FOREIGN DIRECT INVESTMENT IN A SMALL OPEN ECONOMY
... largest investors in the Balkans as well as Central and Eastern European Countries (CEECs) (Demos et al., 2004; Stoian and Filippaios, 2007). Greek firms making the most of their geographical proximity and capitalising on their cultural and commercial links with CEECs are heavily investing in those ...
... largest investors in the Balkans as well as Central and Eastern European Countries (CEECs) (Demos et al., 2004; Stoian and Filippaios, 2007). Greek firms making the most of their geographical proximity and capitalising on their cultural and commercial links with CEECs are heavily investing in those ...
Topic 4: Asymmetric information models of capital structure
... firm’s type can take only two possible values: it can be either high or low. Later on we shall generalize this to the case where there is a continuum of firm’s types. The model evolves as usual in two periods. In period 1, an entrepreneur establishes a firm and needs to raise I dollars from external ...
... firm’s type can take only two possible values: it can be either high or low. Later on we shall generalize this to the case where there is a continuum of firm’s types. The model evolves as usual in two periods. In period 1, an entrepreneur establishes a firm and needs to raise I dollars from external ...
The Low Carbon Economy
... and LED savings as key contributors. This could mean that overall energy-related emissions peak around 2020 – rather than continue to increase gradually over the next decade as mainstream modelling, like the IEA’s INDC scenario suggests (which assumes that countries honour their Paris commitments). ...
... and LED savings as key contributors. This could mean that overall energy-related emissions peak around 2020 – rather than continue to increase gradually over the next decade as mainstream modelling, like the IEA’s INDC scenario suggests (which assumes that countries honour their Paris commitments). ...
Morningstar Strategic Beta Guide
... re these attributes new Morningstar categories? No, these are attribute tags. They are not intended to replace or override the Morningstar Category system, which continues to represent these products’ peer groups. Strategic beta portfolios are assigned a Morningstar Category to calculate the Morni ...
... re these attributes new Morningstar categories? No, these are attribute tags. They are not intended to replace or override the Morningstar Category system, which continues to represent these products’ peer groups. Strategic beta portfolios are assigned a Morningstar Category to calculate the Morni ...
Why Capital Markets Matter
... HOWARD DAVIES former Chairman of the Financial Services Authority (Regulator of all providers of financial services in the UK) i ...
... HOWARD DAVIES former Chairman of the Financial Services Authority (Regulator of all providers of financial services in the UK) i ...
The effect of BITs, a two-sided story
... of a BIT, concluded between developed parties such as the US, Japan and the EU. There has recently been a lot of controversy concerning the content of TTIP, some argue that the settlement and d ...
... of a BIT, concluded between developed parties such as the US, Japan and the EU. There has recently been a lot of controversy concerning the content of TTIP, some argue that the settlement and d ...
Private Equity Investment in India: Efficiency vs Expansion
... firm outcomes, I then merge this combined dataset to Prowess, a database of financial information for large and medium-sized Indian firms. However, identifying a causal effect of PE is difficult. The main challenge is that PE does not flow to firms randomly but, instead, flows to larger, more succes ...
... firm outcomes, I then merge this combined dataset to Prowess, a database of financial information for large and medium-sized Indian firms. However, identifying a causal effect of PE is difficult. The main challenge is that PE does not flow to firms randomly but, instead, flows to larger, more succes ...
Investment risks - Lecture 10: Asset allocation methods
... Make • Thus, there are two decisions that an investor must make: • 1. Which is the risky stock portfolio that results in the best risk-return tradeoff? • 2. After making the choice of the risky stock portfolio, how should you allocate your assets between this risky portfolio and the riskfree asset? ...
... Make • Thus, there are two decisions that an investor must make: • 1. Which is the risky stock portfolio that results in the best risk-return tradeoff? • 2. After making the choice of the risky stock portfolio, how should you allocate your assets between this risky portfolio and the riskfree asset? ...
Moulton
... Investing has two costs: Depreciation (the wearing out or obsolescence of an asset as it approaches the end of its useful life) Time cost of money (the returns that the investment could have earned, had it been invested in another asset, such as a bond – or used to repay money borrowed). ...
... Investing has two costs: Depreciation (the wearing out or obsolescence of an asset as it approaches the end of its useful life) Time cost of money (the returns that the investment could have earned, had it been invested in another asset, such as a bond – or used to repay money borrowed). ...
Stagnation nation? Australian investment in a low
... economy, and with lower capital goods prices, businesses can thrive with lower levels of investment. But about a third of the fall in nonmining investment is a result of the economy growing slowly, which discourages businesses from investing. ...
... economy, and with lower capital goods prices, businesses can thrive with lower levels of investment. But about a third of the fall in nonmining investment is a result of the economy growing slowly, which discourages businesses from investing. ...
Learning objectives - ICAI Knowledge Gateway
... and critical business decisions of a firm. Since these decisions need huge amount of capital outlay, are surrounded by great number of uncertainties and have long-term implications, therefore, there is an underlying need for thoughtful and correct decision-making. Capital budgeting decision-making i ...
... and critical business decisions of a firm. Since these decisions need huge amount of capital outlay, are surrounded by great number of uncertainties and have long-term implications, therefore, there is an underlying need for thoughtful and correct decision-making. Capital budgeting decision-making i ...
