Mahoney (1992)
... VC from industrial organization and strategy To analyze the contingent relationship between VFO and VC If transaction costs and agency costs are assumed away, VFO=VC Otherwise, simple distinction between VFO and VC is inadequate ...
... VC from industrial organization and strategy To analyze the contingent relationship between VFO and VC If transaction costs and agency costs are assumed away, VFO=VC Otherwise, simple distinction between VFO and VC is inadequate ...
The Origins of the Financial Crisis
... up very little capital to back their transactions. These new innovations enabled Wall Street to do for subprime mortgages what it had already done for conforming mortgages, and they facilitated the boom in subprime lending that occurred after 2000. By channeling funds of institutional investors to s ...
... up very little capital to back their transactions. These new innovations enabled Wall Street to do for subprime mortgages what it had already done for conforming mortgages, and they facilitated the boom in subprime lending that occurred after 2000. By channeling funds of institutional investors to s ...
Political risk: what market impact
... traditional bipartisanship) and the coherence of the programmes suggest that uncertainty (EPU) could be markedly higher than during previous elections. ...
... traditional bipartisanship) and the coherence of the programmes suggest that uncertainty (EPU) could be markedly higher than during previous elections. ...
Octagon Investment Partners XIV Ltd./Octagon
... reinvestment period, or when reinvesting proceeds from the sale of a credit risk or defaulted obligation. For this transaction, the non-model version of CDO Monitor may be used as an alternative to the model-based approach. This version of CDO Monitor is built on the foundation of six portfolio benc ...
... reinvestment period, or when reinvesting proceeds from the sale of a credit risk or defaulted obligation. For this transaction, the non-model version of CDO Monitor may be used as an alternative to the model-based approach. This version of CDO Monitor is built on the foundation of six portfolio benc ...
Reducing Systemic Risk: Canada`s New Central
... Governments and corporations obtain funding by issuing fixed-income securities in the primary market. In addition to their importance in the primary market, prices established in the secondary market for Government of Canada securities also serve as an important benchmark for the pricing of securiti ...
... Governments and corporations obtain funding by issuing fixed-income securities in the primary market. In addition to their importance in the primary market, prices established in the secondary market for Government of Canada securities also serve as an important benchmark for the pricing of securiti ...
In the following paper, I will explore one vector of the financialization
... inertia necessary to contain the excesses wrought by liberalized and globalized capital markets. Section 2: The investor dynamics fueling the US equity bubble Asset markets, conventional theory holds, allow investors to identify and fund those investment projects with the highest risk adjusted retu ...
... inertia necessary to contain the excesses wrought by liberalized and globalized capital markets. Section 2: The investor dynamics fueling the US equity bubble Asset markets, conventional theory holds, allow investors to identify and fund those investment projects with the highest risk adjusted retu ...
characteristics of financial instruments and a description of risk
... cannot be bought or sold at any time or the settlement price of the transaction which is significantly different from the price that could be obtained in a fully liquid market. Increased liquidity risk may in particular occur if market downturns. The risk of liquidity affects to lesser extent instru ...
... cannot be bought or sold at any time or the settlement price of the transaction which is significantly different from the price that could be obtained in a fully liquid market. Increased liquidity risk may in particular occur if market downturns. The risk of liquidity affects to lesser extent instru ...
Developing a Successful TPA/Investment
... The last two options are often combined into the category of third party administrator (TPA) solutions, and there can be important advantages and considerations to each of these options. It is important to remember, however, that under option 3, the investment provider is not (or is not fully) indep ...
... The last two options are often combined into the category of third party administrator (TPA) solutions, and there can be important advantages and considerations to each of these options. It is important to remember, however, that under option 3, the investment provider is not (or is not fully) indep ...
From big to small: the relative size effect on corporate capital
... over-investment in under-performing business units regardless of size and thus are not well suited to explain cross-subsidization from large to small business units. Given these concerns, we incorporate business unit relative size as a factor in the study of inefficiency in corporate capital alloca ...
... over-investment in under-performing business units regardless of size and thus are not well suited to explain cross-subsidization from large to small business units. Given these concerns, we incorporate business unit relative size as a factor in the study of inefficiency in corporate capital alloca ...
12 December 2017 Investor Term Sheet
... This material is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. It is published solely for informational purposes and is not to be construed as a ...
... This material is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. It is published solely for informational purposes and is not to be construed as a ...
trends in australia`s trade and the balance of
... in 2010-11, consisting of $734,650m in equity borrowings and $1,299,520m in debt borrowings. Total foreign assets were valued at -$1,253,049m in 2010-11, consisting of -$628,520m in equity lending and -$624,529m in debt lending abroad. Australia’s stock of net foreign liabilities (i.e. foreign liabi ...
... in 2010-11, consisting of $734,650m in equity borrowings and $1,299,520m in debt borrowings. Total foreign assets were valued at -$1,253,049m in 2010-11, consisting of -$628,520m in equity lending and -$624,529m in debt lending abroad. Australia’s stock of net foreign liabilities (i.e. foreign liabi ...
