Evidence from when-issued transactions
... about the aggressiveness of bidding (see, e.g., Sirri, 1993). lnterdealer trades are unlikely to convey all information about the aggregate short position in the market as the bidding time approaches. Sundaresan (1992) suggests that the introduction of futures trading on the auctioned security prior ...
... about the aggressiveness of bidding (see, e.g., Sirri, 1993). lnterdealer trades are unlikely to convey all information about the aggregate short position in the market as the bidding time approaches. Sundaresan (1992) suggests that the introduction of futures trading on the auctioned security prior ...
RTF - Vornado Realty Trust
... Investing in retail properties in select under-stored locations such as the New York City metropolitan area Developing and redeveloping our existing properties to increase returns and maximize value ...
... Investing in retail properties in select under-stored locations such as the New York City metropolitan area Developing and redeveloping our existing properties to increase returns and maximize value ...
Annual Report 2006 - Bridgestone Corporation
... uncertainty in the price of these key raw materials, thus creating an environment in which it is difficult to be profitable. The second trend is an increasing polarization of the global tire market. This market has traditionally been divided into three segments: a high-value-added, high-performance ...
... uncertainty in the price of these key raw materials, thus creating an environment in which it is difficult to be profitable. The second trend is an increasing polarization of the global tire market. This market has traditionally been divided into three segments: a high-value-added, high-performance ...
capital budgeting
... involve more uncertainties than replacement decisions, and they should be more carefully considered. 3. New products and services: These investments expose the company to even more uncertainties than expansion projects. These decisions are more complex and will involve more people in the decision-ma ...
... involve more uncertainties than replacement decisions, and they should be more carefully considered. 3. New products and services: These investments expose the company to even more uncertainties than expansion projects. These decisions are more complex and will involve more people in the decision-ma ...
Technical Analysis
... review, Irwin and Park[7] reported that 56 of 95 modern studies found it produces positive results, but noted that many of the positive results were rendered dubious by issues such as data snooping so that the evidence in support of technical analysis was inconclusive; it is still considered by many ...
... review, Irwin and Park[7] reported that 56 of 95 modern studies found it produces positive results, but noted that many of the positive results were rendered dubious by issues such as data snooping so that the evidence in support of technical analysis was inconclusive; it is still considered by many ...
Dividend Portfolio Strategy
... range, so if dividends are increasing each year, the only way to keep a consistent yield is for the price of the stock to go ...
... range, so if dividends are increasing each year, the only way to keep a consistent yield is for the price of the stock to go ...
Neonode, Inc - EDGAR Online
... as “believe,” “anticipate,” “expect,” “intend,” “goal,” “plan” and similar expressions. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect our future plans of operation, business strategy, results of operations and fi ...
... as “believe,” “anticipate,” “expect,” “intend,” “goal,” “plan” and similar expressions. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions and financial trends that may affect our future plans of operation, business strategy, results of operations and fi ...
Debt Specialization - Bocconi University
... Much attention has been devoted to the questions of why firms choose to issue debt over equity, and how optimal capital structure is designed to minimize a firm’s cost of financing (see the survey by Graham and Leary (2011) of the voluminous literature on capital structure). In this paper, we focus ...
... Much attention has been devoted to the questions of why firms choose to issue debt over equity, and how optimal capital structure is designed to minimize a firm’s cost of financing (see the survey by Graham and Leary (2011) of the voluminous literature on capital structure). In this paper, we focus ...
Debt Maturity and the Dynamics of Leverage
... refinance expiring debt? What is the optimal debt maturity structure given its implications for dynamic capital structure adjustments and which firms are most likely to issue shortterm debt? We address these questions in a framework that does not rely on information asymmetries or agency conflicts. ...
... refinance expiring debt? What is the optimal debt maturity structure given its implications for dynamic capital structure adjustments and which firms are most likely to issue shortterm debt? We address these questions in a framework that does not rely on information asymmetries or agency conflicts. ...
Great moderation at the firm level? Unconditional versus
... Reproduction permitted only if source is stated. ISBN 978-3–86558–435–9 (Printversion) ISBN 978-3–86558–436–6 (Internetversion) ...
... Reproduction permitted only if source is stated. ISBN 978-3–86558–435–9 (Printversion) ISBN 978-3–86558–436–6 (Internetversion) ...
