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Articles 1 - 30 of 39
Full-Text Articles in Business
An Appraisal Of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (Forward Ijarah) From Fiqh Perspective, Abu Talib Mohammad Monawer, Akhtarzaite Abd Aziz
An Appraisal Of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (Forward Ijarah) From Fiqh Perspective, Abu Talib Mohammad Monawer, Akhtarzaite Abd Aziz
Abu Talib Mohammad Monawer
Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (Forward Ijarah) is a new form of transactions introduced to the Islamic banking industry which has original ground in the classical books of Islamic Jurisprudence. Most of the classical scholars discussed it with particularized ijarah in parallel without any separation of chapters or headings unlike al-Bahuti and al-Minhaji. The scholars of four schools of Islamic Law are unanimously agreed on the legality of forward ijarah albeit some contemporary scholars mention the early dispute in this regard and attribute prohibition of forward ijarah to Hanafi School. This attribution is not accurate as it is proved by their …
How You Estimate The Yield Curve Matters!, Luiz Paulo Fichtner, Pedro Santa-Clara
How You Estimate The Yield Curve Matters!, Luiz Paulo Fichtner, Pedro Santa-Clara
Luiz Paulo Fichtner
We evaluate a two-factor Cox et al. (1985a,b) model using Euribor zero-coupon yields. We estimate this model using a state-space framework, where we sum a log-likelihood function of the state vector dynamics to a log-likelihood function of cross-section pricing errors. We introduce a likelihood-scaling weight in the joint log-likelihood function and show that there is a tradeoff in how one estimates a yield curve. Giving more weight to the cross-section of pricing errors improves the fitting and forecasting of Euribor yields, while giving more weight to the log-likelihood function of the state vector dynamics improves interest rate derivative pricing at …
Out-Of-Sample Predictability Of Bond Returns, Luiz Paulo Fichtner, Pedro Santa-Clara
Out-Of-Sample Predictability Of Bond Returns, Luiz Paulo Fichtner, Pedro Santa-Clara
Luiz Paulo Fichtner
We test the out-of-sample predictive power for one-year bond excess returns for a vari- ety of models that have been proposed in the literature. We find that these models perform well in sample, but have worse out-of-sample performance than the historical sample mean. We write the one-year excess return on a n-maturity bond at time t + 1 as the difference between n times the n-maturity bond yield at time t, and the sum of n − 1 times the (n − 1)-maturity bond yield at time t + 1 and the one-year bond yield at time t. Instead of …
The Effect Of Inflation, Interest Rates And Exchange Rates On Stock Prices Comparative Study Among Two Gcc Countries, Mahfoudh Hussein Mgammal
The Effect Of Inflation, Interest Rates And Exchange Rates On Stock Prices Comparative Study Among Two Gcc Countries, Mahfoudh Hussein Mgammal
Mahfoudh Hussein Mgammal
The main purpose of this paper is to investigate whether stock prices and exchange rates are related to each other or not. Both the short term and the long term association between these variables are discovered. The study applies monthly and quarterly data on two gulf countries, including Kingdom Saudi Arabia (KSA) and United Arab Emirate (UAE) for the period January 2008 to December 2009. The results of this study in the short term found that the exchange rate influence positively on the stock market price index for United Arab Emirate and there is no association between them for Kingdom …
Reserve Currency And A Lender Of Next-To-Last Resort: A Literature Review, Alida S. Skold
Reserve Currency And A Lender Of Next-To-Last Resort: A Literature Review, Alida S. Skold
Alida S. Skold
The role of the US dollar as the global dominant reserve currency is eroding. Debate is ongoing regarding next steps. Moving the international monetary system to a single global currency is part of the debate. Literature reviews the eroding role of the US dollar and implications the erosion carries for the US. The Special Drawing Rights developed by the IMF could fill the role of Keynes’ recommended global currency known as the “bancor.” Regardless of the nature of the global reserve currency, access to liquidity is required to have an effective international monetary system. Literature defines a missing layer of …
The Disciplining Effect Of Concern For Referrals: Evidence From Real Estate Agents, Lan Shi, Christina Tapia
The Disciplining Effect Of Concern For Referrals: Evidence From Real Estate Agents, Lan Shi, Christina Tapia
Lan Shi
No abstract provided.
