Why Has IPO Underpricing Changed Over Time? Tim Loughran and Jay Ritter* lu the l9SOs. the average first-day rcliirn on inilial public offerings (IPOs) was 7%‚ The average firsl-day return doubled to almost I5 ’ ’ ’i during 1990-1998. before jumping to 65% during Ihe internet bubble years of 1999-2000 and then reverting la / i % during 2001-2003. We attribute much of the higher underpricing during the bubble period to a changing issuer objective function. We argue that in the later periods there
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Voter Turnout in Federal Elections In the past half of the twentieth century‚ researchers observed a decline in the voter turnout in federal elections. It has also been observed that the voter turnout has been higher in presidential elections than in midterm elections. The main factors of the declines are the citizens’ negative public attitudes and the widespread political "apathy". On the other hand‚ the difference between presidential and midterm election voter turnout was caused by what I call
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Table of Contents ABSTRACT 2 INTRODUCTION 4 I. BACKGROUND 6 1.Theory of comparative advantage 6 2.Vietnam latest Export and Import situation 7 II. PAST AND RELATED WORK 16 III.EXAMPLE OF VIETNAM 18 1.Comparative advantages of Vietnam in exporting rice 18 2.Comparative advantage of Vietnam in exporting coffee after the collapse of ICA. 23 3.Example of Vietnam‚ appliance of theory of comparative advantage in exporting textiles: 32 IV.VIETNAM GAINS OR LOST FROM TRADE 38 IV.FUTURE WORK 52
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Geoffrey Chaucer’s works have been studied and kept alive throughout the centuries. The reason Chaucer has had such an effect on the world is because of his unique ability to reveal the truth. Chaucer "unmasked" and "unveiled" the social structures and commonly accepted philosophies that people have relied on as being true. This theme especially applies to the hypocrisies based upon Christianity and the 14th century Roman Church. Besides for ingeniously showing the corruption found in Christianity
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" Should the government be able to monitor the internet? I feel very strong about this topic. The local‚ federal‚ and state government shouldn’t be allowed to keep tabs on everyone using the internet. Bullying is a good reason that monitoring should be allowed‚ but my overall opinion is still strong in no. The government shouldn’t be able to invade our privacy if we haven’t done anything to make them suspect anything. In certain cases‚ I am ok with monitoring. If you are using a school computer
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children. It will focus on the various disadvantages and advantages of disciplining children. To begin with will it will firstly present the disadvantage of disciplining children which includes firstly it leads to rebellious behavior of children secondly it contributes to emotional fallout in children and finally it will focus on the psychological effects on children. Thereafter it will focus on the advantages of disciplining children. The advantages are it develops self-control and self-discipline. Likewise
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Significance of the study 2 • Review of Related Literature 3 • Generation of Computer (present) 4 Chapter II - BACKGROUND OF THE STUDY • Origin 5 • History 6 Chapter III – COMPUTER • Advantages 7 • Benefits 8 ACKNOWLEDGEMENT We express our gratitude to ALLAH‚ the most gracious and the most merciful. Who aided us with his strength‚ gave us window and patience to complete this Term Paper. This term paper would
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ADVANTAGES AND DISADVANTAGES OF USING INTERNET In the history of human mankind‚ the Internet has undoubtedly been the greatest development in the domain of communication industry. Internet has tremendous potentials and a lot to offer in terms of services. However‚ if examined carefully‚ the Internet appears to have not only advantages but also some drawbacks. One good point is that the Internet is a source of information. There is a huge amount of information available on the Internet for just
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Advantages of Adulthood Adults have a plethora of advantages some of the more notable being the right to obtain a license to drive‚ to carry a weapon‚ and the right to gamble. These advantages come mostly at 18 although others such as renting a car and the right to legally drink come at 25 and 21 respectively. Some of these advantages are considered privileges and others are considered rights granted to us by the United States Constitution. When a U.S. Citizen reaches the age of sixteen and
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many advantages of bilingualism‚ much is within culture‚ business and cognitive benefits. The language of one country is different from the other country and it tells the features of the country which distinguish it from one company to another. Languages shape the way people perceive the world and it also provides help to define culture of any society. There are countries in which more than one language is spoken; you will find more than one culture in that society. For example Canada has the English-speaking
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