2015 annual report 99 going on 100: transforming to serve you first
... interest-rate-raising cycle since 2008. Meanwhile, fiscal prudence resulted in a steady decline in the country’s debt-to-GDP ratio, further reducing reliance on external financing. The country’s balance of payments position improved to a surplus of US$2.6 billion as of end-2015, reversing the US$2.9 ...
... interest-rate-raising cycle since 2008. Meanwhile, fiscal prudence resulted in a steady decline in the country’s debt-to-GDP ratio, further reducing reliance on external financing. The country’s balance of payments position improved to a surplus of US$2.6 billion as of end-2015, reversing the US$2.9 ...
How Ownership Structure Affects Capital Structure and Firm
... corporations is not only concentrated (often dominated by family ownership), but often characterised by the presence of a CEO, Board Chairman or Vice Chairman who is also a controlling shareholder of the company. Presence of a controlling manager shareholder may however have mixed effects on firm pe ...
... corporations is not only concentrated (often dominated by family ownership), but often characterised by the presence of a CEO, Board Chairman or Vice Chairman who is also a controlling shareholder of the company. Presence of a controlling manager shareholder may however have mixed effects on firm pe ...
Supporting Credit Union Success
... Credit unions face pressure from a steady long-term decline in financial margin, an increasing regulatory burden, rapid technology change, and socio-demographic trends. Membership growth is flat, as chartered banks are becoming better at competing with the credit union value proposition. Although cr ...
... Credit unions face pressure from a steady long-term decline in financial margin, an increasing regulatory burden, rapid technology change, and socio-demographic trends. Membership growth is flat, as chartered banks are becoming better at competing with the credit union value proposition. Although cr ...
CHAPTER 12 Government Bonds
... therefore cannot trade among investors. For example, a U.S. Savings Bond is a nonmarketable security. If an investor wishes to sell a U.S. Savings Bond, it must be redeemed by the U.S. Treasury. This is normally a simple procedure, since most banks handle the purchase and sale of U.S. Savings Bonds ...
... therefore cannot trade among investors. For example, a U.S. Savings Bond is a nonmarketable security. If an investor wishes to sell a U.S. Savings Bond, it must be redeemed by the U.S. Treasury. This is normally a simple procedure, since most banks handle the purchase and sale of U.S. Savings Bonds ...
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... Regulations Pertinent to Accounting policies to be adopted and the necessary forms needed to prepare and present reports and financial statements – Takaful .................... Article (1) – Preparation of Financial Statements .......................................................... Article (2) – ...
... Regulations Pertinent to Accounting policies to be adopted and the necessary forms needed to prepare and present reports and financial statements – Takaful .................... Article (1) – Preparation of Financial Statements .......................................................... Article (2) – ...
Commonality In The Determinants Of Expected Stock Returns
... cross-section. In light of this possibility, our predictions of expected stock returns will be based on five classes of factors: risk, liquidity, price-level, growth potential, and price-history. Given the price reactions to unexpected changes in market risk reported in longitudinal studies (French ...
... cross-section. In light of this possibility, our predictions of expected stock returns will be based on five classes of factors: risk, liquidity, price-level, growth potential, and price-history. Given the price reactions to unexpected changes in market risk reported in longitudinal studies (French ...
Inflation Report
... and is rising. It may appear that growth has become more self-driven. The rise in prices for consumer goods, which was close to zero a year ago, has gradually picked up. Even though an unexpected fall in prices for some imported goods reduced consumer price inflation in the first months of this year ...
... and is rising. It may appear that growth has become more self-driven. The rise in prices for consumer goods, which was close to zero a year ago, has gradually picked up. Even though an unexpected fall in prices for some imported goods reduced consumer price inflation in the first months of this year ...
Naughty Firms, Noisy Disclosure
... economic performance. These results do not support the alternative explanation that firms who disclose more are raising more capital to compete more aggressively with their industry ...
... economic performance. These results do not support the alternative explanation that firms who disclose more are raising more capital to compete more aggressively with their industry ...
IFRS Update
... Decision for roadmap – 2009? Decision for 2014-16 - 2011 Largest international issuers choose to adopt as early as 2009 • 20 largest in industry globally • IFRSs used most often in that industry ...
... Decision for roadmap – 2009? Decision for 2014-16 - 2011 Largest international issuers choose to adopt as early as 2009 • 20 largest in industry globally • IFRSs used most often in that industry ...
Investor Sentiment and Beta Pricing
... To look for evidence of beta pricing conditional on sentiment, we measure sentiment using the annual index provided by Baker and Wurgler (2006). This index is constructed using six proxies of investors’ propensity to invest in stocks (an indirect measure of their optimism or pessimism): trading volu ...
... To look for evidence of beta pricing conditional on sentiment, we measure sentiment using the annual index provided by Baker and Wurgler (2006). This index is constructed using six proxies of investors’ propensity to invest in stocks (an indirect measure of their optimism or pessimism): trading volu ...
The Aggregate Demand for Treasury Debt
... securities such as corporate bonds, causing the yield on Treasuries to fall further below corporate bond rates, and the bond spread to widen. The opposite applies when the stock of debt is high. Variation in the supply of Treasury securities traces out a downward sloping demand curve for Treasuries ...
