estimating terminal value
... intermediate choice between complete liquidation and the going concern that gets larger each year forever. This may be the right choice to make when valuing firms in industries that are being phased out because of technological advances (such as the manufacturers of typewriters with the advent of th ...
... intermediate choice between complete liquidation and the going concern that gets larger each year forever. This may be the right choice to make when valuing firms in industries that are being phased out because of technological advances (such as the manufacturers of typewriters with the advent of th ...
RESEARCH DISCUSSION PAPER A Survey of Housing
... Over the past decade or so, aggregate data suggest a trend increase in housing equity withdrawal in Australia, potentially stimulating household spending. However, there has been little disaggregated information on how equity is being withdrawn and injected, the characteristics of households alterin ...
... Over the past decade or so, aggregate data suggest a trend increase in housing equity withdrawal in Australia, potentially stimulating household spending. However, there has been little disaggregated information on how equity is being withdrawn and injected, the characteristics of households alterin ...
chimera investment corporation - Morningstar Document Research
... The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information, except to the extent such damages or losses cannot be limited or excluded ...
... The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information, except to the extent such damages or losses cannot be limited or excluded ...
NBER WORKING PAPER SERIES INTERGENERATIONAL RISKSHARING AND EQUILIBRIUM ASSET PRICES John Y. Campbell
... systems set fixed benefit rates to be financed by fixed rates of payroll taxation. Economic shocks may require adjustments in benefits, tax rates, or both, and adjustments have often been made (McHale 2001); but the nature of these adjustments is not always spelled out in advance. This lack of clari ...
... systems set fixed benefit rates to be financed by fixed rates of payroll taxation. Economic shocks may require adjustments in benefits, tax rates, or both, and adjustments have often been made (McHale 2001); but the nature of these adjustments is not always spelled out in advance. This lack of clari ...
Follow-on Biologics and Patent Reform:
... Will They Discourage Venture Capital Investment in the Biotechnology Industry? by Don Ware and Nick Littlefield According to a study by PricewaterhouseCoopers and the National Venture Capital Association, venture capital (VC) investing hit a five-year high in 2006, with $25.5 billion invested. Notab ...
... Will They Discourage Venture Capital Investment in the Biotechnology Industry? by Don Ware and Nick Littlefield According to a study by PricewaterhouseCoopers and the National Venture Capital Association, venture capital (VC) investing hit a five-year high in 2006, with $25.5 billion invested. Notab ...
The Cost of Capital for Alternative Investments
... This paper studies the required rate of return for a risk averse investor allocating capital to alternative investments. There are two key aspects to this asset allocation decision that are inconsistent with (present a challenge for) standard decision-making tools. First, the alternative investment ...
... This paper studies the required rate of return for a risk averse investor allocating capital to alternative investments. There are two key aspects to this asset allocation decision that are inconsistent with (present a challenge for) standard decision-making tools. First, the alternative investment ...
why polish companies go public
... study was partially replicated by Fisher (2000), who investigated determinants of going public of companies that had gone public in Germany; Boehmar and Ljungqvist (2004) have analyzed German firms which had announced their intention to go public to see the pattern of subsequent sale of equity to ou ...
... study was partially replicated by Fisher (2000), who investigated determinants of going public of companies that had gone public in Germany; Boehmar and Ljungqvist (2004) have analyzed German firms which had announced their intention to go public to see the pattern of subsequent sale of equity to ou ...
DOC - unece
... It is very difficult to provide an approximate share of each source used for financing infrastructure in Sweden, since the use of different sources has changed over the observed period (1997-2002). As far as road and railway is concerned, public funding by central Government budget and local municip ...
... It is very difficult to provide an approximate share of each source used for financing infrastructure in Sweden, since the use of different sources has changed over the observed period (1997-2002). As far as road and railway is concerned, public funding by central Government budget and local municip ...
NBER WORKING PAPER SERIES ON FINANCING RETIREMENT WITH AN AGING POPULATION
... retirement consumption as the population ages and the number of workers per retiree falls. One proposal is to move from the current U.S. retirement system—which relies heavily on payroll taxes in order to make lump-sum transfers to retirees—to a saving-for-retirement system that eliminates these pay ...
... retirement consumption as the population ages and the number of workers per retiree falls. One proposal is to move from the current U.S. retirement system—which relies heavily on payroll taxes in order to make lump-sum transfers to retirees—to a saving-for-retirement system that eliminates these pay ...
Vertical monopoly power, profit and risk: The British beer industry, c
... at key stages in the value chain. In the absence of integration, powerful operators can exercise dominance through direct contract specification motivated by cost minimisation.10 A specific aspect of the brewery tie and Pubco models that has not hitherto been investigated is the question of how much ...
... at key stages in the value chain. In the absence of integration, powerful operators can exercise dominance through direct contract specification motivated by cost minimisation.10 A specific aspect of the brewery tie and Pubco models that has not hitherto been investigated is the question of how much ...
CASH AMERICA INTERNATIONAL INC
... the two-year period ended December 31, 2014 . The Plan’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting ...
... the two-year period ended December 31, 2014 . The Plan’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting ...
Asset Write-down - Rutgers University
... consistent with John and Ofek (1995) who argue that the market reacts positively to the removal of assets that cause negative synergies.4 The market would also welcome firms’ action of removing assets which managers believe face obsolescence. When it comes to voluntary asset write-down, as is the ca ...
... consistent with John and Ofek (1995) who argue that the market reacts positively to the removal of assets that cause negative synergies.4 The market would also welcome firms’ action of removing assets which managers believe face obsolescence. When it comes to voluntary asset write-down, as is the ca ...
