CBO Long-Term Budget Outlook March 2017
... investment that is projected to result from rising federal debt. ...
... investment that is projected to result from rising federal debt. ...
Capital structure and volatility of risk
... volatility is not stochastic the market can learn from history about firm volatility. On the other hand, in firms with high volatility of volatility, it is harder for the market to learn, and often the insiders have a better read on its current volatility. In such a setting of asymmetric information ...
... volatility is not stochastic the market can learn from history about firm volatility. On the other hand, in firms with high volatility of volatility, it is harder for the market to learn, and often the insiders have a better read on its current volatility. In such a setting of asymmetric information ...
Green Budget - Institute for Fiscal Studies
... incapacity and disability benefits, in light of the government’s ambitious commitment to halve the disability employment gap. We analyse the tax treatment of employees, the selfemployed and owner-managers – a complex topic but one that is increasingly important given how the labour market is changin ...
... incapacity and disability benefits, in light of the government’s ambitious commitment to halve the disability employment gap. We analyse the tax treatment of employees, the selfemployed and owner-managers – a complex topic but one that is increasingly important given how the labour market is changin ...
Diamondback Energy, Inc.
... Bbls/d of oil, 18,795 Mcf/d of natural gas and 4,276 Bbls/d of natural gas liquids, an increase of 14,596 BOE/d, or 93%, from average daily production of 15,706 BOE/d for the six months ended June 30, 2014, consisting of 11,993 Bbls/d of oil, 9,380 Mcf/d of natural gas and 2,150 Bbls/d of natural ga ...
... Bbls/d of oil, 18,795 Mcf/d of natural gas and 4,276 Bbls/d of natural gas liquids, an increase of 14,596 BOE/d, or 93%, from average daily production of 15,706 BOE/d for the six months ended June 30, 2014, consisting of 11,993 Bbls/d of oil, 9,380 Mcf/d of natural gas and 2,150 Bbls/d of natural ga ...
0001053532-17-000022 - Lasalle Hotel Properties
... periods presented. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 due to seasonal and other factors. These consolidated financial statements should be read in conjunction with the au ...
... periods presented. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 due to seasonal and other factors. These consolidated financial statements should be read in conjunction with the au ...
PINNACLE WEST CAPITAL CORP (Form: 8-K
... * APS noted that its April 19, 2002 filing with the ACC had sought unification of "PWEC Assets" (West Phoenix Combined Cycle Units 4 and 5, Redhawk Units 1 and 2, and Saguaro Combustion Turbine Unit 3) and APS generation assets under a common financial and regulatory regime. APS further noted that t ...
... * APS noted that its April 19, 2002 filing with the ACC had sought unification of "PWEC Assets" (West Phoenix Combined Cycle Units 4 and 5, Redhawk Units 1 and 2, and Saguaro Combustion Turbine Unit 3) and APS generation assets under a common financial and regulatory regime. APS further noted that t ...
Document
... The situation is little changed from what we reported on last year, with the exception that the situation is getting a little closer to the edge in both Europe and North America Sovereign Debt Crises are not new; we have seen sovereign defaults and economic collapses of sovereign states over centuri ...
... The situation is little changed from what we reported on last year, with the exception that the situation is getting a little closer to the edge in both Europe and North America Sovereign Debt Crises are not new; we have seen sovereign defaults and economic collapses of sovereign states over centuri ...
- UConn School of Business
... actions that maximize the value of equity. Yet, managers often have their own incentives that may not be perfectly aligned with shareholders' interests. These include reputation concerns (Narayanan (1985)), empire-building interests (Jensen’s (1986)), and risk-aversion due to undiversified wealth an ...
... actions that maximize the value of equity. Yet, managers often have their own incentives that may not be perfectly aligned with shareholders' interests. These include reputation concerns (Narayanan (1985)), empire-building interests (Jensen’s (1986)), and risk-aversion due to undiversified wealth an ...
De Nederlandsche Bank Monetary and Economic Policy
... With the tearing down of the Berlin Wall in 1989, Central and Eastern European (CEE) countries began a process of profound economic transition. Socialist institutions disappeared, whereas new capitalist inspired institutions – such as well-functioning legal systems – were introduced later. Moreover, ...