NBER WORKING PAPER SERIES TRANSITION TO FDI OPENNESS: RECONCILING THEORY AND EVIDENCE
... dynamic general equilibrium model with a large number of integrated countries. Multinationals in the model choose investments in tangible capital, plant-specific intangible capital, and technology capital, both at home and abroad. With many countries and different types of capital, the problem is tr ...
... dynamic general equilibrium model with a large number of integrated countries. Multinationals in the model choose investments in tangible capital, plant-specific intangible capital, and technology capital, both at home and abroad. With many countries and different types of capital, the problem is tr ...
LCwasL37_en.pdf
... Exports o f automotive products increased by 5% , compared to 10% in 1994. Exports o f cars expanded little, while the increase in exports o f parts to Canada was offset by a decrease to M exico. In turn, consumer goods grew 7 .7 % , down from an increase o f 9.5% the previous year, as durable goods ...
... Exports o f automotive products increased by 5% , compared to 10% in 1994. Exports o f cars expanded little, while the increase in exports o f parts to Canada was offset by a decrease to M exico. In turn, consumer goods grew 7 .7 % , down from an increase o f 9.5% the previous year, as durable goods ...
Desirable Properties of an Ideal Risk Measure in
... maximizing an expected state dependent utility function (see Castagnoli and LiCalzi (1996,1999))). Thus, the benchmark approach is a generalization of the classic von Neumann–Morgenstern approach. In addition, the same investor could have multiple objectives and hence multiple benchmarks. Thus, risk ...
... maximizing an expected state dependent utility function (see Castagnoli and LiCalzi (1996,1999))). Thus, the benchmark approach is a generalization of the classic von Neumann–Morgenstern approach. In addition, the same investor could have multiple objectives and hence multiple benchmarks. Thus, risk ...
Chapter 15
... avoided Company profits depend on the economy – boom or recession Future economic growth is uncertain so cannot eliminate all risk Investors ...
... avoided Company profits depend on the economy – boom or recession Future economic growth is uncertain so cannot eliminate all risk Investors ...
The essential How will the Fed`s balance sheet return to normal?
... ST liquidity to sound financial institutions ST liquidity directly to borrowers and investors MBS & GSE debt US Treasuries ...
... ST liquidity to sound financial institutions ST liquidity directly to borrowers and investors MBS & GSE debt US Treasuries ...
Chapter 15
... avoided Company profits depend on the economy – boom or recession Future economic growth is uncertain so cannot eliminate all risk Investors ...
... avoided Company profits depend on the economy – boom or recession Future economic growth is uncertain so cannot eliminate all risk Investors ...
Tail Risk Hedging: A Roadmap for Asset Owners
... Plan sponsors need also determine the optimal trade horizon. This must be considered in the context of the portfolio’s horizon, whether it be strategic or tactical, but in either case, the implementation of the solution is dependent on the type and availability of instrument expirie ...
... Plan sponsors need also determine the optimal trade horizon. This must be considered in the context of the portfolio’s horizon, whether it be strategic or tactical, but in either case, the implementation of the solution is dependent on the type and availability of instrument expirie ...
Sec 0 Cover - 2 Title TOC Tabs Etc.XLS
... Laws of the State of North Carolina, along with policies and procedures of the North Carolina Local Government Commission, require that all local governments in the State publish a complete set of financial statements annually. The financial statements must be presented in conformity with accounting ...
... Laws of the State of North Carolina, along with policies and procedures of the North Carolina Local Government Commission, require that all local governments in the State publish a complete set of financial statements annually. The financial statements must be presented in conformity with accounting ...
Use SWIFT solutions to reduce your liquidity risk
... • Identify your SWIFT market share from a value or currency ...
... • Identify your SWIFT market share from a value or currency ...
Violent Conflict and Foreign Direct Investment in Developing
... Foreign direct investment (FDI) is often thought of as an engine for growth in developing economies. As Borensztein et al. (1998) explain, foreign direct investment is an important vehicle for the transfer of technology from richer countries to poorer ones, and as such, can generate more economic gr ...
... Foreign direct investment (FDI) is often thought of as an engine for growth in developing economies. As Borensztein et al. (1998) explain, foreign direct investment is an important vehicle for the transfer of technology from richer countries to poorer ones, and as such, can generate more economic gr ...
NBER WORKING PAPER SERIES INEFFICIENT INVESTMENT WAVES Zhiguo He Péter Kondor
... is little investment in new projects even if expected returns are high. While some of these patterns affect only certain industries,1 others affect the aggregate economy–e.g., the emerging market boom and bust at the end of 90s, or the recent housing boom around the mid 2000s and the crisis afterwar ...
... is little investment in new projects even if expected returns are high. While some of these patterns affect only certain industries,1 others affect the aggregate economy–e.g., the emerging market boom and bust at the end of 90s, or the recent housing boom around the mid 2000s and the crisis afterwar ...
NBER WORKING PAPER SERIES THE LIMITS OF FINANCIAL GLOBALIZATION René M. Stulz
... constituencies of the current rulers of the state and include redistributive taxes. The discretion of rulers to use the state for their own benefit creates an agency problem that I call “the agency problem of state ruler discretion.” When this agency problem is significant, corporations with profes ...
... constituencies of the current rulers of the state and include redistributive taxes. The discretion of rulers to use the state for their own benefit creates an agency problem that I call “the agency problem of state ruler discretion.” When this agency problem is significant, corporations with profes ...
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.