1. What is capital-market efficiency? What are its implications for investment performance in general? What are the implications for fund managers‚ if the market exhibits characteristics of strong‚ semi-strong‚ or weak efficiency? Capital-market efficiency evolved from the PhD in the 1960s dissertation by Eugene Fama. The Efficient Market Hypothesis‚ states that at any given time and in a liquid market‚ the prices of securities fully reflect all the available information. EMH exists to varying degrees
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Merriam-Webster online dictionary (2011) defines capital punishment as punishment by death for a crime. There are many factors that go into the process of capital punishment and it must start with a crime followed by an arrest‚ trial‚ conviction‚ appeals process and ultimately the execution of the individual. Through the many stages of the process there numerous individuals who are affected‚ including the criminal and their family‚ the victim and their family‚ jury‚ judge‚ witnesses and administrators
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The purpose of the male lion’s mane has long perplexed biologists. Because female lions roam in groups of three or four‚ and allow only one male to reside with them‚ competition between males is fierce. Rival males often fight to the death-with their enormous teeth and claws-to gain coveted access to a pride. This led many biologists - including Charles Darwin - to assume that the function of the thick manes was to make it harder for attackers to reach the vulnerable throat area. But over the years
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enough to change their perspective on life. However for others‚ it may take an experience like falling in love or experiencing a death of a loved one in order for the individual to be enlightened to a new way of looking at things. In the Skin of a Lion by Michael Ondaatje shows Patrick as he goes from being blind to the realities of life to being enlightened to many things after he finds unconditional love. In many ways Patrick was like the blind iguana given to him by Clara. An iguana is best
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CHAPTER 1 The Basic Theory of Human Capital 1. General Issues One of the most important ideas in labor economics is to think of the set of marketable skills of workers as a form of capital in which workers make a variety of investments. This perspective is important in understanding both investment incentives‚ and the structure of wages and earnings. Loosely speaking‚ human capital corresponds to any stock of knowledge or characteristics the worker has (either innate or acquired) that contributes
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clear opinion. It is considered to be the punishment of execution‚ administered to someone convicted of a capital crime. Many people support the death penalty‚ while others wish for the death penalty to be abolished. My personal opinion on the death penalty is that it should be administered only in cases of certain crimes such as: serial murder‚ serial rape‚ and terrorism. Groups that support the death penalty often say that it deters criminals from committing future crimes like murders
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SWOT analysis is regarding Lion Nathan China Brewing Company and their competitive advantage in their business. The major issue in this case is analyzing the company ’s background and reasons for expanding into China while trying to forecast an appropriate managerial decision regarding the company ’s future. There are many sources of information we can use to inform us of the past decisions made and good data that can be used to make predictions about the future. This case analysis will take a careful
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Klaus-Ulrich Feiler‚ Klaus Fuest‚ Dr. Marcus Steiner Amsterdam Bahrain Barcelona Beijing Berlin Brussels Bucharest Budapest Casablanca Chicago Detroit Düsseldorf Frankfurt Gothenburg Hamburg Hong Kong Istanbul Kyiv Lisbon London Madrid Milan Moscow Munich New York Paris Prague Riga Rome São Paulo Shanghai Singapore Stockholm Stuttgart Tokyo Vienna Warsaw Zagreb Zurich © Roland Berger Strategy Consultants 03/2011‚ all rights reserved www.rolandberger.com
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Capital punishment became a controversial issue lately‚ and it is a big debate in the world. The debate of capital punishment has two sides: the people who argue in favour of capital punishment and the people who argue against capital punishment. The most compelling arguments against capital punishment can be made on the basis of it doesn’t reduce crime‚ risks executions of innocent people‚ inflicted disproportionately on the poor and targeting people of colour (racist)‚ persons who commit vicious
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then‚ what is capital punishment? In its simplest form‚ capital punishment is defined as one person taking the life of another. Coincidentally‚ that is the definition of murder. There are 36 states with the death penalty‚ and they must change. These states need to abolish it on the grounds that it carries a dangerous risk of punishing the innocent‚ is unethical and barbaric‚ and is an ineffective deterrent of crime versus the alternative of life in prison without parole. Capital punishment is
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