Firm Dynamics and Financial Development
... small and large firms. In our paper, we use firm-level data to quantify the extent to which financial considerations impact growth rates. We further concentrate on how differences in financial market development can explain firm financing and growth patterns across countries. Our paper is also closel ...
... small and large firms. In our paper, we use firm-level data to quantify the extent to which financial considerations impact growth rates. We further concentrate on how differences in financial market development can explain firm financing and growth patterns across countries. Our paper is also closel ...
Corporate Governance - International Anti
... performance at the individual firm level; there are simply too many other factors that impact firm performance. But it should make it more likely that managers focus on improving firm performance and are replaced when they fail to do so. The empirical evidence of a link between governance and perfor ...
... performance at the individual firm level; there are simply too many other factors that impact firm performance. But it should make it more likely that managers focus on improving firm performance and are replaced when they fail to do so. The empirical evidence of a link between governance and perfor ...
Thesis - Kyiv School of Economics
... equations for four developed countries. Industrial production indices were found to be not significant in any of the asset flow equation; however, they are significant in liability equations. For all countries there is at least one real interest rate being significant. Hence, increase in external ma ...
... equations for four developed countries. Industrial production indices were found to be not significant in any of the asset flow equation; however, they are significant in liability equations. For all countries there is at least one real interest rate being significant. Hence, increase in external ma ...
Understanding Yield Curves - PGIM Investments
... Investing involves risk. Some investments have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. Fixed income investments are subject to interest rate risk, where ...
... Investing involves risk. Some investments have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. Fixed income investments are subject to interest rate risk, where ...
NBER WORKING PAPER SERIES FIRM DYNAMICS AND FINANCIAL DEVELOPMENT Cristina Arellano Yan Bai
... small and large firms. In our paper, we use firm-level data to quantify the extent to which financial considerations impact growth rates. We further concentrate on how differences in financial market development can explain firm financing and growth patterns across countries. Our paper is also closel ...
... small and large firms. In our paper, we use firm-level data to quantify the extent to which financial considerations impact growth rates. We further concentrate on how differences in financial market development can explain firm financing and growth patterns across countries. Our paper is also closel ...
Understanding Yield Curves
... Investing involves risk. Some investments have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. Fixed income investments are subject to interest rate risk, where ...
... Investing involves risk. Some investments have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. Fixed income investments are subject to interest rate risk, where ...
Microeconomics, 7e (Pindyck/Rubinfeld)
... In 1992, the Occupational Safety and Health Authority passed the Bloodborne Pathogens Standard (BBP), which regulates dental office procedures. This regulation is designed to minimize the transmission of infectious disease from patient to dental worker. The effect of this regulation was both to incr ...
... In 1992, the Occupational Safety and Health Authority passed the Bloodborne Pathogens Standard (BBP), which regulates dental office procedures. This regulation is designed to minimize the transmission of infectious disease from patient to dental worker. The effect of this regulation was both to incr ...
Reporting Guidance for All Loan-Backed and Structured Finance
... (This information is not adopted in SAP.) Asset-backed securities, or ABS, are securities that are backed by a discrete pool of self-liquidating financial assets. Asset-backed securitization is a financing technique in which financial assets, in many cases themselves less liquid, are pooled and conv ...
... (This information is not adopted in SAP.) Asset-backed securities, or ABS, are securities that are backed by a discrete pool of self-liquidating financial assets. Asset-backed securitization is a financing technique in which financial assets, in many cases themselves less liquid, are pooled and conv ...
Idiosyncratic Risk and the Cross-Section of Stock Returns Ren´
... dispersion in average stock returns for the usual set of size and book-to-market portfolios that have been used in tests of asset pricing models. In intertemporal asset pricing models of Bansal and Yaron (2004), Bollerslev et al. (2009) and Bollerslev et al. (2009), consumption growth volatility is ...
... dispersion in average stock returns for the usual set of size and book-to-market portfolios that have been used in tests of asset pricing models. In intertemporal asset pricing models of Bansal and Yaron (2004), Bollerslev et al. (2009) and Bollerslev et al. (2009), consumption growth volatility is ...
united states securities and exchange commission
... These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on currently available information. Important assumptions relating to the forward-looking statements include, among others, assumptions regarding the demand for office space in the sectors in whic ...
... These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on currently available information. Important assumptions relating to the forward-looking statements include, among others, assumptions regarding the demand for office space in the sectors in whic ...
The role of information asymmetry and financial reporting quality in
... statements reduces the bid-ask spread at which their loans are traded. The effect of timely loss recognition on the trading spreads is statistically and economically significant; the evidence is consistent across different measures of timely loss recognition. These empirical findings confirm that hi ...
