Corporate Finance
... Bottom line: Large cash balances would not be tolerated in this company. Expect to face relentless pressure to pay out more dividends. ...
... Bottom line: Large cash balances would not be tolerated in this company. Expect to face relentless pressure to pay out more dividends. ...
UBS House View
... Several long-term drivers support the theme, such as urbanization, tighter regulation and growing consumer awareness about product quality, data security, environmental protection and social responsibility. We think the addressable market is a defensive one that offers attractive growth rates in the ...
... Several long-term drivers support the theme, such as urbanization, tighter regulation and growing consumer awareness about product quality, data security, environmental protection and social responsibility. We think the addressable market is a defensive one that offers attractive growth rates in the ...
Liquidity article - Zebra Capital Management
... for which the investors should be compensated, resulting in lower valuation for a lowvolume stock. However, in another study, Lee and Swaminathan (1998) show that the liquidity hypothesis is not totally consistent with their evidence. They study the joint interaction between past stock price momentu ...
... for which the investors should be compensated, resulting in lower valuation for a lowvolume stock. However, in another study, Lee and Swaminathan (1998) show that the liquidity hypothesis is not totally consistent with their evidence. They study the joint interaction between past stock price momentu ...
Market force, ecology and evolution
... possible to make inferences about identity. Thus some traders may have a bigger influence on price formation than others (e.g. O’Hara, 1995). 9This derivation, along with many of the other results in this paper, was presented at a seminar at Jussieu in Paris, in June 1997. A similar derivation was g ...
... possible to make inferences about identity. Thus some traders may have a bigger influence on price formation than others (e.g. O’Hara, 1995). 9This derivation, along with many of the other results in this paper, was presented at a seminar at Jussieu in Paris, in June 1997. A similar derivation was g ...
Investments in rental apartments
... about two years. While the queuing time for a similar apartment in the old stock with a rent between 900 to 1100 Swedish kronor per square meter is almost twice as long (Bo ...
... about two years. While the queuing time for a similar apartment in the old stock with a rent between 900 to 1100 Swedish kronor per square meter is almost twice as long (Bo ...
BofA Finance LLC Capped Leveraged Index - corporate
... unsecured debt securities. Payments on the notes are fully and unconditionally guaranteed by BAC. The notes and the related guarantee are not insured by the Federal Deposit Insurance Corporation or secured by collateral. The notes will rank equally with all of BofA Finance's other unsecured and unsu ...
... unsecured debt securities. Payments on the notes are fully and unconditionally guaranteed by BAC. The notes and the related guarantee are not insured by the Federal Deposit Insurance Corporation or secured by collateral. The notes will rank equally with all of BofA Finance's other unsecured and unsu ...
Inflation and the Price of Real Assets ∗ Monika Piazzesi Martin Schneider
... in the 1995 SCF. In particular, it generates hump-shaped cohort market shares in wealth, real estate and equity, as well as net nominal positions that increase — and real estate shares that decrease — with age and net worth. The main mechanism behind these facts is that agents who expect more future ...
... in the 1995 SCF. In particular, it generates hump-shaped cohort market shares in wealth, real estate and equity, as well as net nominal positions that increase — and real estate shares that decrease — with age and net worth. The main mechanism behind these facts is that agents who expect more future ...
NSTAR Gas ROE Testimony
... company will not be able to attract capital if it does not offer investors an opportunity to ...
... company will not be able to attract capital if it does not offer investors an opportunity to ...
Reexamining the Financial Value of Information Technology Decisions
... events, the market may not have enough information to be efficient during the announcement period. While it may appear that greater disclosure by a firm of its IT capabilities will help reduce its cost of capital and increase its valuation, research in IS (e.g., Clemons 1991; Mata et al. 1995) find ...
... events, the market may not have enough information to be efficient during the announcement period. While it may appear that greater disclosure by a firm of its IT capabilities will help reduce its cost of capital and increase its valuation, research in IS (e.g., Clemons 1991; Mata et al. 1995) find ...
METLIFE INC (Form: 8-K, Received: 05/21/2013 06
... inherently difficult and are subject to numerous risks and uncertainties, including those identified in the “Risk Factors” section of MetLife, Inc.’s filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to publicly correct or update any forward-look ...
... inherently difficult and are subject to numerous risks and uncertainties, including those identified in the “Risk Factors” section of MetLife, Inc.’s filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to publicly correct or update any forward-look ...
PPF Long-Term Funding Strategy Update
... 6.3.2 There is currently hardly any market in CPI-linked investments, although the UK government is currently considering whether to issue bonds linked to CPI (a Debt Management Office consultation on this closed on 22 September this year). It is possible that the issuance of such bonds might serve ...
... 6.3.2 There is currently hardly any market in CPI-linked investments, although the UK government is currently considering whether to issue bonds linked to CPI (a Debt Management Office consultation on this closed on 22 September this year). It is possible that the issuance of such bonds might serve ...
Basel III Pillar 3 Regulatory Capital Disclosure Report 12.31.15
... negative effects on Synchrony’s capital structure of replacing common stock with any lower-tier form of regulatory capital issued. Further, limitations on the Bank’s payments of dividends and other distributions and payments that Synchrony receives from the Bank could limit Synchrony’s ability to pa ...
... negative effects on Synchrony’s capital structure of replacing common stock with any lower-tier form of regulatory capital issued. Further, limitations on the Bank’s payments of dividends and other distributions and payments that Synchrony receives from the Bank could limit Synchrony’s ability to pa ...
View/Open
... compared alternative estimation methods of the VaR measure. They found that when minimizing the risk of the portfolio, the correlation (dependence) measures were more important to model performance than the volatilities. The above examples focus on traditional enterprise diversification and looking ...
