Proxies in place, the team dove into the data and came up with surprising results: Between 2002 and 2007 (the years covered by the database), public firms increased their gross fixed assets (as a percentage of total assets) by 4.0 percent a year on average versus 9.7 percent at similar private firms.
When John Valentine, a financial planner in San Ramon, Calif. who charges a fixed percentage of equity assets, analyzed his clients' returns and volatility over 18 months, those with 24 or fewer securities had a 5% higher risk-adjusted return compared with those owning 35 or more securities.
As a proportion of total fixed-assets investment the figures suggest little change (14% to 16%).
For a start, investment in fixed assets is practically flat.
This is the main reason we continue to believe that investors should maintain a relatively fixed strategic percentage of their assets invested internationally.
Vivendi and Vodafone will probably merge their fixed-line assets into a single entity.
That was splendid for the purchasers, but rather unwise of the life companies, which had no way of hedging their liabilities with fixed-interest assets with a similarly high yield.
The higher the return on capital which he defines as pretax operating profit divided by the sum of net working capital and net fixed assets the more effectively a company is using its capital to generate profit.
So why not outsource assembly to the Chinese, keep fixed assets elsewhere and perhaps make a killing in China after all?
ECONOMIST: Is there any point in manufacturing cars in China?
Companies were offered "buybacks" instead, under which they drilled for oil, built pipelines and handed over the assets to the government in exchange for a fixed return, paid in oil.
Even though investment as a proportion of GDP is high, China's accumulated investment in fixed assets is still low.
Al Subbloie is the chief executive officer of Tangoe, a company that helps businesses manage, understand and control their fixed and mobile telecommunications assets and costs.
With a deferred annuity, you pay now and hope to accumulate assets through either a variable product that invests in equity mutual funds or a fixed product that offers bond-like returns.
Over the years the company has transcended from a commodities trading firm to an investment holding firm of sorts, making massive investments in fixed assets, including mines stretching from Australia to Latin America to Africa.
As for the fixed assets (like the building and the ground), those will probably have a lower value than stated on the balance sheet.
The BlackRock segment manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, multi-asset class, alternative and cash management separate accounts and funds, including iShares.
Developers are a big chunk of the economy-accounting for 33% of total investment in China's fixed assets last year.
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