Main Street Capital CORP (Form: 10-K, Received: 02
... Our principal investment objective is to maximize our portfolio's total return by generating current income from our debt investments and capital appreciation from our equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a ...
... Our principal investment objective is to maximize our portfolio's total return by generating current income from our debt investments and capital appreciation from our equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a ...
strAtegIc FINANcIAL MANAgeMeNt (sFM)
... alternative use is the relevant cost and such opportunity cost will have to be considered. On the other hand, if a new plot of land is required to be purchased for the proposal, the cost of such plot of land is the relevant cost and will form part of initial investment. (c) For investment decisions ...
... alternative use is the relevant cost and such opportunity cost will have to be considered. On the other hand, if a new plot of land is required to be purchased for the proposal, the cost of such plot of land is the relevant cost and will form part of initial investment. (c) For investment decisions ...
Prospectus View the prospectus
... Ordinary Shares to any person in any jurisdiction to whom or in which jurisdiction such offer or solicitation is unlawful and, in particular, is not for distribution in Australia, Canada, Japan or South Africa. Neither the Company nor any of the Managers nor Rothschild accepts any legal responsibili ...
... Ordinary Shares to any person in any jurisdiction to whom or in which jurisdiction such offer or solicitation is unlawful and, in particular, is not for distribution in Australia, Canada, Japan or South Africa. Neither the Company nor any of the Managers nor Rothschild accepts any legal responsibili ...
Monte Carlo Simulation in Financial Valuation
... This paper uses a simple equity growth model to simulate the future equity, earnings and payouts of companies, based on resampling of historical data for the return on equity and the fraction of earnings retained in the past. This is a reasonable model for companies whose earnings are related to the ...
... This paper uses a simple equity growth model to simulate the future equity, earnings and payouts of companies, based on resampling of historical data for the return on equity and the fraction of earnings retained in the past. This is a reasonable model for companies whose earnings are related to the ...
Word - corporate
... Annual Incentives for executive officers, including the CEO, are primarily based on an assessment of Company performance relative to key financial objectives. Each senior executive has an annual incentive target. A performance factor is applied to each of their targets to generate their initial annu ...
... Annual Incentives for executive officers, including the CEO, are primarily based on an assessment of Company performance relative to key financial objectives. Each senior executive has an annual incentive target. A performance factor is applied to each of their targets to generate their initial annu ...
How Do Mergers Create Value? A Comparison of Taxes, Market
... Finally, if the merger gains arise from scale or scope economies, they would lead to operating synergies due to revenue increases/cost savings or cutbacks in investments. We address these issues by analyzing a broad sample of 264 large mergers of unregulated industrial firms during 1980–2004. We find ...
... Finally, if the merger gains arise from scale or scope economies, they would lead to operating synergies due to revenue increases/cost savings or cutbacks in investments. We address these issues by analyzing a broad sample of 264 large mergers of unregulated industrial firms during 1980–2004. We find ...
Momentum Strategies in Futures Markets and Trend
... that was one of the few profitable hedge fund styles during the financial crisis of 2008, hence attracting much attention and inflows in its aftermath.1 Following inflows over the subsequent years, the size of the industry has grown substantially and exceeded $300 billion of the total $2 trillion as ...
... that was one of the few profitable hedge fund styles during the financial crisis of 2008, hence attracting much attention and inflows in its aftermath.1 Following inflows over the subsequent years, the size of the industry has grown substantially and exceeded $300 billion of the total $2 trillion as ...
The relation between equity incentives and misreporting_ The role
... likely to misreport not because delta provides them with incentives to misreport, but rather, because such managers also have high vega. Our results also suggest that the effect of vega on misreporting is economically large and larger than many other determinants of misreporting. The theoretical and ...
... likely to misreport not because delta provides them with incentives to misreport, but rather, because such managers also have high vega. Our results also suggest that the effect of vega on misreporting is economically large and larger than many other determinants of misreporting. The theoretical and ...
