UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... environmental equipment, computers and electronics, printing machinery, paint mixing machinery, packaging machinery, graphic arts and industrial manufacturing. Gast is based in Benton Harbor, Michigan, with additional facilities in England. In February 2006, IDEX acquired JUN-AIR International A/S ( ...
... environmental equipment, computers and electronics, printing machinery, paint mixing machinery, packaging machinery, graphic arts and industrial manufacturing. Gast is based in Benton Harbor, Michigan, with additional facilities in England. In February 2006, IDEX acquired JUN-AIR International A/S ( ...
NBER WORKING PAPER SERIES INTERGENERATIONAL REDISTRIBUTION IN THE GREAT RECESSION Andrew Glover
... and net worth (see Table 1). These profiles are constructed by averaging (using the SCF sample weights) across households partitioned into 10-year age groups. We divide total income into an asset-type income component, and a residual non-asset-income component which we call labor income.2 We make tw ...
... and net worth (see Table 1). These profiles are constructed by averaging (using the SCF sample weights) across households partitioned into 10-year age groups. We divide total income into an asset-type income component, and a residual non-asset-income component which we call labor income.2 We make tw ...
Does Housing Wealth Make Us Less Equal? The Role of
... must either increase the level of uncertainty with increases in wealth accumulation, alter the utility function, or restrict the budget constraint in a way which increases the precautionary motive of wealthy agents relative to the standard model. Cagetti and De Nardi (2003) use essentially the first ...
... must either increase the level of uncertainty with increases in wealth accumulation, alter the utility function, or restrict the budget constraint in a way which increases the precautionary motive of wealthy agents relative to the standard model. Cagetti and De Nardi (2003) use essentially the first ...
Financial Cycles with Heterogeneous Intermediaries
... in the intensive and the extensive margins generates both movements in aggregate leverage and asset pricing implications which are unusual in our models but seem to bear some resemblance with reality. Contemporaneously, output and consumption vary monotonically with the interest rate while the under ...
... in the intensive and the extensive margins generates both movements in aggregate leverage and asset pricing implications which are unusual in our models but seem to bear some resemblance with reality. Contemporaneously, output and consumption vary monotonically with the interest rate while the under ...
Is Default Risk Priced in Equity Returns?
... 2. ME, BM and Default Risk—Portfolio Approach This section uses portfolio groupings to investigate the relationship between the ME or BM effect and the default risk effect—as proxied by the CDSP. There are two hypotheses to test in this sample. One is whether each of these three effects exists. This ...
... 2. ME, BM and Default Risk—Portfolio Approach This section uses portfolio groupings to investigate the relationship between the ME or BM effect and the default risk effect—as proxied by the CDSP. There are two hypotheses to test in this sample. One is whether each of these three effects exists. This ...
DOC - Investor Relations
... subsidiary the “Company”) was incorporated on November 4, 2005 under the laws of Bermuda. Arden Re is a wholly owned subsidiary of Arden Holdings Ltd. (“Arden Holdings”), an insurance holding company incorporated in Bermuda. The Company’s operations are principally focused on catastrophe exposed pro ...
... subsidiary the “Company”) was incorporated on November 4, 2005 under the laws of Bermuda. Arden Re is a wholly owned subsidiary of Arden Holdings Ltd. (“Arden Holdings”), an insurance holding company incorporated in Bermuda. The Company’s operations are principally focused on catastrophe exposed pro ...
Comments on “When Do TIPS Prices Adjust to
... H3b: The firm tends to start paying a dividend if its covariance between the firm’s rate of return on equity and the firm’s growth rate is lower. ...
... H3b: The firm tends to start paying a dividend if its covariance between the firm’s rate of return on equity and the firm’s growth rate is lower. ...
SAST - SA JPMorgan MFS Core Bond Portfolio Summary
... companies may report poor results or be negatively affected by industry and/or economic trends and developments. Convertible Securities Risk. The values of the convertible securities in which the Portfolio may invest will be affected by market interest rates, the risk that the issuer may default on ...
... companies may report poor results or be negatively affected by industry and/or economic trends and developments. Convertible Securities Risk. The values of the convertible securities in which the Portfolio may invest will be affected by market interest rates, the risk that the issuer may default on ...
