financial deepening in indonesia
... decade. During the period 2004 to 2013, real GDP in Indonesia grew at a Compound Annual Growth Rate (CAGR) of 5.9%, behind only China and India. Further, this growth was marked by relatively low volatility in comparison to other emerging market peers. Indonesian real GDP growth rates ranged from 4% ...
... decade. During the period 2004 to 2013, real GDP in Indonesia grew at a Compound Annual Growth Rate (CAGR) of 5.9%, behind only China and India. Further, this growth was marked by relatively low volatility in comparison to other emerging market peers. Indonesian real GDP growth rates ranged from 4% ...
Key Trends in Valuing ASCs
... Why is a Valuation Needed Fair Market Value (“FMV”) – the only premise of value to meet the AntiKickback Statute and Private Inurement Regulations ...
... Why is a Valuation Needed Fair Market Value (“FMV”) – the only premise of value to meet the AntiKickback Statute and Private Inurement Regulations ...
COMMISSION ON AUDIT CIRCULAR NO. 89-313
... A monthly trial balance of the Fund shall be prepared and submitted to the Resident Auditor of the NAMRIA for verification and audit. A copy of the Quarterly and Year-end trial balances/together with the Status Report of the Fund, shall be submitted to the Accountancy Office of this Commission not l ...
... A monthly trial balance of the Fund shall be prepared and submitted to the Resident Auditor of the NAMRIA for verification and audit. A copy of the Quarterly and Year-end trial balances/together with the Status Report of the Fund, shall be submitted to the Accountancy Office of this Commission not l ...
Modeling Portfolios that Contain Risky Assets I: Risk and
... of its outcome. Every investment has risk associated with it. Hiding your cash under a mattress puts it at greater risk of loss to theft or fire than depositing it in a bank, and is a sure way to not make money. Depositing your cash into an FDIC insured bank account is the safest investment that you ...
... of its outcome. Every investment has risk associated with it. Hiding your cash under a mattress puts it at greater risk of loss to theft or fire than depositing it in a bank, and is a sure way to not make money. Depositing your cash into an FDIC insured bank account is the safest investment that you ...
Chapter 15
... 11 introduced the time value of money and showed how it is used to make financial decisions. Chapter 12 used the time value of money concept to determine if business investment activities should be undertaken. Chapters 13 and 14 explored the issues surrounding business financing decisions. Chapter 1 ...
... 11 introduced the time value of money and showed how it is used to make financial decisions. Chapter 12 used the time value of money concept to determine if business investment activities should be undertaken. Chapters 13 and 14 explored the issues surrounding business financing decisions. Chapter 1 ...
Capital Structure and the Corporation`s Product Market Environment
... By focusing on the product market side, I do not mean to imply that capital market influences are unimportant. On the other hand, to pursue this line of research, as a matter of logic I do have to maintain as a hypothesis that the capital market pressure is not always sufficient to remove all but sh ...
... By focusing on the product market side, I do not mean to imply that capital market influences are unimportant. On the other hand, to pursue this line of research, as a matter of logic I do have to maintain as a hypothesis that the capital market pressure is not always sufficient to remove all but sh ...
CHAPTER 03 AA Analyzing Business Transactions Using T
... firm’s assets, liabilities, and owner’s equity and record these effects in accounting equation form. 2-4 Prepare an income statement. 2-5 Prepare a statement of owner’s equity and a Atef Abuelaish ...
... firm’s assets, liabilities, and owner’s equity and record these effects in accounting equation form. 2-4 Prepare an income statement. 2-5 Prepare a statement of owner’s equity and a Atef Abuelaish ...
Active or Passive
... funds in this study to reduce survivorship bias: the tendency for mutual funds to be excluded from a database because they no longer exist. Mutual funds with poor performance tend to be dropped by mutual fund companies, generally because of poor results or low asset accumulation. This phenomenon, wh ...
... funds in this study to reduce survivorship bias: the tendency for mutual funds to be excluded from a database because they no longer exist. Mutual funds with poor performance tend to be dropped by mutual fund companies, generally because of poor results or low asset accumulation. This phenomenon, wh ...
Why Hedge Funds? - CFA Institute Publications
... given the general lack of transparency and limited reporting requirements in the hedge fund sector, these funds allow investors to delegate their operational due diligence responsibilities to the fund manager—for a fee. But these funds are not without risk. The global financial crisis (January 2008– ...
... given the general lack of transparency and limited reporting requirements in the hedge fund sector, these funds allow investors to delegate their operational due diligence responsibilities to the fund manager—for a fee. But these funds are not without risk. The global financial crisis (January 2008– ...
Inflation: The Influence of Inflation on Equity Returns
... cash flows. These can be coupon and principle payments for bonds, or earnings for stocks. Inflation reduces the purchasing power of cash and, therefore, reduces the value of such future cash flows. If investors expect inflation to be high in the future, then they require higher rates of return today ...
... cash flows. These can be coupon and principle payments for bonds, or earnings for stocks. Inflation reduces the purchasing power of cash and, therefore, reduces the value of such future cash flows. If investors expect inflation to be high in the future, then they require higher rates of return today ...
TIPS Index Fund - Get Retirement Right
... and by Companion Life Insurance Company for contracts issued in New York, that invests in the underlying mutual fund/ collective trust investments or is managed by the specified investment manager. All funds may not be available as an investment option in a plan. Composition Graph The Long/Short/Net ...
... and by Companion Life Insurance Company for contracts issued in New York, that invests in the underlying mutual fund/ collective trust investments or is managed by the specified investment manager. All funds may not be available as an investment option in a plan. Composition Graph The Long/Short/Net ...
