Tilting the supply schedule to enhance competition in uniform
... a 1xed supply is in general suboptimal even if the seller faces increasing costs for selling a quantity diverging from her supply target. The expected gain from reducing underpricing may o5set the expected loss from selling a quantity potentially di5erent from the target. A variable supply is not th ...
... a 1xed supply is in general suboptimal even if the seller faces increasing costs for selling a quantity diverging from her supply target. The expected gain from reducing underpricing may o5set the expected loss from selling a quantity potentially di5erent from the target. A variable supply is not th ...
FLEXTRONICS INTERNATIONAL LTD (Form: 424B3
... Brokers, dealers, agents or underwriters participating in transactions as agent may receive compensation in the form of discounts, concessions or commissions from the selling shareholders (and, if they act as agent for the purchaser of the shares, from such purchaser).The discounts, concessions or c ...
... Brokers, dealers, agents or underwriters participating in transactions as agent may receive compensation in the form of discounts, concessions or commissions from the selling shareholders (and, if they act as agent for the purchaser of the shares, from such purchaser).The discounts, concessions or c ...
Read the Full Report
... housing market. And central banks could steer policy according to other indicators, even when the official inflation indicator might suggest a different course. But it is much harder for a central bank to adopt a restrictive monetary policy, including from a communications perspective, if its action ...
... housing market. And central banks could steer policy according to other indicators, even when the official inflation indicator might suggest a different course. But it is much harder for a central bank to adopt a restrictive monetary policy, including from a communications perspective, if its action ...
Annual Report 2014
... It makes sense to cooperate among the Nordic societies as long as the cooperation (NCB) can achieve both cost related economies of scale and market surveillance (collections) related advantages for its owners. In other words NCB’s raison d’être in the coming years will be closely tied to its ability ...
... It makes sense to cooperate among the Nordic societies as long as the cooperation (NCB) can achieve both cost related economies of scale and market surveillance (collections) related advantages for its owners. In other words NCB’s raison d’être in the coming years will be closely tied to its ability ...
STRONG ORDER BOOKINGS INCREASED MARKET RISK
... At the end of June 2015, the net debt amounted to MSEK 4,592; an increase of MSEK 2,479 during 2015 compared to the year-end 2014. Cash flow from operating activities was negative and amounted to MSEK -1,582. Provisions for pensions, excluding special employers’ contribution, as of 30 June 2015 amou ...
... At the end of June 2015, the net debt amounted to MSEK 4,592; an increase of MSEK 2,479 during 2015 compared to the year-end 2014. Cash flow from operating activities was negative and amounted to MSEK -1,582. Provisions for pensions, excluding special employers’ contribution, as of 30 June 2015 amou ...
WHAT YOU NEED TO KNOW ABOUT THE EU
... UCITS management company respectively, rather than the relevant fund itself (in comparison to EMIR, where the obligation is commonly assumed to remain on the fund)3. Secondly, NFCs that are defined as “medium sized undertakings” under the Directive on Financial Statements (2013/34/EU, Article (3) ...
... UCITS management company respectively, rather than the relevant fund itself (in comparison to EMIR, where the obligation is commonly assumed to remain on the fund)3. Secondly, NFCs that are defined as “medium sized undertakings” under the Directive on Financial Statements (2013/34/EU, Article (3) ...
Adopting Enterprise Risk Management (ERM) in high
... the global insurance and reinsurance sector. It was only logical for them to call for higher capital and risk management requirements in insurance. In addition, also outside of the insurance industry, interest in a proper enterprise risk management was fuelled by the view that almost all risk events ...
... the global insurance and reinsurance sector. It was only logical for them to call for higher capital and risk management requirements in insurance. In addition, also outside of the insurance industry, interest in a proper enterprise risk management was fuelled by the view that almost all risk events ...
News, Housing Boom-Bust Cycles, and Monetary Policy May 2014
... as an independent source of fluctuations. This paper explores the idea that noisy signals or news can generate optimism and pessimism in agent expectations and cause fluctuations in housing demand. When the news is found inaccurate, the subsequent adjustment in expectations and reversal in asset tra ...
... as an independent source of fluctuations. This paper explores the idea that noisy signals or news can generate optimism and pessimism in agent expectations and cause fluctuations in housing demand. When the news is found inaccurate, the subsequent adjustment in expectations and reversal in asset tra ...
The Great Wall of Debt: The Cross Section of Chinese Local
... may represent a source of systemic risk to China and, given China’s large size, potentially even to the world economy. In this sense, China is special since other local government bond markets, like U.S. municipal bonds, do not carry systemic risk (see Ang and Longstaff, 2014, Gospodinov et al., 201 ...
... may represent a source of systemic risk to China and, given China’s large size, potentially even to the world economy. In this sense, China is special since other local government bond markets, like U.S. municipal bonds, do not carry systemic risk (see Ang and Longstaff, 2014, Gospodinov et al., 201 ...
Ch 14
... 17. Ignoring taxes, transaction costs, and other market imperfections, the value of the firm should not be affected by an equivalent amount of returns from cash dividends or share repurchases. However, empirical evidence suggests that share repurchases do increase the value of the firm (stock price) ...
