Iluka Resources Limited Company and Mineral Sands Sector
... This presentation contains forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of minerals. Forward-looking statements include those containing such words as anticipate, estimates, should, will, expects, plans or similar ...
... This presentation contains forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of minerals. Forward-looking statements include those containing such words as anticipate, estimates, should, will, expects, plans or similar ...
Pension plan funding, risk sharing and technology choice
... show that when capital market constraints on workers are binding, leveraging the risky technology, even with risky debt, raises risky production and can reduce the aggregate risk premium. When the pension plan is de…ned bene…t, it is exposed to shortfall risk, if the sponsor is …nanced with risky de ...
... show that when capital market constraints on workers are binding, leveraging the risky technology, even with risky debt, raises risky production and can reduce the aggregate risk premium. When the pension plan is de…ned bene…t, it is exposed to shortfall risk, if the sponsor is …nanced with risky de ...
New Imperialism or New Capitalism?
... corporations? The IMF and World Bank? Bill Gates? All of the above? Does the ‘American empire’ serve the interest of capital – and if so, what exactly is this 'interest'? Does the 'American Empire' serve capital ‘in general,’ or only one of its ‘fractions’? What criteria should we use to answer thes ...
... corporations? The IMF and World Bank? Bill Gates? All of the above? Does the ‘American empire’ serve the interest of capital – and if so, what exactly is this 'interest'? Does the 'American Empire' serve capital ‘in general,’ or only one of its ‘fractions’? What criteria should we use to answer thes ...
Scaling Chinese Walls: Insights From Aftra v. JPMorgan Chase
... consolidation of financial services into a few large, and often international, banking corporations.4 As purveyors of a variety of financial products, these companies are privy to material nonpublic information (MNPI) relating to their clients’ business operations and future economic outlook, such a ...
... consolidation of financial services into a few large, and often international, banking corporations.4 As purveyors of a variety of financial products, these companies are privy to material nonpublic information (MNPI) relating to their clients’ business operations and future economic outlook, such a ...
Implied fractional hazard rates and default risk distributions
... Default probability distributions are often defined in terms of their conditional default probability distribution, or their hazard rate. Their applications are varied including the risk premium model used to price default bonds, reliability measurement models, insurance, etc. A hazard rate implies ...
... Default probability distributions are often defined in terms of their conditional default probability distribution, or their hazard rate. Their applications are varied including the risk premium model used to price default bonds, reliability measurement models, insurance, etc. A hazard rate implies ...
Management`s Discussion and Analysis
... This Management’s Discussion and Analysis (“MD&A”) contains statements that are forward looking and may constitute “forward looking information” within the meaning of applicable securities legislation. Actual results or events may differ materially from those forecast and from statements of the Comp ...
... This Management’s Discussion and Analysis (“MD&A”) contains statements that are forward looking and may constitute “forward looking information” within the meaning of applicable securities legislation. Actual results or events may differ materially from those forecast and from statements of the Comp ...
NBER WORKING PAPER SERIES COST OF EQUITY CAPITAL?
... capital than did dividend-paying firms following JGTRRA. However, when we add a measure of financial constraint as an explanatory variable, the dividend policy variable becomes insignificant, while the financial constraint measure is highly significant. In other words, the benefits of the reductions ...
... capital than did dividend-paying firms following JGTRRA. However, when we add a measure of financial constraint as an explanatory variable, the dividend policy variable becomes insignificant, while the financial constraint measure is highly significant. In other words, the benefits of the reductions ...
Lehman Brothers Bankruptcy B - Risk Limits and Stress Tests
... In March 2006 Lehman Brothers adopted a new business strategy to grow its proprietary business with a focus on commercial real estate, leveraged loans and private equity—businesses that consumed more capital, and that were generally riskier and more illiquid than Lehman’s traditional lines of busine ...
... In March 2006 Lehman Brothers adopted a new business strategy to grow its proprietary business with a focus on commercial real estate, leveraged loans and private equity—businesses that consumed more capital, and that were generally riskier and more illiquid than Lehman’s traditional lines of busine ...
Does Financial Constraint Affect Shareholder Taxes and the
... investors, i.e., S rr 0 . To focus on the effect of changes in tax rate, we assume there is no asymmetric information. To illustrate the effect of taxes on investment income, we start with no taxation of investment income. In this case, firms’ demand for capital (D) and investors’ supply of capi ...
... investors, i.e., S rr 0 . To focus on the effect of changes in tax rate, we assume there is no asymmetric information. To illustrate the effect of taxes on investment income, we start with no taxation of investment income. In this case, firms’ demand for capital (D) and investors’ supply of capi ...
Introduction - Drake University
... Private Placement The entire claim is sold to an individual investor or a small group of investors Brokers and Dealers Brokers – Serve as a matchmaker bringing together the two sides – receive a commission for their efforts (they do not actually buy or sell securities) Dealers – Market Makers – Serv ...
... Private Placement The entire claim is sold to an individual investor or a small group of investors Brokers and Dealers Brokers – Serve as a matchmaker bringing together the two sides – receive a commission for their efforts (they do not actually buy or sell securities) Dealers – Market Makers – Serv ...
What is Financial Stability? Financial Stability
... several different kinds of such instability, ranging from banking crises to stock market crashes. Hence, different forms of instability affect different parts of the financial system and may also differ in their consequences. Further, Chant proposed that financial instability should b ...
