Sukuk: The Sharia Fixed Income Alternative Strategy
... sukuk being rated, and due to its inherent characteristic of providing safe returns, along with high yields. • Sukuk has successfully attracted variety of institutional investors such as takaful companies, pension funds, and the corporate sector, including financial institutions. Demand for sukuk i ...
... sukuk being rated, and due to its inherent characteristic of providing safe returns, along with high yields. • Sukuk has successfully attracted variety of institutional investors such as takaful companies, pension funds, and the corporate sector, including financial institutions. Demand for sukuk i ...
Market Implied Costs of Bankruptcy
... as covenants and seniority. Third, bankruptcy may be triggered by liabili es other than debt, such as defined benefit pension plans, for which market prices do not exist. By contrast, equity is a residual claim and therefore its price is only affected by the net value once other claims are deducted, re ...
... as covenants and seniority. Third, bankruptcy may be triggered by liabili es other than debt, such as defined benefit pension plans, for which market prices do not exist. By contrast, equity is a residual claim and therefore its price is only affected by the net value once other claims are deducted, re ...
DEUTSCHE BANK AKTIENGESELLSCHAFT (Form
... funding rate, which is determined primarily based on our market-based yield curve, adjusted to account for our funding needs and objectives for the period matching the term of the securities. The internal funding rate is typically lower than the rate we would pay when we issue conventional debt secu ...
... funding rate, which is determined primarily based on our market-based yield curve, adjusted to account for our funding needs and objectives for the period matching the term of the securities. The internal funding rate is typically lower than the rate we would pay when we issue conventional debt secu ...
Nonrenewable Resource Scarcity Jeffrey A. Krautkraemer
... where Bs and C s denote the derivatives of the benefit and cost functions with respect to the remaining resource stock. These derivatives can be non-zero if there are environmental amenities associated with nonexploited resource stocks or if the extraction cost increases as the resource stock is dep ...
... where Bs and C s denote the derivatives of the benefit and cost functions with respect to the remaining resource stock. These derivatives can be non-zero if there are environmental amenities associated with nonexploited resource stocks or if the extraction cost increases as the resource stock is dep ...
QM 3.2 - SmallParty.org
... and also online2 ). Two of the maxims from this essay are: • If you treat your [users] as if they’re your most valuable resource, they will respond by becoming your most valuable resource. • (“Linus’s Law”) Given enough eyeballs, all bugs are shallow. Raymond’s focus was on software, but I believe t ...
... and also online2 ). Two of the maxims from this essay are: • If you treat your [users] as if they’re your most valuable resource, they will respond by becoming your most valuable resource. • (“Linus’s Law”) Given enough eyeballs, all bugs are shallow. Raymond’s focus was on software, but I believe t ...
The Return Volatility Effect of Stock Splits
... The main research purpose of this study is to answer the above research question as well as examining if there are differences in effects depending upon the firms’ market capitalization. This is a quantitative study with a deductive approach and a crosssectional and longitudinal research design cove ...
... The main research purpose of this study is to answer the above research question as well as examining if there are differences in effects depending upon the firms’ market capitalization. This is a quantitative study with a deductive approach and a crosssectional and longitudinal research design cove ...
Estimating the Gains from Trade in Limit
... The conditional trader arrival rates, the conditional distributions of the innovations in the common value, and the conditional distributions of the private values all depend on the exogenous state variables. The exogenous state variables therefore determine the intensity of trader arrivals, the dis ...
... The conditional trader arrival rates, the conditional distributions of the innovations in the common value, and the conditional distributions of the private values all depend on the exogenous state variables. The exogenous state variables therefore determine the intensity of trader arrivals, the dis ...
contract design, arbitrage, and hedging in the eurodollar futures
... and a short position in the futures. This value is supposed to be non-stochastic and zero, which is the case for virtually all other futures contracts. The only solution, y = 0, implies that the interest rate (LIBOR) is zero. Moreover, there is no simple adjustment to the problem to provide a soluti ...
... and a short position in the futures. This value is supposed to be non-stochastic and zero, which is the case for virtually all other futures contracts. The only solution, y = 0, implies that the interest rate (LIBOR) is zero. Moreover, there is no simple adjustment to the problem to provide a soluti ...
Can Risks Be Reduced in the Derivatives Market
... Promotion of OTC derivatives is also important in terms of balanced growth in the capital market. In U.S. financial markets, direct finance centered on the capital market is growing significantly. For balanced growth of the capital market, the securities, bonds, and derivatives markets should all gr ...
... Promotion of OTC derivatives is also important in terms of balanced growth in the capital market. In U.S. financial markets, direct finance centered on the capital market is growing significantly. For balanced growth of the capital market, the securities, bonds, and derivatives markets should all gr ...
