Ethical standards to be used by investment managers for creating performance presentations that ensure fair representation and full disclosure of investment performance results. Global Investment Professional Standards were created by the Chartered Financial Analyst Institute and governed by the GIPS Executive Committee. They are standardized guidelines for reporting the ability of an investment firm to make profits for investors. |||The GIPS is put out by the Chartered Financial Analyst Institute (CFA Institute), formerly known as the Association for Investment Management and Research (AIMR). These principals were designed so potential investors could compare investment firms around the world. The standards were originally introduced in 1999 but have been developed since 1980.
A defensive strategy by which the target company engages in an activity that might actually ruin the company rather than prevent the hostile takeover. Also known as a "suicide pill." The term refers to the 1978 Jonestown massacre, where a religious cult (the People's Temple) led by Jim Jones committed mass suicide in Guyana.
A statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. For fixed-income securities, the benchmark is the T-bill. For equities, the benchmark is the S&P 500. R-squared values range from 0 to 100. An R-squared of 100 means that all movements of a security are completely explained by movements in the index. A high R-squared (between 85 and 100) indicates the fund's performance patterns have been in line with the index. A fund with a low R-squared (70 or less) doesn't act much like the index.A higher R-squared value will indicate a more useful beta figure. For example, if a fund has an R-squared value of close to 100 but has a beta below 1, it is most likely offering higher risk-adjusted returns. A low R-squared means you should ignore the beta.
The option with the longer time to expiration in a calendar option spread, which involves buying or selling options with different expirations. In such a spread, the shorter-dated option will be the near option. Because far options have more time to attain an in-the-money status, they are associated with larger premiums. For example, a calendar spread strategy may involve selling May calls and buying October calls on the same stock. In this case, assuming it is April, the October calls would be the far options and the May calls would be the near options.
什么是贷时审查 贷时审查是指审查人员对调查人员提供的资料进行核实、评定，复测贷款风险度，提出审核意见，按规定履行审批手续。 目录 1贷时审查的内容 2相关条目 贷时审查的内容 贷时审查的基本内容是多方面的。重点有：审批前提是否成立；信贷审批要求、法律意见是否落实；各项信贷文件、资料、手续是否齐全；有关业务合同协议是否全面、正确签订，是否合法有效；各资料、文件或合同之间逻辑关系是否一致、正确，表面是否真实；业务背景是否真实、合理；信贷用途是否符合要求；信贷额度、期限是否在有效范围；信贷押品是否入账(保证金)、入库或监管(抵押物、其他质物)；信用状况、主体与业务资格、财务状况、人事和法律状况是否有重大变化；操作程序是否正确，各级审批是否越权等。 应当指出，这种“执行”不是机械式的，存在着某种变通，但并不构成对审批意见的修改。 其一，根据落实的具体情况、程度以及其它制约因素，在不突破审批总限制的前提下，做出实际放款的决定。 其二，对多维审批意图的实现方式做出有区别的处理和安排。如对双方有约束力的内容、企业承诺等，一般需要在信贷合同中依法进行全面、正确约定；对于合作交易对手的限制性要求，如特定对象、合作期限等，需审查相关的历史凭证、文件、记录；有关收费管理则审核提交的相关收费凭证等。 相关条目 贷前调查 贷后检查
The risk, faced by companies involved in international trade, that currency exchange rates will change after the companies have already entered into financial obligations. Such exposure to fluctuating exchange rates can lead to major losses for firms. |||Often, when a company identifies such exposure to changing exchange rates, it will choose to implement a hedging strategy, using forward rates to lock in an exchange rate and thus eliminate the exposure to the risk.
A financier, philanthropist and one of the fathers of corporate finance in the United States. John Pierpont Morgan started his career in 1857 at his father's bank, J.S. Morgan & Co., taking it over in 1890 after his father's death. He died on March 31, 1913 in Rome as one of the richest men in the world. A leader in corporate finance, J.P. Morgan was famous for mergers, such as bringing Edison General Electric and Thompson-Houston Electric Company together to form the company General Electric. He also formed the first billion-dollar company in the world, United States Steel Corporation.
什么是固定数量计划 在公司授予经营者股票期权计划时，可有多种方案，整体而言，可分为三种形式：固定价值计划、固定数量计划以及巨授计划[1]。 固定数量计划是指不论市场价格如何变化，管理者每年可以得到一个固定数量的股票购买许可权[1]。这样就使得报酬和业绩之间的联系相当紧密，提供了较为出色的激励。 固定数量计划的评价[1] 企业宣布在数年内每年发放相同数量的期权，而不考虑业绩变动情况。所以当股权上升时，股票期权价值也上升，不单是已获得得的期权，还包括以后将发放的期权。这会提供非常有力的激励作用，因为股价的上升带来了更多的潜在收益。然而，这也可能造成更大的潜在损失，因为股价下跌时，期权价值就减少得更厉害。当股价下跌到一定程度时，员工可能会丧失信心离开公司。该计划使员工承担了比固定价值计划更大的业绩风险。 固定数量计划的优点是与固定价值计划相比，使经营者的期权价值与企业业绩相关联，有较大激励作用。缺点是如果股价波动太大，则会影响员工的信心。 参考文献 ↑ 1.0 1.1 1.2 芮明杰.《现代企业持续发展理论与策略》[M].清华大学出版社,2004
登录
工商服务
危机公关
金融律师
app开发
财税服务
金融牌照
网站建设
知识产权
企业征信
审计评估