... several different kinds of such instability, ranging from banking crises to stock market crashes. Hence, different forms of instability affect different parts of the financial system and may also differ in their consequences. Further, Chant proposed that financial instability should b ...
Decomposing the Effects of Financial Liberalization
... Third, financial liberalization significantly increases the probability of a twin crisis.11 Real exchange rate overvaluation, inflation and openness to trade are also associated with a higher probability of crisis. As the probit model is non-linear, the partial effect of a change in one variable on t ...
... Third, financial liberalization significantly increases the probability of a twin crisis.11 Real exchange rate overvaluation, inflation and openness to trade are also associated with a higher probability of crisis. As the probit model is non-linear, the partial effect of a change in one variable on t ...
True/False Questions
... 35. According to the liquidity premium theory of interest rates A) Long term spot rates are higher than the average of current and expected future short term rates. B) Investors prefer certain maturities and will not normally switch out of those maturities. C) Investors are indifferent between diffe ...
... 35. According to the liquidity premium theory of interest rates A) Long term spot rates are higher than the average of current and expected future short term rates. B) Investors prefer certain maturities and will not normally switch out of those maturities. C) Investors are indifferent between diffe ...
NBER WORKING PAPER SERIES THE INDUSTRY ORIGINS OF JAPANESE ECONOMIC GROWTH
... plant engineering as gross fixed capital formation (GFCF) in intangible assets. Own-account software and pre-packaged software have not been capitalized, although this is recommended by the United Nations (1993) System of National Accounts 1993 (1993 SNA). 4 In this paper, we capitalize own-account ...
... plant engineering as gross fixed capital formation (GFCF) in intangible assets. Own-account software and pre-packaged software have not been capitalized, although this is recommended by the United Nations (1993) System of National Accounts 1993 (1993 SNA). 4 In this paper, we capitalize own-account ...
Phase I Report - Task Force on Climate
... and the continuing development of disclosure standards for certain types of information, particularly around greenhouse gas (“GHG”) emissions. Nevertheless, users of climate-related financial disclosure commonly identify inconsistencies in disclosure practices, a lack of context for information, and ...
... and the continuing development of disclosure standards for certain types of information, particularly around greenhouse gas (“GHG”) emissions. Nevertheless, users of climate-related financial disclosure commonly identify inconsistencies in disclosure practices, a lack of context for information, and ...
Essays on international capital flows and macroeconomic stability
... foreign investors will cause demand for emerging market bonds to shift from the foreign to the local investor, causing an outflow in the emerging bond market. Both the foreign and domestic investors will cut demand for shares, and therefore the direction of share flows is unpredictable. ...
... foreign investors will cause demand for emerging market bonds to shift from the foreign to the local investor, causing an outflow in the emerging bond market. Both the foreign and domestic investors will cut demand for shares, and therefore the direction of share flows is unpredictable. ...
The Relationship between Organization Strategy, Fixed
... Investors should also respect the accounting signals from firms while considering information risks and their degree of tolerance and aversion towards risks. The earnings information provided in financial statements is an important reference on the capital market for investors. Nissim and Penman (20 ...
... Investors should also respect the accounting signals from firms while considering information risks and their degree of tolerance and aversion towards risks. The earnings information provided in financial statements is an important reference on the capital market for investors. Nissim and Penman (20 ...
SAN DIEGO CITY EMPLOYEES` RETIREMENT SYSTEM
... reporting, and its attainment represents a significant accomplishment by a government and its management. This award continues our renewed recognition that began with the FY 2008 CAFR and is the direct result of extraordinary work by our finance, investment and legal teams. ...
... reporting, and its attainment represents a significant accomplishment by a government and its management. This award continues our renewed recognition that began with the FY 2008 CAFR and is the direct result of extraordinary work by our finance, investment and legal teams. ...
Ms. Muffet, the Spider(gram)
... The global financial crisis (GFC) has underscored the importance of understanding macrofinancial developments in an increasingly complex and interconnected world. In the course of the crisis, countries have experienced the spillover of risks from one segment of the economy to others, sometimes exace ...
... The global financial crisis (GFC) has underscored the importance of understanding macrofinancial developments in an increasingly complex and interconnected world. In the course of the crisis, countries have experienced the spillover of risks from one segment of the economy to others, sometimes exace ...
IMF Global Financial Stability Report (GFSR) April 2013
... “Basis points” refer to hundredths of 1 percentage point (for example, 25 basis points is equivalent to 1/4 of 1 percentage point). “n.a.” means not applicable. Minor discrepancies between constituent figures and totals are due to rounding. As used in this volume the term “country” does not in all c ...
... “Basis points” refer to hundredths of 1 percentage point (for example, 25 basis points is equivalent to 1/4 of 1 percentage point). “n.a.” means not applicable. Minor discrepancies between constituent figures and totals are due to rounding. As used in this volume the term “country” does not in all c ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... investor, one cannot retrieve the option or the money that was paid to exercise it. A firm with an investment opportunity can likewise spend money (the "exercise price") now or in the future, in return for an asset (e.g., a project) of some value. Again, the asset can be sold to another firm, but th ...
... investor, one cannot retrieve the option or the money that was paid to exercise it. A firm with an investment opportunity can likewise spend money (the "exercise price") now or in the future, in return for an asset (e.g., a project) of some value. Again, the asset can be sold to another firm, but th ...