annual report
... In sector terms, health care was the prime detractor from relative • Facebook Inc. and Activision Blizzard Inc. also aided relative performance due to weakness amongst biotechnology and pharreturns. Facebook delivered a string of impressive earnings reports, maceutical names. An underweight to telec ...
... In sector terms, health care was the prime detractor from relative • Facebook Inc. and Activision Blizzard Inc. also aided relative performance due to weakness amongst biotechnology and pharreturns. Facebook delivered a string of impressive earnings reports, maceutical names. An underweight to telec ...
FM11 Ch 14 Instructors Manual
... intensity ratio increases, and (5) SEC begins paying its suppliers sooner. (Consider each item separately and hold all other things constant.) ...
... intensity ratio increases, and (5) SEC begins paying its suppliers sooner. (Consider each item separately and hold all other things constant.) ...
research on market efficiency - Securities Class Action Clearinghouse
... reflects all publicly available information. Prices of securities reflect, albeit to varying extents, all publicly available information; therefore, markets for securities are semistrong form efficient in varying degrees. Much research has also been done to determine the mechanisms by which the pric ...
... reflects all publicly available information. Prices of securities reflect, albeit to varying extents, all publicly available information; therefore, markets for securities are semistrong form efficient in varying degrees. Much research has also been done to determine the mechanisms by which the pric ...
Catastrophe Insurance, Capital Markets and
... against the accumulation of a reserve fund from which to pay losses. We discuss each in turn. a) Accounting Requirements As is well known, accounting practices in property/casualty insurance preclude an insurance corporation from setting up a reserve fund against a loss which has not yet occurred, e ...
... against the accumulation of a reserve fund from which to pay losses. We discuss each in turn. a) Accounting Requirements As is well known, accounting practices in property/casualty insurance preclude an insurance corporation from setting up a reserve fund against a loss which has not yet occurred, e ...
Will China Escape the Middle-income Trap? A Politico
... diverted to less productive state firms.12 This capital market misallocation in favor of state firms implies that the economy is entering the “state capitalism” stage. Second, the middle-class, consist largely of state sector workers and private entrepreneurs, are the beneficiaries and supporters o ...
... diverted to less productive state firms.12 This capital market misallocation in favor of state firms implies that the economy is entering the “state capitalism” stage. Second, the middle-class, consist largely of state sector workers and private entrepreneurs, are the beneficiaries and supporters o ...
THE CODE OF MARKET CONDUCT Index Section 1 Application 2
... The objective standard of behaviour expected by the regular user is likely to vary to some degree across markets according to the characteristics of the market in question and the investments concerned. For example, the disclosure standards currently expected in equities markets differ from those ex ...
... The objective standard of behaviour expected by the regular user is likely to vary to some degree across markets according to the characteristics of the market in question and the investments concerned. For example, the disclosure standards currently expected in equities markets differ from those ex ...
Expected Return
... large number of explanatory factors. If a theory of asset pricing is to have value, it must explain returns using a reasonably limited number of explanatory variables (i.e., systematic factors). 28. The APT factors must correlate with major sources of uncertainty, i.e., sources of uncertainty that a ...
... large number of explanatory factors. If a theory of asset pricing is to have value, it must explain returns using a reasonably limited number of explanatory variables (i.e., systematic factors). 28. The APT factors must correlate with major sources of uncertainty, i.e., sources of uncertainty that a ...
Liquidity Shocks and the Business Cycle: What next?
... to explain an important part of the business cycles. That paper corroborates our finding that without such an amplification mechanism, liquidity shocks on their own cannot have important implications on output. Our papers are complementary as theirs tries to explain the recent financial crises as ca ...
... to explain an important part of the business cycles. That paper corroborates our finding that without such an amplification mechanism, liquidity shocks on their own cannot have important implications on output. Our papers are complementary as theirs tries to explain the recent financial crises as ca ...
Volatility and Premiums in US Equity Returns
... the average annual premium for a period is the standard deviation of year-by-year premiums divided by the square root of the number of years in the period. Thus, if the period covered by the average premium is greater than a year, the standard deviation of the average is less than the standard devi ...
... the average annual premium for a period is the standard deviation of year-by-year premiums divided by the square root of the number of years in the period. Thus, if the period covered by the average premium is greater than a year, the standard deviation of the average is less than the standard devi ...
Glossary of Foreign Direct Investment Terms and
... similar documents. Shares and stocks have the same meaning while depositary receipts are securities that represent ownership of securities by a depositary. This category includes proprietors‟ net equity in quasicorporations, as well as shares and equity in corporations. It also includes preferred st ...