... With the tearing down of the Berlin Wall in 1989, Central and Eastern European (CEE) countries began a process of profound economic transition. Socialist institutions disappeared, whereas new capitalist inspired institutions – such as well-functioning legal systems – were introduced later. Moreover, ...
unit 7 financial and operating leverage module - 2
... profits. The ordinary shareholders are entitled to the residual income. That is, earnings after interest and taxes (less preference dividends) belong to them. The rate of the equity dividend is not fixed and depends on the dividend policy of a company. The use of the fixed-charges sources of funds, ...
... profits. The ordinary shareholders are entitled to the residual income. That is, earnings after interest and taxes (less preference dividends) belong to them. The rate of the equity dividend is not fixed and depends on the dividend policy of a company. The use of the fixed-charges sources of funds, ...
Centene Corporation - corporate
... This prospectus is part of an automatic “shelf” registration statement on Form S-3 that we filed with the Securities and Exchange Commission, or SEC, as a “well-known seasoned issuer” as defined in Rule 405 under the Securities Act of 1933, as amended (the “Securities Act”). Under this shelf registr ...
... This prospectus is part of an automatic “shelf” registration statement on Form S-3 that we filed with the Securities and Exchange Commission, or SEC, as a “well-known seasoned issuer” as defined in Rule 405 under the Securities Act of 1933, as amended (the “Securities Act”). Under this shelf registr ...
Leverage and Capital Structure
... return and risk. Unlike some causes of risk, management has almost complete control over the risk introduced through the use of leverage. Because of its effect on value, the financial manager must understand how to measure and evaluate leverage, particularly when making capital structure decisions. ...
... return and risk. Unlike some causes of risk, management has almost complete control over the risk introduced through the use of leverage. Because of its effect on value, the financial manager must understand how to measure and evaluate leverage, particularly when making capital structure decisions. ...
Initial Phase - World Bank Group
... A business, even though not currently able to meet its obligations, can sometimes be restructured so that creditors receive more from future profits (or a sale of company) than the “auction value” of the assets; excess of “going-concern value” of assets over “auction value” (“going-concern premium”) ...
... A business, even though not currently able to meet its obligations, can sometimes be restructured so that creditors receive more from future profits (or a sale of company) than the “auction value” of the assets; excess of “going-concern value” of assets over “auction value” (“going-concern premium”) ...
File - Amy Toman e
... financial ratios are the most important because this is what investors look at in order to determine if they will invest in a company. The four categories of financial ratios are: liquidity ratios, solvency ratios, profitability ratios, and efficiency ratios. According to Hawawini and Viallet (2011) ...
... financial ratios are the most important because this is what investors look at in order to determine if they will invest in a company. The four categories of financial ratios are: liquidity ratios, solvency ratios, profitability ratios, and efficiency ratios. According to Hawawini and Viallet (2011) ...
Debt Refinancing and Equity Returns∗
... intensity may have the same expected return as a firm with low leverage but high debt refinancing intensity. Put differently, the model implies that, in the cross-section of firms, expected equity returns increase with leverage only when controlling for firms’ refinancing intensities. Additionally, ...
... intensity may have the same expected return as a firm with low leverage but high debt refinancing intensity. Put differently, the model implies that, in the cross-section of firms, expected equity returns increase with leverage only when controlling for firms’ refinancing intensities. Additionally, ...
CHAPTER 2
... methods from period to period within a company. Without consistency in the application of accounting principles, it is difficult to determine whether a company is better off, worse off, or the same from period to period. ...
... methods from period to period within a company. Without consistency in the application of accounting principles, it is difficult to determine whether a company is better off, worse off, or the same from period to period. ...
The Gains from Resolving Debt Overhang: Evidence from a
... respectively. Although the estimated moments are similar to those in the data, by taking the distribution as given for our estimation procedure, there are massive computational gains. ...
... respectively. Although the estimated moments are similar to those in the data, by taking the distribution as given for our estimation procedure, there are massive computational gains. ...
