Macroeconomics – Austrians vs. Keynesians
... made the argument that if we can manage demand, we can manage the economy. The principles of economics do not change and so Austrians and Keynesians speak the same language, but these two schools of thought differ on how to apply the principles to economic events. This book presents the principles o ...
... made the argument that if we can manage demand, we can manage the economy. The principles of economics do not change and so Austrians and Keynesians speak the same language, but these two schools of thought differ on how to apply the principles to economic events. This book presents the principles o ...
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... discusses the limitations of the model. The conclusion is presented in Section 7. 2. Corporate governance: the issues and the role of the board 2.1 The issues Agents or managers may not always act in the best interest of shareholders when the control of a company is separate from its ownership. In J ...
... discusses the limitations of the model. The conclusion is presented in Section 7. 2. Corporate governance: the issues and the role of the board 2.1 The issues Agents or managers may not always act in the best interest of shareholders when the control of a company is separate from its ownership. In J ...
the macerich company - corporate
... In September Macerich officially opened the expanded Broadway Plaza in San Francisco's upscale East Bay. The major redevelopment of this iconic open-air center added 235,000 square feet of mall shop space as well as new parking structures and a new slate of shopper amenities. New tenants include Arh ...
... In September Macerich officially opened the expanded Broadway Plaza in San Francisco's upscale East Bay. The major redevelopment of this iconic open-air center added 235,000 square feet of mall shop space as well as new parking structures and a new slate of shopper amenities. New tenants include Arh ...
TVN plc – the meaning behind the IPO
... standing worse, servicing costs higher… but the option value jumps (as it is based on difference in interest when redeeming early in comparison to redemption as scheduled). And, above all, point 2 is important – the issuer has to have money for early redemption. ...
... standing worse, servicing costs higher… but the option value jumps (as it is based on difference in interest when redeeming early in comparison to redemption as scheduled). And, above all, point 2 is important – the issuer has to have money for early redemption. ...
Mitigating Systemic Risk - A Role for Securities Regulators
... This paper is intended to provide guidance rather than a set of requirements. Thus, a general theme running throughout is that each IOSCO member will need to determine its own response in relation to its mandate and domestic regulatory structure as well as the relative size and characteristics of it ...
... This paper is intended to provide guidance rather than a set of requirements. Thus, a general theme running throughout is that each IOSCO member will need to determine its own response in relation to its mandate and domestic regulatory structure as well as the relative size and characteristics of it ...
Annual Report
... integrate our energy and multimedia products so as to make life easier for the DELTAcustomers. Position To successfully operate as a business, it is important that DELTA has its financial house in order. In the past few years, we have laid a solid foundation to withstand the headwinds affecting the ...
... integrate our energy and multimedia products so as to make life easier for the DELTAcustomers. Position To successfully operate as a business, it is important that DELTA has its financial house in order. In the past few years, we have laid a solid foundation to withstand the headwinds affecting the ...
Assessing payments systems in Latin America
... precious objects gave way to paper money backed by gold at the beginning in the 17th century. Continued evolution during the 20th century ushered in the present system where paper currency and bank account deposits are money because they are backed by governments. In the context of this history, “pl ...
... precious objects gave way to paper money backed by gold at the beginning in the 17th century. Continued evolution during the 20th century ushered in the present system where paper currency and bank account deposits are money because they are backed by governments. In the context of this history, “pl ...
THE GLOBALIZATION PARADOX, by Dani Rodrik
... interests since it is the big boys that make the rules. A motley collection of anarchists, environmentalists, union interests, and progressives have also occasionally made common cause in their opposition to globalization for obvious reasons. But the real big news in recent years is that the rich co ...
... interests since it is the big boys that make the rules. A motley collection of anarchists, environmentalists, union interests, and progressives have also occasionally made common cause in their opposition to globalization for obvious reasons. But the real big news in recent years is that the rich co ...
VITA08 Hughes Rev 2 - DU Portfolio
... Solórzano. 2014. Strengthening Governance Globally. Volume 5 in series on Patterns of Potential Human Progress. Boulder, Denver, and New Delhi: Paradigm Publishers, the Frederick S. Pardee Center for International Futures, and Oxford University Press-India. Edited Volumes, Other Monographs, and Comp ...
... Solórzano. 2014. Strengthening Governance Globally. Volume 5 in series on Patterns of Potential Human Progress. Boulder, Denver, and New Delhi: Paradigm Publishers, the Frederick S. Pardee Center for International Futures, and Oxford University Press-India. Edited Volumes, Other Monographs, and Comp ...
Corporate capital structure choice: does
... investments and borrowings. Furthermore, if the share of females in management is high, the firm can be more likely to hold less risky capital. The riskiness of the manager’s decisions could be reflected by the amount of capital borrowed. Obviously, borrowings are not always bad as they may increase ...
... investments and borrowings. Furthermore, if the share of females in management is high, the firm can be more likely to hold less risky capital. The riskiness of the manager’s decisions could be reflected by the amount of capital borrowed. Obviously, borrowings are not always bad as they may increase ...
