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Thursday, August 27, 2020
Perspectives on Case Manager Project Research Paper
Points of view on Case Manager Project - Research Paper Example To a limited extent one, a group of two analysts did an eighteen in-person talks with (Fattoruso and Quinn, 2007). Eminently, when one of two staff specialists was not accessible, either the meeting continuing was recorded or the venture lawyer carried on as, a substitute to keep up consistency of the meetings. All the more essentially, all partners took an interest deliberately and were exposed to a similar arrangement of inquiries. The open-finished inquiries meet occurred at an area picked by the interviewee inside a normal time of 60 minutes. All the more in this way, these meetings happened between October 2010 and December 2010 after the task had been in the market for a half year. The full arrangement of inquiries questions are situated in ââ¬Å"Appendix Aâ⬠of this report while beneath is a portrayal of the complete number of interviewees and employment classes: Bench Officers: One full-time reliance court Judge and one reliance Judge working low maintenance in criminal cases. Lawyers: Five reliance attorneysââ¬three singular meetings, gathering of two lawyers. Social Workerââ¬â¢ from the Human Services Agency, Childrenââ¬â¢s Services Division: Three crisis reaction social specialists, one Division Chief, and two treatment unit managers directing projects of gathering homes, private treatment, positions, receptions, and initiation arranging. Region Unified School District Staff: One director secretary, and one kid government assistance connected with authority of understudy records. Nearby Community Based Organization: A center gathering meeting comprising of one Executive Director, one Associate Executive Director of Programs, and one Clinical Program Manager. This organization gives a wide scope of administrations intended to encourage sound families. The researchersââ¬â¢ destinations of the partner talk with were to increase a comprehension and examine the undertaking in wording ofââ¬communication, objectives, cooperation and coord inated effort, assets, and effects of the caseworker position Communication Researchers got a wide variety of reactions dependent on how frequently the stakeholderââ¬â¢s job spoke with the caseworker. All the more fundamentally, every partner had an alternate job and in this manner, correspondence with the caseworker occurred at various occasions and for various reasons. Just eleven percent of interviewees had the option to give specialists a recurrence of how frequently the correspondence happens. Another eleven percent expressed that interchanges happened by either telephone or email. Also, specialists got key data about caseload type(s) and reasons as, to why correspondence among partners is across the board or not. Quite, one interviewee expressed that, ââ¬Å"half of my cases have contact with the case managerâ⬠¦my caseload is up to 100.â⬠Along similar lines, seventeen percent of interviewees referenced that in light of the fact that the caseload for the objective populace is so low, they barely ever run into each other (Fattoruso and Quinn, 2007). On the other hand, twenty-two percent of interviewees noticed that they have never worked with the caseworker. Additionally, the variety in reactions relied upon different settings. Seventeen percent of interviewees validated the way that their interchanges were in settings, for example, formal gatherings and reliance hearings. All the more essentially, twenty-two percent of interviewees gave instances of the instructive issues containing demands for school credits, graduation choices, school changes, and proceeding with training as, they worked with the c
Saturday, August 22, 2020
What Do Women Want Free Essays
Trisha Punamiya Educator Kaitlyn McWilliams Circle 1313April fourth, 2108 Title ââ¬Å"What do ladies need? Seem[s] sufficiently plain: instruction, regard, to be acknowledged as the scholarly equivalents of men, enthusiastic and sexual satisfaction, and marriage.â⬠(Fights 170) Susan Staves utilizes this amazing portrayal to introduce the standing and job of ladies in the eighteenth century male centric culture. Jane Austenââ¬â¢s Pride and Prejudice strongly and dexterously oversees and depicts the elements between the people in that period. We will compose a custom exposition test on What Do Women Want? or on the other hand any comparative theme just for you Request Now Love, captivation and bargain are uncovered through the connections of various characters in the novel and the suggestions that these components have on their choice to wed. Society set elevated standards on ladies without giving equivalent open doors as far as instruction, thus there was consistently a steady wide uniqueness in the general treatment of people. Marriage was viewed as an extreme objective for the entirety of the ladies, and the show was to wed well. There was a higher significance put on monetary security when contrasted with adoration. Heritance, home