ESTIMATING THE RISK PREMIUM USING HISTORICAL DATA: A CASE OF THE NSE Introduction This study seeks to estimate the risk premium of a company using historical data. Analysts use historical data to estimate the risk premium of a company’s equity. This is because the historical data is readily available from the company’s financial statements and the securities exchanges for example the Nairobi Stock Exchange (NSE) in Kenya. Historical market data can be used to compute average returns and a measure
Premium Risk Financial markets Investment
sovereign nation operates a federal system of government i.e the federal government‚ state government and the local government councils. Onwo (1992) Observed that each level of the three tiers of government derive its powers not from the magnanimity of the central government but from the constitution; each level of government has defined responsibilities assigned to it by the constitution. The implication of this is that the three segments of governments are mutually interrelated in a unified effort
Premium Local government Government
___________________________ On the Economics of Regional Powers: Comparing China‚ India‚ Brazil‚ and South Africa Robert Kappel No 145 www.giga-hamburg.de/workingpapers September 2010 GIGA Working Papers serve to disseminate the research results of work in progress prior to publicaton to encourage the exchange of ideas and academic debate. Inclusion of a paper in the Working Papers series does not constitute publication and should not limit publication in any other venue. Copyright
Free Economics
Expenditures‚ Revenues‚ and Budgets Expenditures‚ Revenues‚ and Budgets AJS 532 Expenditures‚ Revenue‚ and Budgets Budgeting is an important subfield of public administration (Tyer & Willand‚ 1997). A budget system balances expenditures and revenues (Smith & Lynch‚ 2004). In public budgeting‚ revenues are funded by sources. These such sources are fees and special assessment‚ lotteries‚ and public‚ and other miscellaneous revenue. Another important factor of budgeting
Premium Public finance Revenue Decision making
On 14 April 2011‚ South African President Jacob Zuma participated in the third annual summit of the BRICs after the letter ‘S’ was added to the term BRIC and South Africa was made a full member of the group. The formation of this group occurred around eleven years ago‚ when economist Jim O’Neill of Goldman Sachs coined the acronym ‘BRIC’ to group together four of the fast-rising economies of the world – Brazil‚ Russia‚ India and China. When the alliance was formed in 2001‚ along with many other economic
Premium Goldman Sachs Africa India
Photo-Narrative Reflective Essay South Africa: Before and After Apartheid INTL 488 Prepared by: Frank S. Monte Date Due: July 18‚ 2013 Race‚ for South Africans‚ includes ones skin tone. Dark skin means ‘true’ African roots‚ milano colored skin are generally a mix of black African and white European‚ or could be Indian or middle-Eastern decent
Free Nelson Mandela South Africa Africa
UKNZN‚ SCHOOL OF MIG- DISCIPLINE OF MAKERTING AND SUPPLY CHAIN SCMA 305 2013 CASE STUDY GUIDE ANSWERING CASE STUDIES The following problems that have prevented companies to be successful are as follows: 1. The inability to recognize important problems; 2. Difficulty in formulating the main problem; 3. The inability to actually visualize or understand the situation; 4. The inability to communicate with other managers and decision makers; 5. A lack of experience of working with "messy"
Premium Problem solving Qualitative research Case study
JZC series concrete mixers also named Drum Concrete Mixer. They are portable concrete mixers in work site. JZC series cement mixers are applicable to the small construction project concrete mixer‚ used for the variety of concrete production portable concrete mixer‚ mortar and grout.Henan Daswell Machinery Co.‚ Ltd‚is a professional manufacturer and trader specializing in the research‚ development and production of construction machinery for nearly 30 years. Our main products are as follows:block
Premium Concrete Mix Construction
Pacific-Basin Finance Journal 23 (2013) 1–24 Contents lists available at SciVerse ScienceDirect Pacific-Basin Finance Journal journal homepage: www.elsevier.com/locate/pacfin The role of the audit committee and the informativeness of accounting earnings in East Asia Tracie Woidtke a‚ Yin-Hua Yeh b‚⁎ a b Department of Finance‚ Corporate Governance Center‚ University of Tennessee‚ United States Graduate Institute of Finance‚ National Chiao Tung University‚ 1001 Ta-Hsueh Rd.‚ Hsinchu
Premium Corporate governance
1) How does the Danimal project shed light on and the challenges to manage the base of the pyramid? The Danimal project shed light on the business management to the BOP market especially in terms of innovation. They introduced many procedures to manage the BOP business. I state that the most important one is the introduction of new distribution channel‚ Danimamas and Daniladies. Since Danone should SA make profits and the main target of Danimal were low-income people‚ Danone avoided the distribution
Premium Management Marketing