Essays on the Forecasting Power of Implied Volatility
... stock splits, whereas Klein and Peterson (1988) find no response of implied volatility to stock splits2. Implied volatility functions have also been used to obtain the risk neutral densities of the underlying asset (Campa, Chang and Reider (1998), Bliss and Panigirtzoglou (2004)). ...
... stock splits, whereas Klein and Peterson (1988) find no response of implied volatility to stock splits2. Implied volatility functions have also been used to obtain the risk neutral densities of the underlying asset (Campa, Chang and Reider (1998), Bliss and Panigirtzoglou (2004)). ...
Fair Value Measurement (Topic 820)
... requirements in Topic 820 for measuring fair value when a reporting entity manages its financial instruments on the basis of its net exposure, rather than its gross exposure, to those risks. Financial institutions and similar reporting entities that hold financial assets and financial liabilities of ...
... requirements in Topic 820 for measuring fair value when a reporting entity manages its financial instruments on the basis of its net exposure, rather than its gross exposure, to those risks. Financial institutions and similar reporting entities that hold financial assets and financial liabilities of ...
Annual Report 2016 - Infineon Technologies
... 1 Columns may not add up due to rounding. The business with XMC industrial microcontollers developed by Automotive and Chip Card & Security was transferred to Power Management & Multimarket and Industrial Power Control with effect from October 1, 2015. The pevious year figures have been adjusted ac ...
... 1 Columns may not add up due to rounding. The business with XMC industrial microcontollers developed by Automotive and Chip Card & Security was transferred to Power Management & Multimarket and Industrial Power Control with effect from October 1, 2015. The pevious year figures have been adjusted ac ...
99 COMPANY XYZ LIMITED
... partner, depositary, AIFM, investment manager or by delegates or group companies of these" states that any transaction carried out with the Company by a management company, general partner, depositary, AIFM, investment manager or by delegates or group companies of these ("Connected Parties") must be ...
... partner, depositary, AIFM, investment manager or by delegates or group companies of these" states that any transaction carried out with the Company by a management company, general partner, depositary, AIFM, investment manager or by delegates or group companies of these ("Connected Parties") must be ...
Determinants of Dividend Policy in Sweden
... than less, meaning that a capital gain (increased stock value due to reinvestments), or dividends of the same size should be of equal value to the investor. Thereby dividends should not have any effect on a firm's value or its stock price. However, because the markets are not perfect in reality, dev ...
... than less, meaning that a capital gain (increased stock value due to reinvestments), or dividends of the same size should be of equal value to the investor. Thereby dividends should not have any effect on a firm's value or its stock price. However, because the markets are not perfect in reality, dev ...
Combined management report - Investor Relations
... added for the Group (CVA, see chapter on “Value-based management and targets” from p. 30 ) over three years. The three-year reference period reflects the aim of creating sustainable value. The segment’s economic performance is captured primarily by the CVA for each business segment. In addition, ea ...
... added for the Group (CVA, see chapter on “Value-based management and targets” from p. 30 ) over three years. The three-year reference period reflects the aim of creating sustainable value. The segment’s economic performance is captured primarily by the CVA for each business segment. In addition, ea ...
Periodic Report for 2015
... operating segments, also includes forward-looking information, as defined in the Securities Law, 1968. Forward-looking information is uncertain information concerning the future based on information in the company's possession at the time of publishing the report and which includes the company's ass ...
... operating segments, also includes forward-looking information, as defined in the Securities Law, 1968. Forward-looking information is uncertain information concerning the future based on information in the company's possession at the time of publishing the report and which includes the company's ass ...
Statement of Financial Accounting Standards No. 140
... amortization in proportion to and over the period of estimated net servicing income or loss and (b) assessment for asset impairment or increased obligation based on their fair values. This Statement requires that a liability be derecognized if and only if either (a) the debtor pays the creditor and ...