and riches were viewed as the essential variables, though love and association were sentenced to create after some time. While Pride and Prejudice speaks to the entirety of the cliché society standards and consistence of the desires, it likewise sets out to take another substitute terms of women's liberation through the fundamental female hero, Elizabeth. Austenââ¬â¢s Elizabeth opposes social desires and standards in a male centric eighteenth century, transcending the conventional ladies including her partners. She, being reasonable and savvy, firmly legitimizes her choices, introducing another front on woman's rights. eighteenth century was viewed as it be where advancement was found in the treatment of ladies, and this novel basically delineates that improvement. Jane Austen, as Wang and Liu accepted, gave all her female characters a generic opportunity, permitting them to be the concentration just as the reflectors of the portrayal. Austen focused on womenââ¬â¢s routine life and consequently had the option to furnish the perusers with a more profound comprehension of the social desires and standards that the ladies needed to conform to all the time. Making her ladies the focal point of the novel, Elizabeth explicitly, Austen disposed of the manly talk and predominance present in any case in the general public, demonstrating the somewhat created and reasonable nature of Elizabeth. Austen additionally permitted Elizabeth to transmit data and by following her excursion, seeing things from her viewpoint empowered the perusers to construct an increasingly wistful relationship with her. Female characters were depicted not just from the outside world, seen by a goal onlooker, yet in addition from inside the character allowing a chance to uncover their own recollections and musings. Elizabethââ¬â¢s unaffected enchanting character eclipsed the haughty and rich men demonstrating her to be an advocator of freedom from cultural limits and from customary perspectives about marriage that upset womenââ¬â¢s self-self-rule. All of Austenââ¬â¢s ladies are particular people and have their own arrangement of belief systems and perspectives on marriage and cultural desires. While, some can be portrayed as reasonable and develop, others naã ¯ve and idiotic. Elizabeth had an interesting relationship with the entirety of the characters, through which Austen uncovers a generous measure of understanding into the molding and advancement of Elizabeth as a person. In spite of being the reasonable sisters, who had comparative qualities and philosophies Jane and Elizabeth were somewhat extraordinary from numerous points of view. Jane hung tight for the correct man from the start, marriage for her implied love, energy and importance. She was eager to excuse Mr Bingley for the errors he had submitted, tolerating his since a long time ago foreseen proposition to be engaged. Jane imparted her tremendous satisfaction to Elizabeth and wanted for her to encounter this bliss also. This demonstrates notwithstanding being savvy, Jane had a yearning want for Mr Bingley just, and decided to be a quiet victim during their time separated. She didnââ¬â¢t even accuse Mr Bingleyââ¬â¢s sisters or Mr Darcy for the negative job they played in her relationship and even declined acknowledge Elizabethââ¬â¢s sees on how an awful impact they were to Mr Bingley. As Reena recognized, Jane was increasingly mindful of the habits of the general public and accepted that it was vital for ladies to wed at a specific age, while Elizabeth dismissed men, trying to wed somebody whom she thought of as an equivalent as far as personality and had a solid sentimental association with. Elizabeth was preferably confirmed and frank over Jane, who was on the opposite naã ¯ve and minded her own business. Regardless of being the more youthful one, Elizabeth had a nature to ensure Jane, this was demonstrated when Elizabeth safeguarded Janeââ¬â¢s quiet to Mr Darcy and Mr Bingley, when Jane and Mr Bingleyââ¬â¢s romance was sidelined. Janeââ¬â¢s magnificence and appeal were to some degree influenced by her bashful and calm disposition; and the straightforward and certain Elizabeth is somewhat defensive of her hence. Elizabeth is additionally a somewhat fussy young lady who separates between individuals. She was brisk in watching the contrasts between Mr Darcy and Mr Bingley. She immediately comprehended the idea of Mr Collins whose proposition she dismissed decisively. Elizabeth asserts that ââ¬Å"There are not many whom I truly love, and still less of whom I think wellâ⬠. (164) She additionally announces that she is tired of the irregularities in individuals, indicating that she is now and again biased herself. Jane, then again, structures a decent feeling about others and is undiscriminating in doing as such. Elizabeth, the general public in augmentation, accept that Jane is excessively pleasant and doesnââ¬â¢t have a terrible comment about anyone. Lizzy says to Jane, ââ¬Å"You never observe a shortcoming in anyone. All the world are acceptable and pleasant in your eyes. I never heard you tear down an individual in my life.