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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|Shall We Dance? | | | |Bible study on dancing. | |As with many things‚ dancing can be either good or bad depending on the details.
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"Shall I compare thee to a summer’s day" by William Shakespeare… [pic] Shall I compare thee to a summer’s day? Thou art more lovely and more temperate: Rough winds do shake the darling buds of May‚ And summer’s lease hath all too short a date: Sometime too hot the eye of heaven shines‚ And often is his gold complexion dimm’d; And every fair from fair sometime declines‚ By chance or nature’s changing course untrimm’d; But thy eternal summer shall not fade Nor lose possession of that
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Returns 1 RETURNS Prices and returns Let Pt be the price of an asset at time t. Assuming no dividends the net return is Pt Pt − Pt−1 −1= Rt = Pt−1 Pt−1 The simple gross return is Pt = 1 + Rt Pt−1 Returns 2 Example: If Pt−1 = 2 and Pt = 2.1 then 2.1 Pt 1 + Rt = = = 1.05 and Rt = 0.05 Pt−1 2 Returns 3 The gross return over k periods (t − k to t) is 1 + Rt (k) := Pt−1 Pt−k+1 Pt Pt ··· = Pt−k Pt−1 Pt−2 Pt−k = (1 + Rt ) · · · (1 + Rt−k+1 ) Returns are • scale-free‚ meaning that they do not depend
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In the sonnet ’Shall I compare Thee To A Summers Day’ The poet William Shakespeare uses countless types of imagery but the question is which types can be interpreted as beautiful and which part would be interpreted as anything but beautiful. ’Shall I compare thee to a summer’s day? Thou art more lovely and more temperate’ Shakespeare starts this sonnet with a rhetorical question which he answers in the second line. In these two lines Shakespeare establishes his feelings for the woman that he loves
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In the poem‚ “The White City‚” McKay once again utilizes the power of figurative language and descriptive imagery to illustrate the ongoing battles that African American faced during the time of racism and segregation. McKay’s title “The White City‚” symbolizes the fact that the speaker is a black man in a city full of predominantly white individuals‚ and it is because of his skin color that he is discriminated against. When the speaker says‚ “My being would be a skeleton‚ a shell‚” (Line 5) he
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ultimately in the end these people are only thinking of themselves. However‚ without the power of religion‚ we as a race wouldn’t know the world we live in today. In this 2015 essay‚ published in Psychological Bulletin‚ “Religion and Morality‚” Ryan Mckay and Harvey Whitehouse‚ explained that “To become culturally widespread‚ shoes must fit the basic morphology of human feet‚ while also satisfying other biologically endowed preferences” In fact‚ “According to this approach‚ religious and moral cultural
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not have any hope for the future and the good things to come? In America‚ Claud McKay describes America as a woman who is treacherous and someone who continually puts him down. America does many terrible things to the narrator‚ but he still loves her and the goodness she can bring. America is his home no matter what she does. By showing how the narrator perseveres through all the awful things that America throws at him‚ I can infer that the message the narrator is trying to put out is that if we fight
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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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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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