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equity method of accounting
equity method of accounting

... • Be aware of how to account for equity investments • Be aware that investments in associates (defined as investees over which the investor has significant influence) must be accounted for by using the equity method of accounting, and know how to apply this method of accounting • Understand that if ...
Foreign Direct Investment and Foreign Portfolio Investment
Foreign Direct Investment and Foreign Portfolio Investment

... shareholder faces the following well-known free-rider problem:if the shareholder does something to improve the quality of management, then the benefits will be enjoyed by all shareholders. Unless the shareholder is altruistic, she will ignore this beneficial effect on other shareholders and so will ...
Uncertainty shocks, asset supply and pricing over the business cycle
Uncertainty shocks, asset supply and pricing over the business cycle

... The operating cost captures reorganization in the corporate sector that redistributes resources away from shareholders. One example is expenses incurred in ”packaging” earnings in the form of individual firm payouts such as the cost of mergers, spin-offs or IPO’s, all of which can vary over time bec ...
Headstrong Group Inc HDST
Headstrong Group Inc HDST

... The Quantitative Ratings are calculated daily and derived from the analystdriven ratings of a company’s peers as determined by statistical algorithms. Morningstar, Inc. (“Morningstar”, “we”, “our”) calculates Quantitative Ratings for companies whether or not it already provides analyst ratings and q ...
ACCA F9 Workbook Questions 1
ACCA F9 Workbook Questions 1

... 2. What is the primary function of the stock market? 3. What are the advantages to the company of being listed? 4. Are there any disadvantages of being listed? 5. A company has 10m shares in issue at a share price of $7 and undertakes a rights issue of 1 for 5 to raise $12m. What is the Theoretical ...
2015-2016 - Plymouth Marine Laboratory
2015-2016 - Plymouth Marine Laboratory

... (1) Results for the year Net expenditure for the year amounted to £175k (2015 net income £30k). It has been a challenging year due to the external funding environment, especially a hiatus in a principal source of funding (EU). As a result costs have been reduced, whilst still maintaining capability ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
This PDF is a selection from a published volume from... National Bureau of Economic Research

... shocks (1973 and 1979). The current account deficit was also exacerbated by the increase in U.S. interest rates in 1979. The deficits were financed basically by syndicated loans, in the context of a large expansion of international financial market liquidity. The external financing and investments u ...
Wyndham Vacation Ownership
Wyndham Vacation Ownership

The Variability of IPO Initial Returns
The Variability of IPO Initial Returns

... •  But the extreme persistence of IRs and volatility, given the characteristics of the offering, suggests that there are important aspects of uncertainty about the valuation of IPOs that are simply hard to predict –  Suggests alternative methods for selling IPOs are worth considering – e.g., IPO auc ...
MSCI World High Dividend Yield Index
MSCI World High Dividend Yield Index

... For more than 40 years, MSCI' research-based indexes and analytics have helped the world' leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative res ...
Internal control and audit
Internal control and audit

... Internal auditing is an independent appraisal function established within an organization which examines and evaluates its activities as a service to the organization. The objective of internal auditing is to assist the organization, in particular managers and members of the board of directors, to d ...
Banks bailout, time-consistency and distributional effects
Banks bailout, time-consistency and distributional effects

... several redistributive channels: the bailout reduces the after tax wage of all agents, lowers the loss of either depositors or bankers or potentially both and a higher share of risky assets increases the total income of bankers. The redistributive impact of a bailout is thus subtle. We compare the ...
National Bank of Pakistan NBP
National Bank of Pakistan NBP

... The Quantitative Ratings are calculated daily and derived from the analystdriven ratings of a company’s peers as determined by statistical algorithms. Morningstar, Inc. (“Morningstar”, “we”, “our”) calculates Quantitative Ratings for companies whether or not it already provides analyst ratings and q ...
29 - San Francisco State University
29 - San Francisco State University

... the organization in a unique way. Of these categories, environmental munificence (the environment’s capacity to accommodate firms) has particular relevance to organizational decline and turnaround (Arogyaswamy et al., 1995). It has long been acknowledged in the organizational ecology literature that ...
Horizons US 7-10 Year Treasury Bond CAD
Horizons US 7-10 Year Treasury Bond CAD

investing for the future
investing for the future

... past, commentators and lobbyists have argued for some form of national bank in the UK to tackle each of these. There is a risk, however, that establishing an institution that aims, from the start, to tackle so many problems would result in failure on all fronts. This is particularly true for those p ...
Endowment Fund - InFaith Community Foundation
Endowment Fund - InFaith Community Foundation

... Mutual stewardship ...
International Financial Integration and Crisis Contagion ∗ Michael B. Devereux Changhua Yu
International Financial Integration and Crisis Contagion ∗ Michael B. Devereux Changhua Yu

... focus mainly on perfect risk sharing for investors. Second, the mechanism is quite different. We study a channel of fire sales, in which both asset prices and quantities of assets adjust endogenously to exogenous shocks, while they focus only on the quantity adjustment of assets. Another related pa ...
Financial facts - Great West Life
Financial facts - Great West Life

... The rate shown applies to policies issued on or after Sept. 16, 1968. These policies have a variable policy loan rate provision, whereas policies issued before this date have a fixed policy loan rate provision and may have a different dividend scale interest rate. The 60-year average annual dividend ...
chapter 3 - Erasmus University Thesis Repository
chapter 3 - Erasmus University Thesis Repository

... subdued during recessions while the more efficient acquirers earn higher merger profits during “merger waves” than outside of waves. There is a difference in the definition of an Acquisition and a Merger 1, but throughout our study we will treat both terms equivalently. And the most important reason ...
Dynamic Correlation or Tail Dependence Hedging for Portfolio
Dynamic Correlation or Tail Dependence Hedging for Portfolio

... models (e.g. Bollerslev et al. (1988) or the principal component GARCH of Alexander (2002)), the parsimonious Dynamic Conditional Correlation model of Engle (2002), Engle and Sheppard (2001), and Tse and Tsui (2002), or alternatively the nonparametric model of range-based covariance obtained from in ...
Circumstances – How to recognise a circumstance
Circumstances – How to recognise a circumstance

2010 - GuocoLand Limited
2010 - GuocoLand Limited

The impact of the Credit Crunch on the Sterling Corporate Bond
The impact of the Credit Crunch on the Sterling Corporate Bond

... predominantly driven by cash flow (e.g. the need to invest proceeds, replace redeemed bonds, and pay out cash to the fund’s investors). While there is an element of speculative trading by these institutional investors, this does not represent their major investment objective. Generally bond markets ...
Equity Management
Equity Management

... from the price paid for some thing or some service. The small amount is then retained as cooperative equity. This is most commonly used by marketing cooperatives where a small charge may be retained from the marketing of a unit of a certain commodity. ...
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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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