Competition for Natural Resources and the Hold-Up
... others, have discussed various factors a¤ecting the interaction between foreign investors and host country governments and addressed the question how the hold-up problem may be overcome and how optimal contracts may look like. These existing studies of the hold-up problem only consider host governme ...
... others, have discussed various factors a¤ecting the interaction between foreign investors and host country governments and addressed the question how the hold-up problem may be overcome and how optimal contracts may look like. These existing studies of the hold-up problem only consider host governme ...
GENEVA, 11-12 N Global Environment Facility
... In this section new business models of GEF as well as non-GEF projects were presented. Discussions were realized in a climate change group and one without a specific focal area. The group on climate change projects included following presentations: ¾ Bosch/Siemens (BSH) plant-oil cooking stove. Such ...
... In this section new business models of GEF as well as non-GEF projects were presented. Discussions were realized in a climate change group and one without a specific focal area. The group on climate change projects included following presentations: ¾ Bosch/Siemens (BSH) plant-oil cooking stove. Such ...
The relationship between government bond yields and the market
... demand for Australian government bonds from foreign investors and banks (who require high quality liquid assets to meet new banking regulations). ...
... demand for Australian government bonds from foreign investors and banks (who require high quality liquid assets to meet new banking regulations). ...
Why do we invest ethically?
... Nagy and Obenberger (1994) investigated the investment-decision processes of equity investors with substantial holdings of US Fortune 500 firms and found seven summary factors that captured the major investor concerns. Investors were asked to rank 34 variables which had been identified as potentiall ...
... Nagy and Obenberger (1994) investigated the investment-decision processes of equity investors with substantial holdings of US Fortune 500 firms and found seven summary factors that captured the major investor concerns. Investors were asked to rank 34 variables which had been identified as potentiall ...
Institutional Investors and Corporate Behavior
... nstitutional investors are to students of corporate governance what banks were to Willie Sutton—they’re where the money is. But they weren’t always.1 As recently as 1980, institutional investors—principally banks, insurance companies, mutual funds, private pension funds, and state and local governme ...
... nstitutional investors are to students of corporate governance what banks were to Willie Sutton—they’re where the money is. But they weren’t always.1 As recently as 1980, institutional investors—principally banks, insurance companies, mutual funds, private pension funds, and state and local governme ...
Determinants of abnormal returns in mergers
... mergers and acquisitions were announced by U.S companies, with a value exceeding $700 billion. However, these amounts were even lower than the preceding years. In 2000, 1999 and 1998 the total value of merger and acquisition deals were $1.28 trillion, $1.4 trillion and $1.2 trillion respectively. Th ...
... mergers and acquisitions were announced by U.S companies, with a value exceeding $700 billion. However, these amounts were even lower than the preceding years. In 2000, 1999 and 1998 the total value of merger and acquisition deals were $1.28 trillion, $1.4 trillion and $1.2 trillion respectively. Th ...
Buyout Activity: The Impact of Aggregate Discount Rates
... and relative mis-valuation can play a role. Motivated by our empirical findings, Malenko and Malenko (2014) provide an alternative theoretical model for the role of variation in risk premium for buyout activity. Rather than our basic tradeoff, they emphasize the ability of private-equity-owned firms ...
... and relative mis-valuation can play a role. Motivated by our empirical findings, Malenko and Malenko (2014) provide an alternative theoretical model for the role of variation in risk premium for buyout activity. Rather than our basic tradeoff, they emphasize the ability of private-equity-owned firms ...
Chap4
... • Although the original intent of Rule 12b-1 was to promote a fund’s asset base and give existing fund shareholders access to lower expenses due to economies of scale, fund companies themselves do not tend to spend distribution fee revenue on advertising. The ICI (2005) surveyed its members in 2004 ...
... • Although the original intent of Rule 12b-1 was to promote a fund’s asset base and give existing fund shareholders access to lower expenses due to economies of scale, fund companies themselves do not tend to spend distribution fee revenue on advertising. The ICI (2005) surveyed its members in 2004 ...
Small Firm Use of Debt: An Examination of the Smallest Small Firms
... address a broad range of needs: to cover start-up costs, to provide working capital, to secure facilities or equipment, and to hire employees. Most small firms are at a relative disadvantage, because they are too small to access the public debt and equity markets. Similarly, they are typically too s ...
... address a broad range of needs: to cover start-up costs, to provide working capital, to secure facilities or equipment, and to hire employees. Most small firms are at a relative disadvantage, because they are too small to access the public debt and equity markets. Similarly, they are typically too s ...
The Changing Chemistry Between Hedge Funds and Investors
... the hedge fund industry today and in the future? Why do investors continue to invest in hedge funds, despite the negative perceptions and performance issues cited in the media? Where is the upside for hedge funds in this current climate? In a crowded marketplace, how do hedge funds differentiate the ...
... the hedge fund industry today and in the future? Why do investors continue to invest in hedge funds, despite the negative perceptions and performance issues cited in the media? Where is the upside for hedge funds in this current climate? In a crowded marketplace, how do hedge funds differentiate the ...
Empirical Evidence of Risk Shifting in Financially Distressed Firms
... the theoretical literature, secured debt is found to play a significant role in mitigating risk shifting, and assumption of short-term and convertible debt also reduces the extent of the problem. The results further show that risk-shifting behavior is more likely to occur in firms with more growth o ...
... the theoretical literature, secured debt is found to play a significant role in mitigating risk shifting, and assumption of short-term and convertible debt also reduces the extent of the problem. The results further show that risk-shifting behavior is more likely to occur in firms with more growth o ...
Restructuring of Serbian Enterprises
... between the firms which where privatized in auction and in sales. Second, Serbia is a centralized country in which most of economic and financial activity take place in Belgrade. Therefore, classification under b) tries to establish if privatization in regions outside Belgrade (Vojvodina, Central Se ...
