ANNUAL REPORT 2011
... been able to make a two cent distribution for the year supplemented by free cash from reserves. In addition, the Tollway’s ongoing operational performance confirms its status as a world class infrastructure asset, with effective incident response systems, high maintenance standards and an impressive ...
... been able to make a two cent distribution for the year supplemented by free cash from reserves. In addition, the Tollway’s ongoing operational performance confirms its status as a world class infrastructure asset, with effective incident response systems, high maintenance standards and an impressive ...
Stanley Fischer Robert C. Merton Working Paper No. 1291
... contracts, In the Azarladis (1975)—Baily (1974) approach, labor contracts with constant real wages are a mechanism by which risk neutral firms provide insurance to risk averse workers. Such contracts, have been taken as providing a rationalization for stickiness of wages, though it should be noted t ...
... contracts, In the Azarladis (1975)—Baily (1974) approach, labor contracts with constant real wages are a mechanism by which risk neutral firms provide insurance to risk averse workers. Such contracts, have been taken as providing a rationalization for stickiness of wages, though it should be noted t ...
FTSE4Good Environmental Leaders Europe 40 Index
... All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or lic ...
... All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or lic ...
Official PDF , 38 pages
... technology. Investmentof one gc. at t yields n > 0 goods at t+l or t+2. The second production technology involvesthe risky and illiquidactivity of forming and investing in "firms" that have a higher expectedreturn than the liquid technology. In a two-stage,two-periodprocess, consumptiongoods are pro ...
... technology. Investmentof one gc. at t yields n > 0 goods at t+l or t+2. The second production technology involvesthe risky and illiquidactivity of forming and investing in "firms" that have a higher expectedreturn than the liquid technology. In a two-stage,two-periodprocess, consumptiongoods are pro ...
GOLDMAN SACHS - Follow the “money” in China... to measure credit
... monetary data published by the PBOC has also clearly shown that the banking sector’s “claims on non-bank financial institutions (NBFIs)” (and also banks’ “equity and other investment”) have been rising rapidly in the last several quarters (for the PBOC data on these items, see this and this). These ...
... monetary data published by the PBOC has also clearly shown that the banking sector’s “claims on non-bank financial institutions (NBFIs)” (and also banks’ “equity and other investment”) have been rising rapidly in the last several quarters (for the PBOC data on these items, see this and this). These ...
NBER WORKING PAPER SERIES FINANCIAL REFORMS AND CAPITAL FLOWS: Alberto Martin
... the model developed in this paper suggests that financial reform is likely to reduce the demand for credit in China, leading to larger global imbalances and even lower interest rates around the world. A second striking development is that, among emerging economies, surpluses tend to be concentrated ...
... the model developed in this paper suggests that financial reform is likely to reduce the demand for credit in China, leading to larger global imbalances and even lower interest rates around the world. A second striking development is that, among emerging economies, surpluses tend to be concentrated ...
Discussion of “The relation between executive
... COMPENSATION MIX = Y (Incentives, Reporting costs, Performance, X) ...
... COMPENSATION MIX = Y (Incentives, Reporting costs, Performance, X) ...
Stock Return Serial Dependence and Out-of
... EDHEC pursues an active research policy in the field of finance. EDHEC-Risk Institute carries out numerous research programmes in the areas of asset allocation and risk management in both the traditional and alternative investment universes. Copyright © 2013 EDHEC ...
... EDHEC pursues an active research policy in the field of finance. EDHEC-Risk Institute carries out numerous research programmes in the areas of asset allocation and risk management in both the traditional and alternative investment universes. Copyright © 2013 EDHEC ...
2017/01 FINMA Circular "Corporate governance – banks"
... The internal control system (ICS) comprises the totality of the control structures and processes which at all levels of an institution form the basis for achieving its business objectives and ensuring orderly business operations. The ICS comprises retrospective controls and planning and management e ...
... The internal control system (ICS) comprises the totality of the control structures and processes which at all levels of an institution form the basis for achieving its business objectives and ensuring orderly business operations. The ICS comprises retrospective controls and planning and management e ...
Euro Area - CFA Society of the UK
... report for which they are responsible, that the views expressed therein accurately reflect their personal views about each issuer and security referenced and were prepared in an independent manner, including with respect to Citigroup Global Markets Inc and its affiliates. No part of the research ana ...
... report for which they are responsible, that the views expressed therein accurately reflect their personal views about each issuer and security referenced and were prepared in an independent manner, including with respect to Citigroup Global Markets Inc and its affiliates. No part of the research ana ...
Intangible Assets
... A gain on bargain purchase – negative goodwill - (paid less than fair value) is taken to revenue. Where an identifiable intangible asset exists but cannot be reliably measured, it is included as part of goodwill. In such a case, there is a requirement to describe each intangible asset acquired i ...
... A gain on bargain purchase – negative goodwill - (paid less than fair value) is taken to revenue. Where an identifiable intangible asset exists but cannot be reliably measured, it is included as part of goodwill. In such a case, there is a requirement to describe each intangible asset acquired i ...
Robust Median Reversion Strategy for On
... Empirical results [Li et al., 2013; 2012a] show that if asset price follows the normal distribution, the mean of historical prices may better explain the markets. OLMAR, which estimates next price via moving average, also achieves good results on most datasets. However, due to noises and outliers in ...
... Empirical results [Li et al., 2013; 2012a] show that if asset price follows the normal distribution, the mean of historical prices may better explain the markets. OLMAR, which estimates next price via moving average, also achieves good results on most datasets. However, due to noises and outliers in ...
