Equity Risk Premiums (ERP)
... A Price for Risk To illustrate why the equity risk premium is the price attached to risk, consider an alternate (though unrealistic) world where investors are risk neutral. In this world, the value of an asset would be the present value of expected cash flows, discounted back at a risk free rate. Th ...
... A Price for Risk To illustrate why the equity risk premium is the price attached to risk, consider an alternate (though unrealistic) world where investors are risk neutral. In this world, the value of an asset would be the present value of expected cash flows, discounted back at a risk free rate. Th ...
Determinants of Capital Structure: Evidence from a Major
... and financial stability in policy circles. Our results do in fact show that there is a strong positive correlation between capital flows and corporate leverage in Turkey, indicating that firms choose to intensify their usage of debt in response to a rise in the availability of foreign capital. Moreo ...
... and financial stability in policy circles. Our results do in fact show that there is a strong positive correlation between capital flows and corporate leverage in Turkey, indicating that firms choose to intensify their usage of debt in response to a rise in the availability of foreign capital. Moreo ...
Competition and Cooperation among Exchanges
... decrease in volume but an increase in value compared to 2006, which saw 135 IPOs by international companies raising €19.2 billion. In terms of value, international IPOs represented 27% of total IPOs in Europe in 2007. By comparison, U.S. exchanges had 45 IPOs by non-U.S. companies that raised €9.7 b ...
... decrease in volume but an increase in value compared to 2006, which saw 135 IPOs by international companies raising €19.2 billion. In terms of value, international IPOs represented 27% of total IPOs in Europe in 2007. By comparison, U.S. exchanges had 45 IPOs by non-U.S. companies that raised €9.7 b ...
Promotion of unregulated collective investment schemes
... scheme funds that are not structured as unregulated collective investment schemes are outside of the scope. A number of other arrangements which are fund like but do not take the form of a non mainstream pooled investment will therefore remain unaffected by the new rules. The FCA have also confirmed ...
... scheme funds that are not structured as unregulated collective investment schemes are outside of the scope. A number of other arrangements which are fund like but do not take the form of a non mainstream pooled investment will therefore remain unaffected by the new rules. The FCA have also confirmed ...
THE CITY UNIVERSITY OF NEW YORK – INVESTMENT POLICY
... College and funds belonging to one or more of the College Foundations that have chosen to invest in the Portfolio. It therefore serves as an umbrella vehicle for multiple participants, many of which have other long-term funds. It is the aim of the CUNY Portfolio to become the preferred choice for pl ...
... College and funds belonging to one or more of the College Foundations that have chosen to invest in the Portfolio. It therefore serves as an umbrella vehicle for multiple participants, many of which have other long-term funds. It is the aim of the CUNY Portfolio to become the preferred choice for pl ...
Australian-Bankers-Association-Basel-III
... a level playing field, particularly in relation to raising funding. The ABA does not believe this to be the case. While the proposed Basel Committee disclosure template attempts to enable market participants to compare the capital adequacy of banks across jurisdictions, it focuses on a detailed reco ...
... a level playing field, particularly in relation to raising funding. The ABA does not believe this to be the case. While the proposed Basel Committee disclosure template attempts to enable market participants to compare the capital adequacy of banks across jurisdictions, it focuses on a detailed reco ...
Debt Structure and Financial Flexibility
... A large theoretical literature shows that debt structure can improve or detract from flexibility through various channels. In this paper I consider four aspects of debt structure that are related, theoretically, to flexibility: (1) the total level of debt, (2) the mix of short- vs longmaturity debt, ...
... A large theoretical literature shows that debt structure can improve or detract from flexibility through various channels. In this paper I consider four aspects of debt structure that are related, theoretically, to flexibility: (1) the total level of debt, (2) the mix of short- vs longmaturity debt, ...
Test Bank for Advanc..
... A. Investee dividends from earnings since acquisition by investor are treated as a reduction of the investment. B. Investments are carried by the investor at historical cost. C. No journal entry is made regarding the earnings of the investee. D. It is consistent with the treatment normally accorded ...
