Subjective Measures of Risk Aversion, Fixed Costs, and
... individuals with respect to their risk aversion without having to assume a particular functional form for the utility function. In the Barsky et al. (1997) experiment, questions are posed to all respondents in the Health and Retirement Study, consisting of individuals aged over 50. Arrondel and Cal ...
... individuals with respect to their risk aversion without having to assume a particular functional form for the utility function. In the Barsky et al. (1997) experiment, questions are posed to all respondents in the Health and Retirement Study, consisting of individuals aged over 50. Arrondel and Cal ...
353 KB - Budget.gov.au
... action, the situation in the countries concerned has generally stabilised. There has been a significant recovery in currency and equity markets, although to levels still well below those prevailing before the crisis. The origins of the regional crisis can be traced back to underlying structural weak ...
... action, the situation in the countries concerned has generally stabilised. There has been a significant recovery in currency and equity markets, although to levels still well below those prevailing before the crisis. The origins of the regional crisis can be traced back to underlying structural weak ...
Interim Report Q1 2017
... At the end of March 2017, the Company’s market capitalization was EUR 3,470 million (EUR 3,387 million) excluding the Company’s own shares. With a closing price of EUR 33.35 (EUR 32.63) the share price decreased 5% from the beginning of the year. During the reporting period the volume weighted avera ...
... At the end of March 2017, the Company’s market capitalization was EUR 3,470 million (EUR 3,387 million) excluding the Company’s own shares. With a closing price of EUR 33.35 (EUR 32.63) the share price decreased 5% from the beginning of the year. During the reporting period the volume weighted avera ...
Capital raising in Australia
... The ability of companies to raise equity capital in the virtual absence of alternative debt issuance or bank funding was an important safety valve that enabled many companies to reduce debt exposure and shore up balance sheets. In some markets, most notably the US and UK, governments felt they had n ...
... The ability of companies to raise equity capital in the virtual absence of alternative debt issuance or bank funding was an important safety valve that enabled many companies to reduce debt exposure and shore up balance sheets. In some markets, most notably the US and UK, governments felt they had n ...
Regulatory Capital Disclosures
... management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. When we use the terms “Goldman Sachs,” “the firm,” “we,” “us” and “our,” we mean Group Inc., a ...
... management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. When we use the terms “Goldman Sachs,” “the firm,” “we,” “us” and “our,” we mean Group Inc., a ...
Chapter 1
... Take advantage of changes in the economy and interest rates. Understand personal finance then apply it. ...
... Take advantage of changes in the economy and interest rates. Understand personal finance then apply it. ...
Dividends, Instructor`s Manual
... a. From the stockholders’ point of view, an increase in the personal income tax rate would make it more desirable for a firm to retain and reinvest earnings. Consequently, an increase in personal tax rates should lower the aggregate payout ratio. b. If the depreciation allowances were raised, cash f ...
... a. From the stockholders’ point of view, an increase in the personal income tax rate would make it more desirable for a firm to retain and reinvest earnings. Consequently, an increase in personal tax rates should lower the aggregate payout ratio. b. If the depreciation allowances were raised, cash f ...
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 ...
NTMA Annual Report 2014 - National Treasury Management Agency
... over €18 billion of Ireland’s IMF loan facility using cheaper, longterm market funding generating interest savings in excess of €1.5 billion over the original lifetime of the IMF loans. Strong investor demand also enabled the NTMA to issue Ireland’s first ever 30 year bond in February 2015 in an amo ...
... over €18 billion of Ireland’s IMF loan facility using cheaper, longterm market funding generating interest savings in excess of €1.5 billion over the original lifetime of the IMF loans. Strong investor demand also enabled the NTMA to issue Ireland’s first ever 30 year bond in February 2015 in an amo ...
Sunway Berhad
... distribution only under such circumstances as may be permitted by applicable law. Readers should be fully aware that this report is for information purposes only. The opinions contained in this report are based on information obtained or derived from sources that we believe are reliable. MIDF AMANAH ...
... distribution only under such circumstances as may be permitted by applicable law. Readers should be fully aware that this report is for information purposes only. The opinions contained in this report are based on information obtained or derived from sources that we believe are reliable. MIDF AMANAH ...
UBS Global Real Estate Bubble Index
... In a world in which more than a third of all government bonds offer negative yields, investing in tangible assets remains popular. So it is hardly any wonder that housing markets are again overheating, just a few years after the last major wave of global correction. We see a significant overvaluatio ...
... In a world in which more than a third of all government bonds offer negative yields, investing in tangible assets remains popular. So it is hardly any wonder that housing markets are again overheating, just a few years after the last major wave of global correction. We see a significant overvaluatio ...
Document
... the economy, namely state-owned firms and the sectors that they dominate is not adequately contributing to the recovery. Negative spill-overs from the high level of state involvement in the economy and inefficient corporate governance in state-owned firms distort resource allocation, harm the busine ...
... the economy, namely state-owned firms and the sectors that they dominate is not adequately contributing to the recovery. Negative spill-overs from the high level of state involvement in the economy and inefficient corporate governance in state-owned firms distort resource allocation, harm the busine ...
2014 annual report at the very heart of healthcare. medical
... • Bought a large acute care hospital in Montclair, New Jersey for $115 million; • Backed First Choice Emergency Rooms with a follow-on investment of $150 million in its parent company, Adeptus Health (which went public in May 2014); • Invested $65 million with Alecto Healthcare to purchase two acute ...
