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Managers` Views on Dividend Policy of Nepalese Enterprises
Managers` Views on Dividend Policy of Nepalese Enterprises

... factors that drive dividend and repurchase policy. The survey unveiled that, except under extraordinary circumstances, managers have a strong desire not to cut dividends. As a result, for enterprises that pay dividends tend to be smoothed from year to year and linked to sustainable long-run changes ...
Cumulative Prospect Theory, Option Prices, and the Variance
Cumulative Prospect Theory, Option Prices, and the Variance

... the model then fails to explain puts well. Distorting only the probability of losses yields the opposite result. As we explain in greater detail below, the ability to distort also the right tail of the distribution distinguishes our CPT model from well-known alternative approaches to explain the var ...
Kenon Holdings Ltd.
Kenon Holdings Ltd.

... Beneficial Shareholders (TASE) : If you hold Kenon Shares other than in registered form as a “shareholder of record” and your Kenon Shares are traded on the TASE, you are regarded as a beneficial holder of Kenon Shares and you may only vote your shares in one of the following ways: (a) sign and dat ...
The Information Content of Options Trading
The Information Content of Options Trading

... Several of the prior studies (for example, Richards, 2005) have found that abnormal positive returns in the TWSE are associated with foreign inflows, whilst Barber et al. (2006) went on to use TWSE transaction data to demonstrate that individual investors were the main losers, and foreign instituti ...
chapter 1 - MM 27 Unsoed
chapter 1 - MM 27 Unsoed

... firm’s expected cash flow, because this will add the most wealth to each of the individual shareholders (owners) of the firm. b. One way to state the decision framework most useful for carrying out the firm’s objective is as follows: “The financial manager should seek that combination of assets, lia ...
Evaluation study for Berlin
Evaluation study for Berlin

... development fund containing ERDF resources and related cofinancing awards loans, guarantees and equity to such projects. Because the funding extended by the fund must be repaid, it can be used several times and therefore exercise greater leverage on private capital invested in urban development proj ...
Issues In-Depth FASB`s Proposed Chagnes to Not-for
Issues In-Depth FASB`s Proposed Chagnes to Not-for

... endowments using a total-return approach, which may result in fluctuations in the fund’s value. UPMIFA allows institutions to determine spending based on the total assets of the fund. However, while UPMIFA de-emphasized the distinction of principal versus income, institutions still must track princi ...
Proceedings of 7th Annual American Business Research Conference
Proceedings of 7th Annual American Business Research Conference

... expense of outside investors in the Japanese market. There have been a few empirical studies on delisting in the U.S. market, which document that the delisting decision has a significant negative effect on the stock price. However, depending on the sample and measurement methodology, conflicting res ...
Group annual financial statements
Group annual financial statements

... the weighted number of shares in issue during the period. Capital adequacy ratio (%) The capital adequacy of banks and banking groups is measured in terms of the requirements of the Banks Act (Act 94 of 1990, as amended) and regulations thereto. The ratio is calculated by dividing the sum of Tier 1 ...
06a - Harmnozation approaches - ECG draft oct 21
06a - Harmnozation approaches - ECG draft oct 21

... whether it might be possible to attain greater consistency among them. In addition, comparisons are inevitably drawn between the aggregate evaluation results of public sector and private sector operations when they are reported together in periodic Central Evaluation Department (CED) synthesis repor ...
The Kay Review of UK Equity Markets and Long–Term Decision
The Kay Review of UK Equity Markets and Long–Term Decision

... In 2010, only 11.5 per cent of UK shares were owned directly by individuals. In the early 1960s this figure was as high as 54 per cent. The major investment decisions which affect British companies are now taken by asset fund managers around the world who work for firms which control billions, often ...
Meaning of Holding Company
Meaning of Holding Company

... accounting entity which subsist on the view that the holding & subsidiary companies are to be treated as one economic unit. The Financial position & Operating results reported through the consolidated statements are portrayed from the interest of the members of the holding company. Wholly owned subs ...
Reflection Group on the future of EU company law
Reflection Group on the future of EU company law

NBER WORKING PAPER SERIES INTERNATIONAL CONSUMPTION RISK IS SHARED AFTER ALL:
NBER WORKING PAPER SERIES INTERNATIONAL CONSUMPTION RISK IS SHARED AFTER ALL:

