Bad News Travels Slowly: Size, Analyst Coverage
... Unfortunately, even if firm size is in fact a useful measure of the rate of information diffusion, it is likely to capture other things as well, potentially confounding our inferences. For example, Merton ~1987! and Grossman and Miller ~1988! argue that market making or arbitrage capacity may be les ...
... Unfortunately, even if firm size is in fact a useful measure of the rate of information diffusion, it is likely to capture other things as well, potentially confounding our inferences. For example, Merton ~1987! and Grossman and Miller ~1988! argue that market making or arbitrage capacity may be les ...
Risk Management Terms - Society of Actuaries
... management of pure risks only, primarily through purchase of insurance. As derivative financial products became more prominently used in the 1990s, however, the concept of risk management increasingly became associated with financial, or speculative, risk management. These divergent tracks are relev ...
... management of pure risks only, primarily through purchase of insurance. As derivative financial products became more prominently used in the 1990s, however, the concept of risk management increasingly became associated with financial, or speculative, risk management. These divergent tracks are relev ...
The Impact of Enterprise Risk Management on the Marginal Cost of
... total risk of the firm and seeking both greater effectiveness and efficiency in risk management, some firms have adopted an enterprise-wide approach to risk management (ERM). Part of the rationale for adopting ERM and/or appointing a Chief Risk Officer (CRO) is to break down the departmental budgeta ...
... total risk of the firm and seeking both greater effectiveness and efficiency in risk management, some firms have adopted an enterprise-wide approach to risk management (ERM). Part of the rationale for adopting ERM and/or appointing a Chief Risk Officer (CRO) is to break down the departmental budgeta ...
Heading D
... range (200%) as applied by the National Association of Insurance Commissioners in the US. The methodology to calculate the ratio for the Netherlands has been adjusted to include the excess value above the technical provisions, calculated according to the local regulatory liability adequacy test, as ...
... range (200%) as applied by the National Association of Insurance Commissioners in the US. The methodology to calculate the ratio for the Netherlands has been adjusted to include the excess value above the technical provisions, calculated according to the local regulatory liability adequacy test, as ...
Investment Treaty Practice of China, Japan and Korea
... the Trans-Pacific Partnership, which includes comprehensive investment rules. Korea, which has signed 93 BITs to date, concluded an FTA with the United ...
... the Trans-Pacific Partnership, which includes comprehensive investment rules. Korea, which has signed 93 BITs to date, concluded an FTA with the United ...
Asset encumbrance, financial reform and the demand for collateral
... tune of $4 trillion. At the same time, the supply of collateral assets is known to have risen significantly since end-2007. Outstanding amounts of AAA- and AArated government securities alone – based on the market capitalisation of widely used benchmark indices – increased by $10.8 trillion between ...
... tune of $4 trillion. At the same time, the supply of collateral assets is known to have risen significantly since end-2007. Outstanding amounts of AAA- and AArated government securities alone – based on the market capitalisation of widely used benchmark indices – increased by $10.8 trillion between ...
Liquidity Policies and Systemic Risk
... due to lower distortions. Ratnovski [2009] points out that liquidity requirements can mitigate moral hazard due to public liquidity provision via lender of last resort facilities. Rochet [2008] provides an overview of liquidity regulation within the context of the banking literature. The main diffe ...
... due to lower distortions. Ratnovski [2009] points out that liquidity requirements can mitigate moral hazard due to public liquidity provision via lender of last resort facilities. Rochet [2008] provides an overview of liquidity regulation within the context of the banking literature. The main diffe ...
Global takaful contributions grew by 31% in 2009, to US$7b
... affected capital levels and asset values. • The Takaful models chosen have affected operating costs, leading many Takaful operators to choose the “most profitable model”. • balancing between business needs and shariah®ulatory requirements will continue to feature the Takaful industry for decades ...
... affected capital levels and asset values. • The Takaful models chosen have affected operating costs, leading many Takaful operators to choose the “most profitable model”. • balancing between business needs and shariah®ulatory requirements will continue to feature the Takaful industry for decades ...
Public and private financing of infrastructure
... The EIB Papers are published each year by the Economic and Financial Studies Division of the European Investment Bank. The journal is divided into two issues and is aimed at encouraging high-quality economic research and debate on matters of European interest. As such the Papers are intended to be a ...
... The EIB Papers are published each year by the Economic and Financial Studies Division of the European Investment Bank. The journal is divided into two issues and is aimed at encouraging high-quality economic research and debate on matters of European interest. As such the Papers are intended to be a ...
