FTSE GDP Weighted Indexes
... whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Russell Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and noth ...
... whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Russell Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and noth ...
Are Directors Dealings Informative?
... We thank an anonymous referee for very helpful comments. We also thank 2IQ Research for providing the data for our analysis. Any remaining errors are our own. ...
... We thank an anonymous referee for very helpful comments. We also thank 2IQ Research for providing the data for our analysis. Any remaining errors are our own. ...
PROSPECTUS File Pursuant to Rule 424(b)(1) Registration No. 333
... have average experience of over seven years with Waters and over ten years in the industry. Waters believes it is one of the few HPLC industry participants that both sells directly to end-users in each of its markets and provides local technical service and aftermarket support to customers in virtua ...
... have average experience of over seven years with Waters and over ten years in the industry. Waters believes it is one of the few HPLC industry participants that both sells directly to end-users in each of its markets and provides local technical service and aftermarket support to customers in virtua ...
Mutual fund intermediation, equity issues, and the real
... The mutual fund industry has grown immensely over the past 20 years. As the largest group of institutional investors, the industry’s total assets under management has grown from only $134 billion in 1980 to about $12 trillion at the end of 2007, accounting for approximately 33% of the total value of ...
... The mutual fund industry has grown immensely over the past 20 years. As the largest group of institutional investors, the industry’s total assets under management has grown from only $134 billion in 1980 to about $12 trillion at the end of 2007, accounting for approximately 33% of the total value of ...
The Effect of the Recent Financial Crisis on Defined
... indexed to price- or wage growth, which adds an additional objective for the fund’s manager to counter. Thirdly, pension funds invest on behalf of their members, who often have large investments in, for example, housing and human capital, and thus have to take these factors into account. Bovenberg e ...
... indexed to price- or wage growth, which adds an additional objective for the fund’s manager to counter. Thirdly, pension funds invest on behalf of their members, who often have large investments in, for example, housing and human capital, and thus have to take these factors into account. Bovenberg e ...
Word - corporate
... that are difficult to predict including, without limitation, risks associated with: (i) the inability to manage trading strategy performance and grow revenue and earnings (ii) the receipt of additional payments from the sale of KCG Hotspot that are subject to certain contingencies; (iii) changes in ...
... that are difficult to predict including, without limitation, risks associated with: (i) the inability to manage trading strategy performance and grow revenue and earnings (ii) the receipt of additional payments from the sale of KCG Hotspot that are subject to certain contingencies; (iii) changes in ...
IFRS 9 Financial Instruments
... loss to present subsequent changes in fair value in other comprehensive income. A financial asset is required to be measured at fair value through profit or loss unless it is measured at amortised cost (in accordance with IFRS 9.4.1.2) or at fair value through other comprehensive income (in accordan ...
... loss to present subsequent changes in fair value in other comprehensive income. A financial asset is required to be measured at fair value through profit or loss unless it is measured at amortised cost (in accordance with IFRS 9.4.1.2) or at fair value through other comprehensive income (in accordan ...
Being Warren Buffett: a classroom simulation of the stock market
... The activity was developed for use in both an MBA and PhD program The paper introduces concepts of “volatility drag” and “volatility adjusted return” as more advanced topics (potentially applicable as a project at the end of a undergraduate probability class), as well as connections to calculus Veri ...
... The activity was developed for use in both an MBA and PhD program The paper introduces concepts of “volatility drag” and “volatility adjusted return” as more advanced topics (potentially applicable as a project at the end of a undergraduate probability class), as well as connections to calculus Veri ...
Derivative Market Operations
... between the two parties) and are customized according to the needs of the parties. Since these contracts do not fall under the purview of rules and regulations of an exchange, they generally suffer from counterparty risk i.e. the risk that one of the parties to the contract may not fulfill his or he ...
... between the two parties) and are customized according to the needs of the parties. Since these contracts do not fall under the purview of rules and regulations of an exchange, they generally suffer from counterparty risk i.e. the risk that one of the parties to the contract may not fulfill his or he ...
