IPE EDHEC-Risk Research Insights Spring 2014
... smart factor indices by using diversified multi-strategy weighting on characteristics-based half universes – small size, high momentum, low volatility, and value. In this way, investors can i) manage systematic risks through explicit stock selection; and ii) diversify away strategy-specific risk by ...
... smart factor indices by using diversified multi-strategy weighting on characteristics-based half universes – small size, high momentum, low volatility, and value. In this way, investors can i) manage systematic risks through explicit stock selection; and ii) diversify away strategy-specific risk by ...
Do Institutional Investors Alleviate Agency Problems
... mix, which they use as a proxy for the life-cycle stage of a company, and dividends. Therefore, I follow them by using the earned/contributed equity mix defined as retained earnings to the book value of total equity to control for the life-cycle stage of the firm. Firm stock turnover is included as ...
... mix, which they use as a proxy for the life-cycle stage of a company, and dividends. Therefore, I follow them by using the earned/contributed equity mix defined as retained earnings to the book value of total equity to control for the life-cycle stage of the firm. Firm stock turnover is included as ...
Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333
... to purchase the notes should be made only after carefully considering the risks of an investment in the notes, including those discussed below, with your advisors in light of your particular circumstances. The notes are not an appropriate investment for you if you are not knowledgeable about signifi ...
... to purchase the notes should be made only after carefully considering the risks of an investment in the notes, including those discussed below, with your advisors in light of your particular circumstances. The notes are not an appropriate investment for you if you are not knowledgeable about signifi ...
NBER WORKING PAPER SERIES QUANTITATIVE IMPLICATION OF A DEBT-DEFLATION
... constraints. The paper develops a numerical solution method to explore these nonlinear dynamics using a recursive representation of the model’s competitive equilibrium. The quantitative results show that a baseline scenario calibrated to Mexican data and with minimal trading costs can produce revers ...
... constraints. The paper develops a numerical solution method to explore these nonlinear dynamics using a recursive representation of the model’s competitive equilibrium. The quantitative results show that a baseline scenario calibrated to Mexican data and with minimal trading costs can produce revers ...
Decimalization and market liquidity
... liquidity. Lower spreads and higher depth represent more liquidity. Higher spreads and lower depth signal less liquidity. I document that decimalization did lead to smaller spreads and lower depth, and thus caused a theoretically ambiguous change to market liquidity. Thus, to empirically address wh ...
... liquidity. Lower spreads and higher depth represent more liquidity. Higher spreads and lower depth signal less liquidity. I document that decimalization did lead to smaller spreads and lower depth, and thus caused a theoretically ambiguous change to market liquidity. Thus, to empirically address wh ...
Distress Anomaly and Shareholder Risk: International Evidence Assaf Eisdorfer
... There are multiple studies that use various accounting inputs to estimate a firm’s probability of going bankrupt in the short run. Those different models are usually constructed using a multiple discriminant analysis (see, for example, Altman (1968) and Aziz, Emanuel, and Lawson (1988)), or multiple ...
... There are multiple studies that use various accounting inputs to estimate a firm’s probability of going bankrupt in the short run. Those different models are usually constructed using a multiple discriminant analysis (see, for example, Altman (1968) and Aziz, Emanuel, and Lawson (1988)), or multiple ...
The Brilliant Mind of Investors
... better financial literacy increases wealth. They also note that one of the important financial decisions - the decision about investing into the stock market is dependent on the financial literacy. They bring out that people, who are participating in the stock market have a possibility to benefit fr ...
... better financial literacy increases wealth. They also note that one of the important financial decisions - the decision about investing into the stock market is dependent on the financial literacy. They bring out that people, who are participating in the stock market have a possibility to benefit fr ...
SM_Ch06
... auditee’s business. This includes ‘company-level’ or ‘management controls’ as well as control over business processes, information systems and financial statements . There are various frameworks an auditor can choose from, and usually an audit firm will develop a version for use by its audit teams. ...
