Regulating Contract Formation: Precontractual Reliance, Sunk
... the cornerstones of economic analysis of contract law—the problem of underinvestment in precontractual reliance. It is a well-known fact that negotiation is costly. Negotiating parties are required not only to invest their time and efforts (which means foregoing other opportunities) but also to pay ...
... the cornerstones of economic analysis of contract law—the problem of underinvestment in precontractual reliance. It is a well-known fact that negotiation is costly. Negotiating parties are required not only to invest their time and efforts (which means foregoing other opportunities) but also to pay ...
Chapter 8
... firms have the most bargaining power when the host government values what the firm has to offer, when the firm has multiple comparable alternatives, and when the firm has a long time to complete negotiations ...
... firms have the most bargaining power when the host government values what the firm has to offer, when the firm has multiple comparable alternatives, and when the firm has a long time to complete negotiations ...
Investor Preferences and Demand for Active Management
... active growth funds appeal to investors with strong risk-taking preferences while active value funds are attractive to investors seeking downside risk protection.8 We also investigate if our main results are robust to the control of market-wide investor sentiment. While investor sentiment may lead t ...
... active growth funds appeal to investors with strong risk-taking preferences while active value funds are attractive to investors seeking downside risk protection.8 We also investigate if our main results are robust to the control of market-wide investor sentiment. While investor sentiment may lead t ...
OECD - Business Angels Netzwerk Deutschland eV
... 4) Trends and developments in the Angel Market around the World ............................................43 Some of the key success factors for angel investing ..............................................................................43 Challenges for the angel investment market ............. ...
... 4) Trends and developments in the Angel Market around the World ............................................43 Some of the key success factors for angel investing ..............................................................................43 Challenges for the angel investment market ............. ...
Product Disclosure Statement
... (electronically or otherwise) in Australia. It is not available in any other country. Units in the Fund have not been, and will not be, registered under the U.S. Securities Act of 1933 or the securities laws of any of the states of the United States of America (U.S.). The Fund is not and will not be ...
... (electronically or otherwise) in Australia. It is not available in any other country. Units in the Fund have not been, and will not be, registered under the U.S. Securities Act of 1933 or the securities laws of any of the states of the United States of America (U.S.). The Fund is not and will not be ...
Beaumont Financial Partners, LLC
... market price. The Walnut Street Funds utilize different brokers based on the broker's ability to fill orders, availability of certain offerings, execution and transaction costs. The Charles Schwab commission schedule includes a flat $8.95 fee for each equity trade executed electronically. Schwab's o ...
... market price. The Walnut Street Funds utilize different brokers based on the broker's ability to fill orders, availability of certain offerings, execution and transaction costs. The Charles Schwab commission schedule includes a flat $8.95 fee for each equity trade executed electronically. Schwab's o ...
Does the East Get What Would Otherwise Flow to the South? FDI
... where Xij is the value of the FDI flow from country i (home country) to country j (host country), GDPj is the gross domestic product in the host country, POPj is the population of the host country and Distij is the distance between the two countries. Following Brenton et al. (1999), this model also ...
... where Xij is the value of the FDI flow from country i (home country) to country j (host country), GDPj is the gross domestic product in the host country, POPj is the population of the host country and Distij is the distance between the two countries. Following Brenton et al. (1999), this model also ...
Do Shareholder Preferences Affect Corporate
... same time, other investors will include the firm in their portfolios because they believe that its managers are making the correct amount of investment given the economic and industry conditions faced by the firm. Second, in the presence of agency issues due to the separation of ownership and contro ...
... same time, other investors will include the firm in their portfolios because they believe that its managers are making the correct amount of investment given the economic and industry conditions faced by the firm. Second, in the presence of agency issues due to the separation of ownership and contro ...
Model Investment Law Draft
... Drafting Note 1: This Act does not define the types of insurers subject to its provisions, leaving this to other sections of the code since state laws treat insurers writing various lines of insurance differently. For example, if an entity is authorized to operate as a health maintenance organizatio ...
