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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serious challenge to governments in Nigeria. Its effects‚ which include lack and deprivation in the basic necessities of life‚ are worrisome. Apart from inducing lack of certain capabilities‚ such as that of being able to participate with dignity in societal endeavours‚ poverty has earned recognition due to its damaging effects on the affairs of humanity at the local‚ national and international levels. Indeed‚ poverty is a snare. Among the committee of nations‚ Nigeria has been described as poor. Even
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CHAPTER ONE INTRODUCTION This project focuses on the poverty profile in Nigeria‚ the foreign aids given to the nation to help alleviate poverty and how it affects the economic development of Nigeria. According to the World Bank website‚ “poverty is hunger. It is lack of shelter. Poverty is being sick and not being able to see a doctor. It is not being able to go to school‚ not knowing how to read‚ and not being able to speak properly. Poverty is not having a job‚ and is fear for the future‚ and
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Financial market performs many functions and fulfils many roles in Australia and other countries. These are the roles played by financial market: Mobilising funds by gathering and moving money from the surplus units who have surplus funds‚ to the deficit units who need to borrow money. Funds are channeled to businesses that need it to pay for operating expenses or purpose of consumption or investment. (Beal 2007‚ p. 61) Commercial activities and transactions are efficient because financial market
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major participants of money market describe the role they play in maintaining liquidity in the money market? ’Money Market Involves a sector of the financial market where financial instruments with a high level of liquidity and very short maturities periods are traded. The money market is used by members as a means of borrowing and lending money for a short period of time‚ which may involve several days to just under a year. Financial instruments traded on the money market consist of bankers acceptances
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The Role of Financial Institutions in Financial Markets and Financial Crises 1. The Financial Market and The Recent Financial Crisis 1 2. Financial Institutions 3 2.1 Types of Financial Institutions 3 2.2 The Role of Financial Institutions in the Financial Markets 4 2.3 The Role of Financial Institutions in the Financial Crisis 6 3. Conclusion 7 1. Financial Market and Financial Crisis Technology‚ globalization‚ competition
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Contents 1. 2. Introduction .......................................................................................................................... 1 What’s Industrial and Organisational Psychology? ............................................................... 2 2.1 2.2 3. What do IO psychologists actually do? .......................................................................... 4 What makes IO psychologists so special?..................................................................
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In 1901‚ Nigeria officially became a British dominion. This became the downfall of the beautiful country. It is imperative to learn about this in order to understand why Nigeria is in the state that it is. We need to be able to comprehend the strides taken to break free from Britain’s rule. We need to be able to acknowledge the consequences of imperialism‚ and the effect it has on those involved. In this paper‚ the question of how Nigeria gained its independence from Britain will be answered‚ as
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and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and The National Economic Reconstruction Fund (NERFUND) (Ojo‚ 2011). This makes it Nigeria’s oldest‚ largest and most successful development financing institution (BOI‚ 2012)
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report to determine the course of action for Larson Inc.’s Nigerian operations. This report provides information on the macroeconomic conditions prevailing in Nigeria apart from taking into consideration the report given by the CEO-Nigeria operations. With this the report attempts to evaluate the economic viability of the business in Nigeria in a long run. Executive Summary The Nigerian wing of Larson Inc. finds it hard to operate efficiently owing to the changing policies of the local government;
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