DETAILED KNOWLEDGE MAKES THE DIFFERENCE
... This report is intended for general information and is based upon material in our possession or supplied to us that we believe to be reliable. Whilst every effort has been made to ensure its accuracy and completeness, we cannot offer any warranty that factual errors may not have occurred. Newsec tak ...
... This report is intended for general information and is based upon material in our possession or supplied to us that we believe to be reliable. Whilst every effort has been made to ensure its accuracy and completeness, we cannot offer any warranty that factual errors may not have occurred. Newsec tak ...
Understanding Your Choices - FieldNet
... in his or her portfolio’s value. What if the same investor added international stocks to the mix, creating a portfolio composed of 50% large company U.S. stocks and 50% international stocks? Assuming the international stocks were up 15% that year, the investor would have a far smoother ride, realizi ...
... in his or her portfolio’s value. What if the same investor added international stocks to the mix, creating a portfolio composed of 50% large company U.S. stocks and 50% international stocks? Assuming the international stocks were up 15% that year, the investor would have a far smoother ride, realizi ...
... several reasons to reconsider these questions in a more structural framework that includes production, such as the standard dynamic stochastic general equilibrium (DSGE) framework used in macroeconomics. First, endowment economy studies rely on reduced-form empirical specifications for consumption a ...
statement of investment policy and objectives sipo
... execution at the best price levels attainable, and at acceptable transaction costs. All transactions on behalf of clients are executed at arm’s length through approved counterparties. Importantly, Mint does not participate in activities, such as “soft dollar arrangements”, which could introduce pote ...
... execution at the best price levels attainable, and at acceptable transaction costs. All transactions on behalf of clients are executed at arm’s length through approved counterparties. Importantly, Mint does not participate in activities, such as “soft dollar arrangements”, which could introduce pote ...
The Main Agency Problems and Their Consequences
... dilutes his ownership. In the opinion of Williamson (1988, p. 322) this is the key cost, since the other two are incurred only to the extent that they yield cost-effective reductions in the residual loss. The shift out of profits into managerial discretion, induced by a dilution of ownership, is res ...
... dilutes his ownership. In the opinion of Williamson (1988, p. 322) this is the key cost, since the other two are incurred only to the extent that they yield cost-effective reductions in the residual loss. The shift out of profits into managerial discretion, induced by a dilution of ownership, is res ...
Financial Liberalisation and Crises
... They “also count 211 currency crises and 66 sovereign crises over the period” (p. 226); Eichengreen and Arteta (2002) provide a survey of empirical studies, which show strong evidence of the proposition that financial liberalization increases the likelihood of systematic banking crises; ...
... They “also count 211 currency crises and 66 sovereign crises over the period” (p. 226); Eichengreen and Arteta (2002) provide a survey of empirical studies, which show strong evidence of the proposition that financial liberalization increases the likelihood of systematic banking crises; ...
455 KB - Financial System Inquiry
... governments imposed ceilings on the interest rates payable on bank deposits and loans, controls on the maturities of interest bearing deposits at banks, and restrictions on lending by banks and life companies. These measures can be presumed to have inhibited the allocative efficiency of the Australi ...
... governments imposed ceilings on the interest rates payable on bank deposits and loans, controls on the maturities of interest bearing deposits at banks, and restrictions on lending by banks and life companies. These measures can be presumed to have inhibited the allocative efficiency of the Australi ...
CAPITAL MARKETS PRODUCT RISK BOOK
... A derivative is a financial instrument whose price is dependent upon or derived from one (or more) underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include sto ...
... A derivative is a financial instrument whose price is dependent upon or derived from one (or more) underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include sto ...
Market Selection and the Information Content of Prices
... More specifically, suppose that n bidders, each with unit demand, receive an informative but imperfect signal about the state of the world. The bidders then choose to participate in one of two auctions. There are km = κm n goods on auction in market m where κm < 12 . In auction market m, bidders cho ...
