Essays on the Forecasting Power of Implied Volatility
... stock splits, whereas Klein and Peterson (1988) find no response of implied volatility to stock splits2. Implied volatility functions have also been used to obtain the risk neutral densities of the underlying asset (Campa, Chang and Reider (1998), Bliss and Panigirtzoglou (2004)). ...
... stock splits, whereas Klein and Peterson (1988) find no response of implied volatility to stock splits2. Implied volatility functions have also been used to obtain the risk neutral densities of the underlying asset (Campa, Chang and Reider (1998), Bliss and Panigirtzoglou (2004)). ...
MDM - Document de Base
... the forward-looking statements contained in this Registration Document. The forward-looking statements contained in this Registration Document are based on data, assumptions, and estimates that the Group considers reasonable. Such information is subject to change or modification based on uncertainti ...
... the forward-looking statements contained in this Registration Document. The forward-looking statements contained in this Registration Document are based on data, assumptions, and estimates that the Group considers reasonable. Such information is subject to change or modification based on uncertainti ...
Sovereign Risk, Currency Risk, and Corporate Balance Sheets.
... sector with FC external liabilities and LC revenues into the canonical Eaton and Gersovitz (1981) sovereign default model, as formulated in a quantitative framework by Aguiar and Gopinath (2006) and Arellano (2008). The model demonstrates that the borrowing patterns of the private sector can have la ...
... sector with FC external liabilities and LC revenues into the canonical Eaton and Gersovitz (1981) sovereign default model, as formulated in a quantitative framework by Aguiar and Gopinath (2006) and Arellano (2008). The model demonstrates that the borrowing patterns of the private sector can have la ...
words - Investor Relations Solutions
... headquartered in Naples, Florida that had total assets of approximately $1.7 billion and operated 28 branches in southwest Florida and the Florida Keys. Upon the closing of the TIB Financial investment on September 30, 2010, we owned approximately 99% of the outstanding voting power of TIB Financial ...
... headquartered in Naples, Florida that had total assets of approximately $1.7 billion and operated 28 branches in southwest Florida and the Florida Keys. Upon the closing of the TIB Financial investment on September 30, 2010, we owned approximately 99% of the outstanding voting power of TIB Financial ...
issue price: 101%
... used by, any other person. By accepting delivery of this Prospectus each prospective investor agrees to treat the contents hereof as confidential. No person has been authorised to give any information or to make any representations other than those contained in this Prospectus and, if given or made, ...
... used by, any other person. By accepting delivery of this Prospectus each prospective investor agrees to treat the contents hereof as confidential. No person has been authorised to give any information or to make any representations other than those contained in this Prospectus and, if given or made, ...
Ballard Power Systems Inc.
... The consolidated financial statements contained in this Annual Report have been prepared by management in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. The integrity and objectivity of the data in these consolidated fi ...
... The consolidated financial statements contained in this Annual Report have been prepared by management in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. The integrity and objectivity of the data in these consolidated fi ...
public accounts and estimates committee
... associated with the financial management of the State. Its functions under the Act are to inquire into, consider and report to the Parliament on: • any proposal, matter or thing concerned with public administration or public sector finances; • the annual estimates or receipts and payments and othe ...
... associated with the financial management of the State. Its functions under the Act are to inquire into, consider and report to the Parliament on: • any proposal, matter or thing concerned with public administration or public sector finances; • the annual estimates or receipts and payments and othe ...
The Effect of Corporate Governance on Stock Repurchases
... governance (Agnblad, Berglöf, Högfeldt, & Svencar, 2001; Stafsudd, 2009). Swedish controlling shareholders are, for example, typically involved in board work (Dzialo, Jonnergård, Kärreman, Svensson, & Urbanek, 1998; Jonnergård & Kärreman, 2004; Jonnergård & Larsson, 2007). Moreover, managerial compe ...
... governance (Agnblad, Berglöf, Högfeldt, & Svencar, 2001; Stafsudd, 2009). Swedish controlling shareholders are, for example, typically involved in board work (Dzialo, Jonnergård, Kärreman, Svensson, & Urbanek, 1998; Jonnergård & Kärreman, 2004; Jonnergård & Larsson, 2007). Moreover, managerial compe ...
NBER WORKING PAPER SERIES AMBIGUITY AVERSION AND HOUSEHOLD PORTFOLIO CHOICE: EMPIRICAL EVIDENCE
... We find evidence consistent with both predictions. Ambiguity aversion is negatively related to foreign stock ownership, but positively related to own-company stock ownership. This pattern holds both in the overall sample, and within the subset of equity holders. The results for equity owners are of ...
... We find evidence consistent with both predictions. Ambiguity aversion is negatively related to foreign stock ownership, but positively related to own-company stock ownership. This pattern holds both in the overall sample, and within the subset of equity holders. The results for equity owners are of ...
Advanced BioEnergy, LLC (Form: 10-K, Received: 12/29
... beyond our control that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” sect ...
... beyond our control that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” sect ...
- TP ICAP
... regulated market in the European Economic Area and/or offered to the public in the European Economic Area other than in circumstances where an exemption is available under Article 3.2 of the Prospectus Directive (as implemented in the relevant Member State(s)). This Prospectus shall be used only in ...
