Cross-Sectional Dispersion and Expected Returns
... for aggregate idiosyncratic risk that can be readily computed at any frequency without the need to assume any particular asset pricing model. We propose that, as a proxy for aggregate idiosyncratic risk, cross-sectional dispersion represents a state variable that should be priced in the cross-secti ...
... for aggregate idiosyncratic risk that can be readily computed at any frequency without the need to assume any particular asset pricing model. We propose that, as a proxy for aggregate idiosyncratic risk, cross-sectional dispersion represents a state variable that should be priced in the cross-secti ...
AZZ INC (Form: 10-K, Received: 04/22/2015 08:07:01)
... Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as “may,” “should,” “ ...
... Certain statements herein about our expectations of future events or results constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by terminology such as “may,” “should,” “ ...
0000897101-15-000290 - Investor Relations
... there are approximately 48 million adults that report some degree of hearing loss. In adults the most common cause of hearing loss is aging and noise. In fact, by the age of 65 year old, one out of three people have hearing loss. The hearing impaired population is expected to grow significantly over ...
... there are approximately 48 million adults that report some degree of hearing loss. In adults the most common cause of hearing loss is aging and noise. In fact, by the age of 65 year old, one out of three people have hearing loss. The hearing impaired population is expected to grow significantly over ...
The Market for Corporate Control
... replaced after takeovers lose power, prestige and the value of organizationspecific human capital, they have incentives to oppose a takeover bid even though shareholders might benefit substantially from acquisition. However, management opposition to a takeover bid will benefit stockholders if it lea ...
... replaced after takeovers lose power, prestige and the value of organizationspecific human capital, they have incentives to oppose a takeover bid even though shareholders might benefit substantially from acquisition. However, management opposition to a takeover bid will benefit stockholders if it lea ...
Common Characteristics of New Firms that Initiate Dividends
... level of dividends signals the level for a firm‘s cash flows, while Kale and Noe (1990) demonstrate that the level of dividends signals the variance of the firm‘s cash flows.1 In these models, the decision to initiate dividends does not depend on firm quality but on a liquidity condition that may be ...
... level of dividends signals the level for a firm‘s cash flows, while Kale and Noe (1990) demonstrate that the level of dividends signals the variance of the firm‘s cash flows.1 In these models, the decision to initiate dividends does not depend on firm quality but on a liquidity condition that may be ...
2000 Annual Report PDF Version
... On the minus side, policyholder growth at GEICO slowed to a halt as the year progressed. It has become much more expensive to obtain new business. I told you last year that we would get our money’s worth from stepped-up advertising at GEICO in 2000, but I was wrong. We’ll examine the reasons later i ...
... On the minus side, policyholder growth at GEICO slowed to a halt as the year progressed. It has become much more expensive to obtain new business. I told you last year that we would get our money’s worth from stepped-up advertising at GEICO in 2000, but I was wrong. We’ll examine the reasons later i ...
Financial Statement Analysis and Security Valuation
... an investor acquires shares of another corporation so that it can exert significant influence over the other company’s activities even without owning a majority of the voting stock. GAAP views investments of between 20 and 50 percent of the voting stock of another company as minority, active investm ...
... an investor acquires shares of another corporation so that it can exert significant influence over the other company’s activities even without owning a majority of the voting stock. GAAP views investments of between 20 and 50 percent of the voting stock of another company as minority, active investm ...
Distress Anomaly and Shareholder Risk: International Evidence Assaf Eisdorfer
... typically rely on various financial ratios that indicate proximity to financial distress (e.g., book leverage), as well as some measures of profitability (e.g., return on assets, profit margin), liquidity (e.g., the current ratio), efficiency (e.g., asset turnover), growth prospects (e.g., market-to ...
... typically rely on various financial ratios that indicate proximity to financial distress (e.g., book leverage), as well as some measures of profitability (e.g., return on assets, profit margin), liquidity (e.g., the current ratio), efficiency (e.g., asset turnover), growth prospects (e.g., market-to ...
Master Thesis The Relation Between Quantitative Easing and
... Nederlandsche Bank, DNB), that quantitative easing (QE) might lead to bubbles in financial markets. This thesis aims to provide an insight in the effects of QE on bubbles in stock markets. Almost every day, financial newspapers contain some news or opinions regarding the European Central Bank’s (ECB ...
... Nederlandsche Bank, DNB), that quantitative easing (QE) might lead to bubbles in financial markets. This thesis aims to provide an insight in the effects of QE on bubbles in stock markets. Almost every day, financial newspapers contain some news or opinions regarding the European Central Bank’s (ECB ...
