orica reports increase in 2013 financial half year profit
... conditions in the New Zealand dairy sector and Bronson & Jacobs volume and market growth. Results for ground support products and services reflect difficult market conditions affecting demand in all regions. The global integration of these operations, primarily into Mining Services, has progressed r ...
... conditions in the New Zealand dairy sector and Bronson & Jacobs volume and market growth. Results for ground support products and services reflect difficult market conditions affecting demand in all regions. The global integration of these operations, primarily into Mining Services, has progressed r ...
A Model-Based Approach to Constructing Corporate Bond Portfolios
... 2 The Quantitative Models for Risk Measurement and Valuation The quantitative tools supporting our model-based approach are Moody’s Analytics’ EDF (Expected Default Frequency) credit measures and Fair-value Spread (FVS) valuation framework. The EDF credit measure is calculated using a structural fra ...
... 2 The Quantitative Models for Risk Measurement and Valuation The quantitative tools supporting our model-based approach are Moody’s Analytics’ EDF (Expected Default Frequency) credit measures and Fair-value Spread (FVS) valuation framework. The EDF credit measure is calculated using a structural fra ...
Seasons Series Trust - Allocation Moderate Growth
... companies. Large-cap companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the Portfolio’s value may not rise as much as the value of portfolios that emphasize smaller companies. Growth Stock Risk. The Portfolio invests su ...
... companies. Large-cap companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the Portfolio’s value may not rise as much as the value of portfolios that emphasize smaller companies. Growth Stock Risk. The Portfolio invests su ...
modeling high-frequency dynamics of financial markets in
... liquidity provision in limit order markets. This model can be applied with minor modifications to any sequence of events that occur at random, rather than predetermined, time intervals. In the context of electronic limit order market, such events can naturally be associated with changes of the infor ...
... liquidity provision in limit order markets. This model can be applied with minor modifications to any sequence of events that occur at random, rather than predetermined, time intervals. In the context of electronic limit order market, such events can naturally be associated with changes of the infor ...
Economic Justice Manifesto - School of Cooperative Individualism
... location value into the land and earns a reward for the location value. Location value is caused by the people coming to the mall. Owners earn rewards by investing in buildings, equipment and supplies but shoppers cause a mall’s increased location value. Proof is in the fact that rental value disapp ...
... location value into the land and earns a reward for the location value. Location value is caused by the people coming to the mall. Owners earn rewards by investing in buildings, equipment and supplies but shoppers cause a mall’s increased location value. Proof is in the fact that rental value disapp ...
An Empirical Analysis of the Limit Order Book and the Order
... statistics to compute for our main dataset of 19 trading days from Octoberand November 1991. The results obtained in the pilot sample are quite similar to those obtained "out of sample." The same associations between variables are observed, and the same qualitative results are obtained in the main s ...
... statistics to compute for our main dataset of 19 trading days from Octoberand November 1991. The results obtained in the pilot sample are quite similar to those obtained "out of sample." The same associations between variables are observed, and the same qualitative results are obtained in the main s ...
capital structure in the airline industry
... administration we have gotten many different interesting topics to choose from when preparing our master thesis. Since we both have specialization in financial economics, this was set as a base when choosing the topic. We have also studied subjects from econometrics and business analysis and perform ...
... administration we have gotten many different interesting topics to choose from when preparing our master thesis. Since we both have specialization in financial economics, this was set as a base when choosing the topic. We have also studied subjects from econometrics and business analysis and perform ...
Indian Private Equity: Route to Resurgence
... regulations became more focused on shareholder protection and tax gaps, with spill-over effects on the private equity industry. As signs now point toward renewed economic strength in India, the time is right to reflect on the lessons of the past and consider the future. To contribute to the dialogue ...
... regulations became more focused on shareholder protection and tax gaps, with spill-over effects on the private equity industry. As signs now point toward renewed economic strength in India, the time is right to reflect on the lessons of the past and consider the future. To contribute to the dialogue ...
Mutual funds
... • A variant of index funds that are traded on an exchange. • The advantage of an ETF is that it can be traded throughout the day at continuously updated prices. • ETFs can be purchased on margin and sold short, unlike index funds. • There are no capital gains distributions to add to tax liabilitiy i ...
... • A variant of index funds that are traded on an exchange. • The advantage of an ETF is that it can be traded throughout the day at continuously updated prices. • ETFs can be purchased on margin and sold short, unlike index funds. • There are no capital gains distributions to add to tax liabilitiy i ...
Do Noise Traders Move Markets?
... be net buyers or net sellers of the same stocks; if, instead, noise traders buy and sell randomly, their trades tend to cancel, rather than reinforce, each other. Third, there must be limits to the ability of rational, well-informed investors to correct mispricing through arbitrage. If these conditi ...
... be net buyers or net sellers of the same stocks; if, instead, noise traders buy and sell randomly, their trades tend to cancel, rather than reinforce, each other. Third, there must be limits to the ability of rational, well-informed investors to correct mispricing through arbitrage. If these conditi ...
بورصة بيورت - Beirut Stock Exchange
... 17) Mother Companies: (Name, Law governing the establishment of the mother company, ownership percentage from the overall stocks of the concerned company, nature of the mother company’s activity, capital of the mother company). ...
... 17) Mother Companies: (Name, Law governing the establishment of the mother company, ownership percentage from the overall stocks of the concerned company, nature of the mother company’s activity, capital of the mother company). ...
The Determinants of Chinese Local Government Bond Yields
... the liquidity of the credit market, especially for urban construction investment bonds, was severely impaired afterwards. Naturally, one would like to ask the following questions: How do Chinese bond investors evaluate the risk of local government bonds? What factors affect their perception of the ...
