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market value margin
market value margin

... Risk: In the abstract, used to indicate a condition of the real world in which there is a possibility of loss; also used by insurance practitioners to indicate the property insured or the peril insured against. IAIS Glossary of Terms Risk is the chance of something happening that will have an impact ...
Personal Retirement Savings Accounts
Personal Retirement Savings Accounts

... type of lifestyle you are looking forward to enjoying in retirement. If you are in your 20s or 30s, the easiest way to establish your PRSA is to start small and build your fund gradually. So, whenever you get a pay rise, commit to putting part of the increase into your PRSA, before you get used to s ...
Determinants of TOEFL Score: A Comparison of Linguistic
Determinants of TOEFL Score: A Comparison of Linguistic

... respond to the opening of financial market. Specifically, they show that a further opening of financial markets tends to increase the volatility of FDI in emerging economies, while it does not lead to any meaningful change in the volatility of portfolio investment flows. ...
Stoc Mar et Information and REIT Earnings Management
Stoc Mar et Information and REIT Earnings Management

... decisions, such as investment and financing activities, earnings management decisions are not publicly announced. Thus, to discover earnings management, stock investors need to have substantial knowledge about accounting standards, tax rules, and the company’s underlying business activities. Moreover ...
Financial Competence, Overconfidence, and Trusting
Financial Competence, Overconfidence, and Trusting

... contracts. Furthermore, overconfidence in one’s ability to appreciate the financial complexities of the situation contributes to suboptimal outcomes. In other words, we hypothesize that, along with social preferences, financial competence and overconfidence drive investing behavior in environments ...
Stock Market Overreaction to Bad News in Good Times: A Rational
Stock Market Overreaction to Bad News in Good Times: A Rational

... stock returns has been as high as 20% in the early 1930s and as low as 2% in the early 1960s (see Figure 1). Moreover, changes in return volatility tend to be persistent, giving rise to the well-documented volatility clustering and “GARCH-type” behavior of returns [see, e.g., Bollerslev, Chou, and K ...
Historical cost measurement and the use of DuPont analysis by
Historical cost measurement and the use of DuPont analysis by

... cost measurement of assets affects the properties of financial ratios, whether these effects help explain why investors appear to make forecast errors about asset utilization, and whether this links more generally to the potential mispricing of changes in assets. Ratios that use accounting inputs, s ...
building today, for tomorrow - EZRA HOLDINGS LIMITED
building today, for tomorrow - EZRA HOLDINGS LIMITED

Checklist ANNEX XXII Disclosure requirements in summaries
Checklist ANNEX XXII Disclosure requirements in summaries

... significant changes to the issuer’s financial position since the last audited financial information. ...
Economics` Approach to Financial Planning by Laurence J. Kotlikoff
Economics` Approach to Financial Planning by Laurence J. Kotlikoff

... The father of consumption-smoothing is Irving Fisher. Fisher was a professor at Yale and America’s preeminent pre-War economist. He is perhaps best known for the Fisher equation, which shows the relationship between nominal and real interest rates. Fisher’s treatise -- The Theory of Interest -- prov ...
McGraw-Hill Global Education Intermediate Holdings
McGraw-Hill Global Education Intermediate Holdings

... The accompanying combined consolidated financial statements present separately the financial position, results of operations, cash flows and changes in invested equity for the Company on a “Successor” basis (reflecting the Company’s ownership by funds affiliated with Apollo) and “Predecessor” basis ...
Measuring and marking counterparty risk
Measuring and marking counterparty risk

... and Sundaram, 1999). For longer horizons, the impact of jumps tends to dissipate and the process cannot be easily distinguished from diffusion. Thus, the modeler must consider the horizon at which the PFEs are computed. Although commodity and equity prices are usually modeled as lognormal diffusions ...
US Equity International Equity Real Estate Aggregate Bond
US Equity International Equity Real Estate Aggregate Bond

... – Do you prefer the stability of cash rents or do you prefer the added risks/rewards that may come from share leases? ...
monThlY SEASonAlITY In CUrrEnCY rETUrnS: 1972-2010
monThlY SEASonAlITY In CUrrEnCY rETUrnS: 1972-2010

... This study examines the monthly seasonality of foreign exchange (FX) returns for eight major currencies (against the US dollar) from 1972 to 2010. It finds that five currencies exhibit significantly higher returns in the month of December and a significant reversal in January. Previous research has ...
Macro Trading and Investment Strategies. Macroeconomic Arbitrage in Brochure
Macro Trading and Investment Strategies. Macroeconomic Arbitrage in Brochure

... Macro Trading and Investment Strategies is the first thorough examination of one of the most proficient and enigmatic trading strategies in use today - global macro. More importantly, it introduces an innovative strategy to this popular hedge fund investment style - global macroeconomic arbitrage. I ...
This PDF is a selection from a published volume from... Bureau of Economic Research
This PDF is a selection from a published volume from... Bureau of Economic Research

... Our model features heterogeneous-risk-aversion agents who are limited to holding positions with total haircuts not exceeding the agents’ capital. While this is a single funding constraint, it affects securities differently, depending on their haircuts. This is the key funding constraint for real-wor ...
Soft Landings (February 2000), with Martin Schneider
Soft Landings (February 2000), with Martin Schneider

... noted to shift to activities that have traditionally been considered to be more risky, such as investment in real estate.14 Not all firms experience booms and busts in the same way. Small, bank-dependent firms and firms in the nontradable sector have grown more strongly during the boom, but have bee ...
Systemic Risk in Hedge Funds
Systemic Risk in Hedge Funds

... funds properly. How could it, for example, be still possible for the hedge fund Long Term Capital Management in 1998, and the Amaranth Advisors LLC in 2006, to collapse and create major distress on the financial markets? In chapter 4 and 5 we will go further into detail. ...
Institutional Investors and Corporate Behavior
Institutional Investors and Corporate Behavior

... many empirical studies fail to find a correlation between performance (that is, return on equity, assets, or excess returns) and current or lagged values of institutional ownership, or ownership by institutions that have submitted shareholder proposals (see, for example, Daily, Johnson, Ellstrand, a ...
Developing a Successful TPA/Investment
Developing a Successful TPA/Investment

The Impact of Taxes on the Extensive and Intensive Margins of FDI
The Impact of Taxes on the Extensive and Intensive Margins of FDI

Case Overview - Chu Hai College of Higher Education
Case Overview - Chu Hai College of Higher Education

... members of the Board of Directors as the top management of the company. This is very different from the composition of the top management of large corporations in this country. Boards in the United States are typically composed of more outside directors (those employed by a company other than the co ...
IT Case Study
IT Case Study

Determinants of Firm`s Financial Leverage: A Critical
Determinants of Firm`s Financial Leverage: A Critical

... affect firm’s financial leverage from the perspective of theoretical underpinnings. We reviewed 107 papers published from 1991 to 2005 in the core, non-core and other academic journals. On the basis of critical review, this research has identified a number of determinants of financial leverage based ...
INVENTORY finance
INVENTORY finance

... vehicles for resale to consumers (sometimes described as “floor plan financing”). ...
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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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