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Investment beliefs
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Ebook "EU enlargement and its macroeconomic effects in Eastern Europe: Currencies, prices, investment and competitiveness" offers a detailed study of the macroeconomic and structural adjustment burden. It envisages a real currency appreciation stemming from price convergence, capital inflows and weak structural change. The widespread belief that an Eastern enlargement of the Union would be overwhelmingly to the detriment of the present EU (budgetary costs, locational decisions, trade deficits) is rejected.
252p
loivantrinh
29-10-2023
5
3
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Ebook Socially responsible investing for dummies: Part 1 presents the following content: Chapter 1 investing the socially responsible way; chapter 2 the socially responsible enterprise: understanding and monitoring performance; chapter 3 understanding why institutions invest the way they do; chapter 4 how to research responsible investments; chapter 5 lights, research, action! using your research to influence your investments; chapter 6 close to home: supporting community development; chapter 7 scrutinizing governance: how is the company run?; chapter 8 evaluating environmental investing; c...
209p
haojiubujain03
09-08-2023
11
7
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Ebook Strategic risk management: A practical guide to portfolio risk management – Part 1 includes contents: Chapter 1 strategic risk management framework, chapter 2 governance risk, chapter 3 investment beliefs, chapter 4 fund’s purpose, chapter 5 strategic asset allocation, chapter 6 hedge funds, chapter 7 private equity, chapter 8 benchmarks, chapter 9 tactical asset allocation.
154p
haojiubujain02
03-07-2023
6
1
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Despite heavy, long-term investments in data management, data problems at many organizations continue to grow. One reason is that data has traditionally been perceived as just one aspect of a technology project; it has not been treated as a corporate asset. Consequently, the belief was that traditional application and database planning efforts were sufficient to address ongoing data issues.
16p
ntcuong01ct23
18-05-2020
34
0
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This article aims to discuss if there is an optimal age to learn a foreign language. By putting together both related theoretical and empirical research in the international literature, this article forwards the message that the general belief of ‘the earlier the better’ in foreign language learning is often misleading, and too early investment in children’s foreign language learning may become a big waste.
15p
partimesinhvien
08-05-2020
16
1
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The efficiency of drug development defined as a number of successfully launched new pharmaceuticals normalized by financial investments has significantly declined.
15p
vimax2711
30-03-2020
12
2
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In spite of the acceptance, in principle, that the task of management is to maximise returns for shareholders, most companies and fund managers still have not adopted value-based management. Accounting earnings rather than cash flows still form the basis for evaluating performance and valuing businesses. The financial press and analysts’ reports consistently focus on short-term earnings, earnings per share and price earnings ratios.
60p
lenh_hoi_xung
21-02-2013
38
6
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While the above-mentioned, changes the business dynamic fundamentally, much of the excitement surrounding the WWW emerges from the belief that the WWW and the resulting marketspace possess a far greater potential for value creation. In marketspace the constraints of time, place, and geographic boundaries are completely eliminated. The entrepreneur now has the ability to provide information to customers on demand, while possessing the ability to transact business at all times with customers that may be geographically scattered.
88p
bi_ve_sau
05-02-2013
39
5
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Lean Manufacturing is Mainstream. Substantial research and literature exists indicating that American industries are actively implementing Lean Manufacturing as a key strategy for remaining competitive in today’s manufacturing environment, and implementation of this manufacturing paradigm shift is taking place across numerous industrial and source sectors.
33p
saimatkhauroi
01-02-2013
47
5
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Guided by the belief that all lives have equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. our Global health Program supports this mission by harnessing advances in science and technology to save lives in poor countries. We focus on problems that have a major impact on people in the developing world but get too little attention and funding. Where proven tools exist, we support sustainable ways to improve their delivery.
15p
connicquy
14-12-2012
48
3
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I consider a continuous-time "two-trees" pure-exchange economy with in nite horizon. There is a single consumption good which serves as the numeraire. There are two types of investors who are heterogeneous in endowments, beliefs, and enforcement technology. Heterogeneity in endowments and beliefs provide incentives for trade in the nancial markets, which is driven by risk sharing motives and sentiment, respectively.
