Weak-form Market Efficiency of Shanghai Stock Exchange: An
... significant profits indicating that serial correlations exist in the stock returns. Furthermore, using an autocorrelation function, the returns of the industry portfolios are found to be negatively auto-correlated. The evidence also does not support the weak-form EMH in SSE. ...
... significant profits indicating that serial correlations exist in the stock returns. Furthermore, using an autocorrelation function, the returns of the industry portfolios are found to be negatively auto-correlated. The evidence also does not support the weak-form EMH in SSE. ...
Global Financial Markets and Instruments
... After the Second War and the IMF par value system came into existence, we became part of the new world system. Countries had exchange control and various sorts of trade restrictions. It was after the Seventies that gradually a scheme of flexible exchange rates came into existence among leading devel ...
... After the Second War and the IMF par value system came into existence, we became part of the new world system. Countries had exchange control and various sorts of trade restrictions. It was after the Seventies that gradually a scheme of flexible exchange rates came into existence among leading devel ...
2009 Annual Report - Berkshire Hathaway Inc.
... business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, services and retailing. Included in the group of subsidiaries that underwrite property and casualty insurance and reinsurance is GEICO, the third ...
... business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, services and retailing. Included in the group of subsidiaries that underwrite property and casualty insurance and reinsurance is GEICO, the third ...
A Theory of Banks, Bonds, and the Distribution of Firm Size
... output. Notably, this increase in labor costs diminishes the profits of the largest firms, including some of the mid-sized firms that switch to bank financing. Further, despite the switching of some firms from bond issues to bank credit when bank monitoring costs fall, the increase in the relative ...
... output. Notably, this increase in labor costs diminishes the profits of the largest firms, including some of the mid-sized firms that switch to bank financing. Further, despite the switching of some firms from bond issues to bank credit when bank monitoring costs fall, the increase in the relative ...
Sharia principles, Operational mechanism and
... Micro finance has been defined As “ the provision of financial services to lowincome people” the definition has two important aspects - provision of financial services and; - low income people. The target group has always been the low income people, commonly referred to as the un-bankable who tradit ...
... Micro finance has been defined As “ the provision of financial services to lowincome people” the definition has two important aspects - provision of financial services and; - low income people. The target group has always been the low income people, commonly referred to as the un-bankable who tradit ...
Chapter 8 Money, Inflation, Growth, and Cycles
... goods, or a promise of future payment of one of these) in order to obtain goods, the equal-value-exchange mechanism assures that no one consumes more goods than the amount to which her production (or income) entitles her. In other words, the process of equal-value exchange assures that each agent re ...
... goods, or a promise of future payment of one of these) in order to obtain goods, the equal-value-exchange mechanism assures that no one consumes more goods than the amount to which her production (or income) entitles her. In other words, the process of equal-value exchange assures that each agent re ...
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
... with generally accepted accounting principles has been condensed or omitted. The accompanying consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 1997 (the "1997 Annual Report"). The extraordinary item, stated ...
... with generally accepted accounting principles has been condensed or omitted. The accompanying consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 1997 (the "1997 Annual Report"). The extraordinary item, stated ...
Systemic Contingent Claims Analysis -- Estimating Market
... Technical elements of this model have been applied within the stress testing exercise of the Financial Sector Assessment Program (FSAP) for Germany, Spain, Sweden, the United Kingdom, and the United States between 2010 and 2012, the Global Financial Stability Report (IMF, 2009a and 2009b), as well a ...
... Technical elements of this model have been applied within the stress testing exercise of the Financial Sector Assessment Program (FSAP) for Germany, Spain, Sweden, the United Kingdom, and the United States between 2010 and 2012, the Global Financial Stability Report (IMF, 2009a and 2009b), as well a ...
ar 2005
... their businesses as well as buying back shares. This also suggests platforms necessary to support Investment and Distribution in that the high levels of merger and acquisition activity we saw last delivering all aspects of the client proposition, while overseeing year will continue – a trend which h ...
... their businesses as well as buying back shares. This also suggests platforms necessary to support Investment and Distribution in that the high levels of merger and acquisition activity we saw last delivering all aspects of the client proposition, while overseeing year will continue – a trend which h ...
Jeopardy - rooseveltbusinessweeks
... $400 Question from True/False Most banks charge a fee for each check written on a regular checking account—True or False. ...
... $400 Question from True/False Most banks charge a fee for each check written on a regular checking account—True or False. ...
Long-Run Stock Returns: Participating in the
... of GDP). The factors include inflation, EPS, dividends per share, P/E, the dividend-payout ratio, book value per share, return on equity, and GDP per capita.6 We first decomposed historical equity returns into various sets of components based on six methods. Then, we used each method to examine each ...
... of GDP). The factors include inflation, EPS, dividends per share, P/E, the dividend-payout ratio, book value per share, return on equity, and GDP per capita.6 We first decomposed historical equity returns into various sets of components based on six methods. Then, we used each method to examine each ...
StrongPCMP4e-ch11
... A bond with an 8% coupon rate pays interest on June 1 and December 1. The bond currently sells for $920. What is the total purchase price, including accrued interest, that the buyer of the bond must pay if he purchases the bond on August 10? ...
... A bond with an 8% coupon rate pays interest on June 1 and December 1. The bond currently sells for $920. What is the total purchase price, including accrued interest, that the buyer of the bond must pay if he purchases the bond on August 10? ...