... A. Investee dividends from earnings since acquisition by investor are treated as a reduction of the investment. B. Investments are carried by the investor at historical cost. C. No journal entry is made regarding the earnings of the investee. D. It is consistent with the treatment normally accorded ...
A lifecycle investment solution
... after an employee retires. It is a problem because there is little time for retirement balances to recover losses after a downturn. If a significant event, such as a 20% fall in markets, was to occur close to retirement – which is typically the point of maximum wealth for the average employee – it w ...
... after an employee retires. It is a problem because there is little time for retirement balances to recover losses after a downturn. If a significant event, such as a 20% fall in markets, was to occur close to retirement – which is typically the point of maximum wealth for the average employee – it w ...
Optimal Asset Location and Allocation with Taxable and Tax
... overall portfolio to be overweighted in bonds. This is because offsetting portfolio adjustments in the taxable account is no longer possible when borrowing is prohibited. In this case, investors may hold a mix of stocks and bonds in their tax-deferred accounts, but only if they hold an all-equity po ...
... overall portfolio to be overweighted in bonds. This is because offsetting portfolio adjustments in the taxable account is no longer possible when borrowing is prohibited. In this case, investors may hold a mix of stocks and bonds in their tax-deferred accounts, but only if they hold an all-equity po ...
Hedge Fund Activism April Klein, Stern School of Business, New
... several years, with investments in hedge funds topping $1 trillion in 2006 and the number of hedge funds increasing from approximately 5,000 in 2002 to 8,000 in 2005 (Fraidin, 2006). With the proliferation of these funds, there has also been an increase in hedge fund activism by the funds’ managers ...
... several years, with investments in hedge funds topping $1 trillion in 2006 and the number of hedge funds increasing from approximately 5,000 in 2002 to 8,000 in 2005 (Fraidin, 2006). With the proliferation of these funds, there has also been an increase in hedge fund activism by the funds’ managers ...
Report submitted by Alternative Investment Policy Advisory
... 2. This is not only a valuable service for both savers and portfolio companies, but also for the Indian economy as it creates jobs, improves governance and promotes innovation and economic growth. 3. For Alternative Investment Funds to perform this invaluable role, the regulatory framework must be a ...
... 2. This is not only a valuable service for both savers and portfolio companies, but also for the Indian economy as it creates jobs, improves governance and promotes innovation and economic growth. 3. For Alternative Investment Funds to perform this invaluable role, the regulatory framework must be a ...
alternative leasing arrangements
... and gradually over the years that you use it. This expectation about resale value is based on past experience with similar machines, expected economic conditions, and your anticipated intensity of use of the machine. Suppose that you could also lease the machine on a non-cancellation, closed-end ba ...
... and gradually over the years that you use it. This expectation about resale value is based on past experience with similar machines, expected economic conditions, and your anticipated intensity of use of the machine. Suppose that you could also lease the machine on a non-cancellation, closed-end ba ...
Risk analysis of the proxy life-cycle investments in the second pillar
... pillar) based on individual investments, i.e. the defined contribution model, has experienced a significant change in recent years in many of the countries in which it has been implemented (Impavido et al., 2010). The basis for such changes is academic studies that have shown that life-cycle investm ...
... pillar) based on individual investments, i.e. the defined contribution model, has experienced a significant change in recent years in many of the countries in which it has been implemented (Impavido et al., 2010). The basis for such changes is academic studies that have shown that life-cycle investm ...
ask investment managers private limited
... employee or any person directly or indirectly connected with the portfolio manager or its directors, principal officer or employee, under the Act or Rules or Regulations made thereunder. ...
... employee or any person directly or indirectly connected with the portfolio manager or its directors, principal officer or employee, under the Act or Rules or Regulations made thereunder. ...
3.2 Country-Level Factors and Earnings Quality of Cross
... 2.2 Country-Level Factors and the Earnings Quality of Cross-Listed Firm Agency theory suggests that shareholders require protection because management may not always act in the interests of shareholders (Fama, 1980; Fama and Jensen, 1983; Jensen and Meckling, 1976). In the context of U.S. cross-lis ...
