DRAFT Not for Citation or Distribution
... The past decade has witnessed the emergence of a large volume of literature on the informal sector. The literature is quite diverse, covering informal labor (Almeida, 2005; Chen, 2004), tax policy (Ihrig and Moe, 2004; Emram and Stiglitz, 2004), as well as corruption (Johnson et al, 1998; Marcouille ...
... The past decade has witnessed the emergence of a large volume of literature on the informal sector. The literature is quite diverse, covering informal labor (Almeida, 2005; Chen, 2004), tax policy (Ihrig and Moe, 2004; Emram and Stiglitz, 2004), as well as corruption (Johnson et al, 1998; Marcouille ...
Firm Dynamics and Financial Development
... growth rate and debt financing, after controlling for a large set of fixed effects. For additional robustness of the results, we also include in the investigation measures that control for the two other leading theories for firm dynamics, which are based on selection mechanisms and mean reversion in ...
... growth rate and debt financing, after controlling for a large set of fixed effects. For additional robustness of the results, we also include in the investigation measures that control for the two other leading theories for firm dynamics, which are based on selection mechanisms and mean reversion in ...
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.