...Course Number: FINA 6278 - MSF Program 11 / 07 / 2012 Course title: Financial Theory and Research (Part 1 – Financial Markets and Asset Pricing) Team Member: Haotian Lin; Nan Bai; Wenyi Gu; Yibo Zang Summary Standard finance (modern portfolio theory), compared with Behavioral finance, is no longer modern: dating back to the late 1950s modern portfolio theory was developed (Statman 2008) Behavioral finance offers alternative explanation for investors and markets. Behavioral finance, which has been a controversial subject and is becoming more widely accepted, is finance from a broader social science perspective including psychology and sociology (Shiller 2003). Behavioral finance helps identify the financial market’s inefficient reaction to public information, which cannot be explained by traditional financial models with assumptions such as expected utility maximization, rational investors, and efficient markets (Ritter 2003; Statman 2008). Statman (2008) compares “normal” investors and rational investors by pointing out the difference that normal investors are reluctant to realize losses since normal investors are affected by cognitive biases and emotions. Statman also compares Behavioral Portfolio Theory and Markowitz mean-variance theory. Another comparison made by Statman is between Behavioral Asset Pricing Model (BAPM) and capital asset pricing model (CAPM), stating that the asset pricing model of standard finance is moving away from CAPM toward Fama...
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...which believes this statement not to be true, but just one person’s opinion. However, Terrie Moffitt developmental theory poises some unique insight into juvenile delinquency and how our society should address it. According to, Moffitt theories there are two types of juvenile delinquents in our society. The two type are adolescence-limited and life-course persistent juvenile offenders. This paper will examine Moffitt developmental theory and how this theory can aid our society in preventing juvenile delinquency. The majority of statistics show that across the board over 90 % of juvenile offenders are adolescence-limited. Adolescence-limited offenders are typically the average juveniles could control their antisocial urges that he or she can have stray away from a life of crime. Just like the name implies, adolescence-limited juveniles only engage in delinquent activity for shorts period usually in their teens. In Moffitt theory during these adolescent years the majority of our youth have trouble with life changing issues and responsibilities. Moffitt theory suggests that most juvenile’s primary motivation and cause for delinquent behavior during these adolescence years is to seen as adults. These juveniles will commit all types of petty crimes to obtain this status in our society despite the outcome of their rebellious actions. The majority of adolescence-limited only commit these minor crimes the attention and recognition: however, it should be noted that their crimes they...
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...CASE STUDY OF CASE STUDY OF COCACOLA KWANZA COMPANY DAR ES SALAAM TANZANIA) BY OMARI RAHA SHEDRACK Supervisor: Dr. J. Mwita A Research Proposal Submitted in Partial Fulfillment of the Requirement for the Degree of Bachelor of Human resources Management of Tumaini University Makumira-Dar es salaam College. 2015 ABSTRACT The study aims at assessing the impact of employee motivation on organization performance so as to help the organization know the contribution of motivation to them. This study will be carried out at Coca-Cola Kwanza Company limited at Dar es Salaam Tanzania. The study have the objectives of assessing various motivational packages for the staff of Coca cola Company Limited, to determine which of these motivational packages influence staff performance at Coca Cola Kwanza Company Limited, to assess the effect of motivational packages on corporate performance at Coca Cola kwanza Company limited, and to examine the motivation strategies of motivating employees The study is expected to help employers to determine whether motivation packages enhance staff performance as well as the management to strategically maximize the human resource potentials of the organization in order to increase performance or productivity so as provide important information to policy makers and human resource managers of the public and private sector to either consolidate or re-think ways of motivating their staff More over...
