NBER WORKING PAPER SERIES MODELING INVENTORIES OVER THE BUSINESS CYCLE Aubhik Khan
... we find that the model is substantially less successful when confronted with preference, or demand, shocks. In that case, the (S,s) model shares the same basic failings as have historically plagued the production smoothing literature: countercyclical inventory investment, a negative correlation bet ...
... we find that the model is substantially less successful when confronted with preference, or demand, shocks. In that case, the (S,s) model shares the same basic failings as have historically plagued the production smoothing literature: countercyclical inventory investment, a negative correlation bet ...
2 Forms of Business Organisation
... In the previous lesson, you have learnt that business activities consist of industrial and commercial activities. The units which undertake these activities are known as business organisations. They are also called business undertakings, enterprises, concerns or firms. We must look into the formatio ...
... In the previous lesson, you have learnt that business activities consist of industrial and commercial activities. The units which undertake these activities are known as business organisations. They are also called business undertakings, enterprises, concerns or firms. We must look into the formatio ...
ABOUT COMPETITIVENESS IN THE CONTEXT OF SUSTAINABLE
... employees and provide superior returns to its owners (Buckley et al. 1988), herein after we measure a firm’s competitiveness by its financial performance. Traditionally, companies use standard financial indicators in order to examine their business effectiveness or competitiveness (Tangen, 2003). We ...
... employees and provide superior returns to its owners (Buckley et al. 1988), herein after we measure a firm’s competitiveness by its financial performance. Traditionally, companies use standard financial indicators in order to examine their business effectiveness or competitiveness (Tangen, 2003). We ...
Financial Crises, Risk Premia, and the Term Structure of Risky Assets
... contribute to the literature on intermediaries and asset pricing by connecting these models to the literature on disasters, showing they can quantitatively explain many asset pricing facts, and explicitly testing their key empirical predictions. For example, the model ties movements in risk premia t ...
... contribute to the literature on intermediaries and asset pricing by connecting these models to the literature on disasters, showing they can quantitatively explain many asset pricing facts, and explicitly testing their key empirical predictions. For example, the model ties movements in risk premia t ...
issue price: 101%
... recommendation by the Issuer to enter into any transaction with respect to the Securities. Each prospective investor contemplating a purchase of the Securities should make its own independent investigation of the risks associated with a transaction involving the Securities. An investment in the Secu ...
... recommendation by the Issuer to enter into any transaction with respect to the Securities. Each prospective investor contemplating a purchase of the Securities should make its own independent investigation of the risks associated with a transaction involving the Securities. An investment in the Secu ...
Best execution – FCA findings – action required
... actual work carried out by the FCA focused on sell-side firms active in cash equities, exchange traded derivatives or CFDs, all firms executing client orders or placing orders with, or transmitting orders to, other entities for execution need to embed the requirements into all their activities in as ...
... actual work carried out by the FCA focused on sell-side firms active in cash equities, exchange traded derivatives or CFDs, all firms executing client orders or placing orders with, or transmitting orders to, other entities for execution need to embed the requirements into all their activities in as ...
- Franklin Templeton Investments
... comprised of corporate and/or sovereign loans, which may include, among others, senior secured loans, senior unsecured loans, and subordinate corporate loans made to domestic and foreign borrowers, including loans that may be rated below investment grade or equivalent unrated loans. In all types of ...
... comprised of corporate and/or sovereign loans, which may include, among others, senior secured loans, senior unsecured loans, and subordinate corporate loans made to domestic and foreign borrowers, including loans that may be rated below investment grade or equivalent unrated loans. In all types of ...
BEHAVIOR OF MONTHLY TOTAL RETURNS OF U.S. GOVERNMENT BONDS: 1926-2007 Abraham Habib
... U.S. Treasury bond market appears to have been overlooked. That is what we aim to do. We use a much longer data period (1926 to 2007) and a different methodology to explore seasonality. We also explore seasonality for sub-periods carved out of structural changes in the economy. That will increase ou ...
... U.S. Treasury bond market appears to have been overlooked. That is what we aim to do. We use a much longer data period (1926 to 2007) and a different methodology to explore seasonality. We also explore seasonality for sub-periods carved out of structural changes in the economy. That will increase ou ...
Convertible Bonds Primer
... greater claim on the firm’s assets in the event of insolvency. The investor’s income flow is also generally higher and more stable since coupon payments are normally higher than the dividend yield and are a contractual obligation. As well, convertible bonds offer both protection in bear markets thr ...
... greater claim on the firm’s assets in the event of insolvency. The investor’s income flow is also generally higher and more stable since coupon payments are normally higher than the dividend yield and are a contractual obligation. As well, convertible bonds offer both protection in bear markets thr ...
Smart Saving for College—Better Buy Degrees: 529 Plans
... Named after the section of the federal tax code that governs them, 529 plans are tax-advantaged programs that help families save for college. Selecting a plan requires homework. Every state offers at least one 529 plan and a consortium of private colleges also offers a 529 plan. The tax advantages, ...
... Named after the section of the federal tax code that governs them, 529 plans are tax-advantaged programs that help families save for college. Selecting a plan requires homework. Every state offers at least one 529 plan and a consortium of private colleges also offers a 529 plan. The tax advantages, ...