Word Document - Berkeley-Haas
... privately and publicly available information to predict the return to conversion. Like the insiders, depositors would be more likely to approve conversion the higher the predicted return to conversion. Once the conversion process was underway, insiders could use their private information in additio ...
... privately and publicly available information to predict the return to conversion. Like the insiders, depositors would be more likely to approve conversion the higher the predicted return to conversion. Once the conversion process was underway, insiders could use their private information in additio ...
Equity Valuation Using Sales Multiples
... fundamental financial variables among a set of comparable firms. In practice, these multiples are widely used as a preliminary screening device to rank stocks. In cases where firm-specific detailed projections are difficult (for example, privately-held companies or when the proposed entity has yet t ...
... fundamental financial variables among a set of comparable firms. In practice, these multiples are widely used as a preliminary screening device to rank stocks. In cases where firm-specific detailed projections are difficult (for example, privately-held companies or when the proposed entity has yet t ...
Liquidity risk, Leverage and Long
... alternative hypothesis of market sentiment (or irrationality). This follows because the weights in our factor mimicking portfolios are constructed to track the underlying macroeconomic risks. If the macroeconomic risk (such as aggregate consumption) is itself unaffected by market sentiment, then th ...
... alternative hypothesis of market sentiment (or irrationality). This follows because the weights in our factor mimicking portfolios are constructed to track the underlying macroeconomic risks. If the macroeconomic risk (such as aggregate consumption) is itself unaffected by market sentiment, then th ...
Fair Value Measurement and Application
... principal market. The fair value also would be measured assuming that general market participants would act in their economic best interest. Fair value would be described as an exit price and would not be adjusted for transaction costs. This proposed Statement would require a government to use valua ...
... principal market. The fair value also would be measured assuming that general market participants would act in their economic best interest. Fair value would be described as an exit price and would not be adjusted for transaction costs. This proposed Statement would require a government to use valua ...
Short Selling IPOs
... The literature provides two theories as to the expected effect of short sale constraints on the pricing of IPOs. First, Miller (1977) suggests that investor overoptimism combined with the inability to short sell the security leads to higher initial returns than would otherwise occur. More recently, ...
... The literature provides two theories as to the expected effect of short sale constraints on the pricing of IPOs. First, Miller (1977) suggests that investor overoptimism combined with the inability to short sell the security leads to higher initial returns than would otherwise occur. More recently, ...
A Practical Guide to Forecasting Financial Market Volatility
... Volatility forecasting is crucial for option pricing, risk management and portfolio management. Nowadays, volatility has become the subject of trading. There are now exchange-traded contracts written on volatility. Financial market volatility also has a wider impact on financial regulation, monetary ...
... Volatility forecasting is crucial for option pricing, risk management and portfolio management. Nowadays, volatility has become the subject of trading. There are now exchange-traded contracts written on volatility. Financial market volatility also has a wider impact on financial regulation, monetary ...
IPSAS 26 Impairment of Cash-Generating Assets
... place during the period, or will take place in the near future, in the technological, market, economic, or legal environment in which the entity operates, or in the market to which an asset is dedicated; (c) Market interest rates or other market rates of return on investments have increased during t ...
... place during the period, or will take place in the near future, in the technological, market, economic, or legal environment in which the entity operates, or in the market to which an asset is dedicated; (c) Market interest rates or other market rates of return on investments have increased during t ...
Leases - Endunamoo School Of Accounting
... Lessee accounting: Finance leases Subsequent measurement • Minimum lease payments shall be apportioned between the finance charge and the reduction of the outstanding liability • Contingent rents shall be charged as expenses in the periods in which they are incurred • A finance lease gives rise to ...
... Lessee accounting: Finance leases Subsequent measurement • Minimum lease payments shall be apportioned between the finance charge and the reduction of the outstanding liability • Contingent rents shall be charged as expenses in the periods in which they are incurred • A finance lease gives rise to ...
A Guide to Understanding Opportunities and Risks in Futures Trading
... to more people, it follows that they have become more widely and extensively used. Notwithstanding the changes that have and are continuing to occur, the primary purpose of futures markets remains unchanged: To provide an efficient and effective mechanism for the management of price risks. By buying ...
... to more people, it follows that they have become more widely and extensively used. Notwithstanding the changes that have and are continuing to occur, the primary purpose of futures markets remains unchanged: To provide an efficient and effective mechanism for the management of price risks. By buying ...
Economic Value Added (EVA ). Is it really the best performance
... measures tell the whole story, and that you can manage anything only with financial reporting methods. These myths are all based on the common belief that accounting is the only means of measuring performance. He then discussed the shortcomings of these three myths and suggested that value-based per ...
... measures tell the whole story, and that you can manage anything only with financial reporting methods. These myths are all based on the common belief that accounting is the only means of measuring performance. He then discussed the shortcomings of these three myths and suggested that value-based per ...