Investors
... use of a lower discount rate for reserves contributed 11.6 points to the Commercial Property Casualty loss ratio of 75.0, our strategic actions improved the Accident Year Loss ratio, as adjusted, by 4.2 points from the prior-year quarter to 62.4, which is a 3.8 point improvement from the full year o ...
... use of a lower discount rate for reserves contributed 11.6 points to the Commercial Property Casualty loss ratio of 75.0, our strategic actions improved the Accident Year Loss ratio, as adjusted, by 4.2 points from the prior-year quarter to 62.4, which is a 3.8 point improvement from the full year o ...
LINCOLN NATIONAL CORP
... A decline in the equity markets causing a reduction in the sales of our subsidiaries' products, a reduction of asset-based fees that our subsidiaries charge on various investment and insurance products, an acceleration of the net amortization of deferred acquisition costs ("DAC"), value of business ...
... A decline in the equity markets causing a reduction in the sales of our subsidiaries' products, a reduction of asset-based fees that our subsidiaries charge on various investment and insurance products, an acceleration of the net amortization of deferred acquisition costs ("DAC"), value of business ...
Capital Adequacy Ratio Report
... Capital Planning and Management Plan for Capital Adequacy Ratios In 2012, the Board of Directors and the Shareholders’ General Meeting of the Bank reviewed and approved the 20122014 Capital Planning of ICBC in accordance with the Capital Regulation. During the planning period, by reinforcing externa ...
... Capital Planning and Management Plan for Capital Adequacy Ratios In 2012, the Board of Directors and the Shareholders’ General Meeting of the Bank reviewed and approved the 20122014 Capital Planning of ICBC in accordance with the Capital Regulation. During the planning period, by reinforcing externa ...
Fiscal Risks and Contingent Liabilities
... 1/ Number of episodes includes all episodes, average fiscal cost is calculated using only those episodes for 8 which a fiscal cost number is available. ...
... 1/ Number of episodes includes all episodes, average fiscal cost is calculated using only those episodes for 8 which a fiscal cost number is available. ...
Security Analysis, Agency Costs, and UK Firm Characteristics
... the UK has seen a sharp increase over the past three years. From the 1,295 UK quoted companies listed over the London Stock Exchange, the number of UK firms covered by security analysts in June 1998 was 689 while by June 2001 analyst coverage nearly doubled to 1,185 firms. To the extent that the num ...
... the UK has seen a sharp increase over the past three years. From the 1,295 UK quoted companies listed over the London Stock Exchange, the number of UK firms covered by security analysts in June 1998 was 689 while by June 2001 analyst coverage nearly doubled to 1,185 firms. To the extent that the num ...
Loan Agreement - Act respecting financial assistance for education
... totime, the repay in advance all or partatofhis theorloan. borrower, her last known address. This agreement will be deemed accepted by the borrower if he or she does not request that the lender modify the terms and conditions of the agreement within 15 days of the date on which it was sent. This rul ...
... totime, the repay in advance all or partatofhis theorloan. borrower, her last known address. This agreement will be deemed accepted by the borrower if he or she does not request that the lender modify the terms and conditions of the agreement within 15 days of the date on which it was sent. This rul ...
Principal European Economic Indicators
... European Union with high-quality statistical information. For that purpose, it gathers and analyses figures from the national statistical offices across Europe and provides comparable and harmonised data for the European Union to use in the definition, implementation and analysis of Community polici ...
... European Union with high-quality statistical information. For that purpose, it gathers and analyses figures from the national statistical offices across Europe and provides comparable and harmonised data for the European Union to use in the definition, implementation and analysis of Community polici ...
Collection of Practice Problems
... Request: Please tell me about errors or ambiguities. Many of the questions below are old exam problems. As I am updating the course over the years, the notation, references, and sequencing has changed, which means that some old problems may have lost educational value without me noticing immediately ...
... Request: Please tell me about errors or ambiguities. Many of the questions below are old exam problems. As I am updating the course over the years, the notation, references, and sequencing has changed, which means that some old problems may have lost educational value without me noticing immediately ...
Trading Account: Items - IndiaStudyChannel.com
... to present correct figures to income tax, excise and other authorities. These accounts show how gainfully the resources of the business were employed. Management Accounting (June 00) Management accounting includes all those accounting services by means of which assistance is rendered to the manageme ...
... to present correct figures to income tax, excise and other authorities. These accounts show how gainfully the resources of the business were employed. Management Accounting (June 00) Management accounting includes all those accounting services by means of which assistance is rendered to the manageme ...
Economic differences after the dissolution of Czechoslovakia
... The Czech Republic and Republic of Slovakia were formed after the dissolution of Czechoslovakia in 1993, after being a communist country since the end of World War II. Capital flows, and especially foreign direct investment (FDI), have contributed to the economic growth and stability to develop them ...
... The Czech Republic and Republic of Slovakia were formed after the dissolution of Czechoslovakia in 1993, after being a communist country since the end of World War II. Capital flows, and especially foreign direct investment (FDI), have contributed to the economic growth and stability to develop them ...
