Final decision - Review of electricity transmission and distribution
... additional uncertainty as a result of the ‘global financial crisis’ has clearly added another dimension to the task. Where a method rather than a value has been prescribed for a parameter, such as the risk-free rate, this will be determined at the beginning of each regulatory reset period and so the ...
... additional uncertainty as a result of the ‘global financial crisis’ has clearly added another dimension to the task. Where a method rather than a value has been prescribed for a parameter, such as the risk-free rate, this will be determined at the beginning of each regulatory reset period and so the ...
Chen_uta_2502D_12115
... shares in 2008. The main corresponding derivative market, the Chicago Board of Options Exchange (CBOE), also had about 1.2 billion in total number of contracts traded. It translates into an annual total trading value of over 969 billion dollars. The heavy trading activities in those markets makes us ...
... shares in 2008. The main corresponding derivative market, the Chicago Board of Options Exchange (CBOE), also had about 1.2 billion in total number of contracts traded. It translates into an annual total trading value of over 969 billion dollars. The heavy trading activities in those markets makes us ...
Essays on the Forecasting Power of Implied Volatility
... In theory, if Black-Scholes is the correct option-pricing model, we should observe the same volatility for all European options with the same exercise price and time to maturity. But in reality, due to either Black-Scholes not being the correct model or to the existence of market frictions and meas ...
... In theory, if Black-Scholes is the correct option-pricing model, we should observe the same volatility for all European options with the same exercise price and time to maturity. But in reality, due to either Black-Scholes not being the correct model or to the existence of market frictions and meas ...
Overview of Investment Management Fees
... Pro: when markets decline, manager will experience lower fees Con: generally increase over time as assets increase due to market movements ...
... Pro: when markets decline, manager will experience lower fees Con: generally increase over time as assets increase due to market movements ...
asx release
... ash, roofing, stone and light building products. And it’s this strong alignment that means we can deliver substantial value through synergies – ramping up to approximately US$100 million per annum of synergies within four years of closing. “It’s the synergy opportunities that help make this a highly ...
... ash, roofing, stone and light building products. And it’s this strong alignment that means we can deliver substantial value through synergies – ramping up to approximately US$100 million per annum of synergies within four years of closing. “It’s the synergy opportunities that help make this a highly ...
OECD Benchmark Definition of Foreign Direct Investment
... right policy framework, FDI can provide financial stability, promote economic development and enhance the well being of societies. Reliable FDI statistics have always been essential for policy makers faced with the challenges of attracting and making the most of international investment. In the earl ...
... right policy framework, FDI can provide financial stability, promote economic development and enhance the well being of societies. Reliable FDI statistics have always been essential for policy makers faced with the challenges of attracting and making the most of international investment. In the earl ...
Prowess
... to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. ...
... to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. ...
Scope and Definition
... This paper analyses the scope and definitions of international investment agreements (IIAs). IIAs must specify not only their geographical and temporal coverage, but, most importantly, their subject-matter coverage. This is done primarily through the definitions of the terms “investment” and “invest ...
... This paper analyses the scope and definitions of international investment agreements (IIAs). IIAs must specify not only their geographical and temporal coverage, but, most importantly, their subject-matter coverage. This is done primarily through the definitions of the terms “investment” and “invest ...
MSCI ID Sign In
... in its current form, for this analysis we assume that the countries that make up Europe will continue to have close economic ties. Overall, we find that both markets are broad and well-diversified with more similarities than differences. Contagion risks from foreign sources are important for both US ...
... in its current form, for this analysis we assume that the countries that make up Europe will continue to have close economic ties. Overall, we find that both markets are broad and well-diversified with more similarities than differences. Contagion risks from foreign sources are important for both US ...
Corporate Personality - University at Albany
... to expand the employee base to 300 and lead to revenues of DM 100 Million or 52 million in dollars (sap.com). Shortly after reaching this milestone, IBM’s new generation of servers made SAP’s software available to midsize customers. In order to effectively support these new costumers, SAP establish ...
... to expand the employee base to 300 and lead to revenues of DM 100 Million or 52 million in dollars (sap.com). Shortly after reaching this milestone, IBM’s new generation of servers made SAP’s software available to midsize customers. In order to effectively support these new costumers, SAP establish ...
