and a bank which provides risk sharing among demand depositors. In the first essay, I propose a dynamic model of corporate earnings management in which investors have different expectations schemes. I find that while earnings management may exist when investors have rational expectations or misspecified Bayesian beliefs, it disappears in the long run of an adaptive learning process. The model also offers ample predictions on the time-series properties of asset prices and return predictabilities.
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by Sanchai Khammaha (5849102) STRATEGIC MARKETING MANAGEMENT (MGMG 508) Marketing Basics The Marketing Frame Work Customers SITUATION ANALYSIS (5Cs) Company Competitors Collaborators CREATING VALUE (STP) Targeting Segmentation Product Climate Positioning CAPTURING VALUE (4Ps) Place Price Promotion SUSTAINING VALUE (CRM) Customer Acquisition Custormer Retention PROFIT Situation Analysis (5Cs) Analyze market situation → Consider internal and external
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Managing Customers Categories in the Restaurant Market When one talks about managing customers they should consider the categories of the market. There are three categories within the market captive, mass and status market. But what are these. Let me begin by talking about Captive Market, according to the (Business dictionary.com, 2013) it is those Customers who are constrained to purchase from a particular supplier or seller or according to (The Law Dictionary, 2013) it refers to markets
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Comcast’s plan for positioning of the new service and differentiation strategies. The “Pick Your Channel” service needs to be positioned in the market so that consumers recognize the need and value it fulfills. The marketing team also introduces the pricing strategy for the new service. The new service is not intended for every consumer, so the team needs to keep the target market in mind when setting a price. The marketing team further explains these issues concerning the “Pick Your Channel” service
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given the following two equations: E(Ri ) = Rf + (E(RM ) − Rf )βi E(RM ) − Rf E(Rp ) = Rf + σp σM (1) (2) You also have the following information: E(RM ) = .15, Rf = .06, σM = .15. Answer the following questions, assuming that the capital asset pricing model is correct: (a) Which equation would you use to determine the expected return on an individual security with a standard deviation of returns =.5 and a β = 2? Given the parameters above, what is the expected return for that security? (b) Which equation
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Stock Analysis – Cisco Systems Timothy L. Miller FI560 Securities Analysis Miriam Benard December 11, 2011 Abstract The purpose of this paper is to make a buy or sell recommendation for Cisco Systems stock based on technical and fundamental analysis. The technical analysis consists of analysis of the following; * Return on Equity (ROE) * The company’s projected future growth of earnings * Analysis of its required rate of return using the CAPM measurement * The company’s
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low-quality, succeed in the more-developed countries like the US where lots of giants are already occupying a significant amount of market share. For the case of “Responding to the Wii”, the most important takeaway is the concept of two-sided model and its pricing strategy. First, the presentation makes me realize that there are quite a number of real life examples belonging to the two-sided market like operating system, recruiting sites etc because there is an indirect network effect in which the increase
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effectively set individual price, movie industries may need to identify the customers according to some easily identified features e.g. income, age, sex or occupation. The internet offers the possibility to individualize each consumer to formulate tailored pricing based on consumer consumption and characteristics.
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portfolios with low betas. On the other hand, if the investor is out for risk with higher returns, they should focus on investments with high betas. Advantages Beta has a couple of advantages especially in the role that it plays in Capital Asset Pricing Model assessment of risk. It is easy to work with beta since it gives a clear and quantifiable measure. As a result of its efficiency, it is commonly used in calculation of cost of equity during valuation and discounting cash flows. Disadvantages
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setting its pricing policy. Following are the six steps in the process: STEP 1: Selecting the Pricing Objective The company first decides where it wants to position its market offering. The clearer a firm’s objectives, the easier it is to set price. Pricing objectives are goals that describe what an organization wants to achieve through pricing efforts. Developing pricing objectives is an important task because pricing objectives form the basis for decisions about other stages of pricing. A marketer
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