Organizational Form and Firm Performance: Evidence
... production costs. There is no evidence that standalone firms increase overhead expenses or reduce leverage, which is inconsistent with significant synergy gains associated to HC status. Fourth, focusing on the affiliates of holding companies that legally challenged PUHCA, I show that standalone firm ...
... production costs. There is no evidence that standalone firms increase overhead expenses or reduce leverage, which is inconsistent with significant synergy gains associated to HC status. Fourth, focusing on the affiliates of holding companies that legally challenged PUHCA, I show that standalone firm ...
FORM 20-F Annual Report 2016
... Our business may be materially affected by financial markets, economic conditions and market fluctuations in Japan and elsewhere around the world Our business and revenues may be affected by any adverse changes in the Japanese and global economic environments and financial markets. For example, the ...
... Our business may be materially affected by financial markets, economic conditions and market fluctuations in Japan and elsewhere around the world Our business and revenues may be affected by any adverse changes in the Japanese and global economic environments and financial markets. For example, the ...
View PDF - CiteSeerX
... In fact, Darwin credited two economists, Thomas Malthus and Adam Smith, with crucially influencing the formulation of his theory. Malthus’ insight that unchecked population growth would outrun any increase in food supply, led Darwin to conclude that a struggle for existence must arise, leading by na ...
... In fact, Darwin credited two economists, Thomas Malthus and Adam Smith, with crucially influencing the formulation of his theory. Malthus’ insight that unchecked population growth would outrun any increase in food supply, led Darwin to conclude that a struggle for existence must arise, leading by na ...
sukuk structures
... an income, which in turn is supposed to benefit the real economy as well wider society. Therefore there must be a sharing of risk, profit and loss between the parties. “A key underlying aspect of sukuk that makes them different to conventional bonds is that they should be based on a tangible asset,” ...
... an income, which in turn is supposed to benefit the real economy as well wider society. Therefore there must be a sharing of risk, profit and loss between the parties. “A key underlying aspect of sukuk that makes them different to conventional bonds is that they should be based on a tangible asset,” ...
MultiFractality in Foreign Currency Markets
... general, there is little guidance in determining the optimal value of q . In this paper, we follow the Jacobsen’s (1996) procedure, and perform the test in two steps. First, we impose some specific models for the short-term dependence structure, namely an AR(1) one and a MA(1) one.13 Second, we appl ...
... general, there is little guidance in determining the optimal value of q . In this paper, we follow the Jacobsen’s (1996) procedure, and perform the test in two steps. First, we impose some specific models for the short-term dependence structure, namely an AR(1) one and a MA(1) one.13 Second, we appl ...
StrategyCEE Q315
... 2016, which is closer to the euro area average. Nonetheless, the structural weakness in several parts of the economy hinders economic growth over the long term. In most Eastern European countries, inflation has already bottomed out and will have moved well away from the negative territory in 2016. I ...
... 2016, which is closer to the euro area average. Nonetheless, the structural weakness in several parts of the economy hinders economic growth over the long term. In most Eastern European countries, inflation has already bottomed out and will have moved well away from the negative territory in 2016. I ...
The Québec Government`s Debt - Ministère des Finances du Québec
... Each year, Québec files an information document (form 18-K) with the SEC that contains all the information required under the Securities Act of 1933. The annual filing of form 18-K avoids having to file a prospectus for each borrowing, which would entail additional time and costs. The information in ...
... Each year, Québec files an information document (form 18-K) with the SEC that contains all the information required under the Securities Act of 1933. The annual filing of form 18-K avoids having to file a prospectus for each borrowing, which would entail additional time and costs. The information in ...
Keeping BT ahead of the game
... changed its name to BT Group plc on 11 September 2001. Following the demerger of O2 in November 2001, the continuing activities of BT were transferred to BT Group plc. British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all the businesses and asset ...
... changed its name to BT Group plc on 11 September 2001. Following the demerger of O2 in November 2001, the continuing activities of BT were transferred to BT Group plc. British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all the businesses and asset ...
Credit default swaps around the world: Investment and
... by creditors and risk sharing (see, e.g., Parlour and Winton (2013) and Subrahmanyam, Tang and Wang (2016)). There is little consensus in this literature regarding the net impact of CDS on the underlying firms. It is clear that CDS can provide better hedging opportunities for lenders, but these oppo ...
