Comovement Among Stocks with Similar Book-to
... boundary of the S&P/Barra indexes to make trading decisions. If the results are being driven by effects other than style investor sentiment, the same results should be found in the data prior to 1992. However, the empirical patterns found in support of the style investing hypothesis are not found in ...
... boundary of the S&P/Barra indexes to make trading decisions. If the results are being driven by effects other than style investor sentiment, the same results should be found in the data prior to 1992. However, the empirical patterns found in support of the style investing hypothesis are not found in ...
United States Securities and Exchange Commission Washington
... We operate in a litigious environment, and we are sued in the normal course of business. Sometimes plaintiffs seek substantial damages. Significant judgment is required in predicting the outcome of these suits and claims, many of which take years to adjudicate. We accrue estimated costs for a contin ...
... We operate in a litigious environment, and we are sued in the normal course of business. Sometimes plaintiffs seek substantial damages. Significant judgment is required in predicting the outcome of these suits and claims, many of which take years to adjudicate. We accrue estimated costs for a contin ...
How suitable is the Fama-French ve-factor model for
... approaches trying to find economic explanations for systematic risk. Second – and this is by far the largest group – there are approaches that model systematic risk by variables that empirically seem to correlate with asset returns. Among these empirical approaches, the three-factor model introduced ...
... approaches trying to find economic explanations for systematic risk. Second – and this is by far the largest group – there are approaches that model systematic risk by variables that empirically seem to correlate with asset returns. Among these empirical approaches, the three-factor model introduced ...
united states securities and exchange commission
... does not purport to reflect the results we may achieve in future periods or the historical results that would have been obtained had the Transactions been completed on January 1, 2014. The unaudited pro forma consolidated and combined statement of operations also does not give effect to any anticipa ...
... does not purport to reflect the results we may achieve in future periods or the historical results that would have been obtained had the Transactions been completed on January 1, 2014. The unaudited pro forma consolidated and combined statement of operations also does not give effect to any anticipa ...
Corporate Governance and Dividend Policy in Peru
... In July 2008 the LSE launched the Good Corporate Governance Index (GCGI) that is built upon a survey questionnaire on the 26 principles of good corporate governance for Peruvian firms made by the Securities Exchange Superintendence (SM V ), which is the national authority in charge of supervising qu ...
... In July 2008 the LSE launched the Good Corporate Governance Index (GCGI) that is built upon a survey questionnaire on the 26 principles of good corporate governance for Peruvian firms made by the Securities Exchange Superintendence (SM V ), which is the national authority in charge of supervising qu ...
Frame - Frips
... mechanic can often diagnose a problem by the sound of an engine, and a physician who has seen many cases of congestive heart failure develops a good feel for how much diuretic to administer. Interestingly, Charlie Munger once stated: "Warren often talks about these discounted cash flows, but I've ne ...
... mechanic can often diagnose a problem by the sound of an engine, and a physician who has seen many cases of congestive heart failure develops a good feel for how much diuretic to administer. Interestingly, Charlie Munger once stated: "Warren often talks about these discounted cash flows, but I've ne ...
Collateral Valuation In Clearing And Settlement System:
... Thailand also adopted VaR as a measure for haircuts used in banking regulation. In addition, the SEC’s system of haircuts in the US is a one-month 95% Value-at-Risk measure. VaR can be calculated by either parametric or non-parametric approach. The nonparametric approach does not make any assumptio ...
... Thailand also adopted VaR as a measure for haircuts used in banking regulation. In addition, the SEC’s system of haircuts in the US is a one-month 95% Value-at-Risk measure. VaR can be calculated by either parametric or non-parametric approach. The nonparametric approach does not make any assumptio ...
An Empirical Comparison of Interest and Growth Rates Munich Personal RePEc Archive
... The debt level of the United States of America (USA) is currently at over $17.6 trillion4, the highest it has ever been. Thinking back to what happened in Europe in the past years, this could be quite alarming. Taking advantage of the low interest rates to bring these numbers down seems like a sens ...
... The debt level of the United States of America (USA) is currently at over $17.6 trillion4, the highest it has ever been. Thinking back to what happened in Europe in the past years, this could be quite alarming. Taking advantage of the low interest rates to bring these numbers down seems like a sens ...
words - Investor Relations Solutions
... 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company expects to adopt these standards upon their effective date. We do not believe the new revenue recognition standard will materially impact our recognition of restaurant sales from compa ...
... 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company expects to adopt these standards upon their effective date. We do not believe the new revenue recognition standard will materially impact our recognition of restaurant sales from compa ...
Vale SA (Form: 6-K, Received: 10/24/2012 17:26:31)
... Common stock - 3,600,000,000 no-par-value shares authorized and ...