Foreign direct investment
... Today, the World Trade Organization is changing this by trying to establish a universal set of rules designed to promote the liberalization of FDI ...
... Today, the World Trade Organization is changing this by trying to establish a universal set of rules designed to promote the liberalization of FDI ...
The Macroeconomics of Shadow Banking Alan Moreira Alexi Savov July 2014
... consume a burst of wealth at high marginal utility, which necessitates a rapid sale of securities. As a result of this urgency, liquidity-event consumption must be financed by sales of liquid securities, namely those that can be traded quickly and in large quantities at low cost.2 We endogenize liqu ...
... consume a burst of wealth at high marginal utility, which necessitates a rapid sale of securities. As a result of this urgency, liquidity-event consumption must be financed by sales of liquid securities, namely those that can be traded quickly and in large quantities at low cost.2 We endogenize liqu ...
Homeownership 2.0 - Chicago Unbound
... many of the household's eggs in one basket not only runs counter to basic principles of portfolio diversification, but also motivates potentially costly basket-guarding behaviors.1 2 Moreover, households that lack the financial wherewithal or risk tolerance to take on such a large investment simply ...
... many of the household's eggs in one basket not only runs counter to basic principles of portfolio diversification, but also motivates potentially costly basket-guarding behaviors.1 2 Moreover, households that lack the financial wherewithal or risk tolerance to take on such a large investment simply ...
A Model of Liquidity Provision with Adverse Selection
... and markets with asymmetric information problems were most affected. I develop a model of liquidity provision that incorporates this features and demonstrates how a detrimental interaction between an asymmetric information friction in asset markets and a shortage of aggregate liquidity or a solvency ...
... and markets with asymmetric information problems were most affected. I develop a model of liquidity provision that incorporates this features and demonstrates how a detrimental interaction between an asymmetric information friction in asset markets and a shortage of aggregate liquidity or a solvency ...
DREYFUS INTERNATIONAL VALUE FUND
... or that derive a significant portion of their revenue or profits from businesses, investments or sales, outside the United States. The Fund typically invests in companies in at least ten foreign countries, and limits its investments in any single company to no more than 5% of its assets at the time ...
... or that derive a significant portion of their revenue or profits from businesses, investments or sales, outside the United States. The Fund typically invests in companies in at least ten foreign countries, and limits its investments in any single company to no more than 5% of its assets at the time ...
Information Needs of Users of New Zealand Capital Markets Entity
... Most (79%) respondents indicate that they use the information in corporate financial reports in their decisions relating to investments and/or corporate performance. Most of those who indicated that they are not using financial reports, explained that they relied on information provided by in-house ...
... Most (79%) respondents indicate that they use the information in corporate financial reports in their decisions relating to investments and/or corporate performance. Most of those who indicated that they are not using financial reports, explained that they relied on information provided by in-house ...
managing foreign exchange risk with derivatives
... * Department of Finance, Kenan-Flagler Business School, The University of North Carolina at Chapel Hill, CB 3490 – McColl Building, Chapel Hill, NC 27599-3490. Voice: (919) 962-9250, Fax: (919) 962-2068, Email: [email protected]. A more recent version of this document may be available from my web p ...
... * Department of Finance, Kenan-Flagler Business School, The University of North Carolina at Chapel Hill, CB 3490 – McColl Building, Chapel Hill, NC 27599-3490. Voice: (919) 962-9250, Fax: (919) 962-2068, Email: [email protected]. A more recent version of this document may be available from my web p ...
Annual Report and Accounts 2002-2003 – Subsidiary
... Rs. 1.64 billion in the previous year. The capital market transactions successfully completed by the Company during the year included IPOs of two public sector banks, rights issue of a large corporate house, and managing of the buyback scheme for shares of OCL India Limited and Tube Investments of I ...
... Rs. 1.64 billion in the previous year. The capital market transactions successfully completed by the Company during the year included IPOs of two public sector banks, rights issue of a large corporate house, and managing of the buyback scheme for shares of OCL India Limited and Tube Investments of I ...
The Response of Stock Market Volatility to Futures
... (variance risk premium) nor investigate the channels through which monetary policy affects volatility. In an influential contribution, Schwert (1989) studies the relationship between macroeconomic and stock market volatility but does not explicitly tackle the effect of monetary policy on stock marke ...
... (variance risk premium) nor investigate the channels through which monetary policy affects volatility. In an influential contribution, Schwert (1989) studies the relationship between macroeconomic and stock market volatility but does not explicitly tackle the effect of monetary policy on stock marke ...