research paper series Research Paper 2007/33
... firms. First, if the sunk cost that needs to be paid to enter export markets is not too high, exporters experience a decrease in their financial constraints because, from the point of view of the bank, they have become less risky, due to their reduced volatility. Second, trade simultaneously increa ...
... firms. First, if the sunk cost that needs to be paid to enter export markets is not too high, exporters experience a decrease in their financial constraints because, from the point of view of the bank, they have become less risky, due to their reduced volatility. Second, trade simultaneously increa ...
ECONOMICO 2013 ENG.indd
... on the entities included in the consolidation scope. The Group companies hold interests of less than 20% in other entities over which they have no significant influence. The Group’s main activities and sales are carried on and made in Spain, Latin America, Asia, Africa and North America. On 17 Decem ...
... on the entities included in the consolidation scope. The Group companies hold interests of less than 20% in other entities over which they have no significant influence. The Group’s main activities and sales are carried on and made in Spain, Latin America, Asia, Africa and North America. On 17 Decem ...
Do Debt Markets Price Ṣukūk and Conventional Bonds
... well as investors in the market, in ways similar to the conventional bills and bonds because of the belief that these are similar. Thus, the main purpose of this paper is to report findings on this central research question as to whether there is empirical evidence to support the claim that these tw ...
... well as investors in the market, in ways similar to the conventional bills and bonds because of the belief that these are similar. Thus, the main purpose of this paper is to report findings on this central research question as to whether there is empirical evidence to support the claim that these tw ...
The relation between equity incentives and misreporting_ The role
... values and equity risk, managers will trade off any expected reward and risk associated with the misreporting decision. In this case, both the sensitivity of the manager’s wealth to changes in stock price (portfolio delta) and the sensitivity of the manager’s wealth to changes in risk (portfolio veg ...
... values and equity risk, managers will trade off any expected reward and risk associated with the misreporting decision. In this case, both the sensitivity of the manager’s wealth to changes in stock price (portfolio delta) and the sensitivity of the manager’s wealth to changes in risk (portfolio veg ...
the national flood insurance program: challenges and solutions
... current authorization expires in September 2017 and Congress will need to consider many complex and highly technical issues as it debates reauthorization. The American Academy of Actuaries Flood Insurance Work Group1 developed this monograph to assist Congress and other stakeholders in understanding ...
... current authorization expires in September 2017 and Congress will need to consider many complex and highly technical issues as it debates reauthorization. The American Academy of Actuaries Flood Insurance Work Group1 developed this monograph to assist Congress and other stakeholders in understanding ...
Your guide to our funds
... Your fund choice will also depend on whether you want growth on your investment or income from your money. For example you may want a regular investment income to top up your income if you no longer receive a wage. The length of time you plan to invest for should influence your attitude to risk, and ...
... Your fund choice will also depend on whether you want growth on your investment or income from your money. For example you may want a regular investment income to top up your income if you no longer receive a wage. The length of time you plan to invest for should influence your attitude to risk, and ...
Margin Regulation and Volatility
... of margin requirements. For both purposes we analyze the effects of margin regulation on asset return volatility within a calibrated infinite-horizon asset-pricing model with heterogeneous agents. We first show that, in line with the evidence on Regulation T, changes in the regulation of one class o ...
... of margin requirements. For both purposes we analyze the effects of margin regulation on asset return volatility within a calibrated infinite-horizon asset-pricing model with heterogeneous agents. We first show that, in line with the evidence on Regulation T, changes in the regulation of one class o ...
Model financial statements for the year ended 31
... Reporting Standards (IFRSs). They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided within a specific Standard. International GAAP Holdings Limited is assumed to have presented financial sta ...
... Reporting Standards (IFRSs). They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided within a specific Standard. International GAAP Holdings Limited is assumed to have presented financial sta ...
