Dividend Yield vs. Dividend Growth
... The hypothetical backtested performance does not represent the results of actual trading using client assets nor decision-making during the period and does not and is not intended to indicate the past performance or future performance of any account or investment strategy managed by OSAM. If actual ...
... The hypothetical backtested performance does not represent the results of actual trading using client assets nor decision-making during the period and does not and is not intended to indicate the past performance or future performance of any account or investment strategy managed by OSAM. If actual ...
Equilibrium asset prices with undiversifiable labor income risk
... information. As a consequence, insurance contracts contingent on unobservable realizations of F cannot be written, and second-period endowment risk cannot be pooled in a decentralized economy. This feature of the model should be, of course, understood as a metaphor for the nonavailability of full in ...
... information. As a consequence, insurance contracts contingent on unobservable realizations of F cannot be written, and second-period endowment risk cannot be pooled in a decentralized economy. This feature of the model should be, of course, understood as a metaphor for the nonavailability of full in ...
COMPREhENSivE ANNUAl FiNANciAl REPORt
... judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in orde ...
... judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in orde ...
RRSP vs TFSA - Pro
... children. Many people, as they start to approach “retirement years”, would like to at least maintain or improve the same lifestyle that they had during their working years. Often, it is assumed that this will happen because there are government benefits available and maybe even incomes from an emplo ...
... children. Many people, as they start to approach “retirement years”, would like to at least maintain or improve the same lifestyle that they had during their working years. Often, it is assumed that this will happen because there are government benefits available and maybe even incomes from an emplo ...
The Predictability of Real Estate Returns and Market
... associated with the optimal amount of real estate to hold in a portfolio but also given the findings of Gyourko and Keim (1990). They find that returns on real estate investment trusts (REITs) and real estate related companies can predict returns on the Frank Russell Company (FRC) appraisal based r ...
... associated with the optimal amount of real estate to hold in a portfolio but also given the findings of Gyourko and Keim (1990). They find that returns on real estate investment trusts (REITs) and real estate related companies can predict returns on the Frank Russell Company (FRC) appraisal based r ...
exp06-Nagel 3988118 en
... retirement accounts are excluded. Stock holdings divided by liquid assets yields the proportion invested in stocks. We also construct a control variable proxying for total wealth, which is the net worth of the household, including liquid assets, debts, home equity, the value of vehicles, and retirem ...
... retirement accounts are excluded. Stock holdings divided by liquid assets yields the proportion invested in stocks. We also construct a control variable proxying for total wealth, which is the net worth of the household, including liquid assets, debts, home equity, the value of vehicles, and retirem ...
U S A 2009
... Statement of Net Assets The statement of net assets presents the assets, liabilities, and net assets of the University at September 30, 2009 and 2008. The net assets are displayed in three parts: invested in capital assets, net of related debt, restricted and unrestricted. Restricted net assets may ...
... Statement of Net Assets The statement of net assets presents the assets, liabilities, and net assets of the University at September 30, 2009 and 2008. The net assets are displayed in three parts: invested in capital assets, net of related debt, restricted and unrestricted. Restricted net assets may ...
Stock characteristics and market myopia
... In order to test our hypothesis, we analyze two countries, the UK and Spain, which are clearly differentiated in terms of their market-clearing mechanisms and stock characteristics. They also possess contrasting profiles in terms of the cultural dimensions coined by Hofstede (2001). These conditions ...
... In order to test our hypothesis, we analyze two countries, the UK and Spain, which are clearly differentiated in terms of their market-clearing mechanisms and stock characteristics. They also possess contrasting profiles in terms of the cultural dimensions coined by Hofstede (2001). These conditions ...
Corporate Finance
... Understanding Principles of Financial Valuation 1. Introduction to the Course. Why is Finance Corporate? The Foundations for Proper Financial Analysis of the Firm The advantages of corporate firm over the sole traders and partnerships. The life-cycle of the corporation at the capital market: funds r ...
... Understanding Principles of Financial Valuation 1. Introduction to the Course. Why is Finance Corporate? The Foundations for Proper Financial Analysis of the Firm The advantages of corporate firm over the sole traders and partnerships. The life-cycle of the corporation at the capital market: funds r ...
Evaluating the Dynamic Nature of Market Risk by Todd Hubbs, Todd
... time period (Jensen, 1969). This discussion developed in the subsequent decades and eventually settled on a consensus that beta, in fact, is not stable. Although, beta’s lack of stability has led some researchers to reject beta as a measure of risk, Fabozzi and Francis (1978) suggest the dynamic na ...
... time period (Jensen, 1969). This discussion developed in the subsequent decades and eventually settled on a consensus that beta, in fact, is not stable. Although, beta’s lack of stability has led some researchers to reject beta as a measure of risk, Fabozzi and Francis (1978) suggest the dynamic na ...
