Detail Disagreement - American Economic Association
... captured by only one firm. We show such structures are particularly sensitive to detail disagreement. Indeed, once investors match with firms they particularly believe in, they behave as if the competitive pressure from other firms is absent. This effect of competition neglect has a large impact on ...
... captured by only one firm. We show such structures are particularly sensitive to detail disagreement. Indeed, once investors match with firms they particularly believe in, they behave as if the competitive pressure from other firms is absent. This effect of competition neglect has a large impact on ...
FORM 20-F Annual Report 2016
... Our business and revenues may be affected by any adverse changes in the Japanese and global economic environments and financial markets. For example, the global financial crisis that originated with the collapse of Lehman Brothers Holding Inc. (“Lehman Brothers”) in 2008, and the worsening of financ ...
... Our business and revenues may be affected by any adverse changes in the Japanese and global economic environments and financial markets. For example, the global financial crisis that originated with the collapse of Lehman Brothers Holding Inc. (“Lehman Brothers”) in 2008, and the worsening of financ ...
FLUXYS
... on the US market, where power generation has made a massive shift from coal to natural gas. This has, in turn, resulted in large quantities of cheap coal being exported to Europe and ...
... on the US market, where power generation has made a massive shift from coal to natural gas. This has, in turn, resulted in large quantities of cheap coal being exported to Europe and ...
notes to the financial statements
... plant is seen as similar to an item of machinery as it is used in the production and supply of agricultural produce, is expected to bear produce for more than one period, and has remote likelihood of being sold as agricultural produce. Therefore, bearer plants are measured either at cost or revalued ...
... plant is seen as similar to an item of machinery as it is used in the production and supply of agricultural produce, is expected to bear produce for more than one period, and has remote likelihood of being sold as agricultural produce. Therefore, bearer plants are measured either at cost or revalued ...
annual report - Goldman Sachs
... curve and muted economic growth. That is why we put a premium on maintaining our commitment to businesses that we knew were important to our clients. We have a diverse client franchise, and one area of particular strength has long been our standing with the hedge fund community. Our product diversit ...
... curve and muted economic growth. That is why we put a premium on maintaining our commitment to businesses that we knew were important to our clients. We have a diverse client franchise, and one area of particular strength has long been our standing with the hedge fund community. Our product diversit ...
Notice of the Ministry of Labor and Social Security and China
... Clearing Corporation shall check and ratify the corresponding minimum clearing reserve in accordance with the relevant provisions on the management of clearing reserve. The balance at the end of a day in the clearing reserve account of a clearing participant shall not be lower than the minimum limit ...
... Clearing Corporation shall check and ratify the corresponding minimum clearing reserve in accordance with the relevant provisions on the management of clearing reserve. The balance at the end of a day in the clearing reserve account of a clearing participant shall not be lower than the minimum limit ...
Empirical Evidence of Risk Shifting in Financially Distressed Firms
... high risk benefits the shareholders of distressed firms, an increase in the volatility of a project may provide an opportunity for shareholders to increase value by investing in a risky project. In this case, volatility has two opposing effects on current investment—a negative effect of the option t ...
... high risk benefits the shareholders of distressed firms, an increase in the volatility of a project may provide an opportunity for shareholders to increase value by investing in a risky project. In this case, volatility has two opposing effects on current investment—a negative effect of the option t ...
Changes in Twelfth District Local Banking Market Structure during a
... stitution may acquire another simply because the managers expect that running a larger firm would increase their own pecuniary or nonpecuniary compensation. Alternatively, a depository institution may merge with another in the same banking market because the surviving institution expects to increase ...
... stitution may acquire another simply because the managers expect that running a larger firm would increase their own pecuniary or nonpecuniary compensation. Alternatively, a depository institution may merge with another in the same banking market because the surviving institution expects to increase ...
14. procedure for application and allotment
... C a s h S ubs c riptio n 100,000 units m inim um a nd s ubs e que ntly m ultiple s o f 100,000 units In-S pe c ie S ubs c riptio n - 100,000 units m inim um a nd s ubs e que nt m ultiple s - 100,000 units ...
... C a s h S ubs c riptio n 100,000 units m inim um a nd s ubs e que ntly m ultiple s o f 100,000 units In-S pe c ie S ubs c riptio n - 100,000 units m inim um a nd s ubs e que nt m ultiple s - 100,000 units ...
The Role of Operating Leverage in Asset Pricing
... basically the same, leading to a higher book-to-market ratio. And operating leverage can further amplify this dynamic by adding to the demand volatilities. They also show the impact of proportional growth opportunities on size effect with their dynamic models and find empirical support for these mod ...
... basically the same, leading to a higher book-to-market ratio. And operating leverage can further amplify this dynamic by adding to the demand volatilities. They also show the impact of proportional growth opportunities on size effect with their dynamic models and find empirical support for these mod ...
