Active or Passive
... funds in this study to reduce survivorship bias: the tendency for mutual funds to be excluded from a database because they no longer exist. Mutual funds with poor performance tend to be dropped by mutual fund companies, generally because of poor results or low asset accumulation. This phenomenon, wh ...
... funds in this study to reduce survivorship bias: the tendency for mutual funds to be excluded from a database because they no longer exist. Mutual funds with poor performance tend to be dropped by mutual fund companies, generally because of poor results or low asset accumulation. This phenomenon, wh ...
relatório e contas de 2003
... when compared with the first half of 2013. Table 4 details the main items that have contributed to changes in net fees and commissions during the first half of the year, which were, on the negative side, fees and commissions on lending transactions with 1.5 million euros less, -18.5%, and, on the po ...
... when compared with the first half of 2013. Table 4 details the main items that have contributed to changes in net fees and commissions during the first half of the year, which were, on the negative side, fees and commissions on lending transactions with 1.5 million euros less, -18.5%, and, on the po ...
Investment Financing and Financial Development: Firm Level Evidence from Vietnam
... through which finance can influence long-term growth patterns (Greenwood and Jovanovic, 1990; Greenwood and Smith, 1997; Diamond and Rajan, 2001; Diamond, 1984, 1991). These are summarised by Levine (2005) as: producing information about investments and allocated capital, monitoring investments and ...
... through which finance can influence long-term growth patterns (Greenwood and Jovanovic, 1990; Greenwood and Smith, 1997; Diamond and Rajan, 2001; Diamond, 1984, 1991). These are summarised by Levine (2005) as: producing information about investments and allocated capital, monitoring investments and ...
JZCP Annual Report and Financial Statements 2016
... and European micro-cap companies, as well as real estate properties in the US. JZCP’s investment objective is to provide an overall total return comprised of dividend yield plus stock appreciation. The current Board policy is to pay a dividend equal to 3% of net asset value, paid through semi-annual ...
... and European micro-cap companies, as well as real estate properties in the US. JZCP’s investment objective is to provide an overall total return comprised of dividend yield plus stock appreciation. The current Board policy is to pay a dividend equal to 3% of net asset value, paid through semi-annual ...
Regime Switching Interest Rates and Fluctuations in
... 3 We also allowed for the persistence parameter to be regime dependent. However, based on results from a formal hypothesis test using Argentinean quarterly data, we could not reject the null hypothesis that the persistence parameter is the same across regimes. More precisely, we constructed a likeli ...
... 3 We also allowed for the persistence parameter to be regime dependent. However, based on results from a formal hypothesis test using Argentinean quarterly data, we could not reject the null hypothesis that the persistence parameter is the same across regimes. More precisely, we constructed a likeli ...
Table of Contents - Land O`Lakes Inc.
... Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date o ...
... Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date o ...
1 CHAPTER-1 INTRODUCTION 1.0 INDIAN STOCK MARKET
... the many intelligent participants leads to a situation where, at any point in time, actual prices of individual securities already reflect the effects of information based both on events that have already occurred and on events which, as of now, the market expects to take place in the future. In oth ...
... the many intelligent participants leads to a situation where, at any point in time, actual prices of individual securities already reflect the effects of information based both on events that have already occurred and on events which, as of now, the market expects to take place in the future. In oth ...
850.12 KB - Asian Development Bank
... developing economies in terms of output growth stability, it can be their international macroeconomic policy management, determined within the constraint of the trilemma, that have contributed to making these economies better prepared for higher vulnerability possibly exacerbated by recent globaliza ...
... developing economies in terms of output growth stability, it can be their international macroeconomic policy management, determined within the constraint of the trilemma, that have contributed to making these economies better prepared for higher vulnerability possibly exacerbated by recent globaliza ...
Equity Investments as a Hedge against Inflation, Part 1
... these returns according to the level of inflation as shown in Exhibit 5. In times of very low inflation rates, especially during periods of strong disinflation or even deflation, both equities and bonds have high real returns. However, bonds significantly outpace stocks in the event of severe deflat ...
... these returns according to the level of inflation as shown in Exhibit 5. In times of very low inflation rates, especially during periods of strong disinflation or even deflation, both equities and bonds have high real returns. However, bonds significantly outpace stocks in the event of severe deflat ...
