This PDF is a selection from a published volume from... Research Volume Title: Demography and the Economy
... bequests, it is not clear that more home equity is better than less. Heirs may be worse off, not better off, if home prices rise. In the case of long-term care, prices are correlated cross sectionally with housing prices. If the elasticity of care costs with respect to housing prices is large (incorpo ...
... bequests, it is not clear that more home equity is better than less. Heirs may be worse off, not better off, if home prices rise. In the case of long-term care, prices are correlated cross sectionally with housing prices. If the elasticity of care costs with respect to housing prices is large (incorpo ...
Corporate Finance
... so that temporarily depressed income does not yield an overly low optimal debt ratio. Lower estimates of operating income for higher debt ratios due to indirect bankruptcy costs. ...
... so that temporarily depressed income does not yield an overly low optimal debt ratio. Lower estimates of operating income for higher debt ratios due to indirect bankruptcy costs. ...
Infrastructure holds Europe`s untapped potential
... It’s only in the very recent past that economic growth has come back into focus. That largely explains the public side, but private investment has also dropped sharply since the recession. German companies, for instance, have doubled their retained cash in the past decade, and others have followed s ...
... It’s only in the very recent past that economic growth has come back into focus. That largely explains the public side, but private investment has also dropped sharply since the recession. German companies, for instance, have doubled their retained cash in the past decade, and others have followed s ...
Original Transcript (PDF 409.85 KB)
... and uncertain world, a principal role of government should be to articulate a set of values that will find acceptance in the community. Acceptance will help to constrain the parts from antisocial and maladaptive behaviour and will encourage progress towards common ideals. The role of government also ...
... and uncertain world, a principal role of government should be to articulate a set of values that will find acceptance in the community. Acceptance will help to constrain the parts from antisocial and maladaptive behaviour and will encourage progress towards common ideals. The role of government also ...
1st Half 2016 Newsletter - Harpswell Capital Advisors
... question to public vote. In a speech in January 2013, he said that he had been under pressure by MPs (Members of the House of Commons) to deliver a referendum and that "disillusionment" with the EU was at an "all-time high." So effectively, it was an exercise in party management and a successful one ...
... question to public vote. In a speech in January 2013, he said that he had been under pressure by MPs (Members of the House of Commons) to deliver a referendum and that "disillusionment" with the EU was at an "all-time high." So effectively, it was an exercise in party management and a successful one ...
Case Study #2 – Software Co.
... bankers telling him of the advantages of selling to the employees with a private equity group owning a large part of the business and the management owning a minority stake. Other investment bankers had wanted to have an auction to sell the property to the absolutely the highest bidder without any c ...
... bankers telling him of the advantages of selling to the employees with a private equity group owning a large part of the business and the management owning a minority stake. Other investment bankers had wanted to have an auction to sell the property to the absolutely the highest bidder without any c ...
Giuseppe Gramigna
... American Recovery and Reinvestment Act of 2009: $787 billion for tax cuts, social programs, infrastructure Investment, energy efficiencies and renewable energy investment, and small business related programs. Small Business Jobs and Credit Act of 2010 creates a $30 billion small business lending fun ...
... American Recovery and Reinvestment Act of 2009: $787 billion for tax cuts, social programs, infrastructure Investment, energy efficiencies and renewable energy investment, and small business related programs. Small Business Jobs and Credit Act of 2010 creates a $30 billion small business lending fun ...
Slide 1 - Prudent Investor Advisors
... in academic research that has withstood rigorous open review for many years, does not rely on analysts’ forecasts or opinions about financial markets, but instead incorporates the key factors that drive the long-run performance of these markets. Many participants in 401(k) plans as well as other inv ...
... in academic research that has withstood rigorous open review for many years, does not rely on analysts’ forecasts or opinions about financial markets, but instead incorporates the key factors that drive the long-run performance of these markets. Many participants in 401(k) plans as well as other inv ...
7IM Specialist Investment Funds-7IM Emerging Markets Equity
... * Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly dis ...
... * Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly dis ...
- Access to Finance Portal for Africa
... Since 2000, Sub-Saharan Africa’s (SSA) size has doubled in real terms and almost quadrupled in nominal US dollar terms. SSA is growing fast with annual real GDP growth exceeding 5% in the last 10 years, second only to developing Asia. Growth is expected to remain at this level for the next 5 to 10 y ...
... Since 2000, Sub-Saharan Africa’s (SSA) size has doubled in real terms and almost quadrupled in nominal US dollar terms. SSA is growing fast with annual real GDP growth exceeding 5% in the last 10 years, second only to developing Asia. Growth is expected to remain at this level for the next 5 to 10 y ...
Real Assets and Inflation Hedging Strategies
... other financial products. Offers will only be made through a private placement memorandum to qualified investors and only in those jurisdictions where permitted by law. No assurances can be made that any expectations, strategies and/or goals expressed or implied will be realized or successful or tha ...
... other financial products. Offers will only be made through a private placement memorandum to qualified investors and only in those jurisdictions where permitted by law. No assurances can be made that any expectations, strategies and/or goals expressed or implied will be realized or successful or tha ...
Consumer Confidence Index
... The Investor’s Business Daily (IBD) Mutual Fund Index, comprised of 20 top-performing equity growth funds returned a disappointing -4.45% for the year. It is quite clear that investors had a very small appetite for risk in 2011, making it one of those rare years when investors willing to accept grea ...
... The Investor’s Business Daily (IBD) Mutual Fund Index, comprised of 20 top-performing equity growth funds returned a disappointing -4.45% for the year. It is quite clear that investors had a very small appetite for risk in 2011, making it one of those rare years when investors willing to accept grea ...
