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united states securities and exchange commission
... Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and management undertakes no obli ...
... Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and management undertakes no obli ...
NBER WORKING PAPER SERIES Michael D. Bordo
... periods which is likely to offset the negative effects of crises. Countries with high capital inflows grow faster on average than countries with low capital inflows. Other evidence suggests, to the contrary, that decoupling from the global capital market with capital controls in the post-World War I ...
... periods which is likely to offset the negative effects of crises. Countries with high capital inflows grow faster on average than countries with low capital inflows. Other evidence suggests, to the contrary, that decoupling from the global capital market with capital controls in the post-World War I ...
Fair Value Accounting and Measures of U.S. Corporate Profits for
... Under U.S. financial accounting rules, fair value accounting (FVA) is a practice in which an asset or liability is treated as sold at fair value even when no sale takes place. As a result, related holding gains and losses may be recognized in a firm’s income statement. In contrast to financial accou ...
... Under U.S. financial accounting rules, fair value accounting (FVA) is a practice in which an asset or liability is treated as sold at fair value even when no sale takes place. As a result, related holding gains and losses may be recognized in a firm’s income statement. In contrast to financial accou ...
Money as Friction: Conceptual Dissonance in
... “I first expound this approach in the context of a purely cashless economy –one in which there are assumed to be no transactions frictions that can be reduced through the use of money balances, and that accordingly provide a reason for holding such balances even when they earn a rate of return ...
... “I first expound this approach in the context of a purely cashless economy –one in which there are assumed to be no transactions frictions that can be reduced through the use of money balances, and that accordingly provide a reason for holding such balances even when they earn a rate of return ...
ISS research paper template
... external debt and its effects on the economy have been extensively debated in the past, not much focus has been given to domestic debts. The debate on external debts has raised concerns among international financial institutions and resulted in successful initiatives aimed at reducing debts burden o ...
... external debt and its effects on the economy have been extensively debated in the past, not much focus has been given to domestic debts. The debate on external debts has raised concerns among international financial institutions and resulted in successful initiatives aimed at reducing debts burden o ...
An Empirical Assessment of Models of the Value Premium*
... the value firms exhibit lower past profitability than the growth firms, and hence the value firms are riskier.5 The third explanation is closely related to the second one. Several structural models predict that firms with high operating leverage should earn higher subsequent returns, and value firms ...
... the value firms exhibit lower past profitability than the growth firms, and hence the value firms are riskier.5 The third explanation is closely related to the second one. Several structural models predict that firms with high operating leverage should earn higher subsequent returns, and value firms ...
The Central Bank and Interest Rate Risk
... They do not reflect current values as determined by market values. Effective financial decisionmaking requires up-to-date information that incorporates current expectations about future events. Market values provide the best estimate of the present condition of an FI and serve as an effective signal ...
... They do not reflect current values as determined by market values. Effective financial decisionmaking requires up-to-date information that incorporates current expectations about future events. Market values provide the best estimate of the present condition of an FI and serve as an effective signal ...
NBER WORKING PAPER SERIES LEVERAGE CONSTRAINTS AND THE INTERNATIONAL TRANSMISSION OF SHOCKS
... unlikely that trade linkages alone could account for the simultaneous downturns seen in all regions. If we take the US economy as the ultimate source of the financial crisis then it would be easy to explain the scale of the downturn in Mexico, for instance. But Figure 1 illustrates dramatic reductio ...
... unlikely that trade linkages alone could account for the simultaneous downturns seen in all regions. If we take the US economy as the ultimate source of the financial crisis then it would be easy to explain the scale of the downturn in Mexico, for instance. But Figure 1 illustrates dramatic reductio ...
04.06.2016Dividend policy
... changes its dividend policy in a significant manner, investors assume that it is in response to an expected change in the firm’s profitability which will last long. An increase in payout ratio signals to shareholders a permanent or long term increase in firm’s expected earnings. It is argued that th ...
... changes its dividend policy in a significant manner, investors assume that it is in response to an expected change in the firm’s profitability which will last long. An increase in payout ratio signals to shareholders a permanent or long term increase in firm’s expected earnings. It is argued that th ...
TIAA BROKERAGE SERVICES ACCOUNT APPLICATION
... By signing this TIAA Brokerage Services Account Application (“Application”), each Account Holder, individually, acknowledges, understands and certifies, as follows: I acknowledge that the Application is not for a foreign financial institution or a private banking account. I am opening a brokerage ac ...
... By signing this TIAA Brokerage Services Account Application (“Application”), each Account Holder, individually, acknowledges, understands and certifies, as follows: I acknowledge that the Application is not for a foreign financial institution or a private banking account. I am opening a brokerage ac ...
- TestbankU
... The impact of higher global oil prices in other countries is not necessarily the same. If the country produces its own oil, it can set the oil prices in its country. If it can prevent high oil prices in its country, then the prices of products (gasoline) and services (transportation) may not be affe ...
... The impact of higher global oil prices in other countries is not necessarily the same. If the country produces its own oil, it can set the oil prices in its country. If it can prevent high oil prices in its country, then the prices of products (gasoline) and services (transportation) may not be affe ...
