current developments and key issues in islamic finance

... I used for corporate training programs in India and abroad The feedback from participants has been invaluable in polishing and refining the exposition The eventual flow and clarity that I believe ... Free-Floating Methodology Well-Known Global Indexes Margin Trading and Short Selling Terminology Maintenance Margin Regulation T and NYSE and NASD Rules Short Selling Chapter Bonds V vii 113 114 115 ... print and electronic formats and by print-on-demand Some material included with standard print versions of this book may not be included in e-books or in print-on-demand If this book refers to...

Ngày tải lên: 24/11/2016, 15:08

... such things as a firm’s human resources and risk can prove effective in reducing information asymmetries and moderating the need for price protection On the other hand, disclosure of information ... discussed and inferences made as to these findings Theoretical Literature Perspectives and Related - Agency Theory One way to examine the link between a firm’s corporate governance and performance ... stipulated by the law But, in case of conflicts of interests, the demands and interests of some stakeholders (including shareholders) must be mitigated or sacrificed in order to fulfill fundamental...

Ngày tải lên: 06/01/2015, 19:49

... pp.678–709 Jennings, W., Schnatterly, K and Seguin, P (2002) ‘Institutional ownership, information and liquidity’, Innovation in Investments and Corporate Finance, Vol 7, pp.41–71 Kahn, C and Winton, ... ownership in general and are predominantly family-controlled The Tunisian Financial system is fragmented, dominated by banks Besides, financial institutions, including insurance, investment and securities ... method of Lin, Sanger and Booth (LSB, 1995) Notes: Table reports variable definitions for the variables used in the study Our sample includes the 6-year period beginning in 2001 and ending in 2007...

Ngày tải lên: 19/09/2016, 11:54

Ngày tải lên: 07/02/2013, 09:32

... The index fell as low as 239.69 points in February 2009 Since then, the index rose nearly 2.6 times to 530 points at the beginning of 2010 As being affected by the changes of the world finance and ... including stock price, the index and trading volume, are stationary and co-integrated Therefore, it becomes necessary to conduct various prior tests of integration and cointegration In so doing, ... between trading volume and price volatility Using GMM and Original least square regression method (OLS), Wang and Yau (2000) continued paying attention to the interesting relationship in futures...

Ngày tải lên: 27/09/2013, 21:58

... only when the information is new and unexpected • A “buy and hold” strategy is the most sensible strategy for the small investor Behavioural Finance • The lack of short selling (causing over-priced ... period Efficient Markets: Rational Expectations in Financial Markets II At the beginning of the holding period, we know Pt and C Pt+1 is unknown and we must form an expectation of it The expected ... Rational Expectations in Financial Markets III • Current prices in a financial market will be set so that the optimal forecast of a security’s return using all available information equals the...

Ngày tải lên: 05/01/2014, 16:56

Ngày tải lên: 17/01/2014, 03:20

... also include reading the other information contained in the “note d’opération définitive” in order to identify material inconsistencies with the information relating to the financial statements and ... persons whose ordinary activities involve them in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of their business or otherwise in circumstances ... Translation into English for information purposes only - Original in French (b) that it is a professional investor within the meaning of article 19(5) of the Financial Services and Markets Act 2000 (Financial...

Ngày tải lên: 15/03/2014, 07:20

... students hoping for careers in finance should get into the industry as early as they can and should consider hedging their financial assets while in school because they can The Making of an Investment ... percentage points higher than someone who starts elsewhere Controlling for starting in investment banking after business school, the relationship between working in investment banking before business ... Columns and show that the 73 percentage point difference holds in bull and bear markets Column includes an interaction between initially working in banking and stock returns while the person is in...

Ngày tải lên: 17/03/2014, 03:20

... terms of margin borrowing and alleviating borrowing constraints of dealers, and also consider the idea that fund °ows into stock and bond markets can a®ect trading activity, and thereby in uence ... to a one-standard deviation shock in another variable, and on assuming 250 trading days in an year Taking the total incremental trading cost per million shares traded and multiplying by the number ... Journal of 32 Finance 38, 1053-1074 Huang, R., J Cai, and X Wang, 2001, Inventory risk-sharing and public information-based trading in the Treasury Note interdealer broker market, working paper,...

Ngày tải lên: 23/04/2014, 16:11

... example, Greenspan, 1999, and \Finance and Economics: Alan Greenspan's miracle cure," Economist, October 24, 1998, pp.75-76 and \A Review of Financial Market Events in Autumn 1998," CGFS Reports ... f $ 5 m illio n t o a n in ° o w o f $ m illio n Th e d e c r e a s e in c a s h in ° o ws t o e qu it y fu n d s c o m b in e d wit h t h e in c r e a s e in c a s h in ° o ws t o g o ve r n ... ive a n d s ig n i¯ c a n t , p o in t in g t o a n in c r e a s e in t h e qu o t e d s p r e a d d u r in g t h e c r is e s W h ile , a n in c r e a s e in t h e n e t b o r r o we d r e...

