printmgr file - Berkshire Hathaway Inc.
... both our Class A and Class B stock by 6.4%. Over the last 51 years (that is, since present management took over), per-share book value has grown from $19 to $155,501, a rate of 19.2% compounded annually.* During the first half of those years, Berkshire’s net worth was roughly equal to the number tha ...
... both our Class A and Class B stock by 6.4%. Over the last 51 years (that is, since present management took over), per-share book value has grown from $19 to $155,501, a rate of 19.2% compounded annually.* During the first half of those years, Berkshire’s net worth was roughly equal to the number tha ...
Xerox Corporation
... When valuing a firm it is critical to look at the ratio’s used by common analysts to understand the inner workings of the company. These ratios consist of liquidity, profitability, and capital structure. It is also important to forecast the financial statements out a significant amount of years or 1 ...
... When valuing a firm it is critical to look at the ratio’s used by common analysts to understand the inner workings of the company. These ratios consist of liquidity, profitability, and capital structure. It is also important to forecast the financial statements out a significant amount of years or 1 ...
Skandia Annual Report
... accounting. In addition, Old Mutual reports Skandia’s result starting with the date of acquisition, i.e., for 11 months in 2006. 2006 was yet another year of significant achievement for our business in UK, where demand for pension products continued to be strong even after ...
... accounting. In addition, Old Mutual reports Skandia’s result starting with the date of acquisition, i.e., for 11 months in 2006. 2006 was yet another year of significant achievement for our business in UK, where demand for pension products continued to be strong even after ...
The Time-Varying Liquidity Risk of Value and Growth Stocks
... consistent with this hypothesis. First, using a conditional two-factor model with the market portfolio and aggregate market liquidity, we confirm the findings of Petkova and Zhang (2005) that value (growth) stocks are riskier than growth (value) stocks in bad (good) times. Second, value stocks have ...
... consistent with this hypothesis. First, using a conditional two-factor model with the market portfolio and aggregate market liquidity, we confirm the findings of Petkova and Zhang (2005) that value (growth) stocks are riskier than growth (value) stocks in bad (good) times. Second, value stocks have ...
Reports and Financial Statements for the Financial
... unusual nature other than as disclosed in the financial statements. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR There were no material events subsequent to the reporting date that require disclosure or adjustments to the financial statements. DIVIDEND The amount of dividend declared and paid by the ...
... unusual nature other than as disclosed in the financial statements. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR There were no material events subsequent to the reporting date that require disclosure or adjustments to the financial statements. DIVIDEND The amount of dividend declared and paid by the ...
printmgr file
... in accordance with accounting principles generally accepted (“GAAP” or “R.O.C. GAAP”) in the Republic of China (“R.O.C.” or “Taiwan”) have not been included below. In addition to preparing financial statements in accordance with IFRSs as issued by the IASB included in this annual report, we also pre ...
... in accordance with accounting principles generally accepted (“GAAP” or “R.O.C. GAAP”) in the Republic of China (“R.O.C.” or “Taiwan”) have not been included below. In addition to preparing financial statements in accordance with IFRSs as issued by the IASB included in this annual report, we also pre ...
Template - ESRI Working Papers
... The labour market is open and influenced through migration by conditions in alternative labour markets, such as the UK labour market. ...
... The labour market is open and influenced through migration by conditions in alternative labour markets, such as the UK labour market. ...
Form 10-Q - Wells Fargo
... intangible assets (including goodwill and intangible assets associated with certain of our nonmarketable equity investments but excluding mortgage servicing rights), net of applicable deferred taxes. The methodology of determining tangible common equity may differ among companies. Management believe ...
... intangible assets (including goodwill and intangible assets associated with certain of our nonmarketable equity investments but excluding mortgage servicing rights), net of applicable deferred taxes. The methodology of determining tangible common equity may differ among companies. Management believe ...
Real Estate Advisory Services
... assessment and discussion of strategic options lead to the following conclusions: Established real estate service firms that have a nation-based competitive advantage in this industry and who operate in mature domestic markets can increase their overall profit margins by exporting services that abro ...
... assessment and discussion of strategic options lead to the following conclusions: Established real estate service firms that have a nation-based competitive advantage in this industry and who operate in mature domestic markets can increase their overall profit margins by exporting services that abro ...
Securities Trading Policy
... The risk of Insider Trading, or the appearance of Insider Trading, is considered low for certain types of Dealing in Suncorp Securities. The following types of “Exempt Dealing” are exempt from the restriction on Dealing during Closed Periods and the requirement to obtain clearance to Deal as set out ...
... The risk of Insider Trading, or the appearance of Insider Trading, is considered low for certain types of Dealing in Suncorp Securities. The following types of “Exempt Dealing” are exempt from the restriction on Dealing during Closed Periods and the requirement to obtain clearance to Deal as set out ...
Margin Regulation and Volatility
... investors have access to another (unregulated) class of assets to leverage their positions. We also demonstrate that a common countercyclical margin regulation of all asset classes in the economy has a very strong dampening effect on asset return volatility. We develop a general equilibrium asset-pr ...
... investors have access to another (unregulated) class of assets to leverage their positions. We also demonstrate that a common countercyclical margin regulation of all asset classes in the economy has a very strong dampening effect on asset return volatility. We develop a general equilibrium asset-pr ...