... securities such as corporate bonds, causing the yield on Treasuries to fall further below corporate bond rates, and the bond spread to widen. The opposite applies when the stock of debt is high. Variation in the supply of Treasury securities traces out a downward sloping demand curve for Treasuries ...
Word - The Open University
... have sufficient terms and conditions in the underlying agreement to protect their position and so, in addition to covenants regarding repayment, payment of interest etc. may also require covenants that require minimum performance levels and provision of regular up-dates regarding performance. If suc ...
... have sufficient terms and conditions in the underlying agreement to protect their position and so, in addition to covenants regarding repayment, payment of interest etc. may also require covenants that require minimum performance levels and provision of regular up-dates regarding performance. If suc ...
Chapter 002 Financial Statements, Taxes, and Cash
... a. Southern Mills paid $3.2 million more in taxes last year than its competitor, Eastern Mills. b. Jefferson-Knight paid $2.1 million in taxes last year on revenue of $6.8 million. C. As the result of opening a new store, Northern Lights owed an additional $1.1 million in ...
... a. Southern Mills paid $3.2 million more in taxes last year than its competitor, Eastern Mills. b. Jefferson-Knight paid $2.1 million in taxes last year on revenue of $6.8 million. C. As the result of opening a new store, Northern Lights owed an additional $1.1 million in ...
Open Research Online How Might We Create a Secondary Annuity
... Effective competition is vital in creating a secondary annuity market that offers reasonable value-formoney to pensioners. This is not to argue that perfect competition in the strict economic sense is necessary or feasible. It isn’t: no real market meets all the criteria and there are particular fla ...
... Effective competition is vital in creating a secondary annuity market that offers reasonable value-formoney to pensioners. This is not to argue that perfect competition in the strict economic sense is necessary or feasible. It isn’t: no real market meets all the criteria and there are particular fla ...
Street Capital Financial Group
... Thanks, Jon. Good morning, everyone, and thank you for participating on today’s call. Despite the headwinds in Q1 2017, I was pleased with the new mortgage origination volumes in Q1, which are $1.22 billion, just above the $1.19 billion from last year. However, gain on sale rates were lower and adju ...
... Thanks, Jon. Good morning, everyone, and thank you for participating on today’s call. Despite the headwinds in Q1 2017, I was pleased with the new mortgage origination volumes in Q1, which are $1.22 billion, just above the $1.19 billion from last year. However, gain on sale rates were lower and adju ...
Form 10-Q - Lionsgate
... They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. By ...
... They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. By ...
chimera investment corporation - Morningstar Document Research
... assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. Some of these factors are described under the caption ‘‘Risk Factors’’ in this 2015 Form 10-K. If a change occurs, our business, financial condition, liquidity and results of ope ...
... assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. Some of these factors are described under the caption ‘‘Risk Factors’’ in this 2015 Form 10-K. If a change occurs, our business, financial condition, liquidity and results of ope ...
SRP Research Report for OIC (Part 2: European Structured Product
... structured funds and certificates change hands many times over their life cycles. A reliable and accessible secondary market is key to success of any structured product. In Europe, secondary liquidity is a function of the tradability of the products on public exchanges and their ...
... structured funds and certificates change hands many times over their life cycles. A reliable and accessible secondary market is key to success of any structured product. In Europe, secondary liquidity is a function of the tradability of the products on public exchanges and their ...
NBER WORKING PAPER SERIES RISK AVERSION AND OPTIMAL PORTFOLIO POLICIES IN
... participants at Boston College,London Business School,London School of Economics, UBC Commerce, the UBC Pacific Institute for Mathematical Sciences, the Wharton Lunch Seminar Series, UCLA, University of Vienna, SIRIF Conference on Dynamic Portfolio Strategies, TMR-HERMES Conference on Savings, Portf ...
... participants at Boston College,London Business School,London School of Economics, UBC Commerce, the UBC Pacific Institute for Mathematical Sciences, the Wharton Lunch Seminar Series, UCLA, University of Vienna, SIRIF Conference on Dynamic Portfolio Strategies, TMR-HERMES Conference on Savings, Portf ...
CENTERPOINT ENERGY INC (Form: 10-Q
... of January 1, 2007 was an approximately $2 million credit to accumulated deficit. The Company recognizes interest and penalties as a component of income taxes. The implementation of FIN 48 also affected other balance sheet accounts. The balance sheet as of January 1, 2007, upon adoption, would have ...
... of January 1, 2007 was an approximately $2 million credit to accumulated deficit. The Company recognizes interest and penalties as a component of income taxes. The implementation of FIN 48 also affected other balance sheet accounts. The balance sheet as of January 1, 2007, upon adoption, would have ...
Primary Market Design: Direct Mechanisms And Markets
... trading starts once traders observe information that has been obtained from a few informed investors polled under the mechanism. This indeed seems to be what happens in European when-issued markets for IPO shares. According to information from one of the largest brokers in these markets, when-issue ...
... trading starts once traders observe information that has been obtained from a few informed investors polled under the mechanism. This indeed seems to be what happens in European when-issued markets for IPO shares. According to information from one of the largest brokers in these markets, when-issue ...
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.