Search results for " funds"
showing 10 items of 66 documents
TRANSFORMING LIBRARIES AS A PROFIT-MAKING ORGANIZATION TO IMPROVE SERVICE PERFORMANCE
2022
Libraries are non-profit service-oriented organizations engaged in satisfying the patrons' needs by providing them with whatever they seek from the library, i.e., Books, Journals, Magazines, CDs/DVDs, and Online Resources. However, the libraries must face hardships regarding funds which create difficulties in maintaining the libraries and providing better library services. Its high time libraries should become self-dependent rather than depending upon the funds provided by the parental organization. The funds that the parental organization allocates are minimal and do not cover every area pertaining to the library. Purpose: The purpose of the paper is to conceptualize the transformation of …
Demand for life annuities from married couples with a bequest motive
2006
The aim of this paper is to explain the ‘annuities puzzle’ in greater depth by introducing the bequest motive. It will try to determine whether this motive really is a relevant feature influencing the demand for life annuities from married couples. With this aim in mind, we develop an optimization model of the utility provided by purchasing a life annuity with contingent survivor benefit or a joint survivor life annuity. Our model is based on that first put forward by Brown and Poterba (2000), to which we have added elements from other models, such as Friedman and Warshawsky's (1990) and Vidal and Lejárraga's (2004), which include the bequest motive. This will enable us to calculate the ann…
A LEGAL OPINION ON WHETHER A PERSON PERFORMING THE FUNCTION (CHURCH OFFICE) OF THE ECONOMIST OF THE POLISH BISHOPS’ CONFERENCE SATISFIES THE CONDITIO…
2019
Przedmiotem opinii jest udzielenie odpowiedzi na pytanie: czy osoba pełniąca funkcję (urząd kościelny) Ekonoma Konferencji Episkopatu Polski wypełnia przesłankę określoną w przepisie art. 44 ust. 3 ustawy z dnia 28 sierpnia 1997 r. o organizacji i funkcjonowaniu funduszy emerytalnych, czyli należy do kręgu tzw. „osób zależnych”? Przeprowadzona analiza stanu prawnego i faktycznego w tym konkretnym przypadku doprowadziła do konkluzji, że sam fakt bycia Ekonomem KEP nie powoduje, że ziszcza się negatywna przesłanka z art. 44 ust. 3 ustawy o organizacji i funkcjonowaniu funduszy emerytalnych. Ponieważ jednak osoba wykonująca funkcję Ekonoma KEP pozostaje równocześnie w stosunku pracy z jednostk…
(In)Efficiencies in Latin American ETFs
2017
Este estudio evalúa empíricamente la eficiencia en la valoración de varios ETFs latinoamericanos, expresada en desviaciones de sus precios de mercado frente a los valores liquidativos subyacentes. Se cuantifican tales ineficiencias y se implementa una estrategia de negociación verificada por regresiones basadas en el CAPM y el Modelo Fama-French. Los resultados discrepan con la Hipótesis de los Mercados Eficientes y son mejor explicados por aspectos de las finanzas comportamentales. Finalmente, se examina cómo las desviaciones influyen sobre la decisión de creación o redención de ETFs, mediante un análisis de regresión logística. Los resultados evidencian que los participantes autorizados r…
Absorption of Structural Funds – International Comparisons and Correlations
2013
Abstract Structural Funds represent one of the main instruments which The European Union uses to sustain regional development and to eliminate disparities between members. Specialized literature is relatively poor when it comes to approaching this subject. In the period 2002-2006, several papers were written, which identified the absorption process's influence factors, but all these materials represented ex-ante analysis, the empirical testing of theories being virtually impossible. The present paper, based on available statistical data related to the absorption process, aims at testing these factors, trying to elucidate the great differences obtained by the EU members within Central and Ea…
The Regional Effects of Public Spending on Active Labor Market Policies: Evidence from Advanced Economies
2022
This paper examines the regional effects of public spending on Active Labor Market polices (ALMPs). Using an unbalanced sample of 308 regions belonging to 29 OECD Economies for the period 1995-2011, we show that discretionary increases in public spending on active labor market policies at the national level have statistically significant short- and medium-term effect in reducing regional unemployment rate, while raising regional output. These effects tend to be larger during periods of low GDP growth, and when complemented by a larger share of cohesion fund expenditures.
Self-organizing maps could improve the classification of Spanish mutual funds
2006
In this paper, we apply nonlinear techniques (Self-Organizing Maps, k-nearest neighbors and the k-means algorithm) to evaluate the official Spanish mutual funds classification. The methodology that we propose allows us to identify which mutual funds are misclassified in the sense that they have historical performances which do not conform to the investment objectives established in their official category. According to this, we conclude that, on average, over 40% of mutual funds could be misclassified. Then, we propose an alternative classification, based on a double-step methodology, and we find that it achieves a significantly lower rate of misclassifications. The portfolios obtained from…
Lo sviluppo e l’innovazione
2021
Le norme della legge di bilancio per il 2021 in materia di sviluppo e innovazione sembrano ancora legate a una logica di natura emergenziale, ponendosi in continuitàconle normative adottate nel corso del 2020 per fare fronte alle fasi più acute della crisi causata dal Covid-19, con le quali, non a caso, condividono il carattere temporaneo degli interventi. Questi si basano su incentivi ai consumi, garanzie pubbliche sui prestiti bancari e varie provvidenze da distribuire tramite fondi pubblici appositamente istituiti. Sorprende l’assenza di progetti ambiziosi per lo sviluppo economico, che avrebbero potuto essere coordinati, o costituire anticipazioni, di quelli da inserire successivamente …
Il sostegno alle imprese
2021
Il capitolo indaga il variegato e complesso sistema del sostegno pubblico alle imprese. In questa ottica, innanzitutto si prende in considerazione l’impatto delle crisi economiche sulle politiche di ausilio pubblico alle attività produttive. Successivamente si descrivono gli elementi di contesto con cui le politiche di incentivazione dei poteri pubblici devono fare i conti, ossia le sfide della globalizzazione economica e il quadro di regolazione dell’Unione europea, con il ruolo preminente che può essere svolto dagli istituti nazionali di promozione. Si analizzano, poi, le agevolazioni per la creazione di imprese e i meccanismi e le procedure per facilitare l’imprenditorialità nei territor…