A REVIEW OF STUDIES CONDUCTED ON THE WEAK FORM OF THE EFFICIENT MARKET HYPOTHESIS ON EMERGING CAPITAL MARKETS Surabhi Kothiyal (2009B3A8360P) Vishnukaant Pitty (2009A4PS340P) 1 CONTENTS PAGE NO. 1. Introduction 3 2. On Emerging Markets … 5 3. Empirical Methods 8 3.1. Non-Parametric Tests 8 3.1.1. Kolmogrov Smirnov Goodness of Fit Test 9 3.1.2. Runs Test 9 3.2. Parametric Tests 10 3.2.1. Auto-Correlation Test 10 3.2.2. ADF (Augmented
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Introduction The history of electricity development in Nigeria can be traced back to the end of the 19th century when the first generating power plant was installed in the city of Lagos in 1898. From then until 1950‚ the pattern of electricity development was in the form of individual electricity power undertaking scattered all over the towns. Some of the few undertaking were Federal Government bodies under the Public Works Department‚ some by the Native Authorities and others by the Municipal Authorities
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- LAS 310 LECTURER IN CHARGE - DR RUFAI CURRENT PROBLEMS OF EDUCATIONAL DEVELOPMENT IN NIGERIA The height the educational system in any given nation attains is a function of the attention the government and other stake holders pay to the sector. The development of the educational sector in Nigeria has been bedeviled by a variety of challenges‚ which have‚ in no small way retarded the educational development we’ve all been envisaging. Some of such problems‚ among others‚ are highlighted
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HISTORY OF RADIO IN NIGERIA INTRODUCTION Radio and Television as broadcast media have undoubtedly been of immense influence and have contributed tremendously to national development‚ specifically Nigeria. The success of these media is unconnected with its message content and large audience. This work aims at giving detailed insight as to how the broadcast media have contributed to national development in Nigeria as well as problems limiting its role. DEFINATION OF TERMS DEVELOPMENT The decades
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INTERNATIONAL CONFERENCE ON INNOVATIVE PRACTICES IN MANAGEMENT FINANCIAL INNOVATION IN CAPITAL MARKETS Dr.C.Meera ** Mr.R.S.Mohan ***T.Ramesh Financial innovation has been a continuous and integral part of growth of the capital markets. Greater freedom and flexibility have enabled companies to reinvent and innovate financial instruments. Many factors such as increased interest rate‚ volatility‚ frequency of tax and regulatory changes etc. have stimulated the process of financial innovation
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Located in West Africa and bordering the Atlantic‚ Nigeria is a big country that occupies 356‚667 square miles with a total population of 168 million. Nigeria is abundant in natural resources like coal‚ gold‚ lead‚ iron‚ salt‚ copper‚ and zinc‚ but it is best known as a big producer of oil. Thanks to its size‚ population‚ and resources‚ Nigeria is dubbed as “the giant of Africa” (Falola‚ 4). According to World Bank Data of 2010‚ Nigeria has an annual percentage growth rate as 8.0%‚ one of the world’s
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American Finance Association Market Timing and Capital Structure Author(s): Malcolm Baker and Jeffrey Wurgler Source: The Journal of Finance‚ Vol. 57‚ No. 1 (Feb.‚ 2002)‚ pp. 1-32 Published by: Wiley for the American Finance Association Stable URL: http://www.jstor.org/stable/2697832 . Accessed: 08/09/2013 22:22 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a
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THE ROLE OF TECHNICAL TEACHER EDUCATION IN THE REALIZATION OF THE MILLENNIUM DEVELOPMENT GOALS IN NIGERIA By Ehud Yakubu Garba ehudygarba@ymail.com Federal College of Education (Technical) Potiskum‚ Yobe State Abstract Countries of the world are classified as developed or under developed based on the level of education of its citizenry and their ability to use knowledge‚ skill and attitude to translate scientific ideas in attending to the problems of mankind. Technical education is the right
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Contrast to Capital market research and Behaviour research Positive theories explain and predict the behaviour of users of accounting information: i)Reactions of investors to accounting information ii)Association between accounting numbers and share prices Capital market research and Behaviour research both positive theories. Research question: Capital market research investigates the impact of accounting information (especially earnings) on share prices. It is concerns with investor reactions to
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Development and Social Welfare Programmes in Nigeria****** National Youth Service Corps (NYSC) Historical Background The National Youth Service Corps is a scheme set up by the Nigerian government to involve the country ’s graduate – youth‚ in the development of the country. It is an organization that was established to ensure improved ties among the Nigerian people through her beloved youth‚ following the unfortunate event of the Civil War (July 1967 – 15 January 1970). General Yakubu Gowon’s administration
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