NBER WORKING PAPER SERIES BUBBLES AND CAPITAL FLOWS Jaume Ventura
... bubbles.1 Its central insight is that bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles absorb local savings, eliminating inefficient investments and liberating resources that are in part used to invest in high productivity coun ...
... bubbles.1 Its central insight is that bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles absorb local savings, eliminating inefficient investments and liberating resources that are in part used to invest in high productivity coun ...
Price Discount of Private Equity Placement and Interests
... of listed firms, to reduce related-party transactions and similar competition with business groups, to enhance the larger shareholders and strengthen firms operation supervision, accordingly these factors prompt and improve long-term performance and stock market reaction of listed firms. The existin ...
... of listed firms, to reduce related-party transactions and similar competition with business groups, to enhance the larger shareholders and strengthen firms operation supervision, accordingly these factors prompt and improve long-term performance and stock market reaction of listed firms. The existin ...
simple lease example
... if it is a capital Lease Now, suppose you believed the equipment was your asset – in reporting terminology you would be saying the lease were a “capital (or finance) lease.” ...
... if it is a capital Lease Now, suppose you believed the equipment was your asset – in reporting terminology you would be saying the lease were a “capital (or finance) lease.” ...
P a g e 1
... consequences have begun to be felt. This is not all bad, since the solution can be tailored to the actual problems that have occurred, rather than to a range of hypothetical possibilities. One consequence, however, is that the resulting law, whether domestic or international, may be sharply influenc ...
... consequences have begun to be felt. This is not all bad, since the solution can be tailored to the actual problems that have occurred, rather than to a range of hypothetical possibilities. One consequence, however, is that the resulting law, whether domestic or international, may be sharply influenc ...
2. The Bonds and Bills Market - The University of Texas at Dallas
... venue for financial institutions. Using total market capitalization standardized by GDP as a measure of importance, according to World Bank Database on Financial Development and Structure, Turkey ranked 9th out of 30 major world bond markets, with its bond market being 2.3 times as large as its equi ...
... venue for financial institutions. Using total market capitalization standardized by GDP as a measure of importance, according to World Bank Database on Financial Development and Structure, Turkey ranked 9th out of 30 major world bond markets, with its bond market being 2.3 times as large as its equi ...
Xero Limited 2016 Annual Report
... and mobility revolution enjoyed by consumers and large enterprises. By focusing on small businesses around the world, Xero has the potential to grow its customer base and market share for many years to come. Being an accounting platform means that although we can replicate our core product globally, ...
... and mobility revolution enjoyed by consumers and large enterprises. By focusing on small businesses around the world, Xero has the potential to grow its customer base and market share for many years to come. Being an accounting platform means that although we can replicate our core product globally, ...
Funding Liquidity, Market Liquidity and the Cross-Section
... typically become insignificant). This is not due to the correlation between shocks in the time series—these correlations are very low—but to the correlation between the risk exposures. The β estimates are correlated even if the shocks are uncorrelated. This apparent contradiction is due to the asymm ...
... typically become insignificant). This is not due to the correlation between shocks in the time series—these correlations are very low—but to the correlation between the risk exposures. The β estimates are correlated even if the shocks are uncorrelated. This apparent contradiction is due to the asymm ...
Determinants of abnormal returns in mergers
... economic theories are inadequate in explaining certain outcomes. For example, as opposed by the classical theories, investors and managers are only rarely fully rational in decision making. This bounded rationality has an effect on economic decisions and their outcomes. This paper researches the abn ...
... economic theories are inadequate in explaining certain outcomes. For example, as opposed by the classical theories, investors and managers are only rarely fully rational in decision making. This bounded rationality has an effect on economic decisions and their outcomes. This paper researches the abn ...
words
... Newtek Capital, Inc. resulted from the combination of the businesses previously owned by BJB Holdings, Inc. and REXX Environmental Corporation. This combination was closed on September 19, 2000 and followed the approval of the transaction by the stockholders of both companies. Prior to the combinati ...
... Newtek Capital, Inc. resulted from the combination of the businesses previously owned by BJB Holdings, Inc. and REXX Environmental Corporation. This combination was closed on September 19, 2000 and followed the approval of the transaction by the stockholders of both companies. Prior to the combinati ...
Chapter 11 Dividend Policy
... 2.3.1 Although the market would like to value shares on the basis of underlying cash flows on the company’s projects, such information is not readily available to investors. But the directors do have this information. The dividend declared can be interpreted as a signal from directors to shareholder ...
