...Journal of Financial Economics 33 (1993) 3-56. North-Holland Common risk factors in the returns stocks and bonds* Eugene F. Fama and Kenneth R. French 1992 Unirrrsit.v 01 Chicayo. Chiccup. I .L 60637, C;S;L Received July 1992. final version received September on This paper identities five common risk factors in the returns on stocks and bonds. There are three stock-market factors: an overall market factor and factors related to firm size and book-to-market equity. There are two bond-market factors. related to maturity and default risks. Stock returns have shared variation due to the stock-market factors, and they are linked to bond returns through shared variation in the bond-market factors. Except for low-grade corporates. the bond-market factors capture the common variation in bond returns. Most important. the five factors seem to explain average returns on stocks and bonds. 1. Introduction The cross-section of average returns on U.S. common stocks shows little relation to either the market /Is of the Sharpe (1964tLintner (1965) assetpricing model or the consumption ps of the intertemporal asset-pricing model of Breeden (1979) and others. [See, for example, Reinganum (198 1) and Breeden, Gibbons, and Litzenberger (1989).] On the other hand, variables that have no special standing in asset-pricing theory show reliable power to explain the cross-section of average returns. The list of empirically determined averagereturn variables includes size (ME, stock...
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...extra-curricular activities over the last few years (leisure time, social life, clubs, volunteer work, etc.) ? * (500 characters maximum) E. Have you carried out any in-company training periods or worked part or full-time? If so, please give details of the jobs and positions held (name of firms or organisations, dates of employment, etc.) in chronological order (2000 characters maximum) A. Which personal achievements are you most proud of ? 1)In terms of my study, I would like to say that I really work hard in the university. I got the second prize scholarship in the first year and the first prize scholarship in the second and third year. Besides, I pass so many exams to prove myself, improve the English and French ability and show the interest in business management: TFS4(French level test in China), IELTS, GMAT, BEC(V). 2)I participated in the career relationship circle(a business club) and act as a PR leader in the club. In this club I participated in many activities and competitions( I will refer to them in the following questions) and have good interpersonal relationship. B. Describe a situation where you failed. What lessons did you learn from it ? I experienced two times IELTS exams, first time I failed because I got 5.5 in the writing and speaking sections. Because I gave up the leisure time and participated the exam training in the winter holiday and also I do so much work, I felt upset and disappointed. However, when I thought about this failure, I learned so much...
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... Social Services, Guidance, and Family/Individual Support Services where I may be an asset in the facilitation of organizational goals while providing excellent service. Desired Status/Availability: Full-time/Progressive/Coordinated with your needs. Miscellaneous: Clean Background, Substance-free, Pleasant Personality and Very Positive Attitude. ------------------------------------------------- SKILLS & ABILITIES ● Picker / Warehouse ● Computer Skill ● Food Service ● Catering ● Food Prep ● Custodial/Janitorial ● Cooking ● Quality Control ● Banquet Set-up ● Language: English, Creole & French ● Intangibles: Work effectively with a diverse population, Very Responsible, Very Reliable, Always on Time, and Excellent work Habits. ------------------------------------------------- RELATED WORK EXPERIENCE 04/2013 – 06/2015 Custodian Goodwill Industries Supv: Allan Rapalo 305-439-8007 ● Responsible for cleaning offices. 06/2010 – 06/2013 Sales Associate Goodwill Industries Supv: Ludmina ● Responsible for cleaning the store, fixing, and cashier. 04/2010 – 11/2007 Q.C Inspector Goodwill Industries Miami, FL Supv: Richard Lederi 305-325-9114 2121 Northwest 21st Street ● Responsible for Quality Control. Inspected fabric and cuts made in Cutting Department. Insured that Cutting Machines meet required specifications, sorted cut material for distribution, and reported any adverse...
