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Why do foreign firms have less idiosyncratic risk than U.S.... Söhnke M. Bartram, Gregory Brown, and René M. Stulz*
... significantly greater idiosyncratic risk in only two out of sixteen sample years.3 We also find that foreign firms have higher market risk, but not consistently so through time. Since a firm’s total risk increases both with idiosyncratic risk and market risk, foreign firms can have greater or lower ...
... significantly greater idiosyncratic risk in only two out of sixteen sample years.3 We also find that foreign firms have higher market risk, but not consistently so through time. Since a firm’s total risk increases both with idiosyncratic risk and market risk, foreign firms can have greater or lower ...
Implementing the Golden Rule for Public Investment in Europe
... Figure 10: general government net debt according to official forecasts (as of budget March 2000 until June 2010) and actual outturn in the UK in per cent of GDP, budgetary years 1998/99 to 2015/16.................................................................... 36 Figure A1: General government gr ...
... Figure 10: general government net debt according to official forecasts (as of budget March 2000 until June 2010) and actual outturn in the UK in per cent of GDP, budgetary years 1998/99 to 2015/16.................................................................... 36 Figure A1: General government gr ...
Fiscal Rules and Discretion in a World Economy
... Euro in 1999 led to a convergence of interest rates and a rise of imbalances across the region. Tight fiscal policy in Northern European countries such as Germany contributed to a region-wide decline in interest rates, which induced increased borrowing by other European countries such as Greece.1 Be ...
... Euro in 1999 led to a convergence of interest rates and a rise of imbalances across the region. Tight fiscal policy in Northern European countries such as Germany contributed to a region-wide decline in interest rates, which induced increased borrowing by other European countries such as Greece.1 Be ...
PSEG
... generating plant operations. Despite the low returns on foreign operations, PSEG earned an average return on equity over the past five years of 14.8%. In 2007, PSEG earnings are expected to increase by 28% because of higher energy prices in PJM and improvements in management of generating plants. Af ...
... generating plant operations. Despite the low returns on foreign operations, PSEG earned an average return on equity over the past five years of 14.8%. In 2007, PSEG earnings are expected to increase by 28% because of higher energy prices in PJM and improvements in management of generating plants. Af ...
Reporting Guidance for All Loan-Backed and Structured Finance
... 1. Reformat the definition to add a statement on what the reporting entity has acquired and incorporate into the paragraph structure of SSAP No. 43R; 2. Remove from the definition the reference to “unrelated” obligors. In discussing with SVO staff and representatives of the ACLI, this term was not i ...
... 1. Reformat the definition to add a statement on what the reporting entity has acquired and incorporate into the paragraph structure of SSAP No. 43R; 2. Remove from the definition the reference to “unrelated” obligors. In discussing with SVO staff and representatives of the ACLI, this term was not i ...
BANKS` ACQUISITION OF PRIVATE INFORMATION ABOUT
... surrounding restatement announcements. These findings show a heightened level of uncertainty about the financial information of restating firms. Similarly, Hribar and Jenkins (2004) find an increase in the cost of equity capital for firms facing accounting restatements; Shi and Zhang (2008) document ...
... surrounding restatement announcements. These findings show a heightened level of uncertainty about the financial information of restating firms. Similarly, Hribar and Jenkins (2004) find an increase in the cost of equity capital for firms facing accounting restatements; Shi and Zhang (2008) document ...
Budget Paper No.1: Budget Strategy and Outlook
... economy. Most significantly for Australia, there are uncertainties around the transition facing the Chinese economy; the possibility of renewed volatility in financial markets; and risks that low inflation, wage growth and productivity growth being experienced in many advanced economies could become ...
... economy. Most significantly for Australia, there are uncertainties around the transition facing the Chinese economy; the possibility of renewed volatility in financial markets; and risks that low inflation, wage growth and productivity growth being experienced in many advanced economies could become ...
SHERWIN WILLIAMS CO (Form: 10-K, Received: 03
... We report our segment information in five reportable segments — Paint Stores, Consumer, Automotive Finishes, International Coatings (collectively, the “Operating Segments”) and Administrative — in accordance with Statement of Financial Accounting Standards (FAS) No. 131, “Disclosures about Segments ...
... We report our segment information in five reportable segments — Paint Stores, Consumer, Automotive Finishes, International Coatings (collectively, the “Operating Segments”) and Administrative — in accordance with Statement of Financial Accounting Standards (FAS) No. 131, “Disclosures about Segments ...
World Economic Situation and Prospects 2008
... structural rebalancing of aggregate demand would be needed to reduce the economy’s surplus, by means of stepping up public spending on social security, health and education services, especially those geared towards the rural population. In the major oil-exporting countries, there is ample room for u ...
... structural rebalancing of aggregate demand would be needed to reduce the economy’s surplus, by means of stepping up public spending on social security, health and education services, especially those geared towards the rural population. In the major oil-exporting countries, there is ample room for u ...
