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mid cap: the goldilocks asset class
mid cap: the goldilocks asset class

2015 Annual Report
2015 Annual Report

The Usefulness of Derivative Disclosures by Chinese Listed
The Usefulness of Derivative Disclosures by Chinese Listed

... reports of 53 Chinese listed firms are considered as the sampling unit for observation and analysis. Using the content analysis approach this study compares the derivative related information disclosed in companies' annual reports with the developed disclosure index that is largely based upon IFRS a ...
Short Selling IPOs
Short Selling IPOs

Basel III Leverage Ratio Framework and Disclosure Requirements
Basel III Leverage Ratio Framework and Disclosure Requirements

... Proposed Framework would greatly increase the denominator of the Basel III leverage ratio (“the Exposure Measure”) by adopting measurement methodologies that the Associations believe would significantly overstate actual economic exposure. If adopted in this form, the Exposure Measure is far more lik ...
annual report 2015 - RHB Banking Group
annual report 2015 - RHB Banking Group

... formed with interlocking wire mesh. The diamond represents RHB’s clarity of focus towards achieving its vision of being a leading multinational financial services group. The wire links further symbolise our commitment to fostering greater ties with our customers and key stakeholders by placing them ...
PLG Prospectus
PLG Prospectus

Wealth Inequality and the Losses from Financial
Wealth Inequality and the Losses from Financial

... constrained, such transfer entails a flow of resources away from a high marginal product firm into a low marginal product firm. Second, there is a capital demand channel. If the poorer agent is capital constrained while the wealthier is not, the increase in wealth inequality tends to decrease aggreg ...
Australia and the Global LNG Market
Australia and the Global LNG Market

... 12 per cent of annual Australian GDP – which was largely in response to increased Asian demand for LNG. In value terms, LNG is expected to become Australia’s second largest commodity export (after iron ore) by 2018, with the bulk of these exports destined for Asian markets. This article provides an ...
Screening techniques, sustainability and risk adjusted returns.
Screening techniques, sustainability and risk adjusted returns.

... listed companies globally (The World Bank, 2015). If you were to exclude 28 companies of the total 43 539 listed companies, you would have excluded 0,000643 %. This example of course does not tell the whole story since some markets may not be tradeable due to poor liquidity, political unrest or any ...
3.2 Country-Level Factors and Earnings Quality of Cross
3.2 Country-Level Factors and Earnings Quality of Cross

Who Works for Whom? Worker Sorting in a
Who Works for Whom? Worker Sorting in a

... workers sort into entrepreneurial firms in the presence of search frictions in the labor market and financial constraints for entrepreneurs. In the calibrated model’s equilibrium, individuals with high labor productivity and lower assets tend to sort into the entrepreneurial sector. The empirical f ...
Creating the world`s largest interdealer broker
Creating the world`s largest interdealer broker

... ICAP provides customers with a choice of trading venues and services to allow them to select the execution method appropriate for the liquidity of the product and their specific needs. Market participants can trade products via an executing broker or through direct access to ICAP’s portfolio of elec ...
The properties of hedge fund investors* actual returns
The properties of hedge fund investors* actual returns

Why Votes Have a Value
Why Votes Have a Value

SAI - Cortina Asset Management
SAI - Cortina Asset Management

... The Cortina Small Cap Growth Fund (the “Small Cap Growth Fund”) and the Cortina Small Cap Value Fund (the “Small Cap Value Fund”) are each a series of Cortina Funds, Inc. (“Cortina”), an openend, management investment company, commonly called a mutual fund, that was incorporated under Wisconsin law ...
DOES SHAREHOLDER COMPOSITION AFFECT STOCK RETURNS?
DOES SHAREHOLDER COMPOSITION AFFECT STOCK RETURNS?

... are based on the average holding period for stocks in each manager's portfolio. When a greater proportion of the firm’s stock is held by high turnover investors, we expect higher volume and volatility and perhaps a greater stock price response to earnings news. Our primary findings can be summarized ...
2014 annual report at the very heart of healthcare. medical
2014 annual report at the very heart of healthcare. medical

... buy – but you can build it by example, after example, ...
Ending "Too Big To Fail"
Ending "Too Big To Fail"

measuring and rewarding performance: theory and evidence
measuring and rewarding performance: theory and evidence

... linking rewards to observable outcomes. However, while theory dictates that investment decisions should be made on the basis of discounted cash flows and the net present value rule, in theory it offers little direct guidance on how to measure and reward managerial performance; »» An effective perfo ...
397Analysis of bubble in Shanghai housing marketHL
397Analysis of bubble in Shanghai housing marketHL

... Afterwards, the concept of bubble will be introduced, and the theoretical analysis of real estate bubble would be processed and the present research method about real estate bubble would be also summarized as well as the notable real estate bubble in late 1980s in the US. Further attention would be ...
PDF
PDF

... 2004, the WTO General Council reached a decision on the framework to continue with the ‘multilateral’ trade negotiations under the Doha Development Agenda (DDA). The framework refers to the “July Package”, which includes the future elimination of all forms of export subsidies and better disciplines ...
Information Risk and Credit Default Swap Markets
Information Risk and Credit Default Swap Markets

... A CDS as a derivative instrument offers advantages over corporate bonds and secondary loan markets, which have contributed to its growth over time, especially since the standardization of CDS contracts by the International Swaps and Derivatives Association (Callen et al., 2009). In particular, a CDS ...
What do we know about high-frequency trading?
What do we know about high-frequency trading?

del09 Arndt new  9998297 en
del09 Arndt new 9998297 en

... of firms’ assets and on contract enforceability. The model implies different productivity cut-off levels for the selection into exporting. Highly productive firms can offer higher returns to creditors and are thus less credit constrained than less productive firms. In this sense, credit constraints ...
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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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