Short Selling IPOs
... pricing of IPOs. First, Miller (1977) suggests that investor overoptimism combined with the inability to short sell the security leads to higher initial returns than would otherwise occur. More recently, the models of Derrien (2006) and Ljungqvist, Nanda and Singh (2006) predict that underwriters an ...
... pricing of IPOs. First, Miller (1977) suggests that investor overoptimism combined with the inability to short sell the security leads to higher initial returns than would otherwise occur. More recently, the models of Derrien (2006) and Ljungqvist, Nanda and Singh (2006) predict that underwriters an ...
Debunking myths about ETF liquidity
... dynamically adjust their supply of shares to match changes in investor demand. This feature enables ETFs to trade at prices that typically closely approximate NAV. ETF creation and redemption is the process by which ETF shares are added to or removed from the secondary market. This process is manage ...
... dynamically adjust their supply of shares to match changes in investor demand. This feature enables ETFs to trade at prices that typically closely approximate NAV. ETF creation and redemption is the process by which ETF shares are added to or removed from the secondary market. This process is manage ...
Debunking myths about ETF liquidity
... dynamically adjust their supply of shares to match changes in investor demand. This feature enables ETFs to trade at prices that typically closely approximate NAV. ETF creation and redemption is the process by which ETF shares are added to or removed from the secondary market. This process is manage ...
... dynamically adjust their supply of shares to match changes in investor demand. This feature enables ETFs to trade at prices that typically closely approximate NAV. ETF creation and redemption is the process by which ETF shares are added to or removed from the secondary market. This process is manage ...
Form 10-K - Kimco Investor Relations
... certain U.S. properties. If the Company accepts sales prices for any of these assets that are less than their net carrying values, the Company would be required to take impairment charges and such amounts could be material. In order to execute the Company’s strategy, the Company intends to continue ...
... certain U.S. properties. If the Company accepts sales prices for any of these assets that are less than their net carrying values, the Company would be required to take impairment charges and such amounts could be material. In order to execute the Company’s strategy, the Company intends to continue ...
words - Nasdaq`s INTEL Solutions
... statements in this report are specifically identified as forward-looking, by use of phrases and words such as “believe,” “anticipate,” “expect,” “may,” “should,” “could” and other future-oriented terms. The identification of certain statements as “forward-looking” is not intended to mean that other ...
... statements in this report are specifically identified as forward-looking, by use of phrases and words such as “believe,” “anticipate,” “expect,” “may,” “should,” “could” and other future-oriented terms. The identification of certain statements as “forward-looking” is not intended to mean that other ...
Fund Analysis, Cash-Flow Analysis, and Financial Planning
... statement for 2008. She estimates that sales for the 6 months ended June 30 will be $1,222,000. COGS are estimated from the average of years 2005 through 2007. Selling, general, and administrative costs are forecasted at $34,000 per month, while the income tax rate is assumed equal to 40%. Cash divi ...
... statement for 2008. She estimates that sales for the 6 months ended June 30 will be $1,222,000. COGS are estimated from the average of years 2005 through 2007. Selling, general, and administrative costs are forecasted at $34,000 per month, while the income tax rate is assumed equal to 40%. Cash divi ...
influence of liquidity on profitability - e
... costs resulting from their deterioration or aging, experiencing the loss amounting to their total value (Gajdka and Walińska, 2008, p. 467). Engaging resources in current assets brings some benefits and losses. If the losses (in shape of the cost of lost opportunities) begin to exceed the benefits, ...
... costs resulting from their deterioration or aging, experiencing the loss amounting to their total value (Gajdka and Walińska, 2008, p. 467). Engaging resources in current assets brings some benefits and losses. If the losses (in shape of the cost of lost opportunities) begin to exceed the benefits, ...
Global Markets Minesweeper
... implied, with respect to the fairness, correctness, accuracy or completeness of such information. In addition we have no obligation to update, modify or amend this communication or to otherwise notify a recipient in the event that any matter stated herein, or any opinion, projection, forecast or est ...
... implied, with respect to the fairness, correctness, accuracy or completeness of such information. In addition we have no obligation to update, modify or amend this communication or to otherwise notify a recipient in the event that any matter stated herein, or any opinion, projection, forecast or est ...
1 - Review of Management and Economic Engineering
... Vacation prize promotions, Nigerian letters, free goods, Credit card frauds, Internet access services. These are the most known frauds and we will discuss further in this paper. According to most of the reports done by security companies, these are the crimes that bring the biggest losses in money. ...
... Vacation prize promotions, Nigerian letters, free goods, Credit card frauds, Internet access services. These are the most known frauds and we will discuss further in this paper. According to most of the reports done by security companies, these are the crimes that bring the biggest losses in money. ...
Making the Numbers? “Short Termism” & the Puzzle of Only Occasional Disaster
... measureable performance can induce managers to neglect those tasks for which clear performance measures are not available (Holmstrom and Milgrom 1991), and that rewarding short-term performance when managerial ability is unclear can lead managers to “borrow” earnings from the future at an unfavorabl ...
... measureable performance can induce managers to neglect those tasks for which clear performance measures are not available (Holmstrom and Milgrom 1991), and that rewarding short-term performance when managerial ability is unclear can lead managers to “borrow” earnings from the future at an unfavorabl ...
Black Box Corporation
... through two platforms it has built over its 37 -year history. The Products Platform is comprised of global sales and distribution, free 24/7/365 technical support, custom solutions, same-day delivery, lifetime warranties, quality control, global product management and sourcing. The current product c ...
... through two platforms it has built over its 37 -year history. The Products Platform is comprised of global sales and distribution, free 24/7/365 technical support, custom solutions, same-day delivery, lifetime warranties, quality control, global product management and sourcing. The current product c ...
