... Introduction 5.2 The real and the financial part ofthe economy 5.2.1 The structure ofthe real part 5.2.2 The structure ofthe financial part 5.3 The structure ofthe economy from the viewpoint of national ... accounts ofthe central bank 28 The balance of payments account 29 Balance of payments (in foreign currency) 43 The parameters ofthesimulationofthe 3D dynamics 98 The parameters ofthe simulated ... 6.2 The real and the financial structure on the intensive form level 6.2.1 The real part ofthe economy 6.2.2 The financial part ofthe economy 6.3 The implied 34D dynamics 6.3.1 The laws of motion...
... interested in the banks’ level of profitability and exposure to risk? What are the principal components of ROE, and what does each ofthe these components measure? Suppose a bank has an ROA of 0.80% ... … the basic measure of stockholders’ returns ROE is composed of two parts: Return on Assets (ROA = NI / TA), represents the returns to the assets the bank has invested in Equity the ... objectives Maximizing the bank value Controlling wide-range risks 6-4 Value ofthe bank’s stock 6-5 Value of a bank’s stock rises when: Expected dividends increase Risk ofthe bank falls Market...
... implication ofthe permanent income modelThe second method of detecting the presence of capital constraints uses direct answers from firms to several qualitative questions on whether they perceive themselves ... and size ofthe firm Size ofthe firm is measured in both employment size (logarithm of total number of employees) and economic size (logarithm of total assets ofthe firm) We control for the survey ... Furthermore, the amount of personal equity injected at the start has a strongly negative effect on the extent of capital constraints The probability of this effect decreases as the amount of...
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... consists of viewing oneself from the standpoint ofthe other, and this is the essence ofthe selfing process Further, Mead’s concept of self is delineated by the “I” and the “me” such that the creative ... see the costume, the set, the props as well as the body ofthe blogger-performer Earlier, Erving Goffman’s The Presentation of Self in Everyday Life was described as a dramaturgical account ofthe ... simulation that exists in a virtual world Thesimulation itself becomes the site of signification, rather than the body ofthe actor (1999: 194) The relocation ofthe signifier is a key feature in textual...
... together represent some 90% ofthe total market capitalization of these exchanges The companies were assessed against the five key areas, which are recognized by the OECD Principles as the keys to good ... and other documents, especially the minutes and documents relating to the General Meeting of Shareholders, the company Articles of Association, and from the public media and other sources of public ... was the equitable treatment of shareholders with an overall level of compliance of 65.1% Other areas achieved a level of compliance of less than 50% This may very well be the reason why there...
... together represent some 90% ofthe total market capitalization of these exchanges The companies were assessed against the five key areas, which are recognized by the OECD Principles as the keys to good ... and other documents, especially the minutes and documents relating to the General Meeting of Shareholders, the company Articles of Association, and from the public media and other sources of public ... was the equitable treatment of shareholders with an overall level of compliance of 65.1% Other areas achieved a level of compliance of less than 50% This may very well be the reason why there...
... together represent some 90% ofthe total market capitalization of these exchanges The companies were assessed against the five key areas, which are recognized by the OECD Principles as the keys to good ... ROE of 23.5%, compare with the companies with lower corporate governance with ROE of 16.6% The results ofthe ROA ratios revealed a similar picture with the ROE ratios In addition, the score of ... in the past few years The area of least compliance with global good practice was that relating to the role of stakeholders with a level of compliance of just 29.2% This result shows that the...
... regression models: the full model (column 2), themodel without the regulation variables (column 3) and themodel with only the regulation variables (column 4) The R2 ofthe full model is 17.24%, i.e the ... interest rate exposure to the supervisor more frequently) In fact, it turns out that the sum ofthe R2 s ofthe two incomplete models is slightly larger than the R2 ofthe full model, i.e 10.08% + ... is the cross-sectional average ofthe bank-specific variable αi of those banks for which there is an observation in month t As the composition of this sample changes in the course of time, the...
... support the charities ofthe 14 companies‟ ranked bottom ofthe list less than 0.01% ofthe profits Looking at the other side ofthe coin, according to the research center on the management of Ashridge, ... indirectly, by the actions ofthe firm In the traditional view ofthe firm, the shareholders view, the shareholders or stockholders are the owners ofthe company, and the firm only addresses the needs ... out the survey, I also interviewed the director and chief accountant ofthe company on the CSR ofthe company The question is to play a close look at the financial situation ofthe company and the...
