CMD 2012 Matti Alahuhta
... The new equipment markets are expected to continue to grow in Asia-Pacific, but at a significantly lower rate than in 2011, and there is uncertainty related to the development in the second half of the year. The markets in Central and North Europe are expected to remain relatively stable or declin ...
... The new equipment markets are expected to continue to grow in Asia-Pacific, but at a significantly lower rate than in 2011, and there is uncertainty related to the development in the second half of the year. The markets in Central and North Europe are expected to remain relatively stable or declin ...
capital markets and economic growth: long-‐term
... Figure 16: Ratio of bonds issued by financial corporations in Europe and the US ............................................... 44 Figure 17: GDP per capita and capital market depth .......................................... ...
... Figure 16: Ratio of bonds issued by financial corporations in Europe and the US ............................................... 44 Figure 17: GDP per capita and capital market depth .......................................... ...
Collective investment schemes regulations
... mutual funds and closed-end funds [2]. Mutual funds are investment companies that must register with the U.S. Securities and Exchange Commission (SEC) and, as such, are subject to rigorous regulatory oversight. Virtually every aspect of a mutual fund's structure and operation is subject to strict re ...
... mutual funds and closed-end funds [2]. Mutual funds are investment companies that must register with the U.S. Securities and Exchange Commission (SEC) and, as such, are subject to rigorous regulatory oversight. Virtually every aspect of a mutual fund's structure and operation is subject to strict re ...
21_EFM06-HoChienwei-Determinants of Direct Stock Holding
... users are more likely to participate in stock markets. It is hypothesized that, compared to non-convenience credit card users, convenience credit card users are more likely to directly hold stocks. The same effect is expected for both types of households. Bertaut (1993) asserted that relatively smal ...
... users are more likely to participate in stock markets. It is hypothesized that, compared to non-convenience credit card users, convenience credit card users are more likely to directly hold stocks. The same effect is expected for both types of households. Bertaut (1993) asserted that relatively smal ...
Noncontrolling Interest - McGraw Hill Higher Education
... Noncontrolling Interests and Consolidations The consolidation process remains substantially unchanged with a noncontrolling interest. The parent company must determine and then enter each of these figures when constructing a worksheet: Noncontrolling interest: In subsidiary at beginning of the cu ...
... Noncontrolling Interests and Consolidations The consolidation process remains substantially unchanged with a noncontrolling interest. The parent company must determine and then enter each of these figures when constructing a worksheet: Noncontrolling interest: In subsidiary at beginning of the cu ...
Glossary of Mutual Fund and Other Related Financial Terms
... exchange-traded fund (ETF). An investment company, typically a mutual fund or unit investment trust, whose shares are traded intraday on stock exchanges at market-determined prices. Investors may buy or sell ETF shares on the secondary market through a broker, just as they would the shares of any pu ...
... exchange-traded fund (ETF). An investment company, typically a mutual fund or unit investment trust, whose shares are traded intraday on stock exchanges at market-determined prices. Investors may buy or sell ETF shares on the secondary market through a broker, just as they would the shares of any pu ...
an indication of a `credit-fuelled` burst that was `fictitious`.
... Many workers employed by capitalist companies do not produce value and surplus value. These are the ones operating in what Marx calls the ‘sphere of circulation’. One area of this is the capitalist market activity of transforming use-values into values or the reverse operation, ie the selling or bu ...
... Many workers employed by capitalist companies do not produce value and surplus value. These are the ones operating in what Marx calls the ‘sphere of circulation’. One area of this is the capitalist market activity of transforming use-values into values or the reverse operation, ie the selling or bu ...
Market Portfolio
... horizon such as one-month, six months, or one year. – Markowitz portfolio theory is a single-period model; making the model dynamic requires additional constraints, such as on portfolio turnover, in calculating the efficient frontier. – With regard to capital market theory, differences in investors’ ...
