Corporate Environmental Liabilities and Capital Structure Xin Chang
... ratio, which is determined by firms’ choice between debt and equity and captures the relative importance of the effects of environmental liabilities on the cost of debt and the cost of equity. In addition, to the best of our knowledge, we are among the first to empirically show that corporate enviro ...
... ratio, which is determined by firms’ choice between debt and equity and captures the relative importance of the effects of environmental liabilities on the cost of debt and the cost of equity. In addition, to the best of our knowledge, we are among the first to empirically show that corporate enviro ...
ge06 zhang 2304668 en
... degree of land-backed foreign borrowing constant. The deregulation of the deposit-backed foreign borrowing enables households to pledge a larger fraction of their deposits at the domestic mutual funds to the foreign investors. According to the no-arbitrage condition, the interest rate differential b ...
... degree of land-backed foreign borrowing constant. The deregulation of the deposit-backed foreign borrowing enables households to pledge a larger fraction of their deposits at the domestic mutual funds to the foreign investors. According to the no-arbitrage condition, the interest rate differential b ...
(PDF 4.7 MB)
... independence requirements laid down in the Corporate Governance Code for listed companies promoted by Borsa Italiana S.p.A. and at least one candidate who is enrolled in the Register of Auditors and has worked in the field of legal auditing for at least three years, subject to the possibility of ove ...
... independence requirements laid down in the Corporate Governance Code for listed companies promoted by Borsa Italiana S.p.A. and at least one candidate who is enrolled in the Register of Auditors and has worked in the field of legal auditing for at least three years, subject to the possibility of ove ...
Markets for Managers
... governments were committed to achieving. But with dubious success. In comparison, as John Sparks said, ‘the other problems would have seemed fantastic and quite likely would have been rejected as the figments of someone’s wild imagination.’ And yet all of those have been accomplished. We barely give ...
... governments were committed to achieving. But with dubious success. In comparison, as John Sparks said, ‘the other problems would have seemed fantastic and quite likely would have been rejected as the figments of someone’s wild imagination.’ And yet all of those have been accomplished. We barely give ...
Tier 1 capital
... capital base satisfies, in both form and substance, all applicable requirements in this Prudential Standard for the particular category of capital in which it is included. An ADI must not incorporate a component of capital as part of its capital base where that component does not meet, or is inconsi ...
... capital base satisfies, in both form and substance, all applicable requirements in this Prudential Standard for the particular category of capital in which it is included. An ADI must not incorporate a component of capital as part of its capital base where that component does not meet, or is inconsi ...
Shifting the Lens – A De-Risking Toolkit for Impact Investment
... investment products, brought to life by a catalogue: real-world examples of de-risking features already at work, on which we hope the market will readily build. The report closes with actionable recommendations for those investing, or facilitating investment, into the market. ...
... investment products, brought to life by a catalogue: real-world examples of de-risking features already at work, on which we hope the market will readily build. The report closes with actionable recommendations for those investing, or facilitating investment, into the market. ...
N - Personal.psu.edu
... and then talk about the details. As we all know, the political process, say, for a recommended tax cut can become very tedious and take many months of discussion in the House of Representatives and/or US Senate. For Monetary policy the implementation lag is very short, as the FOMC directs the federa ...
... and then talk about the details. As we all know, the political process, say, for a recommended tax cut can become very tedious and take many months of discussion in the House of Representatives and/or US Senate. For Monetary policy the implementation lag is very short, as the FOMC directs the federa ...
Chapter 13 Equity Valuation Multiple Choice Questions 1. The
... 32. Brevik Builders has an expected ROE of 25%. Its dividend growth rate will be __________ if it follows a policy of paying 30% of earnings in the form of dividends. ...
... 32. Brevik Builders has an expected ROE of 25%. Its dividend growth rate will be __________ if it follows a policy of paying 30% of earnings in the form of dividends. ...
Expected Returns on Major Asset Classes
... RF Ilmanen_052012.book Page viii Thursday, May 31, 2012 11:49 AM ...
... RF Ilmanen_052012.book Page viii Thursday, May 31, 2012 11:49 AM ...
