the loss aversion narrow framing approachto the equity premium puzzle
Phần bù rủi ro vốn cổ phần (The equity risk premium)
Ngày tải lên :
20/10/2013, 19:15
... kết thúc năm tài số P/E 25, tỷ suất lợi nhuận 4% ( / 25 =4%) Theo phương pháp dựa thu nhập, lợi nhuận ròng mong đợi trước lạm phát 4% Theo ý tưởng thuộc trực quan nghịch đảo: lý thuyết cho số P/E ... nhuận tái đầu tư 4% Nhiều nhà phân tích không đồng ý quan điểm này, số ủng hộ mô hình thu nhập theo ý kiến “Với số P/E cao công ty sử dụng vốn cổ phần định giá cao để làm tăng dần lợi nhận đầu ... thấy cổ tức tăng trưởng cố định 5% năm giá cổ phiếu tăng đến 5% năm Giả định giá cổ phiếu tính theo cổ tức tích luỹ, bạn biết tỷ số giá thị trường thu nhập (P/E = giá trị thị trường cổ phần /...
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Handbook of the Equity Risk Premium docx
Ngày tải lên :
22/03/2014, 23:20
... Contents The Loss Aversion/ Narrow Framing Approach to the Equity Premium Puzzle 199 Nicholas Barberis (Yale) and Ming Huang (Cornell) Introduction Loss Aversion and Narrow Framing The Equity Premium ... marked the end of the period when the U.S was on the gold standard, this break can be seen as the change in the equity premium after the implementation of the new policy 1.4 Variation in the Equity ... the Historical Equity Premium 6.1 Unanticipated Success 6.2 Decomposition of the Equity Premium 6.3 From the Past to the Future Conclusion References Appendix 1: Decomposition of the Equity Premium...
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the equity options strategy guide
Ngày tải lên :
23/04/2014, 23:42
... selling the stock in the stock market The converse of in -the- money is, not surprisingly, out-of -the- money If the strike price equals the current market price, the option is said to be at -the- money The ... option’s premium The higher the volatility of the underlying stock, the higher the premium because there is a greater possibility that the option will move in -the- money Generally, as the volatility ... put with the higher strike price in the marketplace The premium received from the put’s sale can partially offset the cost of purchasing the shares from the assignment The net cost to the investor...
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Tài liệu Community Internet Access in Rural Areas: Solving the Economic Sustainability Puzzle doc
Ngày tải lên :
21/02/2014, 01:20
... leveraging the existing school infrastructure, all the while allowing the surrounding community to benefit from ICTs; the outside community, in turn, supports the educational mission of the computer ... tells us two things One is that the value of the Internet grows very quickly with the number of users, but, conversely, the value of the network is quite small when there are a small number of users ... Price per Subscriber for the corDECT Wireless Local Loop System $700 $650 Price per line in US$ there—they will never leverage the Metcalfe Effect and the real value of the Internet When entire...
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Title Export Liberalization, Job Creation and the Skill Premium
Ngày tải lên :
08/08/2015, 19:23
... contrary to the prediction of the theory, many developing countries experienced an increase rather than a The average for the period 1986-2011 (the World Development Indicators (WDI), the World ... decrease in the skill premium relative to the other states 13 Winters posits that neither of the polar extremes is likely to be precisely true and suggests the importance of determining the elasticity ... website, since the latter data are not available in either the VHLSS or the Enterprise Survey data for the year 2000 The trade data for Vietnam were extracted from the U.N Comtrade system at the Harmonized...
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Convertible debt under asymmetric information and agency problems, a solution to the convertible debt puzzle
Ngày tải lên :
30/09/2015, 14:14
... about the value of the assets in place, in the sense that the cash flows associated with them are dependent on the firms’ type Let A\Gj stand for the expected value of the cash flows from the assets ... p 2) Thus, the variance of the value of the firm at time t = is always larger than the variance of the value of the firm at time t = 1, regardless of the values of the parameters of the model ... Moreover, they find that the length and strength of the call protections are inversely related to the capital expenditures of the firms in the years following the bond issuance In summary, the use...
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A study to indicate the importance of consumer based-brand equity on consumer perception of brand (a case study of fast food restaurants).pdf
Ngày tải lên :
24/09/2012, 17:19
... appendix are presented at the end of the thesis 13 CHAPTER 2: THEORITICAL FRAME WORK This chapter put together what others have written about the topic that is been addressed in the research work and ... THE STUDY The thesis consists of five chapters The first chapter is the introductory part of this research and it talks about the objectives of the study and definition of key words The second ... social behaviour choose their products as a result of the social environment which they live in Their status, lifestyle and influence from others determine the product they will buy (ACTION→ATTITUDE→KNOWLEDGE)...
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Testing a model of customer-based brand equity in the Vietnamese banking servic
Ngày tải lên :
06/11/2012, 15:52
... expected, the consumer will be dissatisfied In 19 other words, the customer compares the quality that they perceived with their actual experience with the brand to evaluate the value they receive ... positive CBBE if the consumer reacts more favorably to the marketing of the brand than they to an unknown or fictitious version of the product or service in the same context On the other side, a ... equity (customer-based) for financial services According to this model, brand equity is derived from the customer’s perception of the quality and thereby the brand value Other components of their...