... by creditors and risk sharing (see, e.g., Parlour and Winton (2013) and Subrahmanyam, Tang and Wang (2016)). There is little consensus in this literature regarding the net impact of CDS on the underlying firms. It is clear that CDS can provide better hedging opportunities for lenders, but these oppo ...
Market Settlements Virtual and Financial Schedules (VF 201)
... MISO Disclaimer The following training materials are intended for use as training materials only and are not intended to convey, support, prescribe or limit any market participant activities. These materials do not act as a governing document over any market rules or business practices manual. The ...
... MISO Disclaimer The following training materials are intended for use as training materials only and are not intended to convey, support, prescribe or limit any market participant activities. These materials do not act as a governing document over any market rules or business practices manual. The ...
Entrepreneurial Overconfidence, Outside Equity and Successful Exits
... Overconfidence is essentially a distorted view of the world where the actor has expectations of personal performance that exceed the level that would be otherwise justified by an unbiased examination of the facts. These systematic distortions of reality are called cognitive biases. It is commonly un ...
... Overconfidence is essentially a distorted view of the world where the actor has expectations of personal performance that exceed the level that would be otherwise justified by an unbiased examination of the facts. These systematic distortions of reality are called cognitive biases. It is commonly un ...
Select Risk Profile Portfolios – quarterly investment report
... National Party demanded a second Scottish independence referendum. Meanwhile, the economy continued to perform robustly and Chancellor Phillip Hammond delivered a budget aimed at stabilising growth in the run up to Brexit. Equities in the US continued to rise as President Donald Trump took office an ...
... National Party demanded a second Scottish independence referendum. Meanwhile, the economy continued to perform robustly and Chancellor Phillip Hammond delivered a budget aimed at stabilising growth in the run up to Brexit. Equities in the US continued to rise as President Donald Trump took office an ...
Nordic High Yield Update
... around 30 oil and gas projects carrying total reserves of around 20bn barrels have been put on hold or cancelled. However, 2016 is not the turning point and we expect another negative year for offshore oil service fundamentals and bond prices, as we believe 2016 will be characterised by equity issue ...
... around 30 oil and gas projects carrying total reserves of around 20bn barrels have been put on hold or cancelled. However, 2016 is not the turning point and we expect another negative year for offshore oil service fundamentals and bond prices, as we believe 2016 will be characterised by equity issue ...
UNITED STATES SECURITIES AND EXCHANGE
... Some data related to economic sectors presented in this annual report was obtained from the following sources: B3, or (“’B3”, ex-BM&FBOVESPA); Brazilian Association of Credit Card Companies and Services (Associação Brasileira das Empresas de Cartão de Crédito e Serviços), or ("ABECS"); Brazilian Ass ...
... Some data related to economic sectors presented in this annual report was obtained from the following sources: B3, or (“’B3”, ex-BM&FBOVESPA); Brazilian Association of Credit Card Companies and Services (Associação Brasileira das Empresas de Cartão de Crédito e Serviços), or ("ABECS"); Brazilian Ass ...
Are Dividend Changes a Sign of Firm Maturity?
... presents the average annual change in return on assets (ROA) for the three years prior to the dividend change (-3 to –1) and the three years after the dividend change (+1 to +3). The average change is defined as the arithmetic average of the changes in each year. The table also presents the change i ...
... presents the average annual change in return on assets (ROA) for the three years prior to the dividend change (-3 to –1) and the three years after the dividend change (+1 to +3). The average change is defined as the arithmetic average of the changes in each year. The table also presents the change i ...
BEA Union Investment Series Product Key Facts
... Even if the Sub-Fund aims to pay realisation proceeds and/or dividends to investors of the RMB class of units in RMB, investors may not receive RMB upon realisation of their investments or receive dividend payments in RMB under extreme market conditions when there is not sufficient RMB for currency ...
... Even if the Sub-Fund aims to pay realisation proceeds and/or dividends to investors of the RMB class of units in RMB, investors may not receive RMB upon realisation of their investments or receive dividend payments in RMB under extreme market conditions when there is not sufficient RMB for currency ...