MODELLING ABNORMAL RETURN: A REVIEW ARTICLE Oleh Norman Strong Overview Paper ini memberikan panduan untuk metodologi event study dan menguraikan prosedur pemodelan return abnormal dan masalah yang terkait. Event Study Event study adalah nama yang diberikan pada penelitian empiris atas hubungan antara harga sekuritas dengan kejadian ekonomi (economic events). Kebanyakan event study memfokuskan pada perilaku harga saham dalam rangka untuk menguji apakah perilaku stokastik mereka dipengaruhi oleh pengungkapan
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Returns to Scale Returns to scale is a concept that tries to explain the behaviour of the output in relation to the change in the total scale of operations of the firm. A change of scale of operations means a change in the total size of the firm‚ i.e. a change in both labour and capital of the firm. For determining the returns to scale‚ we need to calculate the Output Elasticity where: Output Elasticity = % change in Output/% change in all inputs The different types of returns to scales
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What do you think of laughter therapy? The elation you feel when you laugh is a great way of combating the physical effects of stress‚ and can help you to cope with and survive a stressful lifestyle. When we laugh‚ our body relaxes and endorphins are released into the blood stream. For years‚ the use of humor has been used in medicine. Surgeons used humor to distract patients from pain as early as the 13th century. Later‚ in the 20th century‚ came the scientific study of the effect of humor on physical
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The documentary Return to the Wild debates the two very different argued reasons of why Chris McCandless went into the wild. The writers choose to uncover the dark secrets of the McCandless family and to reveal the truth as to why Chris travelled into the Alaskan wilderness. The documentary adopts an intense tone in the beginning that shifts to a more light hearted attitude throughout the second half of the film using symbolism‚ cinematography‚ audio‚ and various interviews in order to explain to
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comedy is that it shall awaken thoughtful laughter." In other words‚ the best examples of comedy lead to laughter but also contribute to the meaning of the work and contain some degree of subtle commentary. In Shakespeare’s Macbeth‚ the porter scene following Duncan’s heinous slaying evokes this brand of "thoughful laughter." Although the grotesque gatekeeper character immediately prompts comedy‚ it also hints at a deeper significance. This "thoughtful laughter" primarily provides comic relief‚ but it
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Laughter is an abstract idea that brings happiness to everyone. When you are having a bad day‚ a simple joke can brighten it a little. It is crucial to laugh every day because it makes you smile and turn your whole day into a great one. Humor is not just something kids do to pass time in class instead of doing their work. Humor makes a serious person crack smile and let everyone else enjoy their day as well. When I was no older than one year old‚ I would never vocalize or smile. I was just a statue
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Thomas Hardy’s novels are all set in Wessex which is a quasi-mythical region in southern and south-west England. The native community of this area was of particular interest to Hardy‚ and in The Return of the Native this community plays a greater role than it does in other works by Hardy. In The Return of the Native‚ the significance of the rustic characters is not limited to providing mere background scenery or local colour. Instead‚ these characters fulfill various important functions such as commenting
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Income Tax Return Assignment You have your own CPA tax practice and you are greeted with new clients: Albert and Jenny Cunningham and their two children. You meet with them and they give you the information shown below. They would like you to prepare their tax return for 2013. They would like to file married filing jointly. NOTE: Reference to the “current tax year” below for the taxpayers‚ Albert and Jenny‚ it is for the calendar year 2013. Albert and Jenny Cunningham (both 42 years
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the opportunity to extend their network. More information regarding the programme of the conference programme can be found in the Event Design Proposal. In addition to the Event Design Proposal‚ this report focuses on a method that can measure the Return on Investment (ROI) on this large-scale event. As ROI has become a pressing matter‚ especially in the event industry‚ this is offers a perfect opportunity to implement the ROI methodology. All staff members of iVents have been involved with the ROI
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if a straw can tickle a man‚ it is an instrument of happiness." Laughter‚ which bursts from a smile or a sense of humour‚ is related to personality. It is not only a healthful "exertion" but also a badge of a bright personality. A person with a "long face" becomes a sad spectacle of society. This is not a mere assumption‚ nor an abstract philosophy. It is now an established scientific fact.
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