2016 Annual Report - Modern Times Group
... subscriber base grew to record new levels in 2016, and revenues were also boosted by higher prices for both our Viasat and Viaplay products as we added more premium content and functionality to both products, and enhanced the overall user experience. This was typified by our exclusive coverage of th ...
... subscriber base grew to record new levels in 2016, and revenues were also boosted by higher prices for both our Viasat and Viaplay products as we added more premium content and functionality to both products, and enhanced the overall user experience. This was typified by our exclusive coverage of th ...
Arbitrage Opportunities
... into the arbitrage with some probability. An arbitrageur’s decision and her probability to participate under such conditions is dependent on the expected probability of participation of other competing arbitrageurs. Thus, we show that the efficiency of the market in eradicating mispricing depends on ...
... into the arbitrage with some probability. An arbitrageur’s decision and her probability to participate under such conditions is dependent on the expected probability of participation of other competing arbitrageurs. Thus, we show that the efficiency of the market in eradicating mispricing depends on ...
Explaining Credit Default Swap Spreads with Equity Volatility and
... popular instrument in the rapidly growing credit derivatives markets, as a direct measure of credit default spreads. Compared with corporate bond spreads, which were widely used in previous studies in testing structural models, CDS spreads have two important advantages. First, CDS spread is a relati ...
... popular instrument in the rapidly growing credit derivatives markets, as a direct measure of credit default spreads. Compared with corporate bond spreads, which were widely used in previous studies in testing structural models, CDS spreads have two important advantages. First, CDS spread is a relati ...
Low volatility anomaly and mutual fund allocations - Aalto
... beta stocks experience lower absolute returns than suggested by the CAPM, whereas low beta stocks deliver higher absolute returns than the CAPM predicts. In other words, this means that the security market line which describes the relationship between risk and expected return was too flat relative t ...
... beta stocks experience lower absolute returns than suggested by the CAPM, whereas low beta stocks deliver higher absolute returns than the CAPM predicts. In other words, this means that the security market line which describes the relationship between risk and expected return was too flat relative t ...
Smart Beta - A referential guide for institutional investors
... managers that either underperform or hit investment capacity constraints.” “One needs to draw a distinction between a factor and a risk premium, or more precisely, a ‘return premium,’” he says. “For example, selecting or weighting component securities by book yield, dividend yield or earnings yield ...
... managers that either underperform or hit investment capacity constraints.” “One needs to draw a distinction between a factor and a risk premium, or more precisely, a ‘return premium,’” he says. “For example, selecting or weighting component securities by book yield, dividend yield or earnings yield ...
1 INVESTMENT: UNIT - 1 Investment involves making of a sacrifice
... financially strong companies which are usually the leaders in their industry. They are stable and matured companies. They pay good dividends regularly and the market price of the shares does not fluctuate widely. Examples are stocks of Colgate, Pond’s Hindustan Lever, TELCO, Mafatlal Industries etc. ...
... financially strong companies which are usually the leaders in their industry. They are stable and matured companies. They pay good dividends regularly and the market price of the shares does not fluctuate widely. Examples are stocks of Colgate, Pond’s Hindustan Lever, TELCO, Mafatlal Industries etc. ...
Towards Efficient Benchmarks for Infrastructure Equity Investments
... are relationship-specific i.e. they have little or no value outside of the contractual relationship in question, in particular, they have no value if they are not used. In this respect they are the opposite of real assets since they have no intrinsic value. From the relationship specificity of infra ...
... are relationship-specific i.e. they have little or no value outside of the contractual relationship in question, in particular, they have no value if they are not used. In this respect they are the opposite of real assets since they have no intrinsic value. From the relationship specificity of infra ...
Value at Risk - Drake University
... Fat Tails – Many securities have returns that are not normally distributed, they have “fat tails” This will cause an underestimation of the risk when a normal distribution is used. Do recent market events change the distribution? Risk Metrics weights recent observations higher when calculating stand ...
... Fat Tails – Many securities have returns that are not normally distributed, they have “fat tails” This will cause an underestimation of the risk when a normal distribution is used. Do recent market events change the distribution? Risk Metrics weights recent observations higher when calculating stand ...
6.5 Loan Portfolio
... Although these statements reflect management's current beliefs, they involve imprecisions and risks that are difficult to predict, and actual results and events may differ from those anticipated and discussed herein. These expectations depend materially on market conditions, Brazil’s economic perfor ...
