Tham khảo sách 'performance - a triannual topical digest for investment management professionals, issue 7, january 2012', tài chính - ngân hàng, quỹ đầu tư phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả
Differences in performance are
substantially higher in the 1997-2001 subperiod, suggesting that the outperformance of SRI
funds that we document in this paper is largely driven by the first part of the sample period. We
also investigate how our results are affected by the presence of SRI funds that perform little
social screening. When we restrict the sample of SRI funds to include only those funds that
perform intensive social screening, we obtain results similar to those obtained for the whole
sample of SRI funds.
Governmental entities may also be dependent on expected disbursements from foreign governments, multilateral agencies and others
abroad to reduce principal and interest arrearage on their debt. The commitment on the part of these governments, agencies and others
to make such disbursements may be conditioned on a governmental entity's implementation of economic reforms and/or economic
performance and the timely service of such debtor's obligations.
A more developed agricultural sector enhances food security. This holds particularly
true for SSA, a region with much agricultural potential yet affected by food crises.
Agriculture in this region is often characterized by undercapitalization, low technology,
poor market access, and underutilized or degraded land. These factors increase transaction
costs that weaken the production and sale of agricultural commodities.
See page 332 for analyst certification and important disclosures, including non-US analyst disclosures.
J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Customers of J.P.
The partnership was formalized by the creation of a steering committee that was entrusted
with the design, objectives, and content of the event.
The steering committee provided guidance and specific recommendations on the design of
the international workshop, and its members took an active role in the plenary sessions of the
workshop. The steering committee completed its mandate with the revision and approval of
the present publication of the workshop proceedings.
Our main contribution is to study a variable, international soccer results, that has particu-
larly attractive properties as a measure of mood. While extensive psychological evidence, which
we review below, shows that sports in general have a signiﬁcant eﬀect on mood, TV viewing
ﬁgures, media coverage, and merchandise sales suggest that soccer in particular is of “national
interest” in many of the countries we study.
1 It is hard to imagine other regular events that
produce such substantial and correlated mood swings in a large proportion of a country’s pop-
In the early 1980s, structural adjustment programs had serious social
costs for most African countries, particularly in terms of job loss. An
unemployment rate of about 30.0 percent resulted from cuts in govern-
ment payrolls and the restructuring or liquidation of enterprises and
financial institutions. The situation was aggravated by urbanization,
making the labor supply particularly elastic in our countries. In Senegal
in 1989, young people accounted for 67.2 percent of the total number of
unemployed men and 52.0 percent of the total number of unemployed
The article focuses on the regional economic growth as a result of the direct foreign investment in the region and its spill-over effects on neighboring regions. The unequal distribution of foreign direct investment should in principle tends to enlarge the regional economic differences. The article, however, shows that this is not the result of the investment.
Essentials of Investments: Chapter 7 - Capital Asset Pricing and Arbitrage Pricing Theory presents Capital Asset Pricing Model, Resulting Equilibrium Conditions, Capital Market Line, Slope and Market Risk Premium, Expected Return and Risk on Individual Securities.
This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 28 Accounting for Investments in Associates was issued by the International Accounting Standards Committee in April 1989. It replaced those parts of IAS 3 Consolidated Financial Statements (issued in June 1976) that had not been replaced by IAS 27. IAS 28 was reformatted in 1994, and amended in 1998, 1999 and 2000.
Forex – What is it? The international currency market Forex is a special kind of the world
financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies
purchase and sale. The exchange rates of all currencies being in the market turnover are
permanently changing under the action of the demand and supply alteration. The latter is a strong
subject to the influence of any important for the human society event in the sphere of economy,
politics and nature.
This publication is for short-term traders, i.e. for traders who hold stocks for one to eight
days. Short-term trading assumes buying and selling stocks often. After two to four months a
trader will have good statistics and he or she can start an analysis of trading results. What are
the main questions, which should be answered from this analysis?
The current explosion of the stock market is unprecedented by any period in its history. Since
the 1980s, the number of American households that own common stock has risen from
below 20 percent to just under half. And, this does not include households that hold stock
within their retirement plans or other indirect means. A significant portion of this growth is a
direct result of the proliferation of information available to the public through such new forums
as the Internet. Any information without explanation, however, is useless....
The last two decades have witnessed an extensive growth in foreign direct investment
(FDI) flows to developing countries. This has been accompanied by an increase in
competition amongst the developing countries to attract FDI, resulting in a rise in
investment incentives offered by the host governments and removal of restrictions on
operations of foreign firms in their countries. This has also led to an ever-increasing
number of bilateral investment treaties (BITs) and regional agreements on...
After we have set out the objectives for an investment, considered the challenges to reaching them, developed a strategy with the optimal chance of meeting our goals, allocated assets to asset classes and managers, and purchased the securities to build our portfolios, the next step is to check the results. Investment performance measurement is the quantification of the results achieved by an investment program. This book describes and demonstrates the techniques we use to measure investment performance....
The book you just opened is different from most
others on Excel that you might have seen. That’s
because it focuses on a topic that is deeply important
to us all: money.
The novelist Rex Stout once wrote, facetiously,
“The science of accounting has two main branches,
first addition, and second subtraction.” I kept that
in mind when I was casting about for the book’s
theme. I wanted to write a book that would show
people how to maximize profit, the result of combining
those two branches.
The tax rules of the United States and of foreign countries affect multinational
corporations in a variety of ways. Researchers at the National Bureau of Eco-
nomic Research have been studying the impact of taxation on multinational
corporations for several years. From time to time, the results of this research
have been presented at NBER conferences and subsequently published in
NBER volumes. The papers in the current volume, which were presented at
such a conference in January 1994, were the result of studies during the previ-...
The high data frequency not only helps to validate our results, but
also allows us to advance some analysis. For example, in Chapter 5, the fund weekly data are
used to calculate the risk-adjusted abnormal return for each year from 2000-2007. Then, it
turns into a panel data allowing us to perform a multidimensional (panel) regression on fund
Furthermore, this is the first empirical study of an emerging market which includes
flexible funds in the sample. In theory, a flexible fund is in some ways similar to equity funds
since its main assets are also stocks.