... 2.2 Country-Level Factors and the Earnings Quality of Cross-Listed Firm Agency theory suggests that shareholders require protection because management may not always act in the interests of shareholders (Fama, 1980; Fama and Jensen, 1983; Jensen and Meckling, 1976). In the context of U.S. cross-lis ...
malta 2016 - HFM Global
... wholesale-denominated debt securities to trade on an EU regulated market. Soundly structured, securitisation is an important channel for diversifying funding sources and enabling a broader distribution of risk by allowing lenders such as banks to transfer the risk of some exposures to other banks, o ...
... wholesale-denominated debt securities to trade on an EU regulated market. Soundly structured, securitisation is an important channel for diversifying funding sources and enabling a broader distribution of risk by allowing lenders such as banks to transfer the risk of some exposures to other banks, o ...
Market Design with Blockchain Technology
... heavily, front-running cannot be prevented by incentivizing potential front-runners. In8 ...
... heavily, front-running cannot be prevented by incentivizing potential front-runners. In8 ...
2015 Preqin Sovereign Wealth Fund Review: Exclusive Extract
... The Contrarian Approach Sovereign wealth funds are in a unique position as longterm investors, with the affordability to anticipate longer term opportunities that could present more favourable valuations and higher expected returns. In this way, sovereign wealth funds can avoid the herd mentality an ...
... The Contrarian Approach Sovereign wealth funds are in a unique position as longterm investors, with the affordability to anticipate longer term opportunities that could present more favourable valuations and higher expected returns. In this way, sovereign wealth funds can avoid the herd mentality an ...
The Asset Allocation Debate: Provocative Questions
... security selection and/or market-timing—played minor roles. These findings were subsequently confirmed by Vanguard and other researchers (Ibbotson and Kaplan, 2000). Investment advisors have generally interpreted this research to mean that selecting an appropriate asset allocation is more important ...
... security selection and/or market-timing—played minor roles. These findings were subsequently confirmed by Vanguard and other researchers (Ibbotson and Kaplan, 2000). Investment advisors have generally interpreted this research to mean that selecting an appropriate asset allocation is more important ...
Credit Suisse Global Investment Returns Yearbook 2013
... It is now over five years since the beginning of the global financial crisis and there is a sense that, following interruptions from the Eurozone crisis and, more recently, the fiscal cliff debate in the USA, the world economy is finally moving towards a meaningful recovery. In this context, the Cre ...
... It is now over five years since the beginning of the global financial crisis and there is a sense that, following interruptions from the Eurozone crisis and, more recently, the fiscal cliff debate in the USA, the world economy is finally moving towards a meaningful recovery. In this context, the Cre ...
Tangerine Investment Funds Simplified Prospectus
... in securities that are included in the index through optimization-based technology that creates a portfolio with overall risk/return characteristics as close as possible to the index. For further information on the optimization-based technology, please refer to the discussion under the heading Index ...
... in securities that are included in the index through optimization-based technology that creates a portfolio with overall risk/return characteristics as close as possible to the index. For further information on the optimization-based technology, please refer to the discussion under the heading Index ...
Why Hedge Funds? - CFA Institute Publications
... This piece reflects the views of the author and does not represent the official views of the Financial Analysts Journal or CFA Institute. ...
... This piece reflects the views of the author and does not represent the official views of the Financial Analysts Journal or CFA Institute. ...
1/20/04 All rights reserved IS EQUITY
... Unfortunately, the empirical evidence bearing on these questions is sparse and conflicting. Although two recent studies indicate that some large public companies repurchase a substantial number of shares in the year in which they grant stock options,10 other studies and much anecdotal evidence sugge ...
... Unfortunately, the empirical evidence bearing on these questions is sparse and conflicting. Although two recent studies indicate that some large public companies repurchase a substantial number of shares in the year in which they grant stock options,10 other studies and much anecdotal evidence sugge ...
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.