The Influence of Macroeconomic Factors on Stock Markets
... Study found that the market based ratios have explanatory power on both the changes in current stock returns and one period ahead stock returns. Earnings per share ratio, price to earnings ratio and market based ratio explains 0.06 of changes in current stock returns. The earnings per share ratio, p ...
... Study found that the market based ratios have explanatory power on both the changes in current stock returns and one period ahead stock returns. Earnings per share ratio, price to earnings ratio and market based ratio explains 0.06 of changes in current stock returns. The earnings per share ratio, p ...
MSN Money Articles By Michael Burry 2000/2001
... than two-‐thirds of net value (net working capital less liabilities). I'll happily mix in the types of companies favored by Warren Buffett -‐-‐ those with a sustainable competitive advantage, as demonstrate ...
... than two-‐thirds of net value (net working capital less liabilities). I'll happily mix in the types of companies favored by Warren Buffett -‐-‐ those with a sustainable competitive advantage, as demonstrate ...
How working capital management affects the profitability of Afriland
... working capital management on the profitability of firms, Vida et al (2011) verified the relationship between working capital management and corporate profitability, they noticed that the cash conversion cycle had a significant relationship with profitability. Sharma (2011) used a sample of Indian f ...
... working capital management on the profitability of firms, Vida et al (2011) verified the relationship between working capital management and corporate profitability, they noticed that the cash conversion cycle had a significant relationship with profitability. Sharma (2011) used a sample of Indian f ...
Chapter 8
... What is the Difference between the Net Price and Gross Price Methods? • Net price Purchases and purchase returns/allowances are recorded net of the available discount Discounts lost are recorded separately ...
... What is the Difference between the Net Price and Gross Price Methods? • Net price Purchases and purchase returns/allowances are recorded net of the available discount Discounts lost are recorded separately ...
Managing currency exposure in Australian superannuation funds
... foreign exchange (FX) turnover 1 . In the 30 years since the float, the local currency has sustained long episodes of depreciation and appreciation, as shown in Figure 1. Figure 1: AUD’s long episodic trends ...
... foreign exchange (FX) turnover 1 . In the 30 years since the float, the local currency has sustained long episodes of depreciation and appreciation, as shown in Figure 1. Figure 1: AUD’s long episodic trends ...
Liquidity in the foreign exchange market for EUR/NOK by Kathrine
... In this Commentary we will take a closer look at liquidity conditions in the market for the EUR/NOK. We assess the relationship between liquidity conditions and the spot exchange rate and look at liquidity conditions in EUR/NOK compared to other currency pairs, like EUR/SEK. Historical liquidity co ...
... In this Commentary we will take a closer look at liquidity conditions in the market for the EUR/NOK. We assess the relationship between liquidity conditions and the spot exchange rate and look at liquidity conditions in EUR/NOK compared to other currency pairs, like EUR/SEK. Historical liquidity co ...
DOC - Investor Relations
... and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for all periods presented have been made. The results for the three months ended March 31, 201 ...
... and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for all periods presented have been made. The results for the three months ended March 31, 201 ...
popular earnings management techniques
... achieve some type of strategic alliance. GAAP presumes that investments of less than 20 percent of the stock of another company are passive investments and therefore the investing company need not include a share of the investee’s net income in its financial statements, as it must do for higher owne ...
... achieve some type of strategic alliance. GAAP presumes that investments of less than 20 percent of the stock of another company are passive investments and therefore the investing company need not include a share of the investee’s net income in its financial statements, as it must do for higher owne ...
1 New Evidence on Sources of Leverage Effects in Individual Stocks
... in the size of these effects and variation in the firm’s debt-to-equity ratio. Other studies applying alternative approaches are also inconclusive on whether leverage effects are due to financial leverage. For example, Duffee (1995) finds that the results in Christie (1982), which are based on a sam ...
... in the size of these effects and variation in the firm’s debt-to-equity ratio. Other studies applying alternative approaches are also inconclusive on whether leverage effects are due to financial leverage. For example, Duffee (1995) finds that the results in Christie (1982), which are based on a sam ...
chapter 1 - Test Bank wizard
... portfolio, to form a 4-stock portfolio. She is highly risk averse and has asked for your advice. The three stocks currently held all have b = 1.0, and they are perfectly positively correlated with the market. Potential new Stocks A and B both have expected returns of 15%, are in equilibrium, and are ...
... portfolio, to form a 4-stock portfolio. She is highly risk averse and has asked for your advice. The three stocks currently held all have b = 1.0, and they are perfectly positively correlated with the market. Potential new Stocks A and B both have expected returns of 15%, are in equilibrium, and are ...
S2000560_en.pdf
... Latin America will last, though there are hopes and some evidence that their recovery will be more like 1995-1996 than 1983-1989. The high volatility of international capital flows to the region is important because, while foreign capital inflows can improve growth and investment levels in recipient ...
