non risk based explanations of the equity premium

... disposed of them within the enclosure, and 205 (60.1%) disposed of them outside the enclosure Nineteen (86.4%) of the inspected sample of Hobby facilities disposed of carcasses outside the C/P-OC ... disposed of them within the enclosure For the inspected sample of Exhibition facilities, (50.0%) disposed of them off-site but not at a licensed landfill, (12.5 %) disposed of them within the enclosure, ... Total 19 Discussion 5.1 Risk analysis for introduction of CWD Discussion of the results of the audit in the context of CWD risk requires the recognition that potential risks associated with C/P-OC...

Ngày tải lên: 29/03/2014, 22:20

... overview of research over the past 20 years The first chapter explains why the equity premium is a puzzle Chapter two is an extended survey of the risk- based explanations of the equity premium ... growth rate of consumption, we get ln E{Re} − ln Rf = ασx , (21) and the equity premium then is the product of the coefficient of relative risk aversion and the variance of the growth rate of consumption ... Re ) (20) The (log) equity premium in this model is the product of the coefficient of risk aversion and the covariance of the (continuously compounded) growth rate of consumption with the (continuously...

Ngày tải lên: 22/03/2014, 23:20

... meet the TCE assumption of the costs of hierarchy being higher than the costs in the market Third, the extent of the cost penalty due to scale diseconomies [C(x, k2)] is also independent of the ... (Williamson, 1999) they would earn equal profit from organizing the transaction in hierarchy 27 Fourth, the arguments presented so far ignore the effect of the endogenous nature of the choice of asset ... threat of opportunism, and this threat can be most efficiently managed through the adoption of hierarchical form of governance In the absence of high levels of asset specificity, the theory asserts...

Ngày tải lên: 02/11/2014, 00:34

... present the main focus of 12 units in the syllabus III.1.2 The content area of the test The content area of the test is almost based on language items introduced in the course book that the students ... tendency: • The mode: 6.0 • The median: 6.5 • The mean: (M) The formula for the mean is: ∑ fx M= N Note: M – the mean ∑ - sum of (or add up) N – the number of the test-takers x – the raw score f – the ... for the students III.2.4.2 The item discrimination - The formula of item discrimination is: CU – CL in which: CU – the number of the correct answers of the upper half CL - the number of the correct...

Ngày tải lên: 07/09/2013, 13:19

... to binding by analyzing the surface of the residues covered by the protein They also see an interaction of the C-terminal part RPAP with the surface of the antibody In the shorter peptide that ... Most of these contacts are with the binding cavity in the Fv domain However, there are significant additional contacts to the bottom of the next Fab (cf Figure 10) The surface covered by the nonbinding ... nonbinding bottom portion of the next Fab is formed by the C-terminal segment RPAP The size of the interaction surface between ˚ the peptide and the non binding bottom of the Fab is 173 A2 which...

Ngày tải lên: 21/02/2014, 15:20

Ngày tải lên: 14/03/2014, 13:20

... Fahy, Smithee / Strategic Marketing and the Resource Based View of the Firm Strategic Marketing and the Resource Based View of the Firm Discourse in the field of strategic marketing ... integrated review of the origins, insights and status of the resource -based view of the firm As Collis (1991) notes, no coherent body of theory has as yet emerged to summarise the resource -based view ... Consequently, the basic propositions of the RBV have become increasingly well delineated In short, the principal contribution of the resource -based view of the firm to date has been as a theory of competitive...

Ngày tải lên: 15/03/2014, 22:20

... from the global t The constant a is the ratio of apparent dissociation constants for binding GST-IjBa in the presence and absence of ATP, and the value of a indicates whether the binding of one ... not block the activity of another IKK isoform, IKK1 Consequently, IjBa may still be phosphorylated by the IKK1 isoform when the IKK1 isoform is present and activated in the system Another could ... that the oscillatory pattern of the model is affected when the new data is implemented in the model We next studied the impact of a rhIKK2 inhibitor on the oscillatory pattern of both cell-based...

Ngày tải lên: 16/03/2014, 11:20

... year of the date of acceptance of the application and must place the property in service within three years from the date of the issuance of the certification The change would be effective on the ... or as a head of household The width of the phase-in range and the beginning of the phase-out range are indexed for inflation Hence, the maximum amount of the credit and the end of the phase-out ... of the certification have been met within one year of the date of acceptance of the application and must place the property in service within three years from the date of the issuance of the...

Ngày tải lên: 23/03/2014, 02:20

... assumed that the strength of the impact of the change was inherently expressed in the perceptions of the employees, it was not necessary to separately explore the effects of the change on the employees, ... change: that is, the greater the degree of perception A, the greater the degree of resistance to change becomes Similarly, the greater the degree of perception B, the greater the degree of resistance ... has posited the influences of the perception of uncertainty in the environment on the perception of the need for change in a firm’s strategies The research on the roles and effects of perceptions...

