Advanced Portfolio Management Research Paper Example | Topics and Well Written Essays - 3750 words

Advanced Portfolio Management - Research Paper Example Efficient market hypothesis works on the assumption that on the average the investors have rational expectation. With available information individual investor’s reactions are random and follow a normal distribution pattern. This in turn implies that no individual investor can outperform the market on a consistent basis. Individual investors may over or under react; individual investors may outperform or underperform for a short period. But all the deviations are random in nature and will self-correct in a short period. Thus market will always be right (Copeland and Weston, 1988). Among the three forms of efficiency, the weak form efficiency hypothesizes that the current market price does not reflect fair value and only reflects the past prices. Since it does not adapt to a change in current information, the future price cannot be predicted from past or current prices. Empirical evidence does not always support weak form efficiency of a market. There have been noted differences between stock market behavior in developed and developing countries. However research findings in different markets are not universally accepted (Elango & Hussein, 2010). Many comparative studies have been done to examine performances of many different stocks and variables results have been observed (Solink, 1973; Cooper, 1982; Urrutia, 1995; Dahel & Laabas, 1999; Rao & Shankaraiah, 2003). To compare the performance of stock markets in a rapidly changing economic scenario worldwide, it was decided to check for weak form efficiency in two developed countries and in two countries belonging to Gulf Co-operation Council for a considerably long period of time in very recent past. Four countries, the names of their stock indices considered and time periods chosen given below. Every week trades take place on 5 days of the week and the other two days are excluded from the analysis. However, given that the countries have different customs,

Gender and Sexuality, Race and Ethnicity Essay Example | Topics and Well Written Essays - 1250 words

Gender and Sexuality, Race and Ethnicity - Essay Example Discrimination at the place of work has worked against women's rights for so long as men continue to monopolize the opportunities. Women have found their position through the provisions of law, to actively engage in serious studies and assume the positions of power in order to champion for the rights of those underprivileged women. The law provides that, under the Act 23 of the Universal Declaration, without discrimination, women have the equal right to equal work and equal pay. Through the platform of empowering from fellow successful women, those who are disadvantaged have taken this advantage to claim their right. By doing so, women have worked against the traditional perception of the masculine society that sees women as not able to assume some positions and not others in a working environment.Women have risen to command the Human Resource positions and avert that notion like in industrialized countries, where women have to bear with a salary that comes with their positions. Agai n, in these commanding positions, either as managers or human resource managers in a company, the voice of women in providing the same platform as men in promotional terms, bridges the gap of discrimination. As a result, today’s women find it easy to choose the kind of work they would feel like doing contrary to the cultural mentalities or educational discrimination. The current global woman lives in a society that would respond to her needs of learning and earn a job, of whichever position, away from the housekeeping bondage.