Does Investor Identity Matter in Equity Issues
... We measure post-issue stock price performance using several different benchmarks (described in the next section).4 Similar to Hertzel et al. (2002), the private-placement firms in our sample experience positive announcement period returns, but negative long-term abnormal returns when matched to non- ...
... We measure post-issue stock price performance using several different benchmarks (described in the next section).4 Similar to Hertzel et al. (2002), the private-placement firms in our sample experience positive announcement period returns, but negative long-term abnormal returns when matched to non- ...
Atresmedia Corporación de Medios de Comunicación, S.A. (formerly
... financial statements and evaluation of whether their presentation, the accounting principles and policies applied and the estimates made comply with the applicable regulatory financial reporting framework. In our opinion, the accompanying financial statements for 2013 present fairly, in all material ...
... financial statements and evaluation of whether their presentation, the accounting principles and policies applied and the estimates made comply with the applicable regulatory financial reporting framework. In our opinion, the accompanying financial statements for 2013 present fairly, in all material ...
2015 annual report 99 going on 100: transforming to serve you first
... pillars. Recognizing the needs of our modernday customers and complementing the Bank’s strengths in the corporate, commercial and financial market businesses, we underwent a rebranding program. We renovated our retail branches and enhanced the overall banking experience. We transformed our branches ...
... pillars. Recognizing the needs of our modernday customers and complementing the Bank’s strengths in the corporate, commercial and financial market businesses, we underwent a rebranding program. We renovated our retail branches and enhanced the overall banking experience. We transformed our branches ...
The conceptual and empirical relationship between gambling
... series of bets, and the negative expected return of most games. As these structural features tend to be absent in investment, “problematic investing” is expected to be extremely rare, if it exists at all. That being said, within the financial sector there is a continuum between investment and more “s ...
... series of bets, and the negative expected return of most games. As these structural features tend to be absent in investment, “problematic investing” is expected to be extremely rare, if it exists at all. That being said, within the financial sector there is a continuum between investment and more “s ...
Liquidity Coverage Ratio
... The liquidity plans described in paragraph 9.5(iii) to meet obligations denominated in foreign currencies may include holdings of HQLA in each significant currency to generate liquidity in the currency and jurisdiction in which the net cash outflows arise. A banking institution should establish inte ...
... The liquidity plans described in paragraph 9.5(iii) to meet obligations denominated in foreign currencies may include holdings of HQLA in each significant currency to generate liquidity in the currency and jurisdiction in which the net cash outflows arise. A banking institution should establish inte ...
Risk Implications of Energy Policy Instruments
... energy policy and support instruments on investments, especially in terms of risks, is crucial for developing an adequate policy framework in energy systems with high shares of renewable energies. This dissertation contributes to the research area of RES policy support. With a special focus on risk ...
... energy policy and support instruments on investments, especially in terms of risks, is crucial for developing an adequate policy framework in energy systems with high shares of renewable energies. This dissertation contributes to the research area of RES policy support. With a special focus on risk ...
Investment risks - Lecture 10: Asset allocation methods
... possible allocations (weights), then we can easily locate the optimal portfolio with the highest Sharpe ratio of (Rp - Rf)/(Vol of risky portfolio). When we only have two risky assets, as in this case, it is easy to construct this graph by simply calculating the portfolio returns for all possible we ...
... possible allocations (weights), then we can easily locate the optimal portfolio with the highest Sharpe ratio of (Rp - Rf)/(Vol of risky portfolio). When we only have two risky assets, as in this case, it is easy to construct this graph by simply calculating the portfolio returns for all possible we ...
PROSPECTUS DATED 17 JANUARY 2014 BUREAU
... Member State of the European Economic Area, references to "EUR" or "euro" are to the currency introduced at the start of the third stage of European economic and monetary union, and as defined in Article 2 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro, as amended ...
... Member State of the European Economic Area, references to "EUR" or "euro" are to the currency introduced at the start of the third stage of European economic and monetary union, and as defined in Article 2 of Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro, as amended ...