... compared alternative estimation methods of the VaR measure. They found that when minimizing the risk of the portfolio, the correlation (dependence) measures were more important to model performance than the volatilities. The above examples focus on traditional enterprise diversification and looking ...
Equilibrium Cross-Section of Returns
... The cross-sectional properties of stock returns have attracted considerable attention in recent empirical literature in financial economics. One of the best known studies, by Fama and French (1992), uncovers the relations between firm characteristics such as book-to-market ratio and firm size and stock ...
... The cross-sectional properties of stock returns have attracted considerable attention in recent empirical literature in financial economics. One of the best known studies, by Fama and French (1992), uncovers the relations between firm characteristics such as book-to-market ratio and firm size and stock ...
Icon
... investments such as real estate, tend to disappoint the investors just as some of the stocks and bonds during a financial turmoil. Therefore, popularity of collectible assets has increased substantially after the crisis of 2008 (Deloitte Art & Finance Report, 2011). Due to this increased recognition ...
... investments such as real estate, tend to disappoint the investors just as some of the stocks and bonds during a financial turmoil. Therefore, popularity of collectible assets has increased substantially after the crisis of 2008 (Deloitte Art & Finance Report, 2011). Due to this increased recognition ...
Chapter 1: Understanding Personal Finance
... Make the following your money habits in estate planning: 1. Every three years or whenever your family situation changes, review the beneficiary and ownership designations in your life insurance policies, retirement plans, bank accounts, and other assets to make certain they will transfer the propert ...
... Make the following your money habits in estate planning: 1. Every three years or whenever your family situation changes, review the beneficiary and ownership designations in your life insurance policies, retirement plans, bank accounts, and other assets to make certain they will transfer the propert ...
FINANCIAL STATEMENTS JUNE 30, 2003 RAMAPO COLLEGE OF NEW JERSEY
... financial condition of the College, while the change in net assets is an indicator of whether the overall financial condition has improver or worsened during the year. Net assets consist of three major categories. The first category, invested in capital, net of related debt, provides the College’s e ...
... financial condition of the College, while the change in net assets is an indicator of whether the overall financial condition has improver or worsened during the year. Net assets consist of three major categories. The first category, invested in capital, net of related debt, provides the College’s e ...
Research on Evaluation of Regional Innovation System Environmental Risk
... 3.3 Financial risk The financial risk means the indetermination which the factor of finance or capital market brings to RIS development. At present, most technology innovation, especially that of high-tech industry, demand a great deal of funds devotion, although the innovation cooperator can share ...
... 3.3 Financial risk The financial risk means the indetermination which the factor of finance or capital market brings to RIS development. At present, most technology innovation, especially that of high-tech industry, demand a great deal of funds devotion, although the innovation cooperator can share ...
Ineffi cient Investment Waves - The University of Chicago Booth
... resources required to absorb cash-‡ow shocks and to take advantage of time-varying investment opportunities. Firms hold liquid resources both to avoid ine¢ cient liquidation of productive capital in case of adverse cash-‡ow shocks and to be prepared for potentially cash-intensive future investment o ...
... resources required to absorb cash-‡ow shocks and to take advantage of time-varying investment opportunities. Firms hold liquid resources both to avoid ine¢ cient liquidation of productive capital in case of adverse cash-‡ow shocks and to be prepared for potentially cash-intensive future investment o ...
Components of Target Capital for Life Companies
... “For our risk and investment strategy we need to be able to quantify the cash flow structure and the risk bearing capacity of our portfolios. For this the SST is a good (although in many aspects still to be modified and enhanced) basis. In addition, we can use the SST to test capital requirements fo ...
... “For our risk and investment strategy we need to be able to quantify the cash flow structure and the risk bearing capacity of our portfolios. For this the SST is a good (although in many aspects still to be modified and enhanced) basis. In addition, we can use the SST to test capital requirements fo ...
Growth Theory through the Lens of Development
... A first source of evidence is the “Summary Report on Informal Credit Markets in India” (Dasgupta (1989)), which reports results from a number of case studies that were commissioned by the Asian Development Bank and carried out under the aegis of the National Institute of Public Finance and Policy. F ...
... A first source of evidence is the “Summary Report on Informal Credit Markets in India” (Dasgupta (1989)), which reports results from a number of case studies that were commissioned by the Asian Development Bank and carried out under the aegis of the National Institute of Public Finance and Policy. F ...
Notes to Consolidated Financial Statements
... assets” on our consolidated balance sheets, were $1,303 at December 31, 2010, and $885 at December 31, 2009. Wireless handsets and accessories, which are valued at the lower of cost or market (determined using current replacement cost) were $1,185 as of December 31, 2010, and $790 as of December 31, ...
... assets” on our consolidated balance sheets, were $1,303 at December 31, 2010, and $885 at December 31, 2009. Wireless handsets and accessories, which are valued at the lower of cost or market (determined using current replacement cost) were $1,185 as of December 31, 2010, and $790 as of December 31, ...
Notes to Consolidated Financial Statements
... either usage (e.g., minutes of traffic/bytes of data processed), period of time (e.g., monthly service fees) or other established fee schedules. Our wireless service revenues are billed either in advance, arrears or are prepaid. We record an estimated revenue reduction for future adjustments to cust ...
... either usage (e.g., minutes of traffic/bytes of data processed), period of time (e.g., monthly service fees) or other established fee schedules. Our wireless service revenues are billed either in advance, arrears or are prepaid. We record an estimated revenue reduction for future adjustments to cust ...
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.