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RECOMMENDATIONS FOR BUILDING, MANAGING AND PROTECTING THE BRAND EQUITY IN VIASIA JOINT STOCK COMPANY
Ngày tải lên :
24/07/2013, 15:00
... percent of the customer will be willing to use the Viet A products again if the next purchase, they can get the special promotion The other thinks that they will consider the choice between whether ... although they can aware the brand, it is only at the Brand recognition in the Brand Awareness Hierarchy In short, through the three charts, the Viet A brand equity can be evaluated as the second to the ... And with the consumers who answer that they not want to use the plastic door products, the researcher also interview them about the reasons which make them choose this option Most of the answers...
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Tài liệu The Mare Reproductive Loss Syndrome and the Eastern Tent pptx
Ngày tải lên :
13/02/2014, 15:20
... through the lung capillary beds and into the systemic circulation An obvious mechanism is movement of the material through the lungs in the same way they enter into and move through the intestine ... will again migrate through these tissues when the mare moves Myometrial movement, either due to the musculature of the myometrium itself or the physical activity of both the mare and fetus, will ... due to the ease of observing events occurring in the eye and the highly significant consequences of eye damage compared with limited local damage in other areas of the body and the possible therapeutic...
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Tài liệu Framing the Issues— the Positive Impacts of Affordable Housing on Health pdf
Ngày tải lên :
14/02/2014, 09:20
... identify and clarify the more promising hypotheses on the societal impacts of housing and examine the growing body of research supporting these hypotheses This paper focuses on the impact of housing ... communities Still others focus on the benefits of affordable housing for particular populations, such as the elderly, the homeless, and people with HIV/AIDS Our review of the literature on the impact ... data from the Consumer Expenditure Survey, the authors found that among households with the lowest levels of spending, the uninsured spent $88 more per quarter on housing than the insured The authors...
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Tài liệu Báo cáo khoa học: TEC family kinases in health and disease – loss-of-function of BTK and ITK and the gain-of-function fusions ITK–SYK and BTK–SYK pptx
Ngày tải lên :
14/02/2014, 18:20
... regarding their potential function, it was the identification of BTK, as the kinase affected in XLA [9,10], which immediately made TFKs known to the wider scientific community In the same year, the xid ... positioned in the connecting loops Approximately onethird of all mutations in the BTK gene are missense and some of these reduce the stability of the protein This is exemplified by mutations in the BTK ... know whether this kinase influences the behavior of the fusion proteins It is also possible that the differential expression of SRC family members in these two cell types may influence the phosphorylation...
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Tài liệu Crack the Fat-Loss Code: Outsmart Your Metabolism and Conquer the Diet Plateau ppt
Ngày tải lên :
15/02/2014, 15:20
... the ForeverFit plan The results happened quickly At the end of the fi rst year, she had lost an amazing 107 pounds The more the weight fell off, the more motivated Rachel became Not only was the ... the science behind the fat -loss code and break it forever, you approach nutrition and fitness with the logic of knowledge, not the emotion of the latest diet book or fitness fad When you know the ... Body: The Ultimate Survivor Understanding the Body’s Needs Perceived Efficiency Rate (PER) The Body’s Two Functions of Survival The Point of Adaptation 12 The Dieter’s Plateau 13 The Fat -Loss Code...
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Tài liệu Tracy Anderson''''s 30-Day Method: The Weight-Loss Kick-Start that Makes Perfection Possible ppt
Ngày tải lên :
15/02/2014, 15:20
... for the solution that the dance professionals, the Pilates professionals, the "experts" at the gym could never give me Even at school, the counselors had no idea what they were talking about—their ... fit They can manage their weight without excessive dieting And they're in the best shape they have ever been Some of them, like Madonna and Gwyneth Paltrow, you've heard of Some of them, like the ... you're naked But if you everything in the right balance, then the muscular structure changes The fat is burned And the skin will come back to the muscle The skin is the last thing to make a change,...
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Tài liệu Báo cáo khoa học: "The impact of language models and loss functions on repair disfluency detection" pptx
Ngày tải lên :
20/02/2014, 04:20
... prediction and the same training data also for the loss function, the reranker will overestimate the weight associated with the feature derived from the Switchboard language model, since the fluent ... feature is the log of the “figure of merit” used to guide search in the noisy channel model when it is producing the 25-best list for the reranker The log figure of merit is the sum of the log language ... the word ‘need’ (one flag to the left, none to the right) There are 256808 of these features present SentenceEdgeFlags B L: This feature indicates the location of a disfluency in an utterance The...
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Progress For Children - Achieving The MDGs With Equity pdf
Ngày tải lên :
06/03/2014, 01:22
... progress towards the MDGs and beyond Achieving the MDGs with Equity INTRODUCTION Achieving the MDGs with equity When world leaders adopted the Millennium Declaration in 2000, they produced an ... indicators Nearly half the population of the world’s 49 least developed countries is under the age of 18.2 In that sense, these countries are the richest in children But they are the poorest in terms ... demonstrate their commitment to the MDGs and work together to hasten progress towards them Investing in equitable development for children The central challenge of meeting the MDGs with equity is...
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The Weight Loss Surgery Connection pot
Ngày tải lên :
06/03/2014, 05:20
... ignored me Then they began to talk among themselves, three feet in front of me, as if I couldn’t hear them (Did they think that obesity affects the hearing?) One clerk commented to the other, “That ... size Then there were the looks from strangers who were just hoping and praying they didn’t have to sit next to us For some people, the situation gets desperate The hostility and insults and their ... all the new clothing has had on their checkbook They have lost 287 pounds between the two of them and are not shy about clothes shopping With both of them having the surgery, buying two complete...
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