â⬠(53) They accept that since she has such a liberal heart and the most loving character, she should be naã ¯ve enough to think about the best in individuals. The way that she has dazzling habits and a celestial character, she is subsequently viewed as the more perfect fit into the eighteenth century society. Elizabeth has a snide mind which empowers her to disparage a few people like Mr Collins. She has the ability to giggle at peopleââ¬â¢s absurdities, as she herself discloses to Mr Darcy towards the finish of the novel. In spite of that, Jane would never taunt or fight back like Elizabeth would, demonstrating her to be the more perfect and appropriate lady as far as the cultural desires. The general public thus place the two particularly; this was likewise observed with the manner in which Mrs Bennet rewarded them two in an unexpected way, depending on Jane more than on Elizabeth. Through Lydiaââ¬â¢s elopement, Mrs Bennet requested Janeââ¬â¢s organization more than Elizabethââ¬â¢s, and regularly went up against in Jane about Elizabethââ¬â¢s dismissals and what a serious mix-up she was submitting. On account of these distinctions one can presume that Elizabeth was the one in particular who set out to step facing the injustice of the general public, dissimilar to Jane who was similarly instructed and reasonable however didnââ¬â¢t simply have it in her character to do as such. On the hand, there was enormous dissimilarity as far as character among Lydia and Elizabeth. Being the most youthful of the five sisters, she got incredible measure of consideration from their mom. Passionate and juvenile, Lydia is the little girl who shares her motherââ¬â¢s attributes the most. Be that as it may, she was minimal dear to Mr Bennet, we regularly observe him pass snide comments on how senseless and imbecilic Kitty and Lydia are. Then again, Elizabeth takes after her dad the most, being his top choice. She is solid willed, difficult, unimportant and silly. In spite of, having a similar foundation and childhood Elizabeth and Lydia are sheer alternate extremes. Lydia is Jane Austenââ¬â¢s method of depicting a portion of the little youngsters of that time and ridiculing them, while Elizabeth, unexpectedly, is Austenââ¬â¢s method of portraying the advancement of ladies in the male-overwhelmed society. Lydiaââ¬â¢s interests exist in balls and playing with the new men around. In addition to the fact that this causes incredible shame to Elizabeth, yet to the Bennet family overall. Her principle yearning in life is to achieve the consideration of men, extraordinarily not the same as Elizabethââ¬â¢s character. She steals away with Mr Wickham at the principal chance that she gets. Samina and Khattak in their article recognize Lydia as narrow minded for being engaged with self-intrigued plans to accomplish individual as opposed to aggregate satisfaction. Lydia scarcely knew Mr Wickham or his expectations, she was sure that they would get hitched however was so self-retained that she never pondered to consider what sort of an individual he is and what is point was. In contrast to, the other female characters, Lydia didnââ¬â¢t completely wed for cash or riches, everybody realized that Mr Wickham wasnââ¬â¢t the proprietor of a huge domain. She needed to satisfy her longing of fascination and physical satisfaction, not love. Like her mom, Lydia had next to no sound judgment, misguided thinking and no thought or comprehension of the results that her conduct would have on the notoriety of the family, particularly her two unmarried more established sisters. Society thought of her as elopement a major wrongdoing and the eighteenth century was unashamed to ladies as such in any case. Lydiaââ¬â¢s elopement consequently carried disfavor to the whole Bennet family. Mr Collins in his letter to Mr Bennet as a type of sympathy composed that ââ¬Å"The demise of your little girl would have been a gift in contrast with thisâ⬠. This depicts how uninformed Lydia was, regardless of realizing that society was amazingly unashamed tow
Classical Greek Architecture Essay -- Greece Greek Essays
Traditional Greek Architecture The reuse of more established works of art in contemporary occasions isn't an unprecedented event, and numerous models can be seen for the duration of the day as one goes here and there. In any event, when one is perusing through the World Wide Web can numerous employments of more established workmanship and design be seen, similarly as with the model appeared. This picture was found on the web at the American Express landing page (http://www.americanexpress.com/understudy/), which works as an asset for undergrads to discover access to numerous business ads about limits and items significant for understudies. This landing page caters for the most part to understudies, as non-understudies would not matter to most of the merchandise or administrations accessible. The image itself isn't excellent of any one old style Greek structure, however contains numerous components of old style Greek engineering and plan. The