... the liquidity of the credit market, especially for urban construction investment bonds, was severely impaired afterwards. Naturally, one would like to ask the following questions: How do Chinese bond investors evaluate the risk of local government bonds? What factors affect their perception of the ...
Price Discovery and Trading After Hours
... discovery than during the preopen, the majority of trades are with market makers. In contrast, the majority of trades and virtually all price discovery during the preopen occur on electronic communications networks (ECNs). This is consistent with Barclay, Hendershott, and McCormick's (2003) findings ...
... discovery than during the preopen, the majority of trades are with market makers. In contrast, the majority of trades and virtually all price discovery during the preopen occur on electronic communications networks (ECNs). This is consistent with Barclay, Hendershott, and McCormick's (2003) findings ...
smoothing behavior of firms in times of crisis
... In seeking of the wholly fairness, accounting information users in nowadays, tend to rely on income statement primarily. Generating information about companies and disclosing the success of their operations, the income statement can be the perfect tool for above assessment, if it would not be often ...
... In seeking of the wholly fairness, accounting information users in nowadays, tend to rely on income statement primarily. Generating information about companies and disclosing the success of their operations, the income statement can be the perfect tool for above assessment, if it would not be often ...
The Cost of Immediacy for Corporate Bonds
... the day of the exclusion, and it is at least five times higher than in the weeks surrounding the exclusion. The peak in trading volume is consistent with index trackers attempting to minimize their tracking errors by trading close to the index exclusion date. Blume and Edelen (2004) show that stock ...
... the day of the exclusion, and it is at least five times higher than in the weeks surrounding the exclusion. The peak in trading volume is consistent with index trackers attempting to minimize their tracking errors by trading close to the index exclusion date. Blume and Edelen (2004) show that stock ...
The Equity Imperative - Improving Active Risk
... scenario in which we are deciding between two active managers. One has a high information ratio of 0.7, but a lower expected excess return of 2.0% (Manager A). The other has a higher expected excess return of 4.0% but a lower information ratio at 0.4 (Manager B). Which of these managers should we se ...
... scenario in which we are deciding between two active managers. One has a high information ratio of 0.7, but a lower expected excess return of 2.0% (Manager A). The other has a higher expected excess return of 4.0% but a lower information ratio at 0.4 (Manager B). Which of these managers should we se ...
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... Interest rates have been cut dramatically, governments have ramped up their spending plans and a raft of radical measures has been implemented to support credit markets. These measures should eventually suceed in supporting economic growth. Even so, conditions don’t have to get dramatically better f ...
... Interest rates have been cut dramatically, governments have ramped up their spending plans and a raft of radical measures has been implemented to support credit markets. These measures should eventually suceed in supporting economic growth. Even so, conditions don’t have to get dramatically better f ...
FC Research SRI LANKA BANKING SECTOR HOLD
... Pawning led NPLs adds further woes in 2013: The quality of assets in the banking sector deteriorated as indicated by the increase in the Non-Performing Loans (NPL) ratio from 3.7% as at end 2012 to 5.6% by end 2013. This was largely the result of weaker loan quality in the pawning portfolio. NPLs in ...
... Pawning led NPLs adds further woes in 2013: The quality of assets in the banking sector deteriorated as indicated by the increase in the Non-Performing Loans (NPL) ratio from 3.7% as at end 2012 to 5.6% by end 2013. This was largely the result of weaker loan quality in the pawning portfolio. NPLs in ...
Case Objectives - Trinity University
... interest rates under the option contract) than the higher spot prices caused by drops in interest rates in the current market The option holder may then sell the “called” notes at the higher spot prices for a profit. Many investors purchase interest rate calls in pure speculation that interest rates ...
... interest rates under the option contract) than the higher spot prices caused by drops in interest rates in the current market The option holder may then sell the “called” notes at the higher spot prices for a profit. Many investors purchase interest rate calls in pure speculation that interest rates ...
Generation Wholesale Global Share Fund
... sustainability factors (economic, health, environmental, social and governance) affect a company’s ability to grow revenues, manage risk and costs and ultimately drive competitive position and share price over the long term. Generation integrates sustainability research into its detailed fundamental ...
... sustainability factors (economic, health, environmental, social and governance) affect a company’s ability to grow revenues, manage risk and costs and ultimately drive competitive position and share price over the long term. Generation integrates sustainability research into its detailed fundamental ...
Ethical Investment and Portfolio Theory
... It is possible that ethical investment has higher transaction costs (than the whole market) (Richardson, [14]). However, Havemann and Webster [5] suggest there may be lower costs for fund managers focusing only on ethical investments, because those managers have a smaller range of stocks to keep tra ...
... It is possible that ethical investment has higher transaction costs (than the whole market) (Richardson, [14]). However, Havemann and Webster [5] suggest there may be lower costs for fund managers focusing only on ethical investments, because those managers have a smaller range of stocks to keep tra ...
Financial Transaction Tax and Financial Market Stability with
... with τ S and τ B representing the tax-level and qt the price of the risky asset and qtb the price of the bond. The quadratic form of the tax-base stems from several reasons. First, it is to avoid subsidy on selling stocks or bonds. Second, a quadratic transaction tax also captures the effect that wi ...
... with τ S and τ B representing the tax-level and qt the price of the risky asset and qtb the price of the bond. The quadratic form of the tax-base stems from several reasons. First, it is to avoid subsidy on selling stocks or bonds. Second, a quadratic transaction tax also captures the effect that wi ...