Payoff complementarities and financial fragility Evidence from
... redemptions from illiquid funds is that the costs imposed by redemptions are generally not reflected in the price (NAV) investors get when they redeem their shares. Instead, they are mostly imposed on investors who keep their money in the fund. The reason is that the NAV at which investors can buy an ...
... redemptions from illiquid funds is that the costs imposed by redemptions are generally not reflected in the price (NAV) investors get when they redeem their shares. Instead, they are mostly imposed on investors who keep their money in the fund. The reason is that the NAV at which investors can buy an ...
Dynamic Factor Timing and the Predictability of Actively Managed
... model and the “alpha” is easier to communicate to, and be understood by, investors, asset managers, and other stakeholders. Second, market indexes represent a realistic passive alternative to actively managed funds, something that is not always true for the factor-mimicking portfolios commonly used ...
... model and the “alpha” is easier to communicate to, and be understood by, investors, asset managers, and other stakeholders. Second, market indexes represent a realistic passive alternative to actively managed funds, something that is not always true for the factor-mimicking portfolios commonly used ...
IMPROVING THE EFFICIENCY OF THE ANGEL FINANCE MARKET
... Employ half of all private sector employees; Create more than 50% of non-farm private gross domestic product; and Generate 60% to 80% of net new jobs annually.5 Such statistics give the impression that small businesses are a homogenous group and that policies aimed at improving the economy and job c ...
... Employ half of all private sector employees; Create more than 50% of non-farm private gross domestic product; and Generate 60% to 80% of net new jobs annually.5 Such statistics give the impression that small businesses are a homogenous group and that policies aimed at improving the economy and job c ...
the role of international accounting standards in transitional
... The results reported in Section 4, show that after controlling for cash flows, accruals computed using both PRC and IAS standards have a strong positive association with future operating cash flows. When we examine the explanatory power of accruals under each standard separately, we find that neithe ...
... The results reported in Section 4, show that after controlling for cash flows, accruals computed using both PRC and IAS standards have a strong positive association with future operating cash flows. When we examine the explanatory power of accruals under each standard separately, we find that neithe ...
Frame - Frips
... and other higher-ups who fathered these disasters have walked away with extraordinary wealth. Indeed, many of these people were urging investors to buy shares while concurrently dumping their own, sometimes using methods that hid their actions. To their shame, these business leaders view shareholder ...
... and other higher-ups who fathered these disasters have walked away with extraordinary wealth. Indeed, many of these people were urging investors to buy shares while concurrently dumping their own, sometimes using methods that hid their actions. To their shame, these business leaders view shareholder ...
Financial Visibility and the Decision to Go Private
... financial interest and visibility (proxied by the growth in analyst coverage, change in institutional ownership, and stock turnover) were more likely to go private and opted to do so sooner. While many of our empirical findings help reinforce more conventional theories focusing on conflicts of inter ...
... financial interest and visibility (proxied by the growth in analyst coverage, change in institutional ownership, and stock turnover) were more likely to go private and opted to do so sooner. While many of our empirical findings help reinforce more conventional theories focusing on conflicts of inter ...
1 AS FILED WITH THE SECURITIES AND EXCHANGE
... a degree and still meet their personal and professional responsibilities. The Company's teaching/learning model enables full-time working adult students to earn an undergraduate degree within four years, as compared to a national average of seven to ten years for working adults, or a graduate degree ...
... a degree and still meet their personal and professional responsibilities. The Company's teaching/learning model enables full-time working adult students to earn an undergraduate degree within four years, as compared to a national average of seven to ten years for working adults, or a graduate degree ...
Does Liquidity Affect Securities Market Efficiency?
... reasons, tests of efficiency using TradeSports data nicely complement the evidence from wagering markets, experimental markets, and conventional financial markets. To measure the liquidity of securities markets on the TradeSports exchange, I rely on two indicators designed to capture O’Hara’s (1995 ...
... reasons, tests of efficiency using TradeSports data nicely complement the evidence from wagering markets, experimental markets, and conventional financial markets. To measure the liquidity of securities markets on the TradeSports exchange, I rely on two indicators designed to capture O’Hara’s (1995 ...
RTF - OTC Markets
... from the Sentient Selling Stockholder to fund cash deficits. In the second quarter 2016, we issued shares of our common stock and warrants for gross proceeds of $4.0 million. Although we have leased the oxide plant at the Velardeña Properties to a subsidiary of Hecla Mining Company, the cash that we ...