Standing Order Operations In The Banking Industry, George E. Ekeha
Standing Order Operations In The Banking Industry, George E. Ekeha
George E Ekeha
Standing order operations by the bank is a system by which customers instruct the bank to make systematic payments on behalf of the customer to a third party. This arrangement must be control and managed by the customer. The customer must have the sole right to cancel this arrangement from his bank at any time he wishes. Unfortunately however, this is not the situation with some banks in Ghana. In this article we outline an experience of a customer of Ecobank regarding the operation of standing order.
Mortgage Securitization 666: The Crime That Took Place - Jpmorgan Chase And Its Wamu Customers, Symphony Music
Mortgage Securitization 666: The Crime That Took Place - Jpmorgan Chase And Its Wamu Customers, Symphony Music
Symphony Music
This description of the crime that Chase participates in as it proceeds with its foreclosure activities is necessary because the banking industry is misleading the judicial system about important financial aspects of today’s home loan mortgages. This is an initial attempt to describe the crime, including references to La Cosa Nostra and the crime families.
Stock Market Prices Follow The Random Walks: Evidence From The Efficiency Of Karachi Stock Exchange, Mian Saqib Mehmood, Asif Mehmood, Bahaudin G. Mujtaba
Stock Market Prices Follow The Random Walks: Evidence From The Efficiency Of Karachi Stock Exchange, Mian Saqib Mehmood, Asif Mehmood, Bahaudin G. Mujtaba
Mian Saqib Mehmood
This study describes the behavior of the Karachi Stock Exchange (KSE) regarding the movement of share prices of the companies listed at KSE-100 Index as well as how the share price at KSE follows Random Walk. Moreover, this study pinpoints that the prices of the securities are co-integrated and cannot always be predicted. However, the historical data of KSE-100 Index from January 2, 2001 to November 15, 2011 was collected which contains 2672 observations of the closing share price index of the top 100 companies listed with KSE. Simple unit root – Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) – tests …
Fraud Prevention In Nigeria: Applying The Forensic Accounting Tool, Professor Ben C Osisioma
Fraud Prevention In Nigeria: Applying The Forensic Accounting Tool, Professor Ben C Osisioma
Prof Ben Chuka Osisioma
The spate of global scandals and corporate misadventures that began with the energy giant, Enron in the years 2000 to 2002, the Asian Financial Crisis of 1997/98, and the global Financial Meltdown of 2008, rocked the accountancy profession and sharply drew attention to the need for the profession to re-invent itself and re-define its focus in the new millennium. Accounting practitioners world-wide, have tested the limits of creative accounting, and the verdict of the marketplace is that the era of sharp and unwholesome practices are over for good. Part of the professional response to challenge of this era, is the …
Slideshow: Bank Monopoly Power In The Usa, Symphony Music
Slideshow: Bank Monopoly Power In The Usa, Symphony Music
Symphony Music
Slideshow about US bank monopoly power. A distilled history of banking evolution to what it is today and the shift away from the Public Trust. Includes the bank's tactical response strategy.
Slideshow: Participants In A Securitization, Symphony Music
Slideshow: Participants In A Securitization, Symphony Music
Symphony Music
Presentation outlining the roles of Securitization participants and the banking "front" that undermines regulations and creates the fraud.
Mortgage Securitization 550: Ultimate Insider Appendix - Research For Future Tongue-In-Cheek Mortgage & Disclosure Issues, Symphony Music
Mortgage Securitization 550: Ultimate Insider Appendix - Research For Future Tongue-In-Cheek Mortgage & Disclosure Issues, Symphony Music
Symphony Music
Tongue in Cheek disclosure of bank actual statements
Mortgage Securitization 426 Working Paper: Is It An Insurance Product?, Symphony Music
Mortgage Securitization 426 Working Paper: Is It An Insurance Product?, Symphony Music
Symphony Music
This discussion highlights informed interaction between two knowledgeable parties about whether the residential mortgage asset backed securitization process involves the creation of an insurance product. Although an initial conclusion reached by an Insurance Examiner that it is not “insurance,” that same Examiner opened the door that it could be viewed as “insurance.” If it is determined that insurance is involved, the obligation to collect taxes falls onto the Connecticut State Department of Revenue Services, the requirement to collect balance sheets falls onto the Insurance Department, and the decision to prosecute originators for perpetuating a fraud on bank loan consumers falls …
Slideshow: Case Study- Jpmorgan Chase & Washington Mutual, Symphony Music, Melody Singer
Slideshow: Case Study- Jpmorgan Chase & Washington Mutual, Symphony Music, Melody Singer
Symphony Music
Slideshow of how Chase took advantage of its actions to take property from American Homeowners.
