discussion paper no 657
... The global banking crisis of 2007-08 has been partly blamed on remuneration policies in financial institutions. According to Turner (2009) “There is a strong prima facie case that inappropriate incentive structures played a role in encouraging behaviour which contributed to the financial crisis”, (p ...
... The global banking crisis of 2007-08 has been partly blamed on remuneration policies in financial institutions. According to Turner (2009) “There is a strong prima facie case that inappropriate incentive structures played a role in encouraging behaviour which contributed to the financial crisis”, (p ...
lloyds investment funds limited
... sterling interest rates. This policy will result in a gradual reduction in the capital value of the shares, except when bond prices generally are rising. The Fund will normally hold a relatively wide range of securities in order to keep a low level of exposure to individual bond issues other than go ...
... sterling interest rates. This policy will result in a gradual reduction in the capital value of the shares, except when bond prices generally are rising. The Fund will normally hold a relatively wide range of securities in order to keep a low level of exposure to individual bond issues other than go ...
LBO General Discussion
... • Leverage ranges from 6:1 to 12:1. Debt to EBITDA ranges from 3.5 times to 6 times or even more. • Investors seek equity returns of 20 percent or more – focus is on equity IRR rather than free cash flow. • Average life of 6.7 years, after which investors take the firm public. Bank amortizes senior ...
... • Leverage ranges from 6:1 to 12:1. Debt to EBITDA ranges from 3.5 times to 6 times or even more. • Investors seek equity returns of 20 percent or more – focus is on equity IRR rather than free cash flow. • Average life of 6.7 years, after which investors take the firm public. Bank amortizes senior ...
sectors report
... seeing strong growth in emerging export sectors such as information technology services, high-technology manufacturing and processed foods. This report highlights the ever-increasing importance of Asia as a key export region. It also reinforces the importance of our relationship with Australia, whic ...
... seeing strong growth in emerging export sectors such as information technology services, high-technology manufacturing and processed foods. This report highlights the ever-increasing importance of Asia as a key export region. It also reinforces the importance of our relationship with Australia, whic ...
B - UK Government Web Archive
... target is 0.5 percentage points below the previous RPIX-based target, reflecting differences in the way that CPI and RPIX inflation are measured. The level of the new target is set to be consistent with the old target in two years’ time – the typical forecast horizon for monetary policy. ...
... target is 0.5 percentage points below the previous RPIX-based target, reflecting differences in the way that CPI and RPIX inflation are measured. The level of the new target is set to be consistent with the old target in two years’ time – the typical forecast horizon for monetary policy. ...
2014 results - Lloyds Banking Group
... may occur in the future. Factors that could cause actual business, strategy, plans and/or results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements made by the Group or on its behalf include, but are not limited to: g ...
... may occur in the future. Factors that could cause actual business, strategy, plans and/or results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements made by the Group or on its behalf include, but are not limited to: g ...
SEK 75m 4% SEK 62m SEK 0.44
... During the fourth quarter of 2011 Billerud’s total sales volumes amounted to 315 000 tonnes, a decrease of 6% compared with the previous quarter. The decrease was mainly due to a periodic maintenance shutdown at the Gruvön mill. In addition, market-related production shutdowns were implemented to a ...
... During the fourth quarter of 2011 Billerud’s total sales volumes amounted to 315 000 tonnes, a decrease of 6% compared with the previous quarter. The decrease was mainly due to a periodic maintenance shutdown at the Gruvön mill. In addition, market-related production shutdowns were implemented to a ...
why doesn`t capital flow from rich to poor countries?
... with the same constant returns to scale production technology using capital and labor as factors of production, differences in income per capita reflect differences in capital per capita. Thus, if capital were allowed to flow freely, new investments would occur only in the poorer economy, and this w ...
... with the same constant returns to scale production technology using capital and labor as factors of production, differences in income per capita reflect differences in capital per capita. Thus, if capital were allowed to flow freely, new investments would occur only in the poorer economy, and this w ...
UNITED TECHNOLOGIES CORP /DE/ (Form: 10
... entered into a long-term engineering and manufacturing agreement with MHI. The sale generated a pre-tax gain of approximately $193 million ( $132 million after tax). Cash received in connection with the sale was $432 million , excluding contingent consideration valued at approximately $200 million . ...
... entered into a long-term engineering and manufacturing agreement with MHI. The sale generated a pre-tax gain of approximately $193 million ( $132 million after tax). Cash received in connection with the sale was $432 million , excluding contingent consideration valued at approximately $200 million . ...
Economics of Money, Banking, and Financial Markets, 8e
... 46) The spread between the interest rates on Baa corporate bonds and U.S. government bonds is very large during the Great Depression years 1930 -1933. Explain this difference using the bond supply and demand analysis. Answer: During the Great Depression many businesses failed. The default risk for ...
... 46) The spread between the interest rates on Baa corporate bonds and U.S. government bonds is very large during the Great Depression years 1930 -1933. Explain this difference using the bond supply and demand analysis. Answer: During the Great Depression many businesses failed. The default risk for ...
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
... After the merger with Southdown, CEMEX will have annualized combined sales in excess of US$6.3 billion pro forma as of June 30th 2000. "As we indicated to our shareholders last March, we have been looking at many alternatives for enhancing value and adding to the challenge of effectively participati ...
... After the merger with Southdown, CEMEX will have annualized combined sales in excess of US$6.3 billion pro forma as of June 30th 2000. "As we indicated to our shareholders last March, we have been looking at many alternatives for enhancing value and adding to the challenge of effectively participati ...
