ALLOCATING FOR IMPACT - Global social impact investment
... level of financial return, which is usually set by the outcomes-payer). Over time, however, it is possible that SIBs prove to be an investment opportunity capable of delivering predictable and competitive risk-adjusted financial returns. If so, given the return drivers of many SIBs (an investor’s fi ...
... level of financial return, which is usually set by the outcomes-payer). Over time, however, it is possible that SIBs prove to be an investment opportunity capable of delivering predictable and competitive risk-adjusted financial returns. If so, given the return drivers of many SIBs (an investor’s fi ...
20 12 Trends Emerging
... In China, a government-imposed credit squeeze is bringing real pain for developers. Unlike the last such episode in 2007, interviewees do not expect an early or significant easing in policy. Meanwhile, residential transaction volumes have plunged, and prices are beginning to turn negative. In Beijin ...
... In China, a government-imposed credit squeeze is bringing real pain for developers. Unlike the last such episode in 2007, interviewees do not expect an early or significant easing in policy. Meanwhile, residential transaction volumes have plunged, and prices are beginning to turn negative. In Beijin ...
The influence of investment intermediaries on the corporate sector
... the corporation as part of the corporate sector with undeniable advantages that favour its leading role in the economic growth, such as property liability limiting, which allows attracting a wide range of shareholders and, very quick in time and vast in volumes, centralization of the capital. In the ...
... the corporation as part of the corporate sector with undeniable advantages that favour its leading role in the economic growth, such as property liability limiting, which allows attracting a wide range of shareholders and, very quick in time and vast in volumes, centralization of the capital. In the ...
Agricultural Land Leases
... Statement of Owner’s Equity • Prepared at the end of the year or business cycle with the Balance Sheet and Income Statement • Shows sources of earned and unearned change in owner’s equity • Combined with Income Statement, ...
... Statement of Owner’s Equity • Prepared at the end of the year or business cycle with the Balance Sheet and Income Statement • Shows sources of earned and unearned change in owner’s equity • Combined with Income Statement, ...
ratio - ENTR-203
... firm’s current assets are available to meet short-term creditors’ claims. Activity ratios indicate how efficiently a business is using its assets. Leverage (debt) ratios indicate what percentage of the business assets is financed with creditors’ dollars. ...
... firm’s current assets are available to meet short-term creditors’ claims. Activity ratios indicate how efficiently a business is using its assets. Leverage (debt) ratios indicate what percentage of the business assets is financed with creditors’ dollars. ...
Does Pre-trade Transparency Affect the Market Quality in an Order
... market quality. This effect is especially apparent for so-called floor stocks, for which pre-trade transparency is lower than that of CATS. In contrast, Boehmer et al. (2005) found that greater pre-trade transparency of the limit order book improves market quality. Hendershott and Jones (2005) also ...
... market quality. This effect is especially apparent for so-called floor stocks, for which pre-trade transparency is lower than that of CATS. In contrast, Boehmer et al. (2005) found that greater pre-trade transparency of the limit order book improves market quality. Hendershott and Jones (2005) also ...
Wave 7 - BetterInvesting
... significantly fewer investors believe the market will improve in 2006 (26% vs. 36% who thought the market would improve during the second half of 2005). ...
... significantly fewer investors believe the market will improve in 2006 (26% vs. 36% who thought the market would improve during the second half of 2005). ...
Privatization CP -
... order. After all, what US families also do when they are in debt is to sell stuff. Infrastructure privatization in the US has been slow to take off in comparison to continental Europe, the UK, Canada and Australia. The effects of this can be seen in the difference in quality of US infrastructure com ...
... order. After all, what US families also do when they are in debt is to sell stuff. Infrastructure privatization in the US has been slow to take off in comparison to continental Europe, the UK, Canada and Australia. The effects of this can be seen in the difference in quality of US infrastructure com ...
How Much Diversification is Enough
... some of their money. Mean–variance investors have a single attitude toward risk, not a set of attitudes layer by layer. Behavioral investors have many attitudes toward risk, so they might be willing to take a lot more risk with some of their money. I argue, consistent with behavioral portfolio theor ...
... some of their money. Mean–variance investors have a single attitude toward risk, not a set of attitudes layer by layer. Behavioral investors have many attitudes toward risk, so they might be willing to take a lot more risk with some of their money. I argue, consistent with behavioral portfolio theor ...
The Role of Size and Book-to-Market Ratio as Proxies for
... Accordingly, the second objective of the paper is to investigate whether size and book-to-market factors are proxies for firm-specific and/or macroeconomic risk in the ISE. We believe that the ISE is a suitable market to test the size and book-to-market effects and their rational risk explanation. F ...
... Accordingly, the second objective of the paper is to investigate whether size and book-to-market factors are proxies for firm-specific and/or macroeconomic risk in the ISE. We believe that the ISE is a suitable market to test the size and book-to-market effects and their rational risk explanation. F ...
