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Finance and Financial Management

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Full-Text Articles in Business

Covered Interest Rate Parity: The Usd And Cny, Kimberly D. Scott Nov 2015

Covered Interest Rate Parity: The Usd And Cny, Kimberly D. Scott

Kimberly D Scott

One of many tests of international finance is a test termed Covered Interest Rate Parity (CIRP). This theorem posits that exchange rate forward premiums (discounts) are offset by the respective interest rate differential between two currencies (Bhargava, Dania, & Malhotra, 2011). To briefly describe another theorem of interest rate parity is the Uncovered Interest Rate Parity (UIRP). This theorem posits that a return on an uncovered foreign currency deposit should be equal to the return on a similar domestic deposit despite the national market the foreign deposit is located.


Cny & Usd: Foreign Exchange Rates, Kimberly D. Scott Nov 2015

Cny & Usd: Foreign Exchange Rates, Kimberly D. Scott

Kimberly D Scott

A forward rate is related to a spot rate that is set to take place in the future (Bekaert & Hodrick, 2012). Interestingly, one issue that can be challenging when performing transactions is not knowing what the rate will yield in the future versus at present. Due to market pressures or even policy decisions, either a devaluation or revaluation of domestic currency to foreign currencies can transpire.


Chinese Yuan And The American Dollar, Kimberly D. Scott Nov 2015

Chinese Yuan And The American Dollar, Kimberly D. Scott

Kimberly D Scott

The economic relationship between China and the United States has been a hit and miss discussion over the years. One question, in particular, has stimulated more than speculation, but empirical research of whether we know that China's currency is undervalued is certainly a trigger to perform further research.


Innovation And Entrepreneurship A Panacea To Crisis, Emmanouil Alexander Zografakis May 2015

Innovation And Entrepreneurship A Panacea To Crisis, Emmanouil Alexander Zografakis

Emmanouil Alexander Zografakis EZ

The beneficial effect of innovation and entrepreneurship on crisis management can be easily highlighted taking Greek financial crisis into account. That specific crisis has paved the way to a new enterprising era, characterized by high instability, making the dream of growth potential speculation to be vanished into thin air. Thus, the process of management, planning and setting of targets is liable to come to a standstill. On that occasion, only the balancing of quality and cost can lead to manufacture that can be deemed to be “value for money”.


Xinhua_Daxin_Global_Financial&Economic_Report, Guo Changlei Luc, 新华大鑫 新华大宗 新华社 Apr 2015

Xinhua_Daxin_Global_Financial&Economic_Report, Guo Changlei Luc, 新华大鑫 新华大宗 新华社

Luc Changlei Guo

文章是新华社新华大鑫(新华大宗036号综合会员单位)全球金融研究报告。This article is written by the Global Financial and Economic Research Center which is sponsored by Xinhua Daxin of Xinhua New Agency. Xinhua Daxin is the No.36 member of Xinhua Bulk Commodity Exchange Center.


Strategic Risk Management In Agriculture, Steven Slezak Feb 2015

Strategic Risk Management In Agriculture, Steven Slezak

Steven Slezak

A presentation on the risk management issues that impact strategy in agribusiness and agriculture operations.


A Burning Question: Does Arson Increase When Local House Prices Decline?, Michael D. Eriksen, James M. Carson Jan 2015

A Burning Question: Does Arson Increase When Local House Prices Decline?, Michael D. Eriksen, James M. Carson

Michael D Eriksen

We construct panel data on house prices and the determined cause of 4.8 million individual fires in the United States between 1986 and 2010 to test whether decreases in local housing market prices coincided with increases in arson. Since some insured homeowners may attempt to disguise the actual cause of fire as accidental, we also examine how decreases in local house prices are associated with changes in the total number of fires and the probability of determined causes of accidental fires. For the sample period, our results suggest that declines in local house prices coincided with increases in arson, the …


Analytical Review Of Job Training Cost And R&D Cost In Superior Companies In Kerman Province Of Iran, Mahdi Amirzadeh Jan 2015

Analytical Review Of Job Training Cost And R&D Cost In Superior Companies In Kerman Province Of Iran, Mahdi Amirzadeh

Dr.Mahdi Amirzadeh

In competitive world many companies are trying to get good success between their rivals. Companies owners wants to optimize their cost and manage it to receive to proper level of cost and expenses.one of important factors for analyze the business success is training and its effects on company outputs, many companies are aware from the positive effects of this important parameter and try to use training benefits in there business. Also R&D units are important units in companies and many of them have high concentration on their efforts and performance.in this research we have investigated on 31 companies in Kerman …


Whose Beliefs Drive Trade In The Stock Market? Evidence From Household Belief Dispersion And Trading Volume, Dan Li, Geng Li Jan 2015

Whose Beliefs Drive Trade In The Stock Market? Evidence From Household Belief Dispersion And Trading Volume, Dan Li, Geng Li

Geng Li

No abstract provided.