Financial Innovation: The Bright and the Dark Sides
... and Vishny, 2012), and by helping banks and investment banks design structured products to exploit investors’ misunderstandings of financial markets (Henderson and Pearson, 2011). Paul Volcker, former chairman of the Federal Reserve, claims that he can find very little evidence that the financial in ...
... and Vishny, 2012), and by helping banks and investment banks design structured products to exploit investors’ misunderstandings of financial markets (Henderson and Pearson, 2011). Paul Volcker, former chairman of the Federal Reserve, claims that he can find very little evidence that the financial in ...
BIS 76th Annual Report - June 2006
... Monetary and exchange rate policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Implications of relative price shocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Responding to exchange rate appreciation pressures . . . . . . . . . . . . . . . . . . Pol ...
... Monetary and exchange rate policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Implications of relative price shocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Responding to exchange rate appreciation pressures . . . . . . . . . . . . . . . . . . Pol ...
gentherm incorporated - corporate
... term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease. While ASU 2016-02 continues to differentiate betwee ...
... term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease. While ASU 2016-02 continues to differentiate betwee ...
Aging, Savings, and Financial Markets
... (GDP) is estimated. One strength of this approach is that the transition path from the current to the future state—which for demographic shocks can take decades—is clearly mapped out and explained. There are several drawbacks, though. It is assumed that the current state (to which the shock is appli ...
... (GDP) is estimated. One strength of this approach is that the transition path from the current to the future state—which for demographic shocks can take decades—is clearly mapped out and explained. There are several drawbacks, though. It is assumed that the current state (to which the shock is appli ...
Corporate Social Performance: Ethics and Corporate Culture
... based upon superior efficiency of the business.27 Theoretically, if a business does not have a competitive value chain and sells its output below its costs, the losses will prohibit the continued use of low prices. However, if accounting fraud is involved, as in the cases of WorldCom or Enron, cost ...
... based upon superior efficiency of the business.27 Theoretically, if a business does not have a competitive value chain and sells its output below its costs, the losses will prohibit the continued use of low prices. However, if accounting fraud is involved, as in the cases of WorldCom or Enron, cost ...
Kiplinger Wins Society of American Business Editors and Writers
... Kiplinger’s was one of 1,030 entries vying for the distinguished industry awards – up from 950 entries in last year’s competition. “This award is particularly significant to us because it represents a validation of our efforts by more than 200 working journalists and academics on the judging panel, ...
... Kiplinger’s was one of 1,030 entries vying for the distinguished industry awards – up from 950 entries in last year’s competition. “This award is particularly significant to us because it represents a validation of our efforts by more than 200 working journalists and academics on the judging panel, ...
The Canadian Fixed Income Market Report
... Money markets vs debt capital markets Fixed income securities are products that provide investors a fixed number of payments over a pre-determined period of time. Those that are issued with a maturity of one year or less constitute the money market and those issued with a maturity date greater than ...
... Money markets vs debt capital markets Fixed income securities are products that provide investors a fixed number of payments over a pre-determined period of time. Those that are issued with a maturity of one year or less constitute the money market and those issued with a maturity date greater than ...
RELATIONSHIP BETWEEN MACROECONOMIC VARIABLES AND
... ratio (0.000<0.05) and Expense ratio (0.01<0.05) are statistically significant while Inflation rate (0.151>0.05), Exchange rate (0.169>0.05), Money Supply (0.696>0.05) and Size of the assets (0.412>0.05) with significance of more than 5% are not statistically significant. This reveals that x1, x5, x ...
... ratio (0.000<0.05) and Expense ratio (0.01<0.05) are statistically significant while Inflation rate (0.151>0.05), Exchange rate (0.169>0.05), Money Supply (0.696>0.05) and Size of the assets (0.412>0.05) with significance of more than 5% are not statistically significant. This reveals that x1, x5, x ...
Task force on Climate-Related Disclosures
... indicate clearly that responsibility for climate assessment, particularly footprinting and scenario analysis, needs to be taken across the investment chain by all key actors, not only asset owners. The guidance should clarify how multi-managers disclose. Portfolio footprinting: while carbon footpr ...
... indicate clearly that responsibility for climate assessment, particularly footprinting and scenario analysis, needs to be taken across the investment chain by all key actors, not only asset owners. The guidance should clarify how multi-managers disclose. Portfolio footprinting: while carbon footpr ...