IOSR Journal of Business and Management (IOSR-JBM)
... capital. Therefore, a capital market is a financial market where money is raised by selling financial assets. It is simply a set of facilities which make it possible to exchange goods and services for money and vice versa. Specifically the capital market (also called the securities market) is a fina ...
... capital. Therefore, a capital market is a financial market where money is raised by selling financial assets. It is simply a set of facilities which make it possible to exchange goods and services for money and vice versa. Specifically the capital market (also called the securities market) is a fina ...
Draft: May 30, 2004 preliminary & incomplete
... ex-ante price guarantees for the emerging-markets asset class. A formal proposal for creating such a credit facility was put forward by Calvo (2002). The goal of ex-ante price guarantees is to create a trading environment in which emerging-markets asset prices can be credibly expected to remain abov ...
... ex-ante price guarantees for the emerging-markets asset class. A formal proposal for creating such a credit facility was put forward by Calvo (2002). The goal of ex-ante price guarantees is to create a trading environment in which emerging-markets asset prices can be credibly expected to remain abov ...
L. Favre, A. Signer. "The difficulties of measuring the benefits of hedge funds" Journal of Alternative Investment (Summer 2002)
... record inflows of more than USD 8 billion in the second quarter of 2001, the highest quarterly figure since records began at the beginning of 1994. In the first quarter of 2001 year, the money invested in the hedge fund sector (approx. USD 7 billion) was almost equal to the amount invested throughou ...
... record inflows of more than USD 8 billion in the second quarter of 2001, the highest quarterly figure since records began at the beginning of 1994. In the first quarter of 2001 year, the money invested in the hedge fund sector (approx. USD 7 billion) was almost equal to the amount invested throughou ...
Insurance market report 2015
... Asset allocation Premium trends in the Swiss business Market shares in the direct Swiss business Claims ratios in the Swiss business Changes in equity capital Supplementary health insurance providers ...
... Asset allocation Premium trends in the Swiss business Market shares in the direct Swiss business Claims ratios in the Swiss business Changes in equity capital Supplementary health insurance providers ...
Northrop Grumman Financial Security and Savings - corporate
... developing countries. The fund’s objective is capital appreciation over the long term. Retirement Path Portfolios — Each retirement path is a broadly diversified portfolio of funds consisting of equities, fixed-income securities and other investments tailored to the investment time horizon of the in ...
... developing countries. The fund’s objective is capital appreciation over the long term. Retirement Path Portfolios — Each retirement path is a broadly diversified portfolio of funds consisting of equities, fixed-income securities and other investments tailored to the investment time horizon of the in ...
Cash Is KIng, and There`s no heIr To The Throne
... was driven principally by significant working capital outflows in 2008 and 2009 as a result of a marked increase in accounts receivable. In other words Vestas was booking revenues without receiving the cash associated with them. By 2009 Vestas was reporting P/L profits (here defined as net income + ...
... was driven principally by significant working capital outflows in 2008 and 2009 as a result of a marked increase in accounts receivable. In other words Vestas was booking revenues without receiving the cash associated with them. By 2009 Vestas was reporting P/L profits (here defined as net income + ...
Inverse Bank Run, Output, and Welfare Distribution
... consumers” or “impatient consumers”), who are hit by what might be called a liquidity shock, requiring immediate access to output, while long-term assets are welcome for more patient consumers who are prepared to wait until period 2 to consume (i.e., “late consumers” or “patient consumers”). Individ ...
... consumers” or “impatient consumers”), who are hit by what might be called a liquidity shock, requiring immediate access to output, while long-term assets are welcome for more patient consumers who are prepared to wait until period 2 to consume (i.e., “late consumers” or “patient consumers”). Individ ...
Room to Move: International Financial Markets - UNC
... Similarity of decision-making criteria. The extent to which market participants employ similar decision-making indicators affects the magnitude of nancial market in uences. If all market participants employ the same indicators—or highly correlated indicators—when making asset allocation decisions ...
... Similarity of decision-making criteria. The extent to which market participants employ similar decision-making indicators affects the magnitude of nancial market in uences. If all market participants employ the same indicators—or highly correlated indicators—when making asset allocation decisions ...
The Changing Chemistry Between Hedge Funds and Investors
... with the greater proportion of investor money moving away from high net worth individuals (HNWIs), who want superior return enhancement, and towards institutional firms, who seek greater levels of risk reduction. ...
... with the greater proportion of investor money moving away from high net worth individuals (HNWIs), who want superior return enhancement, and towards institutional firms, who seek greater levels of risk reduction. ...
Public Capital: Investment Stocks and Depreciation
... Alternative financing arrangements such as Public Private Partnerships (PPP’s) can offer governments several apparent advantages, the most notable of which is that since PPP’s allow governments to effectively amortise the cost of investments over a number of years, they are considered ‘off balance s ...
... Alternative financing arrangements such as Public Private Partnerships (PPP’s) can offer governments several apparent advantages, the most notable of which is that since PPP’s allow governments to effectively amortise the cost of investments over a number of years, they are considered ‘off balance s ...
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.