Coherent Measures of Risk
... We use the representation results to suggest a specific coherent measure (Section 5.1) called tail conditional expectation, as well as to give an example of construction of a coherent measure out of measures on separate classes of risks, for example credit risk and market risk (Section 5.2). Our axi ...
... We use the representation results to suggest a specific coherent measure (Section 5.1) called tail conditional expectation, as well as to give an example of construction of a coherent measure out of measures on separate classes of risks, for example credit risk and market risk (Section 5.2). Our axi ...
NBER WORKING PAPER SERIES CAPITAL ACCOUNT LIBERALIZATION, INSTITUTIONS AND FINANCIAL
... 1900 on the liquid liabilities measures. When the specification involves five year growth rates, the number of observations is so small that we are unable to obtain any interesting results for this particular aspect of financial development, even though long term financing through bonds is likely to ...
... 1900 on the liquid liabilities measures. When the specification involves five year growth rates, the number of observations is so small that we are unable to obtain any interesting results for this particular aspect of financial development, even though long term financing through bonds is likely to ...
STUDY ON MERGERS: A RATIONALE FOR CONGLOMERATE MERGERS by NICOLAS S. MAJLUF Engineering, Universidad Catolica de Chile
... ABSTRACT Mergers are not a new phenomenon, but rather an on-going process in the business environment. They correspond to the combination of two (or more) firms into a unique business concern. This study is grounded on the notion that looking at mergers from a financial point of view may provide a v ...
... ABSTRACT Mergers are not a new phenomenon, but rather an on-going process in the business environment. They correspond to the combination of two (or more) firms into a unique business concern. This study is grounded on the notion that looking at mergers from a financial point of view may provide a v ...
Analysis of stock performance based on
... The objective of this thesis is to examine the validity of enterprise value/earnings before interest and tax (EV/EBIT) and return on invested capital (RoIC) as a screening tool to select stocks. The various ways of improving the selection process is an integral part of investing, and therefore this ...
... The objective of this thesis is to examine the validity of enterprise value/earnings before interest and tax (EV/EBIT) and return on invested capital (RoIC) as a screening tool to select stocks. The various ways of improving the selection process is an integral part of investing, and therefore this ...
Basel III Pillar 3 Regulatory Capital Disclosures
... surcharge (as described above) on those U.S. banking organizations that have been designated by the Financial Stability Board (FSB) as G-SIBs. Under the rule, we must annually calculate our surcharge under two methods and use the higher of the two surcharges. The first method will consider our size, ...
... surcharge (as described above) on those U.S. banking organizations that have been designated by the Financial Stability Board (FSB) as G-SIBs. Under the rule, we must annually calculate our surcharge under two methods and use the higher of the two surcharges. The first method will consider our size, ...
RADIUS GOLD INC. (Form: 20-F/A, Received: 11/04
... The Company’s financial position and its ability to finance obtain future financings may be adversely affected by fluctuations in securities markets; Additional equity financings may dilute the ownership interests of existing shareholders; If the Company is unable to retain key members of management ...
... The Company’s financial position and its ability to finance obtain future financings may be adversely affected by fluctuations in securities markets; Additional equity financings may dilute the ownership interests of existing shareholders; If the Company is unable to retain key members of management ...
ratios
... Before calculating the current ratio, the accounts receivable turnover and total assets turnover should be computed (calculated). The higher the total assets turnover ratio and accounts receivable turnover ratio the company requires less working capital and lower current ratio. The longer the operat ...
... Before calculating the current ratio, the accounts receivable turnover and total assets turnover should be computed (calculated). The higher the total assets turnover ratio and accounts receivable turnover ratio the company requires less working capital and lower current ratio. The longer the operat ...
Basel III Pillar 3 Regulatory Capital Disclosure Report 12.31.15
... “estimates,” “will,” “should,” “may” or words of similar meaning, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and cha ...
... “estimates,” “will,” “should,” “may” or words of similar meaning, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and cha ...
Zero Coupon Debentures Due 2028 $800,000,000 Freddie Mac
... return of their principal, including return of the accreted value to the optional redemption date, their market value could be adversely affected by changes in prevailing interest rates and the optional redemption feature. This effect on the market value could be magnified substantially in a rising ...
... return of their principal, including return of the accreted value to the optional redemption date, their market value could be adversely affected by changes in prevailing interest rates and the optional redemption feature. This effect on the market value could be magnified substantially in a rising ...
Using Cash Flow Dynamics to Price Thinly Traded Assets
... asset prices in the next period and changes in rational expectations of future dividend growth and future asset returns. The model thus allows both expected future cash flows and expected returns (discount rates) to influence asset prices, by playing a role in determining a yield. The challenge in ...
... asset prices in the next period and changes in rational expectations of future dividend growth and future asset returns. The model thus allows both expected future cash flows and expected returns (discount rates) to influence asset prices, by playing a role in determining a yield. The challenge in ...
CLUSTERING STOCK MARKET COMPANIES VIA K
... Dunn’s index (DI): This index is proposed to use for the identification of ‘‘compact and wellseparated clusters”. Large values indicate the presence of compact and well-separated clusters (Halkidi and Batistakis,2001; Nanda et al. 2010; Pakhira et al. 2004). R -Squared index (RS): This index is to m ...
... Dunn’s index (DI): This index is proposed to use for the identification of ‘‘compact and wellseparated clusters”. Large values indicate the presence of compact and well-separated clusters (Halkidi and Batistakis,2001; Nanda et al. 2010; Pakhira et al. 2004). R -Squared index (RS): This index is to m ...
Methods for recognition of actuarial gains and losses under IaS 19
... IAS 19 for the recognition of actuarial gains and losses • assessed the balance sheet impact of using the two IAS 19 full recognition methods, in contrast to the traditional corridor approach; and • conducted a benchmarking analysis of the most important actuarial assumptions, including the discou ...
... IAS 19 for the recognition of actuarial gains and losses • assessed the balance sheet impact of using the two IAS 19 full recognition methods, in contrast to the traditional corridor approach; and • conducted a benchmarking analysis of the most important actuarial assumptions, including the discou ...
