¡§Economic Theory Suggests that Markets are Efficient and Security Prices are Determined on the Basis of Fundamental Value¡¨ Market efficiency requires that security prices react immediately in an unbiased way to the receipt of new information (Robert Shiller S1998). In other words‚ an efficient capital market is one in which stock prices fully reflect available information. In addition‚ there are three conditions for market efficiency; information flows freely‚ market is composed of rational
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EXPRESS RAIL LINK SDN BHD (ERLSB) COMPANY BACKGROUND History Express Rail Link Sdn Bhd (ERLSB) has been awarded the concession on 25 August 1997 to finance‚ design‚ construct‚ operate and maintain the KLIA Ekspres and KLIA Transit and other ancillary activities related to railway services from 30 years. ERLSB’s shareholders are YTL Corporation Berhad‚ Lembaga Tabung Haji Bhd and Trisilco Equity Sdn Bhd with 50%‚ 40% and 10% shareholding respectively. The KLIA Ekspres which commenced operation
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Energy Education Science and Technology Part A: Energy Science and Research 2012 Volume (issues) 29(2): 913-946 Passive cooling methods for energy efficient buildings with and without thermal energy storage – A review N. B. Geetha‚ R. Velraj* Anna University‚ Institute for Energy Studies‚ College of Engineering‚ Chennai‚ India. Contents 1. Introduction ……………………………………………………………………..914-915 2. Solar and heat protection techniques (Reduce heat gains)……………………...915-919 2.1. Microclimate………………………………………………………………
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The main purpose of efficient business communications is to generate a positive‚ reliable and consistent reputation with customers‚ employees and other businesses. Efficient business communication promotes confidence in the company so that people are able to trust the company. Businesses are crossing national boundaries to compete on a global scale today. That’s why efficient business communication is important nowadays. To be successful‚ businesses need to develop efficient ways of communications
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Zero Energy Buildings built in Hot & Dry Climates using Vernacular Energy Efficient Techniques Dipal Gudhka* # VII semester B.Arch. Faculty of Architecture + Manipal University‚ Manipal (India) 2. I. INTRODUCTION Marszal says in her thesis that ‘it is difficult to find a building which can be named as the first zero energy building. one of the reasons could be that ZEB is not a new concept for a building‚ it is just a modern name for buildings‚ from times before district heating
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The Effectiveness of using Garlic (Allium sativum linn) as a safe and efficient liquid mosquito repellent Proponents: Camba‚ John Joel D. Concha‚ Christopher Bryan A. De Guzman‚ John Adrian F. Mrs. Arlen Gatpo September 2011 Chapter One The Research and it’s Study | Introduction: Urban places were visualized in a modernized and civilized setting. At present‚ urban places are populated because people from rural places migrate to
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E-commerce is an outcome of globalization and technology outbreak of 21st century. Increasingly‚ more products and services are sold over Internet; hence‚ there is a growing need for a combination of legislation and technical solutions to globally secure customer privacy. Credit card fraud is one of the crimes especially when it is used for web-based transaction. In this paper‚ a technical solution using Iris authentication technique is proposed for protecting identity theft in
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Integrated Supply Chain Solutions May 2008 Reverse Logistics* How to realise an agile and efficient reverse chain within the Consumer Electronics industry *connectedthinking 4 PricewaterhouseCoopers Foreword Welcome to PricewaterhouseCoopers’ first Reverse Logistics report in the Consumer Electronic industry. This report is designed to help companies in the Consumer Electronics industry to better explore‚ understand and share the ideas about today’s pressing business and strategic
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RoAd acciDEnTS iN MaLaysia Wednesday‚ March 16‚ 2011 Conclusion... Road accident in Malaysia is increasing every year and is dangerous to all people. In this situation all people must realize and give more attention to decrease the rate of road accident. At the same time‚ all people must cooperation with authorities like police to settle this problem. As we know many factors that cause this problem and the main factor is from human. After that the causes are road condition from poor‚ climate and
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From the Efficient Market Hypothesis to Behavioral Finance How Investors’ Psychology Changes the Vision of Financial Markets by ADAM SZYSZKA Poznan University of Economics Poland adam.szyszka@ae.poznan.pl I. Introduction The efficient market hypothesis (EMH) has been the key proposition of traditional (neoclassical) finance for almost forty years. In his classic paper‚ Fama (1970) defined an efficient market as one in which “security prices always fully reflect the available information”
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