Debt Refinancing and Equity Returns
... controlling for the immediacy of debt refinancing. In the model, the firm optimizes its capital structure by jointly choosing the amount of debt as well as the maturity structure of debt. The firm has to refinance debt according to its maturity structure and shareholders commit to cover potential sh ...
... controlling for the immediacy of debt refinancing. In the model, the firm optimizes its capital structure by jointly choosing the amount of debt as well as the maturity structure of debt. The firm has to refinance debt according to its maturity structure and shareholders commit to cover potential sh ...
The information content of share repurchases
... Financial Services Authority (FSA) moved to a competitive model for company announcements. The CAO now refers to primary information provider services (PIP services) approved by the FSA to distribute regulatory announcements. The RNS is one of the PIP services. ...
... Financial Services Authority (FSA) moved to a competitive model for company announcements. The CAO now refers to primary information provider services (PIP services) approved by the FSA to distribute regulatory announcements. The RNS is one of the PIP services. ...
BANKING SECTOR IN SERBIA Third Quarter Report 2016
... The downward trend in banking employment in Serbia extended into the third quarter of 2016. Employment fell by a total of 107 persons, as 11 banks hired 115 new people, while 16 banks downsized their employment by 222. Given that five banks scaled down their networks by closing down 13 organisationa ...
... The downward trend in banking employment in Serbia extended into the third quarter of 2016. Employment fell by a total of 107 persons, as 11 banks hired 115 new people, while 16 banks downsized their employment by 222. Given that five banks scaled down their networks by closing down 13 organisationa ...
An Employment- Targeted Economic Program for Kenya
... University of Massachusetts-Amherst. James Heintz is Associate Professor and Associate Director of PERI, University of Massachusetts-Amherst. ...
... University of Massachusetts-Amherst. James Heintz is Associate Professor and Associate Director of PERI, University of Massachusetts-Amherst. ...
5 Prior research about earning management and joint audits
... Defond and Park model (2001) is used in a linear regression. Furthermore, the sample of 158 firms years from French and Dutch listed firm during a period of 2006 till 2008 is subdivided in income-increasing and incomedecreasing accruals. From this research can be concluded that the use of earnings m ...
... Defond and Park model (2001) is used in a linear regression. Furthermore, the sample of 158 firms years from French and Dutch listed firm during a period of 2006 till 2008 is subdivided in income-increasing and incomedecreasing accruals. From this research can be concluded that the use of earnings m ...
& PURPOSES FUNCTIONS The Federal Reserve System
... systemic risk that may arise in financial markets • providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system Most developed countries have a central bank whose functions ...
... systemic risk that may arise in financial markets • providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system Most developed countries have a central bank whose functions ...
here
... proposed “Roadmap” for a possible path to a single set of globally accepted accounting standards.1 The Proposed Roadmap generated significant interest and thoughtful comment from investors, issuers, accounting firms, regulators, and others regarding factors that the Commission should consider as it ...
... proposed “Roadmap” for a possible path to a single set of globally accepted accounting standards.1 The Proposed Roadmap generated significant interest and thoughtful comment from investors, issuers, accounting firms, regulators, and others regarding factors that the Commission should consider as it ...
capitalization rate, mortgage interest rate and
... (2.2). Cap rate and mortgage interest rate are responsible for the demand of mortgages as a source of investment. Demand for mortgages used to refinance can also be attributed to the change of cap rate and mortgage interest rate. Lower mortgage interest rate makes refinancing possible. Meanwhile, fo ...
... (2.2). Cap rate and mortgage interest rate are responsible for the demand of mortgages as a source of investment. Demand for mortgages used to refinance can also be attributed to the change of cap rate and mortgage interest rate. Lower mortgage interest rate makes refinancing possible. Meanwhile, fo ...
Our Annual Report
... and our clients’ needs, we continue to tighten the links among our different businesses and geographies. Effective corporate governance and enterprise risk management, plus our shared values of client service, teamwork and the highest ethical standards, shape all these priorities. ...
... and our clients’ needs, we continue to tighten the links among our different businesses and geographies. Effective corporate governance and enterprise risk management, plus our shared values of client service, teamwork and the highest ethical standards, shape all these priorities. ...
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.