... statements reduces the bid-ask spread at which their loans are traded. The effect of timely loss recognition on the trading spreads is statistically and economically significant; the evidence is consistent across different measures of timely loss recognition. These empirical findings confirm that hi ...
Litigation Finance: A Market Solution to a Procedural Problem
... These reform efforts largely fail to address a major force that can skew settlements away from the merits: imbalances in risk preferences. Settlements are a product not only of the parties’ expectations for trial but also of their tolerance for risk. In deciding whether to settle or proceed to trial ...
... These reform efforts largely fail to address a major force that can skew settlements away from the merits: imbalances in risk preferences. Settlements are a product not only of the parties’ expectations for trial but also of their tolerance for risk. In deciding whether to settle or proceed to trial ...
Returns to Venture Capital - University of Colorado Boulder
... to judge the investment record of the VC funds in which they seek to invest. In this chapter, returns are examined at two levels. First, we examine returns at the level of VC funds. Second, returns at the investee firm level are discussed. The literature on returns to venture capital is, unsurprisin ...
... to judge the investment record of the VC funds in which they seek to invest. In this chapter, returns are examined at two levels. First, we examine returns at the level of VC funds. Second, returns at the investee firm level are discussed. The literature on returns to venture capital is, unsurprisin ...
Comovement and Predictability Relationships Between
... linked to some stocks than others. They involve cash flows, risk-based required returns, and flights to quality or investor sentiment. These have all been suggested and studied before but not in the cross-sectional context, which provides some additional power to assess their relevance. We believe t ...
... linked to some stocks than others. They involve cash flows, risk-based required returns, and flights to quality or investor sentiment. These have all been suggested and studied before but not in the cross-sectional context, which provides some additional power to assess their relevance. We believe t ...
Affine Term Structure Modeling and Macroeconomic Risks at the
... under the physical measure allows to compute macroeconomic forecasts, nominal and real interest rate forecasts, and impulse-response functions with closed-form formulas. Last, the gamma-zero distribution produces lifto probabilities available as closed-form functions of macroeconomic variables und ...
... under the physical measure allows to compute macroeconomic forecasts, nominal and real interest rate forecasts, and impulse-response functions with closed-form formulas. Last, the gamma-zero distribution produces lifto probabilities available as closed-form functions of macroeconomic variables und ...
Systemic Financial-Service Institutions and Monopoly Power
... Debate on the bill continued on March 27, 1890, again with a focus on the constitutionality of the proposed legislation, and the matter was referred to the Judiciary Committee.28 The Judiciary Committee reported back on April 8, 1890, with an amended bill that substantially became the current Sherma ...
... Debate on the bill continued on March 27, 1890, again with a focus on the constitutionality of the proposed legislation, and the matter was referred to the Judiciary Committee.28 The Judiciary Committee reported back on April 8, 1890, with an amended bill that substantially became the current Sherma ...
JSC Grindeks audited financial statements of 2013.
... The “Grindeks” Group’s activity during reporting period The Group’s turnover amounted to 118.5 million euros in 2013, which is by 0.8 million euros or 1% more than in 2012. In its turn, net profit related to the shareholders of the holding company amounted to 13.4 million euros in 2013. In 2013, gro ...
... The “Grindeks” Group’s activity during reporting period The Group’s turnover amounted to 118.5 million euros in 2013, which is by 0.8 million euros or 1% more than in 2012. In its turn, net profit related to the shareholders of the holding company amounted to 13.4 million euros in 2013. In 2013, gro ...
Meeting of the Full Council
... The MBA will only lend to UK local authorities who can give a joint and several guarantee. This client base is currently limited to 353 principal English local authorities, which have the general power of competence pursuant to section 1(1) of the Localism Act 2011 (the “General Power of Competence” ...
... The MBA will only lend to UK local authorities who can give a joint and several guarantee. This client base is currently limited to 353 principal English local authorities, which have the general power of competence pursuant to section 1(1) of the Localism Act 2011 (the “General Power of Competence” ...
Do Dividend Initiations Signal Firm Prosperity?
... Another possibility is that managers suspect that the prosperity and growth of the firm is not sustainable. They initiate dividends as a preemptive measure to dampen the potential market reaction and the impact on share price when investors realize that its performance is deteriorating. In this scen ...
... Another possibility is that managers suspect that the prosperity and growth of the firm is not sustainable. They initiate dividends as a preemptive measure to dampen the potential market reaction and the impact on share price when investors realize that its performance is deteriorating. In this scen ...
