Ineffi cient Investment Waves - The University of Chicago Booth
... We call their long-term risky asset capital, and their liquid asset holdings cash. Capital stands for certain …xed investment in long-term risky technology, which produces stochastic ‡ows in cash. Cash can be stored safely, exchanged for consumption goods, or used to build new capital at a constant ...
... We call their long-term risky asset capital, and their liquid asset holdings cash. Capital stands for certain …xed investment in long-term risky technology, which produces stochastic ‡ows in cash. Cash can be stored safely, exchanged for consumption goods, or used to build new capital at a constant ...
Do Mergers and Acquisitions Create Shareholder Wealth In The
... Whether acquiring company shareholders experience a wealth effect from mergers and acquisitions is a matter of ongoing debate among academic researchers[1]. Some argue that mergers and acquisitions (M&A) create synergies that benefit both the acquiring company and the consumers (e.g., Weston, Mitche ...
... Whether acquiring company shareholders experience a wealth effect from mergers and acquisitions is a matter of ongoing debate among academic researchers[1]. Some argue that mergers and acquisitions (M&A) create synergies that benefit both the acquiring company and the consumers (e.g., Weston, Mitche ...
Semi-Annual Report
... reimburse expenses of each Fund to maintain designated expense ratios through April 30, 2017. This expense limitation excludes interest, taxes, brokerage commissions, indirect fees and expenses related to investments in other investment companies, including money market funds, and extraordinary expe ...
... reimburse expenses of each Fund to maintain designated expense ratios through April 30, 2017. This expense limitation excludes interest, taxes, brokerage commissions, indirect fees and expenses related to investments in other investment companies, including money market funds, and extraordinary expe ...
The Community Reinvestment Act, Bank
... A bank may choose to develop its own strategic plan to be evaluated by rather than use the defined standards. Such a plan must be open to public comment and must be approved by the bank's federal regulatory agency before it can go into effect. Very few banks are using the strategic plan method of co ...
... A bank may choose to develop its own strategic plan to be evaluated by rather than use the defined standards. Such a plan must be open to public comment and must be approved by the bank's federal regulatory agency before it can go into effect. Very few banks are using the strategic plan method of co ...
Cost Approach Inconsistencies
... buying properties over cost. In a market characterized by relatively low rental rates relative to market rental rates, the rates must out-pace inflation if new product is to be built. This could be seen in the over-built markets of the 1980’s when rates declined by 50% or greater. The rates had to i ...
... buying properties over cost. In a market characterized by relatively low rental rates relative to market rental rates, the rates must out-pace inflation if new product is to be built. This could be seen in the over-built markets of the 1980’s when rates declined by 50% or greater. The rates had to i ...
overweight - TD Ameritrade
... * The S&P Capital IQ Investment Policy Committee’s asset allocations are based on market expectations and are subject to change. The Highest Scoring ETFs by Asset Grouping listed above are based on their Overall S&P ETF Ranking. No consideration was given to non-ranking issues as amount of assets un ...
... * The S&P Capital IQ Investment Policy Committee’s asset allocations are based on market expectations and are subject to change. The Highest Scoring ETFs by Asset Grouping listed above are based on their Overall S&P ETF Ranking. No consideration was given to non-ranking issues as amount of assets un ...
Communicating Asset Risk: How Name
... from the United States (Ohio State University, n = 120) and Germany (Universität Mannheim, n = 120) who were asked to respond to a series of judgment and decision tasks related to financial investing, in return for a payment of $10 in the United States or 15 DM in Germany. Average response time was ...
... from the United States (Ohio State University, n = 120) and Germany (Universität Mannheim, n = 120) who were asked to respond to a series of judgment and decision tasks related to financial investing, in return for a payment of $10 in the United States or 15 DM in Germany. Average response time was ...
On the Relation between Capital Flows and the Current
... their sample period misses the period of increased financial market integration, due to which capital flows have been rapidly growing (Lane 2013). Therefore we could expect the opposite finding from Fry et al. (1995): with positive growth expectations and less uncertainty during business cycle ups, ...
... their sample period misses the period of increased financial market integration, due to which capital flows have been rapidly growing (Lane 2013). Therefore we could expect the opposite finding from Fry et al. (1995): with positive growth expectations and less uncertainty during business cycle ups, ...