Annual Report 2013
... Joining the board as a non-executive director this month will be David Richardson. David, who has worked extensively in the drinks industry, has significant experience as a nonexecutive director and will make an important contribution to the international development of the business. I am also delig ...
... Joining the board as a non-executive director this month will be David Richardson. David, who has worked extensively in the drinks industry, has significant experience as a nonexecutive director and will make an important contribution to the international development of the business. I am also delig ...
Inside Debt and Corporate Investment
... empirical support for the role of debt-like compensation, termed “inside debt,” in aligning managers’ risk-taking preferences with debt holders compared to equity holders. Sundaram and Yermack (2007) find that the ratio of inside debt to equity is negatively associated with default risk, which they ...
... empirical support for the role of debt-like compensation, termed “inside debt,” in aligning managers’ risk-taking preferences with debt holders compared to equity holders. Sundaram and Yermack (2007) find that the ratio of inside debt to equity is negatively associated with default risk, which they ...
Billabong International Limited
... Swell external sales) stated at half-year end exchange rates, being 1.1% higher compared to the pcp of 12.7% (excluding DaKine North America and Europe wholesale external sales). Whilst underlying working capital has reduced from 30 June 2014, working capital as a percentage of sales at December 201 ...
... Swell external sales) stated at half-year end exchange rates, being 1.1% higher compared to the pcp of 12.7% (excluding DaKine North America and Europe wholesale external sales). Whilst underlying working capital has reduced from 30 June 2014, working capital as a percentage of sales at December 201 ...
Capital Flows to Developing Countries: The Allocation Puzzle
... Finally this paper belongs to a small set of contributions that look at the implications of the recent “development accounting” literature for international economics. Development accounting has implications for the behavior of capital flows that have not been systematically explored in the literatu ...
... Finally this paper belongs to a small set of contributions that look at the implications of the recent “development accounting” literature for international economics. Development accounting has implications for the behavior of capital flows that have not been systematically explored in the literatu ...
Capital Markets Union
... We have measured the level of integration of capital markets by using two types of indicators: those based on price and those based on the economic decisions of agents. Below is a summary of our key findings. Stock markets are showing signs of convergence. Stock market returns of EU economies are sh ...
... We have measured the level of integration of capital markets by using two types of indicators: those based on price and those based on the economic decisions of agents. Below is a summary of our key findings. Stock markets are showing signs of convergence. Stock market returns of EU economies are sh ...
DOC - Investor Relations
... stock of Cinch from Safran S.A. Bel paid $39.7 million in cash and assumed an additional $0.8 million of expenses in exchange for the net assets acquired. The transaction was funded with cash on hand. Cinch is headquartered in Lombard, Illinois and has manufacturing facilities in Vinita, Oklahoma; R ...
... stock of Cinch from Safran S.A. Bel paid $39.7 million in cash and assumed an additional $0.8 million of expenses in exchange for the net assets acquired. The transaction was funded with cash on hand. Cinch is headquartered in Lombard, Illinois and has manufacturing facilities in Vinita, Oklahoma; R ...
Green Disclosures? Social Media and Prosocial Behavior
... green firms are expected to attract investors that want corporations to do good on their behalf.3 Using a sample of 447 of the largest US public firms whose environmental performance is ranked by Newsweek, we conduct several tests to investigate whether green firms utilize Twitter to disclose their ...
... green firms are expected to attract investors that want corporations to do good on their behalf.3 Using a sample of 447 of the largest US public firms whose environmental performance is ranked by Newsweek, we conduct several tests to investigate whether green firms utilize Twitter to disclose their ...
CHEVRON CORP (Form: 10-Q, Received: 05/02/2014 12:06:18)
... The accompanying consolidated financial statements of Chevron Corporation and its subsidiaries (the company) have not been audited by an independent registered public accounting firm. In the opinion of the company’s management, the interim data includes all adjustments necessary for a fair statement ...
... The accompanying consolidated financial statements of Chevron Corporation and its subsidiaries (the company) have not been audited by an independent registered public accounting firm. In the opinion of the company’s management, the interim data includes all adjustments necessary for a fair statement ...
NBER WORKING PAPER SERIES INDIA’S EXPERIENCE WITH CAPITAL FLOWS: CURRENT ACCOUNT DEFICIT
... While portfolio flows are sometimes considered volatile, in India’s experience, there has been no episode of a significant retreat by foreign investors. Net FDI and net portfolio flows have been fairly stable. Debt flows have been highly volatile, reflecting numerous changes in capital controls appl ...
... While portfolio flows are sometimes considered volatile, in India’s experience, there has been no episode of a significant retreat by foreign investors. Net FDI and net portfolio flows have been fairly stable. Debt flows have been highly volatile, reflecting numerous changes in capital controls appl ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... prevailing inflation rates, thereby reducing 6.Auerbach and Hines (1988) offer evidence of such long-run adjustment for the United States in the postwar period. 7. Optimal choices of b are generally functions of 7~ (and other parameters) rather than fixed values. From the envelope theorem, however, ...
... prevailing inflation rates, thereby reducing 6.Auerbach and Hines (1988) offer evidence of such long-run adjustment for the United States in the postwar period. 7. Optimal choices of b are generally functions of 7~ (and other parameters) rather than fixed values. From the envelope theorem, however, ...