Lally - The dividend growth model
... that the resulting MRP estimate approximates that provided by them, is valid in principle but CEG do not supply any analysis in support of this argument. In view of these concerns about CEG’s methodology, I therefore provide MRP estimates using the DGM approach. Leaving aside the first four concerns ...
... that the resulting MRP estimate approximates that provided by them, is valid in principle but CEG do not supply any analysis in support of this argument. In view of these concerns about CEG’s methodology, I therefore provide MRP estimates using the DGM approach. Leaving aside the first four concerns ...
large cap growth review - North Carolina State Treasurer
... DSM employs several proprietary valuation methods that help to support the price and timing of purchase and sell decisions and the size of the position. One such method involves a historical evaluation of investor sentiment regarding each company's shares to determine typical P/E ratios when the com ...
... DSM employs several proprietary valuation methods that help to support the price and timing of purchase and sell decisions and the size of the position. One such method involves a historical evaluation of investor sentiment regarding each company's shares to determine typical P/E ratios when the com ...
Statement of investment principles
... take an active role in the investment decisions relating to their pension account, the Trustee offers a default NEST Retirement Date Fund to help them manage all of the above risks. The Trustee pays close regard to the risks that may arise from the lack of diversification of investments. The Trustee ...
... take an active role in the investment decisions relating to their pension account, the Trustee offers a default NEST Retirement Date Fund to help them manage all of the above risks. The Trustee pays close regard to the risks that may arise from the lack of diversification of investments. The Trustee ...
Diasporas: Exploring their Development Potential
... based in other countries. In some cases, these investments in the origin country regardless of current country-of- are made by “diaspora foreign direct investors,” or diasporesidence) substantially exceeds its gross domestic product rans who already own and operate a business based out(GDP) per cap ...
... based in other countries. In some cases, these investments in the origin country regardless of current country-of- are made by “diaspora foreign direct investors,” or diasporesidence) substantially exceeds its gross domestic product rans who already own and operate a business based out(GDP) per cap ...
The Relationship between the Equity Risk Premium
... tend to twist and turn these simple, yet classic, concepts as they attempt to apply them to short-run situations. In the process, these efforts have led to much confusion, causing many to lose touch with the original messages behind these models. As most academic-minded practitioners would attest, t ...
... tend to twist and turn these simple, yet classic, concepts as they attempt to apply them to short-run situations. In the process, these efforts have led to much confusion, causing many to lose touch with the original messages behind these models. As most academic-minded practitioners would attest, t ...
Guidance Note
... 22. The measurement system should include all interest rate derivatives and off-balance sheet instruments in the trading book which react to changes in interest rates (eg forward rate agreements (FRAs), other forward contracts, bond futures, interest rate and cross-currency swaps and forward foreign ...
... 22. The measurement system should include all interest rate derivatives and off-balance sheet instruments in the trading book which react to changes in interest rates (eg forward rate agreements (FRAs), other forward contracts, bond futures, interest rate and cross-currency swaps and forward foreign ...
performance analysis for the two-minute portfolio in both canadian
... commissions and other management expenses into account before making investment decisions. 2. Sector Allocation and Equal-Weight Strategy Fama (1965) suggests that there is an efficient market for securities, and the market portfolio cannot be consistently outperformed. The empirical test is conduct ...
... commissions and other management expenses into account before making investment decisions. 2. Sector Allocation and Equal-Weight Strategy Fama (1965) suggests that there is an efficient market for securities, and the market portfolio cannot be consistently outperformed. The empirical test is conduct ...
bank balance sheet optimization
... assets like credit card receivables) into structured asset-backed securities (ABS) and sold them to various other financial investors, thereby off-loading the risk (securitization). However, most of the credit risk never left the banking system, since banks, including sophisticated investment banks, ...
... assets like credit card receivables) into structured asset-backed securities (ABS) and sold them to various other financial investors, thereby off-loading the risk (securitization). However, most of the credit risk never left the banking system, since banks, including sophisticated investment banks, ...
The Demand for Liquid Assets, Corporate Saving
... the fastest-growing countries export capital instead of attracting it, as pointed out by Lucas (1990), and more recently by Gourinchas and Jeanne (2009). Sandri (2010) also documents that episodes of growth acceleration are accompanied by net capital out ows. Third, saving is positively correlated w ...
... the fastest-growing countries export capital instead of attracting it, as pointed out by Lucas (1990), and more recently by Gourinchas and Jeanne (2009). Sandri (2010) also documents that episodes of growth acceleration are accompanied by net capital out ows. Third, saving is positively correlated w ...
Africa`s Exodus: Capital Flight and the Brain
... these decisions is easy to implement. Moving wealth abroad is usually circumscribed by controls imposed by the country of origin. Further, most private wealth is in physical assets that cannot be shifted abroad. Moving people abroad is usually circumscribed by controls imposed by the country of dest ...
... these decisions is easy to implement. Moving wealth abroad is usually circumscribed by controls imposed by the country of origin. Further, most private wealth is in physical assets that cannot be shifted abroad. Moving people abroad is usually circumscribed by controls imposed by the country of dest ...
Market concentration in the Nordic wholesale electricity market
... Table 2.1 Market shares of the largest Nordic electricity producers in 2007 ............................... 11 Table 2.2 Market shares of the largest Swedish electricity producers in 2007 ............................ 12 Table 4.1 Comparison of HHI and the Dominance Measure .......................... ...
... Table 2.1 Market shares of the largest Nordic electricity producers in 2007 ............................... 11 Table 2.2 Market shares of the largest Swedish electricity producers in 2007 ............................ 12 Table 4.1 Comparison of HHI and the Dominance Measure .......................... ...