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..."Media And Political Polarization." Annual Review Of Political Science 16.(2013): 101-127. Academic Search Complete. Web. 29 Oct. 2014. Chouliaraki, Lilie. "Political Discourse In The News: Democratizing Responsibility Or Aestheticizing Politics?." Discourse & Society 11.3 (2000): 293. Academic Search Complete. Web. 29 Oct. 2014. Rohlinger, Deana A. "American Media And Deliberative Democratic Processes." Sociological Theory 25.2 (2007): 122-148. Academic Search Complete. Web. 29 Oct. 2014. Hallett, Stephanie L. "Truth And Fiction: A Study Of The Gender Gap In The US National Legislature." Politics 21.3 (2001): Academic Search Complete. Web. 29 Oct. 2014. Flynn, Simone I. "Issues Critique of Mass Society Theory." Social Movement Theory: Mass Society Theory. (2014): 1-6. EBSCO. Web. 19 Oct. 2014. <http://web.b.ebscohost.com/ehost/detail/>. Dean, Gregory. "Marketography." Marketography. 1 Nov. 2010. Web. 27 Oct. 2014....
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...Perspective of the UIC High School Students on the Effects of a Limited Range of Allowance on their Performance in School Introduction: Opening Statement Monetary allowance contributes to our every action. As students, its uses extend to much more than basic essentials for everyday living. It is observable that the amount of allowance the students need to comply with the demands of the school increases as their degree or level of education increases. With this, the researchers have reason to study on whether their allowance range affects their performance in school or not in their own perspective. Originally, the investment of parents in students’ allowance was expected to make them grow old independently, to develop their skills in managing their budget, to build financial literacy. However, a survey by 2000 Jump$tart in the United States of America found 52.5 %, who didn’t receive an unconditional allowance while growing up, received the highest score in financial literacy while those who received an unconditional allowance had the lowest financial literacy rate of 49.1%. This meant that those who weren’t given an unconditional allowance had more knowledge about savings, spending, and credit. The lack of understanding on the said factors could be rooted to the cause of abusiveness being practiced by the students which includes acts that are considered detrimental to the concentration of students in school like addictive gaming, foolish acquisitions, excessive purchases...
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...TOPIC: ANALYSIS OF EQUITY SHARE CAPITAL AS A SOURCE OF FINANCE IN AN ORGANISATION RESEARCH PAPERS The 2 research papers under study are 1. The effect of CEO ownership and shareholder rights on cost of equity share capital. 2. What motivates seasoned equity offerings? Evidence from the use of issue proceeds. COST OF EQUITY CAPITAL AND ITS EFFECTS TO THE MANAGEMENT Introduction This paper investigates the cost of equity capital and its effects to the management which intends to hinder shareholders right. The purpose of which is to investigate whether managerial ownership affects the associations between the shareholders rights and the cost of equity capital. There are two variables in the article which can be clearly identified. The variables are; 1) The shareholders rights and 2) The cost of the equity capital. 1) THE SHAREHOLDERS Shareholders should have the right to discipline the managers, who are the employees of the organization, in the case of the mismanagement or the improper use of the funds. The shareholders have right to demand for the success of the organization through competing aggressively in order to gain profitability. The shareholders have right to elect and remove the management from the office and also to access or evaluate the books of accounts of the organization. 2) COST OF EQUITY CAPITAL Rate of return of equity Current market price and the nominal value of equity capital CONCEPTUAL FRAMEWORK THE AGENCY PROBLEMS: THE MANAGEMENT...
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...Chris Littlejohn 04/30/2014 Ron Tamborini Effects of Mass Communication Excitation-transfer theory The excitation-transfer theory states that one stimulus will amplify the excitatory response to another response. This process is not limited to one emotion. An example would be a viewer becoming angry when a hero is killed by a villain, and then having a larger pleasure when the villain is killed. The first stimulus response was anger when the hero died, and the second was pleasure when the villain died. For this to work the second stimulus needs to occur before the decay of the first stimulus or else there will not be as much pleasure in seeing the villain die. Although excitation-transfer theory was based heavily on psychology, psychophysiology, and biochemistry, it has been often applied to effects of studies in the field of communication. There has been much concern over violence in media and excitation-transfer theory has become one of the most dominant theoretical underpinnings for predicting, testing, and explaining the effects of such media. This is because communication-produced excitation may intensify post exposure emotional states and this transfer is not limited to face to face communication. This is why excitation-transfer theory has become very important especially for media producers. Media producers can see if there content has an impact on kids and if it does they can change the rating of their content or change some of it up because they...
