(2001) 105–231 Capital markets research in accounting$ S.P. Kothari* Sloan School of Management‚ Massachusetts Institute of Technology‚ Cambridge‚ MA 02142‚ USA Received 22 November 1999; received in revised form 8 March 2001 Abstract I review empirical research on the relation between capital markets and financial statements. The principal sources of demand for capital markets research in accounting are fundamental analysis and valuation‚ tests of market efficiency‚ and the role of accounting
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and Finance Vol. 2‚ No. 2; May 2010 Efficient Market Hypothesis and Market Anomaly: Evidence from Day-of-the Week Effect of Malaysian Exchange Nik Maheran Nik Muhammad & Nik Muhd Naziman Abd. Rahman Faculty of Business Management‚ Universiti Teknologi Mara‚ Kelantan Kampus Kota Bharu‚ 15150‚ Kota Bharu‚ Kelantan Malaysia Tel: 60-12-966-5402 E-mail: nmaheran@kelantan.uitm.edu.my Abstract The movements of prices in the stock market are among a few phenomena that have cut across the
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free market v. Command Economies Theoretical Economic Systems Basically‚ there are only three systems. At one extreme we have the free market economy where there is a very limited role for the government. At the other end we have the command economy‚ where the government takes virtually total control. As with market structures (with perfect competition and monopoly)‚ these two extremes are highly unrealistic. Just about every economy in the world is a mix of the two‚ and is‚ therefore‚ called
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Introduction The purpose of this report is to prepare market analysis of Operating Systems for Smartphones. Over the last decade‚ mobile phones have become one of the major means of communicating both voice and data. Today‚ mobile phone is virtually a social necessity for most of us. Increase in computing power of mobile phones‚ improved bandwidth of wireless technologies‚ and internet technology have led to the introduction of Smartphone which provides greater levels of intelligence to its users
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Indian Capital Markets Since 2003‚ Indian capital markets have been receiving global attention‚ especially from sound investors‚ due to the improving macroeconomic fundamentals. The presence of a great pool of skilled labour and the rapid integration with the world economy increased India’s global competitiveness. No wonder‚ the global ratings agencies Moody’s and Fitch have awarded India with investment grade ratings‚ indicating comparatively lower sovereign risks. The Securities and Exchange
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Market Failure Market failure occurs when the market system is unable to achieve an efficient allocation of resources Positive Externalities Definition of Positive Externality. This occurs when the consumption or production of a good causes a benefit to a third party. •For example‚ when you consume education you get a private benefit. But there are also benefits to the rest of society. E.g you are able to educate other people and therefore they benefit as a result of your education. A farmer
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The Repo Market Background The repo market – from “sale and repurchase” agreement – was introduced by the US Federal Reserve in 1918 as the main tool of the Federal Reserve’s Money Market Operations. Repos were used to drain liquidity from the US banking system and to add liquidity as required. The size of the Repo Market: Gross amounts outstanding at year end 2007 of roughly $10 trillion (double counting of repos and reverse repos) in the US (70% of US GDP) and €6 trillion in the Euro Repo
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Business Markets versus Consumer Markets B2B marketing is different from consumer goods marketingB2B marketing is different from consumer marketing. B2B marketing is different from consumer marketing. The most important areas of differences are: market structure‚ products‚ buyer behaviour‚ demand‚ distribution channels‚ prices and communication. These differences affect marketing processes in a critical way. Market structure B2B markets are more segmented than consumer markets. That means fewer
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Achievement Standard 91402 Credits 5 Demonstrate understanding of Government Interventions to correct Market failures “The Issue of Obesity in New Zealand.” AGENDA A. What is obesity? B. The issue of obesity in New Zealand C. The obesity issue vs Market Failure D. Government interventions to correct the Market failure. E. Conclusion F. Conferences PART
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1 Revision Notes – Competitive Markets and How They Work What is a ‘Competitive Market’? • In the previous chapter‚ the market economy was one of the three main types of economic system • The market economy tries to resolve the economic problem via demand and supply‚ through the price mechanism • But how do markets work? And how does it allocate scarce resources in relation to our infinite wants • There are many examples of markets‚ but each has the same basic characteristics:
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