MODELLING ABNORMAL RETURN: A REVIEW ARTICLE Oleh Norman Strong Overview Paper ini memberikan panduan untuk metodologi event study dan menguraikan prosedur pemodelan return abnormal dan masalah yang terkait. Event Study Event study adalah nama yang diberikan pada penelitian empiris atas hubungan antara harga sekuritas dengan kejadian ekonomi (economic events). Kebanyakan event study memfokuskan pada perilaku harga saham dalam rangka untuk menguji apakah perilaku stokastik mereka dipengaruhi oleh pengungkapan
Premium
Returns to Scale Returns to scale is a concept that tries to explain the behaviour of the output in relation to the change in the total scale of operations of the firm. A change of scale of operations means a change in the total size of the firm‚ i.e. a change in both labour and capital of the firm. For determining the returns to scale‚ we need to calculate the Output Elasticity where: Output Elasticity = % change in Output/% change in all inputs The different types of returns to scales
Premium Microeconomics Function
Return Policies Cabela’s If you are not satisfied with your purchase‚ Cabela’s will refund or exchange the item within 90 days of purchase with exceptions on some items. If you have your reciept and its within the 90 days you will be refunded the original sales price‚ plus sales tax‚ in the original payment method. If you do not have your reciept you will be refunded at the lowest sales price plus sales tax. All items without a reciept will be exchanged for the same product or credited to a
Premium Receipt Tax refund Louisiana Purchase
Conclusion 7 1. Introduction An investment is an exposure of cash that has the objective of producing cash inflows in the future. The worthiness of an investment is measured by how much cash the investment is expected to generate. The analysis of Return on Investment (ROI) is a financial forecasting tool that assists the business manager in evaluating whether a proposed investment opportunity is worthwhile within the context of the company’s business objectives and financial constraints. The investments
Premium Rate of return Investment Profit
The documentary Return to the Wild debates the two very different argued reasons of why Chris McCandless went into the wild. The writers choose to uncover the dark secrets of the McCandless family and to reveal the truth as to why Chris travelled into the Alaskan wilderness. The documentary adopts an intense tone in the beginning that shifts to a more light hearted attitude throughout the second half of the film using symbolism‚ cinematography‚ audio‚ and various interviews in order to explain to
Premium Into the Wild Wilderness Jon Krakauer
portfolio beta of .90? a. $0 b. $268 c. $482 d. $543 e. $600 EXPECTED RETURN c 60. You recently purchased a stock that is expected to earn 12 percent in a booming economy‚ 8 percent in a normal economy and lose 5 percent in a recessionary economy. There is a 15 percent probability of a boom‚ a 75 percent chance of a normal economy‚ and a 10 percent chance of a recession. What is your expected rate of return on this stock? a. 5.00 percent b. 6.45 percent c. 7.30
Premium Investment Rate of return Probability theory
line of returns for Asset B is steeper (has greater slope) than Asset A The slopes of these lines are the betas for each asset: 2.61 for Asset B and 1.48 for Asset A. The greater beta value of Asset B signifies that it is more responsive to market factors and therefore makes it more risky than Asset A. P8-20 Interpreting Beta a. A 15% increase in market return would lead to an 18% (15% x 1.20) increase in the asset’s return. b. An 8% decrease in market return would lead
Premium
ch10 Student: ___________________________________________________________________________ 1. The capital gains yield plus the dividend yield on a security is called the: A. geometric return. B. average period return. C. current yield. D. total return. 2. The expected return on a security in the market context is: A. a negative function of execs security risk. B. a positive function of the beta. C. a negative function of the beta. D. a positive function of the excess security
Premium Rate of return Arithmetic mean Risk
Thomas Hardy’s novels are all set in Wessex which is a quasi-mythical region in southern and south-west England. The native community of this area was of particular interest to Hardy‚ and in The Return of the Native this community plays a greater role than it does in other works by Hardy. In The Return of the Native‚ the significance of the rustic characters is not limited to providing mere background scenery or local colour. Instead‚ these characters fulfill various important functions such as commenting
Premium Thomas Hardy
Overview The Risk - Return Relationship Another fundamental relationship in the study of finance is the relationship between expected return and the expected level of associated risk. The nature of the relationship is that as the level of expected risk increases‚ the level of expected return also increases. The opposite is true as well. Lower levels of expected risk are associated with lower expected returns. This RISK-RETURN RELATIONSHIP is characterized as being a direct relationship
Premium Risk Investment