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Ebook Observations on Risk Management Practices during the Recent Market Turbulence

... had worked up to that point in time. By analyzing the results of these systematic discussions and by using information otherwise ... II. SUMMARY OF KEY OBSERVATIONS AND CONCLUSIONS A. Four Firm Wide Risk Management Practices That Differentiated Performance ...

Story - puput - 09/29/2010 - 06:55 - 0 comments - 0 attachments

Ebook Business Archive Management Archive Without Compromise

... to implementing their archives, there is a common set of best practices. However, these best practices are not widely known, and can ... Business Archive Management involves mastering four core capabilities: Business planning identifying archive ... revenue streams, this value is translated into bottom line results. Contents Introduction Business Archive Management ...

Story - puput - 09/30/2010 - 06:25 - 0 comments - 0 attachments

Ebook Does Derivative Accounting Affect Risk Management? International Survey Evidence

... force managers to choose between achieving sound economic results – meaning hedges that effectively address real financial risks – or ... policies conducted in 2005. Three hundred and thirty four companies from 39 countries participated in the survey. Several items in ...

Story - puput - 10/08/2010 - 08:05 - 0 comments - 0 attachments

PDF Ebook Management Information Systems

... by Harsh and colleagues. They define information as one of four types and all these types are important component of a management ... a variety of types of information including financial results, production records, test results, product marketing, and maintenance ...

Story - antoq - 11/03/2010 - 05:31 - 0 comments - 0 attachments

Ebook Management of Uterine Fibroids: An Update of the Evidence

... fibroid size. Fibroids are most often grouped as one of four types: submucous (beneath the mucosa, or uterine lining) are immediately ... Available Evidence External Peer Review Chapter 3. Results KQ 1: Incidence and Prevalence of Uterine Fibroids KQ 2: ...

Story - wulan - 03/31/2010 - 09:07 - 0 comments - 0 attachments

Ebook The Determinants of Corporate Risk in Emerging Markets: An Option-Adjusted Spread Analysis

... Emerging Market Economies (EMEs), six in Latin America and four in the East Asian region, with available data in Bloomberg. Our main ... effects are relatively less important. All in all, these results underscore the importance of performance and other firm-specific ...

Story - puput - 01/28/2011 - 04:06 - 0 comments - 0 attachments

PDF Ebook Correlation Risk and Optimal Portfolio Choice

... the hedging demand estimated in our model is typically four to five times larger than in univariate stochastic volatility models and ... and Barndorff-Nielsen and Shephard (2004) find similar results. Another important strand of the literature has provided direct ...

Story - antoq - 11/18/2010 - 06:30 - 0 comments - 0 attachments

Ebook Credit Union Portfolio Management - An Additive Fuzzy Goal Programming Approach

... GP model for selecting optimal portfolio and compared the results with a linear programming (LP) model. Schniederjans et al. (1992) ... three demonstrates applications of both models. Section four analyzes and presents the results of both models. Finally, Section five ...

Story - puput - 10/08/2010 - 06:47 - 0 comments - 0 attachments

PDF Ebook International Evidence on Financial Derivatives Usage

... sample of firms studied to date. This research has four main objectives. First, we seek to document the usage of foreign exchange ... of users across countries and firm type. Our results show that in many countries outside the United States firms commonly ...

Story - antoq - 11/01/2010 - 06:39 - 0 comments - 0 attachments

PDF Ebook Credit Risk Stress-Testing: The Case of a Real Estate Crisis

... We will then describe past RE crises which happened in four advanced countries (Japan, France, United Kingdom and Norway) about a ... Concentration • A ’caricatured’ portfolio • Results from the simulation 2.5 Conclusion 3 Part 3 - Credit Risk ...

Story - antoq - 11/08/2010 - 08:41 - 0 comments - 0 attachments


PDF Ebook A Re-Examination of The Slave Diet

Submitted by antoq on Tue, 09/15/2009 - 01:37

The genre of literature discussing the lives of slaves throughout United States history is vast and covers all aspects of slavery from the viewpoints of different researchers. The slaves’ quality of life is a complex topic since each plantation had its own unique way of running, and slaves’ experiences on the plantation differed in their access to food, housing and clothing, and treatment and punishments. The aspect of the slaves’ life that is the focus of this study is the slaves’ diet on the plantation. This study challenges the recent argument by Robert Fogel and Stanley Engerman that slave diets were calorically and nutritionally adequate.

Previous studies on the slaves’ life have fit into several general categories. Some researchers have reported that the slaves’ life was materially good. These researchers argue that slavery was oppressive, but it was not as cruel as past historians first thought and their material lives were comparable to free white laborers of the time.

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Ebook The Pending Challenges in Global Financial Regulation Reform: Liquidity Insurance for Systemic Crises

Submitted by puput on Thu, 09/08/2011 - 06:35

The financial crisis which began in the summer of 2007 has its roots in a big collective mistake: the under estimation of systemic risk. This mistake has two important dimensions. A first dimension is the absence of a macroprudential view in the design and practice of financial regulation and economic policy (especially monetary policy, but possibly also the fiscal and exchange rate policies that helped sustain global imbalances). A second dimension is the excessively optimistic judgment of the process of securitization and the supposed virtues of the originate-to-distribute (OTD) model of banking.

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Ebook The Role of Endogenous Vintage Specific Depreciation on the Optimal Behavior of Firms

Submitted by puput on Mon, 06/07/2010 - 02:37

The need to introduce heterogeneity in the capital-accumulation process and to differentiate capital goods by their vintage or productivity have been widely recognized since the seminal work of Solow [37]. Together with embodied technological progress, the most crucial aspect of the vintage capital models is that capital goods of later date are more productive, or make products of higher quality (see [28], [38], [2] and [7]). Accordingly, recent studies (see among others, [40], [16], [1], [17]) take into account the fact that firms not only have to decide on the volume of the capital goods but also on the optimal age distribution of them, and have been centered around the questions posed by Chari and Hopenhayn [12]: Why are new technologies often adopted so slowly? Why do people of-ten invest in old technologies even when apparantly superior technologies are available? How are decisions to adopt new technologies affected by the prospect that even better technologies will arrive in the future?

Vintage capital models are able to generate different properties and dynamics from the classical capital accumulation models. The so-called “vintage effect”, i.e. the productivity differential between successive vintages of capital due to embodied technological progress, plays a crucial role on the firm’s optimal plans. Such a productivity differential creates an advantage in investments in younger machines. Younger machines are not only endowed with a superior technology but have also a longer lifetime than the older ones (see [5]). However, they have also the disadvantage that the older machines are cheaper and the costs of depreciation and discounting are less. With the presence of these latter effects, [16] provides an explanation for why new technologies are often adopted on a large scale only after a long period of time. Taking into account the vintage effect, [16] analyzes in what way a perfectly competitive firm adjusts current investments to the predictions of technological progress. As current investments do not affect the profitability of investments in future technologies in a perfectly competitive market, predictions of higher technological progress in the future do not influence the current investments. However, considering market power, [17] shows that a ”negative anticipation effect” occurs. Since current investments increase output which decreases the price, this creates a negative effect on the profitability of future investments, so that the anticipated technology shocks will be preceded by declines of investment. This will be followed by a period of higher growth where new capital goods can be purchased without reducing the output price too much.

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