331p
connhobinh
07-12-2012
65
7
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The model presented is also related to the literature in limited risk sharing and participation constraints (Kehoe and Levine (1993), Kocherlakota (1996) and Zhang (1997)). More recently, Alvarez and Jermann (2000, 2001) showed that these participation constraints can be modelled as endogenous portfolio constraints, which they denote solvency constraints. Besides extending this strand of the literature for the case of heterogeneous beliefs, I solve this problem in continuous time for the rst time, thus generalizing it to the case of in nite possible states.
131p
connhobinh
07-12-2012
55
5
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The natural question is whether these heterogeneous expectations co-evolve into homogeneous rational-expectations beliefs, upholding the efficient-market theory, or whether richer individual and collective behavior emerges, upholding the traders’ viewpoint and explaining the empirical market phenomena mentioned above. We answer this not analytically—our model with its fully heterogeneous expectations it is too complicated to admit of analytical solutions—but computationally.
19p
quaivattim
04-12-2012
57
3
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This paper introduces Shariah-compliant investment by reviewing its key terms and concepts, assessing its market size and potential, and outlining its opportunities and challenges for investors and financiers. Shariah-compliant investment represents a series of ethical financial transactions that are organised in accordance with Islamic law. The range of investment opportunities complying with Muslim religious beliefs has historically been fairly limited.
8p
quaivatxanh
01-12-2012
66
6
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This section develops an econometric framework that allows an investor to combine in- formation in the data with prior beliefs about both pricing and skill. Nonbenchmark assets allow us to distinguish between pricing and skill, and they supply additional information about funds' expected returns. In addition, nonbenchmark assets help account for common variation in funds' returns, making the investment problem feasible using a large universe of funds.
40p
thangbienthai
22-11-2012
56
3
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This study, given its Bayesian approach, is related to the recent article by Baks, Metrick, and Wachter (2001), who estimate funds' alphas using informative prior beliefs about alpha. They investigate the degree to which informative priors can preclude an investor from infer- ring that at least one actively managed fund has a positive alpha. This inference relates to an investment problem of a mutual fund investor who can also earn the hypothetical costless returns on the benchmark indexes.
0p
thangbienthai
22-11-2012
54
7
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Prior beliefs about pricing models can be useful to someone investing in mutual funds. A pricing model implies that a combination of the model's benchmark assets provides the highest Sharpe ratio within a passive universe. That implication is useful to an investor seeking a high Sharpe ratio, even if the investor has less than complete con¯dence in the model's pricing accuracy and cannot invest directly in the benchmarks. Prior beliefs about managerial skill are also important in the investment decision.
0p
thangbienthai
22-11-2012
52
2
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We also demonstrate that optimal portfolios of mutual funds are in°uenced substantially by prior beliefs about both managerial skill and pricing models. For example, consider two investors who both rule out managerial skill but believe strongly in di®erent models: one believes in the CAPM while the other embraces a four-factor model. If either investor is forced to hold the portfolio chosen by the other, the resulting ex ante loss is about 60 basis points per month in certainty equivalent return.
211p
thangbienthai
22-11-2012
57
8
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Evaluating mutual fund performance is a topic of long-standing interest in the academic literature, but few if any studies have addressed the selection of an optimal portfolio of funds. Instead of using the historical data to estimate performance measures or produce fund rank- ings, this study uses the data to explore the mutual-fund investment decision.
204p
thangbienthai
22-11-2012
78
12
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Our first investor, the dogmatist, has extreme prior beliefs about the potential for manager skill. The dogmatist rules out any potential for skill, either fixed or time varying, for any fund manager. That is, the dogmatist’s view is that ai0 is fixed at 1 12ðexpense þ 0:01 turnoverÞ and that ai1 is fixed at zero, where expense and turnover are the fund’s reported annual expense ratio and turnover, and where we assume a round-trip total trade cost of 1% (this prior specification is similar to Pastor and Stambaugh (2002a,b)).
107p
quaivatdo
19-11-2012
56
8
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