standards for the use of eu securities settlement systems in escb
... Central banks are concerned about the financial soundness of securities clearance and settlement arrangements because they perceive that any disturbance affecting settlement in securities markets has the potential to spread to payment systems and to the financial sector in general. Recent reports pr ...
... Central banks are concerned about the financial soundness of securities clearance and settlement arrangements because they perceive that any disturbance affecting settlement in securities markets has the potential to spread to payment systems and to the financial sector in general. Recent reports pr ...
DOCx
... As with much of microeconomic theory, many of the economic principles in this book were originally derived with the help of mathematics and abstract models based on logic and algebra. In this book, the focus is on the insights gained from these principles, not the derivation of the principles, so on ...
... As with much of microeconomic theory, many of the economic principles in this book were originally derived with the help of mathematics and abstract models based on logic and algebra. In this book, the focus is on the insights gained from these principles, not the derivation of the principles, so on ...
The Performance of IPO Investment Strategies and Pseudo Market
... overvalues IPOs. Underperformance emerges if the market learns about the firm’s true value subsequent to the IPO. However, Schultz (2003) provides a rational explanation for worse IPO performance in hot markets which he calls pseudo market timing.3 This explanation is based on the assumption that IP ...
... overvalues IPOs. Underperformance emerges if the market learns about the firm’s true value subsequent to the IPO. However, Schultz (2003) provides a rational explanation for worse IPO performance in hot markets which he calls pseudo market timing.3 This explanation is based on the assumption that IP ...
Pseudo Market Timing and the Long-Run Underperformance of IPOs
... assumptions. First, it is assumed that at higher levels of stock prices, more firms will go public. Second, it is assumed that excess returns of IPOs are positively correlated cross-sectionally. Other simplifying assumptions are unimportant. The results are unchanged if more than two periods are con ...
... assumptions. First, it is assumed that at higher levels of stock prices, more firms will go public. Second, it is assumed that excess returns of IPOs are positively correlated cross-sectionally. Other simplifying assumptions are unimportant. The results are unchanged if more than two periods are con ...
retail inventory method
... Expense recorded when loss in utility occurs. Profit on sale recognized at the point of sale. ...
... Expense recorded when loss in utility occurs. Profit on sale recognized at the point of sale. ...
Managerial Risk-Taking and CEO Excess Compensation
... stream of literature discussed above by identifying a new determinant of CEO excess compensation and by explaining the impacts of CEO risk taking on their compensation. To the best of our knowledge, this is the first study conducting an in-depth examination of CEO compensation in general and excess ...
... stream of literature discussed above by identifying a new determinant of CEO excess compensation and by explaining the impacts of CEO risk taking on their compensation. To the best of our knowledge, this is the first study conducting an in-depth examination of CEO compensation in general and excess ...
Herman J. Bierens - Personal.psu.edu
... Appendix B). Existing studies on the dynamics of individual bond credit spreads have mostly focused on monthly prices of investment grade bonds because of data constraints (e.g., Duffee, 1999). A study of high-yield indices may help understand the general dynamics of credit spreads in the high-yield ...
... Appendix B). Existing studies on the dynamics of individual bond credit spreads have mostly focused on monthly prices of investment grade bonds because of data constraints (e.g., Duffee, 1999). A study of high-yield indices may help understand the general dynamics of credit spreads in the high-yield ...
Information Statement MNTRUST
... with a fixed maturity. All Participants of the Fund are eligible to participate in any Term Series Portfolio. Each Participant determines whether to participate in a Term Series Portfolio, and makes its own independent investment decision. The Investment Advisor selects investments for the Term Seri ...
... with a fixed maturity. All Participants of the Fund are eligible to participate in any Term Series Portfolio. Each Participant determines whether to participate in a Term Series Portfolio, and makes its own independent investment decision. The Investment Advisor selects investments for the Term Seri ...
united states securities and exchange commission - corporate
... Federal-Mogul Corporation (the “Company”) is a leading global supplier of technology and innovation in vehicle and industrial products for fuel economy, alternative energies, environment and safety systems. The Company serves the world’s foremost original equipment manufacturers (“OEM”) of automotiv ...
... Federal-Mogul Corporation (the “Company”) is a leading global supplier of technology and innovation in vehicle and industrial products for fuel economy, alternative energies, environment and safety systems. The Company serves the world’s foremost original equipment manufacturers (“OEM”) of automotiv ...
NBER WORKING PAPER SERIES CAPITAL STRUCTURE WITH RISKY FOREIGN INVESTMENT Mihir A. Desai
... extend beyond financing decisions to operational decisions. Multinational firms serving politically risky foreign markets are more likely to share ownership with local partners and to serve customers through exports from the United States rather than produce locally. Multinational firms alter both f ...
... extend beyond financing decisions to operational decisions. Multinational firms serving politically risky foreign markets are more likely to share ownership with local partners and to serve customers through exports from the United States rather than produce locally. Multinational firms alter both f ...
Government Guarantees and Fiscal Risk, April 1, 2005
... exposed during crises. This places a premium on developing a rational, forward-looking policy towards guarantees, for which transparency is a precondition. The main accounting and reporting challenge is that the contingent nature of guarantees makes valuing them difficult. However, a number of analy ...
... exposed during crises. This places a premium on developing a rational, forward-looking policy towards guarantees, for which transparency is a precondition. The main accounting and reporting challenge is that the contingent nature of guarantees makes valuing them difficult. However, a number of analy ...