ESSAYS ON FINANCIAL LIBERALISATION AND BANKING
... and financial development on economic growth by utilizing the data of 71 developed and developing countries. The empirical evidence of this chapter indicates that capital account liberalisation and financial sector development play an important role in future economic growth. More specifically, in m ...
... and financial development on economic growth by utilizing the data of 71 developed and developing countries. The empirical evidence of this chapter indicates that capital account liberalisation and financial sector development play an important role in future economic growth. More specifically, in m ...
Policy Dialogue on Corporate Governance in China
... tier, by voting in the shareholders assembly or sitting on their boards. In the Chinese Company Law, this kind of institutions are called “state authorized investment institutions” Despite its strong influence in reform practices, this model has never been formally accepted by the central government ...
... tier, by voting in the shareholders assembly or sitting on their boards. In the Chinese Company Law, this kind of institutions are called “state authorized investment institutions” Despite its strong influence in reform practices, this model has never been formally accepted by the central government ...
BLOUNT INTERNATIONAL INC (Form: 10-K
... equipment on their products. We also supply products or components to some of our competitors. In addition, new and existing competitors in recent years have expanded capacity or contracted with suppliers in China and other low-cost manufacturing locations, which has increased competition and prici ...
... equipment on their products. We also supply products or components to some of our competitors. In addition, new and existing competitors in recent years have expanded capacity or contracted with suppliers in China and other low-cost manufacturing locations, which has increased competition and prici ...
Economic Value Added (EVA), Agency Costs and Firm Performance
... that accounting practices are more detailed than standards in terms of contents and usability, and standards lag ongoing innovations in practice. Another major criticism of the traditional accounting measures is the inherent assumption that a firm is no more than an entity, which is limited to facil ...
... that accounting practices are more detailed than standards in terms of contents and usability, and standards lag ongoing innovations in practice. Another major criticism of the traditional accounting measures is the inherent assumption that a firm is no more than an entity, which is limited to facil ...
Follow the money - Bretton Woods Project
... (BNDES) and the China Development Bank. Channelling funds through FIs is also on the increase. Analysis in section 3 of this report shows that the IFC, now makes more than 60% of its annual commitments in the financial sector rather than directly in projects. This trend is replicated among regional ...
... (BNDES) and the China Development Bank. Channelling funds through FIs is also on the increase. Analysis in section 3 of this report shows that the IFC, now makes more than 60% of its annual commitments in the financial sector rather than directly in projects. This trend is replicated among regional ...
macquarie infrastructure company llc
... “PCAA”), resulting in a pre-tax gain of $130.3 million, of which $76.5 million related to the forgiveness of debt, and the elimination of $201.0 million of current debt from liabilities from our consolidated balance sheet. The results of operations from this business and the gain from the bankruptcy ...
... “PCAA”), resulting in a pre-tax gain of $130.3 million, of which $76.5 million related to the forgiveness of debt, and the elimination of $201.0 million of current debt from liabilities from our consolidated balance sheet. The results of operations from this business and the gain from the bankruptcy ...
Word - corporate
... AMD's expectation that it will deliver higher 2016 annual revenue based on stronger demand for AMD semi-custom solutions and Polaris GPUs; AMD's ability to accelerate growth as it introduces new high-performance computing and graphics products in 2017; and AMD's plans to further reduce its debt by d ...
... AMD's expectation that it will deliver higher 2016 annual revenue based on stronger demand for AMD semi-custom solutions and Polaris GPUs; AMD's ability to accelerate growth as it introduces new high-performance computing and graphics products in 2017; and AMD's plans to further reduce its debt by d ...
Heading D
... Underlying earnings before tax of EUR 404 million, substantial improvement compared with the past two quarters Underlying earnings include lower investment income as result of de-risking measures Fair value items of EUR (31) million include EUR 202 million net gain from higher equity markets, offset ...
... Underlying earnings before tax of EUR 404 million, substantial improvement compared with the past two quarters Underlying earnings include lower investment income as result of de-risking measures Fair value items of EUR (31) million include EUR 202 million net gain from higher equity markets, offset ...
registration of asset-backed securities
... Hill Company; Moody's Investors Service, Inc.; Fitch Investors Service, Inc. or Duff & Phelps Credit Rating Co. or a successor to any of the foregoing. SECURITY HOLDERS: the PERSONS in whose names the ISSUER'S ASSETBACKED SECURITIES are held and to whom payments pursuant to the terms of the TRUST AG ...
... Hill Company; Moody's Investors Service, Inc.; Fitch Investors Service, Inc. or Duff & Phelps Credit Rating Co. or a successor to any of the foregoing. SECURITY HOLDERS: the PERSONS in whose names the ISSUER'S ASSETBACKED SECURITIES are held and to whom payments pursuant to the terms of the TRUST AG ...