Background Note on leveraging private investment and the role of public sector climate finance
... investors to consider, or simply cannot access sufficient equity, despite having a strong internal rate of return (IRR). If provision of equity is the primary limiting factor, an equity capital ‘pledge’ fund may be appropriate. In this model, public finance sponsors (which could be developed country ...
... investors to consider, or simply cannot access sufficient equity, despite having a strong internal rate of return (IRR). If provision of equity is the primary limiting factor, an equity capital ‘pledge’ fund may be appropriate. In this model, public finance sponsors (which could be developed country ...
objective straightforward communications generating potential
... Write Income is solely focused on generating yield through dividends and derivatives strategies with a focus on seeking to generate a high single-digit yield. This strategy is comprised of firms that have sustainable business models, attractive balance sheets and strong cash flow generation with a h ...
... Write Income is solely focused on generating yield through dividends and derivatives strategies with a focus on seeking to generate a high single-digit yield. This strategy is comprised of firms that have sustainable business models, attractive balance sheets and strong cash flow generation with a h ...
Behavioral Finance
... “The bubble of the late 1990s proves that the market is not efficient.” In the sense that price equals value But, can you predict when the bubble will burst? It is very difficult. ...
... “The bubble of the late 1990s proves that the market is not efficient.” In the sense that price equals value But, can you predict when the bubble will burst? It is very difficult. ...
Current - Insurance Gateway
... Overview of changes to the ASISA fund classification structure – Effective 1 January 2013 ...
... Overview of changes to the ASISA fund classification structure – Effective 1 January 2013 ...
Birla Sun Life Focused Equity Fund - Series 4.cdr
... which can provide 6-10x returns over 10-15 year period, one would realise that intermittent rallies of two or three fold increase are only milestones and still leave 2-5x returns on the table. Healthy scepticism that leads to sensible inquiry is required to avoid irrational decisions. At the same ti ...
... which can provide 6-10x returns over 10-15 year period, one would realise that intermittent rallies of two or three fold increase are only milestones and still leave 2-5x returns on the table. Healthy scepticism that leads to sensible inquiry is required to avoid irrational decisions. At the same ti ...
How a Banker Looks at Financial Leverage
... satisfactory. Assets are often approached from the vantage point of "What is their replacement value?" But replacement has no value if revenue and profits cannot be generated. Generally, whenever the return on assets exceeds the cost of debt, leverage is favorable, and the higher the leverage factor ...
... satisfactory. Assets are often approached from the vantage point of "What is their replacement value?" But replacement has no value if revenue and profits cannot be generated. Generally, whenever the return on assets exceeds the cost of debt, leverage is favorable, and the higher the leverage factor ...
Introduction to Financial Management
... Firm D wants to expand its business. Currently the firm has D/V of 40%. The cost of the firm’s equity is 14.6%, the risk free rate is 8% and the debt is risk-free. Suppose that the firm wants to finance the expansion project by issuing $20 million of risk-free perpetual debt and $80 millions of equi ...
... Firm D wants to expand its business. Currently the firm has D/V of 40%. The cost of the firm’s equity is 14.6%, the risk free rate is 8% and the debt is risk-free. Suppose that the firm wants to finance the expansion project by issuing $20 million of risk-free perpetual debt and $80 millions of equi ...
use the following information for the next two problems
... return on assets (ROA). Each company has a 40 percent tax rate. Bedford, however, has a higher debt ratio and higher interest expense. Which of the following statements is most correct? a. The two companies have the same return on equity (ROE). b. Bedford has a higher return on equity (ROE). c. Bedf ...
... return on assets (ROA). Each company has a 40 percent tax rate. Bedford, however, has a higher debt ratio and higher interest expense. Which of the following statements is most correct? a. The two companies have the same return on equity (ROE). b. Bedford has a higher return on equity (ROE). c. Bedf ...
CapStrStu
... __________, the D.Ct. and CA-5 held for the taxpayer (i.e., business bad debt). In _________, the S.Ct. formulated the touchstone as the taxpayer’s _________ motive for the loan guarantees. Did the guarantees protect his ________ (annual pre-tax salary of $12,000) or _______ ($39,000 investment)? Th ...
... __________, the D.Ct. and CA-5 held for the taxpayer (i.e., business bad debt). In _________, the S.Ct. formulated the touchstone as the taxpayer’s _________ motive for the loan guarantees. Did the guarantees protect his ________ (annual pre-tax salary of $12,000) or _______ ($39,000 investment)? Th ...
1 - City of Port Hueneme
... Equity Share loans consist of deferred principal and deferred contingent interest, computed as an equity share in the property. The City’s equity share is equal to the percentage that the City’s loan represents of the pre-rehabilitation value of the property. For example, if the City makes a $40,000 ...
... Equity Share loans consist of deferred principal and deferred contingent interest, computed as an equity share in the property. The City’s equity share is equal to the percentage that the City’s loan represents of the pre-rehabilitation value of the property. For example, if the City makes a $40,000 ...
Compensation Model
... – CUPA HR primary for higher education, industry specific positions – Job Service ND for local hire positions common to all industries ...
... – CUPA HR primary for higher education, industry specific positions – Job Service ND for local hire positions common to all industries ...
IFC MAKES FIRST INVESTMENT IN SA`s
... sciences and biotechnology expertise in South Africa with a pioneering investment of R20-million in the Biotech Venture Partners Fund (Bioventures). Bioventures is South Africa's first venture capital fund which focuses on the life sciences and biotechnology sector. Mr Michael Tiller, IFC's regional ...
... sciences and biotechnology expertise in South Africa with a pioneering investment of R20-million in the Biotech Venture Partners Fund (Bioventures). Bioventures is South Africa's first venture capital fund which focuses on the life sciences and biotechnology sector. Mr Michael Tiller, IFC's regional ...
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.