long run risks and risk compensation in equity markets

... Bertero and Mayer (1990), King and Wadhwani (1990) and King, Sentana and Wadhwani (1994) find greater 12 integration of world stock markets in the period surrounding the crash of 1987 Longin and ... and Background For decades, researchers in economics and finance have been interested in testing structural breaks in macroeconomic and financial time series and identifying the substantial influence ... on long- run cointegration tests and short-term linkages of international securitized real estate markets will also be reviewed in the following two sections 2.3 Structural Breaks and Long- run...

Ngày tải lên: 16/10/2015, 15:34

... possible effective and fast screening tool Our study also examined the risk factors for OAB in men We found that OAB increased with age: 49% in men aged 40-49 years to 79% in men aged 70-79 years ... Schulz J and Corcos J A population-based study of urinary symptoms and incontinence: the Canadian Urinary Bladder Survey BJU Int 2008; 101:52 Milsom I, Abrams P, Cardozo L, Roberts RG, Throff J and ... bladder: a longitudinal study in men Public Health Nutr 2004; 7:885 Zhang W, Song Y, He X, Huang H, Xu B and Song J Prevalence and risk factors of overactive bladder syndrome in Fuzhou Chinese women...

Ngày tải lên: 25/10/2012, 11:35

... Research (CNRS) and works in the Signals and Systems Laboratory (LSS) at Sup´ lec, Gif-sur-Yvette, France Her main research intere ests are in presently adaptive filtering, linear and nonlinear channel ... cancellation and adaptive filtering He has also served as a Teaching Assistant in several courses on communications, signal processing, and electronics in the Department of Electronic and Electrical Engineering, ... obtained by taking = in the equation of the extended NKF coupled with a nonlinear front end in an attempt to minimize the effect of large noise peaks by eliminating, or at least de-emphasizing,...

Ngày tải lên: 23/06/2014, 01:20

... learning, and that in business risk and opportunity often go handin-hand, with risk per se not only being not bad, but even essential to progress Clearly such a perception of risk “as a good thing” ... issues), creating and maintaining good working relationships as well as a healthy work environment • Information management: Collecting and keeping data, data security and confidentiality, and the use ... formal training in it Certainly IVF has evolved rapidly over the last two -and- a-half decades or so: from its beginnings as a highly experimental procedure in the late 1970s, culminating in the birth...

Ngày tải lên: 28/06/2014, 17:20

... of the study, and participated in its design and coordination and helped to draft the manuscript All authors read and approved the final manuscript 16 17 18 19 20 21 Competing interests The authors ... risk subset included the patients with 0-2 independent prognostic factors (score 0-2), the intermediate -risk subset included the patients with 3-4 independent prognostic factors (score 3-4) and ... had more than independently significant negative factors were classified into the high -risk subset (score 5-8) There were 44, 100 and 54 patients in the low-, intermediate- and high -risk subsets,...

Ngày tải lên: 09/08/2014, 09:21

... in 68 (28%), hyperkalemia in 59 (25%), and toxins in (2%) The modality of renal replacement in the ICU was exclusively CRRT in 147, exclusively IHD in 48, and some combination of regimens using ... media in 107 (45%), aminoglycosides in 47 (20%) and amphotericin B in 10 (4%) The indications for institution of RRT were diuretic-resistant fluid overload in 178 (74%), metabolic acidosis in 87 ... immediately preceding initiation of RRT Pre-renal etiology was defined as directed therapy (i.e volume repletion and/ or increased cardiac output) being successful in improving and/ or correcting renal...

Ngày tải lên: 12/08/2014, 23:20

... walking up a slight incline’, III as ‘dyspnea while walking on level ground’ and IV as ‘dyspnea at rest’ Two independent internists blinded to Copeptin reviewed all medical records including ... Copeptin and NT-proBNP concentrations were examined Figure Kaplan-Meier curves demonstrating survival over time according to quartiles of Copeptin at baseline in all patients and showed in Figure ... of arginine vasopressin in human plasma J Clin Invest 1973, 52:2340-2352 Preibisz JJ, Sealey JE, Laragh JH, Cody RJ, Weksler BB: Plasma and platelet vasopressin in essential hypertension and congestive...

Ngày tải lên: 14/08/2014, 07:21

... per year in Singapore Chinese males and 7.9 per 100,000 per year in Singapore Chinese females (Singapore Cancer registry) The risk of GC in Singapore Chinese is at intermediate levels, in contrast ... identified In order to estimate the real effect of familial risk, a large twin study including 44,788 pairs of twins in Scandinavia had been conducted (47) In dizygotic twins, the risk of the other twin ... risk of GC and the risk increased with increase in the level of consumption (32) Other possible dietary risk factors include intake of nitrate, nitrite and nitrosamine which are often found in...

Ngày tải lên: 10/09/2015, 09:29

... studies the long- run growth effects of R&D subsidies, and points out R&D subsidies can either promote or retard long- run economic growth Jinli Zeng and Jie Zhang (2002) paper studies the longrun growth ... equation (11) and (12), and thus discourages investment in vertical R&D So in h − g space, equation (V) and (H) are two download-sloping lines that meet at the equilibrium point Equation (V) and (H) ... different implications 35 Summarizing all information together and putting into equation (39) and (40), we obtain the social planner’s choice of vertical R&D input intensity and optimal economic growth...

Ngày tải lên: 10/11/2015, 11:07

... Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies∗ It is often argued that a mandatory minimum wage is binding only if the ... Hart General Human Capital and Employment Adjustment in the Great Depression: Apprentices and Journeymen in UK Engineering 06/03 800 T Beissinger C Knoppik Sind Nominallưhne starr? Neuere Evidenz ... Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies Gerard J van den Berg Free University of Amsterdam, Tinbergen Institute, IFAU-Uppsala,...

