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`Open Access` in Electricity - Central Electricity Regulatory Commission
`Open Access` in Electricity - Central Electricity Regulatory Commission

... – Moreover, credit profile of the borrower would also determine the debtequity ratio being offered to him. For a majority of SEBs with poor financial health and a track-record of defaults on debt obligations, lenders may definitely like to insist on better equity cushion. • Having determined these n ...
Capital Investment Governance White Paper
Capital Investment Governance White Paper

... Governance committees are routinely used by attendees to update themselves on the project’s progress. Quite often they are used as a mechanism for stakeholder management – one need only consider the size of the meeting. Very large meetings are usually indicative of a committee functioning more as a ...
Causes of Financial Distress - This Webs.com site has not yet been
Causes of Financial Distress - This Webs.com site has not yet been

... from companies that operated in different macro – economic contexts. In addition, the researcher decided not to include any financial information from companies during the years 2007 and 2008 because that period there was an economic crisis which was as a result of political crashes that affected th ...
Australia`s Foreign Investment Policy
Australia`s Foreign Investment Policy

#32842_30_Mutual Fund Regulation_P1 1..72
#32842_30_Mutual Fund Regulation_P1 1..72

... market fund to (i) determine the fair value of short-term debt securities for which market quotations were not readily available by reference generally to current market factors, and (ii) calculate its price per share to an accuracy of within 0.10% (that is, $0.01 based on a share price of $10). The ...
Financing the Capital Development of the Economy: A Keynes
Financing the Capital Development of the Economy: A Keynes

... Hence, from Schumpeter we borrow two insights: (1) it is critical to understand the innovation process in order to begin to analyze the dynamics of the capitalist economy, and (2) part of this understanding concerns the fact that innovation needs appropriate types of finance. In Schumpeter’s view t ...
Call for expression of Interest
Call for expression of Interest

... “Medium” or higher score for this indicator will be awarded if, at and following a closing where EIF is expected to participate under the Programme, at least 50% of the Fund’s commitments are envisaged to come from Independent Private Investors, not taking into account EIF, EIB, and NPBs investing t ...
real options and the evaluation of research and developement
real options and the evaluation of research and developement

Assessing the risk-return trade-off in loans
Assessing the risk-return trade-off in loans

Infrastructure Investment Policy Blueprint
Infrastructure Investment Policy Blueprint

Effect Type Strategy, Investment Opportunity Set In
Effect Type Strategy, Investment Opportunity Set In

... Agency theory is the basis of the theory underlying the company's current business practices. Agency theory is a theory that arise because of a conflict of interest between principal and agent. Principal shareholder while the agent as a manager. Principal agent contracted to perform resource managem ...
Excerpted from the Charity Commission guidance document: Charity
Excerpted from the Charity Commission guidance document: Charity

... give voluntary funders, such as grant-makers, an understanding of why funding is needed to undertake a particular project or activity give assurance to lenders and creditors that the charity can meet its financial commitments manage the risk to a charity’s reputation from holding substantial unspent ...
- Roosevelt Institute
- Roosevelt Institute

... On top of this is the massive cost of the financial crisis itself, which most analysts agree was largely associated with the practices of speculative finance. If we add conservative Federal Reserve estimates of the cost of the crisis in terms of lost output ($6.5 trillion–$14.5 trillion), it brings ...
Information on risk, own funds and capital requirements
Information on risk, own funds and capital requirements

... Currently all Board Members have many years’ experience not only in managing of the Bank but in specific areas they are responsible for as well.  Article 435.2.d whether or not the institution has set up a separate risk committee and the number of times the risk committee has met The Bank has estab ...
Missing Numbers -- Behind Wave of Corporate Fraud: A Change in
Missing Numbers -- Behind Wave of Corporate Fraud: A Change in

... auditor gains assurance by examining all of the component parts of the financial statements, ensuring that the transactions recorded are complete and accurate." By comparison, under the "top down" risk-based audit methodology, auditors focus "less on the details of individual transactions" and use ...
Empirical Investigation of an Equity Pairs Trading Strategy
Empirical Investigation of an Equity Pairs Trading Strategy

A Stochastic Discount Factor Approach to Asset
A Stochastic Discount Factor Approach to Asset

... In this paper, we derive a novel consistent estimator of the stochastic discount factor (or pricing kernel) that takes seriously the consequences of the Pricing Equation established by Harrison and Kreps (1979), Hansen and Richard (1987), and Hansen and Jagannathan (1991), where asset prices today a ...
2006 Financing Report
2006 Financing Report

... Foolhardy strangers, and the Founding entrepreneurs themselves. ...
MSCI Factor Indices
MSCI Factor Indices

... Index returns do not represent the results of actual trading of investible assets/securities. MSCI maintains and calculates indexes, but does not manage actual assets. Index returns do not reflect payment of any sales charges or fees an investor may pay to purchase the securities underlying the inde ...
International Accounting Standard 28 Investments in Associates and
International Accounting Standard 28 Investments in Associates and

GC17/2: Treatment of politically exposed persons (PEPs) under the
GC17/2: Treatment of politically exposed persons (PEPs) under the

... establishing source of wealth and source of funds and the true beneficiaries of long-term insurance policies. This could include information from public registers, such as beneficial ownership registers and registers maintained by the Electoral Commission under the Political Parties, Elections and R ...
NHA Mortgage-Backed Securities
NHA Mortgage-Backed Securities

... sources which we believe to be reliable, but we do not represent that they are accurate or complete, and should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. A CIBC World Markets company or its shareholders, directors, officers and/ ...
Estimating the Expected Marginal Rate of Substitution
Estimating the Expected Marginal Rate of Substitution

... assumptions, equation (10) becomes a panel estimating equation. Time-series variation is used to estimate the asset-specific factor loadings {β } , coefficients that are constant across time. Estimating these factor loadings is a key objective of this research program. In practice, many empirical as ...
Vanguard Ultra-Short-Term Bond Fund Prospectus Investor Shares
Vanguard Ultra-Short-Term Bond Fund Prospectus Investor Shares

Inflation Risk and Real Return
Inflation Risk and Real Return

... so over sufficiently long time periods the relatively high expected returns of equities mean investors can expect to grow assets after inflation. Over short time horizons, though, equities may suffer from inflation shocks. Over long horizons, we expect that most, but not all, of an inflation increas ...
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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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