... Common stock - 3,600,000,000 no-par-value shares authorized and ...
Market conditions, default risk and credit spreads
... GFI. Both data sources were previously used in the literature (e.g., GFI data in Hull et al. (2004), and CreditTrade data in Blanco et al. (2005)). It is a rare instance to combine these two data sources. Our CreditTrade dataset spans from June 1997 to March 2006, and our GFI dataset covers the peri ...
... GFI. Both data sources were previously used in the literature (e.g., GFI data in Hull et al. (2004), and CreditTrade data in Blanco et al. (2005)). It is a rare instance to combine these two data sources. Our CreditTrade dataset spans from June 1997 to March 2006, and our GFI dataset covers the peri ...
The Risk-free Rate and the Market Risk Premium
... In the interests of transparency and to promote informed discussion, the Authority would prefer submissions to be made publicly available wherever this is reasonable. However, if a person making a submission does not want that submission to be public, that person should claim confidentiality in resp ...
... In the interests of transparency and to promote informed discussion, the Authority would prefer submissions to be made publicly available wherever this is reasonable. However, if a person making a submission does not want that submission to be public, that person should claim confidentiality in resp ...
New Imperialism or New Capitalism?
... Unfortunately, capital rules the world, perhaps more effectively than ever, so those who ignore it are bound to misunderstand it (although, admittedly, they often continue to enjoy it). Capital also keeps changing, which means that those who do theorize it have to constantly rethink their concepts a ...
... Unfortunately, capital rules the world, perhaps more effectively than ever, so those who ignore it are bound to misunderstand it (although, admittedly, they often continue to enjoy it). Capital also keeps changing, which means that those who do theorize it have to constantly rethink their concepts a ...
caratula working paper - Barcelona Graduate School of Economics
... risk taking increase long-run growth by compensating for the effects of enforceability problems? Yes. When contract enforceability problems are severe —so that borrowing constraints arise, but not too severe —so that the leverage effect is strong, a risky economy will, on average, grow faster than a ...
... risk taking increase long-run growth by compensating for the effects of enforceability problems? Yes. When contract enforceability problems are severe —so that borrowing constraints arise, but not too severe —so that the leverage effect is strong, a risky economy will, on average, grow faster than a ...
PPL Corp (Form: 8-K, Received: 09/03/2014 07:44:20)
... Any statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from such forward-looking statements. A discuss ...
... Any statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from such forward-looking statements. A discuss ...
Time Variation of Liquidity in the Private Real Estate Market: An
... markets violate a fundamental tenet of economics; that prices adjust to equilibrate supply and demand. It seems that prices do not rise ‘‘enough’’ in up markets (resulting in increased sales) and do not fall ‘‘enough’’ and are downwardly rigid, in down markets (resulting in a decrease in sales). Whi ...
... markets violate a fundamental tenet of economics; that prices adjust to equilibrate supply and demand. It seems that prices do not rise ‘‘enough’’ in up markets (resulting in increased sales) and do not fall ‘‘enough’’ and are downwardly rigid, in down markets (resulting in a decrease in sales). Whi ...
The Equity Premium: Why Is It a Puzzle? Rajnish Mehra
... equity holdings is not unique to U.S. capital markets. Table 2 confirms that equity returns in other developed countries also exhibit this historical regularity when compared with the return to debt holdings. The annual return on the U.K. stock market, for example, was 5.7 percent in the post-WWII p ...
... equity holdings is not unique to U.S. capital markets. Table 2 confirms that equity returns in other developed countries also exhibit this historical regularity when compared with the return to debt holdings. The annual return on the U.K. stock market, for example, was 5.7 percent in the post-WWII p ...
Estimating the Private Sector Rental Vacancy Rate for Canterbury
... For data up to six months old, we have sufficient observations to calculate the vacancy rate arithmetically, using only assumptions 1 and 2 below. But the number of vacant homes is unobserved in the most recent periods. This is because the time between a refund and re-lodgement available with a dela ...
... For data up to six months old, we have sufficient observations to calculate the vacancy rate arithmetically, using only assumptions 1 and 2 below. But the number of vacant homes is unobserved in the most recent periods. This is because the time between a refund and re-lodgement available with a dela ...
NCEA Level 2 Accounting (91177) 2012
... the mark-up percentage The profit for year percentage has fallen by 1% because even though the gross profit percentage increased by 4% / mark-up percentage increased by 20%, it was offset by the growth in the administrative expense percentage / total expense percentage OR The profit for year percent ...
... the mark-up percentage The profit for year percentage has fallen by 1% because even though the gross profit percentage increased by 4% / mark-up percentage increased by 20%, it was offset by the growth in the administrative expense percentage / total expense percentage OR The profit for year percent ...