Ngày tải lên: 22/02/2014, 09:20

Ngày tải lên: 23/04/2014, 16:20

... relates to either inventory holding costs and risks in dealer markets (Ho and Stoll, 1983) or to waiting costs and risks in the execution of limit orders (Rosu, 2005) in order-driven markets These ... trading gains and losses from a change in the price of wheat, trading gains or losses resulting from a change in the price of commodities that are correlated with wheat, such as corn, and gains and ... (Kaniel and Liu, 2006; Kaniel, Liu, Saar, and Titman, 2008) suggest that in the U.S equity markets, individuals behave as risk- averse, uninformed liquidity providers to institutions and that...

Ngày tải lên: 01/06/2014, 14:02

... APPLICATIONS IN EMERGING MARKETS RISK MANAGEMENT IN EMERGING MARKETS GOVERNANCE AND RISK IN EMERGING AND GLOBAL MARKETS Also by Sima Motamen-Samadian INTERNATIONAL DEBT AND CENTRAL BANKING IN THE 1980s ... those involved in decision-making for investment in emerging markets Chapter looks at hedging decisions in the presence of price and political risks in emerging markets Chapter examines the volatility ... existing models in assessing the trade-off between risks and returns in those markets The eight studies included here provide a valuable insight into the type of risks that investors might face in...

Ngày tải lên: 28/06/2014, 17:20

... all International Accounting Standards (IAS) and related interpretations issued by the former International Accounting Standards Committee (IASC), and the International Financial Reporting Standards ... differences exist in the amount and precision of private information in the hands of institutional and individual investors The higher level of understanding of institutional investors also implies ... mission is reforming and developing legislation and regulations, emphasizing transparency and disclosure, revitalization Jordan’s investment culture, encouraging and protecting investors and most importantly...

Ngày tải lên: 13/07/2014, 21:13

... phí thương hiệu, niềm tin lòng trung thành Phù hợp với công việc Manrai (1995), Storbacka, Strandvik, Gronroos (1994), nghiên cứu tìm thấy tin tưởng thương hiệu lòng trung thành biến can thiệp ... hài lòng → lòng trung thànhTH CN 0,56 120 4,69 000 Sự hài lòng OB → tin cậy THCN 0,91 042 21,81 000 Chuyển đổi chi phí → lòng trung thành THCN 0,33 085 3,82 002 tin tưởng THCN→ trung thành THCN ... tin thương hiệu: Chúng đưa giả thuyết: H5-1 Niềm tin thương hiệu công nghiệp có tác dụng tích cực lên lòng trung thành thương hiệu Lý giải thích hợp lý hiệu ứng tình có tham gia cao, niềm tin...

Ngày tải lên: 12/08/2014, 23:11

... financial institutions, the ever-growing and massive debt financing of uncertain investment projects over the business cycle, continual financial innovation and fundamental uncertainty In a word, ... profits and to meet his debt obligations (principle and interest cost) Thus increases in savings or a decline in current consumption automatically increases investment spending or as classical and ... negatively influences prices A fall in prices stimu- 46 | Keynes, Minsky and Financial Crises in Emerging Markets lates spending and consumption, and simultaneously lowers income thereby decreasing...

Ngày tải lên: 04/11/2014, 05:43

... average number of shareholders is 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine The survey included information on ownership categories: 75-100, ... from Russia and Ukraine reporting agencies Russia and Ukraine present interesting case studies of banking sector and the issue of corporate governance in particular Most of the banks in these countries ... Introduction The banking sector in Russia and Ukraine has experienced rapid growth in recent years, with total assets and equity more than doubling during the past years between 2003 and...

Ngày tải lên: 02/01/2015, 17:33

... average number of shareholders is 50 in Russia and 47 in Ukraine, the average Herfindahl index is 0.32 in Russia and 0.28 in Ukraine The survey included information on ownership categories: 75-100, ... from Russia and Ukraine reporting agencies Russia and Ukraine present interesting case studies of banking sector and the issue of corporate governance in particular Most of the banks in these countries ... Introduction The banking sector in Russia and Ukraine has experienced rapid growth in recent years, with total assets and equity more than doubling during the past years between 2003 and...

Ngày tải lên: 06/01/2015, 19:47

... native people from their normal habits of farming, hunting, mining, and forestry • Income does not trickle-down to locals • 50% of the income goes to airline, hotels, tour operators Benefits of Ecotourism ... shoot a single elephant in Zimbabwe • Leads to substantial revenue, and has minimal adverse impact on local populations Convention on International Trade in Endangered Species of Wild Fauna and Flora ... 28m international tourist in 2014 London attracted 18m tourists (2 largest attraction in the world) Tourist arrival in Cuba, 2010 Darbandsar, Iran… Darbandsar, Iran Why Study Tourism? • Attain...

Ngày tải lên: 23/06/2016, 21:31

... By definition, there are no fixed costs in the long run All long- run costs are variable The foregoing analysis is still useful in analyzing a firm’s long- run cost structure In the long run, the ... because long- run marginal cost is pulling it down If long- run cost is rising, as it does eventually in Figure 10.5, then long- run marginal cost must be pulling it up Hence at some point like q1 long- run ... long- run marginal cost must turn upward, intersecting the long- run average cost curve at its lowest point, q2 FIGURE 10.5 Marginal and Average Cost in the Long Run The long- run...

Ngày tải lên: 17/12/2013, 15:19