Stochastic pension funding when the benefit and the risky asset
... Moreover, pension plans have become influential institutions in the financial markets for their high capitalization. However, in most developed countries the pension system is been subject to controversy and concern because the age pyramid is changing due to the reduction of the birth rate and a lon ...
... Moreover, pension plans have become influential institutions in the financial markets for their high capitalization. However, in most developed countries the pension system is been subject to controversy and concern because the age pyramid is changing due to the reduction of the birth rate and a lon ...
PALL CORP (PLL) 10-Q Quarterly report pursuant to sections 13 or
... In April 2009, the FASB issued authoritative guidance that requires publicly traded companies to provide disclosures about fair value of financial instruments in interim financial information. This new guidance is effective with the Company's first quarter of fiscal year 2010. See Note 13, Investmen ...
... In April 2009, the FASB issued authoritative guidance that requires publicly traded companies to provide disclosures about fair value of financial instruments in interim financial information. This new guidance is effective with the Company's first quarter of fiscal year 2010. See Note 13, Investmen ...
Corporate Default Modelling
... • Corporate defaults are relevant for financial stability • The default rate shows highly significant predictive power for the real economy • Predictive power increases with the micro-macro approach and the value-to-score transformation • Macro dramatically increase the aggregate performance of the ...
... • Corporate defaults are relevant for financial stability • The default rate shows highly significant predictive power for the real economy • Predictive power increases with the micro-macro approach and the value-to-score transformation • Macro dramatically increase the aggregate performance of the ...
Net Income
... 1. Define liquidity: the ability of a business to pay its debts when they fall due. It is the ability of a business to convert its assets into cash, which is the most liquid asset. In this chapter, this topic will be covered under the heading RATIO ANALYSIS and under the subheading LIQUIDITY RATIOS. ...
... 1. Define liquidity: the ability of a business to pay its debts when they fall due. It is the ability of a business to convert its assets into cash, which is the most liquid asset. In this chapter, this topic will be covered under the heading RATIO ANALYSIS and under the subheading LIQUIDITY RATIOS. ...
Major Points
... of expected dividends (the case is unusual, in that the firm is expected to go out of business at a specified point in time, whereas usually we think of companies as having infinite lives and thus common stockholders’ stream of expected dividend payments as being never-ending). Of course, the divide ...
... of expected dividends (the case is unusual, in that the firm is expected to go out of business at a specified point in time, whereas usually we think of companies as having infinite lives and thus common stockholders’ stream of expected dividend payments as being never-ending). Of course, the divide ...
Tax Deduction at Source 2015-2016
... Final settlement means company's tax obligation for these sources of income is limited to the tax that has been deducted at source at the time of receiving the income. There shall be no additional tax liability of the company on income earned by the company from these businesses and there shall not ...
... Final settlement means company's tax obligation for these sources of income is limited to the tax that has been deducted at source at the time of receiving the income. There shall be no additional tax liability of the company on income earned by the company from these businesses and there shall not ...
Financial Risk Capacity
... operates through fire sales.6 This paper differs from the literature in some important aspects. First, intermediaries do not operate production; they reallocate capital. Second, they issue liabilities that become means of payment. Third, frictions do not limit the ability to raise equity. These thre ...
... operates through fire sales.6 This paper differs from the literature in some important aspects. First, intermediaries do not operate production; they reallocate capital. Second, they issue liabilities that become means of payment. Third, frictions do not limit the ability to raise equity. These thre ...
7. Which of the following statements regarding money
... the market price is $60, the dividend per share is $1. Calculate the payout ratio. ...
... the market price is $60, the dividend per share is $1. Calculate the payout ratio. ...
Xerox Corporation
... project. Another item used heavily in the intrinsic valuations is cost of equity, cost of debt, and weighted average cost of capital. The liquidity ratios which materially altered our overall decision on valuing Xerox included the quick asset ratio and accounts receivable days. Xerox quick asset rat ...
... project. Another item used heavily in the intrinsic valuations is cost of equity, cost of debt, and weighted average cost of capital. The liquidity ratios which materially altered our overall decision on valuing Xerox included the quick asset ratio and accounts receivable days. Xerox quick asset rat ...
Active management can add big value in small
... (as defined by the rules of the Financial Conduct Authority). In connection with its management of client portfolios, Principal Global Investors (Europe) Limited may delegate management authority to affiliates who are not authorized and regulated by the FCA. In any such case, the client may not bene ...
... (as defined by the rules of the Financial Conduct Authority). In connection with its management of client portfolios, Principal Global Investors (Europe) Limited may delegate management authority to affiliates who are not authorized and regulated by the FCA. In any such case, the client may not bene ...
Download (PDF)
... weak treatment effects, and the differential responses in different subsamples are consistent with the hypothesis that only the behavior of a small set of financially sophisticated people are well captured by models that presume full rationality in financial decision making. The above observations lead u ...
... weak treatment effects, and the differential responses in different subsamples are consistent with the hypothesis that only the behavior of a small set of financially sophisticated people are well captured by models that presume full rationality in financial decision making. The above observations lead u ...
Stock Market Overreaction to Bad News in Good Times: A Rational
... to explain the behavior of the stock market. They show that in their model, as the consumption level gets closer to the “habit” level, investors’ risk aversion increases and hence so does the equilibrium conditional variance of stock returns. In contrast to these articles, my model assumes investors ...
... to explain the behavior of the stock market. They show that in their model, as the consumption level gets closer to the “habit” level, investors’ risk aversion increases and hence so does the equilibrium conditional variance of stock returns. In contrast to these articles, my model assumes investors ...
Multi-stock portfolio optimization under prospect theory
... return. The reference point may depend on the amounts the agents chooses to invest, which includes the expected return. It may also depend on any combination of actual asset returns, so stochastic reference points are allowed. This is important in practice as institutional investors are often evalua ...
... return. The reference point may depend on the amounts the agents chooses to invest, which includes the expected return. It may also depend on any combination of actual asset returns, so stochastic reference points are allowed. This is important in practice as institutional investors are often evalua ...
NBER WORKING PAPER SERIES RISKS OF AN ECONOMY
... time (the present value of fiscal surplus minus interest payments). This step also simplifies the process of constructing the CCA balance sheet because it is much easier to monetary authority with the banking sector, such as credit and liquidity support activities that do not go through the governme ...
... time (the present value of fiscal surplus minus interest payments). This step also simplifies the process of constructing the CCA balance sheet because it is much easier to monetary authority with the banking sector, such as credit and liquidity support activities that do not go through the governme ...
pse09 van der Ploeg 9563581 en
... takers in international capital markets, but face an interest premium the size of which depends on the level of foreign debt. A country with low foreign debt has a small risk of default and can borrow on international markets at the world interest rate. But beyond a certain level of foreign indebted ...
... takers in international capital markets, but face an interest premium the size of which depends on the level of foreign debt. A country with low foreign debt has a small risk of default and can borrow on international markets at the world interest rate. But beyond a certain level of foreign indebted ...
