2015 Q4 Earnings Release EX991
... Net income per diluted common share for the full year was $3.99, compared to $3.32 in the prior year. Net income for 2015 totaled $973.8 million, up $162.0 million, or 20%, from $811.8 million in 2014. The performance in 2015 generated a return on average common equity of 11.5% compared to 10.0% in ...
... Net income per diluted common share for the full year was $3.99, compared to $3.32 in the prior year. Net income for 2015 totaled $973.8 million, up $162.0 million, or 20%, from $811.8 million in 2014. The performance in 2015 generated a return on average common equity of 11.5% compared to 10.0% in ...
DETERMINANTS OF PREMIUMS PAID IN EUROPEAN BANKING
... leading to a significant increase in market power, which aim at protecting competitiveness, should be taken into consideration. c) Management improvement Management of the target institution can also have an effect on its price. On the one hand, premium would be higher if management of an institutio ...
... leading to a significant increase in market power, which aim at protecting competitiveness, should be taken into consideration. c) Management improvement Management of the target institution can also have an effect on its price. On the one hand, premium would be higher if management of an institutio ...
Leader behaviour and the natural resource curse
... elasticities and how they vary with the level of resource revenues and other country characteristics. Our main focus in this paper is on centralized (leader’s behaviour) mechanisms, which seem to have received relatively less attention so far. However, we make some comments on decentralized response ...
... elasticities and how they vary with the level of resource revenues and other country characteristics. Our main focus in this paper is on centralized (leader’s behaviour) mechanisms, which seem to have received relatively less attention so far. However, we make some comments on decentralized response ...
Learning, Rare Disasters, and Asset Prices
... shocks set to zero.4 Our model yields an equity premium that matches the observed one using U.S. return data from 1948 to 2008, a period during which the U.S. economy was disaster-free. More importantly, the volatility of model-implied stock returns is 17.3%, accounting for 93.5% of the observed vol ...
... shocks set to zero.4 Our model yields an equity premium that matches the observed one using U.S. return data from 1948 to 2008, a period during which the U.S. economy was disaster-free. More importantly, the volatility of model-implied stock returns is 17.3%, accounting for 93.5% of the observed vol ...
International Business
... AACSB: Dynamics of the global economy 44) A restaurant chain based in Hong Kong plans to open a series of restaurants in the United States to gain access to low-cost capital for its expansion efforts. Which of the following, if true, would most strongly strongly support the claim that establishing U ...
... AACSB: Dynamics of the global economy 44) A restaurant chain based in Hong Kong plans to open a series of restaurants in the United States to gain access to low-cost capital for its expansion efforts. Which of the following, if true, would most strongly strongly support the claim that establishing U ...
The PRS Group
... Foreign debt service expressed as a percentage of the sum of estimated total exports of goods and services. Year’s sum of interest and principal repayments on external public and publicly guaranteed debt as a percentage of XGS. A measure of, not just whether there are free and fair elections, but ho ...
... Foreign debt service expressed as a percentage of the sum of estimated total exports of goods and services. Year’s sum of interest and principal repayments on external public and publicly guaranteed debt as a percentage of XGS. A measure of, not just whether there are free and fair elections, but ho ...
FREE Sample Here
... A) issuers and investors an expensive but efficient way of controlling some major risks. B) issuers and investors an inexpensive way of controlling some major risks. C) issuers and investors an inexpensive but inefficient way of controlling all major risks. D) issuers and investors an expensive way ...
... A) issuers and investors an expensive but efficient way of controlling some major risks. B) issuers and investors an inexpensive way of controlling some major risks. C) issuers and investors an inexpensive but inefficient way of controlling all major risks. D) issuers and investors an expensive way ...
Multinational Firms, FDI Flows and Imperfect Capital Markets
... entrepreneurs in host economies. In this setting, we show that an optimal contract calls for the developer of the technology to own equity in the project and may also call for the parent firm to provide funds for investment, even though external investors are more efficient sources of financing.1 The ...
... entrepreneurs in host economies. In this setting, we show that an optimal contract calls for the developer of the technology to own equity in the project and may also call for the parent firm to provide funds for investment, even though external investors are more efficient sources of financing.1 The ...
MN20211A-2009 - people.bath.ac.uk
... Value of the Firm and Capital Structure Value of the Firm = Value of Debt + Value of Equity = discounted value of future cashflows available to the providers of capital. (where values refer to market values). Capital Structure is the amount of debt and equity: It is the way a firm ...
... Value of the Firm and Capital Structure Value of the Firm = Value of Debt + Value of Equity = discounted value of future cashflows available to the providers of capital. (where values refer to market values). Capital Structure is the amount of debt and equity: It is the way a firm ...
The economic impacts of ICT on firms and economies
... broadband networks all demonstrate how pervasive this technology has become. But how precisely does ICT affect economic growth and the efficiency of firms? Impacts of ICT at the aggregate level Capital deepening through investment in ICT is important for economic growth. It establishes the infrastru ...
... broadband networks all demonstrate how pervasive this technology has become. But how precisely does ICT affect economic growth and the efficiency of firms? Impacts of ICT at the aggregate level Capital deepening through investment in ICT is important for economic growth. It establishes the infrastru ...