... 2.3.1 Although the market would like to value shares on the basis of underlying cash flows on the company’s projects, such information is not readily available to investors. But the directors do have this information. The dividend declared can be interpreted as a signal from directors to shareholder ...
Barry P. Bosworth* Ralph C. Bryant Gary Burtless
... individuals will smooth consumption over their lifetime given expected lifetime resources. The theory leads to the prediction that individuals will exhibit a saving rate that rises with income during their work life, and declines and turns negative during retirement. Thus, the aggregate saving rate ...
... individuals will smooth consumption over their lifetime given expected lifetime resources. The theory leads to the prediction that individuals will exhibit a saving rate that rises with income during their work life, and declines and turns negative during retirement. Thus, the aggregate saving rate ...
Reevaluating evidence on myopic loss aversion
... The equity premium puzzle stems from the observation that individuals who hold low-return government bonds when high-return equity stocks are available should exhibit an implausibly high risk aversion (Mehra and Prescott 1985). Benartzi and Thaler (1995) propose myopic loss aversion (MLA) as an expl ...
... The equity premium puzzle stems from the observation that individuals who hold low-return government bonds when high-return equity stocks are available should exhibit an implausibly high risk aversion (Mehra and Prescott 1985). Benartzi and Thaler (1995) propose myopic loss aversion (MLA) as an expl ...
BIS Working Papers No 118 Should banks be diversified? Evidence
... a somewhat limited choice in expanding its product range and the transaction costs of adjusting its portfolio of real–sector activities may be high. In addition, FIs face several (often conflicting) regulations that create incentives either to diversify or focus their asset portfolios, such as the i ...
... a somewhat limited choice in expanding its product range and the transaction costs of adjusting its portfolio of real–sector activities may be high. In addition, FIs face several (often conflicting) regulations that create incentives either to diversify or focus their asset portfolios, such as the i ...
Report on Internal Control 2013 - Autorité de contrôle prudentiel et
... sector companies, payment services and investment services subject to ACPR supervision, the supervised institutions can, for the last time (financial year 2014), produce their reports on internal control according to the Regulation 97-02 of 21 February 1997 as amended (repealed by the above-mentione ...
... sector companies, payment services and investment services subject to ACPR supervision, the supervised institutions can, for the last time (financial year 2014), produce their reports on internal control according to the Regulation 97-02 of 21 February 1997 as amended (repealed by the above-mentione ...
Corporate Governance - International Anti
... 9th International Anti-Corruption Conference, 10-15 October 1999, Durban, South Africa ...
... 9th International Anti-Corruption Conference, 10-15 October 1999, Durban, South Africa ...
Annual and Semi-annual Reporting Instructions
... Investments in Subsidiaries.............................................. 25 ...
... Investments in Subsidiaries.............................................. 25 ...
A New Approach to Equity Premium Prediction: Economic
... (2008) argue that a reasonable investor would not have used a model to forecast a negative equity premium. The positive forecast constraint is also implemented more recently by Pettenuzzo, Timmermann and Valkanov (2014), who motivate this constraint by arguing that risk-averse investors would not ho ...
... (2008) argue that a reasonable investor would not have used a model to forecast a negative equity premium. The positive forecast constraint is also implemented more recently by Pettenuzzo, Timmermann and Valkanov (2014), who motivate this constraint by arguing that risk-averse investors would not ho ...
Moving from measurements to improvement File
... Sector wide approach of PIP is supported by wide range of improvement actions that are categorized under four types of intervention areas. These range from no cost to low-cost solutions like process and policy interventions and rehabilitation of existing infrastructure rather than concentrating only ...
... Sector wide approach of PIP is supported by wide range of improvement actions that are categorized under four types of intervention areas. These range from no cost to low-cost solutions like process and policy interventions and rehabilitation of existing infrastructure rather than concentrating only ...
Foreign Direct Investment
... Slide 6-15, 6-16 Horizontal FDI when and why? Impediments to the sale of know-how FDI would seem to be more expensive and risky than exporting or licensing, so there must be some other good reasons for firms to undertake horizontal FDI. Transportation costs can make export infeasible, especially for ...
... Slide 6-15, 6-16 Horizontal FDI when and why? Impediments to the sale of know-how FDI would seem to be more expensive and risky than exporting or licensing, so there must be some other good reasons for firms to undertake horizontal FDI. Transportation costs can make export infeasible, especially for ...
northstar realty europe corp. - corporate
... This Quarterly Report on Form 10-Q contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, o ...
... This Quarterly Report on Form 10-Q contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, o ...