... horizon such as one-month, six months, or one year. – Markowitz portfolio theory is a single-period model; making the model dynamic requires additional constraints, such as on portfolio turnover, in calculating the efficient frontier. – With regard to capital market theory, differences in investors’ ...
Global oil and gas transactions review 2015
... strategic alliances become more common. The Statoil-Repsol multi-asset swap at the end of the year is an example of larger players leveraging their portfolios to bridge potential valuation challenges. In addition, transactions with milestone payments rather than pure cash up front may become the nor ...
... strategic alliances become more common. The Statoil-Repsol multi-asset swap at the end of the year is an example of larger players leveraging their portfolios to bridge potential valuation challenges. In addition, transactions with milestone payments rather than pure cash up front may become the nor ...
Crisis Alpha and Risk in Alternative Investment
... of crisis periods. A decomposition of crisis alpha can help to explain when risks related to credit and liquidity issues, which often come to the forefront during a crisis, manifest themselves in Hedge Fund returns. In Figure 1, the largest crisis periods in equity returns are highlighted. These cri ...
... of crisis periods. A decomposition of crisis alpha can help to explain when risks related to credit and liquidity issues, which often come to the forefront during a crisis, manifest themselves in Hedge Fund returns. In Figure 1, the largest crisis periods in equity returns are highlighted. These cri ...
NBER WORKING PAPER SERIES PUTTING THE BRAKES ON SUDDEN STOPS:
... Sudden Stop. This paper adds to their framework an IFO that offers ex ante guarantees to foreign investors on the asset prices of an emerging economy. Quantitative simulation analysis is used to study how these guarantees affect Sudden Stops and the financial frictions-moral hazard tradeoff. We are ...
... Sudden Stop. This paper adds to their framework an IFO that offers ex ante guarantees to foreign investors on the asset prices of an emerging economy. Quantitative simulation analysis is used to study how these guarantees affect Sudden Stops and the financial frictions-moral hazard tradeoff. We are ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... the Executive during the six-month period immediately preceding the termination date, and (ii) an aggregate amount equal to two times the target annual cash incentive award for which the Executive is eligible for the fiscal year in which the termination date occurs, paid in equal bi-weekly installme ...
... the Executive during the six-month period immediately preceding the termination date, and (ii) an aggregate amount equal to two times the target annual cash incentive award for which the Executive is eligible for the fiscal year in which the termination date occurs, paid in equal bi-weekly installme ...
stock comparison - MBA Projects
... options instead of dumping it in the bank-lockers. Now, this trend pick pace in small but fast developing cities like Chandigarh, Gurgaon, Jaipur, Ambala etc. My research is based on the residents of Ambala and its nearby areas. As the per-capita-income of the city is on the higher side, so it is qu ...
... options instead of dumping it in the bank-lockers. Now, this trend pick pace in small but fast developing cities like Chandigarh, Gurgaon, Jaipur, Ambala etc. My research is based on the residents of Ambala and its nearby areas. As the per-capita-income of the city is on the higher side, so it is qu ...
Calvert High Yield Bond Fund
... decision to raise the target fed funds rate following a similar move last year and the possibility that it may continue with such rate increases and/or unwind its quantitative easing program, among other things, markets could experience continuing high volatility, which could negatively impact the F ...
... decision to raise the target fed funds rate following a similar move last year and the possibility that it may continue with such rate increases and/or unwind its quantitative easing program, among other things, markets could experience continuing high volatility, which could negatively impact the F ...
The Stock Market and Capital Accumulation
... This paper interprets data from the U.S. nonfarm, nonfinancial corporate sector within the zero-rent framework. I calculate the quantity of capital from the observed value of corporate securities. I also calculate the product of capital, the amount of output produced each year by a unit of capital. ...
... This paper interprets data from the U.S. nonfarm, nonfinancial corporate sector within the zero-rent framework. I calculate the quantity of capital from the observed value of corporate securities. I also calculate the product of capital, the amount of output produced each year by a unit of capital. ...