Information, Contract Design, And Unsecured Credit Supply: Evidence From Credit Card Mailings, Song Han, Benjamin Keys, Geng Li Jan 2015

Information, Contract Design, And Unsecured Credit Supply: Evidence From Credit Card Mailings, Song Han, Benjamin Keys, Geng Li

Geng Li

No abstract provided.


Malta Financial Services Part Ii, Bryane Michael Jan 2015

Malta Financial Services Part Ii, Bryane Michael

Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

These are the slides for the Malta presentation.


Determining Your Total Net Worth, Denver Burke Dec 2014

Determining Your Total Net Worth, Denver Burke

Denver Burke

No abstract provided.


Padipoker.Com Agent Judi Poker Situs Poker Online Teraman Dan Terpercaya Indonesia, Di Rosie Nov 2014

Padipoker.Com Agent Judi Poker Situs Poker Online Teraman Dan Terpercaya Indonesia, Di Rosie

di rosie

Data Peserta Kontes SEO 855Online: NAMA: Yanurizca Kusworo EMAIL: yuditakusworo@gmail.com BANK: BCA 0331859655 a/n Yanurizca Kusworo PADIPOKER.com Agent Judi Poker Situs Poker Online Teraman Dan Terpercaya Indonesia adalah pemimpin dunia dalam game online dan taruhan olahraga dengan lebih dari 450.000 klien di 100 negara di seluruh dunia. Perusahaan ini resmi didirikan di Swedia pada tahun 2006 dan saat ini berlisensi melalui Malta. Betsafe menawarkan beberapa produk dan layanan game yang berbeda, tetapi banyak pelanggan telah menyatakan bahwa Sportsbook nya adalah kepala di antara mereka. Perusahaan mengambil taruhan pada berbagai olahraga, dan taruhan individu dapat dibuat untuk sesedikit 10 sen. PADIPOKER.com …


Project Finance Y Las Alianzas Público Privadas, Francisco Carlos Ruiz Diaz Jul 2014

Project Finance Y Las Alianzas Público Privadas, Francisco Carlos Ruiz Diaz

Francisco Carlos Ruiz Diaz

Paraguay necesita reducir el déficit de infraestructura en los próximos años. Para ello es necesario una gran cantidad de recursos financieros, pero el Gobierno posee actualmente dos limitaciones importantes. Por un lado la Ley de Responsabilidad Fiscal (LRF) establece que el déficit no debe superar el 1,5% del PIB, restringiendo así la capacidad del Estado de financiar la inversión a través de préstamos. La segunda es que los recursos ordinarios del Tesoro son insuficientes para financiar la inversión, y el aumento significativo de estos solo será posible con una reforma tributaria. En este contexto aparece una tercera opción de financiamiento: …


Financial Performance Of Axis Bank And Kotak Mahindra Bank In The Post Reform Era: Analysis On Camel Model, Kishore Meghani Jul 2014

Financial Performance Of Axis Bank And Kotak Mahindra Bank In The Post Reform Era: Analysis On Camel Model, Kishore Meghani

kishore meghani

The objective of this study is to Analyze the Financial Position and Performance of the Axis and Kotak Mahindra Bank in India based on their financial characteristics. We have chosen the CAMEL model and t-test which measures the performance of bank from each of the important parameter like capital adequacy, asset quality, management efficiency, earning quality, liquidity and Sensitivity. The present study is conducted analyze the consistency of the profitability of the Axis and Kotak Mahindra bank’s. It is analyses that the ratio of credit deposit is maximum of Kotak Mahindra Bank Ltd and it shows efficient management of the …


Dynamics Of Derivatives Usage And Firm’S Value, Dr. Naveed Iqbal Chaudhry, Mian Saqib Mehmood, Asif Mehmood Jun 2014

Dynamics Of Derivatives Usage And Firm’S Value, Dr. Naveed Iqbal Chaudhry, Mian Saqib Mehmood, Asif Mehmood

