A Review of the Empirical Literature on Earnings and Economic Value Added (EVA) in Explaining Stock Market Returns. Which Performance Measure is More Value Relevant in the Athens Stock Exchange (ASE)? Dimitrios Maditinos*‚ Željko Šević**‚ and Nikolaos Theriou* *TEI of Kavala‚ Greece‚ Department of Business Administration **University of Greenwich Business School‚ Department of Accounting and Finance Abstract The aim of this study is (a) to present the empirical research to date on earnings
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Explain for which reasons the real wage is expected to be acyclical in the classical model‚ countercyclical in The Keynesian Model and Procyclical in the New Keynesian model. Which model better fits the empirical evidence? Introduction The concept of real wages has increasing significance in the current world. Rising inflation and recession in almost all major economies have led to the importance of studying real wage with respect to prices and economies themselves. Such a study would require
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Space based visual attention is when we attend to a certain area of space. This may be for several reasons (e.g. hearing a noise).In the past 30 years of so there has been much research conducted into this area‚ mostly using lab based computer experiments‚ manipulating cues and targets to see how we react to and process them. One of the earliest and most influential metaphors‚ leading the way for many of the others is that by Posner (1980). Posner (1980) came up with the spotlight metaphor to space
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The classical age of ancient Greece saw the appearance of the democratic society of Athens. Even though its formation was a tumultuous affair wrought with power struggles and revolts‚ the leadership of several key figures such as Cleisthenes and Themistocles allowed the city-state to become prosperous and powerful‚ with democracy taking center stage. In fact‚ the citizen rights of political‚ economic and individual freedom all became essential to the system of rule of the Polis. These values helped
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the Athenian historian‚ Thucydides‚ a myriad of information is shared pertaining to not only to his own life‚ but to the society and culture of Ancient Greece as well. He was born around 460-455 BC and through his life he wrote one of the most in depth recordings of the Peloponnesian War entitled‚ History of the Peloponnesian War. Not only did Thucydides live within the wartime period‚ he also fought in this war as well as a military general. The efforts that Thucydides contributed during his life
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The History of the Peloponnesian War is a historical account of the Peloponnesian War‚ which was fought between the Peloponnesian League (led by Sparta) and the Delian League (led by Athens). It was written by Thucydides‚ an Athenian historian who also happened to serve as an Athenian general during the war. His account of the conflict is widely considered to be a classic and regarded as one of the earliest scholarly works of history. The Histories are divided into eight books by editors of later
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the historian Thucydides‚ the greatest conflict was the Peloponnesian war between the Athenians and Spartans‚ along with each of their allies. In the opinion of Thucydides‚ the Peloponnesian war was due to the growth of Athens and the fear‚ the growth caused in the Spartans and their allies (Thucydides‚ Book I‚ chapter I). Accounts of events by Thucydides‚ for Francis Cornford‚ are not merely historic‚ but rather works of art. The History of the Peloponnesian War according to Thucydides is artistic
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in the just war framework‚ I will introduce those arguments and rebut those arguments to justify that it was an unjust war. The Melian Dialogue described a pre-contextual situation of a war between Athenians and Melians. The Athenian historian Thucydides depicted the negotiations between the emissaries from Athenians invaders and the leaders of Melos in “History of the Peloponnesian War”.
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share power or sovereignty (Thucydides 1954‚ 31). Thucydides makes a reference to Lacedaemonians who were of the notion of going to war only under dire need‚ reaching an understanding in which‚ they can give peace in place of war (Thucydides 1954‚ 67-68). He gives an example where if a courageous man experiences harm‚ he has every right to choose war over tranquility (Thucydides 1954‚ 68). Thucydides explains that ground rules were set for going into war (Thucydides 1954‚ 68). In this case‚ if
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Many modern historians have criticized Thucydides and his inconsistencies in his writings. The contradictions that Sparta acted out of fear yet had to be persuaded by Corinth to act against Athens and was slow about this. “Formally‚ Thucydides grievances are grievances on both sides‚ but they are in fact presented so as to show how the Peloponnesians came to war with Athens and the truest
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