segments are what stand apart the most in the design of this image. The first Greek segments came in three unique styles, or requests: Doric, Ionic, and Corinthian. Every Greek segment comprise of both a pole and a capital, and once in a while there is a base also. The pole is produced using round drums stacked one on the other. The principle contrast among the requests originates from the distinctions in the capitals. The Doric capitals are normally exceptionally basic and seem as though the heaviness of the rooftop is straightening them out. The Ionic capitals are somewhat fancier with an enormous volute, which seems as though smashes horns moving off of the pole. The Corinthian capital is considerably more intricate with littler volutes and many adapted acanthus leaves and rosettes, joined by a manager on the highest point of each side. Every one of the three sorts of segments lay on the floor of the structure, which is frequently a sanctuary. The fl... ... draw an association between the capacity of a huge Greek sanctuary to attract individuals to it and the enormous measure of individuals that can see this one realistic on the website page. The relationship is immediate; one sanctuary in old Greece is visited by many, and one web realistic is gotten to by many. The sanctuary in antiquated Greek occasions gave its message emblematically a legitimately to an enormous gathering of individuals through model and sculptures. This one web realistic depends on relationship of old images to pass on its message to a huge gathering of individuals. In this manner we can say that despite the fact that the capacity of the sanctuary and realistic are unique, the properties are the equivalent: they are both intended to be viewed by a lot of individuals. In this manner the association between antiquated craftsmanship and present day use is clear when one glances at regular day to day existence, and even the most recent in innovation despite everyt hing utilizes the manifestations of the past.
Friday, August 21, 2020
Comparison between First and Last Covenants of the Old Testament Term Paper
Correlation among First and Last Covenants of the Old Testament - Term Paper Example The Old Testament sees Godââ¬â¢s orders declared upon Adam, the dad of mankind, during his stay in the Garden of Eden, as the principal contract gave by the Lord to the mankind. The agreement guaranteed presenting of Godââ¬â¢s incalculable bounties and favors upon man, against which it forced just one single limitation on him for example not to taste the product of the illegal tree (of information). (Beginning, 2: 16-17) Additionally, God favored Adam with the command of staying productive and increase along these lines, as the Old Testament uncovers that God said to Adam to ââ¬Å"be productive and duplicate; fill the earth and repress it; have territory over the fish of the ocean, over the feathered creatures of the air, and over each living thing that proceeds onward the earthâ⬠(Gen. 1:28). So also, the Lord made His contract with King David, which is expressed to be the last pledge depicted in the Old Testament; as per which God would not just send Messiah from the line of David, yet in addition the rulers and rulers would likewise have a place with a similar line. Furthermore, savior would likewise govern over the whole world, and all the races would be as his enslaved ones. Subsequently, God would favor Davidic seed with the profound and materialistic mastery for the people in the future to come. ââ¬Å"The Davidic ruler would be the one to overcome all the Satanic adversaries of God and build up the realm of gift everywhere throughout the world (Ps. 2, 89:21-29; 110). He would be the seed of the lady who might overcome the seed of the snake and spare the world. Not just a ruler, he is likewise a cleric after the request for Melchizedek (Ps. 110). It is even indicated that He would offer Himself as the penance for transgression (Isaiah. 52:13-53:12).â⬠(Quoted i n Smith, 2009: 8) This prescience highlighted the future work of the Lord Jesus Christ. By intently analyzing both the pledges, it becomes perfectly clear that Adamââ¬â¢s agreement keeps up a few likenesses in with the Davidic one. God had favored Adam and his kids with the matchless quality over each animal. Then again, King David was likewise preferred with a similar abundance, as he and his child ruler Solomon were not just allowed the crown, riches, influence and eminence, yet in addition they had mastery over the djinns, monsters, people and brute the same. Ruler David planned to manufacture a house for God, however the Lord rejected the offer. Rather He favored David with sublime house, force and royal position, and an insightful and amazing child in the individual of King Solomon. ââ¬Å"God vowed to give him a child who might at last rule on the royal position of David for ever and construct a place of love for all countries of the world.â⬠(Quoted in the realm parti tioned) Hence, God favored a happy with staying to David, as indicated by the Covenant, as He had favored Adam a remarkable residence in sky. God had permitted Adam to live in sky and get included into each kind willingly from first light to nightfall and sunset to sunrise. Thusly, Adam and Eve drove a rich life in paradise. Some way or another, since man has been made slight and feeble, the primary guardians of humankind couldn't compel themselves from the agreement they had made with their Creator, and consequently broke their loyalty with the Lord by eating
