Top financial services issues of 2017
... whether you can “get better customer satisfaction and retention by analyzing the audio data from call centers,” you might not have a specific metric in mind. However, applying AI to this problem may yield insight that other techniques can’t. Make AI an extension of your data ...
... whether you can “get better customer satisfaction and retention by analyzing the audio data from call centers,” you might not have a specific metric in mind. However, applying AI to this problem may yield insight that other techniques can’t. Make AI an extension of your data ...
Being Warren Buffett - Smith College Mathematics Department.
... WHITE represents the (inflation adjusted) performance of US Treasury Bills Quote from authors: “We made up RED. We don’t know of any investment that performs like RED. If you know of one, please tell us so we can make PINK!” ...
... WHITE represents the (inflation adjusted) performance of US Treasury Bills Quote from authors: “We made up RED. We don’t know of any investment that performs like RED. If you know of one, please tell us so we can make PINK!” ...
Quantitative Easing - Cambridge Political Economy Society
... Fed can change the composition of its assets without altering the quantity of its liabilities. For example, it can substitute loans to financial institutions or privately issued securities for some of its holdings of government securities. Such changes would not affect the short-term nominal interes ...
... Fed can change the composition of its assets without altering the quantity of its liabilities. For example, it can substitute loans to financial institutions or privately issued securities for some of its holdings of government securities. Such changes would not affect the short-term nominal interes ...
JOIM - CSInvesting
... For example the overall …rm average of leverage is 44% while …rms that are about to fail have an average leverage of 73.7%. This higher level is 1.05 standard deviations higher than the overall mean. When interpreting the statistics, it is important to remember a few things about the sample and the ...
... For example the overall …rm average of leverage is 44% while …rms that are about to fail have an average leverage of 73.7%. This higher level is 1.05 standard deviations higher than the overall mean. When interpreting the statistics, it is important to remember a few things about the sample and the ...
A Theoretical Model of ‘Riskless Capitalism’ Rohit and Prasenjit Bose
... On the higher side, it increases till it hits the credit contraint (δmax ) beyond which it can’t increase. In case defaults start rising and the ex post realisation of capitalists’ collateral is lesser than its ex ante value, banks find their balance sheets becoming vulnerable (reflected in rising N ...
... On the higher side, it increases till it hits the credit contraint (δmax ) beyond which it can’t increase. In case defaults start rising and the ex post realisation of capitalists’ collateral is lesser than its ex ante value, banks find their balance sheets becoming vulnerable (reflected in rising N ...
Holding Excess Foreign Reserves Versus Infrastructure Finance
... cases the net financial outcome from holding reserves may even be a loss, especially in those cases where comparatively low-yielding foreign assets are financed with higher-yielding domestic borrowings. And even a positive return may not be optimal; the key question is whether higher returns, after ...
... cases the net financial outcome from holding reserves may even be a loss, especially in those cases where comparatively low-yielding foreign assets are financed with higher-yielding domestic borrowings. And even a positive return may not be optimal; the key question is whether higher returns, after ...
Tip sheet 1 - Investing in the now and future
... kindergarten, including the purchase of equipment and resources. Children enrolled in programs have equal entitlement to benefit from up-to-date equipment (e.g. reading materials, puzzles, learning games, IT equipment and outdoor equipment) as the children attending the kindergarten before them. Par ...
... kindergarten, including the purchase of equipment and resources. Children enrolled in programs have equal entitlement to benefit from up-to-date equipment (e.g. reading materials, puzzles, learning games, IT equipment and outdoor equipment) as the children attending the kindergarten before them. Par ...
EFFECT OF BEHAVIOURAL BIASES ON INVESTMENT DECISIONS
... Major findings showed that results of individual investor decisions were significantly correlated to: representativeness bias (r=-.253, p<.01); Illusion of Control bias ((r=-.240, p<.01); Cognitive Dissonance bias (r=.200, p<.01); Herd Instinct bias (r=.200, p<.01); and Hindsight bias (r=.187, p<.01 ...
