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’s α from conventional mutual funds. Hypothesis 3b: SR mutual funds show different CAPM β 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 fun...
Ngày tải lên: 23/03/2014, 12:21
Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows potx
... > 0 is a parameter that captures the size of noise, and ε i is an idiosyncratic noise term that is drawn from the distribution function g (·) (the cumulative distribution function is G (·)). ... withdrawing investors is greater. This is the case when λ is greater and when R 1 is smaller so that the damage caused by withdra wals to the fund’s assets is more severe. This...
Ngày tải lên: 16/03/2014, 14:21
Báo cáo khoa học: "Summarizing multiple spoken documents: finding evidence from untranscribed audio" potx
... In principle, this approach is free from the OOV problem inherent to ASR. The premise of this approach, however, is to reliably find reoccur- ing acoustic patterns in audio, which is challeng- ing ... similarity is to punish subpaths that cannot distinguish themselves from their background, e.g., those found in a block of high-similarity regions caused by certain acoustic noise. Di...
Ngày tải lên: 23/03/2014, 16:21
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” ... outlook Risk on the collateral demanded A. Costs of funds and balance sheet constraints B. Pressure from competition Competition from other banks Competition from non-banks C. Percepti...
Ngày tải lên: 29/03/2014, 13:20
Seasonal Asset Allocation: Evidence from Mutual Fund Flows potx
... Allocation: Evidence from Mutual Fund Flows Mark J. Kamstra, Lisa A. Kramer, Maurice D. Levi, and Russ Wermers ∗ July 2012 Abstract This 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 money market accounts (separate and distinct from mon...
Ngày tải lên: 30/03/2014, 12:20
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/ || )( x exf − = . In addition, Akaike and Bayes criteria preferred this conditional ... 15 Log-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 t...
Ngày tải lên: 15/03/2014, 14:20
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 AfricA A 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 sec...
Ngày tải lên: 22/03/2014, 21:20
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) R ˆ R Which interest rate scenario is the worst one for a bank? Evidence from a tracking bank approach for German savings and cooperative banks Christoph Memmel Discussion Paper Series 2: Banking ... 9566-3077 Internet 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)
Ngày tải lên: 22/03/2014, 23:20
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...
Ngày tải lên: 29/03/2014, 08:20
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 a...
Ngày tải lên: 24/08/2013, 18:48