Price Investment Research Articles

Barclays Bank's Strategic Transformation and Analysis after Brexit

This report examines Barclays Bank's recent strategic initiatives aimed at addressing profitability challenges and revitalizing its market position following significant financial struggles. On July 16, 2024, Barclays US Consumer Bank introduced a new tiered savings product offering competitive interest rates with no monthly maintenance fees or minimum deposit requirements. Additionally, the bank simplified its investment pricing structure by eliminating several fees, enhancing accessibility for clients. The analysis evaluates the customer benefits of these innovations, particularly in the context of post-Brexit regulatory pressures and competition from other financial institutions. It highlights the dual objectives of attracting new clientele and retaining existing customers by providing higher interest rates and reduced fees. Furthermore, the report discusses the implications of Barclays' decision to cease services for UK expatriates, which has led to decreased cash flow and contributed to declining yields. Ultimately, the findings underscore the importance of flexibility and innovation in today's banking landscape as Barclays seeks to rebuild trust and improve its financial performance.

Financial Barriers to Reducing Nitrogen Pollution in Dutch Dairy Farms

SummaryNitrogen fertiliser boosts agricultural yields, but its excessive use destabilises ecosystems. That is why Dutch policy makers want to reduce nitrogen pollution on dairy farms. Cleaner technologies and structural changes could reduce farm emissions. We benchmarked farms, organised an expert consultation, and reviewed the literature to determine the degree to which the lack of available internal and external finance is a barrier to reducing nitrogen pollution. Although the average dairy farm in our sample can finance these investments, a significant share of farmers cannot. We find that investments vastly drain the currently accessible finances available to dairy farmers. Subsidies to reduce the price of investments and measures to increase farm net cash flows could mitigate this problem, while equity funds or preferential interest rate systems would be ineffective. Farm management is not bound by access to finance. Our findings suggest that improved management could vastly reduce the accumulation of nitrogen surplus on farms. Interestingly, we estimate that this can be achieved while increasing profits. The wide‐scale adoption of best practices can be facilitated by establishing and financing advisory services and peer learning programmes to spread knowledge and awareness.

The Effect of Leverage and Cash Flow Operation on Stock Prices with Company Value as Moderation

The impact of the leiveirage and cash flow opeiration on stock prices and the value of the company as moderation is the goal of this policy. This study also examines the impact of the leiveirgaei and cash flow opeiration on the stock price and the value of the company as a moderation. This research sample is one of 50 companies that are listed on the Indonesian EIfeik Exchange in 2021-2023 at the Food and Beverage and Information Technology Surveyor. The method of research is tested by path analysis, using stata software to test direct and indirect effects. The results of the study prove that the leiveiragei is not beirpeinginginfluence and neigative in the face of the stock price. Cash flow opeiration has a positive and significant impact on stock prices. The value of the company is not significant and significant in the face of the stock price. The value of the company is not able to moderate and negate the relationship between the leiveiragei and the stock price. The value of the company is able to positively and significantly moderate the relationship between cash flow operations and stock prices. The results of this research provide information about the price of the company's investment in the food and beverage industry and information technology that can help decision-makers in an effort to increase the company's stock price.

Demand Jump and Preemption under Irreversible Investment

Abstract This article shows that the possibility of preemption depends on the form of demand evolution and of the cost function. It characterizes the Markov perfect and open-loop equilibria of a two period game of capacity accumulation. When there is no demand evolution, there is no possibility of preemption under linear prices of investment. Preemption only appears when the demand shock between both periods is large enough.

The price of capital goods, investment and labour: Micro‐evidence from a trade liberalization

AbstractIn this paper, we show that a reduction in capital goods prices induced by trade policies can stimulate both investment and labour. We exploit a quasi‐natural experiment in the form of a trade reform in Colombia to study how firms with differential exposure to reductions in capital goods tariffs react in terms of their investment and labour decision. Firms that see a larger decline in the input tariff for capital goods increase investment and labour for production, as well as their labour share. Reductions in input tariffs are passed through to input prices for all goods. However, only lower prices for capital, not for other goods, translate into more investment and employment of production workers.