Ngày tải lên: 23/04/2014, 16:29

... storage Wholesale and Retail trade Manufacturing Mining and quarrying Real estate Mining and quarrying Construction Real estate Mining and quarrying Manufacturing Manufacturing Manufacturing 33 AVF ... stream and air conditioning Manufacturing Manufacturing Wholesale and Retail trade Mining and quarrying Manufacturing Accommodation and Food Service activities Manufacturing Manufacturing Mining and ... Forestry and Fishing Manufacturing Electricity, gas, stream and air conditioning Financial, banking and insurance activities Manufacturing Financial, banking and insurance activities Manufacturing...

Ngày tải lên: 23/07/2014, 21:11

... when an individual refrains from also using part of his money income as present purchasing power and saves it by putting it aside in a stocking or a money box, or by leaving it idle on current ... regular business In actual fact all real investment consists partly in outlays of type (3) and partly in outlays of type (4) 37 STOCKMARKET, CREDIT AND CAPITAL FORMATION consists in investing in securities ... problems, and again find themselves doubting the rationality of the results established by the working of the free market And so they begin to re-examine exchange transactions from the standpoint of...

Ngày tải lên: 05/11/2014, 10:18

... gia tăng tỉ lệ sản xuất có ảnh hưởng đến tỷ suất sinh lợi chứng khoán III Cấu trúc yếu tố kinh tế Đầu tiên tác giả đề xuất biến kinh tế ngoại sinh có ảnh hưởng đến thị trường chứng khoán Xác định ... suất sinh lợi cuối kỳ Tín Phiếu kỳ hạn tháng LGB Long-term government bonds Tỉ suất sinh lợi TP phủ dài hạn Sự khác theo hàm logarit CPI Mỹ 1958-78: Ibbotson Sinquefield (1982) IP Baa Industrial ... Monthly growth, industrial production IP(t - 1)] YP(t) Annual growth, industrial production loge [IP(t) - / IP(t - 12)] E[I(t)] Expected inflation Fama Gibbons (1984) UI(t) Unexpected inflation I(t)...

Ngày tải lên: 16/11/2014, 10:32

... hedge against unanticipated increases in the aggregate risk premium occasioned by an increase in uncertainty  Since changes in inflation have the general effect of shifting wealth among investors, ... forecasting expected YP(t) and a series of unanticipated changes in YP(t), and changes in the expectation itself were examined for their influence on pricing B Inflation  Unanticipated inflation: ... movement in an independent variable is to introduce an errors-invariables problem  In the analysis of pricing, then, we will indirectly be using lagged stock market variables to explain the expected...

Ngày tải lên: 16/11/2014, 11:00

... as Vinamilk in 1992 Before equitization, Vinamilk was upon the Ministry of Industry, specializing in dairy and dairy products processing Principal business activities - Producing and trading ... filtered and instant), - Producing, trading packs/bags; pack printing, - Producing, buying and selling plastic products, - Polyclinics Products and Market Vinamilk produces more than 200 kind of ... listing, the company now is implementing and deploying production and business strategies in an effort to ensure its commitments to shareholders and investors, maintaining it as a “blue chip” in...

Ngày tải lên: 25/11/2014, 00:42

... đất… tượng ngoại sinh thật cho kinh tế giới, vào mô hình định giá tài sản nhân tố hệ thống vượt khả Mục tiêu đơn mô hình hóa tỷ suất sinh lợi vốn cổ phần hàm biến vĩ mô tỷ suất sinh lợi tài sản ... lợi kỳ vọng danh mục đầu tư Bất kỳ lợi kinh tế mà đề cập, trái ngược với tinh thần nghiên cứu chúng tôi, điều cho thấy ảnh hưởng đến giá biến ngoại sinh kinh tế vĩ mô Vì lý này, lý khác, chọn hướng ... lợi nhuận phát sinh từ hiệu ứng không giao dịch A.Sản lượng công nghiệp Những chuỗi tỷ lệ tăng trưởng sản xuất công nghiệp Mỹ Nó chọn từ Survey of Current Business Nếu IP(t ) – Industrial Production...

Ngày tải lên: 21/06/2015, 22:38

... CONTENTS Introduction Mispricing and Invest Empirical Analysis Conclusions Introduction In this paper: • Test a catering theory that describing how stock market mispricing might influence individual ... from the value destroying investment 1 Investment Decisions and Mispricing  The overinvest increases as the expected duration of mispricing increases (p becomes smaller) and decreases as the ... debt included in current liabilities and minus the change in income taxes payable, and DEP is depreciation and amortization www.themegallery.com  The differences between earnings and cash flow...

Ngày tải lên: 14/07/2015, 11:45

... phù hợp với Chirinko Schaller (2001) Baker, Stein, andWurgler (2003), nơi mà tình cảm ảnh hưởng đến đầu tư thực Nhóm 1_TCDN_Cao học Khóa 23 Page 24 The Stock Market and Corporate Invesment GVHD: ... chứng cho thấy nhà đầu tư dường đơn giản tập trung thu nhập (xem Hand, 1990, Maines Hand, 1996) Sự khác biệt thu nhập dòng tiền phát sinh quy ước kế toán đến đến mức độ nào, công ty ghi nhận doanh ... Page The Stock Market and Corporate Invesment GVHD: PGS.TS Trần Ngọc Thơ Tác giả sử dụng chứng khứ mối tương quan phương pháp trích trước tùy ý thu nhập cổ phiếu để biện minh cho việc sử dụng...

Ngày tải lên: 14/07/2015, 11:50