Uncertainty, Asymmetric Information, and Market Failure
... because most people are willing to purchase insurance to avoid major financial losses. The EU model predicts that a risk-averse individual will never purchase a lottery ticket if the price of the lottery ticket is equal to, or greater than, the expected prize. (See Discussion Question 1 at the end o ...
... because most people are willing to purchase insurance to avoid major financial losses. The EU model predicts that a risk-averse individual will never purchase a lottery ticket if the price of the lottery ticket is equal to, or greater than, the expected prize. (See Discussion Question 1 at the end o ...
The Dark Side of Trading - The University of Chicago Booth School
... information. Even more telling in this regard is actually the comparison of the 1940-1970 period with the 1926-1940 period in Figure 1. Note that the 1926-1940 period also represents a prolonged episode of heavy trading, and while its intensity is not as pronounced as in the most recent years, it is ...
... information. Even more telling in this regard is actually the comparison of the 1940-1970 period with the 1926-1940 period in Figure 1. Note that the 1926-1940 period also represents a prolonged episode of heavy trading, and while its intensity is not as pronounced as in the most recent years, it is ...
The relative value relevance of shareholder versus stakeholder
... such as those of employees and local communities by disclosing their CG practices on stakeholders is, therefore, seen as a major way of addressing historical socio-economic inequalities between white and non-white South Africans (King Report, 2002). Further to its unique focus on firms to provide mo ...
... such as those of employees and local communities by disclosing their CG practices on stakeholders is, therefore, seen as a major way of addressing historical socio-economic inequalities between white and non-white South Africans (King Report, 2002). Further to its unique focus on firms to provide mo ...
Bank of England Inflation Report February 2011
... conditioned on the assumption that the stock of purchased assets financed by the issuance of central bank reserves remains at £200 billion throughout the forecast period. To the left of the first vertical dashed line, the distribution reflects the likelihood of revisions to the data over the past; t ...
... conditioned on the assumption that the stock of purchased assets financed by the issuance of central bank reserves remains at £200 billion throughout the forecast period. To the left of the first vertical dashed line, the distribution reflects the likelihood of revisions to the data over the past; t ...
Effect Type Strategy, Investment Opportunity Set In
... Agency theory is the basis of the theory underlying the company's current business practices. Agency theory is a theory that arise because of a conflict of interest between principal and agent. Principal shareholder while the agent as a manager. Principal agent contracted to perform resource managem ...
... Agency theory is the basis of the theory underlying the company's current business practices. Agency theory is a theory that arise because of a conflict of interest between principal and agent. Principal shareholder while the agent as a manager. Principal agent contracted to perform resource managem ...
Second quarter report 2016
... assets and increased capitalized development expenses also contributed to lower expenses. Operating expenses, excluding restructuring charges, were SEK 14.0. (16.1) b. Other operating income and expenses Other operating income and expenses declined YoY due to negative revaluation effects of currency ...
... assets and increased capitalized development expenses also contributed to lower expenses. Operating expenses, excluding restructuring charges, were SEK 14.0. (16.1) b. Other operating income and expenses Other operating income and expenses declined YoY due to negative revaluation effects of currency ...
Monetary policy issues in a low inflation
... making process of central bankers. In this regard, it is useful to think. that the typical monetary policymaker attempts to take the policy decisions which maximise the welfare of society, this being subject to hislher knowledge of the structure of the economy, and in particular of the transmission ...
... making process of central bankers. In this regard, it is useful to think. that the typical monetary policymaker attempts to take the policy decisions which maximise the welfare of society, this being subject to hislher knowledge of the structure of the economy, and in particular of the transmission ...
Financial Distress and Divorce: Evidence from Bankruptcy
... financial policy can affect social outcomes, and in particular, for highlighting the role of credit in marital decisions. The theoretical framework outlines three possible mechanisms through which financial laws may affect divorce rates. First, when exemption levels are large, filing debtors have gr ...
... financial policy can affect social outcomes, and in particular, for highlighting the role of credit in marital decisions. The theoretical framework outlines three possible mechanisms through which financial laws may affect divorce rates. First, when exemption levels are large, filing debtors have gr ...
3.2 Country-Level Factors and Earnings Quality of Cross
... Houqe, 2012; Soderstrom and Sun, 2007). Firms adopting IFRSs have less earnings management, timelier loss recognition, and greater value relevance of earnings (Barth et al., 2008). While these studies documents that financial reporting under IFRSs is likely to result in higher accounting quality com ...
... Houqe, 2012; Soderstrom and Sun, 2007). Firms adopting IFRSs have less earnings management, timelier loss recognition, and greater value relevance of earnings (Barth et al., 2008). While these studies documents that financial reporting under IFRSs is likely to result in higher accounting quality com ...
Financial facts - Great West Life
... Shareholder dividends are paid based on the overall results of the company from all lines of business, including non-participating life insurance and investment products. Participating policyowner dividends are based solely on the experience of Great-West Life’s participating insurance line of busin ...