Unemployment and the direction of technical change

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this interaction generates a balanced growth path that is observationally equivalent to that of the standard neoclassical growth model, except that it also incorporates a positive steady state level of unemployment and a falling relative price of investment. I also study the effects of a permanent increase in the ability of R&D to improve labor-saving technologies. In the long run, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor share of income. In the short run, this change exacerbates existing inefficiencies and slows economic growth.

The role of existing shareholders in private equity placements in China

AbstractIn this article, we investigate how the participation of firms’ existing shareholders affects the pricing and valuation of private investments in public equity (PIPEs). Using a large sample of PIPEs issued by Chinese listed firms from 2006 to 2019, we find that the effective discount and long‐term buy‐and‐hold abnormal stock returns of PIPEs with existing shareholder participation are significantly higher than those with only new investor participation, after controlling for heterogeneous types of PIPE investors. However, the superior post‐PIPE stock performance of deals with existing shareholders is not driven by improved operating performance but by tunneling activities such as frequent dividend announcements, related‐party transactions, and positive earnings management during the lock‐up period. Our findings suggest that the effect of existing shareholders’ participation in private equity placements is more consistent with the tunneling hypothesis than the certification hypothesis. We document that the tunneling incentives are stronger when firms face greater financial constraints and can be mitigated when the firm's corporate governance is stronger.

The Role of Social Investment Funds in Promoting Capacity Development of Youth Organizations in Senegal

This take a look at examines the effect of social investment price range at the capacity improvement of teens agencies in Senegal, utilising a blended-strategies technique. Quantitative analyses consisting of descriptive records, correlation analyses, regression analyses, and ANCOVA, along qualitative insights from interviews, shed light on the connection among funding degrees and programmatic effectiveness. The findings display sturdy wonderful correlations between investment ranges and programmatic effectiveness, supported via regression and ANCOVA analyses demonstrating the giant have an impact on of funding on organizational outcomes. Qualitative records in addition improve the understanding, highlighting stepped forward management, resource management, and community engagement amongst teens companies. This observe emphasizes the importance of sustained funding in youngsters-led initiatives and recommends targeted help to maximise their ability as drivers of social alternate and sustainable improvement in Senegal.

A study of the impact of the two-child welfare policy on the investment cost of urban families’ children’s education--an empirical test based on the HOV model

Abstract In recent years, the aging of the population and the tightening of the labor market have made the relaxation of the two-child policy a pivotal measure to promote population growth. As an essential part of socio-economic development, urban families’ changes in the cost of their children’s education investment under the two-child policy are significant in understanding the policy effect and optimizing the demographic structure. This paper analyzes the impact of the two-child welfare policy on urban families’ education investment costs using the HOV model to provide data support and decision-making reference for policy formulation. The research methods include analyzing the distribution of educational resources, predicting the impact of the two-child policy on the cost of educational investment using the HOV model. The cost of educational investment for urban families increased significantly after the two-child policy was implemented. The average price of educational investment increased by 15%, and the impact was more noticeable for low-income families. The two-child policy is beneficial for population growth but also increases urban families’ educational burden. It is recommended that the Government optimize the relevant welfare policies to reduce the burden on families, and at the same time improve the allocation efficiency of educational resources to ensure the sustainability and fairness of the policy.

The Price of Capital Goods, Investment, and Labor: Micro-Evidence from a Trade Liberalization

The Price of Capital Goods, Investment, and Labor: Micro-Evidence from a Trade Liberalization

ИСЛАМСКИЕ ИНДЕКСЫ АКЦИЙ РОССИЙСКИХ КОМПАНИЙ: ВИДЫ, ДИНАМИКА, ФАКТОРЫ

Creating conditions for the development of Islamic finance principles in the Russian economy implies the participation of practically all economic and financial market players in these processes. The stock exchange, which is responsive to all trends in the global financial system, is no exception. The beginning of the development of reliable Islamic investments through a highly organized exchange market has been laid, which will inevitably have a positive impact on further success in the application of the Islamic economic model in Russia. The subject of the article are stock market indicators reflecting the state of the Islamic investment sector: Islamic investment price index and total return index. Identification of dynamics and factors of their changes in comparative assessment with other stock exchange stock indices became the purpose of the article. By means of statistical methods, methods of grouping and detailing, structural and comparative analysis, similar and distinctive features in the dynamics and factors of movement of the indices were identified. It is concluded that there is a stronger correlation between the index values, similarity in the specific indicators of the presence of large companies in the structure of the average daily trading volumes of the indices, and that the directions of change in the yield of the Islamic investment index and the “net” yield of the blue chips index as a result of reinvestment of dividends coincide.

