Determinants of FPI over FDI
... A key difference between FDI and FPI: FDI investors have the management of the firms under their control; but FPI investors delegate decisions to managers. Hence, direct investors are more informed than portfolio investors regarding projects, which enables them to manage projects more efficientl ...
... A key difference between FDI and FPI: FDI investors have the management of the firms under their control; but FPI investors delegate decisions to managers. Hence, direct investors are more informed than portfolio investors regarding projects, which enables them to manage projects more efficientl ...
Can the capital gains to land be included in "savin
... by assuming that the q ratio of unlisted firms is equal to that of listed firms. The Economic Planning Agency imputes the value of land held by the household sector using the National Land Agency's "Posted Land Values" (Koii-Chika^ . It is estimated that in recent years, the Koii-Chika is about 70 p ...
... by assuming that the q ratio of unlisted firms is equal to that of listed firms. The Economic Planning Agency imputes the value of land held by the household sector using the National Land Agency's "Posted Land Values" (Koii-Chika^ . It is estimated that in recent years, the Koii-Chika is about 70 p ...
optionality
... We find the two NPV are different The DTA approach is incorrect because it uses the discount rate k, which is calculated from the payoffs without any optionality. This discount rate is too large, given the lower riskiness of outcomes with the abandonment option The risk neutral approach gives the co ...
... We find the two NPV are different The DTA approach is incorrect because it uses the discount rate k, which is calculated from the payoffs without any optionality. This discount rate is too large, given the lower riskiness of outcomes with the abandonment option The risk neutral approach gives the co ...
Global leader in eyewear
... integrate recently acquired businesses as well as other political, economic and technological factors and other risks referred to in Luxottica Group’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof and Luxottica Group does no ...
... integrate recently acquired businesses as well as other political, economic and technological factors and other risks referred to in Luxottica Group’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof and Luxottica Group does no ...
DOC - Douglas Dynamics Investor Relations
... We have audited the accompanying statements of net assets available for benefits of Douglas Dynamics, LLC 401(k) Plan (the Plan) as of December 31, 2013 and 2012, and the related statement of changes in net assets available for benefits for the year ended December 31, 2013. These financial statement ...
... We have audited the accompanying statements of net assets available for benefits of Douglas Dynamics, LLC 401(k) Plan (the Plan) as of December 31, 2013 and 2012, and the related statement of changes in net assets available for benefits for the year ended December 31, 2013. These financial statement ...
Capital Formation Agenda - Small Business Investor Alliance
... “Over the past five years, SBICs have invested over $13.5 billion in small businesses nationwide. This simple bipartisan fix will enable SBICs to invest billions more in capital to small businesses in the next few years alone.” Steve Hobman, NewSpring Capital, an SBIC based in Philadelphia, PA Steve ...
... “Over the past five years, SBICs have invested over $13.5 billion in small businesses nationwide. This simple bipartisan fix will enable SBICs to invest billions more in capital to small businesses in the next few years alone.” Steve Hobman, NewSpring Capital, an SBIC based in Philadelphia, PA Steve ...
vtg ag quarterly statement q1/2016
... actual results differ substantially from the expected ones. The potential reasons for such differences include market fluctuations, the development of world market commodity prices, the development of exchange rates or fundamental changes in the economic environment. VTG neither intends to nor assum ...
... actual results differ substantially from the expected ones. The potential reasons for such differences include market fluctuations, the development of world market commodity prices, the development of exchange rates or fundamental changes in the economic environment. VTG neither intends to nor assum ...
Financial Liberalization and Emerging Stock Market Volatility
... tural changes as given, and then proceed to analyze the behavior of volatility pre and post-change. Aggarwal et al. (1999) follow a different route and, instead of specifying a priori the dates of the breaks, they detect shifts in volatility from the data by using an iterated cumulative sum of squar ...
... tural changes as given, and then proceed to analyze the behavior of volatility pre and post-change. Aggarwal et al. (1999) follow a different route and, instead of specifying a priori the dates of the breaks, they detect shifts in volatility from the data by using an iterated cumulative sum of squar ...
Chapter 11
... information regarding the return and risk prospects of individual securities globally? It depends on the type of barriers. For example, in Novo’s case the barriers were mainly lack of interest by international investors because the Danish equity market was too small, segmented, and illiquid. However ...
... information regarding the return and risk prospects of individual securities globally? It depends on the type of barriers. For example, in Novo’s case the barriers were mainly lack of interest by international investors because the Danish equity market was too small, segmented, and illiquid. However ...
1 VALUING PRIVATE FIRMS So far in this book, we
... whereas if we choose to value the firm, we discount cashflows at the cost of capital. While the fundamental definitions of these costs have not changed, the process of estimating them may have to be changed given the special circumstances surrounding private firms. Cost of Equity In assessing the co ...
... whereas if we choose to value the firm, we discount cashflows at the cost of capital. While the fundamental definitions of these costs have not changed, the process of estimating them may have to be changed given the special circumstances surrounding private firms. Cost of Equity In assessing the co ...
