What motivates entrepreneurs? - Business Economics and ICT
... be reduced. For example: undertaking initial (and ongoing) market research (discussed later in this unit). This is more likely to detect problems / weaknesses with particular decisions / strategies, as well as potential threats (eg new competition, changes in the economy affecting the level of custo ...
... be reduced. For example: undertaking initial (and ongoing) market research (discussed later in this unit). This is more likely to detect problems / weaknesses with particular decisions / strategies, as well as potential threats (eg new competition, changes in the economy affecting the level of custo ...
AB - Global Value Portfolio
... The Portfolio will invest in emerging markets, which are subject to higher risks (for example, liquidity risk, currency risk, political risk, regulatory risk and economic risk) and higher volatility than developed markets. Fluctuations in currency exchange rates may negatively affect the value of an ...
... The Portfolio will invest in emerging markets, which are subject to higher risks (for example, liquidity risk, currency risk, political risk, regulatory risk and economic risk) and higher volatility than developed markets. Fluctuations in currency exchange rates may negatively affect the value of an ...
NBER WORKING PAPER SERIES RATIONAL ASSET PRICES George M. Constantinides 8826
... level, we study the short-term risk-free rate, the term premium of long-term bonds over the risk-free rate, and the aggregate equity premium of the stock market over the risk-free rate. At the micro level, we study the premium of individual stock returns and of classes of stocks, such as the small-c ...
... level, we study the short-term risk-free rate, the term premium of long-term bonds over the risk-free rate, and the aggregate equity premium of the stock market over the risk-free rate. At the micro level, we study the premium of individual stock returns and of classes of stocks, such as the small-c ...
Is Quantitative Easing working?
... world economy, it is not necessarily bad news for equity returns. Income-seeking capital should help to support global equities. Deequitisation through share buybacks and cash bids should help to shrink global equity supply back down towards demand. With borrowing rates so low, buybacks and bids sho ...
... world economy, it is not necessarily bad news for equity returns. Income-seeking capital should help to support global equities. Deequitisation through share buybacks and cash bids should help to shrink global equity supply back down towards demand. With borrowing rates so low, buybacks and bids sho ...
Guidance Note
... positions in each time band will be subject to either the risk weightings set out in Table 2, if positions are reported using the maturity method, or the assumed changes in yield set out in Table 2, if positions are reported using the duration method, with no further offsets. Interest rate derivativ ...
... positions in each time band will be subject to either the risk weightings set out in Table 2, if positions are reported using the maturity method, or the assumed changes in yield set out in Table 2, if positions are reported using the duration method, with no further offsets. Interest rate derivativ ...
13: Asset Valuation: Equity Investments
... Which of the following is NOT a finding of academic studies that supports the use of the top-down valuation approach? ...
... Which of the following is NOT a finding of academic studies that supports the use of the top-down valuation approach? ...
Corporate Finance
... Primary: directional risks from taking a net long/short position in a given asset class o Interest rate / currency / equity / commodity Secondary: other o Volatility / spread / dividend o Many trading books are managed with the objective of reducing primary risks… at the expense of an increase ...
... Primary: directional risks from taking a net long/short position in a given asset class o Interest rate / currency / equity / commodity Secondary: other o Volatility / spread / dividend o Many trading books are managed with the objective of reducing primary risks… at the expense of an increase ...
GASB`s New Pension Standards: Setting the Record Straight
... lower than the assumed long-term return. However, an appropriate long-term investment return assumption will reflect the expected average earnings over a long period, even though it may not be the same as actual earnings in any particular single or short-term period. Governments will disclose inform ...
... lower than the assumed long-term return. However, an appropriate long-term investment return assumption will reflect the expected average earnings over a long period, even though it may not be the same as actual earnings in any particular single or short-term period. Governments will disclose inform ...
implied volatility - AlphaShark Trading
... At the time LLTC May 52.5 Calls were $.15 bid at $.25 offer, 500 up ...
... At the time LLTC May 52.5 Calls were $.15 bid at $.25 offer, 500 up ...
Long-Run Stock Returns: Participating in the
... opinions of investors and financial professionals garnered from broad surveys. In the work reported here, we used supplyside models. We first used this type of model in Diermeier, Ibbotson, and Siegel (1984). Numerous other authors have used supply-side models, usually with a focus on the Gordon (19 ...
... opinions of investors and financial professionals garnered from broad surveys. In the work reported here, we used supplyside models. We first used this type of model in Diermeier, Ibbotson, and Siegel (1984). Numerous other authors have used supply-side models, usually with a focus on the Gordon (19 ...
The Economy and Financial Markets
... Small cap stocks may be subject to a higher degree of risk than more established companies’ securities. The illiquidity of the small cap market may adversely affect the value of these investments. P/E Multiple: A tool for comparing the prices of different common stocks by assessing how much the mark ...