... Major findings showed that results of individual investor decisions were significantly correlated to: representativeness bias (r=-.253, p<.01); Illusion of Control bias ((r=-.240, p<.01); Cognitive Dissonance bias (r=.200, p<.01); Herd Instinct bias (r=.200, p<.01); and Hindsight bias (r=.187, p<.01 ...
NBER WORKING PAPER SERIES RISK SHIFTING VERSUS RISK MANAGEMENT:
... ultimately terminated had less volatile returns on invested pension fund assets over the entire sample period than the average plan in the sample. The time-series standard deviation of investment returns of assets in plans that ultimately terminate is no greater than that of assets in plans that do ...
... ultimately terminated had less volatile returns on invested pension fund assets over the entire sample period than the average plan in the sample. The time-series standard deviation of investment returns of assets in plans that ultimately terminate is no greater than that of assets in plans that do ...
Financial Comparison Between The Boeing Company and
... • Sales, EBIT, Total Assets, and Capital Expenditures are nearly equal between both companies. • Outstanding Contribution to Overall 1998 Net Earnings – Boeing: 127% – Lockheed Martin: 65% ...
... • Sales, EBIT, Total Assets, and Capital Expenditures are nearly equal between both companies. • Outstanding Contribution to Overall 1998 Net Earnings – Boeing: 127% – Lockheed Martin: 65% ...
Financial Intermediaries and Transaction Costs
... clientele of overlapping generations of agents who face uncorrelated liquidity shocks, transaction costs can be avoided altogether. We show that in the absence of aggregate risk, an end fund will never have to sell assets: if the fund has a large diversified clientele of overlapping generations, tot ...
... clientele of overlapping generations of agents who face uncorrelated liquidity shocks, transaction costs can be avoided altogether. We show that in the absence of aggregate risk, an end fund will never have to sell assets: if the fund has a large diversified clientele of overlapping generations, tot ...
Annual Information Form
... practices are designed to ensure that the investments of the Portfolios are diversified and relatively liquid, and to ensure that the Portfolios are properly administered. The Portfolios are subject, namely, to section 4.1 of Regulation 81-102, which prohibits certain investments when certain relate ...
... practices are designed to ensure that the investments of the Portfolios are diversified and relatively liquid, and to ensure that the Portfolios are properly administered. The Portfolios are subject, namely, to section 4.1 of Regulation 81-102, which prohibits certain investments when certain relate ...
Optimizing Aggressiveness in Stock Trading Simulations
... Degree of Trust in our model is denoted as the variable called self-confidence, which is created to control the degree of trust in market momentum. The higher the selfconfidence, the stronger the agents believe in their own trading strategies, thus decreasing the impact of the trading environment ar ...
... Degree of Trust in our model is denoted as the variable called self-confidence, which is created to control the degree of trust in market momentum. The higher the selfconfidence, the stronger the agents believe in their own trading strategies, thus decreasing the impact of the trading environment ar ...
Market-Consistent Valuations of Life Insurance Business
... Insurers can use risk-free rates and asset volatilities, deduced from market prices, to help calibrate the model they are using. However, we can see that there are differences between firms in their modelling, because each insurer has to report what its model produces for specimen put option prices. ...
... Insurers can use risk-free rates and asset volatilities, deduced from market prices, to help calibrate the model they are using. However, we can see that there are differences between firms in their modelling, because each insurer has to report what its model produces for specimen put option prices. ...
MODELS FOR THE ASSESSMENT OF THE ENTREPRISE
... something which is not possible even today, despite all the progress of the financial theory. The purpose of this model was to study risk in credit granting, including an extension of risk analysis by including certain variables linked o the human factor and the globa l economic environment. The sub ...
... something which is not possible even today, despite all the progress of the financial theory. The purpose of this model was to study risk in credit granting, including an extension of risk analysis by including certain variables linked o the human factor and the globa l economic environment. The sub ...
