Is socially responsible investing just screening? Evidence from mutual funds potx
Is socially responsible investing just screening? Evidence from mutual funds potx
... SR mutual funds. Hypothesis 3a:SR mutual funds show different Jensen’sα from conventional mutual funds. Hypothesis 3b:SR mutual funds show different CAPMβ from conventional mutual funds. IS SOCIALLY ... than conventional mutual funds. Hypothesis 2b:SR mutual funds show lower financial risk than conventional mu-tual funds. Hypothesis 2c:SR mutual funds show higher financial risk tolerance than ... IS SOCIALLY RESPONSIBLE INVESTING JUST SCREENING? 9 mutual funds according to ESG-scores is significant smaller than the risk toleranceparameter of conventional funds. Moreover,...
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Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows potx
... > 0 is a parameter that captures the size of noise, andεi is an idiosyncratic noise term that is drawn from the distribution function g (·) (the cumulativedistribution function is G (·)). ... withdrawing investors is greater. This is the case when λ is greater and when R1 is smaller so that the damage caused by withdra wals to the fund’s assets is more severe. Thisdiscussion leads to ... test by examining whether funds investing in illiquid assets display more return persistence, especially when the past performance is poor. This is necessary for the mechanism mentioned here to explain...
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Báo cáo khoa học: "Summarizing multiple spoken documents: finding evidence from untranscribed audio" potx
... In principle, this approach is free from theOOV problem inherent to ASR. The premise ofthis approach, however, is to reliably find reoccur-ing acoustic patterns in audio, which is challeng-ing ... similarity is to punishsubpaths that cannot distinguish themselves from their background, e.g., those found in a block ofhigh-similarity regions caused by certain acousticnoise.Distortion ... acoustic information alone is statistically indistinguishable from that of modernASR on broadcast news in cases where the WERof the latter approaches 33%-37%. This is an en-couraging result...
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Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from Lending Standards potx
... Zhu, “Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?” BIS working paper, 2008. Brender, A., and F. Pisani, “Globalised Finance and its Collapse” ... outlookRisk on the collateral demandedA. Costs of funds and balance sheet constraintsB. Pressure from competitionCompetition from other banksCompetition from non-banksC. Perception of riskExpectations ... calculated to take care of this issue. They are balanced statistics where also the intensity of the tightening is taken into account. In particular, a weight of 0.5 is given to the percentage...
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Seasonal Asset Allocation: Evidence from Mutual Fund Flows potx
... Allocation: Evidence from Mutual Fund FlowsMark J. Kamstra, Lisa A. Kramer, Maurice D. Levi, and Russ Wermers∗July 2012AbstractThis paper explores U.S. mutual fund flows, finding strong evidence ... savings to /from which funds flow?The largest savings category is, perhaps, bank accounts, including checking, savings, and moneymarket accounts (separate and distinct from money market mutual funds) .To ... effect, distinct from other seasonal influences, is to consider an implication of thehypothesis, that net exchanges should be more pronounced the further the market is away from the equator, consistent...
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Is there Room for Forex Interventions under Inflation Targeting Framework? Evidence from Mexico and Turkey pptx
... reject the hypothesis Ho: ν= 1, which corresponds to the Laplace distribution whose distribution function is 2/||)(xexf−= . In addition, Akaike and Bayes criteria preferred this conditional ... 15Log-returns present excess kurtosis and significant departures from normality as indicated by Shapiro-Wilk test. The distribution of the Turkish Lira is biased to the right while the peso ... 1998, and is almost equivalent to the highest amount of exercised options. On this day, there was also a USD 278 million discretionary and unanticipated sale of dollars. Table 3. Statistics...
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What is the impact of microfinance on poor people? a sysTemaTic review of evidence from sub-saharan africa pptx
... request this missing information, the tight timescale of this review made this impossible. 20 | A systemAtic review of evidence from sub-sAhArAn AfricAA systemAtic review of evidence from sub-sAhArAn ... into account the steps taken to minimise bias. In this review, this study therefore retains its status as a high quality evaluation. This decision is discussed further in section 5.4. 3.2 ... ‘microfinance schism’ to refer to the division between welfarists and institutionists. Welfarists are described as those who believe that the social goal of microfinance is prime, even if...
