Implications of Implementation of IAS 41 about Agriculture on
... asset. Harvesting period is relatively short. This asset can be transformed to the agricultural produce in the short term period (like work in process goods). At a certain age, biological assets do not require material transformation process. Its price changing is also not material, such as the teak ...
... asset. Harvesting period is relatively short. This asset can be transformed to the agricultural produce in the short term period (like work in process goods). At a certain age, biological assets do not require material transformation process. Its price changing is also not material, such as the teak ...
Ch10
... asset to be transferred from one party to another. For example, a wheat farmer and a miller could sign a futures contract to exchange a specified amount of cash for a specified amount of wheat in the future. Both parties have reduced a future risk: for the wheat farmer, the uncertainty of the price, ...
... asset to be transferred from one party to another. For example, a wheat farmer and a miller could sign a futures contract to exchange a specified amount of cash for a specified amount of wheat in the future. Both parties have reduced a future risk: for the wheat farmer, the uncertainty of the price, ...
CHAPTER 24: PORTFOLIO PERFORMANCE EVALUATION
... inferior to the index. Another way to think about this conclusion is to note that, even for a portfolio with a positive alpha, if its diversifiable risk is sufficiently large, thereby reducing the correlation with the market index, this can result in a lower Sharpe ratio. ...
... inferior to the index. Another way to think about this conclusion is to note that, even for a portfolio with a positive alpha, if its diversifiable risk is sufficiently large, thereby reducing the correlation with the market index, this can result in a lower Sharpe ratio. ...
FUTURES PRODUCT DISCLOSURE STATEMENT INTERACTIVE
... contracts of a particular class are perfect substitutes for each other. A consequence of contract standardisation is that the price is the only factor that remains to be determined in the marketplace. For example, on ASX 24, Futures are quoted and traded on an electronic trading platform, which prov ...
... contracts of a particular class are perfect substitutes for each other. A consequence of contract standardisation is that the price is the only factor that remains to be determined in the marketplace. For example, on ASX 24, Futures are quoted and traded on an electronic trading platform, which prov ...
Corporate Investments and Stock Returns: International Evidence*
... change in the term spread than firms with low book-to-market equity. They further document that the book-to-market effect vanishes when the effect of the change in the term spread on stock returns have been taken into account. 6 Their results appear to support the argument that the book-to-market e ...
... change in the term spread than firms with low book-to-market equity. They further document that the book-to-market effect vanishes when the effect of the change in the term spread on stock returns have been taken into account. 6 Their results appear to support the argument that the book-to-market e ...
Margin-Based Asset Pricing and Deviations from the Law of One Price
... (1997), Geanakoplos (1997), Kiyotaki and Moore (1997), Caballero and Krishnamurthy (2001), Lustig and Van Nieuwerburgh (2005), Coen-Pirani (2005), Fostel and Geanakoplos (2008)) and the possibility of arbitrage in equilibrium (Basak and Croitoru (2000, 2006), Geanakoplos (2003)). Also, the paper is ...
... (1997), Geanakoplos (1997), Kiyotaki and Moore (1997), Caballero and Krishnamurthy (2001), Lustig and Van Nieuwerburgh (2005), Coen-Pirani (2005), Fostel and Geanakoplos (2008)) and the possibility of arbitrage in equilibrium (Basak and Croitoru (2000, 2006), Geanakoplos (2003)). Also, the paper is ...
determining the risk free rate for regulated companies
... year spot rate of .06. This result must be false, because it produces an incorrect result as the risk of the cash flow goes to zero, i.e., as risk goes to zero the beta must also go to zero and equation (6) then becomes ...
... year spot rate of .06. This result must be false, because it produces an incorrect result as the risk of the cash flow goes to zero, i.e., as risk goes to zero the beta must also go to zero and equation (6) then becomes ...
FS - Midas Gold Corp.
... assessment of the risks of material misstatement of the consolidated 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 consolidated financial statements in ...
... assessment of the risks of material misstatement of the consolidated 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 consolidated financial statements in ...
Tail Risk Hedging: A Roadmap for Asset Owners
... Although diversification is a valuable portfolio management tool, hedges may not hold their characteristic correlation profiles under extreme market conditions. In order to hedge these extreme tail events, an asset owner can choose to actively hedge the portfolio. For exampl ...
... Although diversification is a valuable portfolio management tool, hedges may not hold their characteristic correlation profiles under extreme market conditions. In order to hedge these extreme tail events, an asset owner can choose to actively hedge the portfolio. For exampl ...
A Modern, Behavior-Aware Approach to Asset Allocation and
... For example, MPT assumes that asset class returns are normally distributed, that volatility is risk, and that correlations not only completely capture cross-asset return relationships, but are also constant over time. In reality, asset class returns are highly non-normal, exhibiting significant fat ...
... For example, MPT assumes that asset class returns are normally distributed, that volatility is risk, and that correlations not only completely capture cross-asset return relationships, but are also constant over time. In reality, asset class returns are highly non-normal, exhibiting significant fat ...
econstor
... this state. If managers issue too little debt in a contraction, then they miss a substantial amount of tax benefits which are an important way to create shareholder value since earnings will decline on average. For a small deviation from the optimum, the costs are only a small fraction of the levere ...
... this state. If managers issue too little debt in a contraction, then they miss a substantial amount of tax benefits which are an important way to create shareholder value since earnings will decline on average. For a small deviation from the optimum, the costs are only a small fraction of the levere ...
a non-zero-sum game approach to convertible bonds: tax benefit
... 2.2 Debt Structure and Endogenous Default Now, suppose that the company raises funds by issuing a single perpetual convertible bond and it will not change this capital structure until the moment of call, bankruptcy, or voluntary conversion. Assume that the selection of capital structure has no impac ...
... 2.2 Debt Structure and Endogenous Default Now, suppose that the company raises funds by issuing a single perpetual convertible bond and it will not change this capital structure until the moment of call, bankruptcy, or voluntary conversion. Assume that the selection of capital structure has no impac ...
SUMMARY PROSPECTUS Tortoise North American Pipeline Fund
... with the operation or ownership of energy pipelines. Pipeline Companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. To be included in the Underlying Index, a company must ...
... with the operation or ownership of energy pipelines. Pipeline Companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. To be included in the Underlying Index, a company must ...
Fair Value Measurement after Financial Crunch
... hierarchy. Estimating fair value for assets and liabilities is in fact relatively easy if they are actively traded in liquid markets, whereas it becomes more complicated if active markets do not exist. When there is not a directly observable exit price, valuation techniques must be used to measure f ...
... hierarchy. Estimating fair value for assets and liabilities is in fact relatively easy if they are actively traded in liquid markets, whereas it becomes more complicated if active markets do not exist. When there is not a directly observable exit price, valuation techniques must be used to measure f ...
Chapter 5
... (rounded slightly) VaR$ = $500,000 x -.4557 = -$227,850 What does this number mean? ...
... (rounded slightly) VaR$ = $500,000 x -.4557 = -$227,850 What does this number mean? ...
