Standard Bank Group
... include the exposures from our global markets outside Africa operations, which for financial reporting purposes have been separately classified as non-current assets and liabilities held for sale in the comparative period. The group’s controlling interest in Standard Bank Plc, which included the gro ...
... include the exposures from our global markets outside Africa operations, which for financial reporting purposes have been separately classified as non-current assets and liabilities held for sale in the comparative period. The group’s controlling interest in Standard Bank Plc, which included the gro ...
The Declining Equity Premium: What Role Does Macroeconomic
... were not a¤ected by this fundamental change in the structure of macroeconomic volatility. Consistent with this, we …nd that volatility in consumption is highly correlated with ‡uctuations in the aggregate dividend-price ratio over longer horizons. This phenomenon is not merely a feature of postwar U ...
... were not a¤ected by this fundamental change in the structure of macroeconomic volatility. Consistent with this, we …nd that volatility in consumption is highly correlated with ‡uctuations in the aggregate dividend-price ratio over longer horizons. This phenomenon is not merely a feature of postwar U ...
Macroeconomic Effects of Secondary Market
... debt is the optimal security in settings that includes flexible moral hazard, i.e. an effort choice that affects average returns and volatility. In the Diamond (1984) model of delegated monitoring, the efficiency of financial intermediation improves when intermediaries can offload aggregate risk exp ...
... debt is the optimal security in settings that includes flexible moral hazard, i.e. an effort choice that affects average returns and volatility. In the Diamond (1984) model of delegated monitoring, the efficiency of financial intermediation improves when intermediaries can offload aggregate risk exp ...
Firm-specific attributes and the cross-section of
... second drug therefore contributes little to the overall value of the firm and news about potential future demand for the second drug has little effect on the firm’s value. If the second drug makes it to advanced stages of development, the value of the overall firm increases because cash flows from marke ...
... second drug therefore contributes little to the overall value of the firm and news about potential future demand for the second drug has little effect on the firm’s value. If the second drug makes it to advanced stages of development, the value of the overall firm increases because cash flows from marke ...
ion beam applications
... arrangement with the S.R.I.W. A ‘’reverse convertible bond’’ was put in place allowing the Group to ask the conversion of this bond into ordinary shares at any time before December 31, 2015. ...
... arrangement with the S.R.I.W. A ‘’reverse convertible bond’’ was put in place allowing the Group to ask the conversion of this bond into ordinary shares at any time before December 31, 2015. ...
A Supply Chain Paradox - System Dynamics Society
... system is not the sum of its parts – it is the product of their interactions (Ackoff, 1993). [That means] when a system is taken apart it loses its essential properties and so do the parts. When an engine is separated from a car it loses its function and so does the car (ie. motion). A system subsum ...
... system is not the sum of its parts – it is the product of their interactions (Ackoff, 1993). [That means] when a system is taken apart it loses its essential properties and so do the parts. When an engine is separated from a car it loses its function and so does the car (ie. motion). A system subsum ...
Risky Value
... business cycle frequencies. This suggests that time-variation in expected returns is also an important part of aggregate stock market variability. They propose that such variation is better revealed by a less persistent empirical proxy for the log consumption-wealth ratio, denoted , which describes ...
... business cycle frequencies. This suggests that time-variation in expected returns is also an important part of aggregate stock market variability. They propose that such variation is better revealed by a less persistent empirical proxy for the log consumption-wealth ratio, denoted , which describes ...
Islamic Micro-Insurance * Micro-Takaful: Basic Exposition
... and economic sectors of an economy by minimizing risk of all economic activities, on the one hand and producing long-term financial resources, on the other hand. An efficient and productive insurance sector also indirectly contributes to economic growth of a country by converting savings into invest ...
... and economic sectors of an economy by minimizing risk of all economic activities, on the one hand and producing long-term financial resources, on the other hand. An efficient and productive insurance sector also indirectly contributes to economic growth of a country by converting savings into invest ...
RTF - North Carolina General Assembly
... § 147-9.3. Annuity contracts; salary deductions. Notwithstanding the provisions of G.S. 143B-426.40A and notwithstanding any provision of law relating to salaries or salary schedules of State employees, if the employee be one described in section 403(b)(1)(A)(i) or (ii) of the United States Interna ...
... § 147-9.3. Annuity contracts; salary deductions. Notwithstanding the provisions of G.S. 143B-426.40A and notwithstanding any provision of law relating to salaries or salary schedules of State employees, if the employee be one described in section 403(b)(1)(A)(i) or (ii) of the United States Interna ...
Adding New Dimensions
... crafted and executed strategies, disciplined cost regime and a sustained fostering of performance driven work culture. Not surprising, our telecom products revenue has grown 15 times while the turnkey contract revenue grew by 9 times in the last four years. Our thrust on turnkey contracts and servic ...