CEE Investment Report 2016
... The CEE Investment Report 2016 Mission to Outperform is a short analysis of the region’s potential as an investment location, broken down by chosen countries – Poland, the Czech Republic, Romania, Hungary and Slovakia. Skanska, JLL and Dentons in partnership with the Association of Business Service ...
... The CEE Investment Report 2016 Mission to Outperform is a short analysis of the region’s potential as an investment location, broken down by chosen countries – Poland, the Czech Republic, Romania, Hungary and Slovakia. Skanska, JLL and Dentons in partnership with the Association of Business Service ...
SAI - Cortina Asset Management
... issuer during a specified period and at a specified price in the future. A convertible security entitles the holder to receive interest on debt or the dividend on preferred stock until the convertible security matures or is redeemed, converted or exchanged. Convertible securities rank senior to comm ...
... issuer during a specified period and at a specified price in the future. A convertible security entitles the holder to receive interest on debt or the dividend on preferred stock until the convertible security matures or is redeemed, converted or exchanged. Convertible securities rank senior to comm ...
Trends in Institutional Investor Use of Fixed Income ETFs
... Illiquidity in Fixed Income Markets Increased regulatory pressure on financial institutions and a flooded bond market combined for depleted dealer inventories, high costs, and volatility. ...
... Illiquidity in Fixed Income Markets Increased regulatory pressure on financial institutions and a flooded bond market combined for depleted dealer inventories, high costs, and volatility. ...
CREDIT FUNDS INSIGHT 01 May 2016 Issue 6, May 2016
... the additional flexibility needed to allow this. However, the Technical Standards have allowed some flexibility around sponsors holding the retention. Where there is more than one sponsor of the transaction, the retention can be held either by the sponsor whose economic interest is most appropriatel ...
... the additional flexibility needed to allow this. However, the Technical Standards have allowed some flexibility around sponsors holding the retention. Where there is more than one sponsor of the transaction, the retention can be held either by the sponsor whose economic interest is most appropriatel ...
New approaches to expanding the supply of affordable housing in
... equity sources. Owner occupation as the dominant tenure form has developed through the commitment of personal savings to fund the purchase deposit and debt finance supplied by banks, building societies, credit unions, the legal profession and a host of small agents. Since the mid-1990s a rapidly gro ...
... equity sources. Owner occupation as the dominant tenure form has developed through the commitment of personal savings to fund the purchase deposit and debt finance supplied by banks, building societies, credit unions, the legal profession and a host of small agents. Since the mid-1990s a rapidly gro ...
working capital cycle and performance of listed information
... return on assets. Age also had a positive relationship with profitability while accounts receivable had a negative significant relationship with return on assets as to increase firms’ profits. Duru and Okpe (2015), examines the effect of cash conversion cycle on the performance of 3Health Care Compa ...
... return on assets. Age also had a positive relationship with profitability while accounts receivable had a negative significant relationship with return on assets as to increase firms’ profits. Duru and Okpe (2015), examines the effect of cash conversion cycle on the performance of 3Health Care Compa ...
Presence and Sources of Momentum and Contrarian Profits
... who use invest based on past information. Informed investors react to new information first. Then technical analysts react to the same information, resulting in stock prices to move farther in the same direction. Thus, if there is any good news about a firm, the stock price may go up in two phases – ...
... who use invest based on past information. Informed investors react to new information first. Then technical analysts react to the same information, resulting in stock prices to move farther in the same direction. Thus, if there is any good news about a firm, the stock price may go up in two phases – ...
- Covenant University Repository
... translate into an uncertainty with the output figure, the valuation; and the degree of the uncertainties varies according to the level of market activity with the notion that the more active a market, the more credence would be given to the input information. According to Ayedun (2009), inaccuracy ...
... translate into an uncertainty with the output figure, the valuation; and the degree of the uncertainties varies according to the level of market activity with the notion that the more active a market, the more credence would be given to the input information. According to Ayedun (2009), inaccuracy ...
The Going-Public Decision and the Development of
... Our analysis of the private versus public financing choice has implications about which firms engage in initial public offerings (IPOs), leveraged buyouts (LBOs), and corporate spinoffs. Additionally, our model provides potential explanations for why IPOs tend to cluster in industry groups, and why ...
... Our analysis of the private versus public financing choice has implications about which firms engage in initial public offerings (IPOs), leveraged buyouts (LBOs), and corporate spinoffs. Additionally, our model provides potential explanations for why IPOs tend to cluster in industry groups, and why ...
Private equity secondary market
In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds. By its nature, the private equity asset class is illiquid, intended to be a long-term investment for buy-and-hold investors, including ""pension funds, endowments and wealthy families selling off their private equity funds before the pools have sold off all their assets."" For the vast majority of private equity investments, there is no listed public market; however, there is a robust and maturing secondary market available for sellers of private equity assets.Buyers seek to acquire private equity interests in the secondary market for multiple reasons. For example, the duration of the investment may be much shorter than an investment in the private equity fund initially. Likewise, the buyer may be able to acquire these interests at an attractive price. Finally, the buyer can evaluate the fund's holdings before deciding to purchase an interest in the fund. Conversely, sellers may seek to sell interest for various reasons, including the need to raise capital, the desire to avoid future capital calls, the need to reduce an over-allocation to the asset class or for regulatory reasons.Driven by strong demand for private equity exposure over the past decade, a significant amount of capital has been committed to secondary market funds from investors looking to increase and diversify their private equity exposure.