Government Debt and Risk Premia - Penn Economics
... This paper documents a set of new facts about the effects of government debt on asset prices in the United States. High debt-to-GDP ratios are related to high equity risk premia, high credit risk premia, low risk-free rates, low expected returns on government debt, and high fiscal policy uncertainty ...
... This paper documents a set of new facts about the effects of government debt on asset prices in the United States. High debt-to-GDP ratios are related to high equity risk premia, high credit risk premia, low risk-free rates, low expected returns on government debt, and high fiscal policy uncertainty ...
ABSTRACT ESSAYS IN INTERNATIONAL FINANCE Christian Daude, Doctor of Philosophy, 2008
... and Marcelo Oviedo who shared their data with me or helped to construct some of the datasets used in this dissertation. I would also like to thank my parents for their support during many years and encouraging me to pursue my Ph.D. in economics, even if this meant that I would be far away, again. My ...
... and Marcelo Oviedo who shared their data with me or helped to construct some of the datasets used in this dissertation. I would also like to thank my parents for their support during many years and encouraging me to pursue my Ph.D. in economics, even if this meant that I would be far away, again. My ...
Reporting Form ARF 210 Liquidity Instruction Guide
... Unencumbered assets are not pledged by the ADI (either explicitly or implicitly) to secure, collateralise or credit-enhance any transaction. However, assets that the ADI received as collateral in reverse repo and securities financing transactions can be considered as part of the stock if they are he ...
... Unencumbered assets are not pledged by the ADI (either explicitly or implicitly) to secure, collateralise or credit-enhance any transaction. However, assets that the ADI received as collateral in reverse repo and securities financing transactions can be considered as part of the stock if they are he ...
Greece
... first time in four years. Yields on long-term Greek government bonds have fallen to below preprogram levels. The government raised €3 billion in 5-year bonds at a yield of 4.95 percent in mid-April, providing a benchmark yield for banks and corporate seeking to re-access markets. Two pillar banks, A ...
... first time in four years. Yields on long-term Greek government bonds have fallen to below preprogram levels. The government raised €3 billion in 5-year bonds at a yield of 4.95 percent in mid-April, providing a benchmark yield for banks and corporate seeking to re-access markets. Two pillar banks, A ...
Chapter 2: A Further Look at Financial Statements
... better off, worse off, or in the same position from period to period. When a change is made in accounting principles or methods a company is required to disclose information about the change. ...
... better off, worse off, or in the same position from period to period. When a change is made in accounting principles or methods a company is required to disclose information about the change. ...
Subprime Lending, Suboptimal Bankruptcy: A Proposal to Amend
... in financial security caused by subprime mortgage lending and rising foreclosure rates has taken its toll on borrowers, their families, and the communities in which they live. The high cost of subprime credit is making it increasingly difficult for subprime borrowers to make ends meet. Stretched to ...
... in financial security caused by subprime mortgage lending and rising foreclosure rates has taken its toll on borrowers, their families, and the communities in which they live. The high cost of subprime credit is making it increasingly difficult for subprime borrowers to make ends meet. Stretched to ...
Does austerity pay off?
... We establish a number of basic facts regarding default premia. First, premia vary considerably across time and countries. In some instances they are virtually zero, in others they are as high as 25 percentage points. The large number of observations allows us to compute the empirical density functio ...
... We establish a number of basic facts regarding default premia. First, premia vary considerably across time and countries. In some instances they are virtually zero, in others they are as high as 25 percentage points. The large number of observations allows us to compute the empirical density functio ...
LEYR rev2 - Law and Economics Yearly Review
... counter analysis was that sooner or later, central banks would have to ‘serve up’ these contracts in the event of market crisis, also because some of the contracts were quasi-money. However, it was thought that the rationality of the market would never be pushed into generating serious crises, such ...
... counter analysis was that sooner or later, central banks would have to ‘serve up’ these contracts in the event of market crisis, also because some of the contracts were quasi-money. However, it was thought that the rationality of the market would never be pushed into generating serious crises, such ...