Public real estate and the term structure of interest rates
... between papers such as Glascock et al. (2000) and Cheong et al. (2009) who analyse fixed income index data and studies such as Devaney (2001), He et al. (2003) and Stevenson et al. (2007) that based their analysis on either market interest rates or bond yields. While the aforementioned studies provi ...
... between papers such as Glascock et al. (2000) and Cheong et al. (2009) who analyse fixed income index data and studies such as Devaney (2001), He et al. (2003) and Stevenson et al. (2007) that based their analysis on either market interest rates or bond yields. While the aforementioned studies provi ...
How Do Mergers Create Value? A Comparison of Taxes, Market
... reductions in investments. If mergers are undertaken due to tax reasons, we will expect them to create value primarily due to financial synergies. In contrast, mergers that result primarily in increased market power for the merging firms would create higher operating profits due to revenue increases/co ...
... reductions in investments. If mergers are undertaken due to tax reasons, we will expect them to create value primarily due to financial synergies. In contrast, mergers that result primarily in increased market power for the merging firms would create higher operating profits due to revenue increases/co ...
Regulatory Sanctions and Reputational Damage in Financial Markets
... probability of enforcement. w can be earned at the expense of the firm’s own customers and investors (causing loss to such ‘second parties’, s, who trade with the firm) or third parties (such as other firms, market participants and the general public, which we denote t).1 Put in legal terms, this di ...
... probability of enforcement. w can be earned at the expense of the firm’s own customers and investors (causing loss to such ‘second parties’, s, who trade with the firm) or third parties (such as other firms, market participants and the general public, which we denote t).1 Put in legal terms, this di ...
Templeton Global Balanced Fund Annual Report
... Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to frank ...
... Performance data represent past performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to frank ...
Two and Twenty - New York University Law Review
... Private equity fund managers take a share of the profits of the partnership as the equity portion of their compensation. The tax rules for compensating general partners create a planning opportunity for managers who receive the industry standard “two and twenty” (a two percent management fee and twe ...
... Private equity fund managers take a share of the profits of the partnership as the equity portion of their compensation. The tax rules for compensating general partners create a planning opportunity for managers who receive the industry standard “two and twenty” (a two percent management fee and twe ...
FORM 10-Q - Investor Overview
... Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as “may,” “might,” “will,” “would,” “could,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “possible,” “potential,” “intend,” “seek” or “continue,” t ...
... Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as “may,” “might,” “will,” “would,” “could,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “possible,” “potential,” “intend,” “seek” or “continue,” t ...
Dreyfus Variable Investment Fund: Quality Bond Portfolio
... An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money. • ...
... An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money. • ...
Capital Structure Decision
... The type of securities that the investors prepare to buy is an important factor determining the type of securities shall be issued. (V) Maintaining maneuverability for commercial strategy: Maneuverability refers to the firm ability to either increasing or decreasing its sources of funds in response ...
... The type of securities that the investors prepare to buy is an important factor determining the type of securities shall be issued. (V) Maintaining maneuverability for commercial strategy: Maneuverability refers to the firm ability to either increasing or decreasing its sources of funds in response ...
Chapter 11
... came up with an “entire bug colony destroying” device that had a return of 12 percent. The Chief Financial Officer, Mr. Roach, told him it was impractical because it would require the issuance of common stock at a cost of 13.5 percent to finance the purchase. Is the company following a logical appro ...
... came up with an “entire bug colony destroying” device that had a return of 12 percent. The Chief Financial Officer, Mr. Roach, told him it was impractical because it would require the issuance of common stock at a cost of 13.5 percent to finance the purchase. Is the company following a logical appro ...
A Model-Based Approach to Constructing Corporate Bond Portfolios
... assessing default risk, another important application of the EDF model is valuing credit instruments, which leads to Moody’s Analytics’ Fair-value Spread framework. The FVS framework produces a modeled credit spread for a bond using inputs such as its EDF credit measure, loss given default (LGD), an ...
... assessing default risk, another important application of the EDF model is valuing credit instruments, which leads to Moody’s Analytics’ Fair-value Spread framework. The FVS framework produces a modeled credit spread for a bond using inputs such as its EDF credit measure, loss given default (LGD), an ...
Student Study Notes - Chapter 5
... There are two methods that are used in calculating and reporting the amount of cash flow from operating activities on the statement of cash flows: the indirect method and the direct method. Although both produce identical results, the indirect method is more popular because it more easily reconciles ...
... There are two methods that are used in calculating and reporting the amount of cash flow from operating activities on the statement of cash flows: the indirect method and the direct method. Although both produce identical results, the indirect method is more popular because it more easily reconciles ...
Two Agency-Cost Explanations of Dividends
... Dividends can serve as signals (information content of dividends): o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for ...
... Dividends can serve as signals (information content of dividends): o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for ...
Implied Volatility Sentiment: A Tale of Two Tails
... One characteristic of the literature that analyzes the informational content of IV skews is that it evaluates index puts’ IV skews and single stock calls’ IV skews completely separated from each other. Our second contribution is that we are, to the best of our knowledge, the first in the literature ...
... One characteristic of the literature that analyzes the informational content of IV skews is that it evaluates index puts’ IV skews and single stock calls’ IV skews completely separated from each other. Our second contribution is that we are, to the best of our knowledge, the first in the literature ...
Brand equity, Age and the number of employees are in all models
... has been made in Europe and the United States of America. By using a linear regression model the relationship between the attitudinal measures and firm value for international brands is examined. Company measures are used as control variables. A highly significant positive relationship is found for ...
... has been made in Europe and the United States of America. By using a linear regression model the relationship between the attitudinal measures and firm value for international brands is examined. Company measures are used as control variables. A highly significant positive relationship is found for ...
Ashmore Emerging Markets Liquid Investment Portfolio Ashmore
... reach an agreement with holdout investors and was forced into a technical default by missing the 30 day grace period for the coupon on its 2033 discount bonds. Despite this, its bonds rallied 4% over the month, reflecting the expectation that ultimately Argentina will service its debt in spite of th ...
... reach an agreement with holdout investors and was forced into a technical default by missing the 30 day grace period for the coupon on its 2033 discount bonds. Despite this, its bonds rallied 4% over the month, reflecting the expectation that ultimately Argentina will service its debt in spite of th ...