Cross-Sectional Dispersion and Expected Returns
... negatively with dispersion will tend to offer their highest returns when dispersion is low (“good” state) and perform poorly when dispersion is high (“bad” state). Investors would consider these assets to be less desirable to hold compared to those with positive exposure to dispersion, leading to lo ...
... negatively with dispersion will tend to offer their highest returns when dispersion is low (“good” state) and perform poorly when dispersion is high (“bad” state). Investors would consider these assets to be less desirable to hold compared to those with positive exposure to dispersion, leading to lo ...
Corporate diversification and firm performance: An inverted U
... competitive market. These three ways were cross-subsidization, mutual forbearance, and reciprocity (Grant, 1998; Scherer, 1980; Sobel, 1984). Furthermore, he argued that a firm with insignificant position in a number of markets could not gain conglomerate power. The power of these markets has a posi ...
... competitive market. These three ways were cross-subsidization, mutual forbearance, and reciprocity (Grant, 1998; Scherer, 1980; Sobel, 1984). Furthermore, he argued that a firm with insignificant position in a number of markets could not gain conglomerate power. The power of these markets has a posi ...
Is It Time for an Infrastructure Push?
... in any sector of the economy that does not rely on infrastructure. Conversely, inadequacies in infrastructure are quickly felt—in some countries, power outages, insufficient water supply, and decrepit or nonexistent roads adversely affect people’s quality of life and present significant barriers to ...
... in any sector of the economy that does not rely on infrastructure. Conversely, inadequacies in infrastructure are quickly felt—in some countries, power outages, insufficient water supply, and decrepit or nonexistent roads adversely affect people’s quality of life and present significant barriers to ...
A Study of Financial Distress based on MDA
... assets, or revenues that are perceptive to economic downturns. Financial distress is a term in corporate finance used to point out a circumstance when promises to creditors of a company are broken or honored with difficulty. If financial distress cannot be relieved, it can lead to bankruptcy. Financ ...
... assets, or revenues that are perceptive to economic downturns. Financial distress is a term in corporate finance used to point out a circumstance when promises to creditors of a company are broken or honored with difficulty. If financial distress cannot be relieved, it can lead to bankruptcy. Financ ...
Use of Local Currencies in CIF Projects
... operating currency (ies) of the relevant Trust Fund. In accordance with the relevant CIF documents1, MDBs may deploy CIF funds to project developers and borrowers in any currency according to their own policies and procedures, subject to the MDB assuming any exchange rate risk. However, in practice, ...
... operating currency (ies) of the relevant Trust Fund. In accordance with the relevant CIF documents1, MDBs may deploy CIF funds to project developers and borrowers in any currency according to their own policies and procedures, subject to the MDB assuming any exchange rate risk. However, in practice, ...
imba - CSUS Catalog
... Case studies will be utilized to fully develop techniques for creating marketing programs given varying levels of resources and information available under diverse market conditions. IMBA 214. Statistical Decision Making. 3 Units Presents how business decisions are now made in an increasingly co ...
... Case studies will be utilized to fully develop techniques for creating marketing programs given varying levels of resources and information available under diverse market conditions. IMBA 214. Statistical Decision Making. 3 Units Presents how business decisions are now made in an increasingly co ...
THE QUEST FOR POLICY SPACE IN A NEW
... The potential for conflict between proliferating treaty regimes, legal norms, jurisdictions and judicial interpretations has long been a subject of concern for the international legal community.2 Over the last decade, concerns about competition between the international investment law regime and oth ...
... The potential for conflict between proliferating treaty regimes, legal norms, jurisdictions and judicial interpretations has long been a subject of concern for the international legal community.2 Over the last decade, concerns about competition between the international investment law regime and oth ...
201308060000000004_20130806 Press release Interim
... operating results, government measures, the impact of other regulatory measures on all activities of TenneT as a whole, TenneT ’s shares and those of its subsidiaries and joint ventures in existing and new markets, industrial and macro-economic trends and TenneT ’s performance in these. Such stateme ...
... operating results, government measures, the impact of other regulatory measures on all activities of TenneT as a whole, TenneT ’s shares and those of its subsidiaries and joint ventures in existing and new markets, industrial and macro-economic trends and TenneT ’s performance in these. Such stateme ...
NBER WORKING PAPER SERIES MUTUAL FUND PERFORMANCE WITH LEARNING ACROSS FUNDS
... priors in different ways, a common feature is that the prior belief about a given fund’s alpha is taken to be independent of the prior for all other fund alphas. In conjunction with the assumption that fund residual returns are independent, this greatly simplifies the analyses. While such simplifica ...
... priors in different ways, a common feature is that the prior belief about a given fund’s alpha is taken to be independent of the prior for all other fund alphas. In conjunction with the assumption that fund residual returns are independent, this greatly simplifies the analyses. While such simplifica ...
Publication No. 117-34 (Revised July 2016) Illustrative Financial
... judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in orde ...
... judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in orde ...
Analysis Methods Procedures for Assessing the Stability of Business
... degrades due to various shocks they suffer components, but the system itself, however, always tends to recover under the action of specific self-regulatory mechanisms. Under this approach, inspired by the famous work of N. Georgescu-Roegen, "The Entropy Law and the Economic Process" [4, 12-13] and t ...
... degrades due to various shocks they suffer components, but the system itself, however, always tends to recover under the action of specific self-regulatory mechanisms. Under this approach, inspired by the famous work of N. Georgescu-Roegen, "The Entropy Law and the Economic Process" [4, 12-13] and t ...
Financing Local Infrastructure – Linking Local
... which now have to face rising demands for better local infrastructure and service delivery, despite the fact that the financial resources and competencies assigned to them are often inadequate for this task. Furthermore, in many cases local governments are struggling with limited capacities, e.g. re ...