Do Tests of Capital Structure Theory Mean What They Say? ∗
... profitability is indeed positively related to leverage at the refinancing points, as one would expect since the model is based on a trade-off argument. In contrast, I show that in a dynamic economy cross-sectional tests produce a negative relationship. The basic intuition is simple: in a world of in ...
... profitability is indeed positively related to leverage at the refinancing points, as one would expect since the model is based on a trade-off argument. In contrast, I show that in a dynamic economy cross-sectional tests produce a negative relationship. The basic intuition is simple: in a world of in ...
NBER WORKING PAPER SERIES INTERNATIONAL CAPITAL FLOWS RETURNS AND WORLD FINANCIAL INTEGRATION
... The second important feature of the model concerns information. The equilibria we study are derived under the assumption that all households and firms have access to the same information regarding the current state of the world economy. While this common-knowledge assumption is standard in internati ...
... The second important feature of the model concerns information. The equilibria we study are derived under the assumption that all households and firms have access to the same information regarding the current state of the world economy. While this common-knowledge assumption is standard in internati ...
Document
... relevant if the bonds have been issued at a discount or premium. Interest is tax deductible. Thus, net income increases only by the after-tax amount of the interest expense. For example, assume that interest expense is $1,000 and the tax rate is 30%. If interest is not paid (because of the assumed ...
... relevant if the bonds have been issued at a discount or premium. Interest is tax deductible. Thus, net income increases only by the after-tax amount of the interest expense. For example, assume that interest expense is $1,000 and the tax rate is 30%. If interest is not paid (because of the assumed ...
Chapter 10 The Basics of Capital Budgeting: Evaluating Cash Flows
... a. Capital budgeting is the whole process of analyzing projects and deciding whether they should be included in the capital budget. This process is of fundamental importance to the success or failure of the firm as the fixed asset investment decisions chart the course of a company for many years int ...
... a. Capital budgeting is the whole process of analyzing projects and deciding whether they should be included in the capital budget. This process is of fundamental importance to the success or failure of the firm as the fixed asset investment decisions chart the course of a company for many years int ...
Frame - Frips
... in a unique and thought provoking fashion. My MBAE special topics project seeks to examine the behavioral processes practiced by Warren Buffett and Charlie Munger to: 1. avoid irrational behavior and 2. maximize long-term gains by successful decision making. This paper does not seek to prove what Bu ...
... in a unique and thought provoking fashion. My MBAE special topics project seeks to examine the behavioral processes practiced by Warren Buffett and Charlie Munger to: 1. avoid irrational behavior and 2. maximize long-term gains by successful decision making. This paper does not seek to prove what Bu ...
annual report - Skydive Australia
... The remuneration policy of Skydive the Beach Group Limited has been designed to align key management personnel (KMP) objectives with shareholder and business objectives by providing a fixed remuneration component and offering specific long-term incentives based on key performance areas affecting the ...
... The remuneration policy of Skydive the Beach Group Limited has been designed to align key management personnel (KMP) objectives with shareholder and business objectives by providing a fixed remuneration component and offering specific long-term incentives based on key performance areas affecting the ...
risk appetite renaissance - RBC Global Asset Management
... narrowly – for instance by probing the risk appetite of just a single sector of the economy, be it households or businesses or some aspect of the credit market. Other proxies for risk appetite are theory-heavy and anchored in impressive math and statistics, but lack a reliable real-world connection. ...
... narrowly – for instance by probing the risk appetite of just a single sector of the economy, be it households or businesses or some aspect of the credit market. Other proxies for risk appetite are theory-heavy and anchored in impressive math and statistics, but lack a reliable real-world connection. ...
Market and Public Liquidity
... there are at least two frictions that may disrupt this financing model. First, the originator may have private information about the underlying value of the asset. Second, both sides of the market must coordinate their portfolio composition decisions and the timing of their trades to generate maximu ...
... there are at least two frictions that may disrupt this financing model. First, the originator may have private information about the underlying value of the asset. Second, both sides of the market must coordinate their portfolio composition decisions and the timing of their trades to generate maximu ...