... auditee’s business. This includes ‘company-level’ or ‘management controls’ as well as control over business processes, information systems and financial statements . There are various frameworks an auditor can choose from, and usually an audit firm will develop a version for use by its audit teams. ...
An Analysis of Bonus Share Issued and its Impact on Share price
... already owns. The issue of bonus shares increases the total number of shares issued and owned, it does not increase the value of the company, although the totalnumber of issued shares increases, the ratio of number of shares held by each shareholder remains constant.A bonus issue (or scrip issue) is ...
... already owns. The issue of bonus shares increases the total number of shares issued and owned, it does not increase the value of the company, although the totalnumber of issued shares increases, the ratio of number of shares held by each shareholder remains constant.A bonus issue (or scrip issue) is ...
Financial distress, reorganization and corporate performance
... uncollateralised assets (i.e. not given as security) to total assets. The coalition behaviour model suggests that parties interested in pursuing reorganisation may implement various strategies to secure additional funds. For example, equity holders may give up their remaining claim over the company' ...
... uncollateralised assets (i.e. not given as security) to total assets. The coalition behaviour model suggests that parties interested in pursuing reorganisation may implement various strategies to secure additional funds. For example, equity holders may give up their remaining claim over the company' ...
NBER WORKING PAPER SERIES COST OF EQUITY CAPITAL?
... investors’ supply of capital as an increasing function of required expected return by investors, i.e., S rr 0 . To focus on the effect of changes in tax rate, we assume there is no asymmetric information. To illustrate the effect of taxes on investment income, we start with no taxation of inves ...
... investors’ supply of capital as an increasing function of required expected return by investors, i.e., S rr 0 . To focus on the effect of changes in tax rate, we assume there is no asymmetric information. To illustrate the effect of taxes on investment income, we start with no taxation of inves ...
For personal use only
... The Company had a workforce of 43 at 30 June 2015 which has now increased to 50 at the time of this report. Such a growth has allowed the technical team to focus on de-risking the technical areas that were highlighted in the prospectus. The team has established a robust development engineering depar ...
... The Company had a workforce of 43 at 30 June 2015 which has now increased to 50 at the time of this report. Such a growth has allowed the technical team to focus on de-risking the technical areas that were highlighted in the prospectus. The team has established a robust development engineering depar ...
6 GUIDELINES TO EMPOWER FINANCIAL DECISION
... financed by firms through retained earnings, young and fast-growing firms in particular are dependent on external finance. This financing can come in the form of either debt or equity finance. These forms of finance are distributed by different financial institutions so it is important for a firm to ...
... financed by firms through retained earnings, young and fast-growing firms in particular are dependent on external finance. This financing can come in the form of either debt or equity finance. These forms of finance are distributed by different financial institutions so it is important for a firm to ...
FREE Sample Here - We can offer most test bank and
... LOC: Understand the role of the finance function TOP: Expensive and unnecessary corporate diversification ...
... LOC: Understand the role of the finance function TOP: Expensive and unnecessary corporate diversification ...
1 PRO FORMA PRELIMINARY CONDENSED CONSOLIDATED
... potential synergies or cost savings nor any normalisation adjustments or any additional future expenses that could result from the Merger. Furthermore, the Pro forma financial information does not contain any potential or future effects resulting from any possible remedies imposed on the Group by au ...
... potential synergies or cost savings nor any normalisation adjustments or any additional future expenses that could result from the Merger. Furthermore, the Pro forma financial information does not contain any potential or future effects resulting from any possible remedies imposed on the Group by au ...
Does Financial Constraint Affect Shareholder Taxes and the
... qualified retirement plans, including pensions, IRAs and 401(k)), tax-exempt organizations, corporations, and foreigners, among other non-individual shareholders. As discussed below, we recognize that this measure is not without controversy (see Guenther and Sansing, 2006, 2010). However, we use thi ...
... qualified retirement plans, including pensions, IRAs and 401(k)), tax-exempt organizations, corporations, and foreigners, among other non-individual shareholders. As discussed below, we recognize that this measure is not without controversy (see Guenther and Sansing, 2006, 2010). However, we use thi ...