Capital shocks and the great urban divide

Abstract This article exploits signals of capital pricing and availability in US cities which are obtained from uniquely detailed data on real estate investments. We identify how places were differently affected by the global financial crisis and provide insights which offer an alternative explanation of why US economic growth continues to experience spatial divergence after many decades of convergence. Investment pricing uncovers that before the crisis capital was allocated efficiently across localities, whereas the global financial shock favored large and prosperous places. These findings point to persistent post-crisis asymmetry in local capital market conditions and underscore the capital risk-safety aspects of agglomeration.

Does the pricing of intra-group investment deviate from the market rule? Evidence from domestic merger and acquisition transactions under common control in China

This study examines whether the pricing of intra-group investment deviates from market rules using data on domestic merger and acquisition (M&A) transactions under common control in China. It was found that M&A transactions under common control involve a lower premium than those without common control, which rely on market rules to set a price. This is because acquirers in M&A transactions under common control face a lower degree of information asymmetry than those in M&A transactions without common control. Moreover, this study explores the economic consequences of internal investment behavior from multiple angles. It was found that compared with acquirers in M&A transactions without common control, acquirers in M&A transactions under common control have lower performance in the market, finance, and innovation. This study addresses the research gap on the internal investments of groups and deepens our understanding of investment pricing in internal capital markets.

The growing impact of ICT productivity via the cost of capital: Evidence from the U.S. and Japan

We identify and measure two impacts of industry-level total factor productivity (TFP) growth on aggregate price change in the U.S. and Japan. The first is a standard effect from the definition of aggregate GDP. TFP change lowers aggregate prices ceteris paribus. The second is that a change in TFP in the production of investment goods lowers the cost of capital via lower investment prices. We call this the cost-of-capital effect and formulate an expanded growth accounting framework to capture both effects. We apply it to a harmonized dataset for the two countries and find that the standard effect has fallen since the peak around 2000 due to lower TFP growth and a diminished share of GDP. However, the cost-of-capital effect has risen in importance and offsets part of this decline in the standard effect.

The Dynamic Relationship among Domestic Stock Returns Volatility, Oil Prices, Exchange Rate and Macroeconomic Factors of Investment

This study investigates the impact of oil price variations, exchange rates, macroeconomic factors and domestic stock volatility in South Asian countries. This study employs a general autoregressive heteroskedastic (GARCH) model using quarterly data from 2001 to 2021. The results reveal that there is a significant relationship between the domestic stock of credit and macroeconomic factors. We find surprising results for the set of the countries; there is a negative impact of asset portfolio investment in the domestic stock for Afghanistan, Bangladesh, India and Pakistan and a positive effect for the remaining countries. There is a positive impact on the economic growth in the majority of countries with the exception of Afghanistan and Bangladesh. Inflation seems to increase while there is an increase in the credit in the economy except for Bangladesh, Bhutan and Nepal. Exchange rate has a negative impact on the domestic stock except for India and Nepal. Further, there is a positive effect on the interest rate spread in Bangladesh, India and Pakistan. Finally, oil prices have a significant impact on exchange rates within the countries’ investments.

Research on the Stock Investment Value of Hong Kong Stock Connect based on Factor Analysis

Based on the Hong Kong Stock Connect, this paper introduces a stock investment pricing method based on factor analysis, and combines it with portfolio model. A statistical method known as factor analysis is used to separate common factors from collections of data. British psychologist Spearman was the one who initially put out the idea. He modified and enhanced the portfolio model after discovering a particular link between several probable common elements., so as to form a complete set of methods for establishing stock alternative asset allocation. This paper will first introduce a method to evaluate and compare the business performance of listed companies in the industry, and apply it to the analysis data. Finally got the investment plan. In order to explain and demonstrate the methods and models discussed in this paper, this paper will take the Hong Kong Stock Connect listed companies as an example, and analyse and summarize the results. This paper will have certain reference value for investors, and promote the theoretical research of related issues more in-depth.