The Impact of Market Sentiment Index on Stock
... markets during crisis periods. For example, Chung and Ley (2007) examined the relationship between investor sentiment and market fluctuation for the Taiwan stock market during the crashes period occurring in 1990, 1997 and 2000 1 . Five investor sentiment proxies were selected to measure sentiment, ...
... markets during crisis periods. For example, Chung and Ley (2007) examined the relationship between investor sentiment and market fluctuation for the Taiwan stock market during the crashes period occurring in 1990, 1997 and 2000 1 . Five investor sentiment proxies were selected to measure sentiment, ...
ETF Trading and Execution in the European MarketsPDF
... Currently ETFs are not subject to the same pre-trade and post-trade requirements as other exchange traded instruments, such as equities, and in most markets there is no requirement for executed trades to be reported. In terms of pre-trade work, one benefit ETF investors currently do not have is a co ...
... Currently ETFs are not subject to the same pre-trade and post-trade requirements as other exchange traded instruments, such as equities, and in most markets there is no requirement for executed trades to be reported. In terms of pre-trade work, one benefit ETF investors currently do not have is a co ...
Financing Durable Assets
... can default and divert cash flows and a fraction of durable assets and cannot be excluded from markets following default as in Rampini and Viswanathan (2010, 2013, 2015).3 For this class of economies, they show that the optimal dynamic contract can be implemented with one-period ahead complete marke ...
... can default and divert cash flows and a fraction of durable assets and cannot be excluded from markets following default as in Rampini and Viswanathan (2010, 2013, 2015).3 For this class of economies, they show that the optimal dynamic contract can be implemented with one-period ahead complete marke ...
The Case for Strategic Convertible Allocations
... Convertibles with higher levels of equity sensitivity may be utilized within lower-volatility equity allocations, providing an innovative solution for investors who wish to participate in equity markets but are concerned about downside equity volatility. (In volatile markets, the bond value provides ...
... Convertibles with higher levels of equity sensitivity may be utilized within lower-volatility equity allocations, providing an innovative solution for investors who wish to participate in equity markets but are concerned about downside equity volatility. (In volatile markets, the bond value provides ...
Bonds, Stocks, and Sources of Mispricing
... TRACE is trade-based. TRACE was introduced in 2002 and by February 2005 TRACE covers more than 99% of the OTC activity in US corporate bonds.7 While quote-based databases provide month-end prices and returns, trade-based databases provide intraday clean prices, from which returns are calculated as d ...
... TRACE is trade-based. TRACE was introduced in 2002 and by February 2005 TRACE covers more than 99% of the OTC activity in US corporate bonds.7 While quote-based databases provide month-end prices and returns, trade-based databases provide intraday clean prices, from which returns are calculated as d ...
Enhancing Financial Stability and Resilience
... The 2007–08 global financial crisis demonstrated that regulation focused on individual institutions alone does not adequately deal with systemic risks to the financial markets as a whole. In particular, it became apparent that the financial system has an inherent bias toward booms and busts that is ...
... The 2007–08 global financial crisis demonstrated that regulation focused on individual institutions alone does not adequately deal with systemic risks to the financial markets as a whole. In particular, it became apparent that the financial system has an inherent bias toward booms and busts that is ...
Report of Bank Pekao SA Group for the three quarters of
... In the second quarter of 2016, Polish economic growth amounted to 3.1% year on year as compared with the GDP growth of 3.0% year on year in the first quarter. Seasonally adjusted data indicate that the GDP expanded by +0.9% quarter on quarter after a decline of -0.1% quarter on quarter in the first ...
... In the second quarter of 2016, Polish economic growth amounted to 3.1% year on year as compared with the GDP growth of 3.0% year on year in the first quarter. Seasonally adjusted data indicate that the GDP expanded by +0.9% quarter on quarter after a decline of -0.1% quarter on quarter in the first ...
Free Full Text ( Final Version , 406kb )
... To all euro nations, the United Kingdom is always welcome to enter into the euro area, though each country has its own reasons for that. As the core country of euro land, Germany is especially eager to see pound accession. The officials of German government claim that they fully understand Britain h ...
... To all euro nations, the United Kingdom is always welcome to enter into the euro area, though each country has its own reasons for that. As the core country of euro land, Germany is especially eager to see pound accession. The officials of German government claim that they fully understand Britain h ...
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.