... from the Sentient Selling Stockholder to fund cash deficits. In the second quarter 2016, we issued shares of our common stock and warrants for gross proceeds of $4.0 million. Although we have leased the oxide plant at the Velardeña Properties to a subsidiary of Hecla Mining Company, the cash that we ...
Research on “Stereoscopic” Financial Institutional Framework Construction of Virtual Enterprises
... descriptive, and there is a lack of systematic research on the solution of problems occuring in the actual operation of virtual enterprises and thus research on this subject appears relatively narrow. Meanwhile, research work done on the financial system of virtual enterprises is obviously insuffici ...
... descriptive, and there is a lack of systematic research on the solution of problems occuring in the actual operation of virtual enterprises and thus research on this subject appears relatively narrow. Meanwhile, research work done on the financial system of virtual enterprises is obviously insuffici ...
REV Group, Inc.
... REV Group, Inc. and Subsidiaries Notes to the Condensed Unaudited Consolidated Financial Statements (Dollars in thousands, unless noted otherwise) Note 1. Basis of Presentation The condensed unaudited consolidated financial statements include the accounts of REV Group, Inc. (“REV” or “the Company”) ...
... REV Group, Inc. and Subsidiaries Notes to the Condensed Unaudited Consolidated Financial Statements (Dollars in thousands, unless noted otherwise) Note 1. Basis of Presentation The condensed unaudited consolidated financial statements include the accounts of REV Group, Inc. (“REV” or “the Company”) ...
wiiw FDI Database – detailed description (June 2015)
... The concepts of direct investor and direct investment enterprise remain broadly unchanged compared with BPM5. Under ‘Direct investor in direct investment enterprises’, the reporting economy of the direct investor records the assets of the direct investor. The reporting economy of the direct investme ...
... The concepts of direct investor and direct investment enterprise remain broadly unchanged compared with BPM5. Under ‘Direct investor in direct investment enterprises’, the reporting economy of the direct investor records the assets of the direct investor. The reporting economy of the direct investme ...
TRMCX TRMIX TAMVX RRMVX Mid-Cap Value Fund Investor Class
... produce the intended results, the fund could underperform in comparison to other funds with similar objectives and investment strategies. Risks of U.S. stock investing Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that st ...
... produce the intended results, the fund could underperform in comparison to other funds with similar objectives and investment strategies. Risks of U.S. stock investing Stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that st ...
Sample Chapter - McGraw Hill Higher Education
... The holding-period return is a simple and unambiguous measure of investment return over a single period. But often you will be interested in average returns over longer periods of time. For example, you might want to measure how well a mutual fund has performed over the preceding five-year period. I ...
... The holding-period return is a simple and unambiguous measure of investment return over a single period. But often you will be interested in average returns over longer periods of time. For example, you might want to measure how well a mutual fund has performed over the preceding five-year period. I ...
Institutional Investors and Corporate Behavior
... and well-researched views on corporate governance. Our findings suggest the desirability of reorienting academic inquiry toward three questions. First, does the perceived importance of corporate-governance “best practices” translate into improved corporate performance? Second, are institutional inve ...
... and well-researched views on corporate governance. Our findings suggest the desirability of reorienting academic inquiry toward three questions. First, does the perceived importance of corporate-governance “best practices” translate into improved corporate performance? Second, are institutional inve ...
why polish companies go public
... investigates Polish private companies that went public during the period of 19922001. Unfortunately, her sample of investigated firms consists only of IPO companies and is not compared with a reference sample of privately held companies. The analysis is conducted in such a way that firms before the ...
... investigates Polish private companies that went public during the period of 19922001. Unfortunately, her sample of investigated firms consists only of IPO companies and is not compared with a reference sample of privately held companies. The analysis is conducted in such a way that firms before the ...
Valuation of Venture Capital Securities: An
... This paper and the accompanying spreadsheets are intended as an aid to those negotiating financing terms with venture capitalists (VCs). It is hoped that through using this methodology those in this position (hence forth referred to as entrepreneurs) will be able to construct an argument to help jus ...
... This paper and the accompanying spreadsheets are intended as an aid to those negotiating financing terms with venture capitalists (VCs). It is hoped that through using this methodology those in this position (hence forth referred to as entrepreneurs) will be able to construct an argument to help jus ...