... Drafting Note 1: This Act does not define the types of insurers subject to its provisions, leaving this to other sections of the code since state laws treat insurers writing various lines of insurance differently. For example, if an entity is authorized to operate as a health maintenance organizatio ...
DOCX file of IMPACT-Australia: Investment for social and
... care about as a society. This report has been informed by significant research based on a review of the Australian and international literature and insights and experience from the field in Australia. The vision reflected here for what impact investing could, and perhaps should, be in Australia part ...
... care about as a society. This report has been informed by significant research based on a review of the Australian and international literature and insights and experience from the field in Australia. The vision reflected here for what impact investing could, and perhaps should, be in Australia part ...
volatility as an asset class
... leverage effect: A decline in the value of a company’s equity results in an increase of the company’s balance sheet leverage, making its equity more risky and hence increasing the volatility of its share price. ...
... leverage effect: A decline in the value of a company’s equity results in an increase of the company’s balance sheet leverage, making its equity more risky and hence increasing the volatility of its share price. ...
1/N and Long Run Optimal Portfolios
... means that in mixed asset menus that include public real estate investment vehicles, the application of explicit optimized portfolio strategies pays off over time in actual, ex-post terms. Such superior performance holds with respect to both naive strategies avoiding all calculations and portfolios ...
... means that in mixed asset menus that include public real estate investment vehicles, the application of explicit optimized portfolio strategies pays off over time in actual, ex-post terms. Such superior performance holds with respect to both naive strategies avoiding all calculations and portfolios ...
Regulatory Guide RG 240 Hedge funds: Improving disclosure
... In seeking to improve disclosure, ASIC aims to ensure that investors and their advisers have the information they need to make an informed investment decision. However, this should not be regarded as an indication that we consider these products to be suitable for all or most retail investors. ...
... In seeking to improve disclosure, ASIC aims to ensure that investors and their advisers have the information they need to make an informed investment decision. However, this should not be regarded as an indication that we consider these products to be suitable for all or most retail investors. ...
14. procedure for application and allotment
... C a s h S ubs c riptio n 100,000 units m inim um a nd s ubs e que ntly m ultiple s o f 100,000 units In-S pe c ie S ubs c riptio n - 100,000 units m inim um a nd s ubs e que nt m ultiple s - 100,000 units ...
... C a s h S ubs c riptio n 100,000 units m inim um a nd s ubs e que ntly m ultiple s o f 100,000 units In-S pe c ie S ubs c riptio n - 100,000 units m inim um a nd s ubs e que nt m ultiple s - 100,000 units ...
6. Law on the Investment Funds
... permission from the Securities and Exchange Commission for operation as an investment adviser; 13. Regulated market of financial instruments of the European Union member states is a multilateral system operated or managed by a market operator, that is joining or assisting the joining of different in ...
... permission from the Securities and Exchange Commission for operation as an investment adviser; 13. Regulated market of financial instruments of the European Union member states is a multilateral system operated or managed by a market operator, that is joining or assisting the joining of different in ...
Institutional Investment Constraints and Stock Prices
... managers’ demand for stocks and trading behavior. Because of the diversification requirement and tracking-error constraints, institutions could not or would not keep deviating from their benchmark. We hypothesize that if money managers already overweight a stock, they may not buy more of the stock, ...
... managers’ demand for stocks and trading behavior. Because of the diversification requirement and tracking-error constraints, institutions could not or would not keep deviating from their benchmark. We hypothesize that if money managers already overweight a stock, they may not buy more of the stock, ...
Realization Utility with Reference
... followed by a single sale of the entire holding. Kaustia (2010) reports a similar result for his Finnish data, though he does not provide specific numbers. 5 For instance, the investor might have an incentive to sell a losing stock to purchase a winning stock. Another ...
... followed by a single sale of the entire holding. Kaustia (2010) reports a similar result for his Finnish data, though he does not provide specific numbers. 5 For instance, the investor might have an incentive to sell a losing stock to purchase a winning stock. Another ...