Commercial real estate debt
... • Given the illiquid nature of some long duration insurance liabilities (i.e., annuities), insurers are able to invest in less liquid assets if these are held to maturity with the intention to match such liabilities. When compared to their liquid equivalents, certain illiquid assets have more compl ...
... • Given the illiquid nature of some long duration insurance liabilities (i.e., annuities), insurers are able to invest in less liquid assets if these are held to maturity with the intention to match such liabilities. When compared to their liquid equivalents, certain illiquid assets have more compl ...
More of the same? In Focus: Markets as we see them
... Global trade, the spread of the internet, and wider technological advances are the three that we tackle here. ...
... Global trade, the spread of the internet, and wider technological advances are the three that we tackle here. ...
popular earnings management techniques
... Companies often buy stock in other companies either to invest excess funds or to achieve some type of strategic alliance. GAAP presumes that investments of less than 20 percent of the stock of another company are passive investments and therefore the investing company need not include a share of the ...
... Companies often buy stock in other companies either to invest excess funds or to achieve some type of strategic alliance. GAAP presumes that investments of less than 20 percent of the stock of another company are passive investments and therefore the investing company need not include a share of the ...
10 innovations in global philanthropy
... 100% impact investing. The UK is already one of the most generous nations, and a leader in social investment. But we would like to see a higher proportion of accumulated wealth being put to better use. There is no legal requirement for a particular percentage of a foundation’s assets to be distribut ...
... 100% impact investing. The UK is already one of the most generous nations, and a leader in social investment. But we would like to see a higher proportion of accumulated wealth being put to better use. There is no legal requirement for a particular percentage of a foundation’s assets to be distribut ...
Cost of Capital in Imperfect Competition Settings
... degree to which the market is illiquid (or the magnitude of the cost of trading) is endogenously determined, not exogenously imposed. 3 While our model derives from prior work, it is important to point out that Kyle (1989) does not discuss the cost of capital or its determinants; instead, Kyle focu ...
... degree to which the market is illiquid (or the magnitude of the cost of trading) is endogenously determined, not exogenously imposed. 3 While our model derives from prior work, it is important to point out that Kyle (1989) does not discuss the cost of capital or its determinants; instead, Kyle focu ...
INVESTING IN THE GREAT LAKES REGION: AN INVESTMENT
... OSESG and ICGLR would like to acknowledge all of those who contributed to the development of this Investment Opportunities Brief (IOB) compendium of documents that are intended to illustrate and promote the investment opportunities that exist and that are emerging in the Democratic Republic of the C ...
... OSESG and ICGLR would like to acknowledge all of those who contributed to the development of this Investment Opportunities Brief (IOB) compendium of documents that are intended to illustrate and promote the investment opportunities that exist and that are emerging in the Democratic Republic of the C ...
1) When those most likely to produce the outcome insured against
... persons who have contracted AIDS attempt to purchase life insurance. life-long chain smokers attempt to purchase life insurance. school teachers attempt to purchase life insurance. all of the above attempt to purchase life insurance. only (a) and (b) of the above attempt to purchase life insurance. ...
... persons who have contracted AIDS attempt to purchase life insurance. life-long chain smokers attempt to purchase life insurance. school teachers attempt to purchase life insurance. all of the above attempt to purchase life insurance. only (a) and (b) of the above attempt to purchase life insurance. ...
Trading and Electronic Markets
... needs for speed: They must (1) take a trading opportunity before they lose it to others, (2) submit orders before others to be first in line, and (3) cancel orders they no longer want to fill before someone else fills them. Electronic traders do not need to be fast to trade effectively—they just nee ...
... needs for speed: They must (1) take a trading opportunity before they lose it to others, (2) submit orders before others to be first in line, and (3) cancel orders they no longer want to fill before someone else fills them. Electronic traders do not need to be fast to trade effectively—they just nee ...
Financing Durable Assets
... Our model is also related to the literature on technology adoption. Chari and Hopenhayn (1991) show that new technologies are adopted slowly in an economy with vintagespecific human capital and that economies continue to invest in older vintages. In our model firms may choose to invest in less durab ...
... Our model is also related to the literature on technology adoption. Chari and Hopenhayn (1991) show that new technologies are adopted slowly in an economy with vintagespecific human capital and that economies continue to invest in older vintages. In our model firms may choose to invest in less durab ...
Chapter 11 Dividend Policy
... two shares of 50c each, thus creating cheaper shares with greater marketability. There is possibly an added psychological advantage, in that investors may expect a company which splits its shares in this way to be planning for substantial earnings growth and dividend growth in the future. 4.2.2 As a ...
... two shares of 50c each, thus creating cheaper shares with greater marketability. There is possibly an added psychological advantage, in that investors may expect a company which splits its shares in this way to be planning for substantial earnings growth and dividend growth in the future. 4.2.2 As a ...
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.