... How much welfare improvement can be generated by optimal international consumption risksharing? The obvious importance of this question has motivated a significant body of research.1 As this literature shows, international risk-sharing gains depend directly upon the value of consumption risk and the ...
Form 10-K - Kimco Investor Relations
Form 10-K - Kimco Investor Relations

... investments and (b) exiting Mexico, South America and Canada, for which the exit of South America has been completed and Mexico has been substantially completed, (iii) pursuing redevelopment opportunities within its portfolio to increase overall value and (iv) selectively acquiring land parcels for ...
Belief Heterogeneity, Collateral Constraint, and Asset Prices with a
Belief Heterogeneity, Collateral Constraint, and Asset Prices with a

... Selling a …nancial asset is equivalent to borrowing and in this case, agents need to put up some real assets as collateral. Loans are non-recourse and there is no penalty for defaulting. Consequently, whenever the face value of the security is higher than the value of its collateral, the seller of t ...
2016 Annual Financial Report
2016 Annual Financial Report

The Essays of Warren Buffett: Lessons for
The Essays of Warren Buffett: Lessons for

... constituency to Berkshire, which flocks to its annual meetings in increasing numbers every year. Unlike what happens at most annual shareholder meetings, a sustained and productive dialogue on business issues results. Besides the owner-orientation reflected in Buffett's disclosure practice and the o ...
The Economics of Infrastructure in a Globalized World: Issues
The Economics of Infrastructure in a Globalized World: Issues

... the early 1990s. Hummels (2001) argues that for the period 1950-1998 faster transport — air shipping and faster ocean vessels — was equivalent to reducing tariffs on manufactured goods from 32 percent to 9 percent. The use of containers in ocean transport has led to massive efficiency gains in long- ...
Value Accounts Investment Funds 2016
Value Accounts Investment Funds 2016

... This publication presents illustrative general purpose annual financial statements (GPFS) for a fictitious managed investment scheme, VALUE ACCOUNTS Unit Trust, and a fictitious pooled superannuation trust, VALUE ACCOUNTS Pooled Superannuation Trust. The financial statements comply with the Corporat ...
Summary Prospectus for the Public Offering of Shares of Nova
Summary Prospectus for the Public Offering of Shares of Nova

NBER WORKING PAPER SERIES BELIEFS ARE HETEROGENEOUS
NBER WORKING PAPER SERIES BELIEFS ARE HETEROGENEOUS

... heterogeneity in the original economy tend to shrink the volatility in asset returns. This is simply because the volatility of asset prices increases with output volatility in the first order. The powerful implication of this result is that should endowments change, our bounds on asset return volati ...
Form SC 13D/A SJW GROUP - SJW Filed: March 22, 2000 (period
Form SC 13D/A SJW GROUP - SJW Filed: March 22, 2000 (period

... Form SC 13D/A SJW GROUP - SJW Filed: March 22, 2000 (period: ) Amendment to a SC 13D filing ...
Greater Chicago Sales Operations Forum—Concept
Greater Chicago Sales Operations Forum—Concept

...  As the decision making authority for many B2B purchases rises to the executive suite, companies are all feeling greater pressure to better differentiate their offering from their competition  Selling just a product or service’s “features and benefits” is inadequate in many selling situations as e ...
Management Decision Making Test - HS-FBLA
Management Decision Making Test - HS-FBLA

... d. meeting Making decisions based on factual information and logical reasoning is ____. a. intuitive decision making c. rational decision making b. team decision making d. management decision making Choosing a process for producing the company's goods or services is the job of the ____. a. operation ...
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Investment management

Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds).The term asset management is often used to refer to the investment management of collective investments, while the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management often within the context of so-called ""private banking"".The provision of investment management services includes elements of financial statement analysis, asset selection, stock selection, plan implementation and ongoing monitoring of investments. Coming under the remit of financial services many of the world's largest companies are at least in part investment managers and employ millions of staff.Fund manager (or investment advisor in the United States) refers to both a firm that provides investment management services and an individual who directs fund management decisions.According to a Boston Consulting Group study, the assets managed professionally for fees reached an all-time high of US$62.4 trillion in 2012, after remaining flat-lined since 2007. Furthermore, these industry assets under management were expected to reach US$70.2 trillion at the end of 2013 as per a Cerulli Associates estimate.The global investment management industry is highly concentrated in nature, in a universe of about 70,000 funds roughly 99.7% of the US fund flows in 2012 went into just 185 funds. Additionally, a majority of fund managers report that more than 50% of their inflows go to just three funds.
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