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...of the fifth symphony seemed to be filled with ecstasy. "The autumn sun is shining. Nature in its farewell colors. My heart is singing sadly – the shadows grow longer. The Adagio of my fifth symphony? That I, poor fellow that I am, can have moments of such richness!!" he wrote on 10th October 1914. And in November the sentiment grew even stronger: "I have a lovely theme. An adagio for the symphony – earth, worms and misery, fortissimo and sordinos [mutes], lots of sordinos. And the melodies are divine!!" In another diary entry (April 1915) Sibelius wrote: "In the evening, working on the symphony. This important task which strangely enchants me. As if God the Father had thrown down pieces of a mosaic from the floor of heaven and asked me to work out the pattern." Indeed, he produced a "mosaic" of drafts during the autumn and winter of 1914. But from such an assembly of material can we know which draft belonged to which movement, or even to which...
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...THE JOHN LOCKE PRIZE 2013 A Sixth Form cross-curricular prize to support further academic work and recommend your achievements to your universities. What prizes are on offer? There will be gold, silver and bronze prizes awarded for the best essays and such awards could help to support your University Application as evidence of outstanding academic work and independent effort. How long and of what nature should my essay be? Your essay should be between 2,000 and 2,500 words (excluding notes and bibliography) and represent original and independent work. There may be a case for writing a slightly shorter essay if one of your universities requires a shorter sample essay. Supplying an accurate word count is in any case crucial. Your essay should aim to be quite a focused piece and be a work of analysis and interpretation rather than just description. You may need to seek advice on the planning, structuring and the title of your essay. Some modifications may be necessary for scientific submissions. Where will inspiration for my essay come from? Your essay may, or may not be, a further development of normal subject work (e.g. Physics Research and Analysis, English Phillimore, History Gibbon Prize etc); it may be on subjects which have no existing prizes; it may be on a subject which is not on the curriculum (e.g. Anthropology) or which is cross-curricular (e.g. English and History of Art); or it may have emerged from Cultural perspectives lessons, the Cultural Perspectives...
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...CAREER DEVELOPMENT PLAN Job title: Cabin Crew Organisation: Emirates Airline Skills needed for this job | Why is this skill necessary (use examples)? | Where/how did you find this out? | Do you have this skill? | How will you develop this skill? | Being physical fit | This skill is necessary because an airhostess I will need to be fit to do my job well. An airhostess need to be fit to be able to work on a plane and on their feet through their journey so they need to be able to work for long hours and be able to cope with been in the air.An airhostess needs to have energy to calm passengers down in case of emergencies. | http://blog.aviationjobsearch.com/blog/2012/07/advise-air-hostess-jobs-what-skills-do-i-need/ | I do think I have this skill. This is because I am free from any physical or mental illness which might lead to incapacity or inability to perform cabin crew duties. I do not have to depend alcohol or drugs. I have a good and healthier life style. I have normal vision without any glasses. I am physically fit because I go to the yoga classes to keep my balance and flexibility. | This skill could be developed by checking my BMI every week to have a better diet and by eating more front to digest properly. I could improve this skill by running in my space time. | Clear communication | This skill is necessary because Airhostess will be answering passengers questions which mean my voice will need to be clear in a formal speaking tone of voice, politely to...
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...How Stress Management Affects the Work and Relationship of Less-Fortunate Families The word “stress” is derived from the Latin strictus and the Old French etrace. In the past, the word has been used to designate both a stimulus (a force or pressure that causes distress) and a response to that stimulus (adversity, affliction). Currently, it is used to describe a situation wherein a person suffers an adversity that still persists even after mustering up all the necessary resrouces, threatening their well-being (Auerbach, 1998). Despite this, the so called “eustress” (or “good” or “pleasant” stress), a word coined by Hans Selye during the 1950’s is described as the state wherein a person incorporates the feelings of stress in his work, using the stress as a driving force to ultimately complete a task that is initially daunting. Stressors are the sources or causes of stress. These include physical, emotional, intellectual, social, economic and spiritual factors (Girdano, et al., 1997). Stress Management is the ability to reduce stress arousal or to cope competently with stressors. The paper aims to identify the different stessors within the household and explain, in depth, how these factors affect the family dynamics. By the end of the research, the proponents aim to provide several coping methods appropriate for the types of stress families are experiencing. We have identified verious stressors of parents and children among less-fortunate families. Stressors of parents include...