Essays on the Forecasting Power of Implied Volatility
... volatility for future realized returns. This is presumably because in an efficient market, returns are, by definition, unforecastable. This may not be completely true, however, if we start with the assumption that implied volatility is a risk factor separate from or adding to realized volatility. In ...
... volatility for future realized returns. This is presumably because in an efficient market, returns are, by definition, unforecastable. This may not be completely true, however, if we start with the assumption that implied volatility is a risk factor separate from or adding to realized volatility. In ...
Low volatility anomaly and mutual fund allocations - Aalto
... relative to their risk, but that low risk assets – either low volatility or low beta assets – actually outperform high risk assets within several different assets classes. The outperformance of low risk assets, or the so-called low risk anomaly, is observed primarily in terms of risk-adjusted return ...
... relative to their risk, but that low risk assets – either low volatility or low beta assets – actually outperform high risk assets within several different assets classes. The outperformance of low risk assets, or the so-called low risk anomaly, is observed primarily in terms of risk-adjusted return ...
International Diversification Versus Domestic Diversification: Mean
... strategies. We also examine whether there is an optimal investment strategy for American investors according to their risk level. Our study is based on daily data consisting of the prices of the 30 highest capitalization US stocks and 20 international market indices from Latin American and Asian fin ...
... strategies. We also examine whether there is an optimal investment strategy for American investors according to their risk level. Our study is based on daily data consisting of the prices of the 30 highest capitalization US stocks and 20 international market indices from Latin American and Asian fin ...
CreditMetrics™ — Technical Document
... What is different about CreditMetrics? Unlike market risks where daily liquid price observations allow a direct calculation of value-at-risk (VaR), CreditMetrics seeks to construct what it cannot directly observe: the volatility of value due to credit quality changes. This constructive approach make ...
... What is different about CreditMetrics? Unlike market risks where daily liquid price observations allow a direct calculation of value-at-risk (VaR), CreditMetrics seeks to construct what it cannot directly observe: the volatility of value due to credit quality changes. This constructive approach make ...
Agarwal Daniel Naik
... this issue and determine the managerial incentives by measuring the delta of the manager’s incentive-fee option. For this purpose, we compute a fund’s yearly money-flows since the start of a fund’s return history. We then estimate fund’s delta after applying the hurdle rate and highwater mark provis ...
... this issue and determine the managerial incentives by measuring the delta of the manager’s incentive-fee option. For this purpose, we compute a fund’s yearly money-flows since the start of a fund’s return history. We then estimate fund’s delta after applying the hurdle rate and highwater mark provis ...
usd/cnh options product information
... The information contained in this presentation is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities or other products or to provide any investment advice of any kind. This presentation is n ...
... The information contained in this presentation is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities or other products or to provide any investment advice of any kind. This presentation is n ...
The Misguided Beliefs of Financial Advisors
... These behavioral patterns have been studied extensively. See, for example, Nofsinger and Sias (1999), Grinblatt and Keloharju (2001b), Barber and Odean (2008), and Kaniel, Saar, and Titman (2008) for analyses of how investors trade in response to past price movements; Odean (1999), Barber and Odean ...
... These behavioral patterns have been studied extensively. See, for example, Nofsinger and Sias (1999), Grinblatt and Keloharju (2001b), Barber and Odean (2008), and Kaniel, Saar, and Titman (2008) for analyses of how investors trade in response to past price movements; Odean (1999), Barber and Odean ...
DOC - Lasalle Hotel Properties
... There can be no assurance that the sellers will be willing to proceed with the transactions, that we will be able to negotiate and execute satisfactory definitive purchase and sale agreements with the sellers, that we will be able to negotiate and execute new management agreements and applicable fra ...