... between the firms which where privatized in auction and in sales. Second, Serbia is a centralized country in which most of economic and financial activity take place in Belgrade. Therefore, classification under b) tries to establish if privatization in regions outside Belgrade (Vojvodina, Central Se ...
Important Information about Hedge Funds
... Investors should be aware of the risks associated with hedge funds. Certain of the potential benefits of hedge fund investing also present special risks. While the risks will vary from fund to fund, and a hedge fund’s PPM will generally describe the primary risks, some of the more common risks inclu ...
... Investors should be aware of the risks associated with hedge funds. Certain of the potential benefits of hedge fund investing also present special risks. While the risks will vary from fund to fund, and a hedge fund’s PPM will generally describe the primary risks, some of the more common risks inclu ...
Corporate Governance and Investment in the 20th Century Japan: A
... bank which has the long-term relationship with firms. Corporate groups known as keiretsu are the representatives of such postwar governance structures. Concerning on the role of postwar keiretsu, conventional wisdom has argued that corporate groups have encouraged investment through reducing asymmet ...
... bank which has the long-term relationship with firms. Corporate groups known as keiretsu are the representatives of such postwar governance structures. Concerning on the role of postwar keiretsu, conventional wisdom has argued that corporate groups have encouraged investment through reducing asymmet ...
Document
... them behind. Eskimos put them out on the ice. In times of famine, for example, they stopped eating so the young might live. Boomers will be retiring at the rate of 10,000 per day over the next 18 years. They will sell stocks to finance their remaining years. According to the San Francisco Fed mortal ...
... them behind. Eskimos put them out on the ice. In times of famine, for example, they stopped eating so the young might live. Boomers will be retiring at the rate of 10,000 per day over the next 18 years. They will sell stocks to finance their remaining years. According to the San Francisco Fed mortal ...
Westfield Form ADV Part 2A - Westfield Capital Management
... timely manner. Unless other terms are agreed upon, Westfield will confirm receipt of such notice prior to making any necessary trades in the account. Notifications are not deemed received until they have been confirmed by Westfield. Westfield will accept instructions only from authorized individuals ...
... timely manner. Unless other terms are agreed upon, Westfield will confirm receipt of such notice prior to making any necessary trades in the account. Notifications are not deemed received until they have been confirmed by Westfield. Westfield will accept instructions only from authorized individuals ...
Examples
... that VC will be paid back most of investment out of IPO proceeds Equipment can be funded with debt Gives investors ability to control growth Successfully structured investment to minimize downside, by only providing limited funds until milestones met VC commitment will be invested over time. If init ...
... that VC will be paid back most of investment out of IPO proceeds Equipment can be funded with debt Gives investors ability to control growth Successfully structured investment to minimize downside, by only providing limited funds until milestones met VC commitment will be invested over time. If init ...
Infrastructure Investment Policy Blueprint
... Enhanced public-private collaboration and understanding are required more than ever, as recent regulatory and market movements have slowed the flows of infrastructure finance. Heightened capital constraints, the implementation of Basel III requirements and a diminished market for structured debt ins ...
... Enhanced public-private collaboration and understanding are required more than ever, as recent regulatory and market movements have slowed the flows of infrastructure finance. Heightened capital constraints, the implementation of Basel III requirements and a diminished market for structured debt ins ...
Appendix 6(ii) Investor`s Statement (legal person) First name and
... 3) a natural person or natural persons who control at least 50% of the assets - in the case of entities entrusted with the administration of assets and distribution of such assets, except for entities performing portfolio management activities, where the portfolios consist of one or more financial i ...
... 3) a natural person or natural persons who control at least 50% of the assets - in the case of entities entrusted with the administration of assets and distribution of such assets, except for entities performing portfolio management activities, where the portfolios consist of one or more financial i ...
A note on portfolio selection, diversification and
... Australian, Canadian, UK and U.S. investment managers are leptokurtic (more peaked) and positively skewed. Finance theory suggests that a risk-averse investor should prefer distributions that are positively skewed. Investors are also expected to have a preference for lower kurtosis (i.e. less peaked ...
... Australian, Canadian, UK and U.S. investment managers are leptokurtic (more peaked) and positively skewed. Finance theory suggests that a risk-averse investor should prefer distributions that are positively skewed. Investors are also expected to have a preference for lower kurtosis (i.e. less peaked ...
The Great Escape? A Quantitative Evaluation of the Fed`s Liquidity
... Reserve System. Any errors or omissions are the responsibility of the authors. ...
... Reserve System. Any errors or omissions are the responsibility of the authors. ...
Valuation: Part I Discounted Cash Flow Valuation
... Sovereign dollar or euro denominated bonds: Find sovereign bonds denominated in US dollars, issued by emerging markets. The difference between the interest rate on the bond and the US treasury bond rate should be the default spread. For instance, in January 2011, the US dollar denominated 10-year bo ...
... Sovereign dollar or euro denominated bonds: Find sovereign bonds denominated in US dollars, issued by emerging markets. The difference between the interest rate on the bond and the US treasury bond rate should be the default spread. For instance, in January 2011, the US dollar denominated 10-year bo ...
Private equity in the 2000s
Private equity in the 2000s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The development of the private equity and venture capital asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. As the 20th century ended, so, too, did the dot-com bubble and the tremendous growth in venture capital that had marked the previous five years. In the wake of the collapse of the dot-com bubble, a new ""Golden Age"" of private equity ensued, as leveraged buyouts reach unparalleled size and the private equity firms achieved new levels of scale and institutionalization, exemplified by the initial public offering of the Blackstone Group in 2007.