reporting period
... in other written or verbal statements by the group which concern future expectations in respect of Colruyt group activities, events and strategic developments are forecasts and as such entail risks and uncertainties. The information being imparted relates to information available at this time, which ...
... in other written or verbal statements by the group which concern future expectations in respect of Colruyt group activities, events and strategic developments are forecasts and as such entail risks and uncertainties. The information being imparted relates to information available at this time, which ...
PDF, 1.9MB - Diploma PLC
... enhancing acquisitions Generate consistently strong cash flow to fund growth strategy and dividends Create value by consistently exceeding 20% ROATCE ...
... enhancing acquisitions Generate consistently strong cash flow to fund growth strategy and dividends Create value by consistently exceeding 20% ROATCE ...
Endogenous risk in a DSGE model with capital-constrained …nancial intermediaries Hans Dewachter
... In this endogenous risk literature, …nancial risk is modelled consistently with the stochastic discount factor of the marginal investor. Typically, only …nancial intermediaries are assumed to invest directly in capital or in …rm assets and therefore, these institutions are key to risk pricing. Model ...
... In this endogenous risk literature, …nancial risk is modelled consistently with the stochastic discount factor of the marginal investor. Typically, only …nancial intermediaries are assumed to invest directly in capital or in …rm assets and therefore, these institutions are key to risk pricing. Model ...
Asymmetric Timely Loss Recognition, Earnings Smoothness and
... but cannot be written up. Researchers have found conservative reporting to be present across a variety of settings and time periods.2 Ball & Shivakumar 2006 document that the impact of conservatism changes the correlation between accruals and cash flows from strongly negative to near zero when econo ...
... but cannot be written up. Researchers have found conservative reporting to be present across a variety of settings and time periods.2 Ball & Shivakumar 2006 document that the impact of conservatism changes the correlation between accruals and cash flows from strongly negative to near zero when econo ...
Using Financial Derivatives to Hedge Against Market
... instrument is perfectly divisible and there are no transaction costs or taxes. Assuming the availability of the required derivatives is quite common in the finance discipline, as they can either be created through financial engineering or they will be offered on the market if a demand exists. In pra ...
... instrument is perfectly divisible and there are no transaction costs or taxes. Assuming the availability of the required derivatives is quite common in the finance discipline, as they can either be created through financial engineering or they will be offered on the market if a demand exists. In pra ...
What Drives Long-term Capital Flows? A Theoretical and Empirical
... markets exhibits infinite speeds of convergence for capital and output. Assuming a debt-elastic interest rate, an endogenous discount factor or portfolio adjustment costs are ways to solve for the indeterminacy of debt in these models ...
... markets exhibits infinite speeds of convergence for capital and output. Assuming a debt-elastic interest rate, an endogenous discount factor or portfolio adjustment costs are ways to solve for the indeterminacy of debt in these models ...
Capital Flow Waves - National Bureau of Economic Research
... liquidity/credit—with little role for domestic factors. Our finding that the primary factor associated with capital flow episodes is changes in global risk supports this recent theoretical focus on global factors, especially risk. The results, however, do not support the widespread presumption that ...
... liquidity/credit—with little role for domestic factors. Our finding that the primary factor associated with capital flow episodes is changes in global risk supports this recent theoretical focus on global factors, especially risk. The results, however, do not support the widespread presumption that ...
Notes to the - Old Chang Kee
... The Government has reiterated that efforts must be stepped up to further moderate the demand for foreign workers with the view that the foreign share of the total workforce be kept to around one-third in the long term. Foreign workers levies will be increased in six-monthly intervals up to July 2013 ...
... The Government has reiterated that efforts must be stepped up to further moderate the demand for foreign workers with the view that the foreign share of the total workforce be kept to around one-third in the long term. Foreign workers levies will be increased in six-monthly intervals up to July 2013 ...
Europe`s ETF Primary Market
... Creations of iShares FTSE 100 ETF (ISF) incur 50bp stamp duty on underlying shares Arbitrage possible when price
... Creations of iShares FTSE 100 ETF (ISF) incur 50bp stamp duty on underlying shares Arbitrage possible when price
29 - San Francisco State University
... from the effects of the environment. Others argue that large firms are likely to have tortuous internal procedures and multiple relationships with stakeholders, which may slow down their ability to respond quickly (Meyer and Zucker, 1989). Therefore, according to the behavioral perspective (Hambrick ...
... from the effects of the environment. Others argue that large firms are likely to have tortuous internal procedures and multiple relationships with stakeholders, which may slow down their ability to respond quickly (Meyer and Zucker, 1989). Therefore, according to the behavioral perspective (Hambrick ...
Capital Flight from South Africa, 1980 to 2000
... The theoretical debates on cap ital flight mainly focus on portfolio choice decisions. From this perspective, profit maximizing investors will decide to invest abroad when riskadjusted returns abroad are higher. Therefore, capital flight is seen as a response to changes to an individ ual’s portfolio ...
... The theoretical debates on cap ital flight mainly focus on portfolio choice decisions. From this perspective, profit maximizing investors will decide to invest abroad when riskadjusted returns abroad are higher. Therefore, capital flight is seen as a response to changes to an individ ual’s portfolio ...
the determinants of capital structure: the evidence from the
... between tangibility only to market leverage and negative to book leverage. Also Bastos et al. (2009) and Dincergok and Yalciner (2011) find the positive only for long-term debt. According to the pecking order theory low information asymmetry associated with tangible assets makes external equity less ...
... between tangibility only to market leverage and negative to book leverage. Also Bastos et al. (2009) and Dincergok and Yalciner (2011) find the positive only for long-term debt. According to the pecking order theory low information asymmetry associated with tangible assets makes external equity less ...
AEGON withstands market turmoil with continued capital
... policies, has been closed to new business since ...
... policies, has been closed to new business since ...
Financing Durable Assets
... from markets following default as in Rampini and Viswanathan (2010, 2013, 2015).3 For this class of economies, they show that the optimal dynamic contract can be implemented with one-period ahead complete markets subject to collateral constraints. The collateral constraints imply that firms’ promise ...
... from markets following default as in Rampini and Viswanathan (2010, 2013, 2015).3 For this class of economies, they show that the optimal dynamic contract can be implemented with one-period ahead complete markets subject to collateral constraints. The collateral constraints imply that firms’ promise ...
EXECUTIVE REMUNERATION AND FIRM PERFORMANCE
... problems associated with the dispersed ownership structure, this internal control mechanism is particularly important in mutual building societies. It is the Board’s role to scrutinise the highest decision makers in the organisation (Fama, 1980; John and Senbet, 1998). It is, therefore, an important ...
... problems associated with the dispersed ownership structure, this internal control mechanism is particularly important in mutual building societies. It is the Board’s role to scrutinise the highest decision makers in the organisation (Fama, 1980; John and Senbet, 1998). It is, therefore, an important ...