Bubbles, Crashes, and Endogenous Expectations in Experimental
... be uncertain as to the behavior of others with the same information. Operationally, then, in testing market efficiency or rational expectations in multiperiod asset environments, the important issue is whether through learning within and across (experimental or natural) markets agents will come to " ...
... be uncertain as to the behavior of others with the same information. Operationally, then, in testing market efficiency or rational expectations in multiperiod asset environments, the important issue is whether through learning within and across (experimental or natural) markets agents will come to " ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... offering of voting common stock or non-voting common stock but is one in which no one transferee (or group of associated transferees) acquires the rights to receive 2% or more of any class of the voting securities of the Company then outstanding (including pursuant to a related series of transfers); ...
... offering of voting common stock or non-voting common stock but is one in which no one transferee (or group of associated transferees) acquires the rights to receive 2% or more of any class of the voting securities of the Company then outstanding (including pursuant to a related series of transfers); ...
SPDR® Bloomberg Barclays Short Term High Yield
... received by the Fund may decline. Changes in interest rates will likely have a greater effect on the values of debt securities of longer durations. Returns on investments in debt securities could trail the returns on other investment options, including investments in equity securities. Derivatives R ...
... received by the Fund may decline. Changes in interest rates will likely have a greater effect on the values of debt securities of longer durations. Returns on investments in debt securities could trail the returns on other investment options, including investments in equity securities. Derivatives R ...
Marginal leverage ratio as a monitoring tool of
... The leverage can be defined as a relative measure of debt. In principle, this can be done by a ratio combining any two variable from debt, total assets and equity. However, not all such ratios are equaly valid. Effects like wrong framing and denominator neglect indicate that what we are trying to me ...
... The leverage can be defined as a relative measure of debt. In principle, this can be done by a ratio combining any two variable from debt, total assets and equity. However, not all such ratios are equaly valid. Effects like wrong framing and denominator neglect indicate that what we are trying to me ...
More Money on the Table: A Study of Potential Profit Increasing
... will determine which sporting event offers the largest return on commercial investment (ROCI) for a set number of companies. The data is collected from the years 2009 to 2013 and will primarily focus on each events advertising costs to companies and other important factors that affect ROCI. The anal ...
... will determine which sporting event offers the largest return on commercial investment (ROCI) for a set number of companies. The data is collected from the years 2009 to 2013 and will primarily focus on each events advertising costs to companies and other important factors that affect ROCI. The anal ...
Denmark in Europe – 30 Paths to a Better Single Market
... the key focal areas in the growth policy in Europe. It is a bumpy road to economic recovery in Europe. It is therefore of the utmost importance to maintain a focus on enhancing the conditions for growth. It is a prerequisite for bringing Europe out of the crisis and creating new jobs. Recent years h ...
... the key focal areas in the growth policy in Europe. It is a bumpy road to economic recovery in Europe. It is therefore of the utmost importance to maintain a focus on enhancing the conditions for growth. It is a prerequisite for bringing Europe out of the crisis and creating new jobs. Recent years h ...
UnitedHealth Group Third Quarter 2015 Form 10-Q
... Preferred stock, $0.001 par value — 10 shares authorized; no shares issued or outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Common stock, $0.01 par value — 3,000 shares authorized; 953 and 954 issued and outstanding . . . . . . . ...
... Preferred stock, $0.001 par value — 10 shares authorized; no shares issued or outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Common stock, $0.01 par value — 3,000 shares authorized; 953 and 954 issued and outstanding . . . . . . . ...
GLOSSARY OF COLLEGE STORE OPERATIONS TERMS
... The number of times during a period that a store sells its inventory and replaces. The ratio of net sales per year to average inventory in retail dollars. ...
... The number of times during a period that a store sells its inventory and replaces. The ratio of net sales per year to average inventory in retail dollars. ...
Small Pelagic Fishery Harvest Strategy
... A tiered HS framework is appropriate for the SPF because it will accommodate growth of the fishery and the consequent collection of additional information to support stock assessment. Underpinning the tiered approach is the need to balance risk with knowledge by establishing exploitation rates that ...
... A tiered HS framework is appropriate for the SPF because it will accommodate growth of the fishery and the consequent collection of additional information to support stock assessment. Underpinning the tiered approach is the need to balance risk with knowledge by establishing exploitation rates that ...
World Selection® Portfolio Growth Portfolio
... The performance data of the HSBC World Selection Portfolio service model portfolios (“Portfolios”) is provided for information purposes only. Performance information is based on the performance of our standard Portfolios and not on a composite of actual client accounts. Past performance of the Portf ...
... The performance data of the HSBC World Selection Portfolio service model portfolios (“Portfolios”) is provided for information purposes only. Performance information is based on the performance of our standard Portfolios and not on a composite of actual client accounts. Past performance of the Portf ...
Political Cycles and Stock Returns
... sufficient variation. We also consider a specification that links risk aversion to the state of the economy, so that risk aversion is high when the economy is weak but low when it is strong. Political cycles then arise naturally. When the economy does well, risk aversion declines, helping the low-ta ...
... sufficient variation. We also consider a specification that links risk aversion to the state of the economy, so that risk aversion is high when the economy is weak but low when it is strong. Political cycles then arise naturally. When the economy does well, risk aversion declines, helping the low-ta ...