The market pricing of accruals quality
... differences significant at the 0.001 level). Controlling for other variables known to affect debt costs (leverage, firm size, return on assets, interest coverage, and earnings volatility), the results suggest that firms with the best AQ enjoy a 126 basis point (bp) lower cost of debt relative to firms w ...
... differences significant at the 0.001 level). Controlling for other variables known to affect debt costs (leverage, firm size, return on assets, interest coverage, and earnings volatility), the results suggest that firms with the best AQ enjoy a 126 basis point (bp) lower cost of debt relative to firms w ...
Words - Nasdaq`s INTEL Solutions
... loans in our portfolio at that time. On September 28, 2010, principally to facilitate the repayment of an existing credit facility that would have prevented this offering by virtue of a change-in-control provision, we sold a substantial portion of our loan portfolio to a newly formed wholly-owned De ...
... loans in our portfolio at that time. On September 28, 2010, principally to facilitate the repayment of an existing credit facility that would have prevented this offering by virtue of a change-in-control provision, we sold a substantial portion of our loan portfolio to a newly formed wholly-owned De ...
Investment Policy Manual
... corporate bonds; mortgage-backed securities; municipal securities of New York State and its political subdivisions or authorities; bonds of the Commonwealth of Canada and its political subdivisions or authorities; preferred shares; common stocks; deposits in savings banks; equity real estate; mortga ...
... corporate bonds; mortgage-backed securities; municipal securities of New York State and its political subdivisions or authorities; bonds of the Commonwealth of Canada and its political subdivisions or authorities; preferred shares; common stocks; deposits in savings banks; equity real estate; mortga ...
Joint Statement of the Management Board (Vorstand) and the
... (Wertpapiererwerbs- und Übernahmegesetzes - "WpÜG") ("Offer Document") concerning the voluntary public takeover bid to the shareholders of GfK SE, a company having its seat in Nürnberg, Germany, registered in the commercial register of the local court of Nürnberg under registration number HRB 25014, ...
... (Wertpapiererwerbs- und Übernahmegesetzes - "WpÜG") ("Offer Document") concerning the voluntary public takeover bid to the shareholders of GfK SE, a company having its seat in Nürnberg, Germany, registered in the commercial register of the local court of Nürnberg under registration number HRB 25014, ...
The Kay Review of UK Equity Markets and Long–Term Decision
... In 2010, only 11.5 per cent of UK shares were owned directly by individuals. In the early 1960s this figure was as high as 54 per cent. The major investment decisions which affect British companies are now taken by asset fund managers around the world who work for firms which control billions, often ...
... In 2010, only 11.5 per cent of UK shares were owned directly by individuals. In the early 1960s this figure was as high as 54 per cent. The major investment decisions which affect British companies are now taken by asset fund managers around the world who work for firms which control billions, often ...
Post-conflict Privatisation: A Review of Developments in Serbia and
... framework (taken for granted in industrialised economies) they failed to generate an effective system for corporate governance. Ownership was widely dispersed among shareholders who had little capacity to monitor the operation of privatised enterprises. Subsequently, greater credence has been given ...
... framework (taken for granted in industrialised economies) they failed to generate an effective system for corporate governance. Ownership was widely dispersed among shareholders who had little capacity to monitor the operation of privatised enterprises. Subsequently, greater credence has been given ...
the first six decades - International Finance Corporation
... conditions, and applied to address the world’s most urgent development challenges. Six decades ago, a few dozen countries made a calculated bet on the transformative potential of the private sector in developing countries. They put up $100 million in capital and established IFC to reinforce the work ...
... conditions, and applied to address the world’s most urgent development challenges. Six decades ago, a few dozen countries made a calculated bet on the transformative potential of the private sector in developing countries. They put up $100 million in capital and established IFC to reinforce the work ...
Are Dividend Changes a Sign of Firm Maturity?
... what else could it be? One possibility is that dividend changes convey information about changes in discount rates. By definition, fundamental news about a firm has to be either about its cash flows or about its discount rates. If the good news in a dividend increase is not about future cash flows ...
... what else could it be? One possibility is that dividend changes convey information about changes in discount rates. By definition, fundamental news about a firm has to be either about its cash flows or about its discount rates. If the good news in a dividend increase is not about future cash flows ...