Mian Saqib Mehmood

The corporate derivative usage has grown rapidly over the recent decade and firm’s increasingly using derivatives to hedge their risk in order to handle the volatility of interest rate and foreign exchange. The empirical research on the valuation effect of derivative on firm still remains debated. This study seeks to investigate the valuation effect of derivative usage on Pakistani non-financial firms listed in Karachi Stock Exchange. The empirical analysis was performed by using the data of 75 non-financial firms listed in Karachi Stock Exchange over the period 2007-2011. This study uses secondary data derived from financial statement of the selected …


Las Alianzas Público Privadas ¿Interés General Versus Interés Particular?, Francisco Carlos Ruiz Diaz May 2014

Las Alianzas Público Privadas ¿Interés General Versus Interés Particular?, Francisco Carlos Ruiz Diaz

Francisco Carlos Ruiz Diaz

La economía lleva 238 como ciencia, pero los economistas siguen sin ponerse de acuerdo respecto al rol del Estado en los asuntos económicos. Por un lado, los defensores del liberalismo económico sostienen que el rol del Estado en los asuntos económicos debe ser marginal. Por otra parte, los defensores del intervencionismo creen que el Estado debe ingresar al ruedo económico para velar por el interés general. Interés general versus individualismo ¿Una discusión sin posibilidad de acuerdo? En los años setenta surgió una poderosa herramienta que logró sintetizar el pensamiento liberal y el intervencionista: la Asociación Público-Privada (APP).


Betkita.Net, Yus Rizal Panjaitan Rizal Apr 2014

Betkita.Net, Yus Rizal Panjaitan Rizal

yus rizal panjaitan rizal

Betkita berkomitmen untuk memberikan pelayanan eksklusif kepada seluruh peminat betting online di Indonesia. Betkita menyediakan beraneka ragam jenis permainan taruhan bola, casino online, tangkas, dan juga togel online seperti SBOBET, IBCBET, SBOBET Casino, A9388, Bola Tangkas 2, sampai dengan Isin4D.


Commonality In Liquidity And Real Estate Securities, Anjeza Kadilli Apr 2014

Commonality In Liquidity And Real Estate Securities, Anjeza Kadilli

Anjeza Kadilli

We conduct an empirical investigation of the pricing and economic sources of commonality in liquidity in the U.S. REIT market. Taking advantage of the specific characteristics of REITs, we analyze three types of commonality in liquidity: within-asset commonality, cross-asset commonality (with the stock market), and commonality with the underlying property market. We find evidence that the three types of commonality in liquidity are priced in REIT returns but only during bad market conditions. We also find that using a linear approach, rather than a conditional, would have underestimated the role of commonality in liquidity risk. This explains (at least partly) …


A Study Of Malaysian Islamic Banks Competitiveness (Logit Regression Approach), Yagoub Elryah Dr. Mar 2014

A Study Of Malaysian Islamic Banks Competitiveness (Logit Regression Approach), Yagoub Elryah Dr.

Yagoub Elryah (PhD)

Banking sector plays an important role in Malaysia development. The specific objective of this study was therefore to what extent Islamic Banks increased competition in banking sector in Malaysia. With the aid of annually data from the BNM, the study covered the period 2002 to 2012. The present study used the Logit regression, the dependent variable was taken by means of dummy, which takes zero for typical and 1 with regard to Islamic banks. By utilizing SPSS, twenty six financial ratios associated with 14 banks were being thoroughly checked by means of enter, forward and backward options inside the search …


Business And Non-Profit Organizations Facing Increased Competition And Growing Customers’ Demands Vol. 13, Anna Ujwary-Gil Jan 2014

Business And Non-Profit Organizations Facing Increased Competition And Growing Customers’ Demands Vol. 13, Anna Ujwary-Gil

Anna Ujwary-Gil

We are happy to present the next volume of this regularly published scientific monograph. The 13th volume brings an analysis of current phenomena and processes taking place in business and non-profit organizations. It points at new conditions in which organizations are established and then function. It also provides an attempt at explaining what determines the way organizations function in a dynamic market. The book also analyzes strategies applied by the surveyed organizations in order to achieve and maintain competitive advantage in the world of increased competition and growing customers’ demands. The book is divided into the following thematic sections which …