Leverage Cycles and the Anxious Economy
... While leverage was not necessary for contagion, it plays the shinning role in our answer to question (2). Traditionally the deterioration in price of low-quality assets is explained in terms of “flight to quality,” which in our model corresponds to movements in payoff values. Our model provides a di ...
... While leverage was not necessary for contagion, it plays the shinning role in our answer to question (2). Traditionally the deterioration in price of low-quality assets is explained in terms of “flight to quality,” which in our model corresponds to movements in payoff values. Our model provides a di ...
FUNDAMENTALS OF HEALTHCARE FINANCE Online Appendix B
... This ratio measures the dollar amount of profit in excess of the amount required by a business’s capital suppliers. A positive EVA indicates that the business is earning a return in excess of that required by its capital suppliers and, hence, is economically profitable and viable. A negative EVA ind ...
... This ratio measures the dollar amount of profit in excess of the amount required by a business’s capital suppliers. A positive EVA indicates that the business is earning a return in excess of that required by its capital suppliers and, hence, is economically profitable and viable. A negative EVA ind ...
Financial Leverage and the Leverage Effect
... the cash flows generated by a firm’s assets are specified exogenously, have a constant volatility, and are split into an exogenously specified riskless debt service and a dividend stream to equity holders. We derive the equilibrium prices and dynamics of all financial claims. We identify the economi ...
... the cash flows generated by a firm’s assets are specified exogenously, have a constant volatility, and are split into an exogenously specified riskless debt service and a dividend stream to equity holders. We derive the equilibrium prices and dynamics of all financial claims. We identify the economi ...
Capital efficiency and optimization Measured steps to achieve return
... there exists significant scope to unlock capital through improvements in statistical and computational models. For banks that are commencing the BASEL II advanced approaches journey, it is important to evaluate the impact and manner in which capital can be optimized through application of appropriat ...
... there exists significant scope to unlock capital through improvements in statistical and computational models. For banks that are commencing the BASEL II advanced approaches journey, it is important to evaluate the impact and manner in which capital can be optimized through application of appropriat ...
The economic impacts of ICT on firms and economies
... broadband networks all demonstrate how pervasive this technology has become. But how precisely does ICT affect economic growth and the efficiency of firms? Impacts of ICT at the aggregate level Capital deepening through investment in ICT is important for economic growth. It establishes the infrastru ...
... broadband networks all demonstrate how pervasive this technology has become. But how precisely does ICT affect economic growth and the efficiency of firms? Impacts of ICT at the aggregate level Capital deepening through investment in ICT is important for economic growth. It establishes the infrastru ...
슬라이드 1
... ‧In the late 1990s, because of profound changes in the economic environment, companies had to focus on profitability, to move towards a more holistic approach in their marketing and reduce their international brand portfolios. ‧Initially companies noticed different changes in the economic environmen ...
... ‧In the late 1990s, because of profound changes in the economic environment, companies had to focus on profitability, to move towards a more holistic approach in their marketing and reduce their international brand portfolios. ‧Initially companies noticed different changes in the economic environmen ...
Financial Optimization Problems in Life and Pension Insurance
... The topics of this thesis lie at the interface between life insurance mathematics and mathematical finance. These two fields of research have, until quite recently, evolved more or less independently of one another. Classical topics of life insurance mathematics (see, e.g., Norberg (2000) or Gerber ...
... The topics of this thesis lie at the interface between life insurance mathematics and mathematical finance. These two fields of research have, until quite recently, evolved more or less independently of one another. Classical topics of life insurance mathematics (see, e.g., Norberg (2000) or Gerber ...
Accounting in Action: CM2
... accounting for bad debt expense. CM2 currently charges bad debt expense based on a percentage of receivables. The rate used is 13% of ending accounts receivable. Two of the management team want to forget about bad debt expense altogether. They argue that there is no cash flow effect related to this ...
... accounting for bad debt expense. CM2 currently charges bad debt expense based on a percentage of receivables. The rate used is 13% of ending accounts receivable. Two of the management team want to forget about bad debt expense altogether. They argue that there is no cash flow effect related to this ...
the dynamic stock returns volatility and macroeconomic factors in
... where in 2014 alone market capitalization of securities are worth RM 1651 billion and average daily trading values reached up to RM 2162 billion1. Currently, Bursa Malaysia is listed as the second largest stock market in ASEAN in terms of dividend yields behind Singapore Exchange and positioned as t ...
... where in 2014 alone market capitalization of securities are worth RM 1651 billion and average daily trading values reached up to RM 2162 billion1. Currently, Bursa Malaysia is listed as the second largest stock market in ASEAN in terms of dividend yields behind Singapore Exchange and positioned as t ...
Accelerating infrastructure in Canada: a win win success
... Canadian Infrastructure Bank, should be established to make investments to stimulate more infrastructure projects. The publically-owned, Canadian Infrastructure Bank would make innovative and strategic investments to stimulate and accelerate infrastructure projects. The investments would be focused ...
... Canadian Infrastructure Bank, should be established to make investments to stimulate more infrastructure projects. The publically-owned, Canadian Infrastructure Bank would make innovative and strategic investments to stimulate and accelerate infrastructure projects. The investments would be focused ...