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Which interest rate scenario is the worst one for a bank? Evidence from a tracking bank approach for German savings and cooperative banks potx
... S(60)RˆRWhich interest rate scenario is the worstone for a bank? Evidence from a tracking bank approach forGerman savings and cooperative banksChristoph MemmelDiscussion PaperSeries 2: Banking ... 9566-3077Internet http://www.bundesbank.de Reproduction permitted only if source is stated. ISBN 978-3–86558–404–5 (Printversion) ISBN 978-3–86558–405–2 (Internetversion) ...
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SAVINGS BANKS'''' SOCIALLY RESPONSIBLE ACTIVITIES, A WEALTH OF EXPERIENCE: INSIGHTS FROM WSBI MEMBERS IN AFRICA, ASIA AND THE AMERICAS pot
... advertising for this purpose. Donations amounting to US$7,147 have also been released to the National Army Charity Institutions in support of the work the army is doing in raising money for disadvantaged ... focused on disseminating information at the workplace. It is also supposed to educate the bank’s employees on the need of responsible behaviour. This policy shall also address issues pertaining ... on savings account and deposit statements in fiscal year 2004. 3,377 cash cards displaying the account holder’s name in braille were issued till fiscal year 2004. All types of ATM machines are...
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Environmental regulation and economic competitiveness: Evidence from the textile industry in Vietnam
... this figure from a report by VINATEX is 1.6 million in 2000. Although there is a disagreement between data sources, one may get a rough idea of how labour- intensive the industry is. It is ... Assembly) issues: - Resolutions (Nghị Quyết) The Prime Minister and the Ministries can each issue: - Rulings, Decisions (Quyết Định) - Directives (Chỉ Thị) [The Prime Minister also issues ... Vietnam? Kommentar [MS4]: Kommentar [MS5R4]: Is this step of relevance? Do you discuss this later? If not, I suggest to skip this step. IT is evident. Contacting with the Management Technical...
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Từ khóa: Nghiên cứu sự biến đổi một số cytokin ở bệnh nhân xơ cứng bì hệ thốngBáo cáo quy trình mua hàng CT CP Công Nghệ NPVNghiên cứu sự hình thành lớp bảo vệ và khả năng chống ăn mòn của thép bền thời tiết trong điều kiện khí hậu nhiệt đới việt namNghiên cứu tổ hợp chất chỉ điểm sinh học vWF, VCAM 1, MCP 1, d dimer trong chẩn đoán và tiên lượng nhồi máu não cấpNghiên cứu vật liệu biến hóa (metamaterials) hấp thụ sóng điện tử ở vùng tần số THzBiện pháp quản lý hoạt động dạy hát xoan trong trường trung học cơ sở huyện lâm thao, phú thọGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitĐỒ ÁN NGHIÊN CỨU CÔNG NGHỆ KẾT NỐI VÔ TUYẾN CỰ LY XA, CÔNG SUẤT THẤP LPWANNghiên cứu tổng hợp các oxit hỗn hợp kích thƣớc nanomet ce 0 75 zr0 25o2 , ce 0 5 zr0 5o2 và khảo sát hoạt tính quang xúc tác của chúngNghiên cứu khả năng đo năng lượng điện bằng hệ thu thập dữ liệu 16 kênh DEWE 5000Thiết kế và chế tạo mô hình biến tần (inverter) cho máy điều hòa không khíChuong 2 nhận dạng rui roTổ chức và hoạt động của Phòng Tư pháp từ thực tiễn tỉnh Phú Thọ (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 15: Tiêu hóa ở động vậtNguyên tắc phân hóa trách nhiệm hình sự đối với người dưới 18 tuổi phạm tội trong pháp luật hình sự Việt Nam (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtChiến lược marketing tại ngân hàng Agribank chi nhánh Sài Gòn từ 2013-2015TÁI CHẾ NHỰA VÀ QUẢN LÝ CHẤT THẢI Ở HOA KỲQUẢN LÝ VÀ TÁI CHẾ NHỰA Ở HOA KỲ