performance of actively managed exchange traded funds in the usa
... In 1993 Blake, Elton and Gruber (Blake, Elton, & Gruber, 1993) present a research on the performance of bond mutual funds. Despite the growing volume of the market, back in that time the topic is not as excessively investigated as the performance of stock mutual funds. The authors use two different ...
... In 1993 Blake, Elton and Gruber (Blake, Elton, & Gruber, 1993) present a research on the performance of bond mutual funds. Despite the growing volume of the market, back in that time the topic is not as excessively investigated as the performance of stock mutual funds. The authors use two different ...
Intra-industry reactions of stock split announcements
... Lakonishok, Shleifer and Vishny (1994) find evidence consistent with Fama and French (1992). They further show that earnings growth for value stocks are significantly higher than glamour stocks and argue that high (low) book-to-market ratio stocks are underpriced (overpriced). If book-to-market is a ...
... Lakonishok, Shleifer and Vishny (1994) find evidence consistent with Fama and French (1992). They further show that earnings growth for value stocks are significantly higher than glamour stocks and argue that high (low) book-to-market ratio stocks are underpriced (overpriced). If book-to-market is a ...
Article Boy or girl: gender preferences from a Darwinian point of view
... and valuable contributions to discussions of issues such as preconception gender selection. In its broadest formulation, the Trivers–Willard hypothesis is that natural selection should favour parents who bias their investment in favour of the sex of offspring with the best reproductive prospects. In ...
... and valuable contributions to discussions of issues such as preconception gender selection. In its broadest formulation, the Trivers–Willard hypothesis is that natural selection should favour parents who bias their investment in favour of the sex of offspring with the best reproductive prospects. In ...
GAS DISTRIBUTION
... In drafting this AMP, we have sought to prioritise its usefulness to stakeholders. We have tried to simplify it the document compared to previous versions and have attempted to make it more accessible to general readers. We also recognise that the expenditure forecasts presented in this AMP need to ...
... In drafting this AMP, we have sought to prioritise its usefulness to stakeholders. We have tried to simplify it the document compared to previous versions and have attempted to make it more accessible to general readers. We also recognise that the expenditure forecasts presented in this AMP need to ...
Diversification Preferences in the Theory of
... This convex combination of lotteries can be interpreted as some additional randomization, since it corresponds to the sampling of either p or q depending on the outcome of a binary lottery with probability α or 1 − α. The concepts of diversification and risk aversion are closely intertwined. In axio ...
... This convex combination of lotteries can be interpreted as some additional randomization, since it corresponds to the sampling of either p or q depending on the outcome of a binary lottery with probability α or 1 − α. The concepts of diversification and risk aversion are closely intertwined. In axio ...
Farewell to cheap capital? The implications of long‑term shifts in
... and saving is the latest research by the McKinsey Global Institute (MGI) on the outlook for global capital markets in the wake of the 2008 financial crisis and subsequent recession. Among the lingering effects of the downturn are the very low real interest rates that prevail around the world at this ...
... and saving is the latest research by the McKinsey Global Institute (MGI) on the outlook for global capital markets in the wake of the 2008 financial crisis and subsequent recession. Among the lingering effects of the downturn are the very low real interest rates that prevail around the world at this ...
Sustainability, Cost-Effectiveness, Fairness and Value
... The structure of large defined benefit pension plans promotes efficient, low-cost investment management. These plans pool the investments of many individuals into a large pension fund that can be professionally managed at low cost. The fund can be invested for the long term, and it can focus on the ...
... The structure of large defined benefit pension plans promotes efficient, low-cost investment management. These plans pool the investments of many individuals into a large pension fund that can be professionally managed at low cost. The fund can be invested for the long term, and it can focus on the ...
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... of firms’ assets and on contract enforceability. The model implies different productivity cut-off levels for the selection into exporting. Highly productive firms can offer higher returns to creditors and are thus less credit constrained than less productive firms. In this sense, credit constraints ...
... of firms’ assets and on contract enforceability. The model implies different productivity cut-off levels for the selection into exporting. Highly productive firms can offer higher returns to creditors and are thus less credit constrained than less productive firms. In this sense, credit constraints ...
Is Bitcoin a Security?
... found to be, Bitcoin miners are either acquiring securities directly from the issuer, or those who purchase Bitcoins from them are acquiring securities directly from the issuer; transactions on the blockchain are publicly disclosed, even if the transacting parties are identified only anonymously; an ...
... found to be, Bitcoin miners are either acquiring securities directly from the issuer, or those who purchase Bitcoins from them are acquiring securities directly from the issuer; transactions on the blockchain are publicly disclosed, even if the transacting parties are identified only anonymously; an ...
Half Year Results ASX/Media Release
... broader residential portfolio that are appropriate for new retirement development and which will assist in meeting these targets. Geoff Grady said: “The experience and skillset required to meet these targets already exists within the broader Aveo Group and will involve a refinement of resources rath ...
... broader residential portfolio that are appropriate for new retirement development and which will assist in meeting these targets. Geoff Grady said: “The experience and skillset required to meet these targets already exists within the broader Aveo Group and will involve a refinement of resources rath ...