S2AV: A valuation methodology for insurance companies
... valued more easily with a reasonable level of precision based on information likely to be available as part of the Solvency II reporting process. Furthermore, this decomposition can be very useful in understanding the value attributed to certain activities of the insurance company, such as new sales ...
... valued more easily with a reasonable level of precision based on information likely to be available as part of the Solvency II reporting process. Furthermore, this decomposition can be very useful in understanding the value attributed to certain activities of the insurance company, such as new sales ...
Corporate Payout Policy and Market Capitalization
... prevailing prices by his transactions. Every stakeholder have full reach to all information freely about share‘s characteristics and prices. Transactions of securities bear no transaction cost, brokerage fee or transfer taxes. Capital gains, dividends, undistributed and distributed earnings have equ ...
... prevailing prices by his transactions. Every stakeholder have full reach to all information freely about share‘s characteristics and prices. Transactions of securities bear no transaction cost, brokerage fee or transfer taxes. Capital gains, dividends, undistributed and distributed earnings have equ ...
Long-term debt maturity and financing constraints of SMEs during
... sample to four precrisis years rather than two precrisis years, and we measure long-term debt maturity at the start of 2007 rather than at the start of 2008. All the robustness tests confirm our basic findings. Our study contributes to the literature in several ways. We are not aware of any other st ...
... sample to four precrisis years rather than two precrisis years, and we measure long-term debt maturity at the start of 2007 rather than at the start of 2008. All the robustness tests confirm our basic findings. Our study contributes to the literature in several ways. We are not aware of any other st ...
Consumption Based Asset Pricing After 25 Years
... derived risk-adjusted discount rates in a multiperiod economy with power utility, jointly lognormal cash flows. Correct discount rates were derived as the Consumption-based CAPM. ...
... derived risk-adjusted discount rates in a multiperiod economy with power utility, jointly lognormal cash flows. Correct discount rates were derived as the Consumption-based CAPM. ...
Ballard Power Systems Inc.
... The Company is a Canadian issuer eligible to file its annual report pursuant to Section 13 of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”) on Form 40-F. The Company is a “foreign private issuer” as defined in Rule 3b-4 under the Exchange Act and Rule 405 under t ...
... The Company is a Canadian issuer eligible to file its annual report pursuant to Section 13 of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”) on Form 40-F. The Company is a “foreign private issuer” as defined in Rule 3b-4 under the Exchange Act and Rule 405 under t ...
bondch11s
... when borrowers determine that rates have bottomed out. The refinancing incentive can be measured by the difference between the mortgage portfolio's weighted average rate, referred to as the weighted average coupon rate, WAC, and the refinancing rate, REFR. A study by Goldman, Sachs, and Company foun ...
... when borrowers determine that rates have bottomed out. The refinancing incentive can be measured by the difference between the mortgage portfolio's weighted average rate, referred to as the weighted average coupon rate, WAC, and the refinancing rate, REFR. A study by Goldman, Sachs, and Company foun ...
Credit default swaps. Contract characteristics and
... without holding positions of the opposite sign) or for hedging. As will be explained further on, it is also possible arbitrage price differences between the bond and the CDS markets. In addition to CDS contracts relating to a specific reference entity (“single name CDSs”), contracts on indexes repre ...
... without holding positions of the opposite sign) or for hedging. As will be explained further on, it is also possible arbitrage price differences between the bond and the CDS markets. In addition to CDS contracts relating to a specific reference entity (“single name CDSs”), contracts on indexes repre ...
Why doesn’t Capital Flow from Rich to Poor Countries? An
... framework.5 We run cross-country regressions using a sample of 50 countries. Our empirical evidence shows that, for the period 1971−1998, the most important variable in explaining the Lucas paradox is the institutional quality. We find that this is a causal relationship that holds true even after c ...
... framework.5 We run cross-country regressions using a sample of 50 countries. Our empirical evidence shows that, for the period 1971−1998, the most important variable in explaining the Lucas paradox is the institutional quality. We find that this is a causal relationship that holds true even after c ...
Summary Prospectus for the Public Offering of Shares of Nova
... On 30 June 2009, the NLB's General Meeting of Shareholders adopted a resolution on the amendment to the Articles of Association of the NLB, authorising the NLB's Management Board to increase, during the period of five years after the entry of the said amendment to the Articles of Association in the ...
... On 30 June 2009, the NLB's General Meeting of Shareholders adopted a resolution on the amendment to the Articles of Association of the NLB, authorising the NLB's Management Board to increase, during the period of five years after the entry of the said amendment to the Articles of Association in the ...
Currency Options
... More and more firms, large and small, have to buy and sell products across national borders. More often than not, payment is made using foreign currency. Depending on the time it takes to pay or receive the money, what was once an economically viable transaction often becomes less profitable due to ...
... More and more firms, large and small, have to buy and sell products across national borders. More often than not, payment is made using foreign currency. Depending on the time it takes to pay or receive the money, what was once an economically viable transaction often becomes less profitable due to ...
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.