role of capital market
... Investments by households in India have increasingly moved either to risk-free, fixed-return, lowyielding instruments or to non-financial assets. Low knowledge among households of financial concepts and products has a direct impact on utilization by households of the financial markets. Financial lit ...
... Investments by households in India have increasingly moved either to risk-free, fixed-return, lowyielding instruments or to non-financial assets. Low knowledge among households of financial concepts and products has a direct impact on utilization by households of the financial markets. Financial lit ...
Tilting the Supply Schedule to Enhance Competition in
... supply. Back and Zender (2001) shows that, if the seller reserves the right to decrease her supply after receiving the bids, underpricing – while still possible – is severely curtailed. McAdams (2001) derives a similar result and then shows that underpricing is eliminated if the seller reserves the ...
... supply. Back and Zender (2001) shows that, if the seller reserves the right to decrease her supply after receiving the bids, underpricing – while still possible – is severely curtailed. McAdams (2001) derives a similar result and then shows that underpricing is eliminated if the seller reserves the ...
NBER WORKING PAPER SERIES CURRENT ACCOUNT BALANCES, FINANCIAL DEVELOPMENT AND INSTITUTIONS:
... and institutional development cannot be dismissed a priori, although it clearly matters more in the latter case In addition to macroeconomic attributes such as the stage of development, demographic profile, and the government budget balance, the legal environment and the level of institutional devel ...
... and institutional development cannot be dismissed a priori, although it clearly matters more in the latter case In addition to macroeconomic attributes such as the stage of development, demographic profile, and the government budget balance, the legal environment and the level of institutional devel ...
Financial and Marketing Management
... will not like to earn more and more profit by accepting more risk. The profit maximization was taken as objective when business was self financed and self controlled. ...
... will not like to earn more and more profit by accepting more risk. The profit maximization was taken as objective when business was self financed and self controlled. ...
Some Theoretical Considerations Regarding Net Asset Values for
... able to redeem investors’funds one for one. The fund had “broken the buck” mainly due to losses on its holdings of Lehman’s debt instruments. In the days that followed, out‡ows from prime money funds spiked, with investors withdrawing, in the space of a week, approximately $300 billion— roughly 15 p ...
... able to redeem investors’funds one for one. The fund had “broken the buck” mainly due to losses on its holdings of Lehman’s debt instruments. In the days that followed, out‡ows from prime money funds spiked, with investors withdrawing, in the space of a week, approximately $300 billion— roughly 15 p ...
CMBS Subordination, Ratings Inflation, and Regulatory
... or irrationality. Third, consistent with the findings of Driessen and Van Hemert (2011) and unlike the RMBS market, we shall show that there were no major changes in the underlying market for commercial loans over this period. Finally, in the years prior to the crisis there were significant regulat ...
... or irrationality. Third, consistent with the findings of Driessen and Van Hemert (2011) and unlike the RMBS market, we shall show that there were no major changes in the underlying market for commercial loans over this period. Finally, in the years prior to the crisis there were significant regulat ...
The relationship between government bond yields and the market
... b. Consider how current market conditions (that is, market conditions prevailing in November and December 2015) compare to average market conditions and any implications arising from this comparison for the required return on equity over the next 10 years. c. In light of our opinion on the above mat ...
... b. Consider how current market conditions (that is, market conditions prevailing in November and December 2015) compare to average market conditions and any implications arising from this comparison for the required return on equity over the next 10 years. c. In light of our opinion on the above mat ...
Kritzman_Portfolio_formation
... Most serious investors use mean-variance optimization to form portfolios, in part, because it requires knowledge only of a portfolio’s expected return and variance. Yet this convenience comes at some expense, because the legitimacy of mean-variance optimization depends on questionable assumptions. E ...
... Most serious investors use mean-variance optimization to form portfolios, in part, because it requires knowledge only of a portfolio’s expected return and variance. Yet this convenience comes at some expense, because the legitimacy of mean-variance optimization depends on questionable assumptions. E ...
index of defined terms
... authorised or to any person to whom it is unlawful to make such offer or solicitation, and no action has been taken or will be taken to permit an offering of the Securities or the distribution of this Prospectus in any jurisdiction where any such action is required. Prospects and financial or tradin ...