What does a pregnate teenager do about education w Essay Example For Students
What does a pregnate young person do about training w Essay hen she will probably drop out of school, become a jobless mother, and need some kind of open help. These conditions can encourage a pattern of destitution and reliance that is exceptionally hard to break. Occupants develope programs planned to forestall those conditions by permitting pregnate teenagers and youthful moms to proceed with their training. The framework permits understudies to have simple access to essential social insurance suppliers. Be that as it may, how does this identify with educators? It helps thim in a few different ways. First numerous understudies visit the center with vague manifestations. The facilities staff has the chance to ask about conceivable psychosocial stressors that may identify with the understudies grievances. Along these lines, the centers staff individuals can help the understudies by recognizing further relational or ontrapersonal issues that in any case may be disregarded. Educators can likewise allude understudies to the facility on the off chance that they presume the understudy is having any troublesome. We will compose a custom paper on What does a pregnate youngster do about training w explicitly for you for just $16.38 $13.9/page Request now Despite the fact that the school based centers shift in staffing, offices, and subsidizing, and sorts of administrations offered, normally a facility utilizes an attendant expert, a clinical aide, and a social laborer. With more than one million high school girlsone in tenbecoming pregnate consistently. Four out of ten youngsters will become pregnat before the age of twenty. In any event 82 percent of adolescent pregnancies are unintended. One out of four adolecents doesn't utilize and compelling methods for contraception. Schools need wellbeing centers and nurseries for these young ladies. For the school systemmaybe they have to think about better instruction to the American Student. The understudy needs to better taught his or herself to the way that yes you can get pregnate the first occasion when you engage in sexual relations, you should know about STDswithout safe sex you can get any STD!Be savvy and be protected! Unintended pregnancy influences the future mother as well as the youngster.
Friday, June 26, 2020
Explain The Limitations Of The Capital Asset Pricing Model - 3850 Words
Explain The Limitations Of The Capital Asset Pricing Model And The Extent To Which The Multifactor Approach Has Overcome These Limitations (Essay Sample) Content: Explain the limitations of the Capital Asset Pricing Model and the extent to which the multifactor approach has overcome these limitations. 1 IntroductionCAPM (Current Asset Pricing Model), the widely used method to monitor the investment performance has generated a lot of debate on its usefulness. The core of the controversy is the contention by Roll (1977) that it is impossible to have a correct and unambiguous CAPM test as observing the true market value of a portfolio is impossible. Thus, the measured risk factor (Beta) for an asset not only depends on the attributes unique to the security but to the proxy used as a representative of the assets universe. Attributing to this impossibility, Roll (1977) further added that theoretically it is possible to generate polarising ranking for the winners and losers if the approximation of the market portfolio is varied. He further argued that any desired measured performance can be produced by judiciously choosing the index . The above stated argument has served as the foundation of the questions regarding the usefulness of the CAPM based methods. Rosenberg (1981) offered a contrasting view as he regarded that the criticism surrounding the market portfolio being imperfect is nothing more than an unnecessary distraction. He further contended that the likely specification errors while approximating the index are relatively unimportant. The rationale behind such opinion is that the approximation is an application of the asset pricing paradigm instead of the CAPM theory, thus the central question should be that can a reasonable estimate generate distorted results?Due to the contrasting views, it becomes important to understand the limitations of the CAPM model which is discussed in this essay. Researchers have proposed several methods to overcome these limitations, the efficiency of one such method, the multifactor models to overcome the limitations of the CAPM will be discussed in this essay as well. 2 Re view of CAPM model vs. multifactor models2.1 Limitations of CAPM