Deutsche Bundesbank - Annual Report
... To avert that risk, creditors and debtors alike are to be made increasingly accountable in future. They, too, must do their bit towards overcoming crises ± for instance, by means of voluntary rescheduling agreements. The crises in eastern Asia, viewed in isolation, have certainly curbed the growth p ...
... To avert that risk, creditors and debtors alike are to be made increasingly accountable in future. They, too, must do their bit towards overcoming crises ± for instance, by means of voluntary rescheduling agreements. The crises in eastern Asia, viewed in isolation, have certainly curbed the growth p ...
PDF - The Institute of International Finance
... • The scope and magnitude of regulatory reform facing the financial sector are very significant, affecting most aspects of financial firms’ behavior (see Section 1, page 17). While supporting the need for reforms, we believe that further considerable attention should be given to their design. New r ...
... • The scope and magnitude of regulatory reform facing the financial sector are very significant, affecting most aspects of financial firms’ behavior (see Section 1, page 17). While supporting the need for reforms, we believe that further considerable attention should be given to their design. New r ...
Fintech and Disruptive Business Models in Financial Products
... Empirical research has found that cost-savings for financial institutions derived from financial innovation are often passed onto investors and borrowers.32 Financial innovation that transforms asset characteristics such as in terms of liquidity and marketability also help in broadening financing op ...
... Empirical research has found that cost-savings for financial institutions derived from financial innovation are often passed onto investors and borrowers.32 Financial innovation that transforms asset characteristics such as in terms of liquidity and marketability also help in broadening financing op ...
Capital Directions
... may be planning to change careers; maybe you’re caring for an aging parent; or perhaps one of your children has special needs that will affect your future financial plans. All of these considerations are incorporated into developing your personalized investment strategy. Your Financial Advisor will ...
... may be planning to change careers; maybe you’re caring for an aging parent; or perhaps one of your children has special needs that will affect your future financial plans. All of these considerations are incorporated into developing your personalized investment strategy. Your Financial Advisor will ...
The Adoption of IFRS in the EU and New Zealand
... investors (similar to the Anglo-Saxon orientation). Also, group accounts in particular, which have been largely neglected prior to the implementation of the Seventh Directive in countries such as Austria, Belgium, Greece, Italy and Spain, have gradually become more recognised as a solid basis for bu ...
... investors (similar to the Anglo-Saxon orientation). Also, group accounts in particular, which have been largely neglected prior to the implementation of the Seventh Directive in countries such as Austria, Belgium, Greece, Italy and Spain, have gradually become more recognised as a solid basis for bu ...
IM Regulatory Review - Eversheds Sutherland
... with the adviser is the issuer or is an underwriter of the security. The rule includes one exception—an adviser may rely on the rule for trades in which the adviser or a control person is an underwriter of nonconvertible investment-grade debt securities. Rule 206(3)-3T(b) clarifies that the rule do ...
... with the adviser is the issuer or is an underwriter of the security. The rule includes one exception—an adviser may rely on the rule for trades in which the adviser or a control person is an underwriter of nonconvertible investment-grade debt securities. Rule 206(3)-3T(b) clarifies that the rule do ...
Institutional Investors and Corporate Behavior
... to perceptions of poor performance. Except in highly publicized cases involving allegations of excessive executive compensation, dysfunctional boards, or fraud, it is generally only after firms are identified as troubled or as longterm underperformers that governance practices are given more than ro ...
... to perceptions of poor performance. Except in highly publicized cases involving allegations of excessive executive compensation, dysfunctional boards, or fraud, it is generally only after firms are identified as troubled or as longterm underperformers that governance practices are given more than ro ...
Outside Liquidity, Rollover Risk, and Government Bonds
... public claims are free from such risk. Satisfying liquidity needs by selling government securities in exchange for outside liquidity (referred to as public outside liquidity) may thus enhance efficiency and stability. We derive our results from a banking model in the tradition of Diamond and Dybvig ...
... public claims are free from such risk. Satisfying liquidity needs by selling government securities in exchange for outside liquidity (referred to as public outside liquidity) may thus enhance efficiency and stability. We derive our results from a banking model in the tradition of Diamond and Dybvig ...
Fear of the Unknown: Familiarity and Economic Decisions
... of prices within which the familiarity-biased investors do not trade. In equilibrium, familiarity-biased investors’ trade depends on the uncertainty about expected stock returns. When the degree of uncertainty is either very low or very high for both countries, the effects of familiarity bias on sto ...