... More specifically, suppose that n bidders, each with unit demand, receive an informative but imperfect signal about the state of the world. The bidders then choose to participate in one of two auctions. There are km = κm n goods on auction in market m where κm < 12 . In auction market m, bidders cho ...
Religious Activity, Risk Taking Preferences, and Financial Behaviour
... financial matters. Moreover, our present paper adds to the literature a specific within-country analysis, as opposed to cross-country studies, to provide further empirical evidence on the impact of religiosity. Studying the economic consequences of religion in Germany may shed light on the distincti ...
... financial matters. Moreover, our present paper adds to the literature a specific within-country analysis, as opposed to cross-country studies, to provide further empirical evidence on the impact of religiosity. Studying the economic consequences of religion in Germany may shed light on the distincti ...
have Higher Stock Returns? - IC
... Fulmer, Gerhart and Scott (2003) compare the companies on the list «100 Best Companies to Work in America» with two sets of other companies, a matched group and the broad market. The authors concluded that companies on the list have more “stable and highly positive workforce attitudes” (Fulmer, Gerh ...
... Fulmer, Gerhart and Scott (2003) compare the companies on the list «100 Best Companies to Work in America» with two sets of other companies, a matched group and the broad market. The authors concluded that companies on the list have more “stable and highly positive workforce attitudes” (Fulmer, Gerh ...
The impact of Agency Problem in Firm value and the Greek Stock
... management decision process is agency theory. Corporate Governance mechanisms are held responsible for establishing a sound and strong framework for protecting investors and therefore for helping the development of financial markets. Demsetz and Lehn (1985) identified ownership structure as an impor ...
... management decision process is agency theory. Corporate Governance mechanisms are held responsible for establishing a sound and strong framework for protecting investors and therefore for helping the development of financial markets. Demsetz and Lehn (1985) identified ownership structure as an impor ...
bond prices
... (or the expected YTM of 1-year bond) in the future •According to expectation hypothesis, the forward rate = expected short term rate. •Forward rate is the inferred short-term rate of interest for a future period that makes the expected total return of a long-term bond = that of rolling over short-te ...
... (or the expected YTM of 1-year bond) in the future •According to expectation hypothesis, the forward rate = expected short term rate. •Forward rate is the inferred short-term rate of interest for a future period that makes the expected total return of a long-term bond = that of rolling over short-te ...
CEO Overview
... Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in t ...
... Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in t ...
STS Capital Calibrations
... bonds. This creates an unlevel playing field with other financial assets and may discourage STS investment. We understand that no steps have yet been taken to address this. If it does begin it will take time, perhaps a year or more. ...
... bonds. This creates an unlevel playing field with other financial assets and may discourage STS investment. We understand that no steps have yet been taken to address this. If it does begin it will take time, perhaps a year or more. ...
International Fixed Interest Fund
... The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund's assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek fina ...
... The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund's assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek fina ...
Country risk, country risk indices, and valuation of FDI: A real options
... in textual form. Written reports are useful in providing background information, but may often be too general and give little guidance to the numerical evaluation. The second source of information is analysis of prices of assets traded in financial markets. The procedure is as follows: A valuation m ...
... in textual form. Written reports are useful in providing background information, but may often be too general and give little guidance to the numerical evaluation. The second source of information is analysis of prices of assets traded in financial markets. The procedure is as follows: A valuation m ...
Momma Told Me Not to Do That: Our Discount for Estate Tax
... With a MAP, the partnership should qualify for this exception: the partnership is not engaged in a trade or business, almost all assets consist of money, stocks, and other publicly traded securities, and essentially only family members have been members. D. Section 731 is Only the Beginning in Deter ...
... With a MAP, the partnership should qualify for this exception: the partnership is not engaged in a trade or business, almost all assets consist of money, stocks, and other publicly traded securities, and essentially only family members have been members. D. Section 731 is Only the Beginning in Deter ...