Mortgage Securitization 550: The Ultimate Insider Game - Observations About What Happened - A Time Line Of Actions And Speculation About Motivation., Symphony Music
Symphony Music
This is the story of Chase1, the venerable old line bank, and how it used its dominant market influence in the decade leading up to 2012 to originate and acquire mortgage loans, how it forced individual homeowners to pay high rates, and how it ultimately began to steal the home equity away from hard-working homeowners and their families. It is also the story about how the largest US banks combined their anti-competitive behavior and took from residents in all States. As illustrated by the chain of events described below for a situation in Connecticut, Chase's attitude and actions never reflect …
Slideshow: Where Is A Default In A Securitization?, Symphony Music
Slideshow: Where Is A Default In A Securitization?, Symphony Music
Symphony Music
There is no "default" in a securitized mortgage loan. The loan is paid off ab initio and the existence of the note is fabricated from paid off balances for the convenience of the originators who didn't think through the foreclosure process.
Individual Investors Perception Of Dividends: Pakistan's Perspective, Muhammad Naeem Akhtar
Individual Investors Perception Of Dividends: Pakistan's Perspective, Muhammad Naeem Akhtar
Muhammad Naeem Akhtar
This research paper argue that there exists a strong preference for dividends among investors. The main purpose is to find the factors that lead individual investors to reveal their preference for either cash or stock dividends. The most important dividend theories are employed to test the behavior of Pakistani individual investors towards dividends. The results reveal strong evidence that individual investors in Pakistan want dividends either in the form of cash or stocks. They also have a strong preference for dividend even if a company has to pay it by borrowing.
Long Run Relationship Between Poverty And Macro-Economic Variables In Pakistan, Muhammad Naeem Akhtar
Long Run Relationship Between Poverty And Macro-Economic Variables In Pakistan, Muhammad Naeem Akhtar
Muhammad Naeem Akhtar
This research study examines the long run relationship between poverty and economic indicators in Pakistan. Data from 1972 to 2010 is used to analyze the relationship between various economic variables and poverty. The economic indicators include; consumer price index, literacy rate and population growth. Head count rate is used to measure poverty. The statistical techniques used include unit root Augmented Dickey Fuller test (for checking the stationary data) & Johansen’s co-integration test for long run relationship. The study found co-integration between all the economic factors and poverty, which means that economic performance indicators are pertinent predictors of poverty. This can …
La Transparencia En La Protección De Datos Personales, Bruno L. Costantini García
La Transparencia En La Protección De Datos Personales, Bruno L. Costantini García
Bruno L. Costantini García
La Transparencia en la Protección de Datos Personales, ponencia elaborada dentro de los trabajos del VII Congreso Nacional de Organismos Públicos Autónomos (OPAM)
Slideshow: Financial System Failure!, Symphony Music
Slideshow: Financial System Failure!, Symphony Music
Symphony Music
The unintended result of Federal Reserve Bank and Commercial Bank policy mixed in with the good intentions of securitized assets ended up: 1) stealing from all consumers, and; 2) economically disrupting every level of society.
Mortgage Securitization 420: Town Hall Complicity In Bank Fraud? The Contributory Role Of Local Land Registration Offices And A Solution., Symphony Music
Mortgage Securitization 420: Town Hall Complicity In Bank Fraud? The Contributory Role Of Local Land Registration Offices And A Solution., Symphony Music
Symphony Music
The process of residential mortgaged backed securitization has made many Local residents pay much more in relative interest costs than has ever been the case in the past 20 years. This article describes the involvement of the local recorder of deeds in extending the fraud against consumers.
A Comparison Of Anti-Manipulation Rules In U.S. And Eu Electricity And Natural Gas Markets: A Proposal For A Common Standard, Shaun D. Ledgerwood, Dan Harris
A Comparison Of Anti-Manipulation Rules In U.S. And Eu Electricity And Natural Gas Markets: A Proposal For A Common Standard, Shaun D. Ledgerwood, Dan Harris
Shaun D. Ledgerwood
In this paper, we describe the development and current status of anti-manipulation rules as they apply to wholesale electricity and natural gas markets in the United States and the European Union, including the institutions that are responsible for overseeing these rules. We then compare and contrast these jurisdictions to discuss similarities, differences, and potential gaps in coverage within and across their internal markets. We note that while the behavior prohibited by the U.S. and EU statutes is remarkably similar, there is in fact no common standard for defining market manipulation. The absence of a common EU/U.S. framework for examining manipulative …
The Alternative Forms Of Dispute Settlement And The Essential Difference Between These And Arbitration, Michael Diathesopoulos
The Alternative Forms Of Dispute Settlement And The Essential Difference Between These And Arbitration, Michael Diathesopoulos
Michael Diathesopoulos
The paper examines the characteristics of some common alternative forms of dispute settlement and their key differences from arbitration regarding their nature and scope. Its purpose is to explore each mechanism's suitability for specific types of disputes.
