Open full article - Acta Universitatis
... because of rapidly changing macroeconomic and microeconomic conditions. But in most cases, there is possible to quantify the uncertainty, because there are available future trends with their probabilities of occurrences. And this situation is called as decision making under risk. The term risk is de ...
... because of rapidly changing macroeconomic and microeconomic conditions. But in most cases, there is possible to quantify the uncertainty, because there are available future trends with their probabilities of occurrences. And this situation is called as decision making under risk. The term risk is de ...
Working Capital Management versus Dr. Mohammed Abdul Raffey
... Working capital management is a very important component of corporate finance since it affects the profitability and liquidity of a company. It deals with current assets and current liabilities. Working capital management is recognized as an important concern of the financial manager due to many rea ...
... Working capital management is a very important component of corporate finance since it affects the profitability and liquidity of a company. It deals with current assets and current liabilities. Working capital management is recognized as an important concern of the financial manager due to many rea ...
Korean Real Estate Market Mechanisms and Deregulation of
... As demonstrated in Fig.2, mortgages originate from initial lenders such as thrifts of mortgage bankers in the primary mortgage market, while some thrifts and all mortgage bankers sell these loans in the secondary market. Agencies and firms that purchase mortgages in the secondary market most often r ...
... As demonstrated in Fig.2, mortgages originate from initial lenders such as thrifts of mortgage bankers in the primary mortgage market, while some thrifts and all mortgage bankers sell these loans in the secondary market. Agencies and firms that purchase mortgages in the secondary market most often r ...
Guidance Note 1/05 - Central Bank of Ireland
... diversified portfolio of investment grade medium term fixed-income securities issued by large US companies and listed or traded on US regulated markets. ...
... diversified portfolio of investment grade medium term fixed-income securities issued by large US companies and listed or traded on US regulated markets. ...
Option Pricing Theory and Applications
... could use their traded market capitalizations to estimate the values of the cross holdings. You do risk carrying into your valuation any mistakes that the market may be making in valuation. The relative value solution: When there are too many cross holdings to value separately or when there is insuf ...
... could use their traded market capitalizations to estimate the values of the cross holdings. You do risk carrying into your valuation any mistakes that the market may be making in valuation. The relative value solution: When there are too many cross holdings to value separately or when there is insuf ...
the evaluation of active manager returns in a non
... This paper examines the moments of the active return distributions of investment managers. While Modern Portfolio Theory (MPT) assumes asset return distributions are Gaussian Normal, the empirical evidence overwhelmingly documents asset returns to be leptokurtic and fat-tailed. In addition, the eval ...
... This paper examines the moments of the active return distributions of investment managers. While Modern Portfolio Theory (MPT) assumes asset return distributions are Gaussian Normal, the empirical evidence overwhelmingly documents asset returns to be leptokurtic and fat-tailed. In addition, the eval ...
Stock characteristics and market myopia
... which, like our test countries, the UK and Spain4, have developed financial markets. ...
... which, like our test countries, the UK and Spain4, have developed financial markets. ...
Study Unit 2 - CMAPrepCourse
... demand for inventory or, in this case, the amount of cash needed. Thus, the cash flow requirements cannot be random. The model also assumes a given carrying (interest) cost and a flat transaction cost for converting marketable securities to cash, regardless of the amount withdrawn. Incorrect Answers ...
... demand for inventory or, in this case, the amount of cash needed. Thus, the cash flow requirements cannot be random. The model also assumes a given carrying (interest) cost and a flat transaction cost for converting marketable securities to cash, regardless of the amount withdrawn. Incorrect Answers ...
Market Integrity and Regulatory Systemic Risk
... the examination to corporate governance and public corporate ownership patterns. In this context, it has been noted that there is a causal link between corporate governance and systemic risk. While recent event in the global financial markets may not have been triggered by bad corporate governance p ...
... the examination to corporate governance and public corporate ownership patterns. In this context, it has been noted that there is a causal link between corporate governance and systemic risk. While recent event in the global financial markets may not have been triggered by bad corporate governance p ...
Fund Summary Sheet TMLS Singapore Cash Fund
... Source: Legg Mason Asset Management Singapore Pte. Limited. Information on the Underlying Fund Manager* The Underlying Fund Manager is Legg Mason Asset Management Singapore Pte. Limited which is a wholly-owned subsidiary of Legg Mason, Inc. (“Legg Mason”), a US financial services holding company tha ...
