Hot debt market - Adverse selection costs as a debt issue driver
... Table 19. Determinants of hot debt months in the aggregate sample .......................................................... 61 Table 20. Determinants of hot debt months in the sample of syndicated loan issues................................. 64 Table 21. Determinants of hot debt months in the sampl ...
... Table 19. Determinants of hot debt months in the aggregate sample .......................................................... 61 Table 20. Determinants of hot debt months in the sample of syndicated loan issues................................. 64 Table 21. Determinants of hot debt months in the sampl ...
RBC Funds (Lux) - RBC Global Asset Management
... Index. Nine of the eleven sectors in the S&P/TSX delivered gains. The top performing sectors were Materials, Energy and Information Technology. The Fund’s outperformance was due to a lack of exposure to pressured specialty -pharmaceutical business models in the Health Care sector. Conversely, underw ...
... Index. Nine of the eleven sectors in the S&P/TSX delivered gains. The top performing sectors were Materials, Energy and Information Technology. The Fund’s outperformance was due to a lack of exposure to pressured specialty -pharmaceutical business models in the Health Care sector. Conversely, underw ...
99 COMPANY XYZ LIMITED
... Industry Association (“IFIA”) has published a corporate governance code (“IFIA Code”) that may be adopted on a voluntary basis by Irish authorised collective investments schemes. This code became effective from 1 January 2012, with a twelve month transitional period. It should be noted that the IFIA ...
... Industry Association (“IFIA”) has published a corporate governance code (“IFIA Code”) that may be adopted on a voluntary basis by Irish authorised collective investments schemes. This code became effective from 1 January 2012, with a twelve month transitional period. It should be noted that the IFIA ...
Bright Directions 529 College Savings Program
... Illinois State Treasurer, Union Bank & Trust Company, Northern Trust Securities, Inc., the Federal Deposit Insurance Corporation, or any other entity. The Program and its associated persons make no representations regarding the suitability of the Program’s investment portfolios for any particular in ...
... Illinois State Treasurer, Union Bank & Trust Company, Northern Trust Securities, Inc., the Federal Deposit Insurance Corporation, or any other entity. The Program and its associated persons make no representations regarding the suitability of the Program’s investment portfolios for any particular in ...
Venture Capitalists on the Seed Stage Arena
... Result: Several factors make seed stage investing unattractive compared to later stages. Important difficulties are higher risks, high costs for fund management, goal incongruence in the investor – venture capitalist relation and lack of bargaining power for seed venture capitalists. Environmental f ...
... Result: Several factors make seed stage investing unattractive compared to later stages. Important difficulties are higher risks, high costs for fund management, goal incongruence in the investor – venture capitalist relation and lack of bargaining power for seed venture capitalists. Environmental f ...
1 September 2006 Page 1 of 52 The SPI Fund of Scottish Provident
... respect of a particular policy (or Specimen Policy, where the context admits). For some policy types this may be expressed as a pension or annuity rather than a cash sum. ...
... respect of a particular policy (or Specimen Policy, where the context admits). For some policy types this may be expressed as a pension or annuity rather than a cash sum. ...
Geographic Dispersion and Stock Returns
... It is well documented that both professional investment managers and individual investors display a strong preference for investing in local firms.1 This finding is unexpected from the point of view of standard portfolio theory, and it has spurred a large literature on the causes and consequences of ...
... It is well documented that both professional investment managers and individual investors display a strong preference for investing in local firms.1 This finding is unexpected from the point of view of standard portfolio theory, and it has spurred a large literature on the causes and consequences of ...
Growth and strategies of large, lead firms - Remgro Ltd
... simple count of major acquisitions and divestitures indicates that these were primarily in these areas. Since 2006 when it profitably sold its 15% stake in Vodacom for R15.6bn,6 past technology investments have included: Tracker, Dimension Data, Fundamo and, more recently, DFA and Seacom (Hasenfuss, ...
... simple count of major acquisitions and divestitures indicates that these were primarily in these areas. Since 2006 when it profitably sold its 15% stake in Vodacom for R15.6bn,6 past technology investments have included: Tracker, Dimension Data, Fundamo and, more recently, DFA and Seacom (Hasenfuss, ...
The Demand for Audit in Private Firms: Recent Large
... Jensen and Meckling (1976) suggest that external financial statement audits provide a partial solution to the agency costs arising from the separation of ownership and control in organisations. Their hypotheses regarding audit are applicable to both public corporations and private companies, where t ...