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...Thesis Organization This thesis will be organized into five chapters; the first chapter will cover the introduction and the background about the issue to be studied. This chapter covers the research problem, questions and the hypothesis to be tested and also the justification for conducting the study. The second chapter will provide a literature review on wage rate determination issues globally and in Zimbabwe. This chapter provides an overview of wage determination. Determination of wage rates is reviewed bringing into attention some of the factors that contribute to determination of wages. Review of the importance of wage determination is also done. Empirical tools commonly used in assessing wage determination are finally reviewed. The third chapter will provide an outline of the methodology used in the study. A conceptual framework will be developed in order to identify possible variables for the study. Tools of analysis are also discussed in this chapter. The relevance of the hypothesis is also tested in this chapter. Chapter four analyzes the determinants of wages. Econometric techniques will be used in this chapter. Chapter five provides a conclusion and possible policy recommendations for the empirical findings of the study. A summary of results is presented first before recommendations. Chapter one Background of the study There is extensive literature that demonstrates important wage differences across workers exist...
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...the fact that internal integration and external integration together improve product innovations and exploitative innovations have a positive effect on explorative innovations, there are no comprehensive empirical evidence or theoretical explanation to show or support this argument (Lau et al., 2010). The research presented on this presentation will critically evaluate and explain how internal integration and external integration both individually and together affect product innovation. When separated, the individual effects of internal integration and external integration can be explained by information processing theory and relational view theory. However, for the combined effects of internal integration and external integration, we have to refer to the ambidexterity theory from the field of organizational studies as ambidextrous firms are found to benefit both the exploitation of existing resources as well as the exploration of new resources and they are additionally known to be more relatively innovative. This research will offer three main contributions, the first contribution is to provide new theoretical explanations to both the combined and individual effects of internal integration and external integration on product innovation. The second contribution comes from the novel approach we used to conceptualize the combined effects of internal integration and external integration on product innovation. This...
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...on individuals. Instead, psychologists use the conceptions of personality that can apply to everyone. Personality research has led to the development of a number of theories that help explain how and why certain personality traits develop. There are many different theories of personality; the first step is to understand exactly what is meant by the term personality. A brief definition would be that personality is made up of the characteristic patterns of thoughts, feelings and behaviors that make a person unique. In addition to this, personality arises from within the individual and remains fairly consistent throughout life. Some of the fundamental characteristics of personality include: * Consistency- Essentially, people act in the same ways or similar ways in a variety of situations. * Psychological and physiological - Personality is a psychological construct, but research suggests that it is also influenced by biological processes and needs. * Impact behaviors and actions - Personality does not just influence how we move and respond in our environment; it also causes us to act in certain ways. * Multiple expressions - Personality is displayed in more than just behavior. It can also be seen in our thoughts, feelings, close relationships and other social interactions. There are a number of different theories about...
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...Most of the research findings should be considered in the context of several limitations. First, there are issues with the methodology and the internal validity of the results. The correlational nature of the study design cannot affirm a final interpretation about the cause-and-effect. For example, it is not possible to establish the order of the objectification theory variables that include appearance surveillance, body shame, body anxiety and eating disorders (Slater & Tiggemann 2010). Similarly, according to Holland & Tiggemann, (2016) correlational findings about the relationship between social media usage, body satisfaction, and disordered eating are almost difficult to draw. Also, high social media exposure could influence thin-internalization,...
