dollar cost averaging - the role of cognitive error
... investing immediately in one lump sum, and thus being fully exposed to the returns in each subperiod. Milevsky and Posner (2003) extend the analysis into continuous time, and show that it is always possible to construct a constant proportions continuously rebalanced portfolio which will stochastical ...
... investing immediately in one lump sum, and thus being fully exposed to the returns in each subperiod. Milevsky and Posner (2003) extend the analysis into continuous time, and show that it is always possible to construct a constant proportions continuously rebalanced portfolio which will stochastical ...
FORM 10-K - 10K Wizard
... The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information, except to the extent such damages or losses cannot be limited or excluded ...
... The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information, except to the extent such damages or losses cannot be limited or excluded ...
Geographic dispersion and stock returns
... implications for unconditional stock returns than the model of Merton (1987). In particular, models that generate excess information acquisition will typically generate more informative prices, which lowers the equilibrium ex ante equity premium. Thus, our main empirical finding supports the mechanis ...
... implications for unconditional stock returns than the model of Merton (1987). In particular, models that generate excess information acquisition will typically generate more informative prices, which lowers the equilibrium ex ante equity premium. Thus, our main empirical finding supports the mechanis ...
L-UN
... development, in addition to a simultaneous expansion of market share in these countries, will remain a major growth driver for Unilever. Unilever has a good eye for strategic deal-making, including both acquisitions and divestitures, as the Group tactically allocates capital in order to meet its lo ...
... development, in addition to a simultaneous expansion of market share in these countries, will remain a major growth driver for Unilever. Unilever has a good eye for strategic deal-making, including both acquisitions and divestitures, as the Group tactically allocates capital in order to meet its lo ...
Stock market liquidity and firm value
... to disguise private information and profit from it. The higher information flow that results from higher liquidity increases the signal-to-noise ratio in stock prices which increases the gain from using stock-based compensation. We do not find support for other agency-based operating performance theori ...
... to disguise private information and profit from it. The higher information flow that results from higher liquidity increases the signal-to-noise ratio in stock prices which increases the gain from using stock-based compensation. We do not find support for other agency-based operating performance theori ...
Preferred Shares - Investing For Me
... modest rebound did not make up for the price depreciation experienced since the start of the year. There were a number of factors which affected the performance of the preferred share market including: (1) low interest rate environment (2) widening of credit spreads (3) new issuance (4) ETF buying a ...
... modest rebound did not make up for the price depreciation experienced since the start of the year. There were a number of factors which affected the performance of the preferred share market including: (1) low interest rate environment (2) widening of credit spreads (3) new issuance (4) ETF buying a ...
FORM 10-K - corporate
... The ED may place a school on provisional certification status under certain circumstances, including, but not limited to, failure to satisfy certain standards of financial responsibility or administrative capability, or upon a change in ownership resulting in a change of control. Provisional certifi ...
... The ED may place a school on provisional certification status under certain circumstances, including, but not limited to, failure to satisfy certain standards of financial responsibility or administrative capability, or upon a change in ownership resulting in a change of control. Provisional certifi ...
the effect of bargaining power on contract design
... a starting point for this analysis by offering two irrelevance propositions: (1) bargaining power affects the price but not the nonprice terms of a of bargaining contract (the strong-form version); and (2) the allocation may lead to different nonprice terms but does not change the like that the part ...
... a starting point for this analysis by offering two irrelevance propositions: (1) bargaining power affects the price but not the nonprice terms of a of bargaining contract (the strong-form version); and (2) the allocation may lead to different nonprice terms but does not change the like that the part ...
An Economic Analysis of the Duty to Disclose Information: Lessons
... sale of realty; that its use has been erroneous for centuries. Hence if the theories are accurate, some disclosure is or should be required with respect to the sale of realty. Conversely, if the economic theory mandates disclosure of certain information even with respect to sale of realty, perhaps t ...
... sale of realty; that its use has been erroneous for centuries. Hence if the theories are accurate, some disclosure is or should be required with respect to the sale of realty. Conversely, if the economic theory mandates disclosure of certain information even with respect to sale of realty, perhaps t ...
Deactivating Active Share
... In general, if the universe of mutual fund managers holds the market portfolio, we know that the market clears: before fees, every dollar of outperformance must be offset by a dollar of underperformance. Low Active Share investors who simply track the market (“Closet Indexers”) should match market r ...
... In general, if the universe of mutual fund managers holds the market portfolio, we know that the market clears: before fees, every dollar of outperformance must be offset by a dollar of underperformance. Low Active Share investors who simply track the market (“Closet Indexers”) should match market r ...
