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New risks. New insights.
New risks. New insights.

... Holdings-based analysis, a pillar of BlackRock’s risk-first approach, helps us better understand the real-time risk profile of the portfolio — based on current holdings instead of past returns. This technique is designed to complement other returns-based methodologies and help advisors in two keys w ...
Annual Report 2015 Deutsche Bahn Finance B.V. Amsterdam
Annual Report 2015 Deutsche Bahn Finance B.V. Amsterdam

NBER WORKING PAPER SERIES MONETARY POLICY IN A FINANCIAL CRISIS Christopher Gust
NBER WORKING PAPER SERIES MONETARY POLICY IN A FINANCIAL CRISIS Christopher Gust

... international debt, B, is higher while the collateral constraint is binding, and the economy responds by increasing the current account and paying down the debt. In the new steady state the debt is reduced to the point where the collateral constraint is marginally nonbinding. That is, the collateral ...
Ownership Concentration and Corporate Performance
Ownership Concentration and Corporate Performance

... median, the minimum value for the largest owner's holding is 0 (that is, there are firms in which no owner holds at least five percent of the shares), and the maximum value is 74 – 84 percent, depending on the year studied. By contrast with Zwiebel's (1995) predictions concerning ownership structure ...
A Stochastic Discount Factor Approach to Asset
A Stochastic Discount Factor Approach to Asset

Bonds Payable
Bonds Payable

...  To protect itself against a decline in market interest rates, a corporation may issue callable bonds.  Callable bonds give the corporation the right—as stipulated in the bond indenture, or agreement—too redeem or buy back the bonds at a specified figure— the call price—that is ordinarily higher t ...
Chapter 4 "Foreign Exchange Markets and Rates of Return"
Chapter 4 "Foreign Exchange Markets and Rates of Return"

Operating lease or purchase - analysis, Case: An acquisition of Airbus
Operating lease or purchase - analysis, Case: An acquisition of Airbus

... carriers already had 54% of their fleet leased in 1991. According to CIT (2011), 38% of the current world fleet of aircraft has been leased compared to only 3% in 1980. This percentage is now expected to rise above 50% by 2015. Gibson and Morrell (2004) find that about 25% of the aircraft are flown ...
Reexamining the Financial Value of Information Technology Decisions
Reexamining the Financial Value of Information Technology Decisions

Crouhy et al. - IME-USP
Crouhy et al. - IME-USP

CHAPTER 8 Stock Price Behavior and Market Efficiency
CHAPTER 8 Stock Price Behavior and Market Efficiency

Challenging traditional attitudes towards investment risk and
Challenging traditional attitudes towards investment risk and

Debt Priority and Options in Bankruptcy: A
Debt Priority and Options in Bankruptcy: A

Chapter 2 Value at Risk and other risk measures 1 Motivation and
Chapter 2 Value at Risk and other risk measures 1 Motivation and

... of this empirical distribution (taken with opposite sign). Let us note then despite this simple calculation method, the determination of the α-quantile might not be implemented consistently. For example, one may treat the sorted values of changes as 0.5/n, 1.5/n, . . . , (n − 0.5)/n quantiles (obser ...
Firm Life Cycle and Corporate Financing Choices
Firm Life Cycle and Corporate Financing Choices

Net Noninterest Income
Net Noninterest Income

... • Stock Values and Profitability Ratios • Measuring Credit, Liquidity, and Other Risks • The UBPR and Comparing Performance McGraw-Hill/Irwin Bank Management and Financial Services, 7/e ...
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Press release of Banco de Portugal on the independent evaluation

FUNDAMENTALS OF HEALTHCARE FINANCE Online Appendix B
FUNDAMENTALS OF HEALTHCARE FINANCE Online Appendix B

The Effect of Government Policy on China`s Stock Market
The Effect of Government Policy on China`s Stock Market

Capital raising in Australia
Capital raising in Australia

... Commonwealth Government bonds is an important first step in growing a similar retail interest in corporate debt issues. Questions were asked about the methods employed by some companies to raise equity capital, and particularly, whether retail investors were treated fairly. While it is difficult to ...
Your source for in-depth agricultural news
Your source for in-depth agricultural news

HAMISH FRASER MT CECIL,  HUNTER 1RD KELLOGG'S  RURAL LEADERSHIP PROGRAMME 2013
HAMISH FRASER MT CECIL, HUNTER 1RD KELLOGG'S RURAL LEADERSHIP PROGRAMME 2013

... additional capital due to low profitability suggesting farmers have the opportunity to spend around 12% of revenues on growth related capital. Furthermore with New Zealand's annual savings gap averages about 4-5% of GDP due to poor saving and high domestic investments meaning domestic sources are un ...
SOUTHWEST BANCORP INC (Form: 10-Q, Received
SOUTHWEST BANCORP INC (Form: 10-Q, Received

... These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in interest rates, market behavior, and other economic conditions , future laws , regulations and accounting principles; changes in effective tax rates or th ...
SCA prepares for growth and higher margins
SCA prepares for growth and higher margins

... During the next few years, current investments will as before amount to about 5% of sales. Expansion investments (strategic investments) to support organic growth primarily in the three growth regions, are expected to remain at least 2% of sales. CEO Jan Åström also sees the extension of tissue capa ...
annual report - MSIG Malaysia
annual report - MSIG Malaysia

... was appointed Chairman for MSIG Insurance (Malaysia) Bhd on 18 March 2014 and has been the Chairman of Audit Committee since 2005. He holds professional accounting qualifications in Association of Chartered and Certified Accountants (ACCA) and Chartered Institute of Management Accountants (CIMA), Un ...
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Business valuation

Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to effect a sale of a business. In addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners' ownership interest for buy-sell agreements, and many other business and legal purposes such as in shareholders deadlock, divorce litigation and estate contest. In some cases, the court would appoint a forensic accountant as the joint expert doing the business valuation.
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