... Small cap stocks may be subject to a higher degree of risk than more established companies’ securities. The illiquidity of the small cap market may adversely affect the value of these investments. P/E Multiple: A tool for comparing the prices of different common stocks by assessing how much the mark ...
Upper bounds for the value of Bermudan options
... In this report I describe the results of the nine months project I did for the Quantitative Analytics Group within ABN AMRO. The project was the final piece of my study Applied Mathematics at the Delft University of Technology (TU Delft). I started with only some basic knowledge about stochastic dif ...
... In this report I describe the results of the nine months project I did for the Quantitative Analytics Group within ABN AMRO. The project was the final piece of my study Applied Mathematics at the Delft University of Technology (TU Delft). I started with only some basic knowledge about stochastic dif ...
Debt Equity Ratio - Sa-Dhan
... to leverage its equity is based on capital adequacy standards. It is important for all organisations to maintain a proper balance between debt and equity. If an MFI has a large amount of equity and very little debt, it is likely to limit its incomegenerating potential by not making use of external s ...
... to leverage its equity is based on capital adequacy standards. It is important for all organisations to maintain a proper balance between debt and equity. If an MFI has a large amount of equity and very little debt, it is likely to limit its incomegenerating potential by not making use of external s ...
exam1
... consolidated entities as a whole. c. The transaction meets certain tests as a foreign currency hedge. d. There are no conditions in which transactions between related parties can be accounted for as a hedge under SFAS 133. 25. (03 Points) Suppose General Electric uses the U.S. dollar as its function ...
... consolidated entities as a whole. c. The transaction meets certain tests as a foreign currency hedge. d. There are no conditions in which transactions between related parties can be accounted for as a hedge under SFAS 133. 25. (03 Points) Suppose General Electric uses the U.S. dollar as its function ...
Estimating the Expected Marginal Rate of Substitution: Exploiting
... where: β 0j is an asset-specific intercept, β i j is a set of I asset-specific factor coefficients and f i ,t a vector of time-varying factors. Both assumptions are common in the literature; Campbell, Lo and MacKinlay (1997) and Cochrane (2001) provide excellent discussions. With these two assumptio ...
... where: β 0j is an asset-specific intercept, β i j is a set of I asset-specific factor coefficients and f i ,t a vector of time-varying factors. Both assumptions are common in the literature; Campbell, Lo and MacKinlay (1997) and Cochrane (2001) provide excellent discussions. With these two assumptio ...
Think active can`t outperform? Think again
... funds resulted from this primary screen. Net-of-fee performance from the oldest share class was used to provide the longest available return history for each fund. Mutual fund sales loads were not included in the calculations for the analysis. High active share funds may potentially be more expensiv ...
... funds resulted from this primary screen. Net-of-fee performance from the oldest share class was used to provide the longest available return history for each fund. Mutual fund sales loads were not included in the calculations for the analysis. High active share funds may potentially be more expensiv ...
Document
... 2. Explain two alternative accounting options. 3. Describe the purpose of and procedures related to ...
... 2. Explain two alternative accounting options. 3. Describe the purpose of and procedures related to ...
Strategic Management: Text and Cases
... Shaw industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. ...
... Shaw industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. ...
Managing the Man Overboard Moment
... equivalent branches are directionally the same more than 80 percent of the time. For the other events, the directional overlap is close to 90 percent. The upside of adding refinements is that you can find a base rate that closely matches the case you are considering. The downside is that the sample ...
... equivalent branches are directionally the same more than 80 percent of the time. For the other events, the directional overlap is close to 90 percent. The upside of adding refinements is that you can find a base rate that closely matches the case you are considering. The downside is that the sample ...
Mid-Caps_An_Overlooked_Asset_Class - Updated through 12-31-13
... Correlation - Correlation measures the strength and direction of linear association between two variables. The range of values is from -1 to 1. A value of negative 1 indicates a perfectly negative linear relationship, whereas a value of positive 1 indicates a perfectly positive linear relationship. ...
... Correlation - Correlation measures the strength and direction of linear association between two variables. The range of values is from -1 to 1. A value of negative 1 indicates a perfectly negative linear relationship, whereas a value of positive 1 indicates a perfectly positive linear relationship. ...
the influence of the financial factors on cash flow, as determining
... Also, another financial factor, which has an influence on investment decisions adopted by the firm, is the leverage; more clearly, the higher leverage firms’ investments can be more sensitive to the cash flow than lower leverage firms’ investments. The cash flow is the only source of financing for t ...
... Also, another financial factor, which has an influence on investment decisions adopted by the firm, is the leverage; more clearly, the higher leverage firms’ investments can be more sensitive to the cash flow than lower leverage firms’ investments. The cash flow is the only source of financing for t ...
