Cochrane`s Presentation
... consumption stream across time and across states of nature. This implies investors are less willing to change the consumption stream across time in response to interest rate incentives. Thus, it takes a bigger change in Rf to induce the investor to a given consumption growth. Said differently, cons ...
... consumption stream across time and across states of nature. This implies investors are less willing to change the consumption stream across time in response to interest rate incentives. Thus, it takes a bigger change in Rf to induce the investor to a given consumption growth. Said differently, cons ...
Situational Influences on Management Control Systems
... Residual Income (RI) allows to use different interest charges for different types of assets » e.g., fixed assets - longer term / higher risk - higher charge. ...
... Residual Income (RI) allows to use different interest charges for different types of assets » e.g., fixed assets - longer term / higher risk - higher charge. ...
Homeownership and Investment in Risky Assets in Europe
... match the actual household portfolios. This study shows that risky asset holding patterns vary across countries depending on their financial market structures and degree of financial market development (Note 3 & 4). In market-based economies such as Switzerland and the Netherlands, where the stock m ...
... match the actual household portfolios. This study shows that risky asset holding patterns vary across countries depending on their financial market structures and degree of financial market development (Note 3 & 4). In market-based economies such as Switzerland and the Netherlands, where the stock m ...
Economist Insights Rate of Change
... is accepted for any errors or omissions herein. Please note that past performance is not a guide to the future. Potential for profit is accompanied by the possibility of loss. The value of investments and the income from them may go down as well as up and investors may not get back the original amou ...
... is accepted for any errors or omissions herein. Please note that past performance is not a guide to the future. Potential for profit is accompanied by the possibility of loss. The value of investments and the income from them may go down as well as up and investors may not get back the original amou ...
launch of share buyback programme to service the moleskine spa
... current share capital), with no indication of nominal value, for a total maximum amount of Euro 12,280,800, may be purchased purchases of treasury shares must comply with the operating conditions established by Market Practice, by Safe Harbour Regulation , where applicable, as well as by legislati ...
... current share capital), with no indication of nominal value, for a total maximum amount of Euro 12,280,800, may be purchased purchases of treasury shares must comply with the operating conditions established by Market Practice, by Safe Harbour Regulation , where applicable, as well as by legislati ...
NBER WORKING PAPER SERIES Nir Jaimovich Sergio Rebelo
... of the model’s ability to generate comovement. We can generate aggregate comovement in the presence of moderate labor-supply wealth e¤ects. However, low short-run labor-supply wealth e¤ects are essential to generate sectoral comovement that is robust to the timing and nature of the shocks.4 Our work ...
... of the model’s ability to generate comovement. We can generate aggregate comovement in the presence of moderate labor-supply wealth e¤ects. However, low short-run labor-supply wealth e¤ects are essential to generate sectoral comovement that is robust to the timing and nature of the shocks.4 Our work ...
- PNC.com
... and the Federal Reserve (Fed) is likely to soon begin the normalization process with respect to interest rates. Each of these factors individually has the potential to alter the current investment landscape. But their combined uncertainty has created an even more complex equation that has precipitat ...
... and the Federal Reserve (Fed) is likely to soon begin the normalization process with respect to interest rates. Each of these factors individually has the potential to alter the current investment landscape. But their combined uncertainty has created an even more complex equation that has precipitat ...
View Latest Issue - State Street Global Advisors
... For most of the 20th century, active investors regarded the entirety of their return as having been achieved through the application of skill. The advent of the Efficient Market Hypothesis (EMH) and the Capital Asset Pricing Model (CAPM) suggested that the return should properly be split between tha ...
... For most of the 20th century, active investors regarded the entirety of their return as having been achieved through the application of skill. The advent of the Efficient Market Hypothesis (EMH) and the Capital Asset Pricing Model (CAPM) suggested that the return should properly be split between tha ...
Incentive Regulation and Investment: Evidence from European
... country specific factors also help us to make some conjectures about the type of investment the energy utilities may have chosen to carry out in our time horizon. Since the observed investment variation as well as implemented regulatory regimes might both be due to unobserved factors related to the ...
... country specific factors also help us to make some conjectures about the type of investment the energy utilities may have chosen to carry out in our time horizon. Since the observed investment variation as well as implemented regulatory regimes might both be due to unobserved factors related to the ...
LF and FEM
... • The theory relates and determines r, NCO, EP/P*, and NX • It begins with conditions in the loanable funds market and then the foreign exchange market. • In each market, the demand and supply are analyzed, put together to determine equilibrium, and then the effects of shifts in demand and supply ar ...
... • The theory relates and determines r, NCO, EP/P*, and NX • It begins with conditions in the loanable funds market and then the foreign exchange market. • In each market, the demand and supply are analyzed, put together to determine equilibrium, and then the effects of shifts in demand and supply ar ...
Measurement Issues and policy – The IIP, current account and saving.
... Other Measurement Issues • Net saving = saving after depreciation. The best measure as it reflects the savings available to expand the capital stock rather than just replace depreciated capital. Not so good for international comparison as there seem to be significant differences in the way deprecia ...
