Journal of Financial Economics 49 (1998) 283—306 Market efficiency, long-term returns, and behavioral finance Eugene F. Fama* Graduate School of Business, University of Chicago, Chicago, IL 60637, USA Received 17 March 1997; received in revised form 3 October 1997 Abstract Market efficiency survives the challenge from the literature on long-term return anomalies. Consistent with the market efficiency hypothesis that the anomalies are chance results, apparent overreaction to information is about
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Red Bull Beau Stough ECO/372 28 September 2015 Kevin McKinley Red Bull With the world becoming ever so small with the advancements in technology, it has become much easier for companies both large and small to reach the consumer at home and abroad. Red Bull is one of the companies that has seen massive growth within the last 30 years and continues to show growth each year. Red Bull is an Austrian based business developed and founded by Dietrich Mateschitz in the mid-1980s
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second is probably much the more important. This reinterpretation puts considerably more of the blame for African poverty on the Western great powers than does the “poverty trap” analytic that is a common contemporary way of thinking about the African economic situation. INTRODUCTION This essay, which really is an essay rather than a sustained scholarly encounter with the problem, proposes an alternative to the “poverty trap” analytic for understanding extreme poverty in sub-Saharan Africa. The poverty-trap
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Caribbean Context by Marina Karides, Florida Atlantic University An economic leader in the Caribbean, the Republic of Trinidad and Tobago has incorporated micro-business development as one of its main strategies to alleviate poverty and unemployment and to spawn economic growth since the late 1980s (ILO 1991, 1998, Ministry of Finance 1996). Although the discovery of natural gas in the early nineties catapulted Trinidad’s economic growth rate to four percent per annum, unemployment and poverty continue
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national economy based on economic democracy in order to achieve the objective of having a state; b. that, pursuant to mandate written in the Decision of the People Consultative Assembly of the Republic of Indonesia Number: XVI/MPR/1998 concerning Political Economic in the framework of Economic Democracy, investment policy should properly be -2- based on people economy by involving the development of micro, small and medium-sized enterprises
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companies are rushing to pick it up. But are local businesses even in this race? In today’s market, 90% of people research products and companies before visiting the store in person, and 56% of people purchase products online. This means that you as a small business owner have to have an online presence, or you are just leaving money on the table. eCommerce tools and strategies are no longer reserved for giant vendors from out of town. Thanks to the introduction of social commerce, person-to-person
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human need where people find very difficult to live without that. This means any person is ready to buy these products at any price since they did not have a choice. So, these products are inelastic product where a change in price will have a very small or sometime no effect on quantity demanded. On the other hand, perfumes, hair-styles, cell-phones and household appliances are products which have lots of substitutes available in the market. This means at any time consumers can choose between these
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MEASURE OF ECONOMIC WELFARE (MEW): HISTORICAL DEVELOPMENT OF MEW: In 1960’s, there started a widespread interrogation on the standard of living, traditional ethics and customs, and the ‘consumption oriented society’ in particular. In this general phase of rebellion allied with ancient and eroded institutions, morals and customs, and economic growth as evaluated by GDP became the center of objection and denial. Some critics claimed that economic growth may no longer be considered necessary as it
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illustrated in the table beneath. Greek Culture Roman Culture Government Aristocrats once ruled the Greeks. After a number of years of war, the Democracy was presented and effective. Political, philosophical, and literary held great concerns. (Economic History, 2010) The Roman government is an uncompromising version of the Greeks. From the Monarchy there is a civilization change, holding the military and political control was the Aristocratic republic. “Executive, legislative and the judicial
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Trade openness, Foreign Direct Investment in Southeast Asia 1 Introduction Over the last three decades, foreign direct investment (FDI) inflows have provided strong impetus for economic development across countries. FDI serves as an important source of supply funds for domestic investment thus, promoting capital formation in the host country (Omisakin et al.2009). DI inflows can assist an economy by giving opportunities orameliorating the level of service sector (i.e telecommunications, banking and finance
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