十四 Asset Valuation: Debt Investments: Basic Concepts
... Nonrefundable bonds usually have certain restrictions placed on them even if they are callable. If the issuer raises funds in the capital market at a lower interest rate and pays off the existing higher-rate bonds by exercising its right to call the bonds, this is known as “refunding.” Some indentur ...
... Nonrefundable bonds usually have certain restrictions placed on them even if they are callable. If the issuer raises funds in the capital market at a lower interest rate and pays off the existing higher-rate bonds by exercising its right to call the bonds, this is known as “refunding.” Some indentur ...
ASPEN INSURANCE HOLDINGS LTD (Form: 8-K
... growth in diluted book value per share. Our Insurance teams are successfully executing our global products line strategy and delivered growth in targeted lines of business. At the same time, we continued to pull back from areas where we do not feel returns are adequate or are historically more volat ...
... growth in diluted book value per share. Our Insurance teams are successfully executing our global products line strategy and delivered growth in targeted lines of business. At the same time, we continued to pull back from areas where we do not feel returns are adequate or are historically more volat ...
Form 10-Q - Vanguard Natural Resources LLC
... required by U.S. generally accepted accounting principles (“GAAP”). You should read this Quarterly Report on Form 10-Q along with our 2008 Annual Report on Form 10-K, which contains a summary of our significant accounting policies and other disclosures. In our opinion, we have made all adjustments w ...
... required by U.S. generally accepted accounting principles (“GAAP”). You should read this Quarterly Report on Form 10-Q along with our 2008 Annual Report on Form 10-K, which contains a summary of our significant accounting policies and other disclosures. In our opinion, we have made all adjustments w ...
Country Spreads and Emerging Countries: Who Drives Whom?
... spreads, the world interest rate, and business cycles in emerging countries. We do so using a methodology that combines empirical and theoretical analysis. We begin by estimating a VAR system that includes measures of the world interest rate, the country interest rate, and a number of domestic macro ...
... spreads, the world interest rate, and business cycles in emerging countries. We do so using a methodology that combines empirical and theoretical analysis. We begin by estimating a VAR system that includes measures of the world interest rate, the country interest rate, and a number of domestic macro ...
New Zealand: Financial Sector Assessment Program
... The proposed reforms to the regulatory and oversight framework for Financial Market Infrastructures (FMIs) will get New Zealand broadly on par with international standards. The proposed regime will provide the authorities with the legal basis for the oversight of systemically important FMIs, and wit ...
... The proposed reforms to the regulatory and oversight framework for Financial Market Infrastructures (FMIs) will get New Zealand broadly on par with international standards. The proposed regime will provide the authorities with the legal basis for the oversight of systemically important FMIs, and wit ...
summary note
... This summary is being provided to convey the essential characteristics and risks associated with the Issuer and the securities being offered pursuant to this document. This part is merely a summary and therefore should only be read as an introduction to the Prospectus. It is not and does not purport ...
... This summary is being provided to convey the essential characteristics and risks associated with the Issuer and the securities being offered pursuant to this document. This part is merely a summary and therefore should only be read as an introduction to the Prospectus. It is not and does not purport ...
Bank`s financial market operations and liquidity
... The LVTS is a closed system, which means that the net overall cash position of the entire system should generally be zero. Hence, any LVTS participant with a deficit position knows that there is at least one participant in the system with an offsetting surplus position, and is therefore a potential ...
... The LVTS is a closed system, which means that the net overall cash position of the entire system should generally be zero. Hence, any LVTS participant with a deficit position knows that there is at least one participant in the system with an offsetting surplus position, and is therefore a potential ...
An Empirical Analysis of the Profitability of Technical Analysis
... patterns, trends, reversals or any other clues as to forecasting future asset price movements. The purpose is to time market positions using predefined technical trading strategies and thereby outperform a passive strategy. Although the usefulness of TA has been, and still is, widely contested by ma ...
... patterns, trends, reversals or any other clues as to forecasting future asset price movements. The purpose is to time market positions using predefined technical trading strategies and thereby outperform a passive strategy. Although the usefulness of TA has been, and still is, widely contested by ma ...
Valuation - Ohio University College of Business
... This is a site of the Edinburgh Business School. I have also included one in Appendix 1. So if you wanted to find the present value of $100, in one year, 10% interest, you go to the 10% column, go to row 1 (for one year) and you find the value .909. You multiply that number times the future value yo ...
... This is a site of the Edinburgh Business School. I have also included one in Appendix 1. So if you wanted to find the present value of $100, in one year, 10% interest, you go to the 10% column, go to row 1 (for one year) and you find the value .909. You multiply that number times the future value yo ...
SHAREHOLDERS` EQUITY
... • If a firm had 500,000 shares of $2.00 par value common stock outstanding when the market price was $100 per share, then the following will happen when the firm declares a 2-for-1 stock ...
... • If a firm had 500,000 shares of $2.00 par value common stock outstanding when the market price was $100 per share, then the following will happen when the firm declares a 2-for-1 stock ...
US Local Government General Obligation Debt
... taxes are historically more stable through economic cycles than sales taxes, income taxes, or other local government revenues. Even during depressed real estate cycles such as the US housing downturn over the last several years, property taxes have remained generally stable. One reason for this is t ...
... taxes are historically more stable through economic cycles than sales taxes, income taxes, or other local government revenues. Even during depressed real estate cycles such as the US housing downturn over the last several years, property taxes have remained generally stable. One reason for this is 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.