... amortization in proportion to and over the period of estimated net servicing income or loss and (b) assessment for asset impairment or increased obligation based on their fair values. This Statement requires that a liability be derecognized if and only if either (a) the debtor pays the creditor and ...
5620 Limited Liability - Reference
... §180.0622(2)(b)). Both federal and state law imposed double liability for shareholders of banks from 1865 to 1932 (Blumberg, 1986; Macey and Miller, 1992). The rapid adoption of limited liability in the US for law and accounting firms when catastrophic liabilities appeared after the collapse of thri ...
... §180.0622(2)(b)). Both federal and state law imposed double liability for shareholders of banks from 1865 to 1932 (Blumberg, 1986; Macey and Miller, 1992). The rapid adoption of limited liability in the US for law and accounting firms when catastrophic liabilities appeared after the collapse of thri ...
asx release
... substantial value through synergies – ramping up to approximately US$100 million per annum of synergies within four years of closing. “It’s the synergy opportunities that help make this a highly compelling acquisition, and I am confident that we have the right team in place to bring together the two ...
... substantial value through synergies – ramping up to approximately US$100 million per annum of synergies within four years of closing. “It’s the synergy opportunities that help make this a highly compelling acquisition, and I am confident that we have the right team in place to bring together the two ...
The US left behind? - Fisher College of Business
... flows and new tools were developed to facilitate crossborder investment. We find that financial globalization has been an important driver of IPO activity outside the U.S. and that it is associated with a reduction in the importance of the quality of a country's institutions as a determinant of its ...
... flows and new tools were developed to facilitate crossborder investment. We find that financial globalization has been an important driver of IPO activity outside the U.S. and that it is associated with a reduction in the importance of the quality of a country's institutions as a determinant of its ...
Selected french banking and financial regulations
... 1.1.7. GUARANTEES OF BANK GUARANTEES .......................................................................................... 69 Excerpt from Monetary and Financial Code: Articles D. 313-26 to D. 313-31, relating to the guarantees of bank guarantees................................................. ...
... 1.1.7. GUARANTEES OF BANK GUARANTEES .......................................................................................... 69 Excerpt from Monetary and Financial Code: Articles D. 313-26 to D. 313-31, relating to the guarantees of bank guarantees................................................. ...
Hot debt market - Adverse selection costs as a debt issue driver
... debt issue volume, or the hot debt market. Following the pecking order theory of capital structure, I hypothesize that high information asymmetry between investors and managers hinders companies from issuing equity and, instead, prompts firms to time their debt issues to that point of time. I also e ...
... debt issue volume, or the hot debt market. Following the pecking order theory of capital structure, I hypothesize that high information asymmetry between investors and managers hinders companies from issuing equity and, instead, prompts firms to time their debt issues to that point of time. I also e ...
Complete Annual Report 2011
... (1) The National Bank pursues a monetary policy serving the interests of the country as a whole. It must ensure price stability, while taking due account of economic developments. The SNB’s monetary policy strategy consists of three elements: a definition of price stability, a medium-term conditiona ...
... (1) The National Bank pursues a monetary policy serving the interests of the country as a whole. It must ensure price stability, while taking due account of economic developments. The SNB’s monetary policy strategy consists of three elements: a definition of price stability, a medium-term conditiona ...
The market pricing of accruals quality
... consistent with a rational asset-pricing framework in which accruals quality captures an information risk factor that cannot be diversified away. The findings concerning innate and discretionary accruals quality are consistent with information risk having larger pricing effects when it is driven by fir ...
... consistent with a rational asset-pricing framework in which accruals quality captures an information risk factor that cannot be diversified away. The findings concerning innate and discretionary accruals quality are consistent with information risk having larger pricing effects when it is driven by fir ...
From strength to strength
... O3b Networks is to provide a new fibre-quality, satellite-based, global internet backbone for telecommunications operators and internet service providers in emerging markets. ...
... O3b Networks is to provide a new fibre-quality, satellite-based, global internet backbone for telecommunications operators and internet service providers in emerging markets. ...