GLOBALIZATION OF CAPITAL MOVEMENTS: POTENTIAL
... decreasing absolute risk aversion. The individuals consume the payment obtained from the local asset, and also consume their external wealth that comes from assets held in other countries, which is denoted by W. Equilibrium results As is shown in Goldstein and Pauzner (2004), the result of the equil ...
... decreasing absolute risk aversion. The individuals consume the payment obtained from the local asset, and also consume their external wealth that comes from assets held in other countries, which is denoted by W. Equilibrium results As is shown in Goldstein and Pauzner (2004), the result of the equil ...
NBER WORKING PAPER SERIES Kristin J. Forbes Working Paper 13908
... The empirical results suggest that a primary factor driving both equity and bond flows into the United States is a country’s level of financial development. Countries with less developed financial markets tend to hold a greater share of their portfolios in the United States, and the strength of thi ...
... The empirical results suggest that a primary factor driving both equity and bond flows into the United States is a country’s level of financial development. Countries with less developed financial markets tend to hold a greater share of their portfolios in the United States, and the strength of thi ...
Chapter 4
... How has the business invested its capital (money)? a. Current Assets (cash, receivables, inventory) b. Fixed Assets (plant, property, equipment) 2. How has the business financed its investment? a. Personal Funds (owner’s capital) b. Borrowing: short-term (current liabilities) and/or ...
... How has the business invested its capital (money)? a. Current Assets (cash, receivables, inventory) b. Fixed Assets (plant, property, equipment) 2. How has the business financed its investment? a. Personal Funds (owner’s capital) b. Borrowing: short-term (current liabilities) and/or ...
acciona inmobilaria pdf
... of borrowing; employment continued to rise, ending the year with more than 17.3 million workers registered with the Social Security, i.e. 656,000 more than at the end of December 2014; and gross disposable household income increased slightly (1%) on the back of a 3.9% increase in wages. Home sales g ...
... of borrowing; employment continued to rise, ending the year with more than 17.3 million workers registered with the Social Security, i.e. 656,000 more than at the end of December 2014; and gross disposable household income increased slightly (1%) on the back of a 3.9% increase in wages. Home sales g ...
Credit Weekly - Emirates NBD
... rise to a conflict of interest that could affect the objectivity of this report. The securities covered by this report may not be suitable for all types of investors. The report does not take into account the investment objectives, financial situations and specific needs of recipients. Data included ...
... rise to a conflict of interest that could affect the objectivity of this report. The securities covered by this report may not be suitable for all types of investors. The report does not take into account the investment objectives, financial situations and specific needs of recipients. Data included ...
Dual-Listed IPOs - Boston University
... in the United States.2 The main benefit of listing IPOs on multiple exchanges is access to additional investors and capital.3 Other benefits are derived from compliance with regulations required by major stock exchanges and regulatory bodies in the United States.4 These benefits include higher quali ...
... in the United States.2 The main benefit of listing IPOs on multiple exchanges is access to additional investors and capital.3 Other benefits are derived from compliance with regulations required by major stock exchanges and regulatory bodies in the United States.4 These benefits include higher quali ...
“You can`t build a wall around a village. The sun and the wind will
... quarter with very strong gains on natural gas, sugar and precious metals. Precious metals compete for safe haven flows and thus it is not surprising to see gold and silver as cash alternatives in extremely volatile markets and particularly with the preponderance of negative interest rates around the ...
... quarter with very strong gains on natural gas, sugar and precious metals. Precious metals compete for safe haven flows and thus it is not surprising to see gold and silver as cash alternatives in extremely volatile markets and particularly with the preponderance of negative interest rates around the ...
Chapter 14 Capital requirements for settlement and counterparty risk
... percentage for the potential future credit exposure will be determined by the lowest credit quality of the underlying obligations in the basket. If there are non-qualifying items in the basket, the percentage applicable to the nonqualifying reference obligation should be used. For second and subsequ ...
... percentage for the potential future credit exposure will be determined by the lowest credit quality of the underlying obligations in the basket. If there are non-qualifying items in the basket, the percentage applicable to the nonqualifying reference obligation should be used. For second and subsequ ...
Client Assets Key Information Document here
... Corporate Actions Risk:- the risk that corporate actions are missed by the custodians. Negligence or the perpetuation of a fraud by persons employed by either TBD, PSIL or the institution holding the assets. Misappropriation of your assets. Risks associated with pooled accounts:- Under a pooled arra ...
... Corporate Actions Risk:- the risk that corporate actions are missed by the custodians. Negligence or the perpetuation of a fraud by persons employed by either TBD, PSIL or the institution holding the assets. Misappropriation of your assets. Risks associated with pooled accounts:- Under a pooled arra ...
Domestic Saving and International Capital Flows
... generally, since the risks of investing in different countries and currencies are not perfectly correlated, individual and corporate investors will tend to choose a portfolio in which expected yields are not equal. For most investors, the uncertainties and risks associated with foreign investment ar ...
... generally, since the risks of investing in different countries and currencies are not perfectly correlated, individual and corporate investors will tend to choose a portfolio in which expected yields are not equal. For most investors, the uncertainties and risks associated with foreign investment ar ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.