Regulating the Philippine stock market: the Securities Regulation Code and the information efficiency of Philippine stock prices Noel B. Del Castillo* Miriam College‚ nbdelcastillo@gmail.com ABSTRACT This paper investigates the impact of the Securities Regulation Code (SRC) on the information efficiency of the Philippine stock prices. Research in other countries has shown that new regulation has had a long-term effect in improving the information efficiency of stock prices. The paper
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“Every event‚ no matter how remote or long ago‚ echoes across all other events.” (Mandelbrot‚ 2004) Modern financial implications perceive every action/reaction on markets as a result/cause of more complex‚ mutually dependent events. Studies of these relations began with the simplest ‘random walk’ hypothesis stating that price reactions are unforecastable. It was supported by ‘martingale’ stochastic process. Theoretically it is not possible to fully exist‚ as there would be no place for speculation
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1. What role do political parties play in elections? Political parties help gather people with the same mindsets together and during the elections they help their candidates to raise funding‚ awareness and provide appropriate candidates for elections. 2. What were the main factors bringing people into the Republican and Democratic parties after the Civil War? The major factors that lead to people into Republican and Democratic Parties after Civil War mainly focus on people’s economic and social status
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Journal of Finance and Accountancy Insider t nsider trading and market efficiency: Do insiders buy low and sell h high? Stephanie Roddenberry Longwood University Dr. Frank Bacon Longwood University ABSTRACT The purpose of this study was to test the semi-strong form efficient market hypothesis strong using insider sale and purchase announcements and their effect on the risk adjusted rate of return of the firms’ stock price. Past studies using varying methodologies‚ including the risk adjusted
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Most‚if not all of the things that surround human existence are classified into different categories to make identification easier. The same goes for films and other forms of art.Genre is a French word which means kind or type. It is used to classify some forms of art like music and film. Genre follows some set conventions that have emerged from certain films displaying similar characteristics as time went by‚ however‚ these genres are not always consistent with the set conventions that guide which
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Competitive market and economic efficiency/Competitive strategies according to market share Today competition is known as a contest between individuals‚ groups‚ animals for territory‚ a niche‚ or a location of resources. It arises whenever two or more parties strive for a goal which cannot be shared. Competition is also in the market; therefore it’s named competitive market. Let’s start by describing a competitive market. It’s a market with a large number of buyers and sellers‚ such that no
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There are three types of market efficiency: Ø - when prices are determined in a way that equates the marginal rates of return (adjusted for risk) for all producers and savers‚ market is said to be allocationally efficient; Ø - when the cost of transfering funds is “reasonable”‚ market is said to be operationally efficient; Ø - when prices fully reflect all available information‚ market is said to be informationally efficient. Bachelier (1900): In the opening paragraph of his
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The organic compounds are carbohydrates‚ lipids‚ nucleic acids‚ and proteins. Each which are made up of elements and monomers. Each organic compound has it’s own function and chemical structure. Each compound also plays a role in living organisms. Carbohydrates are composed of several elements‚ and one monomer. The elements include: carbon‚ hydrogen‚ and oxygen atoms. Carbohydrates are composed of only one monomer‚ which is monosaccharides. Monosaccharides are the simplest carbohydrates‚ and
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performers darkened their skin to imitate what they thought African American music sounded like (didn’t know much about African American culture or the south in general) • Ridiculed blacks and made profit • Northern cities such as New York was emergence • Blacks represented as lazy‚ overly sexual‚ and uneducated • Both performers and audience had mainly European American men and some blacks • Made a less guilty conscience for slavery and also allowed newly
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Imagine how difficult the music industry would be like in the future? There are many celebrities in the music industry that send out inappropriate messages through their music. Some do not realize that they are role models and that their music inspires many people. Also‚ there are many people who are trying their hardest to be somebody in the music industry. They want to create music in order to send out positive messages‚ to motivate‚ and help out others. However‚ those who truly have a passion
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