... Although these statements reflect management's current beliefs, they involve imprecisions and risks that are difficult to predict, and actual results and events may differ from those anticipated and discussed herein. These expectations depend materially on market conditions, Brazil’s economic perfor ...
notes to the financial statements
... (45¤(KPCPEKCN+PUVTWOGPVU FRS 9 replaces FRS 139 – Financial Instruments: Recognition and Measurement in phases. It introduces a single model that has only two classification categories: amortised costs and fair value. All instruments are to be measured at fair value except for debt instruments ...
... (45¤(KPCPEKCN+PUVTWOGPVU FRS 9 replaces FRS 139 – Financial Instruments: Recognition and Measurement in phases. It introduces a single model that has only two classification categories: amortised costs and fair value. All instruments are to be measured at fair value except for debt instruments ...
Market Consistent Embedded Value Report 2015
... and amended in October 2009. The projection of assets and liabilities applying market consistent economic assumptions ensures a consistent valuation among them. In addition, an explicit allowance is made for residual non-hedgeable risks, reflected in the calculation of the Solvency II risk margin. F ...
... and amended in October 2009. The projection of assets and liabilities applying market consistent economic assumptions ensures a consistent valuation among them. In addition, an explicit allowance is made for residual non-hedgeable risks, reflected in the calculation of the Solvency II risk margin. F ...
Page 1 of 1 REPL::Annual Reports and Related Documents:: 7/5
... paid for a Share will be determined by the Directors. The purchase price to be paid for the Shares as determined by the Directors, in the case of a Market Purchase and an Off-Market Purchase pursuant to an equal access scheme, must not exceed 105% of the Average Closing Price of the Shares, in eithe ...
... paid for a Share will be determined by the Directors. The purchase price to be paid for the Shares as determined by the Directors, in the case of a Market Purchase and an Off-Market Purchase pursuant to an equal access scheme, must not exceed 105% of the Average Closing Price of the Shares, in eithe ...
NBER WORKING PAPER SERIES Sergio Mayordomo Juan Ignacio Peña
... Since the formation of the European Monetary Union (EMU henceforth) the topic of the determinants of the sovereign bonds’ yield spreads within the EMU has been the subject of intense and increasing research. Researchers have tried to find out which are the factors that explain the differences betwee ...
... Since the formation of the European Monetary Union (EMU henceforth) the topic of the determinants of the sovereign bonds’ yield spreads within the EMU has been the subject of intense and increasing research. Researchers have tried to find out which are the factors that explain the differences betwee ...
Form 424B4 CITIZENS FINANCIAL GROUP INC/RI
... information and statistics from various independent third-party sources, including independent industry publications, reports by market research firms and other independent sources. Nothing in the data used or derived from third-party sources should be construed as advice. The SNL Financial LC, or S ...
... information and statistics from various independent third-party sources, including independent industry publications, reports by market research firms and other independent sources. Nothing in the data used or derived from third-party sources should be construed as advice. The SNL Financial LC, or S ...
Whither Delaware? Limited Commitment and the Financial Value of
... between them. These twin agency problems both arise from the separation of ownership and control in the context of asymmetric information and incomplete contracts. Whereas the moral hazard problem focuses on potential conflicts of interest between managers and shareholders, the limited commitment pr ...
... between them. These twin agency problems both arise from the separation of ownership and control in the context of asymmetric information and incomplete contracts. Whereas the moral hazard problem focuses on potential conflicts of interest between managers and shareholders, the limited commitment pr ...
ARM Holdings plc - corporate
... “seeks”, “estimates”, “targets”, “consider” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other important factors that could cause actual results, ...
... “seeks”, “estimates”, “targets”, “consider” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other important factors that could cause actual results, ...
Bank of Nova Scotia: Proxy Circular
... delivering strong, consistent and predictable results to shareholders over the longer term. Our practices meet the model policy on “say on pay” for boards of directors developed by the Canadian Coalition for Good Governance (CCGG). You will be asked to vote on the following advisory resolution: Reso ...
... delivering strong, consistent and predictable results to shareholders over the longer term. Our practices meet the model policy on “say on pay” for boards of directors developed by the Canadian Coalition for Good Governance (CCGG). You will be asked to vote on the following advisory resolution: Reso ...
Essays on Capital Structure Stability - cerge-ei
... US savings and loan crisis in the 1980s and the dot-com bubble. However, neither of these crises caused deep recession or depression of production and investment in the economy as a whole. The financial sector was stabilized and continued growing after a funds infusion. So, neither crisis dramatical ...
... US savings and loan crisis in the 1980s and the dot-com bubble. However, neither of these crises caused deep recession or depression of production and investment in the economy as a whole. The financial sector was stabilized and continued growing after a funds infusion. So, neither crisis dramatical ...