Fiduciary Obligations of Brokers-Dealers and Investment Advisers
... by President Obama on July 21, 2010, requires the SEC to conduct a study to evaluate the standards of care for brokers and advisers and to adopt rules to address any regulatory gaps or overlap identified by the study.12 Before making final decisions to harmonize the law or impose fiduciary duties, o ...
... by President Obama on July 21, 2010, requires the SEC to conduct a study to evaluate the standards of care for brokers and advisers and to adopt rules to address any regulatory gaps or overlap identified by the study.12 Before making final decisions to harmonize the law or impose fiduciary duties, o ...
Limitations of a Mutual Fund
... of the AMC has to sign the due diligence certificate. The certificate ensures that the AMC takes responsibility of the OD and its contents. A custodian’s role is safe keeping of physical securities and also keeping a tab on the corporate actions like rights, bonus and dividends declared by the compa ...
... of the AMC has to sign the due diligence certificate. The certificate ensures that the AMC takes responsibility of the OD and its contents. A custodian’s role is safe keeping of physical securities and also keeping a tab on the corporate actions like rights, bonus and dividends declared by the compa ...
Prospectus of Zurich Investment Funds ICVC
... No person has been authorised by the Company or the ACD to give any information or to make any representations in connection with the offering of Shares other than those contained in this Prospectus and, if given or made, such information or representations must not be relied upon as having been mad ...
... No person has been authorised by the Company or the ACD to give any information or to make any representations in connection with the offering of Shares other than those contained in this Prospectus and, if given or made, such information or representations must not be relied upon as having been mad ...
Guide to Sound Practices for Hedge Fund Administrators
... foreign exchange (“FX” hereafter) services; tax services (where the Guide outlines specific tax issues for certain jurisdictions); and financial statements. Support and Review With most jurisdictions requiring hedge funds (established as corporate vehicles) to appoint a company secretary, the Guide ...
... foreign exchange (“FX” hereafter) services; tax services (where the Guide outlines specific tax issues for certain jurisdictions); and financial statements. Support and Review With most jurisdictions requiring hedge funds (established as corporate vehicles) to appoint a company secretary, the Guide ...
Location Determinants of Foreign Direct Investment in Services: Evidence from Chinese Provincial-level Data
... accounted for 62% of estimated world inward FDI stock in 2006, up from 49% in 1990 (UNCTAD, 2008). 2 This change may have altered the importance of location factors for investment decisions. Nowadays, the decline in FDI levels worldwide were partly driven by the impact of financial and economic cris ...
... accounted for 62% of estimated world inward FDI stock in 2006, up from 49% in 1990 (UNCTAD, 2008). 2 This change may have altered the importance of location factors for investment decisions. Nowadays, the decline in FDI levels worldwide were partly driven by the impact of financial and economic cris ...
Estrin , Saul Uvalic , Milica. 'Foreign direct investment into transition economies: Are the Balkans different?' LEQS Paper No. 64, July 2013
... in the first half of the 1990s, the majority of SEE countries continued to have negative growth rates in the second half of the decade. Economic recovery has generally been slow, so that by 2011 three countries had still not reached their 1989 GDP level (Serbia, Montenegro and Bosnia and Herzegovina ...
... in the first half of the 1990s, the majority of SEE countries continued to have negative growth rates in the second half of the decade. Economic recovery has generally been slow, so that by 2011 three countries had still not reached their 1989 GDP level (Serbia, Montenegro and Bosnia and Herzegovina ...
An Overview of Fee Structures in Real Estate Funds and Their
... of various investment management fees and costs on the net returns of their investments. For ease of discussion, this study will classify investment management fees as belonging to one of two broad categories: base fees and incentive fees. Additionally, this study will consider fees paid to investme ...
... of various investment management fees and costs on the net returns of their investments. For ease of discussion, this study will classify investment management fees as belonging to one of two broad categories: base fees and incentive fees. Additionally, this study will consider fees paid to investme ...