... Jensen and Meckling (1976) suggest that external financial statement audits provide a partial solution to the agency costs arising from the separation of ownership and control in organisations. Their hypotheses regarding audit are applicable to both public corporations and private companies, where t ...
Prospectus - Franklin Templeton Investment Funds (SICAV)
... her/his Investor’s rights directly against the Company, notably the right to participate in general meetings of the Shareholders, if the Investor is registered himself and in his own name in the register of Shareholders of the Company. If an Investor invests in the Company through an intermediary in ...
... her/his Investor’s rights directly against the Company, notably the right to participate in general meetings of the Shareholders, if the Investor is registered himself and in his own name in the register of Shareholders of the Company. If an Investor invests in the Company through an intermediary in ...
International Finance Corporation
... The applicable Final Terms in respect of the issue of any Notes will specify whether and on which exchange such Notes will be listed or whether such Notes will be unlisted. References in this Prospectus to Notes being “listed” (and all related references) shall mean that such Notes have been admitte ...
... The applicable Final Terms in respect of the issue of any Notes will specify whether and on which exchange such Notes will be listed or whether such Notes will be unlisted. References in this Prospectus to Notes being “listed” (and all related references) shall mean that such Notes have been admitte ...
TORTOISE CAPITAL RESOURCES CORP (Form: N
... stockholders with a high level of total return, with an emphasis on dividends and dividend growth. We invest primarily in the equity securities of companies that we expect to pay us distributions on a current basis and provide us distribution growth. These securities will generally be limited partne ...
... stockholders with a high level of total return, with an emphasis on dividends and dividend growth. We invest primarily in the equity securities of companies that we expect to pay us distributions on a current basis and provide us distribution growth. These securities will generally be limited partne ...
Credit default swaps around the world: Investment and
... considered more creditor-friendly. For plausible parameter values, we demonstrate that the introduction of CDS increases debt capacity more in regimes with less uncertainty regarding credit events, as well as in environments with lower liquidation cost, weaker contract enforceability and greater con ...
... considered more creditor-friendly. For plausible parameter values, we demonstrate that the introduction of CDS increases debt capacity more in regimes with less uncertainty regarding credit events, as well as in environments with lower liquidation cost, weaker contract enforceability and greater con ...
The Role of Organizational Structure
... interdependencies. Dessein and Santos (2006) study the trade-off between ex ante coordination, through rules, and ex post coordination, through communication. Cremer et al., (2007) study the limits to firm scope due to the loss of specificity in organizational languages as firm scope grows. To study ...
... interdependencies. Dessein and Santos (2006) study the trade-off between ex ante coordination, through rules, and ex post coordination, through communication. Cremer et al., (2007) study the limits to firm scope due to the loss of specificity in organizational languages as firm scope grows. To study ...
Scholar`s Edge Enrollment Kit
... This material is provided for general and educational purposes only and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. Contact your attorney or tax advisor regarding your specific legal, investment or tax si ...
... This material is provided for general and educational purposes only and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. Contact your attorney or tax advisor regarding your specific legal, investment or tax si ...
Historical cost measurement and the use of DuPont analysis by
... That is, changes in the historical cost bias in asset values affect the extent to which asset turnover forecasts are mispriced by investors. In additional analyses we first provide some preliminary international evidence to generalize our findings and to investigate the role of inflation, which, ba ...
... That is, changes in the historical cost bias in asset values affect the extent to which asset turnover forecasts are mispriced by investors. In additional analyses we first provide some preliminary international evidence to generalize our findings and to investigate the role of inflation, which, ba ...
Real Options, Volatility, and Stock Returns∗
... of firms. Second, it does not require estimating the values of real options. Finally, it is robust to any type of real options that firms may possess. Following Leahy and Whited (1996) and Bulan (2005), we employ changes in volatility of stock returns as a proxy for changes in underlying volatility ...
... of firms. Second, it does not require estimating the values of real options. Finally, it is robust to any type of real options that firms may possess. Following Leahy and Whited (1996) and Bulan (2005), we employ changes in volatility of stock returns as a proxy for changes in underlying volatility ...
Extending the Resource-Based View to Explain Venture Capital
... The independent variables (human-based factors) include reputational capital, cumulative experience, social capital, and organizational-related capital. Organizational-related capital is a construct representing a firm’s strategy that incorporates preferences specific to the venture capital industry ...
