Incentives and competition

Xem 1-20 trên 41 kết quả Incentives and competition
  • A banking entity may invest in or sponsor a covered fund if (i) the banking entity is not directly or indirectly controlled by a U.S. banking entity; 53 (ii) the banking en- tity is a “foreign banking organization,” or, if not a foreign banking organization, meets at least two of the following tests: (a) total non-U.S. assets exceed total U.S. assets; 54 (b) total non-U.S. revenues exceed total U.S. revenues; 55 and (c) total non-U.S. income exceeds total U.S. income; (iii) no ownership interests in the covered fund are of- fered or sold to a U.S.

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  • Representing more than half a million practitioners in more than 185 countries, PMI is a global thought leader and knowledge resource. PMI advances the profession through its global standards and credentials, collaborative chapters and virtual communities and academic research. When organizations invest in project management supported by PMI, executives have confidence their important initiatives will deliver expected results, greater business value and competitive advantage. Learn more at PMI.org....

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  • Funds with differential performance are either characterized by positive or negative alphas. To determine the source of differential performance, the standard approach partitions the R (γ) significant funds in two groups according to the sign of their estimated alphas. The first group contains the R+ (γ) funds with positive estimated alphas. We refer to them as the best funds. Similarly, the second group is formed with the R− (γ) funds with negative estimated alphas. We call them the worst funds.

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  • We propose an evolution in the Federal Reserve’s current supervisory authority for BHCs to create a single point of accountability for the consolidated supervision of all companies that own a bank. All large, interconnected firms whose failure could threaten the stability of the system should be subject to consolidated supervision by the Federal Reserve, regardless of whether they own an insured depository institution. These firms should not be able to escape oversight of their risky activities by manipulating their legal structure.

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  • The marketplace for business schools today is characterized by relentless change. Increasing competition from nonaccredited schools and globalization of the business education market are among the root causes of the instability. Management education is at risk, and industry- wide leadership is needed to position business schools to respond to emerging priorities and challenges. This report lays the foundation for this long-term initiative.

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  • However, this model is complicated by the fact that conflicts often occur in mixed-motive relationships where the involved parties both have cooperative and competitive goals and Mitchell’s model seems to have neglected this pluralistic/multifaceted/more complex dimension to the relationship. The competitive element creates conflict and the cooperative element creates incentives to negotiate an agreement. There are, however, studies that confirm that conflicts tend to occur even when the involved parties have highly compatible goals.

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  • Reviewers provide their comments in writing on Form RCSR or equivalent document. Comments are submitted to the DM electronically via Document Control by the date and time indicated on the review package transmittal letter. If a reviewer has no comments, he/she indicates “No Comments” on the Form RCSR and returns it to Document Control and the DM. The DM conducts a Comment Resolution meeting to document and resolve responses to review comments.

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  • If things go wrong, the audit committee also has a role in ensuring that they are put right – for example if an audit failure seems to be leading to poor, or even deliberately misleading, financial reporting decisions. This can put the committee into an adversarial relationship with both the external auditors and the executive, and audit committees must be ready to accept that role if necessary. The US corporate failures of 2002 point vividly to the importance of this.

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  • In the airport’s new rest lounge on the first floor of Terminal 2, twenty or so durable easy chairs have been set up. They were designed by Thomas Alken and occupational therapist Merete Labriola and produced by Hansen and Sørensen A/S. Their name is Take Off. The most ingenious feature of the chair is that no matter what your height or bulk, you sit so comfortably that you cannot help but rest for a while, or even take a nap, before you continue your journey. The chair is fitted with wings that give a feeling of privacy even when in the midst of other resting travellers.

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  • Digital objects have characteristics, or unique features, based on their creator and function. For example, the characteristics of a hard disk sector will be different when it is used to store the contents of an ASCII text document versus a JPEG image. We can use the characteristics to identify the data. The state of an object is the value of its characteristics. If a letter were changed in an ASCII text document, then the object corresponding to the file would have a new state. Similarly, the state of a running computer process changes every time data is written to its memory....