The Impact of Costs and Returns on the Investment
... among large Swiss pension funds. Public, corporate, and industry-wide/multiemployer pension funds participated in the survey. The report reveals that portfolio diversification is the main decision criteria for Swiss pension fund managers when structuring their portfolios. The riskreturn-relation is ...
... among large Swiss pension funds. Public, corporate, and industry-wide/multiemployer pension funds participated in the survey. The report reveals that portfolio diversification is the main decision criteria for Swiss pension fund managers when structuring their portfolios. The riskreturn-relation is ...
northstar realty europe corp. - corporate
... ability to divest non-strategic properties, our management’s track record and our ability to raise and effectively deploy capital. Our ability to predict results or the actual effect of plans or strategies is inherently uncertain, particularly given the economic environment. Although we believe that ...
... ability to divest non-strategic properties, our management’s track record and our ability to raise and effectively deploy capital. Our ability to predict results or the actual effect of plans or strategies is inherently uncertain, particularly given the economic environment. Although we believe that ...
The role of inflation-linked bonds Increasing, but still modest
... they should be interesting for households, firms and governments as well. They should be particularly interesting for investors who want to hold on to their investments for very long periods, say twenty years or more. But there are also cons. The market for inflation-linked bonds is generally less l ...
... they should be interesting for households, firms and governments as well. They should be particularly interesting for investors who want to hold on to their investments for very long periods, say twenty years or more. But there are also cons. The market for inflation-linked bonds is generally less l ...
hussman strategic dividend value fund
... Shares of the Fund may fall in value and there is a risk that you could lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective. Due to the investment techniques employed by the Fund and the types of securities in which it invests, the Fund ...
... Shares of the Fund may fall in value and there is a risk that you could lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective. Due to the investment techniques employed by the Fund and the types of securities in which it invests, the Fund ...
Rethinking the Role of Recourse in the Sale of Financial Assets
... would not have to worry about the automatic stay, turnover, or any interference with its property rights. This result is good for the buyer, but some might argue that it damages the debtor's chances for rehabilitation and creditors' expectations of equal treatment. Because of this tension between th ...
... would not have to worry about the automatic stay, turnover, or any interference with its property rights. This result is good for the buyer, but some might argue that it damages the debtor's chances for rehabilitation and creditors' expectations of equal treatment. Because of this tension between th ...
Wage Indexation, Supply Shocks, and Monetary Policy in a Small
... The energy crises of the 1970s stimulated a renewed interest in questions concerning the proper adjustment to external supply shocks. In general, restoring equilibrium in response to shocks necessitates the adjustment of both quantities and prices. When applied to labor markets, various proposals fo ...
... The energy crises of the 1970s stimulated a renewed interest in questions concerning the proper adjustment to external supply shocks. In general, restoring equilibrium in response to shocks necessitates the adjustment of both quantities and prices. When applied to labor markets, various proposals fo ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... The energy crises of the 1970s stimulated a renewed interest in questions concerning the proper adjustment to external supply shocks. In general, restoring equilibrium in response to shocks necessitates the adjustment of both quantities and prices. When applied to labor markets, various proposals fo ...
... The energy crises of the 1970s stimulated a renewed interest in questions concerning the proper adjustment to external supply shocks. In general, restoring equilibrium in response to shocks necessitates the adjustment of both quantities and prices. When applied to labor markets, various proposals fo ...
annual report 2014
... ‘I always wonder about the contradiction between quality and quantity. If I went through the newspapers of the past 30 years, I would be struck by the emphasis that has always been placed on growth. We sometimes forget the playing field where this growth is supposed to occur. If something is squeeze ...
... ‘I always wonder about the contradiction between quality and quantity. If I went through the newspapers of the past 30 years, I would be struck by the emphasis that has always been placed on growth. We sometimes forget the playing field where this growth is supposed to occur. If something is squeeze ...
2016 年 11 月 1 日～2017 年 4 月 30 日
... Exposure to other price risk Other price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to ...
... Exposure to other price risk Other price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to ...
Value Accounts Investment Funds 2016
... The Fund invests in Australian and International equity and fixed income instruments and employs the use of derivative financial instruments (but does not adopt hedge accounting). The underlying investee funds meet the definition of a structured entity. The illustrative example of structured entitie ...
... The Fund invests in Australian and International equity and fixed income instruments and employs the use of derivative financial instruments (but does not adopt hedge accounting). The underlying investee funds meet the definition of a structured entity. The illustrative example of structured entitie ...
Corruption`s Impact on Liquidity, Investment
... pricing context. At the macroeconomic level, one candidate for impacting liquidity, as Shleifer and Wolfenzon (2002) has discussed, is the level of corruption. So, one can view our focus on corruption as another means to assess how corruption affects liquidity which, in turn, influences required re ...
... pricing context. At the macroeconomic level, one candidate for impacting liquidity, as Shleifer and Wolfenzon (2002) has discussed, is the level of corruption. So, one can view our focus on corruption as another means to assess how corruption affects liquidity which, in turn, influences required re ...
clear invest
... PUTTING YOU FIRST We are committed to providing excellent customer service to you at all times, from the moment you apply right throughout the life of your plan. When you ring us, you will get straight through to our customer service team, who’ll be on hand to listen to your queries and help you whe ...
... PUTTING YOU FIRST We are committed to providing excellent customer service to you at all times, from the moment you apply right throughout the life of your plan. When you ring us, you will get straight through to our customer service team, who’ll be on hand to listen to your queries and help you whe ...