... product of its inputs The experiments measure the effect of varying the selectivity ofthe scans on the inputs to the join as follows (1) Varying the selectivity ofthe outer collection (v1) The ... Cardinality ofthe left input Cardinality ofthe right input Length ofthe predicate Type ofthe object Number of objects Extent ofthe database (e.g AtomicParts) Number of pages Size of a bucket ... varied here is the selectivities ofthe scans ofthe collections being joined, not the join selectivity itself, which is ratio ofthe number of tuples returned by a join to the size ofthe Cartesian...
... advantage ofthe prior probabilities ofthe senses, so they would be at a disadvantage relative to thebaseline if one ofthe senses had a very high prior, as is the case for the test word issue 10 The ... when there is an unusual trade-off between the cost of a Type I error and the cost of a Type II error Nevertheless, the proposed baseline does seem to provide a usable rough estimate ofthe lower ... AVERAGE 70% 92% There are, of course, a number of problems with this estimate ofthebaseline First, thebaseline system is not operational, at least as we have defined it Ideally, thebaseline system...
... parameterizations ofthemodel Movements in margins, however, depend on the parametrization ofthemodel More precisely, they depend on the amount of funds compared to deposits17 , and on the degree of monopoly ... will show how themodel solution changes when ¯ these are changed The value ofthe mean of M (M ) was set such that the probability of default is not greater than 20% across all our simulation and ... competition so the aggregator makes no profits The introduction of a deposits and loans aggregator facilitates the exposition ofthemodel without changing its results The aggregator solves the following...
... tested, K is the number of risk factors in the asset pricing model, µ is a column vector of mean returns ofthe risk factors, Ω is the unbiased estimate ofthe covariance matrix ofthe risk factors ... French model, respectively) Thus, the 4-factor model explains a part ofthe abnormal performance of short-dated bonds not explained by the 2-factor model Panel C of Table reveals the results for the ... bonds and the one-month risk-free rate ofthe previous month The proxy ofthe default risk is the difference between the return of corporate 12 The Corporate Composite bond index and the Euro...
... ofthe circulating medium ofthe country; but the theory of their operation was not understood As these notes were observed to take the place of coin, and to perform all its offices, it was thence ... Company, and the China Company; and now assumed the title ofthe Company ofthe Indias The Company next acquired the privilege of farming all the taxes and the whole revenue ofthe kingdom; and ... issued on the 21st of May, reducing the value ofthe notes in the proportion of ten to eight; on the first of July another reduction was to take place; and another yet, at the commencement of every...
... Citizen, An Appeal to the Public on the Conduct ofthe Banks in the City of New York (New York, 1815), 5-7; An Inquiry Into the Causes ofthe Present State ofthe Circulating Medium ofthe United States ... under the control of Andrew Dexter.7 Other failures followed in the wake ofthe Panic of 1819, the Panic of 1837, and almost every other financial calamity to strike the nation since, including the ... determined the nature ofthe bank’s loan portfolio For example, the founders ofthe Farmers Bank of Bucks County set up in Hulmeville because, in the words ofthe bank’s chronicler, it “was the seat of...
... funds in the period 1994-2003 using the same measure of performance Neither of these studies documents statistically significant differences in performance Both the approach and the results of our ... is the one that most closely approximates the matched-pair methodology used in previous studies and it maximizes the quality ofthe matches, although at the cost of a small sample size In some ... of Statman (2000) and Bauer et al (2005) Statman (2000) compares the performance of a sample of SRI funds with that of a control group of conventional funds of similar size and reports that the...
... the impact of these parameters is not the focus ofthe this study, the interested reader is referred to the existing literature [27-29] for further details The principal contributions of this article ... where, in the last passage, we have used the fact that the RVs {Λi, Λj, Penv, Xi} are independent The term in the third line ofthe expression at the right-hand side of (13) can be further expressed ... does not mean that there are not far interferers, but that their propagation model is simply the same of close interferers) Therefore, the computation ofthe link probability of success P (outdoor)...