Mortgage Securitization 401: Household, Bank, And Investor Exposure Surrounding Disputes., Symphony Music
Mortgage Securitization 401: Household, Bank, And Investor Exposure Surrounding Disputes., Symphony Music
Symphony Music
(This material was prepared by a mortgage securitization geek but simplified to make it straightforward for smart people to understand. This material should be exciting for those who want to discover why the financial banking system no longer works. Mortgage securitization is about nuance. To understand what drives the actions of banks, and sometimes why regulators are missing the picture, many finer nuances of mortgage securitization must be understood. This Memorandum is an attempt to identify common structural realities and the implication for business associated with those realities)
Reit White Paper, Frederic Juillet
Reit White Paper, Frederic Juillet
Frederic Juillet
Subject: Resulting from the recent financial crisis, this white paper discusses how to better defend shareholders’ investments in Real Estate Investment Trusts (REITs) for the long-term and how to reduce volatility in the REITs market.
Aspectos Generales Dela Publicidad En México. "La Publicidad De Productos, Servicios, Y Actividades Reguladas Por La Ley General De Salud", Bruno L. Costantini García
Aspectos Generales Dela Publicidad En México. "La Publicidad De Productos, Servicios, Y Actividades Reguladas Por La Ley General De Salud", Bruno L. Costantini García
Bruno L. Costantini García
Introducción a las generalidades de la regulación en materia de publicidad de insumos para el consumo humano (salud) en México.
Mythbuster. Explorando El Comercio Exterior Paraguayo, Francisco Carlos Ruiz Diaz
Mythbuster. Explorando El Comercio Exterior Paraguayo, Francisco Carlos Ruiz Diaz
Francisco Carlos Ruiz Diaz
En el ámbito del comercio exterior del Paraguay abundan mitos, leyendas y creencias populares. Algunos de ellos tienen la peculiaridad de que a pesar de su inverosimilitud, siguen teniendo fuerza en las discusiones entre especialistas. En el presente documento se presentan cinco de los principales mitos acerca del comercio exterior paraguayo, y son analizados conforme a la metodología desarrollada por los Cazadores de Mitos (MythBusters).
Innovation And Csr Impact On Financial Performance Of Selected Companies In Mexico, Rocío Durán-Vázquez, Arturo Lorenzo-Valdés, Einar G. Moreno-Quezada
Innovation And Csr Impact On Financial Performance Of Selected Companies In Mexico, Rocío Durán-Vázquez, Arturo Lorenzo-Valdés, Einar G. Moreno-Quezada
Journal of Entrepreneurship, Management and Innovation JEMI
This study analyzes the behavior of the companies in the index of México’s Precios y Cotizaciones (IPC), with respect to measures of financial performance and its relationship with the two main approaches of innovation, according to the Bogota and Oslo manuals; assessing their impact on the stock price. The data is used on a quarterly basis from January 2000 to December 2011. It also makes reference to the impact of having the distinction “Socially Responsible Company” (Corporate Social Responsibility), in the Mexican stock market price reaction. Our main interest is to be pioneers in the search for relationships between topics …
Ownership Structure, Firm Value And Investment Opportunities Set: Evidence From Mexican Firms, Juan M. San Martín-Reyna, Jorge A. Durán-Encalada
Ownership Structure, Firm Value And Investment Opportunities Set: Evidence From Mexican Firms, Juan M. San Martín-Reyna, Jorge A. Durán-Encalada
Journal of Entrepreneurship, Management and Innovation JEMI
This paper analyses the influence of ownership, board of directors, and financial leverage on companies’ performance when these either face, or do not face, profitable growth opportunities. Towards that end we examined a sample of 83 listed Mexican firms during the period 2005-2011. The results confirm the relevance of debt and board of directors in terms of firm market value by showing a negative relationship between performance and both, board of directors and leverage, in the presence of growth opportunities. In contrast, the relationship between debt and performance becomes positive when firms have no profitable investment projects. The results also …