... The independent variables (human-based factors) include reputational capital, cumulative experience, social capital, and organizational-related capital. Organizational-related capital is a construct representing a firm’s strategy that incorporates preferences specific to the venture capital industry ...
TNI BLUE CHIP UAE FUND - The National Investor
... connection with an investment in the Units may be relied upon as having been made or given with the authority of the Fund Manager, and no responsibility is accepted by the Fund Manager, its subsidiaries or associates or any of its directors, officers, employees or agents, in respect thereof. Any rep ...
... connection with an investment in the Units may be relied upon as having been made or given with the authority of the Fund Manager, and no responsibility is accepted by the Fund Manager, its subsidiaries or associates or any of its directors, officers, employees or agents, in respect thereof. Any rep ...
Investment Policy Manual
... corporate bonds; mortgage-backed securities; municipal securities of New York State and its political subdivisions or authorities; bonds of the Commonwealth of Canada and its political subdivisions or authorities; preferred shares; common stocks; deposits in savings banks; equity real estate; mortga ...
... corporate bonds; mortgage-backed securities; municipal securities of New York State and its political subdivisions or authorities; bonds of the Commonwealth of Canada and its political subdivisions or authorities; preferred shares; common stocks; deposits in savings banks; equity real estate; mortga ...
Management Fee Evaluation
... Janus and Henderson to integrate their organizations. The Board also received information regarding the impact of the Transaction on each of INTECH, Perkins and Janus Singapore. In connection with the Board’s approval of New Advisory Agreements and New Sub-Advisory Agreements at its December 8, 201 ...
... Janus and Henderson to integrate their organizations. The Board also received information regarding the impact of the Transaction on each of INTECH, Perkins and Janus Singapore. In connection with the Board’s approval of New Advisory Agreements and New Sub-Advisory Agreements at its December 8, 201 ...
words - Nasdaq`s INTEL Solutions
... to a lesser extent, in senior debt and equity. We use the term “structured mezzanine debt investment” to refer to any debt investment, such as a senior or subordinated secured loan, that is coupled with an equity component, including warrants, options or rights to purchase common or preferred stock. ...
... to a lesser extent, in senior debt and equity. We use the term “structured mezzanine debt investment” to refer to any debt investment, such as a senior or subordinated secured loan, that is coupled with an equity component, including warrants, options or rights to purchase common or preferred stock. ...
Why Public-Private Partnerships Don`t Work
... the G20, OECD and others to ‘financialize’ PPPs in order to access the trillions of dollars held by pension funds, insurance companies and other institutional investors. To access these funds, governments are advised to do a whole lot of PPPs at the same time in order to create a pool of assets that ...
... the G20, OECD and others to ‘financialize’ PPPs in order to access the trillions of dollars held by pension funds, insurance companies and other institutional investors. To access these funds, governments are advised to do a whole lot of PPPs at the same time in order to create a pool of assets that ...
Herding Behavior - Evidence from Portuguese Mutual Funds
... For the last two decades, the importance of mutual funds all over the world has increased enormously. In 1950, institutional investors in the US held 6% of the stock market. Today that share represents over 50% of the stock market capitalization (around US dollars 30 trillion) and mutual funds are t ...
... For the last two decades, the importance of mutual funds all over the world has increased enormously. In 1950, institutional investors in the US held 6% of the stock market. Today that share represents over 50% of the stock market capitalization (around US dollars 30 trillion) and mutual funds are t ...
Private equity
In finance, private equity is an asset class consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange.A private equity investment will generally be made by a private equity firm, a venture capital firm or an angel investor. Each of these categories of investor has its own set of goals, preferences and investment strategies; however, all provide working capital to a target company to nurture expansion, new-product development, or restructuring of the company’s operations, management, or ownership.Bloomberg Businessweek has called private equity a rebranding of leveraged-buyout firms after the 1980s. Common investment strategies in private equity include: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged-buyout transaction, a private-equity firm buys majority control of an existing or mature firm. This is distinct from a venture-capital or growth-capital investment, in which the investors (typically venture-capital firms or angel investors) invest in young, growing or emerging companies, and rarely obtain majority control.Private equity is also often grouped into a broader category called private capital, generally used to describe capital supporting any long-term, illiquid investment strategy.