The effect of capital market characteristics on the value
... Empirical support is provided by Kaplan and Stromberg (2002), who find that equity incentives increase the likelihood that venture capitalists provide value-adding support activities. Similarly, industry observers have expressed concerns that unfavorable deal terms (from the perspective of entreprene ...
... Empirical support is provided by Kaplan and Stromberg (2002), who find that equity incentives increase the likelihood that venture capitalists provide value-adding support activities. Similarly, industry observers have expressed concerns that unfavorable deal terms (from the perspective of entreprene ...
The Cost of Capital for Alternative Investments
... that the aggregate merger arbitrage strategy is like writing short-dated out-of-the money index put options because the underlying probability of deal failure increases as the stock market drops. Hedge fund strategies that are net long credit risk are effectively short put options on firm assets – i ...
... that the aggregate merger arbitrage strategy is like writing short-dated out-of-the money index put options because the underlying probability of deal failure increases as the stock market drops. Hedge fund strategies that are net long credit risk are effectively short put options on firm assets – i ...
Gibson10e_ch08
... Copyright 2007 by Thomson South-Western, a part of The Thomson Corporation. All rights reserved. ...
... Copyright 2007 by Thomson South-Western, a part of The Thomson Corporation. All rights reserved. ...
financial ratios management tool - VISION 2020 e
... organization. This is the starting point for making future plans for expansion and development. The use of Ratios are required from various users. The owners, creditors, Investors, lenders, Unions etc. Trade creditors The material suppliers may decide on their credit terms and also on the price base ...
... organization. This is the starting point for making future plans for expansion and development. The use of Ratios are required from various users. The owners, creditors, Investors, lenders, Unions etc. Trade creditors The material suppliers may decide on their credit terms and also on the price base ...
Global Institutional Consulting An Investor
... products. A mix of traditional passive (market capitalizationweighted), enhanced-index, and alternatively weighted, e.g., factor-focused7, managers or strategies, as well as reasonably diversified long-only truly active8 managers who run concentrated portfolios, could belong to this bucket9. Portfol ...
... products. A mix of traditional passive (market capitalizationweighted), enhanced-index, and alternatively weighted, e.g., factor-focused7, managers or strategies, as well as reasonably diversified long-only truly active8 managers who run concentrated portfolios, could belong to this bucket9. Portfol ...
Chapter 2 Assignment Grid
... Students seemingly understand assets and liabilities more easily than equity. An asset can be touched, a liability can be confirmed by looking at an invoice, but equity is conceptual. Equity is the owner's claims to the business assets; what’s left over after liabilities are subtracted from assets. ...
... Students seemingly understand assets and liabilities more easily than equity. An asset can be touched, a liability can be confirmed by looking at an invoice, but equity is conceptual. Equity is the owner's claims to the business assets; what’s left over after liabilities are subtracted from assets. ...
The Myths and Fallacies about Diversified Portfolios
... all appear to agree that the most diversified portfolio – for a given level of return or risk – is the one that lies on the efficient frontier. Claimants to the Holy Grail of diversification summarily dismiss the extension of this theory to Figure 2 and the conclusion that the most-efficient portfol ...
... all appear to agree that the most diversified portfolio – for a given level of return or risk – is the one that lies on the efficient frontier. Claimants to the Holy Grail of diversification summarily dismiss the extension of this theory to Figure 2 and the conclusion that the most-efficient portfol ...
A Market-led Revolution
... lengthy, participatory process facilitated by Stepwise Management (a consulting firm based in Germany). Months of staff time was spent developing mission, values and vision, assessing Equity’s strengths, weaknesses, opportunities and threats, preparing a “structure tree” outlining critical success f ...
... lengthy, participatory process facilitated by Stepwise Management (a consulting firm based in Germany). Months of staff time was spent developing mission, values and vision, assessing Equity’s strengths, weaknesses, opportunities and threats, preparing a “structure tree” outlining critical success f ...
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.