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...Psychological theory The issue of human violence is also a major topic within the academic discipline of psychology. As biosocial theorists do, psychologists focus on how individual characteristics may interact with the social environment to produce a violent event. However, rather than focus on the biological basis of crime, psychologists focus on how mental processes impact individual propensities for violence. Psychologists are often interested in the association between learning, intelligence, and personality and aggressive behaviour. In this section of the report, we briefly review some of the major psychological perspectives that have attempted to explain violent behaviour. These perspectives include the psychodynamic perspective, behavioural theory, cognitive theory and personality theory. We will also explore the possible relationship between mental illness and violence. Social learning theory Social learning theory is a theory that attempts to explain socialization and its effect of the development of the self. There are many different theories that explain how people become socialized, including psychoanalytic theory, functionalism, conflict theory, and symbolic interaction theory. Social learning theory, like these others, looks at the individual learning process, the formation of self, and the influence of society in socializing individuals. Social control theory gained prominence during the 1960s as sociologists sought differing conceptions of crime. It...
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...Unit 12: Crime and its Effects on Society Unit code: Y/600/6030 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to give learners a knowledge of current UK crime and disorder legislation and the sentences and orders available to the criminal justice agencies. Learners will also develop knowledge of the effects of criminal behaviour on communities and an understanding of how society works to reduce crime, disorder and antisocial behaviour and to support the victims and witnesses of crime. Unit introduction This unit introduces learners to the legal framework that exists to prevent crime and deal with offenders. They will look at the powers of the courts, including the orders and sentences that the courts can impose. They will look at the theories of the causes of criminal behaviour and other contributory factors that may lead to criminality and antisocial behaviour, for example socio-economic and environmental influences, lack of education and negative family influences. Learners will explore the problems resulting from criminal activity and antisocial behaviour. They will explore the costs of crime, to local authorities, the community and individuals. Learners will also investigate the ‘fear of crime’ and how this manifests itself in both individuals and communities and the impact this can have on quality of life. Learners will learn how their local police proactively tackle crime using problem-solving models...
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...response. The candidate provides limited articulation of response. The candidate provides adequate articulation of response. The candidate provides substantial articulation of response. A1. Description of the Organization The candidate does not provide a reasonable description of the organization and its objective(s). The candidate provides a reasonable description, with no detail, of the organization and its objective(s). The candidate provides a reasonable description, with limited detail, of the organization and its objective(s). The candidate provides a reasonable description, with adequate detail, of the organization and its objective(s). The candidate provides a reasonable description, with substantial detail, of the organization and its objective(s). A2. Leadership Practices The candidate does not provide a reasonable description of 3 leadership practices of the primary leader of the organization. The candidate provides a reasonable description of 1–2 leadership practices of the primary leader of the organization. The candidate provides a reasonable description, with limited detail, of 3 leadership practices of the primary leader of the organization. The candidate provides a reasonable description, with adequate detail, of 3 leadership practices of the primary leader of the organization. The candidate provides a reasonable description, with substantial detail, of 3 leadership practices of the primary leader of the organization. A3. Effects of Current Leadership The...
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...the fact that internal integration and external integration together improve product innovations and exploitative innovations have a positive effect on explorative innovations, there are no comprehensive empirical evidence or theoretical explanation to show or support this argument (Lau et al., 2010). The research presented on this presentation will critically evaluate and explain how internal integration and external integration both individually and together affect product innovation. When separated, the individual effects of internal integration and external integration can be explained by information processing theory and relational view theory. However, for the combined effects of internal integration and external integration, we have to refer to the ambidexterity theory from the field of organizational studies as ambidextrous firms are found to benefit both the exploitation of existing resources as well as the exploration of new resources and they are additionally known to be more relatively innovative. This research will offer three main contributions, the first contribution is to provide new theoretical explanations to both the combined and individual effects of internal integration and external integration on product innovation. The second contribution comes from the novel approach we used to conceptualize the combined effects of internal integration and external integration on product innovation. This...
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