Stronger Risk Controls, Lower Risk: Evidence from US Bank Holding
... internal risk controls. If strong internal risk controls cause the BHC to forgo profitable but risky activities like asset management or derivatives trading, then it is possible that the stock market penalizes BHCs with high RMI. On the other hand, if strong risk controls can help a BHC avoid taking ...
... internal risk controls. If strong internal risk controls cause the BHC to forgo profitable but risky activities like asset management or derivatives trading, then it is possible that the stock market penalizes BHCs with high RMI. On the other hand, if strong risk controls can help a BHC avoid taking ...
Effect of Dividend Policies on Firm Value
... The dividend irrelevance theory by Miller and Modigliani (1961)[18] is based on the premise that a firms dividend policy is independent of the value of the share price and that the dividend decision is a passive residual. They are of the view that the value of the firm is determined by its investmen ...
... The dividend irrelevance theory by Miller and Modigliani (1961)[18] is based on the premise that a firms dividend policy is independent of the value of the share price and that the dividend decision is a passive residual. They are of the view that the value of the firm is determined by its investmen ...
prospectus - Cullen Funds
... The High Dividend Fund invests, under normal circumstances, at least 80% of its net assets in dividend paying common stocks of medium- and large-capitalization companies. As a point of comparison, a high dividend common stock that the High Dividend Fund would invest in would generally have a dividen ...
... The High Dividend Fund invests, under normal circumstances, at least 80% of its net assets in dividend paying common stocks of medium- and large-capitalization companies. As a point of comparison, a high dividend common stock that the High Dividend Fund would invest in would generally have a dividen ...
RITCHIE BROS AUCTIONEERS INC (Form: 8-K
... We believe that emerging markets may also offer significant potential for growth in the long-term. Ritchie Bros. is a public company listed on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “RBA” and, as of November 28, 2016, had total equity market capitaliz ...
... We believe that emerging markets may also offer significant potential for growth in the long-term. Ritchie Bros. is a public company listed on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “RBA” and, as of November 28, 2016, had total equity market capitaliz ...
Competition, Reach for Yield, and Money Market Funds
... decreases with the cost of default, and the equilibrium default probability is strictly positive for (almost) all funds. Funds trade off expected costs of default for the expected gains of outperforming competitors by taking more risk. The fund with the highest default cost anticipates that in equil ...
... decreases with the cost of default, and the equilibrium default probability is strictly positive for (almost) all funds. Funds trade off expected costs of default for the expected gains of outperforming competitors by taking more risk. The fund with the highest default cost anticipates that in equil ...
Mind the gap: the arms length principle and MNE value
... Multinational enterprises (MNEs) operating by way of wholly owned subsidiaries are responsible for an increasing percentage of global trade. This paper looks at how the existing rules based on the arm’s length principle allocate a MNE’s profit between the taxing jurisdictions in which it operates. I ...
... Multinational enterprises (MNEs) operating by way of wholly owned subsidiaries are responsible for an increasing percentage of global trade. This paper looks at how the existing rules based on the arm’s length principle allocate a MNE’s profit between the taxing jurisdictions in which it operates. I ...
Derivatives: A Twenty-First Century Understanding
... secondary source such as an underlying bond, commodity, or index. This definition is both over-inclusive and under-inclusive. Thus, not surprisingly, even many policy makers, regulators, and legal analysts misunderstand them. It is important for interested parties such as policy makers to understand ...
... secondary source such as an underlying bond, commodity, or index. This definition is both over-inclusive and under-inclusive. Thus, not surprisingly, even many policy makers, regulators, and legal analysts misunderstand them. It is important for interested parties such as policy makers to understand ...
Conflicts of Interest in the Financial Services Industry
... develops a framework for evaluating policies to remedy them. Conflicts of interest occur when a financial service provider, or an agent within such a provider, has multiple interests that create incentives to act in such a way as to misuse or conceal information. Conflicts of interest present a prob ...
... develops a framework for evaluating policies to remedy them. Conflicts of interest occur when a financial service provider, or an agent within such a provider, has multiple interests that create incentives to act in such a way as to misuse or conceal information. Conflicts of interest present a prob ...
The information content of share repurchases
... firms with limited investment opportunities improve their operating efficiency by redeploying assets and returning proceeds of asset sales via share repurchases. Performance improvement from asset re-deployment is more in the spirit of the free cash flow hypothesis than the information-signaling hyp ...
... firms with limited investment opportunities improve their operating efficiency by redeploying assets and returning proceeds of asset sales via share repurchases. Performance improvement from asset re-deployment is more in the spirit of the free cash flow hypothesis than the information-signaling hyp ...
predictions, projections, and precautions: conveying cautionary
... panied by “meaningful cautionary statements” identifying important factors that could cause actual results to differ from the forward-looking statement. Second, the Safe Harbor protects corporations from liability if the forward-looking statement is immaterial. Finally, the corporation is protected ...