... Shareholder dividends are paid based on the overall results of the company from all lines of business, including non-participating life insurance and investment products. Participating policyowner dividends are based solely on the experience of Great-West Life’s participating insurance line of busin ...
Chapter 6 - NYU Stern School of Business
... The multi-factor model is easy and inexpensive to estimate for publicly traded firms. However, as in most top-down models, it cannot be used as a diagnostic tool because it does not identify specific risk exposures. More importantly, however, the multi-factor model is useful in estimating the firm’s ...
... The multi-factor model is easy and inexpensive to estimate for publicly traded firms. However, as in most top-down models, it cannot be used as a diagnostic tool because it does not identify specific risk exposures. More importantly, however, the multi-factor model is useful in estimating the firm’s ...
Regulation and Market Liquidity - University of British Columbia
... limits on securities inventory and retained risk and directly affecting inter-dealer trading, the Volcker Rule could have severely limited market liquidity2 . When recently the Congressional debate shifted on the merits of regulatory relief, one of the provisions considered for rolling back within ...
... limits on securities inventory and retained risk and directly affecting inter-dealer trading, the Volcker Rule could have severely limited market liquidity2 . When recently the Congressional debate shifted on the merits of regulatory relief, one of the provisions considered for rolling back within ...
FORM 10-K - corporate
... individual programs will maintain their Title IV eligibility, accreditation and state authorization in the future or that the ED might not successfully assert that one or more of the institutions has previously failed to comply with Title IV requirements. The ED may place a school on provisional ce ...
... individual programs will maintain their Title IV eligibility, accreditation and state authorization in the future or that the ED might not successfully assert that one or more of the institutions has previously failed to comply with Title IV requirements. The ED may place a school on provisional ce ...
Essays on government debt financing costs
... I.1. Background, actuality In the recent years, more and more countries had to face the problem that their government debt / gross domestic product quotients dynamics were not sustainable. The most important factors in this process were smaller growth, bad structural balance of the budget, and high ...
... I.1. Background, actuality In the recent years, more and more countries had to face the problem that their government debt / gross domestic product quotients dynamics were not sustainable. The most important factors in this process were smaller growth, bad structural balance of the budget, and high ...
Differential Access to Capital from Financial Institutions by Minority
... agents discriminate against certain groups because they believe or speculate these groups have lower credit quality, which will reduce their profit. In Arrow (1972) and Phelps (1972), stereotypes are accurate as they fill up for missing information. In Bordalo, Gennaioli and Shleifer (2014), the dec ...
... agents discriminate against certain groups because they believe or speculate these groups have lower credit quality, which will reduce their profit. In Arrow (1972) and Phelps (1972), stereotypes are accurate as they fill up for missing information. In Bordalo, Gennaioli and Shleifer (2014), the dec ...
Measuring and explaining the volatility of capital flows towards
... We collect quarterly data on capital inflows from the IMF’s International Financial Statistics (IFS) for 48 emerging and less developed economies (see Appendix for the list of countries). As prior information is scarce, our sample period starts in 1980 and finishes in 2006. The sample is limited to co ...
... We collect quarterly data on capital inflows from the IMF’s International Financial Statistics (IFS) for 48 emerging and less developed economies (see Appendix for the list of countries). As prior information is scarce, our sample period starts in 1980 and finishes in 2006. The sample is limited to co ...
SKULLCANDY, INC. (Form: 10-K, Received: 03/13
... We are the original lifestyle and performance audio brand inspired by the creativity and irreverence of youth culture. We design, market and distribute audio and gaming headphones, earbuds, speakers and other accessories under the Skullcandy, Astro Gaming and 2XL brands. We launched in 2003 and quic ...
... We are the original lifestyle and performance audio brand inspired by the creativity and irreverence of youth culture. We design, market and distribute audio and gaming headphones, earbuds, speakers and other accessories under the Skullcandy, Astro Gaming and 2XL brands. We launched in 2003 and quic ...
S1001011_en.pdf
... The regional analyses were prepared by the following experts (in the order in which the subjects are presented): Osvaldo Kacef and Luis Felipe Jiménez (introduction), Juan Pablo Jiménez (fiscal policy), Rodrigo Cárcamo (monetary and exchange-rate policy), Sandra Manuelito (economic activity and inve ...
... The regional analyses were prepared by the following experts (in the order in which the subjects are presented): Osvaldo Kacef and Luis Felipe Jiménez (introduction), Juan Pablo Jiménez (fiscal policy), Rodrigo Cárcamo (monetary and exchange-rate policy), Sandra Manuelito (economic activity and inve ...
DOC - Investis
... (6) See “Operating and Financial Review and Prospects — Results of Operations — Liquidity, Foreign Exchange and Capital Resources — Indebtedness” and Note 13 to our consolidated year-end financial statements. (7) Capital expenditures are those investments made by us in property, plant and equipment. ...
... (6) See “Operating and Financial Review and Prospects — Results of Operations — Liquidity, Foreign Exchange and Capital Resources — Indebtedness” and Note 13 to our consolidated year-end financial statements. (7) Capital expenditures are those investments made by us in property, plant and equipment. ...
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.