Mr. Raharjo Adisusanto, President Director, SMF, Indonesia
... effectively and efficiently with sufficient mortgage volumes, sustainable and affordable, seen from accessibility to obtain house and affordable ...
... effectively and efficiently with sufficient mortgage volumes, sustainable and affordable, seen from accessibility to obtain house and affordable ...
Adverse Selection and Risk Aversion in Capital Markets
... firms can always borrow funds at an interest rate that accurately reflects the degree of risk posed by their investment projects. One major source of capital market imperfection is asymmetric information between outside investors and entrepreneurs. In many instances, entrepreneurs have better inform ...
... firms can always borrow funds at an interest rate that accurately reflects the degree of risk posed by their investment projects. One major source of capital market imperfection is asymmetric information between outside investors and entrepreneurs. In many instances, entrepreneurs have better inform ...
Solidarity Finance: An Evolving Landscape
... the fragility of their clientele were often not well understood. One has only to be reminded of the trenchant critiques of some microfinance institutions that transformed into banks, increasing the vulnerability of their already very vulnerable clientele. Community-based or Local Finance Community-b ...
... the fragility of their clientele were often not well understood. One has only to be reminded of the trenchant critiques of some microfinance institutions that transformed into banks, increasing the vulnerability of their already very vulnerable clientele. Community-based or Local Finance Community-b ...
![II. Foreign portfolio investment[7]](http://s1.studyres.com/store/data/009465518_1-aaeccb882c08a66cd754bf0cd0f9039d-300x300.png)
II. Foreign portfolio investment[7]
... example, the IMF notes that in recent years there has been an "internationalisation" of emerging market economies' equity markets that has seen enterprises increasingly bypassing local stock exchanges to raise capital and resorting to depositary receipts traded on foreign stock exchanges, issuing in ...
... example, the IMF notes that in recent years there has been an "internationalisation" of emerging market economies' equity markets that has seen enterprises increasingly bypassing local stock exchanges to raise capital and resorting to depositary receipts traded on foreign stock exchanges, issuing in ...
GrowthProspectus - Fortress Fund Managers
... more open and market driven economies. The most significant changes have taken place in Jamaica, Guyana, Trinidad and more recently in the OECS where exchange controls have been relaxed, currencies floated, and trade liberalisation policies enacted with reduced duties, quotas and the downsizing of g ...
... more open and market driven economies. The most significant changes have taken place in Jamaica, Guyana, Trinidad and more recently in the OECS where exchange controls have been relaxed, currencies floated, and trade liberalisation policies enacted with reduced duties, quotas and the downsizing of g ...
The Impact of Costs and Returns on the Investment
... among large Swiss pension funds. Public, corporate, and industry-wide/multiemployer pension funds participated in the survey. The report reveals that portfolio diversification is the main decision criteria for Swiss pension fund managers when structuring their portfolios. The riskreturn-relation is ...
... among large Swiss pension funds. Public, corporate, and industry-wide/multiemployer pension funds participated in the survey. The report reveals that portfolio diversification is the main decision criteria for Swiss pension fund managers when structuring their portfolios. The riskreturn-relation is ...
The Mystery of DFA - Stevens Wealth Management
... risk that the market compensates by emphasizing securities with characteristics that historically have been associated with higher returns. The firm generally has been disciplined about launching new strategies in each of the markets where it operates. Each strategy must be economically sound, consi ...
... risk that the market compensates by emphasizing securities with characteristics that historically have been associated with higher returns. The firm generally has been disciplined about launching new strategies in each of the markets where it operates. Each strategy must be economically sound, consi ...
Why value value? - Spears School of Business
... The situation is similar in Japan. The lion’s share of external funding – some 78 percent – comes from loans from private financial institutions. Publicly-traded corporate bonds provide only 2.8 percent of external capital, and equity issues only 8.9 percent. The major security holders appear to hol ...
... The situation is similar in Japan. The lion’s share of external funding – some 78 percent – comes from loans from private financial institutions. Publicly-traded corporate bonds provide only 2.8 percent of external capital, and equity issues only 8.9 percent. The major security holders appear to hol ...
2.1 Funding Objectives – Ongoing Plan
... This Statement of Investment Principles (“the Statement”) has been prepared for the Pensions Committee of Cornwall Council (“the Committee”) in relation to the Cornwall Pension Fund (“the Fund”) in accordance with the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2 ...
... This Statement of Investment Principles (“the Statement”) has been prepared for the Pensions Committee of Cornwall Council (“the Committee”) in relation to the Cornwall Pension Fund (“the Fund”) in accordance with the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2 ...
A Two-Period International Investment Model Setting Up the The
... • By being able to lend, export, and import, the small country’s consumers to achieve the combination of period 1 and 2 consumption levels that lie on a higher indifference curve than the best closed-economy consumption point A. • Notice that for the small country to take advantage of international ...
... • By being able to lend, export, and import, the small country’s consumers to achieve the combination of period 1 and 2 consumption levels that lie on a higher indifference curve than the best closed-economy consumption point A. • Notice that for the small country to take advantage of international ...
2013 Archived Documents
... Indexes, respectively. Despite the unfavorable comparison over the last five years, the economies of emerging countries have recovered faster and are expected to continue growing faster than those of developed countries and will be prime beneficiaries when recovery of the global economy pushes up de ...
... Indexes, respectively. Despite the unfavorable comparison over the last five years, the economies of emerging countries have recovered faster and are expected to continue growing faster than those of developed countries and will be prime beneficiaries when recovery of the global economy pushes up de ...
FA1
... operations: sales revenue less expenses associated with generating sales. – Provides a basis for assessing success of a firm apart from financing and investing activities and separate ...
... operations: sales revenue less expenses associated with generating sales. – Provides a basis for assessing success of a firm apart from financing and investing activities and separate ...
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.