... Source: Legg Mason Asset Management Singapore Pte. Limited. Information on the Underlying Fund Manager* The Underlying Fund Manager is Legg Mason Asset Management Singapore Pte. Limited which is a wholly-owned subsidiary of Legg Mason, Inc. (“Legg Mason”), a US financial services holding company tha ...
Australia`s Authorised Depository Institutions The Capital–Assets Ratio
... • Book value: asset and liability values based on historical cost • Economists prefer the market value definition, while most regulators prefer the book value definition. • The book value method can be misleading. ...
... • Book value: asset and liability values based on historical cost • Economists prefer the market value definition, while most regulators prefer the book value definition. • The book value method can be misleading. ...
Research on the Dilemma of Speculation in Chinese Stock Market
... in the Chinese stock market, also scholars in the past when we use game theory to analyze stock market participant interaction, usually in divided into government, transaction, the dealer, village, retail and other, in specific game process in each other to start the game. This paper argues that thi ...
... in the Chinese stock market, also scholars in the past when we use game theory to analyze stock market participant interaction, usually in divided into government, transaction, the dealer, village, retail and other, in specific game process in each other to start the game. This paper argues that thi ...
Emerging Markets Small Caps— The Undiscovered
... The Wasatch Emerging Markets Small Cap Fund launched with ominous timing in the fall of 2007 just as Lehman collapsed and the global financial crisis began. The Fund declined in 2008 along with most funds, but it came roaring back in 2009. For the one year ended 3/31/10 the Fund was up 140.19% and w ...
... The Wasatch Emerging Markets Small Cap Fund launched with ominous timing in the fall of 2007 just as Lehman collapsed and the global financial crisis began. The Fund declined in 2008 along with most funds, but it came roaring back in 2009. For the one year ended 3/31/10 the Fund was up 140.19% and w ...
Spring 2013 Advanced Portfolio Management Solutions
... to price anomalies it creates from which a good researching investor could benefit. Disadvantages: • All domestic private equity means no diversification within the domestic equity holdings • It is difficult to construct a benchmark index for private equities – often custom benchmarks are used • App ...
... to price anomalies it creates from which a good researching investor could benefit. Disadvantages: • All domestic private equity means no diversification within the domestic equity holdings • It is difficult to construct a benchmark index for private equities – often custom benchmarks are used • App ...
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... of mergers and acquisitions (see figure I), so their cause remains an open question. In particular, cooperatives present a unique problem because cooperatives are not formed to generate and retain profits, but rather to provide members with market access or other economic benefits that make their pr ...
... of mergers and acquisitions (see figure I), so their cause remains an open question. In particular, cooperatives present a unique problem because cooperatives are not formed to generate and retain profits, but rather to provide members with market access or other economic benefits that make their pr ...
Special Edition Bond Series `Autopilot` (Issue 5)
... to ensure you are fulfilling the minimum £10,000 deposit requirement. I want to apply for an Autopilot (Standard) Bond and Autopilot (ISA) Bond, how do I do this? Two separate application forms are required for the Autopilot (ISA) Bond and the Autopilot (Standard) Bond. The aggregate value must meet ...
... to ensure you are fulfilling the minimum £10,000 deposit requirement. I want to apply for an Autopilot (Standard) Bond and Autopilot (ISA) Bond, how do I do this? Two separate application forms are required for the Autopilot (ISA) Bond and the Autopilot (Standard) Bond. The aggregate value must meet ...
Building a Holistic Capital Management Framework
... at the company level and doesn’t allow comparative analytics to be performed across business areas. Executives can use RAROC to make better decisions on complex problems. It can be used ex post to decide which investments are generating target profits or ex ante to set transaction prices or determin ...
... at the company level and doesn’t allow comparative analytics to be performed across business areas. Executives can use RAROC to make better decisions on complex problems. It can be used ex post to decide which investments are generating target profits or ex ante to set transaction prices or determin ...
the benefits of small capitalization investing
... outperformance, with the small cap group outperforming the large cap group in 8 of the past 9 decades, often by a substantial amount. During the current bull market, small caps have outperformed large caps, as shown on Figure 5. This was not, however, the case in 2015, when the S&P 500 returned 1.4% ...
... outperformance, with the small cap group outperforming the large cap group in 8 of the past 9 decades, often by a substantial amount. During the current bull market, small caps have outperformed large caps, as shown on Figure 5. This was not, however, the case in 2015, when the S&P 500 returned 1.4% ...
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.