Like milk or wine: Does firm performance improve with age? by Alex
... exhibits exhaustive information on firm age, performance and financial variables. This article contributes on the empirical literature by exploiting the fact that we have detailed information on firm age and firm performance. The previous literature does not present the ...
... exhibits exhaustive information on firm age, performance and financial variables. This article contributes on the empirical literature by exploiting the fact that we have detailed information on firm age and firm performance. The previous literature does not present the ...
united states securities and exchange commission
... These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on currently available information. Important assumptions relating to the forward-looking statements include, among others, assumptions regarding the demand for office space in the sectors in whic ...
... These statements are based on beliefs and assumptions of Piedmont’s management, which in turn are based on currently available information. Important assumptions relating to the forward-looking statements include, among others, assumptions regarding the demand for office space in the sectors in whic ...
Global takaful contributions grew by 31% in 2009, to US$7b
... • The Takaful models chosen have affected operating costs, leading many Takaful operators to choose the “most profitable model”. • balancing between business needs and shariah®ulatory requirements will continue to feature the Takaful industry for decades to come. ...
... • The Takaful models chosen have affected operating costs, leading many Takaful operators to choose the “most profitable model”. • balancing between business needs and shariah®ulatory requirements will continue to feature the Takaful industry for decades to come. ...
Form: 10-K, Received: 09/13/2011 15:47:50
... which may include acquiring producing properties. Our rights to the Concession derive from a Hydrocarbon Production Sharing Contract that we entered into in 2006 with Guinea and modified by amendment in March 2010 (the “PSC”). The PSC was approved by the government of Guinea through the issuance of ...
... which may include acquiring producing properties. Our rights to the Concession derive from a Hydrocarbon Production Sharing Contract that we entered into in 2006 with Guinea and modified by amendment in March 2010 (the “PSC”). The PSC was approved by the government of Guinea through the issuance of ...
Black Box Corporation
... assessment, used to identify potential impairment, resulted in a surplus of fair value over carrying amount for each of our new reporting units, thus the new reporting units are considered not impaired and the second step of the impairment test is not necessary. At June 30, 2013 , the Company's stoc ...
... assessment, used to identify potential impairment, resulted in a surplus of fair value over carrying amount for each of our new reporting units, thus the new reporting units are considered not impaired and the second step of the impairment test is not necessary. At June 30, 2013 , the Company's stoc ...
Does Privatization Affect Performance?
... Pre & Post Privatization Analysis of PTCL Financial Performance Table-5 Paired Samples Statistics for variable OPM ...
... Pre & Post Privatization Analysis of PTCL Financial Performance Table-5 Paired Samples Statistics for variable OPM ...
Herdez: an attractive play in a defensive industry, at a
... Additionally, the acquisition of the frozen yogurt unit in 2013 (Nutrisa) and the ice-cream business from Nestlé a few days ago are key value drivers that we feel are not yet fully appreciated by the market. This latest acquisition will deploy an issuance of another MP1,000 million bonds, increasing ...
... Additionally, the acquisition of the frozen yogurt unit in 2013 (Nutrisa) and the ice-cream business from Nestlé a few days ago are key value drivers that we feel are not yet fully appreciated by the market. This latest acquisition will deploy an issuance of another MP1,000 million bonds, increasing ...
Herdez: an attractive play in a defensive industry, at a
... Additionally, the acquisition of the frozen yogurt unit in 2013 (Nutrisa) and the ice-cream business from Nestlé a few days ago are key value drivers that we feel are not yet fully appreciated by the market. This latest acquisition will deploy an issuance of another MP1,000 million bonds, increasing ...
... Additionally, the acquisition of the frozen yogurt unit in 2013 (Nutrisa) and the ice-cream business from Nestlé a few days ago are key value drivers that we feel are not yet fully appreciated by the market. This latest acquisition will deploy an issuance of another MP1,000 million bonds, increasing ...
evolving to a specialty care biopharma company - Bristol
... Changes were also announced to better align and focus the Global Finance, Strategic Planning, and Business Development groups, along with Enterprise Services and Global Manufacturing and Supply. These changes are creating a more focused company, concentrated on a smaller number of core assets and pr ...
... Changes were also announced to better align and focus the Global Finance, Strategic Planning, and Business Development groups, along with Enterprise Services and Global Manufacturing and Supply. These changes are creating a more focused company, concentrated on a smaller number of core assets and pr ...