... Latin America will last, though there are hopes and some evidence that their recovery will be more like 1995-1996 than 1983-1989. The high volatility of international capital flows to the region is important because, while foreign capital inflows can improve growth and investment levels in recipient ...
NBER WORKING PAPER SERIES PRIVATE PENSIONS INFLATION Martin Feldstein
... constant real stream for the constant nominal stream by saving some of the pension benefit in early years. However, since the retiree must pay tax on the interest and dividends that he earns on any such saving, he cannot achieve the equivalent stream. This could be remedied by allowing retirees to " ...
... constant real stream for the constant nominal stream by saving some of the pension benefit in early years. However, since the retiree must pay tax on the interest and dividends that he earns on any such saving, he cannot achieve the equivalent stream. This could be remedied by allowing retirees to " ...
Fixed income for defined benefit plan investing
... Fixed income assets and strategies are the means to achieve them Liability-driven investing (LDI) strategies with fixed income help accomplish DB investors’ goals because they’re designed to manage risk by investing with a plan’s liabilities in mind. With LDI, investment allocations are based on the ...
... Fixed income assets and strategies are the means to achieve them Liability-driven investing (LDI) strategies with fixed income help accomplish DB investors’ goals because they’re designed to manage risk by investing with a plan’s liabilities in mind. With LDI, investment allocations are based on the ...
Are Executive Stock Option Exercises Driven by Private Information
... all transactions reported to the Security and Exchange Commission (SEC) from 1996 to 2003 and collected by Thompson Financial, 28.6% of the exercises are associated with no sale of shares within one calendar month. Partitioning options exercises, we find that exercises followed by immediate sale of ...
... all transactions reported to the Security and Exchange Commission (SEC) from 1996 to 2003 and collected by Thompson Financial, 28.6% of the exercises are associated with no sale of shares within one calendar month. Partitioning options exercises, we find that exercises followed by immediate sale of ...
NBER WORKING PAPER SERIES George M. Constantinides
... There is one consumption good in each period and it perishes at the end of the period. Wages, Social Security taxes, consumption, payments from, and prices of all securities traded in the model are denominated in units of the consumption good. We admit two types of securities in positive net supply, ...
... There is one consumption good in each period and it perishes at the end of the period. Wages, Social Security taxes, consumption, payments from, and prices of all securities traded in the model are denominated in units of the consumption good. We admit two types of securities in positive net supply, ...
What Does Measured FDI Actually Measure?
... of foreign exchange intervention, and assuming that the current account moves slowly, changes in gross inflows during the quarter must roughly equal changes in gross outflows for the foreign exchange market to clear. Thus, if FDI was literally the only source of gross inflows and gross outflows, the ...
... of foreign exchange intervention, and assuming that the current account moves slowly, changes in gross inflows during the quarter must roughly equal changes in gross outflows for the foreign exchange market to clear. Thus, if FDI was literally the only source of gross inflows and gross outflows, the ...
NBER WORKING PAPER SERIES Indrit Hoxha Sebnem Kalemli-Ozcan
... are not perfect substitutes, as is the case in the typical production functions used so far in this literature. Once we allow for an elasticity of substitution between capital varieties of less than infinity, the potential gains of financial integration become quite large. Our simple model of capita ...
... are not perfect substitutes, as is the case in the typical production functions used so far in this literature. Once we allow for an elasticity of substitution between capital varieties of less than infinity, the potential gains of financial integration become quite large. Our simple model of capita ...
NBER WORKING PAPER SERIES CAPITAL FLOWS AND CONTROLS Ilan Goldfajn
... accompanied by a relatively short economic growth cycle, as depicted in Figure 4. In the initial months after the launch of the Real Plan, a floating system was adopted, followed the following year by a crawling band, which increasingly turned into a crawling peg. Figure 5 shows the steady and low r ...
... accompanied by a relatively short economic growth cycle, as depicted in Figure 4. In the initial months after the launch of the Real Plan, a floating system was adopted, followed the following year by a crawling band, which increasingly turned into a crawling peg. Figure 5 shows the steady and low r ...
Asymmetric investment returns and the
... Here r is the average interest/dividend rate applying to foreign liabilities, which has averaged 1.3 percentage points below the rate of nominal GDP growth since 1990. On this basis, stabilising US NFLs at 50-60 per cent of GDP would require the primary deficit to fall to under 1 per cent of GDP, a ...
... Here r is the average interest/dividend rate applying to foreign liabilities, which has averaged 1.3 percentage points below the rate of nominal GDP growth since 1990. On this basis, stabilising US NFLs at 50-60 per cent of GDP would require the primary deficit to fall to under 1 per cent of GDP, a ...