Household Heterogeneity and Incomplete Financial Markets: Asset Return Implications in a
... In chapter 2, the standard model RBC model is compared to the case in which two classes of households, distinguished by their realizations of an idiosyncratic labor income shock, can insure against uncertainty through restricted trade in an equity or a bond market. In order to assess the effects of t ...
... In chapter 2, the standard model RBC model is compared to the case in which two classes of households, distinguished by their realizations of an idiosyncratic labor income shock, can insure against uncertainty through restricted trade in an equity or a bond market. In order to assess the effects of t ...
Chapter 9 Put and Call Options
... Again, we will begin with a definition: A single put option is a contract that gives the buyer of the option the right to sell 100 shares of stock at the strike price, at any time between the date the option was sold and the stipulated expiration date of the option. This contract will have an option ...
... Again, we will begin with a definition: A single put option is a contract that gives the buyer of the option the right to sell 100 shares of stock at the strike price, at any time between the date the option was sold and the stipulated expiration date of the option. This contract will have an option ...
Ambac Presentation
... Private Securities Litigation Reform Act of 1995. Any or all of management’s forward-looking statements here or in other publications may turn out to be wrong and are based on Ambac’s management’s current belief or opinions. Ambac’s actual results may vary materially, and there are no guarantees abo ...
... Private Securities Litigation Reform Act of 1995. Any or all of management’s forward-looking statements here or in other publications may turn out to be wrong and are based on Ambac’s management’s current belief or opinions. Ambac’s actual results may vary materially, and there are no guarantees abo ...
NBER WORKING PAPER SERIES COSTLY FINANCIAL INTERMEDIATION IN NEOCLASSICAL GROWTH THEORY
... abstract from the large costs of financial intermediation, despite the fact that most savings are intermediated. This paper extends the neoclassical growth model by incorporating an intermediation sector. It does so in such a way that it matches both the amount of borrowing and lending between house ...
... abstract from the large costs of financial intermediation, despite the fact that most savings are intermediated. This paper extends the neoclassical growth model by incorporating an intermediation sector. It does so in such a way that it matches both the amount of borrowing and lending between house ...
Industry and Sector Equity Premium with Economic Dynamics: Keiichi Kubota
... b. Two-Sector Economy and the Risk Premium The theoretical relationship between production technology and asset returns has been analyzed in Brock (1982) and Cox, Ingersoll, and Ross (1985) in a general equilibrium model. Euler equations where both the investment returns and asset returns are includ ...
... b. Two-Sector Economy and the Risk Premium The theoretical relationship between production technology and asset returns has been analyzed in Brock (1982) and Cox, Ingersoll, and Ross (1985) in a general equilibrium model. Euler equations where both the investment returns and asset returns are includ ...
fundamental analysis in security investment and its
... statement-based company data used to assess the value of a company’s stock. Information regarding such things as management quality, products, and product-markets are often examined as well. Basing on analyses of company’s financial statement, microeconomic and macroeconomic factors, and the growth ...
... statement-based company data used to assess the value of a company’s stock. Information regarding such things as management quality, products, and product-markets are often examined as well. Basing on analyses of company’s financial statement, microeconomic and macroeconomic factors, and the growth ...
Global Intangible Financial Tracker 2016 An annual
... of ‘fair value reporting’ believe that the requirements should go further and that all of a company’s tangible and intangible assets and liabilities should regularly be measured at fair value and reported on the balance sheet, including internally generated intangibles such as brands and patents, so ...
... of ‘fair value reporting’ believe that the requirements should go further and that all of a company’s tangible and intangible assets and liabilities should regularly be measured at fair value and reported on the balance sheet, including internally generated intangibles such as brands and patents, so ...
Share price performance
... regarding future prospects may not be realised. Opinions, forecasts, assumptions, estimates, derived valuations, projections, and price target(s), if any, contained in this document are as of the date indicated and are subject to change at any time without prior notice. Our recommendations are under ...
... regarding future prospects may not be realised. Opinions, forecasts, assumptions, estimates, derived valuations, projections, and price target(s), if any, contained in this document are as of the date indicated and are subject to change at any time without prior notice. Our recommendations are under ...
Impact of Dividend Policy on Market Capitalization of Firms Listed in
... a sub dependent variable has minimum value of 8.64 and maximum value of 880.32 during the studied period. However average stock price of selected automobile firms is 246.4290. This data deviates from the mean value at the level of 203.76495. The graph of price skewed at the level of 1.400. Volume wh ...
... a sub dependent variable has minimum value of 8.64 and maximum value of 880.32 during the studied period. However average stock price of selected automobile firms is 246.4290. This data deviates from the mean value at the level of 203.76495. The graph of price skewed at the level of 1.400. Volume wh ...
MICROECONOMIC THEORY
... The Portfolio Problem • How much wealth should a risk-averse person invest in a risky asset? – the fraction invested in risky assets should be smaller for more risk-averse investors ...
... The Portfolio Problem • How much wealth should a risk-averse person invest in a risky asset? – the fraction invested in risky assets should be smaller for more risk-averse investors ...
THE CAPITAL ASSET PRICING MODEL`S RISK
... U.S. and five other large stock markets. These studies indicate that researchers have measured the equity premium relative to both T. Bills and long-term government bonds, with varying results. Some studies have indicated that the return interval used in the regression has a significant impact on th ...
... U.S. and five other large stock markets. These studies indicate that researchers have measured the equity premium relative to both T. Bills and long-term government bonds, with varying results. Some studies have indicated that the return interval used in the regression has a significant impact on th ...
Chapter 2: The Data of Macroeconomics
... Impact on investment depends on definition of “profits” • If the law used our definition (rental price minus cost of capital), then the tax doesn’t affect investment. • In our definition, depreciation cost is measured using the current price of capital. • But, legal definition uses the historical pr ...
... Impact on investment depends on definition of “profits” • If the law used our definition (rental price minus cost of capital), then the tax doesn’t affect investment. • In our definition, depreciation cost is measured using the current price of capital. • But, legal definition uses the historical pr ...
EASTMAN CHEMICAL CO (Form: 8-K/A, Received
... On December 5, 2014, Eastman Chemical Company ("Eastman" or the "Company") completed its previously announced acquisition of Taminco Corporation ("Taminco"), through the merger (the "Acquisition") of Stella Merger Corp., a Delaware corporation and wholly-owned subsidiary of the Company ("Merger Sub" ...
... On December 5, 2014, Eastman Chemical Company ("Eastman" or the "Company") completed its previously announced acquisition of Taminco Corporation ("Taminco"), through the merger (the "Acquisition") of Stella Merger Corp., a Delaware corporation and wholly-owned subsidiary of the Company ("Merger Sub" ...
April 24, 2017 JNL/American Funds Blue Chip
... competitive conditions within an industry. In addition, they may decline due to general market conditions that are not specifically related to a company or industry, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or c ...
... competitive conditions within an industry. In addition, they may decline due to general market conditions that are not specifically related to a company or industry, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or c ...
Determinants of FPI over FDI
... estimation. But it still serves as useful checks, particularly if there is some concern about the forecasting power of Probit models. The dynamic panel estimation results are presented in Table 8, with four proxies of opacity (OPA, ACC, CIFAR, and GCR). Again, there we find that the occurrence of ...
... estimation. But it still serves as useful checks, particularly if there is some concern about the forecasting power of Probit models. The dynamic panel estimation results are presented in Table 8, with four proxies of opacity (OPA, ACC, CIFAR, and GCR). Again, there we find that the occurrence of ...