... similar documents. Shares and stocks have the same meaning while depositary receipts are securities that represent ownership of securities by a depositary. This category includes proprietors‟ net equity in quasicorporations, as well as shares and equity in corporations. It also includes preferred st ...
Why doesn’t Capital Flow from Rich to Poor Countries? An
... capital flows tend not to hold. In a model with moral hazard, for example, where lenders cannot monitor borrowers’ investment, poor countries’ per capita investment depends positively on per capita wealth. Alternatively, if foreign investors are handicapped in terms of domestic market information, t ...
... capital flows tend not to hold. In a model with moral hazard, for example, where lenders cannot monitor borrowers’ investment, poor countries’ per capita investment depends positively on per capita wealth. Alternatively, if foreign investors are handicapped in terms of domestic market information, t ...
Thesis final structure.docx - Lund University Publications
... (Ross, 2014). A comment by a head at JP Morgan in Germany provide some insight stating that investors may be buying these instruments just for the high yield and not fully understanding the underlying risk (Ross & Thomson, 2014). Since the market is relatively young the theoretical framework and tem ...
... (Ross, 2014). A comment by a head at JP Morgan in Germany provide some insight stating that investors may be buying these instruments just for the high yield and not fully understanding the underlying risk (Ross & Thomson, 2014). Since the market is relatively young the theoretical framework and tem ...
Notice on Recording Write-down of Shares Held by Toshiba in an
... JSW to date remains in a severe condition, the value of the increased shares fell below the investment value, and it has been determined that the business is unlikely to recover in the immediate future. Accordingly, Toshiba has decided to record a write-down in its non-consolidated financial results ...
... JSW to date remains in a severe condition, the value of the increased shares fell below the investment value, and it has been determined that the business is unlikely to recover in the immediate future. Accordingly, Toshiba has decided to record a write-down in its non-consolidated financial results ...
wiiw FDI Database – detailed description (June 2015)
... The concepts of direct investor and direct investment enterprise remain broadly unchanged compared with BPM5. Under ‘Direct investor in direct investment enterprises’, the reporting economy of the direct investor records the assets of the direct investor. The reporting economy of the direct investme ...
... The concepts of direct investor and direct investment enterprise remain broadly unchanged compared with BPM5. Under ‘Direct investor in direct investment enterprises’, the reporting economy of the direct investor records the assets of the direct investor. The reporting economy of the direct investme ...
NBER WORKING PAPER SERIES CURRENT ACCOUNT BALANCES, FINANCIAL DEVELOPMENT AND INSTITUTIONS:
... longer-run saving-investment balances. This paper updates and extends their work by incorporating a potentially important factor identified by Bernanke (2005), namely the effect of legal and institutional development.2 Whether one takes the twin deficits or global savings glut argument, the effect o ...
... longer-run saving-investment balances. This paper updates and extends their work by incorporating a potentially important factor identified by Bernanke (2005), namely the effect of legal and institutional development.2 Whether one takes the twin deficits or global savings glut argument, the effect o ...
Systemic Risk: A New Trade-off for Monetary Policy?
... Taken together these frictions and their interaction with the real economy generate systemic risks: a fall in asset prices that induces a sufficiently large decline in the return on financial intermediaries’ equity renders them unable to raise equity. As a result, their portfolio becomes riskier, pr ...
... Taken together these frictions and their interaction with the real economy generate systemic risks: a fall in asset prices that induces a sufficiently large decline in the return on financial intermediaries’ equity renders them unable to raise equity. As a result, their portfolio becomes riskier, pr ...
Document
... (B) If over-the-counter derivative instruments are entered into under a written master agreement which provides for netting of payments owed by the respective parties, and the domiciliary jurisdiction of the counterparty is either within the United States or, if not within the United States, within ...
... (B) If over-the-counter derivative instruments are entered into under a written master agreement which provides for netting of payments owed by the respective parties, and the domiciliary jurisdiction of the counterparty is either within the United States or, if not within the United States, within ...
del06 chinn 2778776 en
... Because the economic environmental factors may affect the way in which financial development might affect saving and investment we include interaction involving these variables. Interactions between the financial development and legal variables (PCGDP times LEGAL), interactions between the financial ...
... Because the economic environmental factors may affect the way in which financial development might affect saving and investment we include interaction involving these variables. Interactions between the financial development and legal variables (PCGDP times LEGAL), interactions between the financial ...
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.