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  • Based on the results of categorization, the system owner should refer to NIST Special Publication (SP) 800-53, Recommended Security Controls for Federal Information Systems, which specifies that, “the organization sanitizes information system digital media using approved equipment, techniques, and procedures. The organization tracks, documents, and verifies media sanitization and destruction actions and periodically tests sanitization equipment/procedures to ensure correct performance.

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  • The focus on priority populations (1) within a population health approach challenges public health practitioners to make the intervention more accessible, engage in outreach activities and/or to develop specifi c strategies for priority populations. Priority populations exist where evidence points to health inequities or inequalities in the social determinants of health. For example, HBHC program interactions and referral activities include both universal and targeted high-risk family interventions.

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  • This chapter has looked at some of the ways you can take stock of your situation as a teacher working in unfamiliar terrain. First, you have access to support from Peace Corps. It is worthwhile researching the formal support system. A general plea for help might get you tea and sympathy, but you can make it even easier for staff to help you by precisely stating what you need, when, how much it's going to cost, and how you'd like to get it. Second, your staff room colleagues may have ideas and approaches which are different from yours. There are...

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  • In this paper, we employ the bias-adjusted matching estimator developed by Abadie and Imbens (2006), which overcomes this difficulty. The matching estimator analysis maps the multiple matching variables into a single number that measures the distance to the observation to be matched and selects as control observations those with the lowest value for this distance. Matching estimators, therefore, make it possible to use several matching variables simultaneously.

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  • The financial statements reviewed were subject to an independent audit and include disclosures specifically quantifying the value of the direct support. For security purchases, this disclosure includes the amount by which the purchase price exceeded fair market value (or the two figures necessary to calculate the difference), in all but one case. 11 Accordingly, full reliance was put on these disclosed figures when they were available, and assumptions regarding the fair value or the value of support were not necessary in these cases. ...

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  • Since other public investments can provide greater short-term employment and business activity per dollar spent, transportation projects would not be selected if economic stimulation were the only objective. Transportation investments justified if they also increase future economic productivity by reducing business transportation costs, such as traffic congestion and energy consumption, or achieve other objectives such as improved mobility for non-drivers.

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  • Improving your own teaching One way to improve your own teaching is to try new methods and activities in the classroom and then think about how well the activity improved students’ learning. Through trying out new activities and working in different ways, and then reflecting on the lesson and analysing how well students have learned, you can develop the best methods for your students. You can decide to concentrate on one aspect of teaching maths: language, culture, teaching methods, resources or planning. Find the relevant chapter and use it....

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  • During the year of this study, I taught three sections of English with a total of 61 students. A wide range of my students’ abilities and the presence of English Language Learners (ELL) in my classroom presented me with many challenges. Components of my instruction included the Houghton-Mifflin textbook series, Daily Oral Language, traditional grammar activities, and other supplemental materials. After several weeks of instruction I was disappointed in my students’ inability to demonstrate proper writing skills.

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  • Smog is another secondary pollutant. This term was developed to describe a substance that is a hybrid of smoke and fog. The SOx aerosols are one source of smog formation. As discussed earlier, sulfuric acid droplets, or sulfuric acid absorbed on the surface of soot and fly ash particles, can attract moisture from the air to form what is often referred to as conventional or ‘classical’ smog.

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  • While the secret questions are steadily becoming harder for an attacker to guess, not to mention more of a burden on the users, the COB often doesn’t scale internationally. For example in Mexico, home to 106 million people, 30% of the population is from one of five urban areas (Mexico City, Guadalajara, Monterrey, Puebla and Toluca) 8. Suddenly, what was a hard to guess secret question for a U.S. citizen has been greatly reduced to 1 in 5 for roughly 1/3 of Mexican users. Next, the business owner decides that instead of fighting the cat and mouse game of secret questions,...

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