US National Security and Foreign Direct Investment
... dominance was reflected in the fact that most FDI in the United States was of a “greenfield” nature). But since then, US firms have come to be at the cutting edge of such technologies. FDI thus has shifted away from greenfield investments and toward mergers and acquisitions, so that the modern conce ...
... dominance was reflected in the fact that most FDI in the United States was of a “greenfield” nature). But since then, US firms have come to be at the cutting edge of such technologies. FDI thus has shifted away from greenfield investments and toward mergers and acquisitions, so that the modern conce ...
SAS Risk Analysis Environment
... volatility of financial results so that the results conform to the investors’ expectations and goals. This control is achieved by identifying, analyzing, communicating, and responding to risk measures that can be derived from your portfolio of financial instruments. ...
... volatility of financial results so that the results conform to the investors’ expectations and goals. This control is achieved by identifying, analyzing, communicating, and responding to risk measures that can be derived from your portfolio of financial instruments. ...
V REGULATED INFORMATION BRUSSELS, 16 May 2011
... PATRICK VERELST, Head of Investor Relations SOLVAY S.A. ...
... PATRICK VERELST, Head of Investor Relations SOLVAY S.A. ...
(See report).
... Asset flows during 2010 were mainly directed out of cash into bond funds – within corporate and emerging market bonds, in particular. For 2011, the game has changed. The upside has become more limited for corporate and emerging market bonds, as coupons will not rise in the event of higher inflation ...
... Asset flows during 2010 were mainly directed out of cash into bond funds – within corporate and emerging market bonds, in particular. For 2011, the game has changed. The upside has become more limited for corporate and emerging market bonds, as coupons will not rise in the event of higher inflation ...
drivers of the global real estate financial markets
... How can the real estate industry cope with lower availability of capital (especially in debt), lower return on investments and more regulations for the market? Are risk sharing and safe but lower return instruments like Pfandbrief the answer? • Dimension 2: Finding the right balance in new sources ...
... How can the real estate industry cope with lower availability of capital (especially in debt), lower return on investments and more regulations for the market? Are risk sharing and safe but lower return instruments like Pfandbrief the answer? • Dimension 2: Finding the right balance in new sources ...
Fixed income
... Fixed income investments make up a large proportion of the investment universe and can form a significant part of a diversified portfolio but investors are often much less familiar with how fixed income works, than how shares work. The purpose of this article is to provide investors with a better un ...
... Fixed income investments make up a large proportion of the investment universe and can form a significant part of a diversified portfolio but investors are often much less familiar with how fixed income works, than how shares work. The purpose of this article is to provide investors with a better un ...
- PNC.com
... Treasury increased from 3.6% to 5.03% over a five-year period. During that time, apartment REITs produced an average annual total return of 23%, well in excess of its 14% historical average. That said, we do not think investor concerns about rising rates are completely unfounded. Over the past 20 ye ...
... Treasury increased from 3.6% to 5.03% over a five-year period. During that time, apartment REITs produced an average annual total return of 23%, well in excess of its 14% historical average. That said, we do not think investor concerns about rising rates are completely unfounded. Over the past 20 ye ...
federally-insured money market funds and narrow
... shareholders as providing the same safe cash management services provided by banks, albeit with generally higher yields and more limited transactional services. Over the last three decades, MMFs have steadily siphoned shortterm cash from banks to the point where MMFs, whose $4 trillion in assets now ...
... shareholders as providing the same safe cash management services provided by banks, albeit with generally higher yields and more limited transactional services. Over the last three decades, MMFs have steadily siphoned shortterm cash from banks to the point where MMFs, whose $4 trillion in assets now ...
Asian Market Drives Record Investment in Unlisted
... Asian Market Drives Record Investment in Unlisted Infrastructure Assets in 2016 Global infrastructure projects attract an all-time high of $413bn of investment in 2016, propelled by aggregate transaction value of $131bn in Asia Preqin’s end-of-year update on the unlisted infrastructure deal market f ...
... Asian Market Drives Record Investment in Unlisted Infrastructure Assets in 2016 Global infrastructure projects attract an all-time high of $413bn of investment in 2016, propelled by aggregate transaction value of $131bn in Asia Preqin’s end-of-year update on the unlisted infrastructure deal market f ...
Top Manager`s Efficacy Beliefs and Organizational - S
... firms in the same industry and the similar environments have different outcomes. They have different market share. Some companies generate huge economic rent, whereas others do not. Further, some companies like General Electric have achieved higher performance for a long time. These give us concrete ...
... firms in the same industry and the similar environments have different outcomes. They have different market share. Some companies generate huge economic rent, whereas others do not. Further, some companies like General Electric have achieved higher performance for a long time. These give us concrete ...
Financial Management in the International Business
... 73. Identify the incorrect statement about royalties and fees. A. Royalties may be levied as a fixed monetary amount per unit of the product the subsidiary sells or as a percentage of a subsidiary's gross revenues B. A fee is compensation for professional services or expertise the parent company or ...
... 73. Identify the incorrect statement about royalties and fees. A. Royalties may be levied as a fixed monetary amount per unit of the product the subsidiary sells or as a percentage of a subsidiary's gross revenues B. A fee is compensation for professional services or expertise the parent company or ...
Great Expectations
... Small Business Optimism index experienced a postelection spike in improvement to 98, just two points shy of this cycle’s all-time high of 100.3— largely on expectations for a relatively more pro-business political environment (Chart 7). Additionally, the National Association of Home Builders (NAHB) ...
... Small Business Optimism index experienced a postelection spike in improvement to 98, just two points shy of this cycle’s all-time high of 100.3— largely on expectations for a relatively more pro-business political environment (Chart 7). Additionally, the National Association of Home Builders (NAHB) ...