accounting ratios
... Return on Capital Employed or Return on Investment judges the overall performance of the enterprise. It measures how efficiently the sources entrusted to the business are being used. The return on capital employed is a fair measure of the profitability of any concern. This ratio also helps in judgin ...
... Return on Capital Employed or Return on Investment judges the overall performance of the enterprise. It measures how efficiently the sources entrusted to the business are being used. The return on capital employed is a fair measure of the profitability of any concern. This ratio also helps in judgin ...
Risk Implications of Energy Policy Instruments
... support, both professionally and personally. While I am very thankful for all the support I enjoyed on the private level, I shall here only mention Jonas Katz, who is always there for me in all the important ways, and Anke Kitzing, who has given valuable comments to this thesis. My professional ackn ...
... support, both professionally and personally. While I am very thankful for all the support I enjoyed on the private level, I shall here only mention Jonas Katz, who is always there for me in all the important ways, and Anke Kitzing, who has given valuable comments to this thesis. My professional ackn ...
THE OUTSOURCING OF FINANCIAL REGULATION TO RISK
... Abstract: The widespread use of computer-based risk models in the financial industry during the last two decades enabled the marketing of more complex financial products to consumers, the growth of securitization and derivatives, and the development of sophisticated risk-management strategies by fin ...
... Abstract: The widespread use of computer-based risk models in the financial industry during the last two decades enabled the marketing of more complex financial products to consumers, the growth of securitization and derivatives, and the development of sophisticated risk-management strategies by fin ...
Executive stock and option valuation in a two state
... model and implementation details and the numerical results to later sections. Here we summarize our main contributions as follows: 1. We provide an executive option pricing model that is consistent with the portfolio theory and the capital asset pricing model (henceforth CAPM).2 It allows optimal in ...
... model and implementation details and the numerical results to later sections. Here we summarize our main contributions as follows: 1. We provide an executive option pricing model that is consistent with the portfolio theory and the capital asset pricing model (henceforth CAPM).2 It allows optimal in ...
Key Issues in the CLO Market Today
... For a $500 million CLO, this would be $25 million, regardless of the form of retention Goes “live” on Dec. 24, 2016 (but managers are determining their ...
... For a $500 million CLO, this would be $25 million, regardless of the form of retention Goes “live” on Dec. 24, 2016 (but managers are determining their ...
Depression Babies
... test whether these cohort differences persist after controlling for a wide range of demographics and, in particular, whether we can distinguish the effect of return and inflation experience from the other explanations such as year effects. We employ four different measures of risk-taking. The first ...
... test whether these cohort differences persist after controlling for a wide range of demographics and, in particular, whether we can distinguish the effect of return and inflation experience from the other explanations such as year effects. We employ four different measures of risk-taking. The first ...
Greece
... (of €144.6 billion committed), of which €48.2 billion was for bank recapitalization. Developments. Significant progress has been made toward rebalancing the economy. The fiscal primary and external current account balances are in surplus. Investor sentiment has improved, and the government successfu ...
... (of €144.6 billion committed), of which €48.2 billion was for bank recapitalization. Developments. Significant progress has been made toward rebalancing the economy. The fiscal primary and external current account balances are in surplus. Investor sentiment has improved, and the government successfu ...
Chapter 018 Dividends and Dividend Policy
... outstanding with market price of $32 per share. Before the dividend, the company had earnings per share of $2.50. As a result of this dividend, the: a. retained earnings will decrease by $200,000. b. retained earnings will increase by $320,000. c. total firm value will not change. d. earnings per sh ...
... outstanding with market price of $32 per share. Before the dividend, the company had earnings per share of $2.50. As a result of this dividend, the: a. retained earnings will decrease by $200,000. b. retained earnings will increase by $320,000. c. total firm value will not change. d. earnings per sh ...
In Short Supply: Short‐Sellers and Stock Returns
... One aspect of equity markets that has received increased academic attention in recent years is the informational role played by short sellers. Prior studies have consistently demonstrated that, as a group, short‐sellers are sophisticated investors with superior information processing capabilities ...
... One aspect of equity markets that has received increased academic attention in recent years is the informational role played by short sellers. Prior studies have consistently demonstrated that, as a group, short‐sellers are sophisticated investors with superior information processing capabilities ...
All Party Parliamentary Small Business Group
... capabilities in small firms. It should also support firms to undertake an annual skills audit to ascertain if they are making the best use of their workforce to meet the business’s strategic aims, and identify cost-effective opportunities for training and up-skilling. • The Government should establ ...
... capabilities in small firms. It should also support firms to undertake an annual skills audit to ascertain if they are making the best use of their workforce to meet the business’s strategic aims, and identify cost-effective opportunities for training and up-skilling. • The Government should establ ...
SRP Research Report for OIC (Part 2: European Structured Product
... Unwinding a position means reversing all the asset flows and financial obligations carried out when the trade took place. From the perspective of the investor, methods of unwinding structured products include trading via an organised market or (although unlikely) offsetting ...
... Unwinding a position means reversing all the asset flows and financial obligations carried out when the trade took place. From the perspective of the investor, methods of unwinding structured products include trading via an organised market or (although unlikely) offsetting ...
Heterogeneous Beliefs, Speculation, and the Equity Premium ∗
... The representative agent paradigm with identical agents fails to take into account speculative behavior among different agents in the economy. Under this paradigm, aggregate measures of fundamentals are sufficient to measure the risks faced by agents. Given the smoothness of these aggregate variabl ...
