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DBRS Recovery Ratings for Non-Investment Grade
DBRS Recovery Ratings for Non-Investment Grade

... enterprise (if the business is assumed to be sold as a going concern) or the value of specific assets (in, for example, the case of an assumed liquidation). DBRS may use one or more of the following methods, as appropriate, in estimating the enterprise value of an issuer or its assets upon emergence ...
SMITH GROUP LARGE CAP CORE GROWTH FUND Institutional
SMITH GROUP LARGE CAP CORE GROWTH FUND Institutional

... When selecting investments for the Fund, the Adviser employs quantitative and qualitative analysis to identify high quality companies that it believes have the ability to accelerate earnings growth and exceed investor expectations. The security selection process consists of three steps. Beginning wi ...
Debunking myths about ETF liquidity
Debunking myths about ETF liquidity

... are the only entities allowed to deal directly with an exchange-traded fund, buying and selling ETF shares at intrinsic, or net asset value (NAV), (just like traditional mutual fund subscriptions and redemptions). All other ETF investors must buy or sell ETF shares in the secondary market (such as a ...
Debunking myths about ETF liquidity
Debunking myths about ETF liquidity

A Guide to Understanding Opportunities and Risks in Futures Trading
A Guide to Understanding Opportunities and Risks in Futures Trading

PDF
PDF

... default experience than the market average, and low exposure to problem areas. Although today’s stubbornly low interest rates continue to put pressure on our investment income, we are able to offset this impact by adjusting the pricing of many of our products to accommodate changing economic environ ...
Financial Value of Brands in Mergers and Acquisitions: Is Value in
Financial Value of Brands in Mergers and Acquisitions: Is Value in

... trates the variance in brand value as a percentage of firm value. At one end of the spectrum, 49% of the firm value was attributed to brands with the purchase of Gillette, and at other end, less than 1.51% was attributed to the brand value in the acquisition of Latitude by Cisco Systems. What is the ...
Key Issues in the CLO Market Today
Key Issues in the CLO Market Today

Do Retail Trades Move Markets? - Faculty Directory | Berkeley-Haas
Do Retail Trades Move Markets? - Faculty Directory | Berkeley-Haas

Phillips 66 - cloudfront.net
Phillips 66 - cloudfront.net

... We own or lease various assets to provide terminaling and storage of crude oil, refined products, natural gas and NGL. These assets include pipeline systems; petroleum product, crude oil and LPG terminals; a petroleum coke handling facility; marine vessels; railcars and trucks. Pipelines and Termina ...
demand and supply analysis
demand and supply analysis

... • Study the determinants of price elasticity of demand. • Learn the distinction between market-level and brand-level price elasticities of demand. • Study other elasticities, including income elasticity of demand, cross-price elasticity of demand, and price elasticity of supply. • See how elasticiti ...
INFORMATION REQUESTS FOR ROGER A. MORIN (RAM) In the matter of:
INFORMATION REQUESTS FOR ROGER A. MORIN (RAM) In the matter of:

... Dr. Morin includes U.S. energy utilities in his comparisons of equity ratios. Does Dr. Morin agree that energy distribution in the U.S. is farther along in the process of deregulation? If not, please explain why not. If so, kindly explain Dr. Morin’s view of how greater deregulation affects the amou ...
Financial Instability and Monetary Policy: The Swedish Evidence
Financial Instability and Monetary Policy: The Swedish Evidence

... conditions for these effects to be zero are that a41 (z) and a43 (z) are both zero or that a32 (z) = a22 (z) = 0. An interesting observation that can be made immediately from this discussion is that neither does the first hypothesis in (3) imply (4) nor does the opposite hold true. Note that the hypot ...
Global perspectives: 2016 REIT report
Global perspectives: 2016 REIT report

... In recent years, the decline in long-term interest rates has pushed investors toward robust income streams. This has favored REITs. In Japan, for example, the approximate 3.1% dividend yield offered by REITs is signiÕcantly higher than that available from the major developers (generally less than 1. ...
Building Sub-national Debt Markets
Building Sub-national Debt Markets

... banks and IFIs to the approval and sovereign guarantee from the Ministry of Finance. As a result, private lending to local governments has virtually disappeared, and Treasury lending to local governments has increased rapidly. The pricing of Treasury credit to local governments does not take into a ...
Excel Models for Business and Operations Management
Excel Models for Business and Operations Management

Financial Report
Financial Report

... assets or deferred tax liabilities, related to a particular basic asset, should be measured through the prism of the expectation and intents of the respective entity on how the investments will be recovered in the carrying amount of this asset – though a sale or through a continuous use. Specific ru ...
Changing Invention Economics By Encouraging Corporate Inventors
Changing Invention Economics By Encouraging Corporate Inventors

Pre-Sale Fitch - The Paragon Group of Companies
Pre-Sale Fitch - The Paragon Group of Companies

... of 125% of the mortgage payment calculated on an interest-only basis, at either the product rate, or a reference rate of 5%, whichever is the higher. The rental income for all other property types must be a minimum rental income of 130% of the mortgage payment calculated on an interestonly basis, at ...
The world tuna industry
The world tuna industry

... One of the highest-profiled crises of the world tuna industry, and still unresolved from 1990, was determined by the tunadolphin issue. In May 1990 the main North American canners decided not to process any more tuna caught through the practice of encircling dolphins, therefore leading most of the t ...
Are Share Repurchases and Dividends Substitute
Are Share Repurchases and Dividends Substitute

... Furthermore, while share repurchase expenditures grew at an average annual rate of 26.1% over the period 1980-2000, dividends only grew at an average annual rate of 6.8%. As a consequence of these large differences in growth rates, share repurchases as a percentage of total dividends increased from ...
Unlocking SME finance through market-based debt
Unlocking SME finance through market-based debt

Annual Report - Primero Mining Corp.
Annual Report - Primero Mining Corp.

... with the possibility of drilling as deep as 1,500 metres. ...
Word - corporate
Word - corporate

... hedging can establish other positions designed to gain from those same developments, thereby offsetting the decline in the value of such portfolio positions. Such hedging transactions may also limit the opportunity for gain if the values of the underlying portfolio positions should increase. It may ...
DEBT CAPITAL MARKETS 2015 REVIEW AND 2016 FORECAST
DEBT CAPITAL MARKETS 2015 REVIEW AND 2016 FORECAST

... Primary activity remained low in October despite improving market conditions with spreads tightening marginally. EUR 12bn were issued in October 2015 vs. EUR 16bn in October 2014. ...
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Financial economics

Financial economics is the branch of economics characterized by a ""concentration on monetary activities"", in which ""money of one type or another is likely to appear on both sides of a trade"". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or ""investment theory"") and corporate finance; the first being the perspective of providers of capital and the second of users of capital.The subject is concerned with ""the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory.Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise these relationships. Mathematical finance is related in that it will derive and extend the mathematical or numerical models suggested by financial economics. Note though that the emphasis there is mathematical consistency, as opposed to compatibility with economic theory.Financial economics is usually taught at the postgraduate level; see Master of Financial Economics. Recently, specialist undergraduate degrees are offered in the discipline.Note that this article provides an overview and survey of the field: for derivations and more technical discussion, see the specific articles linked.
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