Research into the International Capital
... ratios, when harmonised with international peers, as being higher than reported under APRA regulation and supervision. This updated research report extends the research to include an analysis of APRA’s International Capital Comparison Study release on July 13th 2015, and the subsequent reporting of ...
... ratios, when harmonised with international peers, as being higher than reported under APRA regulation and supervision. This updated research report extends the research to include an analysis of APRA’s International Capital Comparison Study release on July 13th 2015, and the subsequent reporting of ...
Capital Gains Taxation and Cross-border M&As
... Reese (1998) similarly finds that stocks that appreciated prior to long-term qualification exhibit decreased returns after their qualification date consistent with a lock-in effect, while stocks that depreciated prior to long-term qualification exhibit lower returns just prior to their qualificatio ...
... Reese (1998) similarly finds that stocks that appreciated prior to long-term qualification exhibit decreased returns after their qualification date consistent with a lock-in effect, while stocks that depreciated prior to long-term qualification exhibit lower returns just prior to their qualificatio ...
Total Produ let`s grow to
... environment and adverse currency movements. The Group has delivered a resilient performance in 2009 against the background of a challenging economic environment and adverse currency movements. The business has performed well across its broad geographic regions although some specific areas experience ...
... environment and adverse currency movements. The Group has delivered a resilient performance in 2009 against the background of a challenging economic environment and adverse currency movements. The business has performed well across its broad geographic regions although some specific areas experience ...
Firm Productivity Growth
... Among slow reformers, within-firm productivity growth is mostly driven by the utilization of excess capacity and by defensive firm restructuring, that is, shedding labor and adopting other cost-cutting strategies. In Russia, available survey data suggest that capacity utilization in manufacturing in ...
... Among slow reformers, within-firm productivity growth is mostly driven by the utilization of excess capacity and by defensive firm restructuring, that is, shedding labor and adopting other cost-cutting strategies. In Russia, available survey data suggest that capacity utilization in manufacturing in ...
Return Expectations from Venture Capital Deals in Europe
... The differences start with venture capital funds’ organizational forms. In AngloSaxon countries, VC firms are mainly organized as limited partnerships, whereas in France and Germany they have different organizational structures with – traditionally – far more involvement of banks (Jeng and Wells 200 ...
... The differences start with venture capital funds’ organizational forms. In AngloSaxon countries, VC firms are mainly organized as limited partnerships, whereas in France and Germany they have different organizational structures with – traditionally – far more involvement of banks (Jeng and Wells 200 ...
EBIX INC (Form: 10-K, Received: 02/29/2016 15:38:27)
... The Company acquired PB Systems, Inc. and PB Systems Private Limited (together being "PB Systems"), effective June 1, 2015. PB Systems develops and implements software solutions for insurance clients. Ebix acquired PB Systems for upfront cash consideration in the amount of $12.4 million, plus possib ...
... The Company acquired PB Systems, Inc. and PB Systems Private Limited (together being "PB Systems"), effective June 1, 2015. PB Systems develops and implements software solutions for insurance clients. Ebix acquired PB Systems for upfront cash consideration in the amount of $12.4 million, plus possib ...
united states securities and exchange commission - corporate
... time-of-use data for critical peak pricing, tamper/theft detection and pre-paid metering. Revenue from the TWACS systems, which may be considered a class of similar products, accounted for approximately 24%, 26% and 28% of the Company’s total revenue in fiscal years 2007, 2006 and 2005, respectively ...
... time-of-use data for critical peak pricing, tamper/theft detection and pre-paid metering. Revenue from the TWACS systems, which may be considered a class of similar products, accounted for approximately 24%, 26% and 28% of the Company’s total revenue in fiscal years 2007, 2006 and 2005, respectively ...
Annual and Sustainability Report 2016
... In Latin America there are restrictions for access to financial services that are related to labor informality, self-employment, limited infrastructure and shortages in the socioeconomic development. However, inclusion is experiencing a growing trend, reflected in the increase of adults with at leas ...
... In Latin America there are restrictions for access to financial services that are related to labor informality, self-employment, limited infrastructure and shortages in the socioeconomic development. However, inclusion is experiencing a growing trend, reflected in the increase of adults with at leas ...
Q1 2017 Investor Presentation
... 3 Represents a non-GAAP financial measure. For important presentation information, see slide 27. 4 Regulatory capital ratios as of March 31, 2017 are preliminary. Common equity tier 1 (CET1) capital, risk-weighted assets (RWA) and CET1 ratio as shown on a fully phased-in basis are non-GAAP financial ...
... 3 Represents a non-GAAP financial measure. For important presentation information, see slide 27. 4 Regulatory capital ratios as of March 31, 2017 are preliminary. Common equity tier 1 (CET1) capital, risk-weighted assets (RWA) and CET1 ratio as shown on a fully phased-in basis are non-GAAP financial ...
29 - San Francisco State University
... eventual turnaround result (Singh and Lumsden, 1990; Haveman, 1993). The relationship between size and consequence of a declining situation has been debated in the literature. Large firms are more insulated (Hannan and Freeman, 1984) and possess the stability to overcome adverse economic situations ...
... eventual turnaround result (Singh and Lumsden, 1990; Haveman, 1993). The relationship between size and consequence of a declining situation has been debated in the literature. Large firms are more insulated (Hannan and Freeman, 1984) and possess the stability to overcome adverse economic situations ...