Student name: Umar Abdullaev Proposed research topic: The implication of conditional betas on the Fama-French three factor model Introduction CAPM has been an active area of research over the past half century since the introduction of Sharpe development of the capital asset pricing model. Much progress has been made in the early years on the linear relationship between expected return and beta(Black‚ Jensen and Scholes 1972 and Fama and MacBeth 1973). Later studies however show weak
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Three global empires have all significantly impacted world history in a variety of ways. The Spanish‚ British and Dutch empires were all colonial‚ global forces at some point in history. Although they were all driven by wealth‚ they had differing goals. The Spanish‚ Dutch and British empires all extended their political control over seas. Spanish conquistadors colonized a significant portion of the land in the western hemisphere through religious conquests by spreading Catholicism. The Dutch colonized
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Three factors that contributed to the Great Depression were the stock market crash in 1929‚ reduction in purchasing of goods and America’s economic policies with Europe. Wealthy Americans had invested heavily in the stock market many borrowed money to invest with hopes of making more money. Indebtedness of the people who heavily invested in the stock market and in panic to redeem their debts sold their stock causing share prices to fall quickly causing the market to crash. Once the stock market
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“Challenges are what make life interesting and overcoming them is what makes life meaningful" by Joshua Marine. In the story‚ “The Secret Lion‚" written by Alberto Alvaro Rios‚ Alberto and his friend Sergio go through changes where their dreams are gone because of the new things they learn. The boys are starting to see that everything they love is taken away from them because they are becoming adults. In the story there is symbolism; each symbol represents the changes as the boys leave childhood
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Are the Rich Necessary? Economic Problem and Science If we can promote economic growth through cooperation‚ the scientific method could help us separate the truth and error to find the best approach for cooperation. However creating wealth is not the same as building a building‚ an engine and etc because same set of rules doesn’t apply to everyone. Economics is a human behavior and humans are extremely unpredictable. The Rich Some people referred to as egalitarians or equalitarian wishes
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of the main factors in government that causes so much conflict and collision is religion. This is because religion is a worldwide phenomenon that can lead to both conflict and peace‚ depending on the way one looks upon it. Although in some cases religion may cause strife between countries‚ the reality of it is that without religion correlating with state affairs at all‚ the government would simply not function. Joseph Ashby seconds that statement in his article “Is Religion Necessary” when he states
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Is Homework necessary? Homework continues to be a controversial topic. The debate over homework is an old one‚ with attitudes shifting throughout the debate over the years. Proponents and opponents make cases to support their views on the necessity and importance of homework in the development of the student and the construction of knowledge. Good and Brophy (2003) indicate that many view homework as‚ “An important extension of in-school opportunities to learn”. While some proponents of homework
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became the education of the health and societal dangers of alcohol abuse. The Clarity Foundation goals of this strategy are: 1. To promote a wider awareness of the consequences of alcohol abuse. 2. To provide a forum for education and discussion. 3. To invoke a change in young people’s behavior. The strategy itself is a three-tiered initiative involving educational lectures using professionals‚ a multimedia program and an internet discussion forum. This initiative is designed to
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Social Factors One of the biggest social factors to affect consumers purchasing bedroom furniture has been the recession. The recession struck the UK in 2008‚ one of its most major impacts have been job losses with both big and small organisations having cut backs on the number of employees . Jobs for most families are a form of stability‚ relying on the wages from their jobs to pay mortgage or rent and to buy necessities. The unemployment rates in 2008 were up by 1.6% and at the
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Social awareness does not have a simple dictionary meaning. It is in fact a complicated concept‚ an archetype that has a variety of implications for numerous people. Social awareness can be defined as a principle that combines a series of factors. It is a model whereby one has fundamental knowledge about social issues including political‚ economical‚ technological‚ medical‚ environmental and scientific issues. Why is social awareness important in our daily life? Knowing more about social
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