Staged Privatization: A Market Process with Multistage Lockups
... In a share issue privatization (SIP), the government sells equity shares to the pubic. The government may sell a fraction or all of a SOE in any of these methods. Megginson-Nash-NetterPoulsen (2004) present various arguments for a government’s choice of a privatization method, including market condi ...
... In a share issue privatization (SIP), the government sells equity shares to the pubic. The government may sell a fraction or all of a SOE in any of these methods. Megginson-Nash-NetterPoulsen (2004) present various arguments for a government’s choice of a privatization method, including market condi ...
Developing Annuities Markets The Experience of Chile
... The reported annuity rate in Chile has been calculated with an outdated mortality table, the RV-85, which implies an underestimation of the true or effective annuity rate. Asset Margin The hidden margin held by life insurance companies as a result of valuating assets at book value on their balance s ...
... The reported annuity rate in Chile has been calculated with an outdated mortality table, the RV-85, which implies an underestimation of the true or effective annuity rate. Asset Margin The hidden margin held by life insurance companies as a result of valuating assets at book value on their balance s ...
Introduction to Credit Risk Modeling, An
... Situations as the one described in the introduction suggest the need of a loss protection in terms of an insurance, as one knows it from car or health insurances. Moreover, history shows that even good customers have a potential to default on their financial obligations, such that an insurance for n ...
... Situations as the one described in the introduction suggest the need of a loss protection in terms of an insurance, as one knows it from car or health insurances. Moreover, history shows that even good customers have a potential to default on their financial obligations, such that an insurance for n ...
DOC - Investis
... Review and Prospects — Results of Operations — Liquidity, Foreign Exchange and Capital Resources — Indebtedness” and Note 13 to our consolidated year-end financial statements. (7) Capital expenditures are those investments made by us in property, plant and equipment. The exchange rate used in transl ...
... Review and Prospects — Results of Operations — Liquidity, Foreign Exchange and Capital Resources — Indebtedness” and Note 13 to our consolidated year-end financial statements. (7) Capital expenditures are those investments made by us in property, plant and equipment. The exchange rate used in transl ...
Investment Appraisal of an Animal Feed Plant in South
... competition with existing domestic suppliers. At the same time most of the inputs into the feed milling and mixing process are internationally traded, as is the capital equipment used. This case is a good illustration of the perils of the public sector subsidizing private foreign investments, when t ...
... competition with existing domestic suppliers. At the same time most of the inputs into the feed milling and mixing process are internationally traded, as is the capital equipment used. This case is a good illustration of the perils of the public sector subsidizing private foreign investments, when t ...
What is the information content of dividend changes
... change firms before and after the dividend change announcement. Consistent with our prediction, we find that dividend-decreasing firms experience a significant increase in their information risk beta after dividend change announcement. Consistent with Grullon et al, we also find significant increas ...
... change firms before and after the dividend change announcement. Consistent with our prediction, we find that dividend-decreasing firms experience a significant increase in their information risk beta after dividend change announcement. Consistent with Grullon et al, we also find significant increas ...
Nomad Foods Ltd (Form: POS AM, Received: 04/20/2016
... We obtained the industry, market and competitive position data throughout this prospectus from our own internal estimates and research as well as from industry and general publications and research, surveys and studies conducted by Euromonitor. Industry surveys and publications generally state that ...
... We obtained the industry, market and competitive position data throughout this prospectus from our own internal estimates and research as well as from industry and general publications and research, surveys and studies conducted by Euromonitor. Industry surveys and publications generally state that ...
ESG version 5_A4:Layout 1.qxd
... that the majority of a fund’s returns are driven by market exposure or systematic risk. ESG Beta is about getting better risk-adjusted returns from that market exposure by removing inefficiencies and costs associated with poor management of ESG issues, thereby benefiting the collective investments o ...
... that the majority of a fund’s returns are driven by market exposure or systematic risk. ESG Beta is about getting better risk-adjusted returns from that market exposure by removing inefficiencies and costs associated with poor management of ESG issues, thereby benefiting the collective investments o ...
Low volatility anomaly and mutual fund allocations - Aalto
... relative to their risk, but that low risk assets – either low volatility or low beta assets – actually outperform high risk assets within several different assets classes. The outperformance of low risk assets, or the so-called low risk anomaly, is observed primarily in terms of risk-adjusted return ...
... relative to their risk, but that low risk assets – either low volatility or low beta assets – actually outperform high risk assets within several different assets classes. The outperformance of low risk assets, or the so-called low risk anomaly, is observed primarily in terms of risk-adjusted return ...