... • Bought a large acute care hospital in Montclair, New Jersey for $115 million; • Backed First Choice Emergency Rooms with a follow-on investment of $150 million in its parent company, Adeptus Health (which went public in May 2014); • Invested $65 million with Alecto Healthcare to purchase two acute ...
Filed by Linde AG Pursuant to Rule 425 under the Securities Act of
... Many of your faces are familiar to me from the time when I was sitting a little further right on this podium. I am pleased to be back in this great company and delighted that I have the opportunity today to tell you in person where The Linde Group is now and what we will be focusing on as we look fo ...
... Many of your faces are familiar to me from the time when I was sitting a little further right on this podium. I am pleased to be back in this great company and delighted that I have the opportunity today to tell you in person where The Linde Group is now and what we will be focusing on as we look fo ...
Leverage and Capital Structure
... return and risk. Unlike some causes of risk, management has almost complete control over the risk introduced through the use of leverage. Because of its effect on value, the financial manager must understand how to measure and evaluate leverage, particularly when making capital structure decisions. ...
... return and risk. Unlike some causes of risk, management has almost complete control over the risk introduced through the use of leverage. Because of its effect on value, the financial manager must understand how to measure and evaluate leverage, particularly when making capital structure decisions. ...
NEW STANDARD ENERGY LIMITED SECURITIES TRADING
... been approved by the board. This includes decisions relating to whether or not to take up the entitlements and the sale of entitlements required to provide for the take up of the balance of entitlements under a renounceable pro rata issue; ...
... been approved by the board. This includes decisions relating to whether or not to take up the entitlements and the sale of entitlements required to provide for the take up of the balance of entitlements under a renounceable pro rata issue; ...
A Primer on Bonds Bond Prices and Yields
... (a) duration of 5-year bonds with coupon rates of 12% (paid annually) is 4 years duration of 20-year bonds with coupon rates of 6% (paid annually) is 11 years è how much of each of these coupon bonds (in market value) should you hold to both ...
... (a) duration of 5-year bonds with coupon rates of 12% (paid annually) is 4 years duration of 20-year bonds with coupon rates of 6% (paid annually) is 11 years è how much of each of these coupon bonds (in market value) should you hold to both ...
form 10-k old national bancorp
... On January 1, 2011, unaudited financial statements of Monroe Bancorp showed assets of $808.1 million, which included $509.6 million of loans, $166.4 million of securities and $711.5 million of deposits. The acquisition strengthened our deposit market share in the Bloomington, Indiana market and impr ...
... On January 1, 2011, unaudited financial statements of Monroe Bancorp showed assets of $808.1 million, which included $509.6 million of loans, $166.4 million of securities and $711.5 million of deposits. The acquisition strengthened our deposit market share in the Bloomington, Indiana market and impr ...
The Origins and Severity of the Public Pension Crisis
... corporate profits paid out as dividends over the last two decades, which means that 2010 was not atypical. This implies a dividend yield of 4.0 percent. Corporate profit growth tracks GDP growth reasonably well over the long-term. This means that the projected returns would simply be the sum of the ...
... corporate profits paid out as dividends over the last two decades, which means that 2010 was not atypical. This implies a dividend yield of 4.0 percent. Corporate profit growth tracks GDP growth reasonably well over the long-term. This means that the projected returns would simply be the sum of the ...
Prospective Interest Rate Differential and Currency Returns
... The uncovered interest parity (UIP) hypothesizes that a high interest rate foreign currency is expected to depreciate by the interest rate differential between the foreign and domestic risk free rates. Numerous empirical studies strongly reject the UIP (Fama (1984), Hodrick and Srivastava (1984)) an ...
... The uncovered interest parity (UIP) hypothesizes that a high interest rate foreign currency is expected to depreciate by the interest rate differential between the foreign and domestic risk free rates. Numerous empirical studies strongly reject the UIP (Fama (1984), Hodrick and Srivastava (1984)) an ...
What causes housing bubbles? A theoretical and - LaI FU
... due to the actions of the other group (Black 1986, Brunnermeier 2008, Shleifer and Vishny 1997). Yet, “... most of these models do not address the question of whether monetary policy easing can start a bubble” (Dokko et al. 2011: 264). Interestingly, only few empirical cross-country studies for hous ...
... due to the actions of the other group (Black 1986, Brunnermeier 2008, Shleifer and Vishny 1997). Yet, “... most of these models do not address the question of whether monetary policy easing can start a bubble” (Dokko et al. 2011: 264). Interestingly, only few empirical cross-country studies for hous ...
Institutional Ownership and Credit Spreads: An Information
... Recent literature has examined whether firms attracting more institutional investors on the equity side also tend to have lower cost of debt capital. For example, Ashbaugh, Collins, and LaFond (2006) and Bhojraj and Sengupta (BS, 2003) find the higher the total institutional equity ownership (IO), t ...
... Recent literature has examined whether firms attracting more institutional investors on the equity side also tend to have lower cost of debt capital. For example, Ashbaugh, Collins, and LaFond (2006) and Bhojraj and Sengupta (BS, 2003) find the higher the total institutional equity ownership (IO), t ...
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.