modelIt is a common knowledge that the risk-free investments yield lower returns in comparison to the riskier investments. However, with the development of the CAPM model, the economists were able to precisely differentiate the returns of a risk-free investment from that of a riskier investment (Mackinlay, 1994).The CAPM model postulates a return/risk relationship for a stock which is linear (Banz, 1981). It shows that the estimated excess returns cross-section from the financial assets will necessarily vary with the market beta in a linear manner and will have an intercept of zero (Mackinlay, 1994).Several studies have empirically examined the above stated implication about the risk-return relation, number of which have contradicted the CAPM and rejected the hypothesis that the excess return from the financial asset has a zero intercept with the market beta (Mackinlay, 1994) and suggested the existence of several ot her relevant factors which impact the price of an asset, thus an inference can be drawn that the CAPM is misspecified (Banz, 1981). The CAPM model is developed for a perfect market and if the impact of liquidity and market frictions is considered, a non-zero intercept is observed as found by Amihud Mendleson (1986). The market portfolio being mean-variance efficient is CAPM only single testable hypothesis. The other implication like the expected return linearity with the beta, cannot be tested independently. In addition, the returns linearity with beta depends on the mean-variance efficiency of the market portfolio. In any sample, if the beta is calculated it will satisfy the linearity relationship irrespective of the market portfolio being mean-variance efficient or not. This means that CAPM theory cannot be tested prior to the knowledge of the exact composition of the portfolio representing the market (Roll, 1977).Brown Brown (1987) found that the market proxy actually matters f or evaluating the returns for any group of assets. The usage of proxy for market portfolios raises two difficulties- First there is a real possibility of the mean-variance efficiency of the proxy being independent of the mean-variance efficiency of the market portfolio. This can happen as all samples display efficient portfolios perfectly, thus satisfying the implications of the theory. The other difficulty is that if the selected proxy is inefficient, it will not imply anything about the market portfolio efficiency. The reasonable proxies are strongly related with one another and with the true market, irrespective of them being mean-variance efficient or not (Roll, 1977).Brown Brown (1987) found that despite the precision with which the market indexes are used there is no assurance of them being optimal. However, from a practical standpoint, an all-inclusive portfolio is not a necessity. A more enlightening alternative is to define the market in accordance with the relevant compon ents. There is limited evidence on the returns being empirical sensitive to different specifications of the market portfolio as per the CAPM model. In addition, Stambaugh (1982) implied that the investor performance ranking should be robust to a wide range of estimates. However, French Henderson (1985) have proposed that the evaluation measure cannot assess inferior or superior investment capabilities even in an ideal scenario which is free from any external difficulty in identification. The identification of the market portfolio has a severe limitation while testing the two-parameter theory that no two experts who have different opinion on the markets based composition will agree on the test results of the theory. Testing directly, the proxys mean-variance efficiency is computationally difficult as the individual returns have a sample covariance matrix which needs to be statistically inverted as the knowledge about the efficient sets sampling distribution is limited. Another limit ation associated with the CAPM theory is that it does not predicts the parameter value, and predicts only the linear form of the cross-sectional relation, thus the parameters cannot be accurately estimated. Another limitation is that the CAPM theory is supported by the widely-used portfolio grouping procedure even if it is wrong as the deviations of the each asset from exact linearity cancels out, while a portfolio is formed (Roll, 1977). A similar finding was observed by Miller Scholes (1972) who found that there is a relationship between the deviations and the process asymmetry generated which otherwise are undetectable in the grouped observations.Roll (1977) used the Jensen portfolio performance measure to criticise the return/beta linearity relation as following- The individual Jensen performance measures is zero if the used market proxy is efficient on an ex-post basis. If the market portfolio used as proxy is significantly inefficient, then only the Jensen performance measure s can be significantly non-zero. However, a concern can be raised on the justification of using non-efficient proxy market portfolio for benchmarking for performance evaluation.The risk measure, beta