... panied by “meaningful cautionary statements” identifying important factors that could cause actual results to differ from the forward-looking statement. Second, the Safe Harbor protects corporations from liability if the forward-looking statement is immaterial. Finally, the corporation is protected ...
Form 8-K GENERAL ELECTRIC CAPITAL SERVICES INC/CT
... The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information, except to the extent such damages or losses cannot be limited or excluded ...
... The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information, except to the extent such damages or losses cannot be limited or excluded ...
Winning Strategy Delivering Value
... imperative. We continue to make progress in improving SG&A expense by controlling cost and continuing to consolidate our footprint and elimi200 nate waste from our supply chain. ...
... imperative. We continue to make progress in improving SG&A expense by controlling cost and continuing to consolidate our footprint and elimi200 nate waste from our supply chain. ...
Watani Investment Company K.S.C.C. (“NBK Capital”) and KAMCO
... this Prospectus as at the date hereof, certain portions of the market and industry information herein are derived from external sources, and while neither the Bank, the Managers, nor their respective advisors have any reason to believe that any of the market and industry information is materially in ...
... this Prospectus as at the date hereof, certain portions of the market and industry information herein are derived from external sources, and while neither the Bank, the Managers, nor their respective advisors have any reason to believe that any of the market and industry information is materially in ...
Capital-Market Effects of Securities Regulation: Prior Conditions
... We find that market liquidity increases when new market abuse (MAD) and transparency (TPD) regulations come into force. The estimated magnitudes for the MAD and TPD are similar and suggest an increase in liquidity around 10% relative to predirective levels. We can translate this improvement into (vo ...
... We find that market liquidity increases when new market abuse (MAD) and transparency (TPD) regulations come into force. The estimated magnitudes for the MAD and TPD are similar and suggest an increase in liquidity around 10% relative to predirective levels. We can translate this improvement into (vo ...
www.financialaccess.org Household Savings in Developing
... Not enough surplus after taking care of subsistence needs Banerjee, Abhijit and Esther Duflo. 2007 “The Economic Lives of the Poor.” The Journal of Economic Perspectives. 21(1) (Winter). pp. 141–167. How do people actually live on less than $1 or $2 per day poverty lines used by many countries? Look ...
... Not enough surplus after taking care of subsistence needs Banerjee, Abhijit and Esther Duflo. 2007 “The Economic Lives of the Poor.” The Journal of Economic Perspectives. 21(1) (Winter). pp. 141–167. How do people actually live on less than $1 or $2 per day poverty lines used by many countries? Look ...
The Impact of Turnover Ratios on Jordanian Services Sectors
... The impact of working capital and liquidity on the profitability of Tata Motors during the period of 2002-2010 was presented by Raheja, Bhardwaj, and Priyanka (2012) who used Karl Pearson’s correlation, T-test, regression, rank correlation, average, and standard deviation to analyze the variables. T ...
... The impact of working capital and liquidity on the profitability of Tata Motors during the period of 2002-2010 was presented by Raheja, Bhardwaj, and Priyanka (2012) who used Karl Pearson’s correlation, T-test, regression, rank correlation, average, and standard deviation to analyze the variables. T ...
Canadian Imperial Bank of Commerce
... This short form prospectus, including the documents that are incorporated by reference in this short form prospectus, contains forward-looking statements within the meaning of certain securities laws. These statements include, but are not limited to, statements about the operations, business lines, ...
... This short form prospectus, including the documents that are incorporated by reference in this short form prospectus, contains forward-looking statements within the meaning of certain securities laws. These statements include, but are not limited to, statements about the operations, business lines, ...
Global Investment Outlook - RBC Global Asset Management
... Currencies Subcommittee and from the global equity sector heads (financials and healthcare, consumer discretionary and consumer staples, industrials and utilities, energy and materials, telecommunications and technology). From this it builds a detailed global investment forecast looking one year for ...
... Currencies Subcommittee and from the global equity sector heads (financials and healthcare, consumer discretionary and consumer staples, industrials and utilities, energy and materials, telecommunications and technology). From this it builds a detailed global investment forecast looking one year for ...
global markets - Boustead Singapore Limited
... exclusively distribute Esri geo-spatial technology – the world’s leading geographic information system – to major markets across Australia and parts of South East Asia. Our intelligent mapping platform and digital infrastructure are essential to create smart nations, smart cities and smart communiti ...
... exclusively distribute Esri geo-spatial technology – the world’s leading geographic information system – to major markets across Australia and parts of South East Asia. Our intelligent mapping platform and digital infrastructure are essential to create smart nations, smart cities and smart communiti ...
Annual Report
... On the domestic market in Zeeland, we have begun integrating our retail products, building on the unique position of our energy and multimedia products. Our aim is to offer consumers a comfortable home, served by a single provider. An offering that is unique. What consumers want now more than ever i ...
... On the domestic market in Zeeland, we have begun integrating our retail products, building on the unique position of our energy and multimedia products. Our aim is to offer consumers a comfortable home, served by a single provider. An offering that is unique. What consumers want now more than ever i ...