'Efficient markets' diaporamas de présentation

Rational Expectations and the Efficient Market Hypothesis

Rational Expectations and the Efficient Market Hypothesis. Role of Expectations. Expectations are important in every sector and market in the economy 1. Asset demand and the determination of i 2. Risk and term structure of i 3. Asymmetric information and financial structure

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Maximizing Opportunities for Small & Disabled Veteran Businesses

Maximizing Opportunities for Small & Disabled Veteran Businesses. Michelle Ogata & Tom Lee March 28, 2000. Will Cover Today. Recent SB Legislation Information SB Advocate Role in Contracting Process Current Preference & Participation Programs How To Maximize Opportunities for SB and DVBE.

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Return, Risk, and the Security Market Line

Chapter Thirteen. Return, Risk, and the Security Market Line. Chapter Outline. Expected Returns and Variances Portfolios Announcements, Surprises, and Expected Returns Risk: Systematic and Unsystematic Diversification and Portfolio Risk Systematic Risk and Beta The Security Market Line

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The Sensitivity of Portfolio Selection to Estimation Error

549 views • 44 slides

Stock Valuation

Stock Valuation. Chapter 9.1,9.2. Outline. Investing in stocks Capital gains, dividend yield, return The Constant Dividend Growth Model The Dividend and Growth Tradeoff The DGM with Changing Growth rates Further problems. Investing in Stocks. A One-Year Investor.

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Prepared by: Fernando Quijano & Shelly Tefft

P R I N C I P L E S O F MACROECONOMICS T E N T H E D I T I O N. CASE FAIR OSTER. Prepared by: Fernando Quijano & Shelly Tefft. PART I INTRODUCTION TO ECONOMICS. 1. The Scope and Method of Economics. CHAPTER OUTLINE. Why Study Economics? To Learn a Way of Thinking

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Summary of Last Lecture

Summary of Last Lecture. SML Graph & CAPM. INTRODUCTION TO DEBT, EFFICIENT MARKETS AND COST OF CAPITAL. Learning Objectives:. After going through this lecture, you would be able to have an understanding of the following topics Intro to Debt, Efficient Markets & Cost of Capital.

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Access to agricultural, microleasing and equity finance in Macedonia

United Nations Development Programme . Access to agricultural, microleasing and equity finance in Macedonia. Almaty, 9-11 November 2005 . I. UNDP Development Strategy for Macedonia II. About LED projects in Macedonia III. Access to Finance Macroeconomic situation in Macedonia

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Asset Management

Asset Management. Lecture 11. Quiz 1. Consider the following probability distribution for stocks A and B:. 1. The expected rates of return of stocks A and B are . E(RA) = 0.1(10%) + 0.2(13%) + 0.2(12%) + 0.3(14%) + 0.2(15%) = 13.2%;

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SEC on Market Structure: The Chair Speaks and Enforcement Acts

SEC on Market Structure: The Chair Speaks and Enforcement Acts. Morris Simkin, Esq. Simkin Law Office 212 455 0476 msimkin@securitiesregslawyer.com June 18, 2014. Equity Market Structure: the Chair Speaks and Enforcement Acts. June 5, 2014 speech by SEC Chair Mary Jo White

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Preparing the Annual Report: for Fiscal Year 2012-2013

Preparing the Annual Report: for Fiscal Year 2012-2013. Intro Activity : Go to www.sec.gov What is the SEC? What is the role of the SEC?. May 2013 Conducted by Nick Chapman nchapman@veinternational.org. What is the SEC?. History Created after the stock market crash of 1929

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Earnings Management

Earnings Management. Class Announcements. Assignment #9 due March 24 th ; available on-line Assignment #10 due March 31st; available on-line Assignment #8 returned at the end of class Research paper #3 returned at the end of class Research Paper Part #4 and bonus due April 3 rd

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Chapter 1

Chapter 1. Investments: Background and Issues. 1.1 Real Versus Financial Assets. Real Assets Used to produce goods and services: Property, plant & equipment, human capital, etc. the net wealth of an economy is the sum of its real assets. Financial Assets

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Economic theory of price as the basis of the Efficient Market Hypothesis

Economic theory of price as the basis of the Efficient Market Hypothesis. Robert W Vivian Professor of Finance and Insurance School of Economic and Business Sciences University of the Witwatersrand 21 st SAFA Conference: Cape Town 18 th January 2012. Economic theory of price and EMH.

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BEHAVIOURAL RESEARCH

Trust, News and the Efficient Markets Hypothesis. BEHAVIOURAL RESEARCH. Fairness, Trust and Emotions 1 July 2010 Behavioural Finance Working Group Cass Business School. Efficient markets hypothesis. Bachelier (1900), Samuelson (1965), Fama (1970)

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The OECD Principles & The OECD Guidelines on Corporate Governance of State-Owned Enterprises

The OECD Principles & The OECD Guidelines on Corporate Governance of State-Owned Enterprises. Eurasian Corporate Governance Roundtable Task Force on Corporate Governance of Banks in Eurasia Janet Holmes, Senior Legal Adviser Corporate Affairs Division, OECD. Overview of Presentation.

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Presentation to Columbia Business School

Presentation to Columbia Business School. Harlan H. Simon Clinton Group Inc. November 8,2002. Why Invest in Arbitrage Strategies?. Ability to present positive return profile regardless of general market conditions Uncorrelated to other asset classes, particularly equity

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The Nature and Sources of Competitive Advantage

The Nature and Sources of Competitive Advantage. The emergence of competitive advantage Sustaining competitive advantage Competitive advantage in different market settings Types of competitive advantage: cost and differentiation. OUTLINE. The Emergence of Competitive Advantage.

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PRESCRIPTIVE APPROACHES TO ETHICAL DECISION-MAKING IN BUSINESS

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Weighting and Scheduling Strategies

Weighting and Scheduling Strategies . Geographical Weighting. Reasons for geographical weighting Some markets have more potential than others Waste of marketing on a national basis Media delivery does not match sales potential Dollar allocation technique

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