... authorised or to any person to whom it is unlawful to make such offer or solicitation, and no action has been taken or will be taken to permit an offering of the Securities or the distribution of this Prospectus in any jurisdiction where any such action is required. Prospects and financial or tradin ...
NBER WORKING PAPER SERIES AND LIMITED RISK-SHARING IN GENERAL EQUILIBRIUM
... on national home values. But this special case also generates a wealth distribution with far too little inequality. Note that in the full model with bequest heterogeneity, the number of constrained households is not speci…ed exogenously, but is instead disciplined by the requirement that we match t ...
... on national home values. But this special case also generates a wealth distribution with far too little inequality. Note that in the full model with bequest heterogeneity, the number of constrained households is not speci…ed exogenously, but is instead disciplined by the requirement that we match t ...
Shifting the Lens – A De-Risking Toolkit for Impact Investment
... as ‘quantifiable’. In other words, risk is something that can be measured (historical standard deviation of returns, or volatility, being the most common measurement approach used in the stock market). When asset owners consider an investment product, they will look at a variety of datapoints, such ...
... as ‘quantifiable’. In other words, risk is something that can be measured (historical standard deviation of returns, or volatility, being the most common measurement approach used in the stock market). When asset owners consider an investment product, they will look at a variety of datapoints, such ...
DOC - Europa.eu
... the sovereign debt has been located or has otherwise reasonable expectation that settlement can be effected when it is due. The restrictions do not apply if the transaction serves to hedge a long position in debt instruments of an issuer, the pricing of which has a high correlation with the pricing ...
... the sovereign debt has been located or has otherwise reasonable expectation that settlement can be effected when it is due. The restrictions do not apply if the transaction serves to hedge a long position in debt instruments of an issuer, the pricing of which has a high correlation with the pricing ...
05. The Impact of Expense Shocks on the Financial Distress of
... consumption expenditure and monthly interest payments as well as the selective indicators of unemployment such as a job-seeking period. Given this structural change in the survey, only the survey of household finance collections of 2010 and 2011 are used in our empirical tests. Despite its advantage ...
... consumption expenditure and monthly interest payments as well as the selective indicators of unemployment such as a job-seeking period. Given this structural change in the survey, only the survey of household finance collections of 2010 and 2011 are used in our empirical tests. Despite its advantage ...
Stock Split Revisited: Evidence from U.S. and China Sheridan
... Enterprise (SOE) privatizations, we find that individual investors are net buyers after split announcements while mutual funds and institutional investors tend to be net sellers. Furthermore, splits related with SOE or privatization have higher price run up and no reversal six month after the announ ...
... Enterprise (SOE) privatizations, we find that individual investors are net buyers after split announcements while mutual funds and institutional investors tend to be net sellers. Furthermore, splits related with SOE or privatization have higher price run up and no reversal six month after the announ ...
Risk Factors A number of risk factors affect Prudential`s operating
... bancassurance agreements and deferred acquisition costs are reduced. New challenges related to market fluctuations and general economic conditions may continue to emerge. For some non-unit-linked investment products, in particular those written in some of the Group’s Asian operations, it may not be ...
... bancassurance agreements and deferred acquisition costs are reduced. New challenges related to market fluctuations and general economic conditions may continue to emerge. For some non-unit-linked investment products, in particular those written in some of the Group’s Asian operations, it may not be ...
Word Document - Berkeley-Haas
... original appraised value midpoint. The size of the IPO may differ from the appraised value midpoint because of changes in market conditions, in interest rates, or in the appraiser’s assessment of the attractiveness of the offering since the appraisal was completed.7 Regulations require that the size ...
... original appraised value midpoint. The size of the IPO may differ from the appraised value midpoint because of changes in market conditions, in interest rates, or in the appraiser’s assessment of the attractiveness of the offering since the appraisal was completed.7 Regulations require that the size ...
Market Consistent Embedded Value Report 2015
... the NAV, equivalent to the VIF’s alternative calculation based on the distributable earnings approach. The positive development in the shareholders’ economic value of the life in-force business was primarily based on the following factors: ‒ The overall more favorable economic conditions end of 2015 ...
... the NAV, equivalent to the VIF’s alternative calculation based on the distributable earnings approach. The positive development in the shareholders’ economic value of the life in-force business was primarily based on the following factors: ‒ The overall more favorable economic conditions end of 2015 ...