A legitimate question is raised in several fora– why an
... Centres provided that the applications are not routed through any distributor / agent / broker on investments in existing schemes with effect from January 4, 2008, and in new schemes launched on or after the said date. It shall also be applicable to the additional purchases done under the same folio ...
... Centres provided that the applications are not routed through any distributor / agent / broker on investments in existing schemes with effect from January 4, 2008, and in new schemes launched on or after the said date. It shall also be applicable to the additional purchases done under the same folio ...
Venture Capitalists on the Seed Stage Arena
... Method: Empirical information from seed stage investing venture capital organizations have been collected in the form of face-to-face interviews, email- questionnaires and a telephone interview. Organizations from Sweden, Denmark and Germany are included in the study. Result: Several factors make se ...
... Method: Empirical information from seed stage investing venture capital organizations have been collected in the form of face-to-face interviews, email- questionnaires and a telephone interview. Organizations from Sweden, Denmark and Germany are included in the study. Result: Several factors make se ...
Proxy Advisory Business: Apotheosis or Apogee?
... The proxy advisory firms are a critical part of the process of establishing corporate governance best practices and standards within the corporate governance community. Their adoption of new “best” practices as part of their voting policies validates the practice as being truly “best,” and gives the ...
... The proxy advisory firms are a critical part of the process of establishing corporate governance best practices and standards within the corporate governance community. Their adoption of new “best” practices as part of their voting policies validates the practice as being truly “best,” and gives the ...
NBER WORKING PAPER SERIES Nir Jaimovich Sergio Rebelo
... driven by the prospects of new technologies lead to high levels of investment and to an economic boom. When the new technologies fail to live up to what was expected, investment falls, and a recession ensues. It is surprisingly di¢ cult to make this story work in a standard business cycle model. Coc ...
... driven by the prospects of new technologies lead to high levels of investment and to an economic boom. When the new technologies fail to live up to what was expected, investment falls, and a recession ensues. It is surprisingly di¢ cult to make this story work in a standard business cycle model. Coc ...
NBER WORKING PAPER SERIES INTERNATIONAL R&D SPILLOVERS: A RE-EXAMWATION
... The opinions expressed in this paper are those of the authors, and not those of Columbia University, Universit6 Libre de Bruxelles or the National Bureau of Economic Research. An earlier version of this paper was presented at the OECD Conference on New S&T Indicators for the Knowledge-Based Economy, ...
... The opinions expressed in this paper are those of the authors, and not those of Columbia University, Universit6 Libre de Bruxelles or the National Bureau of Economic Research. An earlier version of this paper was presented at the OECD Conference on New S&T Indicators for the Knowledge-Based Economy, ...
a history of ground-breaking research and investment
... in 2001. “Prior to using Barra Aegis, we used an optimization program that was not commercially available and had problems with managing the turnover. What we liked about Barra Aegis and Barra Optimizer was the ability to manage the turnover in the optimization.” Barra Aegis is an integrated suite o ...
... in 2001. “Prior to using Barra Aegis, we used an optimization program that was not commercially available and had problems with managing the turnover. What we liked about Barra Aegis and Barra Optimizer was the ability to manage the turnover in the optimization.” Barra Aegis is an integrated suite o ...
Introduction 1 Industry mapping and aggregation
... version of the Japan Industrial Productivity (JIP) Database 1. This dataset uses its own industry classification, distinguishing 108 industries, covering the whole of the Japanese economy. The source data from the JIP database has been mapped to the World KLEMS industry list which is based on the th ...
... version of the Japan Industrial Productivity (JIP) Database 1. This dataset uses its own industry classification, distinguishing 108 industries, covering the whole of the Japanese economy. The source data from the JIP database has been mapped to the World KLEMS industry list which is based on the th ...
Les faits
... that the requirements of NI 45-106 were met. The Respondent was fully aware of the requirements of NI 45-106 and specifically was fully conversant with the “accredited investor” definition. In fact, the accredited investor exemption was the exclusive basis upon which sales of Walton securities were ...
... that the requirements of NI 45-106 were met. The Respondent was fully aware of the requirements of NI 45-106 and specifically was fully conversant with the “accredited investor” definition. In fact, the accredited investor exemption was the exclusive basis upon which sales of Walton securities were ...
NBER WORKING PAPER SERIES SUSTAINABILITY AND THE MEASUREMENT OF WEALTH Partha Dasgupta
... formal and informal institutions that influence the allocation of resources. We will see presently that reproducible capital, human capital, and natural capital enter quantitative estimates of sustainable development in a somewhat different way from population, public knowledge, and institutions. Wi ...
... formal and informal institutions that influence the allocation of resources. We will see presently that reproducible capital, human capital, and natural capital enter quantitative estimates of sustainable development in a somewhat different way from population, public knowledge, and institutions. Wi ...
CEE Investment Report 2016
... the fastest growing economies in the EU in the coming years1. In 2015, GDP growth in CEE (3.1%) was nearly double that of the euro area (1.6%). According to data provided by the International Monetary Fund, the CEE countries* combined generate $1,404bn in nominal GDP, which would make them the world ...
... the fastest growing economies in the EU in the coming years1. In 2015, GDP growth in CEE (3.1%) was nearly double that of the euro area (1.6%). According to data provided by the International Monetary Fund, the CEE countries* combined generate $1,404bn in nominal GDP, which would make them the world ...
Weak rupee: Is it good, or is it bad for the economy?
... The rupee’s weakness may make foreign investors think twice before investing. Foreign capital inflows are typically at risk when the local currency weakens. Portfolio flows into both debt and equity will taper, with investors subscribing to the view that the local currency could depreciate further. ...
... The rupee’s weakness may make foreign investors think twice before investing. Foreign capital inflows are typically at risk when the local currency weakens. Portfolio flows into both debt and equity will taper, with investors subscribing to the view that the local currency could depreciate further. ...
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.