... of investment company operations, and remained so in 2007, employing nearly one-third of the workers in the fund industry (Figure 1.11). As theindustry has grown from its early roots, other ... toward institutional investors attracted $525 billion in new cash during 2008. Increased economic uncertainty during the year and ongoing turmoil inthe money markets encouraged these investors ... attributable to increasing investor interest in lifestyle and lifecycle funds. The growing popularity of these funds, especially for retirement investing, likely refl ects the automatic rebalancing features...
... dominated fund investing following the passage of the Investment Company Act of 1940. But successive bear markets in stocks inthe 1970s along with rising interest rates drew investors into ... the annual update of the Fact Book gives us an opportunity to present a broad overview of the investment landscape by recording in a single volume some of the insights from these meetings and ... funds. In 2009, we dedicated a separate chapter to ETFs, reflecting both their rapid asset growth and their increasing diversity as they expand to include actively managed funds and funds investing...
... and finance since controlling the risk-taking in banking relates directly to the protection both of depositors andthe financial system as a whole. Moreover, there is a clear conflict inside ... (1995) or Anderson and Fraser (2000) analyse the link between managerial ownership and risk-taking. Demsetz and Strahan (1997) analyse the link between size and bank risk. Risk taking inthe Spanish ... the results of the estimation andthe tests of the hypotheses. Section 6 contains the main conclusions. 2. Theoretical Background and Hypotheses 2.1. The moral hazard problem and owner-manager...
... (retail chains) including: training, pricing, pecuniary and quality supervision, network control, inventory and accounting controls, advertising, local marketing and sales promotion and other network ... remains to be seen.It is the work of theoreticians of finance. Alas, they are consumed by mutual rubbishing and dogmatic thinking. The few that wander out of the ivory tower and actually bother ... contracted by the firm, including accountants, auditors, financial consultants, underwriters and brokers, the banking system and other financial venues.8. To maintain a working relationship and to...
... one point, the contagion threatened the stability of the entire banking system. The Federal Savings and Loans Insurance Corporation (FSLIC) - which insured the deposits inthe savings and loans ... displaying an inordinate desire to get rich quickly with a minimum of They are bound to do so again. Inthe long run, the rise in house prices cannot exceed the increase in disposable income. The ... maintained. Venture capital and risk capital funds, for instance, are purely financial investors. So are, to a growing extent, investment banks and other financial institutions. The financial...
... and increasedincome inequality since the 1970s, because they entered the labor market when wage inequality wasmore pronounced. These inequalities will continue into their old age, raising the ... robots performing personal care functions, may enhance the ability of elders withdisabilities to remain independent in their own homes. The growth of the assisted living industryinthe 1990s is ... discussion:• The aging of the U.S. population and, in particular, the growth inthe proportion of people aged85 and over, will place increasing demands on our fragmented long-term care system. The extentto...
... you are paying the $260 a night that makes the Sheraton in Sofia probably the most expensive hotel of its kind inthe world. Behind their desk in the elegant marble hall with its distinctive Western ... takeovers and downsizing; the relativity of quality across cultures; the business of quality; the quality profession and its role in promoting various fads including international standards, ... oped their own set of interpretive guidelines to supposedly assist their auditors in determining whether or not an organization has adequately addressed the intent of the standards. In many...
... engineered insulin. The CDA said they had asked Eli Lilly, and a competitor that had also discontinued animal insulin, to keep the animal insulin on the market. When the drug companies said their ... safety. In the early 1990s, due to government cutbacks in Canada and restrictions inthe US, the HPFB andthe Food and Drug Administration (FDA) instituted user fees payable by industry. In return, ... “disease awareness” and advocacy. Understanding theindustry s goals andthe infrastructure used to achieve these goals helps bring the ethical issues into clearer focus and, in turn, suggests...
... methods described in the thesis.It is interesting to develop models and algorithms according to the nature of the data, instead of trying to adjust the data to the nature of the model. In an attempt ... found in X and Y simultaneously and such that the scores inthe X and Y spaces have maximal covariance. Since the covariance is the product of the correlation between the scores and the variance ... contains the first D left singular vectors, V the first D rightsingular vectors, and S is a diagonal matrix holding the first D singularvalues in its diagonal. The algorithms for fitting the...
... to 21.4%. The largest increases in operating costs occurred after the two oil shocks inthe 1970s. Operating costs increased 15% and 30% in 1972 and 1973 and 16% in 1979 and again in 1980.14 ... cost function for the industry. The estimated model fits the data well and all sample points satisfy monotonicity and concavity conditions at all points. Among the findings, the industry operates ... price inelastic inthe early part of the sample, during the oil price shocks of the 1970s, there was a dramatic and permanent increase, in absolute value, inthe own price elasticity of demand,...
... capital investment in mining and mining MFP. • Accounting for the lag between capital investment and output in mining explains a considerable amount of the year to year variability in mining MFP. ... capacity inthe mining industry (whether inthe form of new mines or mine expansions) andthe corresponding production. This chapter examines the nature and extent of the relationship between investment ... Sub-sectors within the mining industry Longer-term trendsin productivity growth among the individual sub-sectors that make up the mining industry are largely consistent with movements inthe industry...
... permanent interchange of ideas between academic and industrial engi-neers and whether the ideas expressed influence research inthe coming years. xii In Phase Equilibria and Fluid Properties inthe ... encountered in industrial practice. The goal for the future is to reduce these problems from nightmare to headache proportions in industrial applications, though they may continue to remain an ... FOREWORD The ACS SYMPOSIUM SERIES was founded in 1974 to provide a medium for publishing symposia quickly in book form. The format of the SERIES parallels that of the continuing ADVANCES IN ...