Best Practices for Stable NAV LGIPs
... analysis process helps preserve a stable NAV. The LGIP sponsor should clearly define credit exposure guidelines and have resources, policies and procedures to adequately assess and manage the credit risk of an LGIP’s investments. An LGIP should utilize an experienced credit analyst that has the abil ...
... analysis process helps preserve a stable NAV. The LGIP sponsor should clearly define credit exposure guidelines and have resources, policies and procedures to adequately assess and manage the credit risk of an LGIP’s investments. An LGIP should utilize an experienced credit analyst that has the abil ...
Financial Literacy and Financial Behavior in Switzerland
... has so far been available. This master thesis fills this gap while constituting the first representative study on financial literacy levels of the adult population of the German speaking part of Switzerland. The release of this master thesis occurs at a time when risks and responsibilities are incre ...
... has so far been available. This master thesis fills this gap while constituting the first representative study on financial literacy levels of the adult population of the German speaking part of Switzerland. The release of this master thesis occurs at a time when risks and responsibilities are incre ...
Value Accounts Investment Funds 2016
... This publication has been prepared for general reference only and does not constitute professional advice. It is not intended to be and is not comprehensive in relation to its subject matter. This publication is not intended to cover all aspects of Australian Accounting Standards, or to be used as a ...
... This publication has been prepared for general reference only and does not constitute professional advice. It is not intended to be and is not comprehensive in relation to its subject matter. This publication is not intended to cover all aspects of Australian Accounting Standards, or to be used as a ...
Sound Advice
... These reforms, however, could have unintended consequences similar to those experienced in the UK and Australia. For example, some reports have indicated that financial advisors in these jurisdictions have moved away from providing affordable and accessible comprehensive financial advice, leaving ...
... These reforms, however, could have unintended consequences similar to those experienced in the UK and Australia. For example, some reports have indicated that financial advisors in these jurisdictions have moved away from providing affordable and accessible comprehensive financial advice, leaving ...
SGX Annual Report 2016
... business trusts, to promote fast growing industries such as Healthcare and Technology. Engagement with stakeholders is always a priority for SGX. We reached out to over 60 institutional investment firms and fund managers during the course of the year and trained in excess of 1,300 trading representa ...
... business trusts, to promote fast growing industries such as Healthcare and Technology. Engagement with stakeholders is always a priority for SGX. We reached out to over 60 institutional investment firms and fund managers during the course of the year and trained in excess of 1,300 trading representa ...
Enhancing Financial Stability and Resilience
... The 2007–08 global financial crisis demonstrated that regulation focused on individual institutions alone does not adequately deal with systemic risks to the financial markets as a whole. In particular, it became apparent that the financial system has an inherent bias toward booms and busts that is ...
... The 2007–08 global financial crisis demonstrated that regulation focused on individual institutions alone does not adequately deal with systemic risks to the financial markets as a whole. In particular, it became apparent that the financial system has an inherent bias toward booms and busts that is ...
Asset market participation and portfolio choice over the life-cycle
... pronounced age patterns than in overall portfolios which reflect allocations of constraintfree financial wealth. In this paper, we try to overcome these problems. We have assembled a new database drawing on administrative records from the Norwegian Tax Registry (NTR). Because Norwegian households ar ...
... pronounced age patterns than in overall portfolios which reflect allocations of constraintfree financial wealth. In this paper, we try to overcome these problems. We have assembled a new database drawing on administrative records from the Norwegian Tax Registry (NTR). Because Norwegian households ar ...
Old Globe Theatre dba The Old Globe
... includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. ...
... includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. ...
Creating the world`s largest interdealer broker
... The market landscape for ICAP, its competitors and customers continues to be impacted by significant structural and cyclical changes. In recent years the former has been driven by regulation and technology while the latter largely takes the form of macro drivers such as volatility across different a ...
... The market landscape for ICAP, its competitors and customers continues to be impacted by significant structural and cyclical changes. In recent years the former has been driven by regulation and technology while the latter largely takes the form of macro drivers such as volatility across different a ...
The Importance of Quantifying Uncertainty
... Christensen et al. (2012) estimate audit materiality using the common materiality threshold of 5 percent of pre-tax income to approximate the extent to which small changes in fair value inputs exceed materiality. ...
... Christensen et al. (2012) estimate audit materiality using the common materiality threshold of 5 percent of pre-tax income to approximate the extent to which small changes in fair value inputs exceed materiality. ...
Regulation of CrowdFunding in Germany, the UK, Spain and Italy
... The European Crowdfunding market is said to have more than doubled in value between 2011 and 2012, reaching a value of around EUR 1 billion in value in 20121 – a figure to be taken as indicative rather than absolute. This market comprises a variety of different funding forms, such as donations, rewa ...
... The European Crowdfunding market is said to have more than doubled in value between 2011 and 2012, reaching a value of around EUR 1 billion in value in 20121 – a figure to be taken as indicative rather than absolute. This market comprises a variety of different funding forms, such as donations, rewa ...
