united states securities and exchange commission - corporate
... credit facility. In connection therewith, PL has pledged to continue to deliver as security such number of ADSs whose value shall equal at least 40% of the value of the loan amount outstanding at any time in accordance with a security and pledge agreement (the “ PL Security and Pledge Agreement ”) b ...
... credit facility. In connection therewith, PL has pledged to continue to deliver as security such number of ADSs whose value shall equal at least 40% of the value of the loan amount outstanding at any time in accordance with a security and pledge agreement (the “ PL Security and Pledge Agreement ”) b ...
In Short Supply: Short‐Sellers and Stock Returns
... of these strategies are constrained, the negative short side returns are concentrated in only special stocks; general collateral stocks do not underperform. Consistent with prior studies, returns to the short side are stronger for months following high investor sentiment periods (e.g., Baker and ...
... of these strategies are constrained, the negative short side returns are concentrated in only special stocks; general collateral stocks do not underperform. Consistent with prior studies, returns to the short side are stronger for months following high investor sentiment periods (e.g., Baker and ...
1 NASDAQ US Dividend Achievers™ 50 Index Methodology
... February. The top 50 securities are included in the Index, as long as no sector has no more than 12 securities. In the event there are more than 12 eligible securities in a single sector, the top 12 securities by dividend yield are included. Security additions and deletions are made effective after ...
... February. The top 50 securities are included in the Index, as long as no sector has no more than 12 securities. In the event there are more than 12 eligible securities in a single sector, the top 12 securities by dividend yield are included. Security additions and deletions are made effective after ...
relevant aspects of management of banks investment activities on
... WSPÓŁPRACA EUROPEJSKA NR 1(1) 2015 / EUROPEAN COOPERATION Vol. 1(1) 2015 ...
... WSPÓŁPRACA EUROPEJSKA NR 1(1) 2015 / EUROPEAN COOPERATION Vol. 1(1) 2015 ...
the impact of the systematic risk and the financial leverage on the
... financial officers to consider the potentiality of the profiting unit in comparison to such costs as more important than past by using the financial leverage and calculating the leverage degree. Problem Statement - The return on investment bonus includes the current income and any increase or decrea ...
... financial officers to consider the potentiality of the profiting unit in comparison to such costs as more important than past by using the financial leverage and calculating the leverage degree. Problem Statement - The return on investment bonus includes the current income and any increase or decrea ...
980-eng-Azioni_PGB_ing
... Estate S.p.A. board in May 2002 at the time of the IPO process, equal to n. 855,000 options of which n. 427,500 already exercisable, has also agreed with Banca Caboto S.p.A. not to sell (in case of options exercise) Pirelli & C. Real Estate shares for a period of 180 days. After the two transactions ...
... Estate S.p.A. board in May 2002 at the time of the IPO process, equal to n. 855,000 options of which n. 427,500 already exercisable, has also agreed with Banca Caboto S.p.A. not to sell (in case of options exercise) Pirelli & C. Real Estate shares for a period of 180 days. After the two transactions ...
Impact of the U.S subprime crises on MENA stock markets: new
... contagion effects of a shock of another country. Thus, many researchers have been devoted to examine how the financial crisis in one country will be spilled over to other countries. This phenomenon known under the name of “contagion” is defined by Forbes and Rigobon (2002) as a significant increase ...
... contagion effects of a shock of another country. Thus, many researchers have been devoted to examine how the financial crisis in one country will be spilled over to other countries. This phenomenon known under the name of “contagion” is defined by Forbes and Rigobon (2002) as a significant increase ...
Liquidity risk and positive feedback
... natural logarithm of liquidity sensitivity respectively. This scaling was chosen because when gamma becomes negative enough, the market's excess demand curve becomes nearly vertical leading to near price indeterminancy and major price volatility which is too large to appear in a graph on a different ...
... natural logarithm of liquidity sensitivity respectively. This scaling was chosen because when gamma becomes negative enough, the market's excess demand curve becomes nearly vertical leading to near price indeterminancy and major price volatility which is too large to appear in a graph on a different ...
Deluxe Corporation Employee Stock Purchase Plan Summary and
... benefit plan payments, severance payments, and all other forms of extra compensation. Do I receive interest on the amounts in my Stock Purchase Account? No, you do not receive interest on these funds. Could I lose the money in my Stock Purchase Account? The funds retained by the Company through payr ...
... benefit plan payments, severance payments, and all other forms of extra compensation. Do I receive interest on the amounts in my Stock Purchase Account? No, you do not receive interest on these funds. Could I lose the money in my Stock Purchase Account? The funds retained by the Company through payr ...
2050 Retirement Strategy Fund
... *Actual allocations will change over time. Column may not sum due to rounding. ...
... *Actual allocations will change over time. Column may not sum due to rounding. ...
The Government Securities Market in Trinidad and Tobago
... notes were introduced to fill the maturity gap between treasury bills and bonds. Treasury notes are currently sold at issue only to primary dealers for the conduct of monetary policy. In 1962, the Government Savings Bonds Act was passed. The Act provided for the issue of savings bonds to promote the ...
