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... Change management is the continuous process of aligning an organization with its marketplace. Alignment is the continuous synchronization of four key management levels – strategy, operations, culture and reward The concept is grounded in the principle of continuous measurement and feedback on the pe ...
... Change management is the continuous process of aligning an organization with its marketplace. Alignment is the continuous synchronization of four key management levels – strategy, operations, culture and reward The concept is grounded in the principle of continuous measurement and feedback on the pe ...
Mutual Funds and Bubbles: The Surprising Role of Contractual
... changes in the advisory contract. Though the number of cases in which the contract changed is very small, it is shown that such changes benefit the investors. In a similar vein, Almazan et al. (2004) look at the constraints imposed on mutual fund managers in terms of trading restrictions. We build o ...
... changes in the advisory contract. Though the number of cases in which the contract changed is very small, it is shown that such changes benefit the investors. In a similar vein, Almazan et al. (2004) look at the constraints imposed on mutual fund managers in terms of trading restrictions. We build o ...
A2 PRIVATE INVESTMENTS IN NEW INFRASTRUCTURES
... external effects. They are another source of market failure. The two distinguishing features of public goods are “non-exclusiveness” and “non-rivalry”. Non-rivalry means that use by one consumer is not at the expense of the use by another. In other words, the marginal costs of an extra user are zero ...
... external effects. They are another source of market failure. The two distinguishing features of public goods are “non-exclusiveness” and “non-rivalry”. Non-rivalry means that use by one consumer is not at the expense of the use by another. In other words, the marginal costs of an extra user are zero ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... (Achou, 2008). The very nature of the banking business is so sensitive because more than 85% of their liability is deposits from depositors (Saunders, Cornett, 2005). Banks use these deposits to generate credit for their borrowers, which in fact is a revenue generating activity for most banks. This ...
... (Achou, 2008). The very nature of the banking business is so sensitive because more than 85% of their liability is deposits from depositors (Saunders, Cornett, 2005). Banks use these deposits to generate credit for their borrowers, which in fact is a revenue generating activity for most banks. This ...
The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities
... the economy. We use the more than $1 trillion intervention by the Fed to calibrate the non-standard policy reaction function of the government. Our main result is that both the financial shock and the liquidity policy can have a quantitatively large effect. A calibrated shock to the resaleability c ...
... the economy. We use the more than $1 trillion intervention by the Fed to calibrate the non-standard policy reaction function of the government. Our main result is that both the financial shock and the liquidity policy can have a quantitatively large effect. A calibrated shock to the resaleability c ...
Throwing the Spanner in the Works: The Mixed Blessing of FDI
... out of the developing country as nancial capital. At the same time, direct investment by foreign entrepreneurs will enter in return. This structure of two-way capital ows is indeed what we observe in the world economy. Table 1 illustrates this pattern. Aggregately, in contrast to the discussion th ...
... out of the developing country as nancial capital. At the same time, direct investment by foreign entrepreneurs will enter in return. This structure of two-way capital ows is indeed what we observe in the world economy. Table 1 illustrates this pattern. Aggregately, in contrast to the discussion th ...
RTF format
... a person who is attempting to cover up a conspiracy with Martinson. On the contrary, his reference to Cloete, who could have been asked at any time to explain his conduct and the incorrect allocations, in my view shows his honesty in this respect. If he had been party to any conspiracy with Martinso ...
... a person who is attempting to cover up a conspiracy with Martinson. On the contrary, his reference to Cloete, who could have been asked at any time to explain his conduct and the incorrect allocations, in my view shows his honesty in this respect. If he had been party to any conspiracy with Martinso ...
University and College Union
... You will, of course, be aware that our members have genuine grievances around the proposals to cut their pension benefits. We have seen overwhelming support in industrial action ballots. You are aware of the action we have called to date. I ask you to consider your approach to deductions for this a ...
... You will, of course, be aware that our members have genuine grievances around the proposals to cut their pension benefits. We have seen overwhelming support in industrial action ballots. You are aware of the action we have called to date. I ask you to consider your approach to deductions for this a ...
“Idiosyncratic Risk, Systematic Risk, and Firm Welfare”
... in equilibrium the expected utility of an investor who can trade in the …rm’s shares must be equivalent to the expected utility of an investor who cannot. Merton (1987) suggests that it is generally naive to believe that investors include in their personal portfolios the universe of equity securitie ...
... in equilibrium the expected utility of an investor who can trade in the …rm’s shares must be equivalent to the expected utility of an investor who cannot. Merton (1987) suggests that it is generally naive to believe that investors include in their personal portfolios the universe of equity securitie ...
Not so Great Expectations: A Model of Growth and Informational Frictions
... In this paper, I introduce a tractable, dynamic framework for studying the feedback loop in learning that occurs between …nancial markets and …rms when …nancial markets aggregate investor private information about the productivity of real investment. Through this informational channel, …nancial mark ...
... In this paper, I introduce a tractable, dynamic framework for studying the feedback loop in learning that occurs between …nancial markets and …rms when …nancial markets aggregate investor private information about the productivity of real investment. Through this informational channel, …nancial mark ...