Some Indicators of a Firm`s Risk and Debt Capacity
... Consequently, the ratio of the percentage change in EPS to the percentage change in sales is 2.86. A 100 percent increase in sales would result in a 100(2.86) = 286 percent increase in EPS. The greater the firm's combined leverage, the greater the increase or decrease in EPS as sales increase or de ...
... Consequently, the ratio of the percentage change in EPS to the percentage change in sales is 2.86. A 100 percent increase in sales would result in a 100(2.86) = 286 percent increase in EPS. The greater the firm's combined leverage, the greater the increase or decrease in EPS as sales increase or de ...
Insurance market report 2015
... claims by third parties. Furthermore, in the case of investments in tied assets, there are strict rules with respect to permitted asset classes as well as risk diversification and risk management. The provisions that apply to the cover ratio called for a target amount that on average was seven perce ...
... claims by third parties. Furthermore, in the case of investments in tied assets, there are strict rules with respect to permitted asset classes as well as risk diversification and risk management. The provisions that apply to the cover ratio called for a target amount that on average was seven perce ...
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... significant effects on real-life takeover activity. A December 22, 2005 Wall Street Journal article claims that this has been a major problem in the U.S. banking industry: “takeover potential raises [the] value of small financial institutions, making them harder to acquire.” This may have led to seve ...
... significant effects on real-life takeover activity. A December 22, 2005 Wall Street Journal article claims that this has been a major problem in the U.S. banking industry: “takeover potential raises [the] value of small financial institutions, making them harder to acquire.” This may have led to seve ...
DETERMINANTS OF THE DEMAND FOR LIFE INSURANCE
... unique state insurance company) and the rapid devaluation of people’s life insurance savings, ...
... unique state insurance company) and the rapid devaluation of people’s life insurance savings, ...
Emerging Countries Sovereign Rating Adjustment using Market
... differentiate different families, as for sure Morroco and China do not have the same profile despite the fact that they are both emerging countries. The seven largest emerging economies according to nominal gross domestic product (GDP) are Brazil, Russia, India, China (the BRICs), Mexico, Indonesia, ...
... differentiate different families, as for sure Morroco and China do not have the same profile despite the fact that they are both emerging countries. The seven largest emerging economies according to nominal gross domestic product (GDP) are Brazil, Russia, India, China (the BRICs), Mexico, Indonesia, ...
Why is long-horizon equity less risky? A duration-based
... Wang, and Xia (2004) and Brennan and Xia (2006) and is closely related to essentially affine term structure models (Dai and Singleton (2003), Duffee (2002)). As Brennan et al. show, their model for the stochastic discount factor implies that claims to single dividend payments are exponential-affine ...
... Wang, and Xia (2004) and Brennan and Xia (2006) and is closely related to essentially affine term structure models (Dai and Singleton (2003), Duffee (2002)). As Brennan et al. show, their model for the stochastic discount factor implies that claims to single dividend payments are exponential-affine ...
research paper series Research Paper 2006/34
... domestic counterparts, affiliates of multinational firms are able to expand output after severe depreciations when both growth opportunities and financial constraints arise. Finally, focusing on Indonesia, Blalock et al. (2004) show that following the 1997 East Asian financial crisis which led to a ...
... domestic counterparts, affiliates of multinational firms are able to expand output after severe depreciations when both growth opportunities and financial constraints arise. Finally, focusing on Indonesia, Blalock et al. (2004) show that following the 1997 East Asian financial crisis which led to a ...
Managerial Accounting, Canadian Edition
... resale. The author and the publisher assume no responsibility for errors, omissions, or damages caused by the use of these programs or from the use of the information contained herein. ...
... resale. The author and the publisher assume no responsibility for errors, omissions, or damages caused by the use of these programs or from the use of the information contained herein. ...
Ownership Structure and Performance of the Listed Tunisian
... the presence of the majority shareholders on performance (Berles and Means (1932), Shleifer and Vishny (1986)), while other studies concluded that there is no relationship between ownership concentration and performance (Holderness and Sheehan (1988)). Investors play an important role in corporate g ...
... the presence of the majority shareholders on performance (Berles and Means (1932), Shleifer and Vishny (1986)), while other studies concluded that there is no relationship between ownership concentration and performance (Holderness and Sheehan (1988)). Investors play an important role in corporate g ...
Partisan Discrimination in Credit Ratings in Developed Economies
... In our quantitative analysis, we test for the presence of partisan bias in the ratings of each of the big three agencies as well as the market’s pricing of sovereign risk in order to gauge the extent to which different market actors employ partisan discrimination. We find that CRAs discriminate agai ...
... In our quantitative analysis, we test for the presence of partisan bias in the ratings of each of the big three agencies as well as the market’s pricing of sovereign risk in order to gauge the extent to which different market actors employ partisan discrimination. We find that CRAs discriminate agai ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.