Economic and Energetic Assessment and Comparison of Solar Heating and Cooling Systems

Solar heating and cooling (SHC) systems are currently attracting attention, especially in times of increasing energy prices and supply crises. In times of lower energy prices, absorption SHC systems were not competitive to compression cooling supported by photovoltaic (PV) modules due to the high investment costs and total energy efficiency. This paper aims to discuss the current changes in energy supply and energy prices in terms of the feasibility of the application of a small absorption SHC system in a mild Mediterranean climate. The existing hospital complex restaurant SHC system with evacuated tube solar collectors and a small single-stage absorption chiller was used as a reference system for extended analysis. Dynamic simulation models based on solar thermal collectors, PV modules, absorption chillers and air-to-water heat pumps were developed for reliable research and system comparison. The results showed that primary energy consumption in SHC systems designed to cover base energy load strongly depends on the additional energy source, e.g., boiler or heat pump. Absorption SHC systems can be price competitive to air-to-water heat pump (AWHP) systems with PV collectors only in the case of reduced investment costs and increased electricity price. To reach acceptable economic viability of the absorption SHC system, investment price should be at least equal to or lower than a comparable AWHP system.

Crypto Price Prediction as an Investment Opportunity: An Empirical Study of Three Global Cryptocurrencies

Aims: To determine the investment feasibility of evaluating cryptocurrency opportunities as an investment product under the possibility of crypto price valuation selection. The study analyzes three indicators: asset price returns in unrelated time, selection of cryptocurrency investment price weights, and crypto price forward contract opportunities on ARCH-GARCH probability forecasts in the selection of price valuations by individual cryptocurrency prices.
 Study Design: Quantitative research.
 Place and Duration of Study: The period from 10 September 2021 to 4 September 2022 using sample data downloaded from the Yahoo Finance website database with metric data retrieval bound in amount, data quantity, or distance relative to writing opportunities to examine the distribution of the amount of research data.
 Methodology: This study employed Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) cryptocurrencies as the research objects with used panel and multiple regression analysis methodologies and using forecasting the appropriate ARCH and GARCH methods
 Results: The results show that the prediction of future crypto price selection in BTC and ETH tokens has a probability of 78.6% and 59.6%, respectively. The study highlights the prediction of future BTC and ETH price selection with 79.21% and 78.64% forecast results as found in the ARCH-GARCH(1, 0, 1) technique. Meanwhile, USDT token has no possibility to be forecasted in the future, leaving a 7.3% possibility of crypto price selection under probability by investors in the form of high (or different) price fluctuation inequalities.
 Conclusion: Conclusions could state that the partial (combined) selection of crypto coin price assessments and individual crypto assets can reduce the expected return from the selection of the asset price so that this form of investment in crypto assets can reduce the level of observation of return on wealth from crypto assets for investors especially in expecting the chance on that investment.

Alert for Alerts: How Investment Price Tracking Alerts Affect Retail Investors

Alert for Alerts: How Investment Price Tracking Alerts Affect Retail Investors

News-Driven Housing Booms: Spain Versus Germany

Abstract We investigate how the economy responds to anticipated (news) shocks to future investment decisions. Using structural vector autoregressions (SVARs), we show that news about the future relative price of residential investment explains a high fraction of the variance of output, aggregate investment and residential investment for Spain. In contrast, for Germany it is the news shocks on business structures and equipment that explain a higher fraction of the variance of output, consumption and non-residential investment. We confront the identified shock with other shocks to provide evidence that our structural interpretation is valid. Then, to address our empirical findings, we propose a stylized two-sector model of the willingness to substitute current consumption for future investment in housing, structures or equipment. The model combines a wealth effect driven by the expectation of rising house prices, with a reduced-form friction in labor reallocation. We find that the model calibrated for Spain displays a response to anticipated house price shocks that stimulate residential investment, whereas for Germany those shocks enhance investment in equipment and structures. The results highlight the propagation mechanism of anticipated shocks to future investment, which is consistent with the housing booms in Spain and their absence in Germany. Such a mechanism complements a view relying on a combination of monetary, financial or housing supply and demand, surprise shocks.