Finding a value for the equity risk premium (ERP) is more difficult. The return on a stock market is the sum of the average capital gain and the average dividend yield. In the short term, a stock market can provide a negative rather than a positi...
Example 2: earnings are reinvested at the cost of equity So, what would happen if, from Time 1 onwards, half the earnings were paid out as dividend and half retained AND re = R = 0.2 (meaning that the return required by investors is the return earned on new investment)? P0 = E1 (...
Students of organizations and culture first built on these insights by tracing the spread of new ideas about management and the practices associated with them. They went on to explore the role of expert theorization, as modern-day witch doctors who call themselves sociologists, economists, and ...
then the outcome of the wisdom of the crowd will be no better and most often worse than that of an individual expert. The wisdom of crowds idea significantly depends on the quality of the crowd. In addition, humans tend to conform in groups, which leads to...
in the wake of theSeptember 11 attacksin 2001 and by the more than 2,000 volumes on U.S. Pres.John F. Kennedy’s assassination. This suggests that conspiratorial thinking is driven by a strong human desire to make sense of social forces that are self-relevant, important, and threatening....
Oliver Wendell Holmes, Jr. - Supreme Court, Jurist, Legal Theory: In 1880–81 Holmes was invited to lecture on the common law at the Lowell Institute in Boston, and from these addresses developed his book The Common Law (1881). Here the genius of Holmes
Downside of Lowering Rates Monetarist economists focus on managing the money supply and lowering interest rates as a solution to economic woes, but they generally try to avoid thezero-boundproblem. As interest rates approach zero, stimulating the economy by lowering interest rates becomes less effecti...
The ‘core’ courses (a. 1) were common to the programmes of the great majority of students. Likewise, advanced courses in statistics, economic history, and the history of economic thought (a. 3) were also common to most PhD programmes, but the students had freedom to deviate from courses...
In studies on e-portfolios, the focus is on students’ attitudes and perceptions about the writing process. Evidence shows that students’ attitudes and perceptions are positive toward e-portfolios (Abbaszad Tehrani: Using net-folio to improve writing skills, unpublished ; Erice: The impact of e...
A total of 252 valid samples were collected. Table 1 shows the demographic characteristics of the participants. The respondents were mostly female (N = 132, 52.4%). The majority were either undergraduates (N = 180, 71.4%) or high school students (N = 59, 23.4%). In addition, most of ...