The systematic risk indicates how including a particular asset in a diversified portfolio will contribute to the riskiness of the portfolio. Unsystematic risk, which is firm-specific or diversifiable risk, is the portion of an asset's total risk that can be eliminated by including the security as part of a diversifiable portfolio (Mathis, CAPM, par
The systematic risk indicates how including a particular asset in a diversified portfolio will contribute to the riskiness of the portfolio. Unsystematic risk, which is firm-specific or diversifiable risk, is the portion of an asset's total risk that can be eliminated by including the security as part of a diversifiable portfolio (Mathis, CAPM, par
This is common in the Arab states, but Dubai has sought to become more open and encourage foreign direct investment in a number of sectors, tourism being one of them. Part of the economic strategy is that Dubai will sell bonds to foreign investors through its state-owned enterprises, which in turn will use that money on development projects There is even talk that Dubai will begin to loosen foreign ownership rules, allowing for a massive influx of FDI outside of state control (Arnold, 2012)
On one hand, this seems conservative given the $60+ billion that was originally slated for the ill-fated Dubailand, as though a $60 billion theme park was going to be even remotely profitable. The aforementioned Shanghai Expo in 2010 checked in at $45 billion (Branigan, 2010), and while Expo 2020 is not expected to go near that level, it does provide an indication that a high-level Expo is probably going to cost more than $6
Credit ratings on Dubai's debt and that of its state-owned enterprises varies. Banks and real estate tend to have investment grade ratings, but not all enterprises do (Menon, 2014)
Dubai is not a petro-economy; its revenue streams are in services and are more diverse. This means, however, that Dubai does not necessarily have the sort of capital required to pay for the fair, in light of its recent default (Saidi, 2014)
This will make it the largest such project in the history of Dubai, and in size the Expo will in all likelihood eclipse the Qatar World Cup as the largest event in the history of the Middle East. Linked to the overall strategy to make Dubai a world-class destination, the World Expo 2020 is going to be part of a larger tourism centerpiece that is expected to propel that sector to become one of the largest revenue-earners for the emirate, and attract new visitors from all over the world who would otherwise not visit Dubai (Serkal, 2014)
This is a tricky endeavor, given the fact that no concrete budget has been set out for the Dubai World's Fair -- the best figure announced by the government is $6.8 billion (Sleiman & French, 2014), but there are analyst figures available that outline the likely financial implications of the fair
It is only 25% of total UAE output (Reuters, 2014), which puts it around $67 billion, which is around the same level as Lithuania, a middle-income country with 50% more people. The IMF has a different number, listing the country's debt as 102% of GDP, at $142 billion (Torchia, 2013)
Day traders will, too -- EMH depends on fairly valuing the present value of future cash flows and day traders have no interest in sticking around for said cash flows. Either way, one of the things that happens with program trading in particular and with institutional trading in general is that market movements become amplified -- securities increase in volatility because of the high volumes inherent in programmed institutional trading (Sias, 1996)
Relationship between Risk and Return in Bonds and Stocks The historical relationship between risk and return on, stocks vs. corporate bonds reflects the degree of security that is associated with the bonds, which is perceived as lowering the risk (Friedman, 1982)
Furthermore, the issuance of shares dilutes ownership, and therefore the rights and potential returns of the existing owners. One consideration may be the costs associated with both debt and equity, but according to equity arbitrary, it maybe argued that the risk premium associated with the company should be based on the company's activities, and therefore the cost difference between debt and equity should be minimal (Miller, 1988)
Another consideration is the short-term condition of the South Korean economy. The country is facing long-run expansionary conditions, since 1997, but the current state is characterized as "fragile recovery," to the point where further stimulus, either through monetary or fiscal policy may be required (Kim, 2014)
The rate is set by the central bank, which sets a bound in which the yuan can trade. This is roughly based on the USD, but the problem is that the lack of free float means that many observers believe not only is China manipulating the value of its currency but that such manipulations are unsustainable (Palmer, 2012)
The P/E ratio of Morrison's is 10.7, the industry average is higher at 14.5 (MSN Money, 2012)
The share price has been volatile, increasing and decreasing, over the last 52 weeks the high has been 340.00 and the low has been 261.00 (Yahoo Finance, 2012)
Next, it is also important to note that the volatility of equity markets has been rather extreme in the recent past. This year, there are many who expect the said volatility to continue (Connolly, 2014)
By diversifying, investors could succeed in further increasing their sources of returns in an investment environment such as the one we are in. A manager could also make use of other approaches such as absolute return strategies and sector strategies (Gold, 2011)
The relevance of good decision making skills in this case cannot also be overstated. This is more so the case given that individuals in managerial positions are required to be good decision makers (Griffin, 2010)
This fact is most eminently reflected in the global capital budgeting section of the article in which he chronicles companies' capital mishaps, yet devotes precious little attention to more profitable approaches. Or rather, he simply alludes to more advantageous measures, cautioning against "adopting a narrow financial approach" that results in "an outcome directly at odds with the company's strategic investment" (Desai, p