Funding Liquidity, Market Liquidity and the Cross-Section
... size and book-to-market portfolios. We find that the leverage factor explains by itself 87 percent of the dispersion of returns in the cross-section of portfolios sorted by bookto-market, but only 1 percent in the cross-section sorted by size. On the other hand, exposures to funding risk explain 67 ...
... size and book-to-market portfolios. We find that the leverage factor explains by itself 87 percent of the dispersion of returns in the cross-section of portfolios sorted by bookto-market, but only 1 percent in the cross-section sorted by size. On the other hand, exposures to funding risk explain 67 ...
Buongiorno Vitaminic SpA Half-Year Report as of
... - the increasingly active role played by telecommunications operators in the development of VAS; - the growing synergies with television and conventional media; - the constant extension of offerings, especially in terms of the wealth of digital content, thanks to the dissemination of new increasingl ...
... - the increasingly active role played by telecommunications operators in the development of VAS; - the growing synergies with television and conventional media; - the constant extension of offerings, especially in terms of the wealth of digital content, thanks to the dissemination of new increasingl ...
The Challenge of Derivatives - The Fordham Law Archive of
... Attempting to define derivatives is very difficult because instruments capable of bearing that label are infinitely protean; they evolve too rapidly to be encompassed under any preexisting regulatory structure. Below is a simplified example that demonstrates this definitional tension, along with a b ...
... Attempting to define derivatives is very difficult because instruments capable of bearing that label are infinitely protean; they evolve too rapidly to be encompassed under any preexisting regulatory structure. Below is a simplified example that demonstrates this definitional tension, along with a b ...
ECONOMICO 2013 ENG.indd
... • During 2013 the subsidiary T-Solar Global, S.A., manufacturing solar photovoltaic panels, was declared in to be involved in bankruptcy proceedings, with its subsequent liquidation and dissolution. The powers of administration and disposal of its assets were therefore suspended and a bankruptcy adm ...
... • During 2013 the subsidiary T-Solar Global, S.A., manufacturing solar photovoltaic panels, was declared in to be involved in bankruptcy proceedings, with its subsequent liquidation and dissolution. The powers of administration and disposal of its assets were therefore suspended and a bankruptcy adm ...
Master Thesis: Quality of Risk Reporting
... disclose non-financial information voluntarily. Risk an everyday common term used by most people speaking the English language can be described as the possibility of something hazardous or malicious happening. Since the introduction of the corporate governance codes such as the Code Tabaksblat and t ...
... disclose non-financial information voluntarily. Risk an everyday common term used by most people speaking the English language can be described as the possibility of something hazardous or malicious happening. Since the introduction of the corporate governance codes such as the Code Tabaksblat and t ...
D E C E M B E R 2 0 1 6
... Washington, DC: Brookings Institution. Sahoo, Anshuman, Nelson, David., & Goggins, Andrew. (2015). Models for Financing Clean Infrastructure in Middle Income Countries. CPI Working Paper. San Francisco: Climate Policy Initiative. This paper was made possible with support from, among others: UK Aid f ...
... Washington, DC: Brookings Institution. Sahoo, Anshuman, Nelson, David., & Goggins, Andrew. (2015). Models for Financing Clean Infrastructure in Middle Income Countries. CPI Working Paper. San Francisco: Climate Policy Initiative. This paper was made possible with support from, among others: UK Aid f ...
Paper
... borrowers trading them. Moreover, each lender is effectively lending to one particular borrower using a contract with a different leverage ratio and a different interest rate, and the sorting occurs through the loan contracts that both lenders and borrowers endogenously choose. It looks as if trade ...
... borrowers trading them. Moreover, each lender is effectively lending to one particular borrower using a contract with a different leverage ratio and a different interest rate, and the sorting occurs through the loan contracts that both lenders and borrowers endogenously choose. It looks as if trade ...
Speculation and Risk Sharing with New Financial Assets
... opposite positions in the Euro. This is because the complementary positions enable traders to hedge the risks that also a¤ect the Euro, which they don’t disagree about, and to take purer bets on the Franc. With purer bets, traders bear less risk for each unit position on the Franc, which in turn ena ...
... opposite positions in the Euro. This is because the complementary positions enable traders to hedge the risks that also a¤ect the Euro, which they don’t disagree about, and to take purer bets on the Franc. With purer bets, traders bear less risk for each unit position on the Franc, which in turn ena ...
broker dealer models - North American Securities Administrators
... raising money for small or start up businesses Required limited start up capital Agents can make large amounts of money in a short period of time ...
... raising money for small or start up businesses Required limited start up capital Agents can make large amounts of money in a short period of time ...
Common Appraisal Framework - Department of Transport, Tourism
... for Transport Projects and Programmes and explains the steps to be used in the appraisal of transport projects and programmes for which the Department of Transport, Tourism and Sport or its agencies are Sanctioning Authorities. The purpose of this document is to develop a common framework for the ap ...
... for Transport Projects and Programmes and explains the steps to be used in the appraisal of transport projects and programmes for which the Department of Transport, Tourism and Sport or its agencies are Sanctioning Authorities. The purpose of this document is to develop a common framework for the ap ...
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.