1.서론
금융기관의 위험관리가 중요한 이슈로 대두되면서 Value at Risk(이하 VaR)을 이용한 위험관리가 일반화 되고 있다. VaR은 전통적인 위험측정 지표인 표준편차의 한계를 극복하면서 상대적으로 이해하기 쉽다는 장점을 가지고 있다. 이러한 장점을 바탕으로 VaR은 금융기관과 기업의 사장위험을 주
Introduction
As a student of healthcare management, there is a growing need to review currently prevalent health problems empirically under the epidemological thought which is essentially methodological ways to parse the subject foe people who major the healthcare management.
based on this stance, we choose our subject as high-profile obesity. Nowadays, the colossal burgeoning in body weight af
I. Environment Analysis
Introduction
Lately, South Korea's cosmetic companies are actively entering Japanese market. In particular, low-priced brand companies entering are remarkable. Continuing the long-term recession, Japanese consumers find inexpensive cosmetics. Through this period, cosmetics of South Korea draw popular through low price and good quality. Celebrity publicity is also inf
exposure to country risk. There are three ways for estimating lambda: (1)source of revenues (2)manufacturing facilities (3)use of risk management products. We choose to use the first one; source of revenue.
Samsung SDI is a Korea company but we use risk free rate and risk premium as US T-bond, so we must adjust cost of equity by using country risk premium.
⑤ Three ways about estimating Ke
Introduction to LTCM
1994, John Meriwether, the famed bond trader from
Salomon Brothers founded a hedge fund called Long-Term Capital Management
Like all US hedge funds, LTCM was an unregistered private
investment limited partnership (LP) with very few reporting and regulatory controls on it apart from normal auditing
LTCM's main strategy -> make convergence trades.