Short Selling IPOs
... is chosen because it begins after the implementation of Regulation SHO and is associated with the public release of the Regulation SHO Pilot data which contains short selling transaction information. In order for an IPO to be included in the final sample, we require that the IPO have at least 30 con ...
... is chosen because it begins after the implementation of Regulation SHO and is associated with the public release of the Regulation SHO Pilot data which contains short selling transaction information. In order for an IPO to be included in the final sample, we require that the IPO have at least 30 con ...
Business Relationships, Corporate Governance, and Firm
... Our data also allow us to conduct what, to our knowledge, are two unique analyses: first, the association between pre-placement relationships and issuer and placement characteristics, and second, the influence of private placements on the governance structure of the issuer. We find that placements t ...
... Our data also allow us to conduct what, to our knowledge, are two unique analyses: first, the association between pre-placement relationships and issuer and placement characteristics, and second, the influence of private placements on the governance structure of the issuer. We find that placements t ...
Information Needs of Users of New Zealand Capital Markets Entity
... Q1. Use of financial reports Most (79%) respondents indicate that they use the information in corporate financial reports in their decisions relating to investments and/or corporate performance. Most of those who indicated that they are not using financial reports, explained that they relied on info ...
... Q1. Use of financial reports Most (79%) respondents indicate that they use the information in corporate financial reports in their decisions relating to investments and/or corporate performance. Most of those who indicated that they are not using financial reports, explained that they relied on info ...
Deactivating Active Share
... replicate Table 5 from Petajisto (2013) and report net of fee annualized performance of the five mutual fund portfolios highlighted in Cremers and Petajisto (2009) and Petajisto (2013) over the period 1990-2009. The portfolios are based on a two-way sort on Active Share and on the tracking error, us ...
... replicate Table 5 from Petajisto (2013) and report net of fee annualized performance of the five mutual fund portfolios highlighted in Cremers and Petajisto (2009) and Petajisto (2013) over the period 1990-2009. The portfolios are based on a two-way sort on Active Share and on the tracking error, us ...
KIM - Birla Sun Life Fixed Term Plan
... www.birlasunlife.com and hereby undertake to be bound by the same. I further undertake to discharge the obligations cast on me and shall not at any time deny or repudiate the on-line transactions effected by me and I shall be solely liable for all the costs and consequences thereof. The ARN holder h ...
... www.birlasunlife.com and hereby undertake to be bound by the same. I further undertake to discharge the obligations cast on me and shall not at any time deny or repudiate the on-line transactions effected by me and I shall be solely liable for all the costs and consequences thereof. The ARN holder h ...
Some Indicators of a Firm`s Risk and Debt Capacity
... inherently more risky than debt since debt holders receive a fixed payment and are "in line" before equity holders in the case of liquidation. Because of the higher risk associated with holding equity, stockholders demand a higher return than debt holders. Consequently, from the firm's perspective, ...
... inherently more risky than debt since debt holders receive a fixed payment and are "in line" before equity holders in the case of liquidation. Because of the higher risk associated with holding equity, stockholders demand a higher return than debt holders. Consequently, from the firm's perspective, ...
Research on SOGO SHOSHA: Origins, Establishment, and
... systematically and operate as an entire group in order to foray into some manufacturing businesses and service businesses. On the other hand, what also definitely contributed to earnings was profit from investment in enterprises where they didn’t retain management rights over invested companies. As ...
... systematically and operate as an entire group in order to foray into some manufacturing businesses and service businesses. On the other hand, what also definitely contributed to earnings was profit from investment in enterprises where they didn’t retain management rights over invested companies. As ...
Stock trader
A stock trader or equity trader or share trader is a person or company involved in trading equity securities. Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker or investor. A stock investor is an individual or company who puts money to use by the purchase of equity securities, offering potential profitable returns, as interest, income, or appreciation in value (capital gains). This buy-and-hold long term strategy is passive in nature, as opposed to speculation, which is typically active in nature. Many stock speculators will trade bonds (and possibly other financial assets) as well. Stock speculation is a risky and complex occupation because the direction of the markets are generally unpredictable and lack transparency, also financial regulators are sometimes unable to adequately detect, prevent and remediate irregularities committed by malicious listed companies or other financial market participants. In addition, the financial markets are usually subjected to speculation.