... of prices within which the familiarity-biased investors do not trade. In equilibrium, familiarity-biased investors’ trade depends on the uncertainty about expected stock returns. When the degree of uncertainty is either very low or very high for both countries, the effects of familiarity bias on sto ...
CEE Banking_May14.indd - Raiffeisen Bank International AG
... invigorate its export sector, which has contributed substantially to growth over the last two years. Serbia’s growth performance has also been passable, while on the back of a standstill in terms of structural reforms and a low degree of overall competitiveness, Croatia is still mired in a recession ...
... invigorate its export sector, which has contributed substantially to growth over the last two years. Serbia’s growth performance has also been passable, while on the back of a standstill in terms of structural reforms and a low degree of overall competitiveness, Croatia is still mired in a recession ...
Challenges facing venture capitalists in developing economies
... research support for the industry and poor record keeping of SMEs in Ghana. For instance, VCs expressed worry about apparent lack of reliable industry data for VC investment valuation. These findings however responded positively to the research question of whether policy directions and regulatory en ...
... research support for the industry and poor record keeping of SMEs in Ghana. For instance, VCs expressed worry about apparent lack of reliable industry data for VC investment valuation. These findings however responded positively to the research question of whether policy directions and regulatory en ...
DNB Group - Digital, Regulation and Macro Challenges
... 1) Normalised levels are around 20 bps of EaD (exposure at default), which corresponds to losses of approx. NOK 4 billion. ...
... 1) Normalised levels are around 20 bps of EaD (exposure at default), which corresponds to losses of approx. NOK 4 billion. ...
Bank Capital, Nonbank Finance, and Real Estate Activity
... market activity from reduced supplies of bank credit. These alternative lenders may have been under less capital pressure than commercial banks because they had suffered fewer loan losses in the recent past, did not have to contend with such severe increases in the effective amount of capital superv ...
... market activity from reduced supplies of bank credit. These alternative lenders may have been under less capital pressure than commercial banks because they had suffered fewer loan losses in the recent past, did not have to contend with such severe increases in the effective amount of capital superv ...
Download attachment
... scarce resources, Nielsen & Morgan, 2005), the financial industry itself prefers to rely on the state to incentivise, pressurise or force the public to save in equity-based schemes and for the state to be a source of compensation should problems arise. At the same time, the financial industry prefers ...
... scarce resources, Nielsen & Morgan, 2005), the financial industry itself prefers to rely on the state to incentivise, pressurise or force the public to save in equity-based schemes and for the state to be a source of compensation should problems arise. At the same time, the financial industry prefers ...
Chapter 15: Raising Capital
... Prospectus: legal document describing details of the issuing corporation and the proposed offering to potential investors. The “preliminary” prospectus is sometimes called a Red Herring: (in part because bold red letters are printed on the cover) A preliminary prospectus distributed to prospective i ...
... Prospectus: legal document describing details of the issuing corporation and the proposed offering to potential investors. The “preliminary” prospectus is sometimes called a Red Herring: (in part because bold red letters are printed on the cover) A preliminary prospectus distributed to prospective i ...
Research on Using Requirement Factor Model Method to Ascertain
... town dweller enlarge 25 per capita from less than 5 ,creating nonexistent wonder in urbanization history all over the world in the past more than 200 years. And importance and effect of realty business throw into relief among national economy. But realty business on the developing process exposed mu ...
... town dweller enlarge 25 per capita from less than 5 ,creating nonexistent wonder in urbanization history all over the world in the past more than 200 years. And importance and effect of realty business throw into relief among national economy. But realty business on the developing process exposed mu ...
CoreLogic–TEG Rewards
... declines over the coming twelve month period. From a rental market perspective, only 12% of survey respondents are expecting weekly rents to fall over the next twelve months despite the CoreLogic rental series showing the weakest rental conditions in at least two decades. Less than one quarter of re ...
... declines over the coming twelve month period. From a rental market perspective, only 12% of survey respondents are expecting weekly rents to fall over the next twelve months despite the CoreLogic rental series showing the weakest rental conditions in at least two decades. Less than one quarter of re ...
Land banking
Land banking is the practice of aggregating parcels of land for future sale or development.While in many countries land banking may refer to various private real-estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities purposed with managing an inventory of surplus land.