... There can be no assurance that the sellers will be willing to proceed with the transactions, that we will be able to negotiate and execute satisfactory definitive purchase and sale agreements with the sellers, that we will be able to negotiate and execute new management agreements and applicable fra ...
Determination of Risk Aversion and Moment
... The study briefly shows how to translate these preference patterns into option strategies that are added to the portfolio. For the skewness analysis the traditional Pratt-Arrow measure of risk aversion is extended to a three moment risk premium. The study exemplifies how to proceed when determining ri ...
... The study briefly shows how to translate these preference patterns into option strategies that are added to the portfolio. For the skewness analysis the traditional Pratt-Arrow measure of risk aversion is extended to a three moment risk premium. The study exemplifies how to proceed when determining ri ...
building today, for tomorrow - EZRA HOLDINGS LIMITED
... decelerated from the 5.9% registered in 2013, mainly due to slowdowns in China and Japan. In the Asian markets that Mapletree Logistics Trust (“MLT” or the “Trust”) operates in, demand for logistics space has remained stable, underpinned by growth in domestic consumption and expansion by third party ...
... decelerated from the 5.9% registered in 2013, mainly due to slowdowns in China and Japan. In the Asian markets that Mapletree Logistics Trust (“MLT” or the “Trust”) operates in, demand for logistics space has remained stable, underpinned by growth in domestic consumption and expansion by third party ...
L-UN
... as the Group tactically allocates capital in order to meet its long-term Compass strategy aimed at increasing total annual sales to €80 billion and maximizing shareholder returns. In the process, there is the risk that Unilever attempts to expand too aggressively and overpays for acquisitions. This ...
... as the Group tactically allocates capital in order to meet its long-term Compass strategy aimed at increasing total annual sales to €80 billion and maximizing shareholder returns. In the process, there is the risk that Unilever attempts to expand too aggressively and overpays for acquisitions. This ...
Schwab Advisor Cash Reserves
... expenses during the 12-month reporting period ended December 31, 2016, to help the fund maintain a positive net yield. For more information about the fund’s yield and other important characteristics, please review the charts and footnotes that follow this discussion. Market Highlights. For the 12-mo ...
... expenses during the 12-month reporting period ended December 31, 2016, to help the fund maintain a positive net yield. For more information about the fund’s yield and other important characteristics, please review the charts and footnotes that follow this discussion. Market Highlights. For the 12-mo ...
Mutual Funds and Bubbles: The Surprising Role of Contractual
... industry and it is a result of the trade-off between reputation concerns and the incentives contained in the advisory contract. In general, managers, uncertain about their own ability and concerned about their reputation, have a natural tendency to herd [Scharfstein and Stein (1990); Zwiebel (1995)] ...
... industry and it is a result of the trade-off between reputation concerns and the incentives contained in the advisory contract. In general, managers, uncertain about their own ability and concerned about their reputation, have a natural tendency to herd [Scharfstein and Stein (1990); Zwiebel (1995)] ...
Do Dividend Initiations Signal Firm Prosperity?
... initiation. Finally, we study market reaction and shareholder returns immediately after dividend initiation announcement, as well as the drift in stock prices for the five-year period after dividend initiation. 1.2 Principal Hypothesis and Research Contribution The central hypothesis explored in thi ...
... initiation. Finally, we study market reaction and shareholder returns immediately after dividend initiation announcement, as well as the drift in stock prices for the five-year period after dividend initiation. 1.2 Principal Hypothesis and Research Contribution The central hypothesis explored in thi ...
Document
... remove the amount of the receivable from our books by crediting accounts receivable and reducing the amount we have set aside as an allowance by debiting the allowance for doubtful accounts. The effect – assuming that the uncollected accounts receivable is not larger than the allowance for doubtful ...
... remove the amount of the receivable from our books by crediting accounts receivable and reducing the amount we have set aside as an allowance by debiting the allowance for doubtful accounts. The effect – assuming that the uncollected accounts receivable is not larger than the allowance for doubtful ...