... The representative agent paradigm with identical agents fails to take into account speculative behavior among different agents in the economy. Under this paradigm, aggregate measures of fundamentals are sufficient to measure the risks faced by agents. Given the smoothness of these aggregate variabl ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... more appropriate ratios, and probably are more familiar, their use should be avoided if the other ratios are available. The ratio of financial intermediaries' net claims against business ' These ratios disregard the fact that the assets of linanclid intermediaries are based on book values for all fi ...
... more appropriate ratios, and probably are more familiar, their use should be avoided if the other ratios are available. The ratio of financial intermediaries' net claims against business ' These ratios disregard the fact that the assets of linanclid intermediaries are based on book values for all fi ...
Chapter 11 Depreciation, Impairments
... As discussed in the opening story, the credit crisis starting in late 2008 has affected many financial and non-financial institutions. As a result of this global slump, many companies are considering write-offs of some of their long-lived assets. These write-offs are referred to as impairments. A lo ...
... As discussed in the opening story, the credit crisis starting in late 2008 has affected many financial and non-financial institutions. As a result of this global slump, many companies are considering write-offs of some of their long-lived assets. These write-offs are referred to as impairments. A lo ...
Essays in Financial Economics Sergey Iskoz
... This thesis consists of three essays on various topics in Financial Economics. Underwriter analysts issue recommendations that are on average more favorable than recommendations of other analysts. In Chapter 1, I investigate whether this bias matters for returns, and whether it matters for wealth re ...
... This thesis consists of three essays on various topics in Financial Economics. Underwriter analysts issue recommendations that are on average more favorable than recommendations of other analysts. In Chapter 1, I investigate whether this bias matters for returns, and whether it matters for wealth re ...
Investment in an Indonesian Life Insurance Company, PT Panin Life
... The information in this presentation is subject to change without prior notice. Neither this presentation nor any of its contents may be disclosed or used by any other party for any other purpose, without the prior written consent of the Company. Statements contained herein that relate to the future ...
... The information in this presentation is subject to change without prior notice. Neither this presentation nor any of its contents may be disclosed or used by any other party for any other purpose, without the prior written consent of the Company. Statements contained herein that relate to the future ...
OTC Derivatives Presentation
... • Each payment is based on a notional amount, but the notional amount is not transferred • One party makes a stream of payments calculated like interest that would be paid on notional amount with a fixed (or floating) ...
... • Each payment is based on a notional amount, but the notional amount is not transferred • One party makes a stream of payments calculated like interest that would be paid on notional amount with a fixed (or floating) ...
Fintech and Disruptive Business Models in Financial Products
... Empirical research has found that cost-savings for financial institutions derived from financial innovation are often passed onto investors and borrowers.32 Financial innovation that transforms asset characteristics such as in terms of liquidity and marketability also help in broadening financing op ...
... Empirical research has found that cost-savings for financial institutions derived from financial innovation are often passed onto investors and borrowers.32 Financial innovation that transforms asset characteristics such as in terms of liquidity and marketability also help in broadening financing op ...
Is Business Saving Really None of Our Business
... Titman and Twite (2012) compile data on more than 36,000 listed firms in 39 countries in 19912006 to conclude that the median debt-to-assets ratio in developing countries is just 26 percent, implying that three-quarters of total assets are paid for with equity, most of it internally generated. For s ...
... Titman and Twite (2012) compile data on more than 36,000 listed firms in 39 countries in 19912006 to conclude that the median debt-to-assets ratio in developing countries is just 26 percent, implying that three-quarters of total assets are paid for with equity, most of it internally generated. For s ...
Reporting Guidance for All Loan-Backed and Structured Finance
... Asset-backed securities, or ABS, are securities that are backed by a discrete pool of self-liquidating financial assets. Asset-backed securitization is a financing technique in which financial assets, in many cases themselves less liquid, are pooled and converted into instruments that may be offered ...
... Asset-backed securities, or ABS, are securities that are backed by a discrete pool of self-liquidating financial assets. Asset-backed securitization is a financing technique in which financial assets, in many cases themselves less liquid, are pooled and converted into instruments that may be offered ...
STUDY ON MERGERS: A RATIONALE FOR CONGLOMERATE MERGERS by NICOLAS S. MAJLUF Engineering, Universidad Catolica de Chile
... Mergers are not a new phenomenon, but rather an on-going process in the business environment. They correspond to the combination of two (or more) firms into a unique business concern. This study is grounded on the notion that looking at mergers from a financial point of view may provide a valid plat ...
... Mergers are not a new phenomenon, but rather an on-going process in the business environment. They correspond to the combination of two (or more) firms into a unique business concern. This study is grounded on the notion that looking at mergers from a financial point of view may provide a valid plat ...
IA Clarington Investments Inc. Simplified Prospectus June 20, 2017
... Series T10, Series V, Series X and Series Y units or shares as indicated below: Money Market Funds IA Clarington Money Market Fund (Series A, B, DA, DF, F, I, L, O and X) Fixed Income Funds IA Clarington Bond Fund (Series A, F, I, L, O and X) IA Clarington Core Plus Bond Fund (Series A, E, E4, F, F4 ...
... Series T10, Series V, Series X and Series Y units or shares as indicated below: Money Market Funds IA Clarington Money Market Fund (Series A, B, DA, DF, F, I, L, O and X) Fixed Income Funds IA Clarington Bond Fund (Series A, F, I, L, O and X) IA Clarington Core Plus Bond Fund (Series A, E, E4, F, F4 ...
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.