Red Hot Penny Shares - SilverBridge Holdings
... Back in 2012 I discovered a little known IT company. It was too small for investment funds to worry about, the media didn’t bother featuring the company’s results and the share was completely undervalued. The share I’m talking about was Adapt IT. It soared from 130c in 2012 to R13 this year. The sam ...
... Back in 2012 I discovered a little known IT company. It was too small for investment funds to worry about, the media didn’t bother featuring the company’s results and the share was completely undervalued. The share I’m talking about was Adapt IT. It soared from 130c in 2012 to R13 this year. The sam ...
How important is dividend yield?
... At its most basic level, dividends are profit sharing. A share of common stock represents an ownership share in a company. Just as the owner of a small business enjoys the profits of the business’ operations, so too does a shareholder in a larger company. The dividend is compensation for the investm ...
... At its most basic level, dividends are profit sharing. A share of common stock represents an ownership share in a company. Just as the owner of a small business enjoys the profits of the business’ operations, so too does a shareholder in a larger company. The dividend is compensation for the investm ...
SBICs: More Popular Than Ever Should You Form One?
... appropriate Regulatory Capital amount in light of their investment strategy and typical investment size when determining whether or not a SBIC license is a good fit for their business SBICs that have a planned 10-15 year lifespan, rather than an evergreen or indefinite life structure, are preferre ...
... appropriate Regulatory Capital amount in light of their investment strategy and typical investment size when determining whether or not a SBIC license is a good fit for their business SBICs that have a planned 10-15 year lifespan, rather than an evergreen or indefinite life structure, are preferre ...
Top 10 regulatory challenges for banking and capital markets
... While international uncertainties do not directly impact Australian regulation, it would be fair to assume that APRA and ASIC are closely monitoring developments. Domestic regulators may wait until US and European positions are more settled before pushing ahead with local regulatory change. A move a ...
... While international uncertainties do not directly impact Australian regulation, it would be fair to assume that APRA and ASIC are closely monitoring developments. Domestic regulators may wait until US and European positions are more settled before pushing ahead with local regulatory change. A move a ...
EQEO Performance Summary
... Industries Qatar (IQ) is the largest publicly traded company of Qatar. IQ is holding company with interests in petrochemicals via 80% owned Qatar Petrochemical Co., fertilizers via 75% owned Qatar Fertilizer Co., steel via 100% owned Qatar Steel Co. and fuel additives via 50% owned Qatar Fuel Additi ...
... Industries Qatar (IQ) is the largest publicly traded company of Qatar. IQ is holding company with interests in petrochemicals via 80% owned Qatar Petrochemical Co., fertilizers via 75% owned Qatar Fertilizer Co., steel via 100% owned Qatar Steel Co. and fuel additives via 50% owned Qatar Fuel Additi ...
Stock Fundamentals 2010
... operating margins. They should have higher CV Retail Companies tend to have lower operating leverages and margins and therefore should have lower CV. Sales of cyclical sectors – auto or steel – will be more volatile than noncyclicals – hospital services. ...
... operating margins. They should have higher CV Retail Companies tend to have lower operating leverages and margins and therefore should have lower CV. Sales of cyclical sectors – auto or steel – will be more volatile than noncyclicals – hospital services. ...
Why Managing Inflation Risk Still Matters: A Multi
... Another source of real assets is commercial real estate— apartment buildings, office towers, and shopping malls. Investors can gain exposure to these assets through real estate investment trusts (REITs) and real estate fixed income. Within this segment, combining equities that offer the potential fo ...
... Another source of real assets is commercial real estate— apartment buildings, office towers, and shopping malls. Investors can gain exposure to these assets through real estate investment trusts (REITs) and real estate fixed income. Within this segment, combining equities that offer the potential fo ...
Leverage ratio
... However, the incentives created by the regulation have significant implications for capital markets activity and the leverage ratio and NSFR in particular weigh heavily on low-risk assets like cash and government securities. These assets are used as collateral for central clearing and other financin ...
... However, the incentives created by the regulation have significant implications for capital markets activity and the leverage ratio and NSFR in particular weigh heavily on low-risk assets like cash and government securities. These assets are used as collateral for central clearing and other financin ...
Cash-flow Risk, Discount Risk, and the Value Premium
... stocks over the business cycle as measured by shocks to aggregate consumption. In particular, consistently with the data, value stocks are particularly risky during “bad” times. This is natural: Agents demand a relatively higher compensation for holding assets with cash-flows that covary positively ...
... stocks over the business cycle as measured by shocks to aggregate consumption. In particular, consistently with the data, value stocks are particularly risky during “bad” times. This is natural: Agents demand a relatively higher compensation for holding assets with cash-flows that covary positively ...
Cleaning up the Spanish financial sector´s real
... estate assets. Initial risk reduction strategies have included loan refinancing and restructuring operations, together with foreclosures, which ended up significantly increasing the number of properties held on Spanish financial institutions´ balance sheets. Subsequent phases of deleveraging include ...
... estate assets. Initial risk reduction strategies have included loan refinancing and restructuring operations, together with foreclosures, which ended up significantly increasing the number of properties held on Spanish financial institutions´ balance sheets. Subsequent phases of deleveraging include ...