Kona Grill, Inc. - corporate
... Kona Grill restaurants offer innovative freshly prepared food, personalized service, and a contemporary ambiance that create a satisfying yet affordable dining experience that we believe is superior to many traditional casual dining restaurants. Our high-volume upscale casual restaurants feature a d ...
... Kona Grill restaurants offer innovative freshly prepared food, personalized service, and a contemporary ambiance that create a satisfying yet affordable dining experience that we believe is superior to many traditional casual dining restaurants. Our high-volume upscale casual restaurants feature a d ...
YAHOO INC - Barchart.com
... and services (“Yahoo! Properties”), or through a distribution network of third-party entities (“Affiliates”) who integrate the Company’s advertising offerings into their Websites or other offerings (those Websites and other offerings, “Affiliate sites”). Basis of Presentation. The condensed consolid ...
... and services (“Yahoo! Properties”), or through a distribution network of third-party entities (“Affiliates”) who integrate the Company’s advertising offerings into their Websites or other offerings (those Websites and other offerings, “Affiliate sites”). Basis of Presentation. The condensed consolid ...
1 AS FILED WITH THE SECURITIES AND EXCHANGE
... waste industry, the Company has been able to grow significantly through acquisitions. Since 1995, the Company has acquired over 100 solid waste companies with an aggregate of over $1.0 billion in annual revenue. The Company's acquisition growth strategy is to (i) acquire companies positioned for gro ...
... waste industry, the Company has been able to grow significantly through acquisitions. Since 1995, the Company has acquired over 100 solid waste companies with an aggregate of over $1.0 billion in annual revenue. The Company's acquisition growth strategy is to (i) acquire companies positioned for gro ...
SIFMA Submits Comments to FINRA on FINRA`s Markup Proposal
... of capital risk during which market conditions may change. Dealers often acquire securities in anticipation of potential customer interest on an at-risk basis. Customer transactions involving those securities may be executed shortly after a dealer acquires a position, in the same face amount, in a m ...
... of capital risk during which market conditions may change. Dealers often acquire securities in anticipation of potential customer interest on an at-risk basis. Customer transactions involving those securities may be executed shortly after a dealer acquires a position, in the same face amount, in a m ...
Index Methodology Template w_Cover
... The primary accounting standard followed by MSCI is the local GAAP. If the company does not report in local GAAP but reports in other GAAPs, such as IAS or US GAAP, then MSCI will follow the latter. For a large number of European countries and some other countries in the Asia-Pacific, MSCI started f ...
... The primary accounting standard followed by MSCI is the local GAAP. If the company does not report in local GAAP but reports in other GAAPs, such as IAS or US GAAP, then MSCI will follow the latter. For a large number of European countries and some other countries in the Asia-Pacific, MSCI started f ...
No-Load International Stock Investing: Direct Purchase of ADRs
... is a security representing the ownership interest in a foreign company’s common stock and is traded on a U.S. exchange. It provides a convenient way for U.S. investors to invest in foreign companies. The Bank of New York and Morgan Guaranty Trust, two issuers of ADRs, have set up programs that allow ...
... is a security representing the ownership interest in a foreign company’s common stock and is traded on a U.S. exchange. It provides a convenient way for U.S. investors to invest in foreign companies. The Bank of New York and Morgan Guaranty Trust, two issuers of ADRs, have set up programs that allow ...
Annual Meeting of Stockholders - CVS Health Annual Meeting of
... costs. When you consider the breadth of our assets, all of which are focused on making health care more accessible, affordable and effective, our competitive advantage is clear. We continue to remain focused on our three pillars that maximize stockholder value. First, we drive productive, longterm g ...
... costs. When you consider the breadth of our assets, all of which are focused on making health care more accessible, affordable and effective, our competitive advantage is clear. We continue to remain focused on our three pillars that maximize stockholder value. First, we drive productive, longterm g ...
prospectus of bangladesh steel re
... Exchanges with the list of valid and invalid applicants (i.e. final status of subscription) in electronic form in 2 (Two) CDs and final status of subscription to the Commission within 3 (Three) weeks after the closure of the subscription along with bank statement (original), branch-wise subscription ...
... Exchanges with the list of valid and invalid applicants (i.e. final status of subscription) in electronic form in 2 (Two) CDs and final status of subscription to the Commission within 3 (Three) weeks after the closure of the subscription along with bank statement (original), branch-wise subscription ...
Short (finance)
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.