... crafted and executed strategies, disciplined cost regime and a sustained fostering of performance driven work culture. Not surprising, our telecom products revenue has grown 15 times while the turnkey contract revenue grew by 9 times in the last four years. Our thrust on turnkey contracts and servic ...
Hedge Funds and Systemic Risk
... and institutions but not to the general public. In part because of this restriction, hedge funds have, until recently, been subject to reduced reporting and oversight regulations. They have also been reluctant to provide even general information on their operations and strategies to the public, fear ...
... and institutions but not to the general public. In part because of this restriction, hedge funds have, until recently, been subject to reduced reporting and oversight regulations. They have also been reluctant to provide even general information on their operations and strategies to the public, fear ...
Annual Report 2016 2.9 MB
... assemble finished products and sell them in their respective regions. Wells Vehicle Electronics, L.P. conducts integrated operation that manufactures and sells automotive components. Some of the semi-products and components manufactured at overseas factories are utilized as assembly parts by the Com ...
... assemble finished products and sell them in their respective regions. Wells Vehicle Electronics, L.P. conducts integrated operation that manufactures and sells automotive components. Some of the semi-products and components manufactured at overseas factories are utilized as assembly parts by the Com ...
The Industry Life Cycle and Acquisitions and Investment: Does Firm
... of operations adjust to economize on the abilities of managers. In this view both conglomerates’ and single firms’ alter their investment in response to short-run shocks or long term life cycle changes. As these changes occur comparative advantage shifts, firms exit and enter industries and investme ...
... of operations adjust to economize on the abilities of managers. In this view both conglomerates’ and single firms’ alter their investment in response to short-run shocks or long term life cycle changes. As these changes occur comparative advantage shifts, firms exit and enter industries and investme ...
Got rejected? Real effects of not getting a loan
... and just above the cut-off are very similar in terms of credit quality, yet one group of firms has access to credit while the other group of firms does not. Second, the sample consists of firms that have all applied for a loan, i.e., the set-up allows to clearly distinguish between credit supply an ...
... and just above the cut-off are very similar in terms of credit quality, yet one group of firms has access to credit while the other group of firms does not. Second, the sample consists of firms that have all applied for a loan, i.e., the set-up allows to clearly distinguish between credit supply an ...
SGX Annual Report 2016
... for FY2016, up 5% from a year earlier, while expenses increased 9% to $409.0 million. We turned in a net profit of $349.0 million, unchanged from last year. Revenue growth was primarily driven by our Derivatives business. Derivatives revenue increased $29.5 million to $325.3 million, accounting for ...
... for FY2016, up 5% from a year earlier, while expenses increased 9% to $409.0 million. We turned in a net profit of $349.0 million, unchanged from last year. Revenue growth was primarily driven by our Derivatives business. Derivatives revenue increased $29.5 million to $325.3 million, accounting for ...
Credit Suisse AGM analysis and voting recommendations
... year under review, the company CEO, Mr. Thiam, received a total remuneration of CHF 11'890'000, of which 69% is variable. His total variable remuneration at grant represents 2.74 times his base salary. This amount includes the target value of the shares awarded under the LTIP which are valued by the ...
... year under review, the company CEO, Mr. Thiam, received a total remuneration of CHF 11'890'000, of which 69% is variable. His total variable remuneration at grant represents 2.74 times his base salary. This amount includes the target value of the shares awarded under the LTIP which are valued by the ...
presentation
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
Evidence of the Abnormal Accrual Anomaly Incremental to
... book-to-market, sales growth, and operating cash flows-to-price (OCF / P), is purely related to risk. We find that OCF / P does not relate to future announcement returns, leading us to conclude that OCF / P is not an earningsbased anomaly. However, we do not intend to claim that the OCF / P anomaly ...
... book-to-market, sales growth, and operating cash flows-to-price (OCF / P), is purely related to risk. We find that OCF / P does not relate to future announcement returns, leading us to conclude that OCF / P is not an earningsbased anomaly. However, we do not intend to claim that the OCF / P anomaly ...
2016 年 11 月 1 日～2017 年 4 月 30 日
... This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency ...
... This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency ...
Market Reaction to the Adoption of IFRS in Europe Working Paper
... firm and investors and information risk and, thus, cost of capital. Investors also might have believed that application of a common set of standards would have convergence benefits, such as lowering the costs of comparing firms’ financial position and performance across countries, and that IFRS ado ...
... firm and investors and information risk and, thus, cost of capital. Investors also might have believed that application of a common set of standards would have convergence benefits, such as lowering the costs of comparing firms’ financial position and performance across countries, and that IFRS ado ...