... 17. Ignoring taxes, transaction costs, and other market imperfections, the value of the firm should not be affected by an equivalent amount of returns from cash dividends or share repurchases. However, empirical evidence suggests that share repurchases do increase the value of the firm (stock price) ...
Chapter 4
... 2. What is the internal growth rate (IGR)? IGR = maximum growth rate achievable without external financing. 3. What is the sustainable growth rate (SGR)? SGR = maximum growth rate achievable without external financing and while maintaining a constant debt-equity ratio. 4. What kinds of questions mig ...
... 2. What is the internal growth rate (IGR)? IGR = maximum growth rate achievable without external financing. 3. What is the sustainable growth rate (SGR)? SGR = maximum growth rate achievable without external financing and while maintaining a constant debt-equity ratio. 4. What kinds of questions mig ...
Ownership structure and firm value in Brazil Estructura de propiedad
... in control; (ii) consumption of goods at work; (iii ) establishment of transfer prices or sale of assets at prices that benefits another company in which the controller also has interest; (iv) benefits generated by the acquired information, confidential or not, whether about the company or potential ...
... in control; (ii) consumption of goods at work; (iii ) establishment of transfer prices or sale of assets at prices that benefits another company in which the controller also has interest; (iv) benefits generated by the acquired information, confidential or not, whether about the company or potential ...
annex - Financial Ombudsman
... “Chris Fishwick, at Aberdeen Asset Management, says ‘I predict the sector (which contains about Pounds 5.8 billion of assets) will double in size in the next three years.’ But critics question whether the growth of the sector is being inflated artificially – and if private investors really understan ...
... “Chris Fishwick, at Aberdeen Asset Management, says ‘I predict the sector (which contains about Pounds 5.8 billion of assets) will double in size in the next three years.’ But critics question whether the growth of the sector is being inflated artificially – and if private investors really understan ...
The international actor of Turkish capital markets 2006 ANNUAL
... themselves with local markets. If you have the determination to succeed, you have to step into the international arena. Although the main mission of Takasbank is to contribute to the development of capital markets by enhancing the free movement of capital, a more broad-based approach to its ultimate ...
... themselves with local markets. If you have the determination to succeed, you have to step into the international arena. Although the main mission of Takasbank is to contribute to the development of capital markets by enhancing the free movement of capital, a more broad-based approach to its ultimate ...
What a Mutual Fund is
... a steady basis. When referring to mutual funds, the terms "fixed-income," "bond," and "income" are synonymous. These terms denote funds that invest primarily in government and corporate debt. While fund holdings may appreciate in value, the primary objective of these funds is to provide a steady cas ...
... a steady basis. When referring to mutual funds, the terms "fixed-income," "bond," and "income" are synonymous. These terms denote funds that invest primarily in government and corporate debt. While fund holdings may appreciate in value, the primary objective of these funds is to provide a steady cas ...
Why Has Home Ownership Fallen Among the Young?
... the evidence, Moffitt and Gottschalk (2009) conclude that there has been a substantial rise in earnings uncertainty after 1980 compared to the 1970s, and that much of this increase occurred in the early part of the 1980s. There are differences depending on educational attainment and whether income ...
... the evidence, Moffitt and Gottschalk (2009) conclude that there has been a substantial rise in earnings uncertainty after 1980 compared to the 1970s, and that much of this increase occurred in the early part of the 1980s. There are differences depending on educational attainment and whether income ...
Economics of Money, Banking, and Financial Markets, 8e
... 3) Which of the following statements about financial markets and securities is true? A) A bond is a long-term security that promises to make periodic payments called dividends to the firmʹs residual claimants. B) A debt instrument is intermediate term if its maturity is less than one year. C) A debt ...
... 3) Which of the following statements about financial markets and securities is true? A) A bond is a long-term security that promises to make periodic payments called dividends to the firmʹs residual claimants. B) A debt instrument is intermediate term if its maturity is less than one year. C) A debt ...
Sponsored by Capstone Asset Management
... Advisory IQ Question #2: True or False? From 1Q06 – 3Q08, the market share of SMA assets declined while increases were realized in Mutual Fund Advisory, Rep as Portfolio Manager an UMA segments. ...
... Advisory IQ Question #2: True or False? From 1Q06 – 3Q08, the market share of SMA assets declined while increases were realized in Mutual Fund Advisory, Rep as Portfolio Manager an UMA segments. ...
TARP and market discipline - Lund University School of Economics
... between government support and risk aside, it is not necessarily only banks that are actually bailed out that are subject to possible moral hazard. Moral hazard is driven by expectations, and may affect bailed-out and non-bailed-out banks alike. For a non-bailed-out bank it is sufficient to use avai ...
... between government support and risk aside, it is not necessarily only banks that are actually bailed out that are subject to possible moral hazard. Moral hazard is driven by expectations, and may affect bailed-out and non-bailed-out banks alike. For a non-bailed-out bank it is sufficient to use avai ...