An Empirical Assessment of Models of the Value Premium*
... variables. The way we identify our conditional variables is motivated by the limits-toarbitrage literature, which has shown that the value premium is much more pronounced among firms with high limits to arbitrage. We therefore choose six commonly used proxies for limits to arbitrage as our moderator ...
... variables. The way we identify our conditional variables is motivated by the limits-toarbitrage literature, which has shown that the value premium is much more pronounced among firms with high limits to arbitrage. We therefore choose six commonly used proxies for limits to arbitrage as our moderator ...
my article (available in English) - Lionel TOLLE
... 5. The subjective factors influencing the Decision-making The influences on decision-making are, on the one hand, those internal to the person, stemming from his personality, itself influenced by experience and environment, and on the other hand those stemming from social and cultural factors. In th ...
... 5. The subjective factors influencing the Decision-making The influences on decision-making are, on the one hand, those internal to the person, stemming from his personality, itself influenced by experience and environment, and on the other hand those stemming from social and cultural factors. In th ...
Creating value from intellectual assets
... the management capabilities of individual firms and the implementation of appropriate business strategies. For example, leading firms have adopted new R&D management practices that aim to link R&D spending more closely to their business strategy, while relying on external sources to gain access to c ...
... the management capabilities of individual firms and the implementation of appropriate business strategies. For example, leading firms have adopted new R&D management practices that aim to link R&D spending more closely to their business strategy, while relying on external sources to gain access to c ...
Wescott: A History of Our Advice - Wescott Financial Advisory Group
... The early 1990s were filled with concerns about the recession, Persian Gulf War, rising unemployment and global risks (the Mexican peso crisis of 1994 shocked global markets). In 1995, investors had no clue that the most extraordinary period in stock market history was about to begin. By late 1999, ...
... The early 1990s were filled with concerns about the recession, Persian Gulf War, rising unemployment and global risks (the Mexican peso crisis of 1994 shocked global markets). In 1995, investors had no clue that the most extraordinary period in stock market history was about to begin. By late 1999, ...
Befimmo (Hold - EUR 45.5) Tough times for the Brussels office market
... 5.15/share) while it stood at EUR 6.6/share last year (-19% YoY). Average financing costs were 3.55% over ’11, while at 2.97% last year. At the ’11 results, Befimmo forecasted that CoD will increase to c. 4%. Hence EPS guidance for 12e was lowered by 8% to 3.86/share because of higher cost of debt a ...
... 5.15/share) while it stood at EUR 6.6/share last year (-19% YoY). Average financing costs were 3.55% over ’11, while at 2.97% last year. At the ’11 results, Befimmo forecasted that CoD will increase to c. 4%. Hence EPS guidance for 12e was lowered by 8% to 3.86/share because of higher cost of debt a ...
Corporate Bond Portfolios - European Financial Management
... the extent that they affect the distribution of the optimized portfolios returns, and therefore the investors expected utility. In the empirical implementation, we assume a constant relative risk aversion (CRRA) utility which is simple and yet implies that the investor cares about all moments of the ...
... the extent that they affect the distribution of the optimized portfolios returns, and therefore the investors expected utility. In the empirical implementation, we assume a constant relative risk aversion (CRRA) utility which is simple and yet implies that the investor cares about all moments of the ...
Ground rents: an opportunity for institutional investors to
... therefore, is normally paid relatively easily. In addition, the leaseholder of the property is incentivized to make ground rent payments to avoid forfeiting significant value if the freeholder repossessed the property in the event of default. Thus, ground rent cash flows are both wellsecured and sta ...
... therefore, is normally paid relatively easily. In addition, the leaseholder of the property is incentivized to make ground rent payments to avoid forfeiting significant value if the freeholder repossessed the property in the event of default. Thus, ground rent cash flows are both wellsecured and sta ...