Corporate investment affects stock liquidity in the Viet Nam stock market, the distinction between different measures of corporate investment and liquidity, financial comprehension with reference to the variables of stock liquidity, association of corporate investment on stock liquidity
On the basis of clarifying the general theoretical issues about market risk, methods of identifying, measuring and controlling market risk, the system of market risk management softwares at commercial banks; analyzing and evaluating the status quo of the market risk management in Vietnam Joint Stock[r]
12.16 The correct discount rate for the project is the weighted average cost of capital. Since the debt-to- equity ratio is equal to one, the debt-to-value and equity-to-value ratios will be equal to 0.5. Remember that interest on de[r]
1. Introduction In Vietnam, the stock market plays an important role in mobilizing and allocating a large amount of capital to achieve the goal of industrialization and modernization: a sustainable development economy, a[r]
But suppose that in each case you measure the interest rate in real terms. Then you are comparing like with like, and it does make sense to ask whether the costs of overseas investment can cause the real cost of capital to be lower in Japan.[r]
BUT: •THERE MAY BE MORE THAN ONE VALUE FOR THE IRR THAT SATISFIES THE NPV EQUATION; IF THE SIGN OF CASH FLOWS CHANGES MORE THAN ONCE IN THE LIFE OF THE PROJECT, THERE MAY BE MULTIPLE SOL[r]
Chapter 8 provides knowledge of stocks, stock valuation, and stock market equilibrium. This chapter presents the following content: Features of common stock, determining common stock values, efficient markets, preferred stock.
Learning objectives of this chapter include: Know how to determine a firm’s cost of equity capital, know how to determine a firm’s cost of debt, know how to determine a firm’s overall cost of capital, understand pitfalls of overall cost of capital and how to manage them, understand the impact of an[r]
Learning objectives of this chapter include: Know how to determine a firm’s cost of equity capital, know how to determine a firm’s cost of debt, know how to determine a firm’s overall cost of capital, understand pitfalls of overall cost of capital and how to manage them, understand the impact of an[r]
5.4 TEST OF ROBUSTNESS Since Kryzanowski, Lazrak and Rakita 2006 find that income trusts as equities exhibit more bond- than stock-like stock market risk sensitivities, the market- and r[r]
On the other hand, the economic authorities can ‘intervene’ the banks, as they did, for example, in Chile in 1983. While this can avoid wholesale acceptance of the banks’ liabil- ities on the part of the authorities, at the same time it[r]
having reported the first quarterly deficit in its history. We see in this history how wide can be the vicissitudes of a major American enterprise in little more than a single generation, and also with what miscalculations and excesses of optimism and pess[r]
was created in 1971. This was the first electronic stock exchange; it was hooked together by a network of computers. (Yes, they did have com- puters back then.) Competition is good for the stock market. It forces the stock exchang[r]
This paper highlights the role of venture capital funds for technology innovation activities as well as the necessary conditions for establishing these funds in Vietnam, such as a perfect market economy, willing venture investors, availability of stock market institutions, etc. On this basis, the pa[r]
Lecture 11 - Return, risk, and the security market line. The following will be discussed in this chapter: Expected returns and variances; portfolios; announcements, surprises, and expected returns; risk: systematic and unsystematic; diversification and portfolio risk; systematic risk and beta; the s[r]
The paper examines the relationship between weather and stock market returns in the Argentina’s stock market using daily data from 2001 to 2014 and regression models. The data consists of stock market returns, temperature, humidity and wind.