Ngày tải lên: 23/03/2014, 04:21

Ngày tải lên: 30/03/2014, 01:20

... indicating the limit of overthrown trees (solid line) and the limit of charred trees (dashed line) The black dot indicates the focal point of the blast From these tree footprints, two types of damage ... While the accuracy of a risk assessment model is important, so is the importance of understanding the management of the risk On the insurance side, comprehensive multi-peril or all -risk insurance ... the small size of the meteorites—a few kilograms at best—and the dissipation of their orbital velocities, as they simply fell from the sky Although there is no definitive record of human casualties...

Ngày tải lên: 30/03/2014, 16:20

... Sp+1 and ω ∈ Aut(Γi )) Then |δω/D2| = so that (δω)2 ∈ fixAut(Γi ) (D2 ) Let O0 be the union of the non- singleton orbits of z0 , and O1 be the union of the non- singleton orbits of z1 (note that as ... 1.5.9], D is a union of orbits of StabSL(2,p) (v), so that |D| is either 2, p + 1, p + 2, 2p, or 2p + Furthermore, as the size of a block of a permutation group divides the degree of the permutation ... every non- singleton sub-orbit of SL(2, p) has order a multiple of p As the non- singleton sub-orbits of SL(2, p) have order a multiple of p, StabSL(2,p) (x) has either one non- singleton orbit of...

Ngày tải lên: 07/08/2014, 07:21

... and achieves the proof of Lemma Before proceeding with the proof of Theorem 1, let us recall that the total degree of a polynomial P from K[X1 , , Xm ] is the largest value of d1 + d2 + · · · ... combination of the elements of the basis (µt )t∈S This proves the existence of a familly of scalars (λS )t∈S , such that t S ϕm (P ) = t∈S λt µt (P ) for any polynomial P in Km [T ], and achieves the ... ,d2 , ,dm )∈D Finally, the conclusion of the theorem follows since m λS11 λS22 · · · λSm P (t1 , t2 , , tm ) = Φ(P ) = t t t (t1 , ,tm )∈S1 ×···×Sm This ends the proof of Theorem References [1]...

Ngày tải lên: 07/08/2014, 21:21

... that the choice of the formula influences the final result of the carbon stock assessment 861 In general, wood density appeared to introduce the largest variability in the calculation of the carbon ... BEF3), and this for the minimum, median and maximum BEFs s.l The ratio of the result of formula (1) to the result of formula (2), expressed in terms of percentage, represented the difference between ... oriented from the east to the west on the National Geographic Institute (NGI) maps at a scale of 1/25 000 The rectangular grid had the advantage of going against the orientation of the relief elements...

Ngày tải lên: 08/08/2014, 00:22

... 2000 [7] The patient parameters investigated were the sex, age at the time of RT, the chemotherapy regimen employed, the clinical stage and location of the lymphoma, the irradiated field, the dose ... time of RT to the diagnosis of the second HNC, and the clinical course of the second cancer We calculated the expected numbers of second cancers by using the person-years method [8,9] We used the ... cycles of CHOP) The pathological diagnosis of the second HNC in all the cases (2 cases of cancer of the gum, case of tongue cancer, and case of maxillary sinus cancer) was SCC (fig 2) The median...

Ngày tải lên: 09/08/2014, 10:20

... to 6% of gastrointestinal tumors and 1% of gastrointestinal malignances arise from the small bowel [8] They are more common in the ileum, consistent with the higher number of lymphocytes there ... high, as the perforation may go unrecognized until shock follows peritonitis The time interval from the onset of symptoms caused by the perforation to the time of operation can affect the outcome ... scan of the abdomen and pelvis showed a large collection of contrast media in the left upper quadrant associated with multiple small pockets of air, suggestive of perforation most likely in the...

Ngày tải lên: 11/08/2014, 00:22

... assay the other clones in the BES cluster with 69F1 Each of the other clones in the cluster are indicated as lines below 69F1, with the end-points of the lines indicating the locations of the mapped ... score [29] of the SNP, the mean phred score of the five bases centered on the SNP, and the mean phred score of the entire BES containing the SNP all must exceed 30 Approximately 58% of the candidate ... if the locations of the variant overlapped the locations of an end sequence pair in the cluster, and the type of variant was consistent with the orientations of the mapped end sequences in the...

Ngày tải lên: 14/08/2014, 08:20

Ngày tải lên: 21/08/2014, 08:00

... decision-making field of strategic management has used the concepts of uncertainty from these disciplines and applied them to the issues of the firm, including the existence and the boundary of the firm Transaction ... resource -based theory, but only with clear definitions of uncertainty in the context of resource -based theory Resource -based theory has been accepted as a theory of firm rents and a theory of competitive ... owing to the difficulty of forecasting, the longer the period of the contract is for the supply of the commodity or service, the less possible, and indeed, the less desired it is for the person...

Ngày tải lên: 02/11/2014, 00:48