Morningstar® Dividend Yield Focus Target Volatility 5 IndexSM
... RĭHUVROXWLRQVWRVHYHUDOLQYHVWPHQWSUREOHPV Over long time periods, for example, they can help smooth a portfolio’s returns, thanks to their predictable dividend payments. They can also provide much-needed LQFRPHLQORZLQWHUHVWUDWHFOLPDWHV$QGWKH\FDQīOO a psychological gap: When the bulk ...
... RĭHUVROXWLRQVWRVHYHUDOLQYHVWPHQWSUREOHPV Over long time periods, for example, they can help smooth a portfolio’s returns, thanks to their predictable dividend payments. They can also provide much-needed LQFRPHLQORZLQWHUHVWUDWHFOLPDWHV$QGWKH\FDQīOO a psychological gap: When the bulk ...
- Backpack
... – There is a fear that managers may waste corporate resources by over-investing in low or poor NPV projects. – Gordon Donaldson argued this is the reason for the pecking order managements tend to use when raising capital • Shareholders would prefer to receive a dividend and then have management file ...
... – There is a fear that managers may waste corporate resources by over-investing in low or poor NPV projects. – Gordon Donaldson argued this is the reason for the pecking order managements tend to use when raising capital • Shareholders would prefer to receive a dividend and then have management file ...
Disposition Effect on Two Classical Expected Utility Models
... In economics, utility is defined as a measure of the relative satisfaction from, or desirability of, possession or consumption of various goods and services [4]. Very often, economists distinguish between cardinal utility and ordinal utility. Cardinal utility is a way to measure a particular good or ...
... In economics, utility is defined as a measure of the relative satisfaction from, or desirability of, possession or consumption of various goods and services [4]. Very often, economists distinguish between cardinal utility and ordinal utility. Cardinal utility is a way to measure a particular good or ...
The information content of market liquidity: An empirical analysis of
... There is a long history of research on the liquidity and microstructure of equity markets. The early research on equity market liquidity was however done within a market microstructure framework focusing on intra-day patterns and trader behavior in single securities. In recent years there has been a ...
... There is a long history of research on the liquidity and microstructure of equity markets. The early research on equity market liquidity was however done within a market microstructure framework focusing on intra-day patterns and trader behavior in single securities. In recent years there has been a ...
Future Equity Patterns and Baby Boomer Retirements
... as a means to generate consumption in the future. As a result, they do not distinguish between different sectors of the economy or the different types and risk profiles of investments. The empirical literature focuses on variables that provide a proxy for the relative value of assets, and on expecte ...
... as a means to generate consumption in the future. As a result, they do not distinguish between different sectors of the economy or the different types and risk profiles of investments. The empirical literature focuses on variables that provide a proxy for the relative value of assets, and on expecte ...
collective investment schemes in emerging markets
... pool resources of many small savers, generating a large pool of resources which they then invest in a variety of assets like shares, bonds, futures and property with the sole purpose of generating high returns. Consequently, CIS have been instrumental in raising the financial sophistication of the p ...
... pool resources of many small savers, generating a large pool of resources which they then invest in a variety of assets like shares, bonds, futures and property with the sole purpose of generating high returns. Consequently, CIS have been instrumental in raising the financial sophistication of the p ...
Substituted Compliance - Program on International Financial Systems
... corporate governance standards on foreign issuers, often conflicting with local practices such as the composition of supervisory boards in Germany and other jurisdictions. While the most egregious of the conflicts were eventually smoothed over, the Sarbanes-Oxley Act experience awoke foreign firms t ...
... corporate governance standards on foreign issuers, often conflicting with local practices such as the composition of supervisory boards in Germany and other jurisdictions. While the most egregious of the conflicts were eventually smoothed over, the Sarbanes-Oxley Act experience awoke foreign firms t ...
chapter 3 - Erasmus University Thesis Repository
... Nowadays, as economic markets become more complex and global it is a frequent phenomenon for both small and large companies to proceed to Mergers and Acquisitions in order to capture the implicated benefits such as synergies and economies of scale and scope and in that way earn a competitive advanta ...