Lafarge - Annual Report 2014 (Cover)
... Chhatak Sunamganj is the only fully integrated dry process cement plant in Bangladesh where high premium quality clinker (a semi finished product needed to produce cement) and cement are produced utilizing sophisticated and stateof-the-art machineries and processes. The Company’s ability to produce ...
... Chhatak Sunamganj is the only fully integrated dry process cement plant in Bangladesh where high premium quality clinker (a semi finished product needed to produce cement) and cement are produced utilizing sophisticated and stateof-the-art machineries and processes. The Company’s ability to produce ...
Word - corporate
... combined throughput capacity of approximately 3.1 million barrels per day. Our refineries produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel, low-sulfur diesel, ultra-low-sulfur diesel, CARB diesel, other distil ...
... combined throughput capacity of approximately 3.1 million barrels per day. Our refineries produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel, low-sulfur diesel, ultra-low-sulfur diesel, CARB diesel, other distil ...
Grubhub`s annual report
... is the leading online and mobile platform for restaurant pick-up and delivery orders, which the Company refers to as takeout. The Company connects more than 40,000 local restaurants with hungry diners in more than 1,000 cities across the United States and is focused on transforming the takeout exper ...
... is the leading online and mobile platform for restaurant pick-up and delivery orders, which the Company refers to as takeout. The Company connects more than 40,000 local restaurants with hungry diners in more than 1,000 cities across the United States and is focused on transforming the takeout exper ...
Annual Report 2014 - British American Tobacco
... of the Directors in connection with this report shall be subject to the limitations and restrictions provided by such law. The Annual Report is published on www.bat.com. A printed copy is mailed to shareholders on the UK main register who have elected to receive it. Otherwise, shareholders are notif ...
... of the Directors in connection with this report shall be subject to the limitations and restrictions provided by such law. The Annual Report is published on www.bat.com. A printed copy is mailed to shareholders on the UK main register who have elected to receive it. Otherwise, shareholders are notif ...
ORCHIDS PAPER PRODUCTS COMPANY 2015 ANNUAL
... Item 6. Selected Financial Data ..................................................................................................................................... Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations ............................. Item 7A. Q ...
... Item 6. Selected Financial Data ..................................................................................................................................... Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations ............................. Item 7A. Q ...
LIBBEY INC - cloudfront.net
... projections, and the beliefs and assumptions of our management. Words such as “expect,” “anticipate,” “target,” “believe,” “intend,” “may,” “planned,” “potential,” “should,” “will,” “would,” variations of such words, and similar expressions are intended to identify these forward-looking statements. ...
... projections, and the beliefs and assumptions of our management. Words such as “expect,” “anticipate,” “target,” “believe,” “intend,” “may,” “planned,” “potential,” “should,” “will,” “would,” variations of such words, and similar expressions are intended to identify these forward-looking statements. ...
The Usefulness of Derivative Disclosures by Chinese Listed
... governance system including the issuing of financial reporting rules for companies to disclose their derivative activities. By far derivativ~s research has predominately been based on western developed economies; little has been known about reporting and disclosing of derivatives from developing eco ...
... governance system including the issuing of financial reporting rules for companies to disclose their derivative activities. By far derivativ~s research has predominately been based on western developed economies; little has been known about reporting and disclosing of derivatives from developing eco ...
The required return on equity under a foundation model
... eliminating the silo approach that focused separately on each individual parameter; and b. Requiring the AER to have regard to all relevant approaches and evidence – seeking to eliminate the focus on a single model (the Sharpe-Lintner CAPM) that could be used without having regard to a weight of evi ...
... eliminating the silo approach that focused separately on each individual parameter; and b. Requiring the AER to have regard to all relevant approaches and evidence – seeking to eliminate the focus on a single model (the Sharpe-Lintner CAPM) that could be used without having regard to a weight of evi ...
Liquidity Crises, Liquidity Lines and Sovereign Risk December 2015
... temporarily excluded from the financial markets and cannot issue new debt. Furthermore, a defaulting government cannot rollover its debt accrued from liquidity lines and has to honor these obligations but does not repay its dues from long-term bonds. In order to capture the essence of the discussion ...
... temporarily excluded from the financial markets and cannot issue new debt. Furthermore, a defaulting government cannot rollover its debt accrued from liquidity lines and has to honor these obligations but does not repay its dues from long-term bonds. In order to capture the essence of the discussion ...