... Other Measurement Issues • Net saving = saving after depreciation. The best measure as it reflects the savings available to expand the capital stock rather than just replace depreciated capital. Not so good for international comparison as there seem to be significant differences in the way deprecia ...
ColgatePalmolive
... In December 2004, the Company commenced a four-year restructuring and businessbuilding program to enhance the Company’s global leadership position in its core businesses (the 2004 Restructuring Program). As part of the 2004 Restructuring Program, the Companyanticipates streamlining its global supply ...
... In December 2004, the Company commenced a four-year restructuring and businessbuilding program to enhance the Company’s global leadership position in its core businesses (the 2004 Restructuring Program). As part of the 2004 Restructuring Program, the Companyanticipates streamlining its global supply ...
Is Intellectual Property "Investment"? Eli Lilly v. Canada and the
... other property, tangible or intangible”; 10 or “any kind of assets and any contribution in cash, in kind or in services, invested or reinvested in any sector of economic activity.” 11 Investment may also be defined by reference to an illustrative, but non-exhaustive list, which explicitly mentions i ...
... other property, tangible or intangible”; 10 or “any kind of assets and any contribution in cash, in kind or in services, invested or reinvested in any sector of economic activity.” 11 Investment may also be defined by reference to an illustrative, but non-exhaustive list, which explicitly mentions i ...
Scrutiny November 3 2011 - Hertfordshire County Council
... 4.1 The previous section talked about the activities of the treasury teams. As with any activity there will be some form of risk, and these risks need to be managed. This section identifies some of those risks and explains how the treasury team manage them. 4.2 The main risk in liquidity management ...
... 4.1 The previous section talked about the activities of the treasury teams. As with any activity there will be some form of risk, and these risks need to be managed. This section identifies some of those risks and explains how the treasury team manage them. 4.2 The main risk in liquidity management ...
Free Full Text ( Final Version , 893kb )
... house is located, its value can rise or fall. House prices are influenced by multiple factors, Gross Domestic Product, inflation, interest rates, supply and demand and information. Markets also affect each other, as seen in the current credit crunch. House buyers however pay little attention to econ ...
... house is located, its value can rise or fall. House prices are influenced by multiple factors, Gross Domestic Product, inflation, interest rates, supply and demand and information. Markets also affect each other, as seen in the current credit crunch. House buyers however pay little attention to econ ...
A Primer on Non-Traded REITs and other Alternative Real Estate
... pre-specified time period from the original purchase date. No-load funds cover their sales and distributions costs directly from their operating expenses. Open-end funds have annual operating expenses typically of 1 to 2% of the value of their investment. Open-end funds from established mutual fund ...
... pre-specified time period from the original purchase date. No-load funds cover their sales and distributions costs directly from their operating expenses. Open-end funds have annual operating expenses typically of 1 to 2% of the value of their investment. Open-end funds from established mutual fund ...
Module_4D_1val_EN
... 1. What characteristics of your product can influence the licensing transaction? 2. Using a market-based approach, explain what royalty rate you could ask for. You think 5% of the sales, no upfront fee could be the deal. In order to convince senior management, you should argue in terms of earnings. ...
... 1. What characteristics of your product can influence the licensing transaction? 2. Using a market-based approach, explain what royalty rate you could ask for. You think 5% of the sales, no upfront fee could be the deal. In order to convince senior management, you should argue in terms of earnings. ...
NBER WORKING PAPER SERIES ISSUES IN THE MEASUREMENT AND INTERPRETATION OF
... imprecisely measure incentives to invest. The imprecision may be more severe for certain industries, such as extractive and natural resources, financial services, and possibly real estate. ...
... imprecisely measure incentives to invest. The imprecision may be more severe for certain industries, such as extractive and natural resources, financial services, and possibly real estate. ...
Transaction Costs and Market Efficiency
... it is potentially of greatest importance in financial markets, especially in the retail equities markets. For as low as $5 per trade, anyone can trade stock using a web browser—a cost reduction of as much as a factor of 150 from full service brokerage rates, and perhaps a factor of 30 from tradition ...
... it is potentially of greatest importance in financial markets, especially in the retail equities markets. For as low as $5 per trade, anyone can trade stock using a web browser—a cost reduction of as much as a factor of 150 from full service brokerage rates, and perhaps a factor of 30 from tradition ...
How Investors are Applying Climate Change
... beneficiaries or the public.3 One-quarter of study participants reported the initiation of training for risk management staff on the study’s findings and the TIP™ risk factor implications for strategic planning. More than half indicated they may undertake such training in the ...
... beneficiaries or the public.3 One-quarter of study participants reported the initiation of training for risk management staff on the study’s findings and the TIP™ risk factor implications for strategic planning. More than half indicated they may undertake such training in the ...
Asset Allocation by Institutional Investors after the Recent Financial
... Although this approach is explicable because of the large funding deficits faced by many public plans, these plans run a substantial risk of not meeting their ambitious goals for investment returns. Last, endowments and foundations are also poised to expand their already heavy reliance on alternativ ...
... Although this approach is explicable because of the large funding deficits faced by many public plans, these plans run a substantial risk of not meeting their ambitious goals for investment returns. Last, endowments and foundations are also poised to expand their already heavy reliance on alternativ ...
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.