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...is attainable, but in reality, they are only giving in to limiting beliefs. It’s just as easy to think big as it is to think small; it only takes a small shift in your mindset. Besides, when you think small, you have to compete with everyone else who thinks that way. Think big, and you’ll be in a class of your own. 24: Make yourself wealthy, not someone else Who owns the company you work for? If it’s not you, then you are working to make someone else wealthy. If you’re going to work hard, why not work hard for yourself? 23: Get inspired daily Most people go through life without ever getting their heart pumping. Figure out what makes you tick — what gets you going — and drink from that well daily. 22: Get out of your comfort zone Do something every day that scares you. Better yet, put yourself in the position where you have no choice but to be scared. The higher your tolerance for fear and uncertainty, the more likely you are to be remarkable. 21: Travel The percentage of people who never see the outside world is staggering. If you want to understand how the world works, you need to get outside your bubble. 20: Refuse planned obsolescence Consumer electronics companies make it seem like they worked all fiscal year to come up with these brilliant innovations for the next product release. The truth is that it’s all a ploy to get you to wait in line for a few lousy gigabytes of...
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...seven members with varying degrees of professional expertise in strategic marketing. That expertise ranges from backgrounds in the non-profit sector to occupational therapy, financial analysis, logistics, international consultancy, and corporate management. The specific work expertise related to marketing that is relevant to this class is also varied with some members having strong expertise in marketing, sales and business and financial relations, while others have had no experience at all in marketing. This sets up the members for an interesting working relationship. All have had ample experience doing group work in past classes at Liberty University. The group is dynamic in nature. All in all, the individuals are go-getters who work well both as managers and as team members or followers. There seems to be a common work ethic where all members have a strong sense of initiative and are autonomous and self-motivated. While clearly acknowledging that no one is perfect, all seem committed to strive for excellence. Most of the members are process oriented and there is a strong sentiment that the tasks, guidance and specific roles for each individual in the group will need to be clear at all times. All members work reasonably well under pressure, but some members feel that stress is best...
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...|Date Issued | |Business Environment | |Week beginning 11/02/13 | |Student Name |Student ID |Due Date – 03/06/13 | |Lecturer Name: Ibrahim kevin, Sujata,& Issac |Internal Verifier Name | | |Mr. M. Azam | Rules and regulations: |Plagiarism is presenting somebody else’s work as your own. It includes: copying information directly from the Web or books without | |referencing the material; submitting joint coursework as an individual effort; copying another student’s coursework; stealing coursework from| |another student and submitting it as your own work. Suspected plagiarism will be investigated and if found to have occurred will be dealt | |with according to the procedures set down by the College. Please see your student handbook for further details of what is / isn’t plagiarism.| Coursework Regulations 1. Submission of coursework must be undertaken according to the relevant procedure – whether online or paper-based. Lecturers will give information as to which procedure must be followed, and details of submission procedures and penalty fees can be obtained from Academic Administration or the general student handbook. 2. All...
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...Interview Project My person of choice to interview for this project was my mother. She has personally in business for well over 15 years. She is talented and knows what she is doing through and through, and has helped lead her team to the top many times. My mother Jill works as an area manager for SunTrust in the Charlotte area. I decided to pick her, not only to have someone to interview, but also to get to know her on a more personal level and to see personally how she truly feels about what she does. I set up the interview via email. It becomes difficult trying to get together and be able to sit down and personally conduct the interview when she is out and about working. I attempt to visit as often as I can, but there are some nights that she doesn’t get home until really late. She was welcome and willing to do it, and her answers gave me more of an insight of what she really does. Here are the following questions, as well as answers. 1.) a. How do you measure success? In many ways… as a leader I measure success by how well my team achieves various key measures. My personal success is when my team is considered successful by others. b. Where does that measurement stand now? Currently we are exceeding key metrics and a majority of the 18 branches I lead are at or above target for the 4th quarter. c. What actions are you taking to change the measurement(s) (in the right direction)? My goal is to have all branches achieve their goals so for those that are not at...