Review of the Differentiated Nature and Scope of Financial Regulation
... great extent, echo general recommendations made by the G-20. Articulating these principles helps ensure that these recommendations are designed for the long term. ...
... great extent, echo general recommendations made by the G-20. Articulating these principles helps ensure that these recommendations are designed for the long term. ...
INVESTING IN THE GREAT LAKES REGION: AN INVESTMENT
... Two technical review meetings were held in preparation of the IOB documents. In addition to the valuable technical inputs received from colleagues from the institutions noted above, subject matter experts from the RECs such as CEPGL, COMESA, SADC, and the East African Business Council, and UNDP Coun ...
... Two technical review meetings were held in preparation of the IOB documents. In addition to the valuable technical inputs received from colleagues from the institutions noted above, subject matter experts from the RECs such as CEPGL, COMESA, SADC, and the East African Business Council, and UNDP Coun ...
Alternative Financing and Delivery of Waterways Infrastructure
... Alternative Finance mechanisms difficult. For example, priorities based on traditional benefit cost ratio (BCR) calculations often fail to reflect the full value that can be derived from P3/P4 financing, such as accelerated delivery of public benefits, shared risk, access to private industry in ...
... Alternative Finance mechanisms difficult. For example, priorities based on traditional benefit cost ratio (BCR) calculations often fail to reflect the full value that can be derived from P3/P4 financing, such as accelerated delivery of public benefits, shared risk, access to private industry in ...
Effect of Investor Sentiment on Market Response to Stock Splits
... directional component and systematic trading of retail investors explains comovements in stock returns, suggesting that investor sentiment based on the direction of these retail trades influence returns on stocks with high retail concentration. Frazzini and Lamont (2005) show that high sentiment pre ...
... directional component and systematic trading of retail investors explains comovements in stock returns, suggesting that investor sentiment based on the direction of these retail trades influence returns on stocks with high retail concentration. Frazzini and Lamont (2005) show that high sentiment pre ...
a survey of foreign exchange risk management
... Madura (1989) defines exchange rate risk as the possible direct loss (as a result of an unhedged exposure) or indirect loss in the firm’s cash flows, assets and liabilities, net profit and, in turn, its stock market value from an exchange rate move. According to Armitage et al (2002), foreign exchan ...
... Madura (1989) defines exchange rate risk as the possible direct loss (as a result of an unhedged exposure) or indirect loss in the firm’s cash flows, assets and liabilities, net profit and, in turn, its stock market value from an exchange rate move. According to Armitage et al (2002), foreign exchan ...
FTSE GDP Weighted Indexes
... London Stock Exchange Group companies includes FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other servi ...
... London Stock Exchange Group companies includes FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other servi ...
Mergers and Acquisition in Singapore`s Financial
... Singapore’s financial industry as the emerging financial hub in Asian region. Furthermore, we will examine the banking regulations in the Singapore’s market in relation with the M&A activity and provide a summary of the existing case of M&A in Singapore’s domestic banks. The specific goal of this pa ...
... Singapore’s financial industry as the emerging financial hub in Asian region. Furthermore, we will examine the banking regulations in the Singapore’s market in relation with the M&A activity and provide a summary of the existing case of M&A in Singapore’s domestic banks. The specific goal of this pa ...
reinet investments sca
... in December of that year, which allowed shareholders to contribute BAT shares to Reinet for shares, Reinet held 84.3 million shares in BAT. The investment in BAT is Reinet’s single largest investment position and is kept under constant review, considering the company’s performance, the industry outl ...
... in December of that year, which allowed shareholders to contribute BAT shares to Reinet for shares, Reinet held 84.3 million shares in BAT. The investment in BAT is Reinet’s single largest investment position and is kept under constant review, considering the company’s performance, the industry outl ...
Reading All the News at the Same Time: Predicting Mid
... will make use of the statistical tone measure “Tonality” of [10]. For this approach, all words in the document corpus have to be extracted first. Assuming that words with the same word stem convey the same or similar meaning, we employ the Porter Stemmer, as in [13], which reduces inflected words to ...
... will make use of the statistical tone measure “Tonality” of [10]. For this approach, all words in the document corpus have to be extracted first. Assuming that words with the same word stem convey the same or similar meaning, we employ the Porter Stemmer, as in [13], which reduces inflected words to ...
Greenko Restricted Group Financial Statements
... The combined financial statements have been prepared for the purpose of complying with financial reporting requirements under the indenture governing the Senior Notes. The combined financial statements presented herein reflect the Restricted Group’s results of operations, assets and liabilities and ...
... The combined financial statements have been prepared for the purpose of complying with financial reporting requirements under the indenture governing the Senior Notes. The combined financial statements presented herein reflect the Restricted Group’s results of operations, assets and liabilities and ...
Liquidity Crises - Business Review, Second Quarter 2008
... Russian bonds and lost money following this default. However, the resulting flight to quality had an even bigger effect on the value of LTCM’s portfolio. Investors who had become nervous as a result of these events pulled out of risky assets and rushed to assets considered safe. For example, the yie ...
... Russian bonds and lost money following this default. However, the resulting flight to quality had an even bigger effect on the value of LTCM’s portfolio. Investors who had become nervous as a result of these events pulled out of risky assets and rushed to assets considered safe. For example, the yie ...