Corporate bond markets in Asia doc

... on bank financing, which has been pointed by many as the main culprit of the Asian financial crisis. In addition, Asian bond markets provide Asian investors with opportunities to invest in the ... cross-borer issuance for long-term bond financing. Global bond markets provide issuers with alternatives to regional bond markets for cross-border bond financing. The global fina...

Ngày tải lên: 27/01/2014, 11:20

... through restructuring of individual financial institutions or through specific taxes on financial services, rather than through limiting entry. The infant industry argument against international ... banking system in Colombia has low levels of foreign ownership, about 4%, yet the marginal costs of providing banking services has declined substantially as financial reform, including allowing...

Ngày tải lên: 27/01/2014, 12:20

... looking bond market for pricing. If bond prices re‡ect information ab out future volatility, a pricing model should …t better when using a forward looking instead of a historical measure. To investigate ... to using a historical measure. 5.1 Pricing bonds using a linear model The Merton model imposes a lot of structure on the pricing relation. I therefore also …t a linear model using the...

Ngày tải lên: 16/02/2014, 02:20

... females in the fifteen Asian countries is highest in Taiwan, Singapore, and Philippines in comparison, incidence in the United States is much higher than in any of the Asian countries. In China, ... 60 70 130 101 Selected cancers Breast In Asia, the incidence rate of breast cancer among females is highest in Taiwan, Singapore and Philippines. Breast cancer incidence rates in...

Ngày tải lên: 06/03/2014, 01:20

... lucrative cottage industry seeking to outline their determinants. John Dunning’s (1993) “eclectic paradigm” (introduced originally in the mid-1970s) synthesized those determinants. Dunning argued that firms ... value-chain in a number of industries. This book addresses the changing nature of high-tech industries in Asia, particularly in the electronics sector, where these networks ar...

Ngày tải lên: 07/03/2014, 19:20

... shares or bonds, which grant the right of the owner to purchase future shares or bonds. Bond Markets in Serbia 4. Regulation and Bond Trading in Practice 25 Bond Markets in Serbia Bond Markets in Serbia: regulatory ... the lack of transparency in determining the dinar exchange rate will continue to exist. Bond Markets in Serbia 3. Regulatory Environment for Bond...

Ngày tải lên: 15/03/2014, 09:20

... development than bond markets. In the United States, where the corporate bond market is most developed, bond market financing overtook borrowing from domestic banks long ago. In western Europe ... source of funding for corporations there since the early 1990s. Bonds have been increasingly supplementing bank lending as a source of finance for the private sector in other emerg...

Ngày tải lên: 15/02/2014, 13:20

... complex earnings-generating process, may have weaker earnings-return relations than firms operating in a single industry. 15 Finally, we include firm size as a control for other missing factors ... 1993; Ali and Hwang, 2000). In addition, instead of using NI in our regression model, we have also used ∆NI, change in earnings (current earnings minus lagged earnings all divided by lag...

Ngày tải lên: 18/02/2014, 01:20

... resulting decline in corporate creditworthiness undoubtedly played a role in the increase in yield spreads. But the drop in credit rat- ings—a key measure of creditworthiness—can explain only a part ... Rating Agency. Because the Japan Bond Rating Institute and Nippon Investors Service merged to form Japan Rating and Investment Information (R&I) in April 1998, Japanese ratin...

Ngày tải lên: 15/03/2014, 03:20

... PM95 corporate governance in china 96 table 4.16 The Role of Company Boards in Financial and Investment Decisions (percentage of listed companies) Sub- Decisive stantial Some Full influ- influ- influ- ... committees. Some CSRC opin- ions have also included provisions in relation to supervisory boards, for instance, recommending an increase in the number of independent supervisors an...

Ngày tải lên: 09/12/2013, 17:22