The Diamond Investment Promise
... It is true that on an individual basis, diamonds are not homogenous. The non-standardness of individual diamonds raises the question of how they are priced. perception of the industry may be a hurdle, although we already know it will stand or fall on its reputation. An issue raised by many is the i ...
... It is true that on an individual basis, diamonds are not homogenous. The non-standardness of individual diamonds raises the question of how they are priced. perception of the industry may be a hurdle, although we already know it will stand or fall on its reputation. An issue raised by many is the i ...
Financial Planning Research Journal - Volume 2. Issue 1 2016
... Guidelines for contributors to the FPRJ The FPRJ Editorial Board welcomes original, applied and topical articles on matters of interest to the financial advice community across Australia, New Zealand and Asia that will inform the practice and/or policy of the profession. Articles will be submitted t ...
... Guidelines for contributors to the FPRJ The FPRJ Editorial Board welcomes original, applied and topical articles on matters of interest to the financial advice community across Australia, New Zealand and Asia that will inform the practice and/or policy of the profession. Articles will be submitted t ...
Comparative Investigation of Income Smoothing and Earning Quality on... Valuation of Listed Companies in Tehran Stock Exchange
... discretion instead of accounting choices, they have smoothed income growth rate [6]. To choose among different methods, the management has a considerable power to take into account financial events based on generally accepted accounting principles. Besides, the management can schedule financial acti ...
... discretion instead of accounting choices, they have smoothed income growth rate [6]. To choose among different methods, the management has a considerable power to take into account financial events based on generally accepted accounting principles. Besides, the management can schedule financial acti ...
Citigroup ERISA Litigation
... An eligible individual account plan is a defined contribution plan that is “(i) a profit-sharing, stock bonus, thrift, or savings plan; (ii) an employee stock ownership plan; or (iii) a money purchase plan which . . . [is] invested primarily in qualifying employer securities.” 29 U.S.C. § 1107(d)(3) ...
... An eligible individual account plan is a defined contribution plan that is “(i) a profit-sharing, stock bonus, thrift, or savings plan; (ii) an employee stock ownership plan; or (iii) a money purchase plan which . . . [is] invested primarily in qualifying employer securities.” 29 U.S.C. § 1107(d)(3) ...
Download paper (PDF)
... large, the dynamics of a regime switching model approximates the behavior of time-varying parameter models where the continuous state space of the parameter is appropriately discretized. Finally, another attractive feature of regime switching models is that they are able to capture nonlinear styliz ...
... large, the dynamics of a regime switching model approximates the behavior of time-varying parameter models where the continuous state space of the parameter is appropriately discretized. Finally, another attractive feature of regime switching models is that they are able to capture nonlinear styliz ...
simpler, smoother, smarter business
... from the change in value creation models and processes. Consequently, the clientele is partly changing from IT management to business management. At the same time, the IT environment is becoming increasingly complex. The customers want to utilise different solutions, both those they have procured an ...
... from the change in value creation models and processes. Consequently, the clientele is partly changing from IT management to business management. At the same time, the IT environment is becoming increasingly complex. The customers want to utilise different solutions, both those they have procured an ...
introduction - Productivity Commission
... circumstances in which Parliament would take such action are extreme so that is not an effective process for checking the quality or quantity of regulation. The Senate’s Regulations and Ordinances Committee performs some checks but these relate to form not to policy substance or the compliance burde ...
... circumstances in which Parliament would take such action are extreme so that is not an effective process for checking the quality or quantity of regulation. The Senate’s Regulations and Ordinances Committee performs some checks but these relate to form not to policy substance or the compliance burde ...
Shareholder Structure and Dividend Rate in Japanese Firms:
... increase is interpreted as expression of good confidence by managers and stock value increases while dividend cut is interpreted as expression of crisis and stock value increases. Hanaeda and Serita[2008] investigated former effect 5 . They state the question whether or not dividend increase and bu ...
... increase is interpreted as expression of good confidence by managers and stock value increases while dividend cut is interpreted as expression of crisis and stock value increases. Hanaeda and Serita[2008] investigated former effect 5 . They state the question whether or not dividend increase and bu ...
Outside Liquidity, Rollover Risk, and Government Bonds
... inherently fragile. In turn, under the assumption that the government never defaults, public claims are free from such risk. Satisfying liquidity needs by selling government securities in exchange for outside liquidity (referred to as public outside liquidity) may thus enhance efficiency and stabil ...
... inherently fragile. In turn, under the assumption that the government never defaults, public claims are free from such risk. Satisfying liquidity needs by selling government securities in exchange for outside liquidity (referred to as public outside liquidity) may thus enhance efficiency and stabil ...
Variety... the essence of life
... The instrument appointing a proxy shall be in writing under the hand of the appointor or his attorney duly authorised in writing or, if the appointor is a corporation, either under Seal or under the hand of an attorney. Where a member appoints more than one (1) proxy, the appointment shall be invali ...
... The instrument appointing a proxy shall be in writing under the hand of the appointor or his attorney duly authorised in writing or, if the appointor is a corporation, either under Seal or under the hand of an attorney. Where a member appoints more than one (1) proxy, the appointment shall be invali ...