... notes were introduced to fill the maturity gap between treasury bills and bonds. Treasury notes are currently sold at issue only to primary dealers for the conduct of monetary policy. In 1962, the Government Savings Bonds Act was passed. The Act provided for the issue of savings bonds to promote the ...
time-varying effects of housing and stock prices
... skewed distribution of stock ownership generates a smaller equity wealth effect for most households (Poterba, 2000). Furthermore, during economic expansions with consumer confidence rising, Aoki et al. (2004) argue that homeowners probably borrow to finance consumption and housing investment, since ...
... skewed distribution of stock ownership generates a smaller equity wealth effect for most households (Poterba, 2000). Furthermore, during economic expansions with consumer confidence rising, Aoki et al. (2004) argue that homeowners probably borrow to finance consumption and housing investment, since ...
Long Run Stock Returns: Evidence from Belgium 1838-2008
... as a whole in a consistent way over the 19th and 20th centuries. For all stocks we have complete information on end-of-the-month stock prices, dividends, ex-dividend day, number of stocks, (reverse) stock splits, bonus stocks, subscription rights and attribution rights. We can therefore calculate co ...
... as a whole in a consistent way over the 19th and 20th centuries. For all stocks we have complete information on end-of-the-month stock prices, dividends, ex-dividend day, number of stocks, (reverse) stock splits, bonus stocks, subscription rights and attribution rights. We can therefore calculate co ...
capital structure and dividend policy
... of shares of common stock that are outstanding); and, in combination, when DTL = 4.20, a 10 percent decrease (increase) in sales will cause a 42 percent decrease (increase) in EPS. The concept of leverage can be used to determine the impact that a change in capital structure will have on the riskine ...
... of shares of common stock that are outstanding); and, in combination, when DTL = 4.20, a 10 percent decrease (increase) in sales will cause a 42 percent decrease (increase) in EPS. The concept of leverage can be used to determine the impact that a change in capital structure will have on the riskine ...
Liquidity article - Zebra Capital Management
... for which the investors should be compensated, resulting in lower valuation for a lowvolume stock. However, in another study, Lee and Swaminathan (1998) show that the liquidity hypothesis is not totally consistent with their evidence. They study the joint interaction between past stock price momentu ...
... for which the investors should be compensated, resulting in lower valuation for a lowvolume stock. However, in another study, Lee and Swaminathan (1998) show that the liquidity hypothesis is not totally consistent with their evidence. They study the joint interaction between past stock price momentu ...
Earnings Fluctuation on Share Price Volatility
... earnings are the most important factor that determines the real value of the company. If earnings are fluctuating that share price is changing because of that, investors use company information to determine their investment decision. Share is an equity security which has primary and secondary market ...
... earnings are the most important factor that determines the real value of the company. If earnings are fluctuating that share price is changing because of that, investors use company information to determine their investment decision. Share is an equity security which has primary and secondary market ...
INTER PIPELINE LTD. $3,000,000,000 Common Shares Preferred
... holders thereof will become entitled to receive Common Shares or such other securities, and any other terms specific to the Subscription Receipts being offered. Where required by statute, regulation or policy, and where Securities are offered in currencies other than Canadian dollars, appropriate di ...
... holders thereof will become entitled to receive Common Shares or such other securities, and any other terms specific to the Subscription Receipts being offered. Where required by statute, regulation or policy, and where Securities are offered in currencies other than Canadian dollars, appropriate di ...
Short (finance)
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In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them (""covering""). In the event of an interim price decline, the short seller will profit, since the cost of (re)purchase will be less than the proceeds which were received upon the initial (short) sale. Conversely, the short position will be closed out at a loss in the event that the price of a shorted instrument should rise prior to repurchase. The potential loss on a short sale is theoretically unlimited in the event of an unlimited rise in the price of the instrument, however in practice the short seller will be required to post margin or collateral to cover losses, and any inability to do so on a timely basis would cause its broker or counterparty to liquidate the position. In the securities markets, the seller generally must borrow the securities in order to effect delivery in the short sale. In some cases, the short seller must pay a fee to borrow the securities and must additionally reimburse the lender for cash returns the lender would have received had the securities not been loaned out.Short selling is most commonly done with instruments traded in public securities, futures or currency markets, due to the liquidity and real-time price dissemination characteristic of such markets and because the instruments defined within each class are fungible.In practical terms, going short can be considered the opposite of the conventional practice of ""going long"", whereby an investor profits from an increase in the price of the asset. Mathematically, the return from a short position is equivalent to that of owning (being ""long"") a negative amount of the instrument. A short sale may be motivated by a variety of objectives. Speculators may sell short in the hope of realizing a profit on an instrument which appears to be overvalued, just as long investors or speculators hope to profit from a rise in the price of an instrument which appears undervalued. Traders or fund managers may hedge a long position or a portfolio through one or more short positions.