January 31, 2017 - Tortoise Index Solutions
... Underlying Index, the Tortoise Water Index (TBLUE), is a proprietary rules-based, modified capitalization weighted, float adjusted index designed to track the overall performance of equity securities of Water Companies listed on the New York Stock Exchange, NASDAQ, or Toronto Stock Exchange. The Fun ...
... Underlying Index, the Tortoise Water Index (TBLUE), is a proprietary rules-based, modified capitalization weighted, float adjusted index designed to track the overall performance of equity securities of Water Companies listed on the New York Stock Exchange, NASDAQ, or Toronto Stock Exchange. The Fun ...
structured life insurance and investment products for retail investors
... on these products is provided. It is highlighted that due to the flexibility in the design of this products, the interaction between insurance company and insurance taker becomes of great importance. Therefore, this chapter also motivates the two following chapters. Chapter 3 answers the question wh ...
... on these products is provided. It is highlighted that due to the flexibility in the design of this products, the interaction between insurance company and insurance taker becomes of great importance. Therefore, this chapter also motivates the two following chapters. Chapter 3 answers the question wh ...
Size Premia in the Canadian Equity Market
... The CAPM model gives a prediction of the relationship that should be observed between the risk of an equity and its expected return. The CAPM is based on the assumption that investors are only compensated for the degree of systematic risk for which they are exposed. Systematic risk is measured by be ...
... The CAPM model gives a prediction of the relationship that should be observed between the risk of an equity and its expected return. The CAPM is based on the assumption that investors are only compensated for the degree of systematic risk for which they are exposed. Systematic risk is measured by be ...
Managers` Discussion of Competition in the 10
... opportunities, industry concentration, and even for lagged dependent variables (i.e., prior year cash holdings, leverage and dividend payout ratio). We predict that firms will also respond to competitive threats by altering their investment strategies. We test this prediction by examining the relati ...
... opportunities, industry concentration, and even for lagged dependent variables (i.e., prior year cash holdings, leverage and dividend payout ratio). We predict that firms will also respond to competitive threats by altering their investment strategies. We test this prediction by examining the relati ...
Underwriting Costs of Seasoned Equity Offerings
... point out that issuers can choose either to avoid the use of underwriters (and place directly into the market) or engage an underwriter in a “best efforts” underwriting (in which no firm commitment to a price is provided). Although doing so is cheaper, these arrangements are generally not favored be ...
... point out that issuers can choose either to avoid the use of underwriters (and place directly into the market) or engage an underwriter in a “best efforts” underwriting (in which no firm commitment to a price is provided). Although doing so is cheaper, these arrangements are generally not favored be ...
The Hedge Fund Landscape
... state, promoting consistency across the industry. This regulation has applied to long-only mutual funds since 1985 but is now also applicable to hedge funds that wish to register. UCITS regulations have progressed through a number of iterations, with rules generally updated in consultation with mark ...
... state, promoting consistency across the industry. This regulation has applied to long-only mutual funds since 1985 but is now also applicable to hedge funds that wish to register. UCITS regulations have progressed through a number of iterations, with rules generally updated in consultation with mark ...
Communicating Asset Risk: How Name
... More specifically, for historical return information, we examined how the format in which it is provided translated into investor perceptions of future asset return, asset volatility, and asset risk. Ibrekk and Morgan (1987) looked at the effect of nine different presentation formats on people’s eva ...
... More specifically, for historical return information, we examined how the format in which it is provided translated into investor perceptions of future asset return, asset volatility, and asset risk. Ibrekk and Morgan (1987) looked at the effect of nine different presentation formats on people’s eva ...
Successful Activist Board Engagement
... Additionally, those target firms increased certain operating performance measures that are commonly used by financial economists, such as return on assets (ROA) and market value relative to book value (Tobin’s Q) during the post event period. Further, the assertion that myopically-focused activist i ...
... Additionally, those target firms increased certain operating performance measures that are commonly used by financial economists, such as return on assets (ROA) and market value relative to book value (Tobin’s Q) during the post event period. Further, the assertion that myopically-focused activist i ...
Notes - Barchart.com
... Power Products manufactures core components for its products, where such integration improves operating profitability by providing lower costs. Power Products purchases engines from its parent, Briggs & Stratton, as well as from Honda, Kawasaki and Kohler. Power Products has not experienced any diff ...
... Power Products manufactures core components for its products, where such integration improves operating profitability by providing lower costs. Power Products purchases engines from its parent, Briggs & Stratton, as well as from Honda, Kawasaki and Kohler. Power Products has not experienced any diff ...
Methods for recognition of actuarial gains and losses under IaS 19
... discount rates disclosed by companies constituting each of the stock market indices. Fasshauer et al. (2008) report that in 2005 the relatively new IAS 19 option of full recognition of actuarial gains and losses through the SORIE, based on the UK’s Financial Reporting Standard (FRS) 17, was widely a ...
... discount rates disclosed by companies constituting each of the stock market indices. Fasshauer et al. (2008) report that in 2005 the relatively new IAS 19 option of full recognition of actuarial gains and losses through the SORIE, based on the UK’s Financial Reporting Standard (FRS) 17, was widely a ...
= Best Long-Term Shareholder Value
... eight apartments and 11 basement car parking spaces at the Forum, located in Sandyford, Dublin 18, for a total purchase price of c. €2.3 million (including VAT, but excluding other transaction costs), funded by the Company’s cash on hand. With this acquisition, our total portfolio consists of 2,064 ...
... eight apartments and 11 basement car parking spaces at the Forum, located in Sandyford, Dublin 18, for a total purchase price of c. €2.3 million (including VAT, but excluding other transaction costs), funded by the Company’s cash on hand. With this acquisition, our total portfolio consists of 2,064 ...