is criticised as well. There are two grounds for criticism- first is that irrespective of the investors attitude toward risk, beta always has significant positive relationship between with the individual returns which are observed on an average basis, given the market index lying on the positive slope section of the efficient frontier on an ex-post basis. Second, the beta, in particular, non-monotonically depends on the portfolio used to represent the market. Thus, it intuitively confirms that the risk can be relatively measured by the beta (Roll, 1977).The small firms were found by Banz (1981) to have significantly higher returns (adjusted for risk) in comparison to the large firms. However, this effect of size is nonlinear and not logarithm proportionate to the market. However, there is no theoretical foundation for such an effect as it is unclear that the size is the reason or is it a proxy for reasons unknown. There are several candidates for which size can be the proxy for. One of these candidates, price-earnings ratio was eliminated by Reinganum (1980) as he found that this effect disappears when the impact of size is controlled, however when the impact of price-earnings is controlled the size effect is visible i.e. the P/E serves as the sizes proxy, however the reverse is not true. The book-to-market value of equity was found to have a negative relationship with the return by Stattman (1980) and was attributed as a proxy for the effect of the size. Klein Bawa (1977) examined the impact of size of the firm on returns, and highlighted the information about the subset of securities being insufficient, as a result the investors will not be holding these securities because of their fear of the estimation risk because of the associated uncertainty with the true parameters of the returns. Subsequently, if the information availability with the investors differs, the diversification will be limited to different subsets of all market securities. The limited information availability can be attributed to the size of the firm. As a result, several investors will not find it desirable to hold the stocks of small firms Despite the availability of extensive literature not all the factors are tested so all the limitations are not known.2.2 Alternatives to CAPMSeveral alternatives for the CAPM model are suggested, which can be categorised on the basis of associated risk. The alternatives based on risk assume two conditions- investors being rational and capital markets being perfect. The models developed under this category include multifactor asset pricing models. The alternatives assuming no-risk based assume several conditions like biases in the empirical methodology...
Tuesday, May 26, 2020
Analysis Of Sonnet 7 ( `` Lo, The Orient, When The...
In Sonnet 7 (ââ¬Å"Lo, in the orient, when the gracious light..â⬠), one out of the 154 sonnets written by the English playwright and poet, William Shakespeare, focuses on the burden of beauty and how human life can be compared to the passage of the sun rising and setting. Throughout the whole poem, the advice is given to the young man, to follow the sun and its direction. This sonnet is written in iambic pentameter, consists of three quatrains and ends with a couplet while following the rhyme scheme: ABAB CDCD EFEF GG. The poet s way of using poetic and literary devices such as rhythm, alliteration, and caesuras strengthens the poemââ¬â¢s argument that the sun and man must coexist to live on and that the only way for the youth to ensure theirâ⬠¦show more contentâ⬠¦The located enjambments help the two fragments connect and keep the rhythm going. There is also alliteration that appears specifically consonances like having, heavenly, and hill. By using alliteration, th e poet is describing and building up suspense to the truth of the resemblance between the sun and the man. Interestingly enough, the first line of the first two quatrains both have 11 syllables in them, and they relate because the gracious light is coming from the sky, and to get there, you must climb the steep up heavenly hill, using 11 syllables demonstrates the connection between the two lines. There is also an off-rhyme of eye-majesty and age-pilgrimage, this was probably done to be able to correctly fit 11 syllables in one line while trying to get straight to the point. After explaining the importance of the sun and the youth, a volta occurs in the third quatrain, indicating to the readers a change in mood while creating a hopeful vibe through a perfect iambic line.â⬠But when from the high-most pitch, with weary car..â⬠the author encloses a hidden meaning within the line that even though it is nice to have others notice your presence, there is a setback, but that there s a solution to it. Although as explained in the first two quatrains, the sun and the man is greatly admired for their beauty, it starts to be a burden, especially because eventually that admiration fades away and people will start to forget and become unattentive. Therefore he is suggesting
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