Market Efficiency And The Problem Of Retail Flight, Alicia J. Davis Jan 2014

Market Efficiency And The Problem Of Retail Flight, Alicia J. Davis

Alicia Davis

In 1950, 91% of common stock in the U.S. was owned directly by individual investors. Today, that percentage stands at only 23%. The mass exodus of retail investors and their investment dollars has negative implications not only for capital formation and investor protection, but also for market efficiency. Individual investors are often assumed to be noise traders who distort stock prices and harm market functioning. Therefore, some argue that their withdrawal from the market should be of little concern; indeed, it should be celebrated. Recent empirical evidence calls this assertion of retail noise trading into doubt, and this paper, which …


Consolidating Student Loans, With A Review Of Student Loans In General, Richard H. Serlin Jan 2014

Consolidating Student Loans, With A Review Of Student Loans In General, Richard H. Serlin

Richard H. Serlin

This is a very complete, state of the art article on student loans, and smart student loan strategy for regular people. Thus, honestly, I think it's something very rare. A good way to quickly understand well this important subject.


Major Personal Finance Faq, Richard H. Serlin Jan 2014

Major Personal Finance Faq, Richard H. Serlin

Richard H. Serlin

A rare source of detailed, extensive, state of the art answers to some of the most important questions in personal finance.


Housing Vouchers And The Price Of Rental Housing, Michael D. Eriksen, Amanda Ross Jan 2014

Housing Vouchers And The Price Of Rental Housing, Michael D. Eriksen, Amanda Ross

Michael D Eriksen

We estimate the effect of increasing the supply of housing vouchers on rents using a panel of housing units in the American Housing Survey. We do not find that an increase in vouchers affected the overall price of rental housing, but do estimate differences in effects based on an individual unit’s rent before the voucher expansion. Our results are consistent with voucher recipients renting more expensive units after receiving the subsidy. We also find that the largest price increases were for units near the maximum allowable voucher rent in cities with an inelastic housing supply.


Types Of Governance, Financial Policy And The Financial Performance Of Micro-Family-Owned Businesses In Canada, Amarjit Gill, Alan B. Flaschner, Susan Mann, Leo Paul Dana Jan 2014

Types Of Governance, Financial Policy And The Financial Performance Of Micro-Family-Owned Businesses In Canada, Amarjit Gill, Alan B. Flaschner, Susan Mann, Leo Paul Dana

Leo- Paul Dana

The purpose of this study is to examine the impact of type of governance on financial policy and financial performance of micro-family-owned businesses in Canada. This study utilised survey research (a non-experimental field study design). Micro-family-business owners from Western Canada were asked about their beliefs, perceptions and feelings regarding type of governance, financial policy and financial performance. The findings of this study indicate that type of governance positively impacts financial policy. The results also show that both type of governance and financial policy positively impact the financial performance of the micro-family-owned businesses in Canada. This study contributes to the literature …


The Future Of Fannie And Freddie, Mark A. Calabria, Michael E. Levine, David J. Reiss, Lawrence J. White, Mark Willis Jan 2014

The Future Of Fannie And Freddie, Mark A. Calabria, Michael E. Levine, David J. Reiss, Lawrence J. White, Mark Willis

David J Reiss

This is a transcript of a panel discussion titled, “The Future of Fannie and Freddie.” The panelists were Dr. Mark Calabria from the Cato Institute; Professor David Reiss from Brooklyn Law School; Professor Lawrence White from NYU Stern School of Business; and Dr. Mark Willis from NYU’s Furman Center for Real Estate and Urban Policy. The panel was moderated by Professor Michael Levine from NYU School of Law. Panelists looked at economic policy and future prospects for Fannie and Freddie. The remarks have not been edited by the panelists.


Essays On Behavioral Decision Making, Martin Egozcue Dec 2013

Essays On Behavioral Decision Making, Martin Egozcue

Martin Egozcue

Ph.D. Thesis in Economics, Facultad de Ciencias Sociales, Universidad de la República del Uruguay


10 Razões Para Um Negócio Ter Sucesso, Ivan F. Rodriguez Dec 2013

10 Razões Para Um Negócio Ter Sucesso, Ivan F. Rodriguez

Ivan F Rodriguez

A experiência e habilidades dos gestores de topo. Mais de metade dos negócios fracassados estão diretamente relacionados à incompetência gerencial.


10 Reasons Business Succeed, Ivan F. Rodriguez Dec 2013

10 Reasons Business Succeed, Ivan F. Rodriguez

Ivan F Rodriguez

The experience and skills of the top managers. Over half of business failures are directly related to managerial incompetence.