Suchergebnisse

Introduction to pension schemes -- Selected pension scheme topics -- Investment by pension funds -- Corporate finance and pension schemes -- Annuities

Previous studies utilising the Keynesian regional income multiplier have paid very limited attention to the estimation of the income generation which occurs during the first round of the multiplier process. However, since the first round of income generation is of greater magnitude than that of any other round, it is particularly important that the first round effects should be estimated correctly. This paper will attempt to analyse the way in which such estimation depends upon the types and values of the propensities to withdraw which are included in the first round. These are related, in turn, to the type of income which the multiplier methodology is attempting to measure, and to the form which the injection itself takes.

The alternative investment market (AIM) has seen rapid growth over its 19 years, and has emerged as the market of choice for smaller, newer companies, both in the UK and abroad. However, it has often had a volatile reputation among investors, who have commonly perceived stock in the AIM as more risky than the main market. In this book, a group of leading financial analysts conduct an extensive empirical study to compare the relative volatility of two UK equity markets run by the London Stock Exchange, over a ten year period. They analyse the comparative risks involved in the alternative investment market, the market of growing companies, and the 'main market', the market for more established companies. This book analyses the volatility of the alternative investment market, using a variety of techniques and approaches. It compares the volatility of stocks in the markets, exploring variables such as size, industry, age and market switches. Using refined methods to focus on the difference between the markets, the authors provide a convincing study to challenge the idea that the alternative investment market is higher risk than the main market. -- Back cover