Encyclopedia of Finance Part 24 pptx

... efficiency.’’ Journal of Finance, 48: 65–91. Jegadeesh, N. and Titman, S. (2001). ‘‘Profitability of momentum strategies: an evaluation of alternative explanations.’’ Journal of Finance, 56: 699–720. Lee, ... The role of volume.’’ Journal of Finance, 49: 153–181. Chan, K., Hameed, A., and Tong, W. (2000). ‘‘Profit- ability of momentum strategies in the international equity ma...

Ngày tải lên: 06/07/2014, 08:20

... and professionals, in an attempt to meet the demand for a key source of fundamental finance terminology and concepts. This Encyclopedia of Finance contains five parts. Part I includes finance terminology ... Distinguished Professor of Finance at Rutgers Busi- ness School, Rutgers University and was chairperson of the Department of Finance from 1988–1995. He has also se...

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... started to THE DESIGN OF THE TAX SYSTEM 243 246 PART FOUR THE ECONOMICS OF THE PUBLIC SECTOR THE FEDERAL GOVERNMENT The U.S. federal government collects about two-thirds of the taxes in our economy. It ... WILL . . . Consider the tradeoff between efficiency and equity in the design of a tax system Learn alternative ways to judge the equity of a tax system Get an overview of ho...

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... company subsidiaries. Furthermore, there is a limitation of the total assets of all financial subsidiaries of 45 percent of the total assets of the bank or $50 billion. 2.3. Functional Regulation ... http:==econ.worldbank.org=programs =finance= topic=depinsurance= 304 ENCYCLOPEDIA OF FINANCE The law, as passed, requires regulators to estab- lish standards to ensure the privacy...

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... Maturity ¼ n years. Empty cell represents the improbable case of r pf < r z . 318 ENCYCLOPEDIA OF FINANCE Journal of international Money and Finance, 9: 182–192. De Santis G. and Gerard, B. (1997). ... Bureau of Economic Research, 2 824. Harvey, R.C. (1991). ‘‘The world price of covariance risk.’’ Journal of Finance, 46: 111–157. Kocherlakota, N. (1990). ‘‘Disentangling...

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... (1989). ‘‘The impact of data errors on meas- urement of the foreign exchange risk premium.’’ Jour- nal of International Money and Finance, 8: 147–157. 356 ENCYCLOPEDIA OF FINANCE asset on each ... swap CREDIT DERIVATIVES 341 Counterparty A 100 Counterparty B Counterparty A Counterparty B Reference asset worth P Dirty C LIBOR + S C Counterparty A Counterparty B 100 100 Maturity Pa...

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... the Arbitrage Pricing Theory.’’ Journal of Finance, 43(3): 721–733. 372 ENCYCLOPEDIA OF FINANCE Chapter 7 TREASURY INFLATION-INDEXED SECURITIES QUENTIN C. CHU, The University of Memphis, USA DEBORAH N. PITTMAN, ... Cri- tique.’’ Journal of Financial Economics, 18: 91–110. Sharpe, W. F. (1964). ‘‘Capital asset prices: a theory of market equilibrium under conditions of risk.’’...

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... Jour- nal of Finance, 58: 1393–1414. Foster, D., Smith, T., and Whaley, R. (1997). ‘‘Asse ss- ing goodness -of- fit of asset pricing models: the dis- tribution of the maximal R-squared.’’ Journal of Finance, ... covar- iances in tests of asset pricing models.’’ Journal of Financial Economics, 24: 289–318. Harvey, C.R. (1991). ‘‘The world price of covariance risk.’’ Journal o...

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... regard to the time of receipt or payment of cash. Financial accounting enables a manager to measure the financial performance of a firm by 398 ENCYCLOPEDIA OF FINANCE A total review of a cash management ... return of asset i, the payoff equals 1. Where the payoff of asset i is an excess return, the price equals 0. Equation (12.1) states that the expected value of the risk-...

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... immunization.’’ Jour- nal of Banking and Finance, 12(3): 493–504. Redington, F.M. (1952). ‘‘Review of the principle of Life-Office Valuations.’’ Journal of the Institute of Actuaries, 78: 286–340. Samuelson, ... around 80 percent of the variance in holding period returns. A number of studies examine the effectiveness of immunization over sample sets of government 420 ENCYC...

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