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...Notes for using the Job Analysis template Job analysis is an in-depth study of a job (not the person in the job). It provides information for job descriptions. In doing the analysis, you will need to gather information about the job, eg by interviewing employees, observing performance of certain tasks, asking employees to fill out questionnaires and worksheets, and collecting information about a job from other sources such as related units of competency. Whatever sources you use to get basic information on what the job entails, the analysis should end up with written results that can be reviewed by the incumbent, or other employees who know the job. During the review, duties, competencies, knowledge, skills, abilities, and other characteristics of the job can be added, deleted or modified. Job analysis is designed to provide a reliable method of quickly and effectively identifying critical competencies (ie knowledge, skills and abilities) and establishing the qualifications for a job or role. The step-by-step process below will assist you to complete a job analysis using the template provided. |Process |Explanation | |Step 1. Understand the job |Start by developing a complete understanding of the position. This is the foundation on which training (and | |including duties and tasks |other human resources processes) is based. The basis...
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...Math and Me Vanessa Bashore MM212: College Algebra “We both just did out fives yesterday, how can she be doing her sixes already today?” I can remember thinking this like it was yesterday instead of 29 years ago. I was in first grade, and we were doing our times tables. I had been the first one to do all of my numbers so far in the class, and now Sara was up there doing her sixes before I knew them. That would just not do for me, so that night I went home and learned the rest of my numbers, six through nine, to be able to do them for the teacher the very next day. I guess you can say that this is where my love for math started. I am not saying that I never had to study or that I have never struggled with any math in my life, but for the most part, most of the math classes I have taken in my life have come pretty easily to me. I love when you are struggling with something in math and all of a sudden you have that a-ha moment where everything suddenly makes sense. In the past I have taken all the basics in math including Algebra and Geometry. However, these courses were also taken almost 20 years ago, and I have to admit that I am a bit rusty when it comes to all of the formulas and properties. Even though I may not remember all of the formulas, I still consider my previous courses a success. I may not remember the exact formula, but I do remember that the formulas exist and it is just a matter of looking the formula up and plugging in the right numbers to get the correct...
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...profession in or subjects that we feel we are good at. However, all of this means absolutely nothing if we are not satisfied with the environment in which we work. In this assignment I will be discussing three companies from FORTUNE Magazine’s annual ranking of America’s “100 Best Companies to Work For”. I will be describing the work environment of these companies and identifying elements that promote motivation and cohesion among employees in these workplaces. Additionally, I will be relating my observations to materials found in our textbook. The first company that I will be discussing is Dreamworks Animation. According to the about section on their website, “DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series and live entertainment properties, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques” (http://www.dreamworksanimation.com/company) Dreamworks Animation has also made this list of FORTUNE’S best companies to work for, for the last five years. An element within this company that fosters group cohesion is the area in which they work that allows for on campus events and activities that includes friends and family in addition to work colleagues. Throughout the year, Dreamworks...
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...particular is effective followers. How does an effective follower work and what does is it that drives them? There are five main characteristics that we are going to focus on for an effective follower and they are: dedication, independent thinker, active in the organization, self-management, and willing to take risks. Dedication is defined as the quality of being dedicated to a task or purpose, but it can also be interchanged with loyalty. An effective follower is someone who a colleague or manager can count on because they know that they will give it one hundred percent when it comes to completing a task. They tend to really believe in what they are doing and that is where the sense of dedication comes from. For example a dedicated employee would be willing to put in the long hours and extra time that it would take to complete a project. Their boss trusts that the work will not be sloppy or incomplete because their loyalty is outstanding. Dedication is very important to being an effective follower. A second important quality is being an independent thinker. In reference to the project example mentioned above an effective follower would be the person who would think outside the box for a solution to a problem. They do not rely on others when contemplating the options. This does not mean that they do not work well in teams. They are perfectly capable of participating in a group, but they do have the ability to work solo on an issue that might arise. It is because of this that they...
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