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Competency Framework for Non-Profit Organizations: an
Competency Framework for Non-Profit Organizations: an

... Every organization is as good as the people who work for that organization (Drucker 1993). An NPO thrives on motivation that is predominantly intrinsic and to some extent extrinsic. But a below average compensation may deteriorate personal motivation and values (Kaplan 2001) owing to an individual’s ...
Price-Level Accounting, Full Disclosure, and Rule 10b-5
Price-Level Accounting, Full Disclosure, and Rule 10b-5

... however, has a dramatic new aspect-price-level adjustments in supplemental statements would be mandatory for all businesses that desire to have their financial statements certified as in accordance with generally accepted accounting principles. 19 The FASB proposal's response to inflation is not the ...
Evaluating Interest Rate Covariance Models Within a Value-at
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Modeling Inventories Over The Business Cycle

... Our first basic inventory model is the generalized (S,s) model of Khan and Thomas (2003). Inventories exist in the (S,s) model because firms face fixed costs of orders. To economize on these costs, firms choose to order infrequently and carry stocks of the good in question. Here we review this mode ...
The Composite Index of Propensity to Risk – CIPR
The Composite Index of Propensity to Risk – CIPR

MANAGING YOUR MARGIN LOAN - CommSec
MANAGING YOUR MARGIN LOAN - CommSec

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Page 1 of 1 REPL::Annual Reports and Related Documents:: 7/5

... expenses of the purchase or acquisition (the “Maximum Price”). For the above purposes: “Average Closing Price” means the average of the last dealt prices of a Share for the five consecutive market days on which the Shares are transacted on the SGX-ST immediately preceding the date of the Market Purc ...
International Financial Reporting Standard 13 Fair Value
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Download attachment

Forecasting the equity premium in the Australian market
Forecasting the equity premium in the Australian market

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... measure of shareholder wealth) should be maximized, and how shareholder wealth should be allocated among shareholders. The second is the ability of at least some shareholders to influence corporations to make decisions based on the shareholders’ particular preferences. Taken together, these two cond ...
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Multinational Firms, FDI Flows and Imperfect Capital Markets

... con…rmed to be a function of the quality of investor protections and the depth of capital markets. The model also suggests that these e¤ects should be most pronounced for technologically advanced …rms because these …rms are most likely to be able to provide valuable monitoring services. The empiric ...
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Relevance or irrelevance of retention for dividend policy irrelevance
Relevance or irrelevance of retention for dividend policy irrelevance

... If h1 < 0 , i.e. retention is chosen, then dividend policy is irrelevant if the amount − h1 is invested in a zero-NPV project. In such a case, the reduction in the first dividend is compensated by the distribution of an extra dividend h2 > 0 at the final date, such that the previous reduction is neu ...
Managing the Man Overboard Moment
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TRADING VOLUME TREND AS THE INVESTOR`S SENTIMENT
TRADING VOLUME TREND AS THE INVESTOR`S SENTIMENT

... Miller (1977) argues that stock prices reflect only the most optimistic opinions among investors when short-sales constraints are present. When investors become more optimistic, i.e., when investor sentiment becomes high, stock prices rise. It This means that there should be a positive relation betw ...
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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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