Study on Monitoring and Enforcement - European Commission
... Figure I-4-1: Example of voting disclosure form for investors (Portugal) .................................. 49 Figure I-4-2: Relation between EU legislation, national legislation and codes ........................... 53 Figure I-5-1: Update of corporate governance codes in the Member States ........ ...
... Figure I-4-1: Example of voting disclosure form for investors (Portugal) .................................. 49 Figure I-4-2: Relation between EU legislation, national legislation and codes ........................... 53 Figure I-5-1: Update of corporate governance codes in the Member States ........ ...
dollar cost averaging - the role of cognitive error
... investing immediately in one lump sum, and thus being fully exposed to the returns in each subperiod. Milevsky and Posner (2003) extend the analysis into continuous time, and show that it is always possible to construct a constant proportions continuously rebalanced portfolio which will stochastical ...
... investing immediately in one lump sum, and thus being fully exposed to the returns in each subperiod. Milevsky and Posner (2003) extend the analysis into continuous time, and show that it is always possible to construct a constant proportions continuously rebalanced portfolio which will stochastical ...
Determinants of Dividend Policy in Sweden
... Black (1976) discussed whether the reason could be that investors want a return on their investment and he suggested that firms pay dividend to reward the existing shareholders while at the same time attracting other investors to buy new issues of common stock at a higher price, because they value t ...
... Black (1976) discussed whether the reason could be that investors want a return on their investment and he suggested that firms pay dividend to reward the existing shareholders while at the same time attracting other investors to buy new issues of common stock at a higher price, because they value t ...
Azure Power Global Limited
... We developed India’s first utility scale solar project in 2009. As of December 31, 2014, we operated 11 projects with a combined rated capacity of 90MW. As of such date we were also constructing 10 projects with a combined rated capacity of 150MW and had an additional 191MW of projects committed. Me ...
... We developed India’s first utility scale solar project in 2009. As of December 31, 2014, we operated 11 projects with a combined rated capacity of 90MW. As of such date we were also constructing 10 projects with a combined rated capacity of 150MW and had an additional 191MW of projects committed. Me ...
- Scholar Commons
... It steadily increases again from 1994 until 2000. The years 1999-2001 show the highest level of financing with an all time high in the year 2000. The increase in the late 1990s is largely a function of increased capital commitments to the so called “new economy” firms, for example, internet, compute ...
... It steadily increases again from 1994 until 2000. The years 1999-2001 show the highest level of financing with an all time high in the year 2000. The increase in the late 1990s is largely a function of increased capital commitments to the so called “new economy” firms, for example, internet, compute ...
Azure Power Global Ltd (Form: F-1/A, Received: 10/07
... distributed to you. We and the selling shareholders have not, and the underwriters have not, authorized any person to provide you with information different from that contained in this prospectus or any related free-writing prospectus that we authorize to be distributed to you. This prospectus is no ...
... distributed to you. We and the selling shareholders have not, and the underwriters have not, authorized any person to provide you with information different from that contained in this prospectus or any related free-writing prospectus that we authorize to be distributed to you. This prospectus is no ...
Trading Volume Reaction to the Earnings Reconciliation from IFRS
... trade on the earnings reconciliation information from IAS to U.S. GAAP during this time period. They also find weak evidence that there is a short-term trading volume reaction in the local markets to the same earnings reconciliation information. Our paper extends CS in three ways. First, many countr ...
... trade on the earnings reconciliation information from IAS to U.S. GAAP during this time period. They also find weak evidence that there is a short-term trading volume reaction in the local markets to the same earnings reconciliation information. Our paper extends CS in three ways. First, many countr ...
Private equity in the 1980s
Private equity in the 1980s 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 development of the private equity and venture capital asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. The 1980s saw the first major boom and bust cycle in private equity. The cycle which is typically marked by the 1982 acquisition of Gibson Greetings and ending just over a decade later was characterized by a dramatic surge in leveraged buyout (LBO) activity financed by junk bonds. The period culminated in the massive buyout of RJR Nabisco before the near collapse of the leveraged buyout industry in the late 1980s and early 1990s marked by the collapse of Drexel Burnham Lambert and the high-yield debt market.