FINANCE & ECONOMICS Efficiency and Risk-taking in Pre-crisis Investment Banks Nemanja Radić, Franco Fiordelisi, Claudia Girardone Working Paper Series No 08/11 Efficiency and risk-taking in pre-crisis investment banks Nemanja Radić1, Franco Fiordelisi2, Claudia Girardone3 Abstract Investment banks’ core functions expose them to a wide array of risks. This paper analyses cost and profit efficiency for a sample of investment banks for the G7 countries (Canada, France, Germany, Italy,
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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY BACHELOR OF SCIENCE IN ACCOUNTANCY Research Topic: “Errors in Preparing Financial Plan in Investment firm” BACKGROUND Introduction It is vitally important for the investment firm to set up a financial plan in order not to experience hardships and financial difficulties in the future of their beneficiaries. Financial plan assure financial stability and financial freedom that an investors
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Name: Instructor: Subject: Date: Corporate valuation: Archer-Daniels-Midland Company ADM (Archer-Daniels-Midland) company is one of the world’s largest food processing firms operating over 270 plants worldwide and operating in over 75 countries. Headquartered in Decatur, Illinois, the company is listed on the New York stock exchange main board and is a part of the S&P 500 index. The company is one of the most admired in the US and internationally being named the world’s most admired food production
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possible loss, and making wise investment decisions. Evidence supporting the use of smart beta Various firms are incorporating smart beta strategies in the investment of capitalization of assets, and stock. Holton (2002) contrast this move by arguing that capital investment in stocks should be keenly evaluated with the possible risks to help determine a smart alpha investment strategy. According to him, a well performing firm uses smart alpha as its investment strategy, bearing in mind its
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globalization process has largely reflected market forces, specifically, the exploitation by large and smaller businesses in the world of benefits from trade in commodities, goods, services, capital, and even labor, and of opportunities for new investments and markets. The process of global economic integration was perpetrated at the behest of World War II, when the leaders of Britain and the US helped establishing the World Bank and International Monetary Fund in 1944 to promote a liberal,
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and indirect fees including commissions on the total assets under management (“AUM”) of $847 bn . The group offers a full range of financial products comprising U.S., non-U.S. and global mutual funds/investment management, across cash management, equity, fixed income segments as well as alternative asset classes, such as private equity and real estate. It has a worldwide client base of institutional and retail clients, including governments, corporations, endowments, foundations and individuals
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8 4 Accounting Issues in Mudarabah Contract 9 4.1 Profit Distribution 9 4.2 Reporting and Presentation 12 4.3 Agency Problem 13 5 Conclusion 14 6 Bibliography 16 Introduction Islamic banking and finance (IBF) emerged as an alternative from conventional banking and finance. IBF are different from conventional banking and finance as their objectives, operations, principles and practices must compliance with Islamic ethics and Islamic law (Shari’ah). Among other things, Shari’ah
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Capital involves man made equipment that is used to make other goods such as machines and factories. Note Capital accumulation will need to exceed the amount of capital necessary to overcome depreciation. i.e. some capital wears out, so capital investment is necessary to overcome this. Capital accumulation involves additional purchases of capital. Definition of 'Economic Growth' An increase in the capacity of an economy to produce goods and services, compared from one period of time to another
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reside here. Financial investors will compete among themselves for the chance to secure an opportunity that meets their investment criteria. Financial investors may take a minority equity interest or a majority stake in an investee company, and some financial investors specialize in certain industry sectors. Most financial investors publicize their areas of interest and general investment criteria on their websites. There a three main parties involved in an MBO: the owner of the company who is seeking
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