Search results for " funds"
showing 10 items of 66 documents
Macroeconomic Impact of Pension System Upon Private Pension Funds Scheme. Empirical Evidence from Central and Eastern European Countries
2021
Abstract The significance of retirement savings and private pension funds increased in the latest decades and gathered important amounts of capitals. The purpose of this paper is to investigate the macroeconomic effects of pension systems from an investment perspective in five Central and Eastern European countries. The analyzing process regarding several underlying macroeconomic effects of pension systems started from the premises that there is a strong connection between the structure of pension systems, the national economy and the development of the financial sector. The econometric tests were processed and applied by using pool data regression models and the method Pooled Instrumental …
Operational Programmes - Tools to Combat Economic Crisis
2013
Abstract This paper aims to present the state of implementation of operational programs 2007-2013 co-financed with structural instruments, to determine the level of absorption of these funds and the achievement of the strategic objectives set by European and national documents. The purpose of this analysis is to identify weaknesses and strengths that Romania has in this area and how it is likely to increase the success of absorption rate of EU funds. All these aspects are very important, as structural funds are considered an important tool in combating the effects of the financial crisis on the Romanian economy.
Alternative Investment Fund Managers Directive and its Impact on Malta’s Financial Service Industry
2016
The introduction of the Directive on Alternative Investment Fund Managers (AIFM Directive 2011/61/EU) in 2013 means a radical transformation of the EU regulatory landscape for the whole alternative investment fund industry. Taking into account the growing meaning of the alternative investment fund industry in Europe, the aim of the paper is to assess the impact the Directive on Alternative Investment Fund Managers (AIFMD) will have on the Alternative Investment Fund Managers (AIFMs) managing Alternative Investment Funds (AIFs) in the EU. The research is based on the case of Malta, which is a quickly growing financial centre. The main findings are based on an analysis of questionnaire respon…
Absorption of European Funds by Romania
2014
Abstract The European Union provides financial support to all Member States through structural instruments (Structural Funds) and the Fund for Agriculture. Nationally, each Member State has to set up operational programs (SOP) in accordance with European requirements to access the available money. In the current multiannual financial exercise there are 7 SOP, plus the agriculture program. The absorption level of European funds for the current financial period - 2007-2013 - is low for several reasons: lack of strategic vision for programming development, poor quality of projects, excessive bureaucracy, lack of optimization of financial flows etc. For the upcoming 2014-2020 financial programm…
Projekts: Uzņēmuma "Jumis Finances" dibināšana
2017
Maģistra darba mērķis ir izstrādāt jauna uzņēmuma dibināšanas plānu un biznesa plānu trim darbības gadiem. Maģistra darba gaitā darba autors izstrādāja un novērtēja izveidojamā uzņēmuma „Jumis Finances” dibināšanas plānu un biznesa plānu trim pirmajiem darbības gadiem. Projekta mērķis – dibināt neatkarīgu uzņēmumu, kas nodarbosies ar vērtspapīru individuālu portfeļu izstrādi un konsultāciju sniegšanu. Darbs izklāstīts uz 101 lapām un iekļauj izmantotās literatūras un citu informācijas avotu 46 nosaukumus, 26 tabulas, un17 attēlus. Darba pētīšanas metodes: statistiskā analīze, grafiskā analīze, vertikāla analīze, SVID analīze, riska matrica.
Green and good? The investment performance of US environmental mutual funds
2011
Increased concern for the environment has increased the number of investment opportunities in mutual funds specialized in promoting responsible environmental attitudes. This article examines the performance and risk sensitivities of US green mutual funds vis-a-vis their conventional peers. We also analyze and compare this performance relative to other socially responsible investing (SRI) mutual funds. In order to implement this analysis, we apply a CAPM-based methodology and find that in the 1987–2009 period, environ- mental funds had lower performance than conventional funds with similar characteristics. However, if we focus on a more recent period (2001–2009), green funds achieved adjuste…
Fundusz Medyczny - organizacja i zasady gospodarki finansowej
2021
Celem artykułu jest analiza przepisów normujących organizację i zasady gospodarki finansowej Funduszu Medycznego w kontekście funkcji, jakie w doktrynie prawa finansowego przypisuje się funduszom celowym. W pierwszej części opracowania poddano ocenie regulacje dotyczące organizacji i zadań tej jednostki. Drugą poświęcono przedstawieniu źródeł finansowania oraz zasad gospodarki finansowej Funduszu, zwracając szczególną uwagę na problem zasilania tej jednostki tzw. wpłatą z budżetu państwa. Z uwagi na ograniczone ramy artykułu do odrębnego opracowania pozostawiono problematykę programów inwestycyjnych oraz kwestię trybu i zasad przekazywania środków z Funduszu. Stosując metody właściwe współc…
International Fiscal-Financial Spillovers:the Effect of Fiscal Shocks on Cross-Border Bank Lending
2019
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous domestic fiscal shocks (both measured by spending and revenue) between 1990Q1 and 2012Q4, we find that expansionary domestic fiscal shocks lead to a statistically significant increase in cross-border bank lending. The magnitude of the effect is also economically significant: the effect of 1 percent of GDP increase (decrease) in spending (revenue) is comparable to an exogenous decline in the federal funds ra…
Eco-Anxiety, Connectedness to Nature & Green Equity Investments
2023
International audience; Drawing on a survey of 671 French individual investors, we document for the first time the connection between emotions towards the environment and investment in green funds. Both eco-anxiety and connectedness to nature have a significant impact on deciding to invest in green funds, but, interestingly, do not exert any influence on the amount invested. Hence, investing in green funds seems to be a way to buy a good conscience towards the environment, but the good deed ends there since the amount itself is not linked to environmentally related emotions.
Il Paradigma della Città Fluida
2013
Nella recente crisi globale i poderosi flussi di capitali finanziari, sociali e relazionali che hanno alimentato la riqualificazione urbana nel corso degli ultimi quindici anni non sono più disponibili ad essere intercettati in maniera indiscriminata così come è stato possibile fino a qualche anno fa. Nell'era della crisi strutturale le città più dinamiche non sono più quelle in grado di attrarre progetti urbani iconici ed investitori spinti dal mercato immobiliare o dalla redditività delle attività ricreative, ma quelle città che, a partire dalle loro profonde e diversificate risorse culturali, saranno capaci di attuare una vera e propria “metamorfosi” per usarle come base per la creazione…