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printmgr file - Morgan Stanley
printmgr file - Morgan Stanley

... Debt valuation adjustments (“DVA”) represent the change in the fair value resulting from fluctuations in the Firm’s credit spreads and other credit factors related to liabilities carried at fair value, primarily certain Long-term and Short-term borrowings. Amounts include Provision for (benefit from ...
Household Portfolios in Italy
Household Portfolios in Italy

... portfolios, such as knowledge of the various financial instruments, exposure to background risk and attitudes towards risk. We use some of this information in Section 6. Alongside the portfolio data, the 1989-98 SHIW gives demographic characteristics of all household members. It has also a sizable p ...
Certified Management Accountant
Certified Management Accountant

CHEVRON CORP (Form: 10-Q, Received: 05/02/2014 12:06:18)
CHEVRON CORP (Form: 10-Q, Received: 05/02/2014 12:06:18)

... “budgets,” “outlook” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to pred ...
Retained Interests in Securitisations and - ECB
Retained Interests in Securitisations and - ECB

A model of financialization of commodities
A model of financialization of commodities

... mark index for performance evaluation or because their mandate includes hedging against commodity price inflation. We capture such benchmarking through the institutional objective function. Consistent with the extant literature on benchmarking (originating from Brennan (1993)), we postulate that the ...
1 - Sidley Austin LLP
1 - Sidley Austin LLP

... that if the fund learns that a particular investment has been affected by adverse events at the issuer such that the investment has different liquidity characteristics than the asset class as a whole, the fund is required to treat that investment as an exception and classify it separately. The SEC c ...
Corporate Securities Fraud: An Economic Analysis
Corporate Securities Fraud: An Economic Analysis

Forced Sale Risk: Class, Race, and the “Double Discount”
Forced Sale Risk: Class, Race, and the “Double Discount”

Risk Factors - Toyota Global
Risk Factors - Toyota Global

... rapid changes in the automotive market and to maintain its competitiveness will be fundamental to its future success in existing and new markets and to maintain its market share. There can be no assurances that Toyota will be able to compete successfully in the future. The worldwide automotive indus ...
Monetary and Macroprudential Policy Rules in a Model with House
Monetary and Macroprudential Policy Rules in a Model with House

... should be realistic about what can be achieved by using macroprudential policies: invariant and rigid policy responses raise the risk of policy errors that could lower, not raise, macroeconomic stability. How do these conclusions compare with those from other studies? There is a vast literature on m ...
Information Needs of Users of New Zealand Capital Markets Entity
Information Needs of Users of New Zealand Capital Markets Entity

... There is increasing evidence of calls from users for prospective information, summarised reporting, and meaningful management commentary on firm performance. ...
Section 9.3 Buying and Selling Stocks
Section 9.3 Buying and Selling Stocks

... In the efficient market theory, the argument is that stock price movements are purely random. This theory declares that:  All investors have considered all of the available information on a stock as they make their decisions.  It is impossible for an investor to outperform the stock market average ...
Generation Wholesale Global Share Fund
Generation Wholesale Global Share Fund

... in New Zealand and have completed the application form attached to that relevant offer document to make their initial investment. This will only be made in accordance with the terms of any treaty or exemption which allows Colonial First State to make the offer in New Zealand. The information contain ...
Blockholder Heterogeneity, Multiple Blocks, and the Dance Between
Blockholder Heterogeneity, Multiple Blocks, and the Dance Between

... blockholders which identifies several channels through which blockholders may interact and jointly benefit or harm either each other or the firm as a whole. Some of these theories predict negative interdependence, beginning with the influential model of Zwiebel (1995) and the notion of blockholders ...
1 513 +27 % 405 +42 % 20 % 18
1 513 +27 % 405 +42 % 20 % 18

... In 2016, the Corporate segment had good profitability growth, primarily in Sweden. External income amounted to SEK 478 million (383), ...
Annual report 2015/16
Annual report 2015/16

The Hedge Fund Landscape
The Hedge Fund Landscape

... state, promoting consistency across the industry. This regulation has applied to long-only mutual funds since 1985 but is now also applicable to hedge funds that wish to register. UCITS regulations have progressed through a number of iterations, with rules generally updated in consultation with mark ...
THE CODE OF MARKET CONDUCT Index Section 1 Application 2
THE CODE OF MARKET CONDUCT Index Section 1 Application 2

... the information must relate to matters which the regular user would reasonably expect to be disclosed to users of the particular prescribed market. As explained further below at 4.12 and 4.13 below this includes both matters which give rise to such an expectation of disclosure or are likely to do so ...
Asset Write-down - Rutgers University
Asset Write-down - Rutgers University

... impairment of assets that have not been retired). The results are mixed. Elliot and Shaw (1988) demonstrate an unfavorable market reaction to write-downs; Strong and Meyers (1987) show positive price reactions; and Francis et al. (1996) find mixed reaction. Specifically, Francis et al. (1996) docume ...
The Brilliant Mind of Investors
The Brilliant Mind of Investors

... they also make less investment mistakes as less educated people tend to avoid stock markets as they do not have a proper knowledge about investing. In addition cognitive abilities or potential to obtain a good education and financial literacy has found to be an important factor, which determine the ...
AER - Final decision ActewAGL distribution determination
AER - Final decision ActewAGL distribution determination

... the National Electricity Rules. ActewAGL’s distribution determination was due to commence on 1 July 2014, and apply for a period of five years. So that the new rules could be applied to this decision, transitional rules required two regulatory control periods: a transitional regulatory control perio ...
optimal capital structure
optimal capital structure

... analyzed in all kinds of ways, where most studies have explained observed patterns. Our research will also deal with leverage ratios but in an entirely new way. Our problem concerns the practical matter of deciding an appropriate capital structure and the possibility of improvements, which are formu ...
Document
Document

Frequently Asked Questions about Exchange
Frequently Asked Questions about Exchange

... income securities, futures or any combination of two or more of these reference assets. Who issues ETNs? ETNs are issued by companies registered with the Securities and Exchange Commission (the “SEC”) that are bank holding companies or banks. What is the difference between a listed debt security ...
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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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