... regulated market in the European Economic Area and/or offered to the public in the European Economic Area other than in circumstances where an exemption is available under Article 3.2 of the Prospectus Directive (as implemented in the relevant Member State(s)). This Prospectus shall be used only in ...
Determinants of Capital Structure: Evidence from a Major
... 2. Main connections with the literature The theory of corporate finance in a modern sense begins with the Modigliani and Miller (1958) theorem, which states that in a frictionless capital market a firm’s market value is independent of how it finances its operations. Subsequent research emphasized im ...
... 2. Main connections with the literature The theory of corporate finance in a modern sense begins with the Modigliani and Miller (1958) theorem, which states that in a frictionless capital market a firm’s market value is independent of how it finances its operations. Subsequent research emphasized im ...
Annual Report - Putnam Investments
... a diversified portfolio, and remain focused on the long term. Also, seeking the counsel of a professional financial advisor, who can help keep your portfolio aligned with your goals, risk tolerance, and time horizon, may prove to be beneficial. In any market environment, we favor active strategies b ...
... a diversified portfolio, and remain focused on the long term. Also, seeking the counsel of a professional financial advisor, who can help keep your portfolio aligned with your goals, risk tolerance, and time horizon, may prove to be beneficial. In any market environment, we favor active strategies b ...
AGILENT TECHNOLOGIES, INC. - Investor Relations Solutions
... The life sciences market, which deals with the human condition, healthcare, therapeutics and diagnostics, represents Agilent’s biggest measurement growth opportunity. Pharmaceutical companies are increasingly moving from chemical therapeutics to biological therapeutics. In addition, discoveries in g ...
... The life sciences market, which deals with the human condition, healthcare, therapeutics and diagnostics, represents Agilent’s biggest measurement growth opportunity. Pharmaceutical companies are increasingly moving from chemical therapeutics to biological therapeutics. In addition, discoveries in g ...
re-powering markets - International Energy Agency
... this new vision is coupled with maintaining and reinforcing the core IEA mission on energy security. There is no field where clean energy and energy security interact more powerfully than Page | 3 electricity regulation and market design. The most powerful image of an energy security problem is a ma ...
... this new vision is coupled with maintaining and reinforcing the core IEA mission on energy security. There is no field where clean energy and energy security interact more powerfully than Page | 3 electricity regulation and market design. The most powerful image of an energy security problem is a ma ...
Inflation`s next phase - JP Morgan Asset Management
... Until the 1990s, U.S. headline and core inflation rates generally moved hand in hand. On the left side of Exhibit 5, the lines representing headline and core inflation rates in the 1960s, 1970s and into the 1980s are overlaid, essentially on top of each other. EXHIBIT 7 also illustrates this idea, b ...
... Until the 1990s, U.S. headline and core inflation rates generally moved hand in hand. On the left side of Exhibit 5, the lines representing headline and core inflation rates in the 1960s, 1970s and into the 1980s are overlaid, essentially on top of each other. EXHIBIT 7 also illustrates this idea, b ...
Statement of Advice sample wording
... The fund aims to provide long term growth of capital by investing predominantly in publicly traded global equity securities (unhedged to the Australian dollar). Investment strategy Altrinsic is a high conviction fundamental value orientated global equity manager. Altrinsic specialises in company res ...
... The fund aims to provide long term growth of capital by investing predominantly in publicly traded global equity securities (unhedged to the Australian dollar). Investment strategy Altrinsic is a high conviction fundamental value orientated global equity manager. Altrinsic specialises in company res ...
Guide to Private Equity and Venture Capital for
... providing capital to buy the business from, for example, a corporate, another private equity house, the public markets or a family owner. At the larger end of the deal spectrum are the global buyout firms, many of which now manage funds in other asset classes, such as real estate and infrastructure. ...
... providing capital to buy the business from, for example, a corporate, another private equity house, the public markets or a family owner. At the larger end of the deal spectrum are the global buyout firms, many of which now manage funds in other asset classes, such as real estate and infrastructure. ...
Whither Delaware? Limited Commitment and the Financial Value of
... to the board’s greater insulation from disciplining market forces. Nevertheless, the positive effect on firm value we document in the time series for firms reincorporating into a Managerial State seems to indicate that such an increase in moral hazard is more than compensated by the benefits accruin ...
... to the board’s greater insulation from disciplining market forces. Nevertheless, the positive effect on firm value we document in the time series for firms reincorporating into a Managerial State seems to indicate that such an increase in moral hazard is more than compensated by the benefits accruin ...
prospectus
... materially from our expectations. Accordingly, you should not place undue reliance on the forward-looking statements contained or incorporated by reference in this prospectus. Such forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to u ...
... materially from our expectations. Accordingly, you should not place undue reliance on the forward-looking statements contained or incorporated by reference in this prospectus. Such forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to u ...
Zvi Wiener slide 1
... random or pseudo-random numbers using both approaches arithmetical and geometrical. Up jumps are 10 bp., and 1.1 Down -10bp., ans 0.9 Your side is fixed, discount at 7% annually. You do not have to submit, but bring it to the class, we will discuss it. Zvi Wiener ...
... random or pseudo-random numbers using both approaches arithmetical and geometrical. Up jumps are 10 bp., and 1.1 Down -10bp., ans 0.9 Your side is fixed, discount at 7% annually. You do not have to submit, but bring it to the class, we will discuss it. Zvi Wiener ...