... Nowadays, as economic markets become more complex and global it is a frequent phenomenon for both small and large companies to proceed to Mergers and Acquisitions in order to capture the implicated benefits such as synergies and economies of scale and scope and in that way earn a competitive advanta ...
Sample
... records, Bill recommends the purchase of Expo stock to his brother. A) Bill is involved in insider trading prohibited by the SEC. B) Bill's brother has no direct connection to Expo Corporation and therefore his purchase of the stock is not prohibited by insider trading laws. C) Bill is not an inside ...
... records, Bill recommends the purchase of Expo stock to his brother. A) Bill is involved in insider trading prohibited by the SEC. B) Bill's brother has no direct connection to Expo Corporation and therefore his purchase of the stock is not prohibited by insider trading laws. C) Bill is not an inside ...
n ation, Stock Prices And Leverage In Emerging Markets:
... In the second panel of Table 4.1 the results from the benchmark regression are posted. Contemporaneous and lagged realized inflation is always significant, except when lagged two months. The sign is always negative: increasing inflation forecasts negative real earnings variations in the coming month ...
... In the second panel of Table 4.1 the results from the benchmark regression are posted. Contemporaneous and lagged realized inflation is always significant, except when lagged two months. The sign is always negative: increasing inflation forecasts negative real earnings variations in the coming month ...
GOVERNMENT SHAREHOLDING AND FINANCIAL HEALTH OF
... to the firm. The FASB and IASB are working together to create a common conceptual framework to help firms to report financial information. As stated by Dyckman, Magee & Pfeiffer (2014, p. 26), “The fundamental goal of financial accounting is to provide information that promotes the efficient allocat ...
... to the firm. The FASB and IASB are working together to create a common conceptual framework to help firms to report financial information. As stated by Dyckman, Magee & Pfeiffer (2014, p. 26), “The fundamental goal of financial accounting is to provide information that promotes the efficient allocat ...
Strategic Informed Trades, Diversification, and Expected Returns*
... infinitely large and the informed trader only takes infinitesimal positions.6 After imposing further structure, we predict that the impact of risk-sharing dominates the effect of information revealed through price. In particular, expected returns decrease in the variance of noise trades and expected ...
... infinitely large and the informed trader only takes infinitesimal positions.6 After imposing further structure, we predict that the impact of risk-sharing dominates the effect of information revealed through price. In particular, expected returns decrease in the variance of noise trades and expected ...
The Financialization of Commodity Markets
... markets and need to offer positive risk premia to attract speculators to take the long side. By bringing a large number of financial investors to the long side, financialization mitigates this hedging pressure and improves risk sharing, as suggested by Tang and Xiong (2012). However, as pointed out ...
... markets and need to offer positive risk premia to attract speculators to take the long side. By bringing a large number of financial investors to the long side, financialization mitigates this hedging pressure and improves risk sharing, as suggested by Tang and Xiong (2012). However, as pointed out ...
McGraw-Hill/Irwin
... announced that the current rate for one-year Treasury bills is 5%. • What is the expected return on the market of small-company stocks? • Recall that the average excess return on small company common stocks for the period 1926 through 2005 was 13.6%. • Given a risk-free rate of 5%, we have an expect ...
... announced that the current rate for one-year Treasury bills is 5%. • What is the expected return on the market of small-company stocks? • Recall that the average excess return on small company common stocks for the period 1926 through 2005 was 13.6%. • Given a risk-free rate of 5%, we have an expect ...
Financial Institutions Instruments and Markets, 5th Edition
... 16. Financial institutions whose liabilities specify that, in return for the payment of periodic funds to the institution, the institution will make payments in the future (if and when a specified event occurs) are: A. money market corporations. B. unit trusts. C. contractual savings institutions. ...
... 16. Financial institutions whose liabilities specify that, in return for the payment of periodic funds to the institution, the institution will make payments in the future (if and when a specified event occurs) are: A. money market corporations. B. unit trusts. C. contractual savings institutions. ...
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.