... which now have to face rising demands for better local infrastructure and service delivery, despite the fact that the financial resources and competencies assigned to them are often inadequate for this task. Furthermore, in many cases local governments are struggling with limited capacities, e.g. re ...
INTRODUCTION - Association Internationale de Management
... independent variable – internationalization. This variable is indeed conceived in the threestage model (Lu and Beamish, 2004; Contractor et al., 2003) as a juxtaposition of various strict degrees (or contents) of internationalization. This continuum thus created cannot say anything about the contex ...
... independent variable – internationalization. This variable is indeed conceived in the threestage model (Lu and Beamish, 2004; Contractor et al., 2003) as a juxtaposition of various strict degrees (or contents) of internationalization. This continuum thus created cannot say anything about the contex ...
ESSAYS ON DETERMINANTS OF FINANCIAL BEHAVIOR OF
... This thesis investigates the role of individual-specific factors in individuals’ financial behavior. The main focus of the analysis is on two characteristics of individuals: risk attitude and gender. Although these two factors are believed to be important determinants of financial behavior, a review ...
... This thesis investigates the role of individual-specific factors in individuals’ financial behavior. The main focus of the analysis is on two characteristics of individuals: risk attitude and gender. Although these two factors are believed to be important determinants of financial behavior, a review ...
CL 07 - ED IFRS for SMEs - OIC
... be sufficient to require that the residual value be adjusted only when there is objective evidence to believe that it has been significantly modified (reduced). Thus, there is no need for the calculation ...
... be sufficient to require that the residual value be adjusted only when there is objective evidence to believe that it has been significantly modified (reduced). Thus, there is no need for the calculation ...
Ch - Special projects
... more widely distributed among small investors – who will not challenge management’s actions the way a tough mutual fund manager would. (Investors who found a stock too costly to buy directly could send their money to a mutual fund that buys that type of stock.) A less cynical view is that stock spli ...
... more widely distributed among small investors – who will not challenge management’s actions the way a tough mutual fund manager would. (Investors who found a stock too costly to buy directly could send their money to a mutual fund that buys that type of stock.) A less cynical view is that stock spli ...
Corporate capital structure choice: does
... the majority of these studies are focused on sociologic and psychological aspects of the issue. They use laboratory or gambling experiments to investigate gender differences in attitude to risk. Only a tiny part of them try to explore the empirical evidence of gender differences in risk-aversion for ...
... the majority of these studies are focused on sociologic and psychological aspects of the issue. They use laboratory or gambling experiments to investigate gender differences in attitude to risk. Only a tiny part of them try to explore the empirical evidence of gender differences in risk-aversion for ...
IFRS FAQs
... 15. How will the conversion to IFRS impact Canadian Tire’s financial results? We commented on what we believe to be the most important impacts in our Q3 2010 MD&A and we will discuss further the impacts to our financial results at the IFRS education session on December 6, 2010 and again (likely in ...
... 15. How will the conversion to IFRS impact Canadian Tire’s financial results? We commented on what we believe to be the most important impacts in our Q3 2010 MD&A and we will discuss further the impacts to our financial results at the IFRS education session on December 6, 2010 and again (likely in ...
mid cap: the goldilocks asset class
... facilitate flexibility (i.e. specifying targets for an equity allocation, but not necessarily detailing large, mid, and small cap), we also see mid cap as a very important piece of the equity allocation for long“If you look at the overall mid-cap portion term investors. Emerging new investment strat ...
... facilitate flexibility (i.e. specifying targets for an equity allocation, but not necessarily detailing large, mid, and small cap), we also see mid cap as a very important piece of the equity allocation for long“If you look at the overall mid-cap portion term investors. Emerging new investment strat ...
EN_C6_ENG - BCS Koolitus
... Although it may be better to implement one Change at a time this is not usually practical. Wherever possible, Change Management should schedule approved Changes into target Releases and recommend the allocation of resources accordingly. There is clear continuity between the Change Management and Rel ...
... Although it may be better to implement one Change at a time this is not usually practical. Wherever possible, Change Management should schedule approved Changes into target Releases and recommend the allocation of resources accordingly. There is clear continuity between the Change Management and Rel ...
The Compliance with the Law Requirement in International
... pursuing its claim(s). This Article focuses on one such prerequisite, which is increasingly at issue in recent investment arbitrations-that is, the legality of the investment in question. It has become commonplace for respondents to allege that investors have not complied with the law in making thei ...
... pursuing its claim(s). This Article focuses on one such prerequisite, which is increasingly at issue in recent investment arbitrations-that is, the legality of the investment in question. It has become commonplace for respondents to allege that investors have not complied with the law in making thei ...
Century Bonds: Issuance Motivations and Debt versus Equity
... intention is to embark upon the corporate adventure, taking the risks of loss attendant upon it, so that he may enjoy the chances of profit. The creditor, on the other hand, does not intend to take such risks so far as they may be avoided, but merely to lend his capital to others who do intend to ta ...
... intention is to embark upon the corporate adventure, taking the risks of loss attendant upon it, so that he may enjoy the chances of profit. The creditor, on the other hand, does not intend to take such risks so far as they may be avoided, but merely to lend his capital to others who do intend to ta ...
Unassociated Document
... Interim Statements The accompanying interim condensed consolidated financial statements and the accompanying notes included herein have been prepared without audit, in accordance with the instructions for Form 10-QSB pursuant to the rules and regulations of the Securities and Exchange Commission (“S ...
... Interim Statements The accompanying interim condensed consolidated financial statements and the accompanying notes included herein have been prepared without audit, in accordance with the instructions for Form 10-QSB pursuant to the rules and regulations of the Securities and Exchange Commission (“S ...