... of
investment company operations, and remained so in 2007, employing nearly one-third of the workers
in the fund industry (Figure 1.11). As theindustry has grown from its early roots, other ... toward institutional investors attracted $525 billion in new cash during 2008.
Increased economic uncertainty during the year and ongoing turmoil inthe money markets encouraged
these investors ... attributable to increasing investor
interest in lifestyle and lifecycle funds. The growing popularity of these funds, especially for
retirement investing, likely refl ects the automatic rebalancing features...
... dominated fund investing following the passage of
the Investment Company Act of 1940. But successive bear markets in stocks inthe 1970s along with
rising interest rates drew investors into ... the annual update of the Fact Book gives us an opportunity to present a broad overview
of the investment landscape by recording in a single volume some of the insights from these
meetings and ... funds. In 2009, we dedicated a separate chapter to ETFs, reflecting both their rapid asset
growth and their increasing diversity as they expand to include actively managed funds and funds
investing...
... and finance
since controlling the risk-taking in banking relates directly to the protection both of
depositors andthe financial system as a whole. Moreover, there is a clear conflict inside ... (1995) or Anderson and Fraser (2000) analyse the link between
managerial ownership and risk-taking. Demsetz and Strahan (1997) analyse the link between
size and bank risk.
Risk taking inthe Spanish ... the results of the
estimation andthe tests of the hypotheses. Section 6 contains the main conclusions.
2. Theoretical Background and Hypotheses
2.1. The moral hazard problem and owner-manager...
... (retail chains)
including: training, pricing, pecuniary and quality
supervision, network control, inventory and
accounting controls, advertising, local marketing
and sales promotion and other network ... remains to be
seen.
It is the work of theoreticians of finance. Alas, they are
consumed by mutual rubbishing and dogmatic thinking.
The few that wander out of the ivory tower and actually
bother ...
contracted by the firm, including accountants,
auditors, financial consultants, underwriters and
brokers, the banking system and other financial
venues.
8. To maintain a working relationship and to...
... one point, the contagion
threatened the stability of the entire banking system.
The Federal Savings and Loans Insurance Corporation
(FSLIC) - which insured the deposits inthe savings and
loans ... displaying an
inordinate desire to get rich quickly with a minimum of
They are bound to do so again. Inthe long run, the rise in
house prices cannot exceed the increase in disposable
income. The ...
maintained. Venture capital and risk capital funds, for
instance, are purely financial investors. So are, to a
growing extent, investment banks and other financial
institutions.
The financial...
... and increased
income inequality since the 1970s, because they entered the labor market when wage inequality was
more pronounced. These inequalities will continue into their old age, raising the ... robots performing personal care functions, may enhance the ability of elders with
disabilities to remain independent in their own homes.
The growth of the assisted living industryinthe 1990s is ... discussion:
•
The aging of the U.S. population and, in particular, the growth inthe proportion of people aged
85 and over, will place increasing demands on our fragmented long-term care system. The extent
to...
... you are paying the $260 a night that makes the Sheraton in Sofia
probably the most expensive hotel of its kind inthe world. Behind their desk
in the elegant marble hall with its distinctive Western ... takeovers and downsizing; the relativity of quality across cultures; the
business of quality; the quality profession and its role in promoting various fads
including international standards, ...
oped their own set of interpretive guidelines to supposedly assist their auditors
in determining whether or not an organization has adequately addressed the
intent of the standards. In many...
...
engineered insulin. The CDA said they had asked Eli Lilly, and a competitor that had also
discontinued animal insulin, to keep the animal insulin on the market. When the drug
companies said their ... safety.
In the early 1990s, due to government cutbacks in Canada and restrictions inthe US, the
HPFB andthe Food and Drug Administration (FDA) instituted user fees payable by
industry. In return, ...
“disease awareness” and advocacy. Understanding theindustry s goals andthe
infrastructure used to achieve these goals helps bring the ethical issues into clearer focus
and, in turn, suggests...
... methods described
in the thesis.
It is interesting to develop models and algorithms according to the
nature of the data, instead of trying to adjust the data to the nature of the
model. In an attempt ... found in
X
and
Y
simultaneously and such that the
scores inthe
X
and
Y
spaces have maximal covariance. Since the
covariance is the product of the correlation between the scores and the
variance ... contains the first D left singular vectors,
V
the first D right
singular vectors, and
S
is a diagonal matrix holding the first D singular
values in its diagonal.
The algorithms for fitting the...
... to 21.4%. The largest increases in operating costs
occurred after the two oil shocks inthe 1970s. Operating costs increased 15% and 30% in 1972
and 1973 and 16% in 1979 and again in 1980.
14
... cost function for the industry. The estimated model fits the data well and all sample
points satisfy monotonicity and concavity conditions at all points. Among the findings, the
industry operates ... price inelastic inthe early part of the
sample, during the oil price shocks of the 1970s, there was a dramatic and permanent increase, in
absolute value, inthe own price elasticity of demand,...
... capital investment in mining and mining MFP.
• Accounting for the lag between capital investment and output in mining explains a
considerable amount of the year to year variability in mining MFP. ... capacity inthe mining industry (whether inthe form of
new mines or mine expansions) andthe corresponding production. This chapter
examines the nature and extent of the relationship between investment ...
Sub-sectors within the mining industry
Longer-term trendsin productivity growth among the individual sub-sectors that
make up the mining industry are largely consistent with movements inthe industry...
...
permanent interchange of ideas between academic and industrial engi-
neers
and whether the ideas expressed influence research inthe coming
years.
xii
In Phase Equilibria and Fluid Properties inthe ... encountered in
industrial
practice. The goal for the future is to reduce
these
problems
from
nightmare to headache proportions in industrial applications,
though
they may continue to remain an ...
FOREWORD
The
ACS SYMPOSIUM SERIES was founded in 1974 to provide
a medium for
publishing
symposia quickly in book form. The
format of the SERIES parallels
that
of the continuing
ADVANCES
IN
...