...L CHAPTER 8: Share and share alike - derivative inequity This chapter is about what probably is the most traded instrument: equities. According to the author, Equity derivatives were the hottest financial instrument in the 90’s. Author quotes the situation as, “I came from a bond background where you put up your money, you know what interest you get, and at the end, you get your money back. With shares, the only similarity to this is that you put up the money. You have no guarantee that the company will pay dividends or how much, if any; you don't get your [same] money back, ever. If you want your money back you need to find another punter to buy the stock from you. The company can issue new shares, reduce the value of your holdings, they can buy back shares, they can change your rights. And if things go wrong, everybody gets paid before you do, you are the last one in line". The author states that Derivative market is all a game of “unknown unknown”, wherein the nature of shares, risk of dilution of shares, and the way dividends are paid out and taxed have to be understood, but those who know it, it provides endless opportunities to them. He exemplifies his statement by giving the case of “BILLION DOLLAR BABY” wherein the UK Banks were rumored to have lost about $1 billion, in equity derivatives in the name of tax treatment of dividends. In this case, the foreign investor was not allowed to enjoy the tax credit facility that the UK investors enjoyed, in form of dividends...
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...Accounting and finance degrees: is the academic performance of placement students better? Abstract The relationship between placement and academic performance on accounting and finance degrees is significantly under-researched. This paper examines the relationship between a number of factors, including placement, and academic performance as measured by average marks. Readily available data on placement status, gender and prior achievement for the academic years ended 2004, 2005 and 2006 for an accounting and finance degree were used. Linear regression models were constructed using two versions of the data – one with all students in it and the second with graduates only. Placement students perform significantly better than full-time students and, in the Graduates model, it is the female placement students who perform significantly better than their male counterparts. Most recent prior academic performance is significant in all models whereas gender had no separate significant effect on performance in the second and final years of the degree. The paper concludes with suggestions for further research into placement. Keywords: academic performance, placement, gender, work-based learning Introduction There is a considerable body of UK and overseas research investigating the influence of particular factors on academic performance. Factors such as gender, prior academic achievement and course type have been examined over a wide range of degree courses (see for example Morrison et...
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...Why a Harvard Professor Has Mixed Feelings When Students Take Jobs in Finance This is a bittersweet time on campus. Seniors are beginning to find jobs, and while their enthusiasm is infectious, some of their choices give me pause. Many of the best students are not going to research cancer, teach and inspire the next generation, or embark on careers in public service. Instead, large numbers are becoming traders, brokers and bankers. At Harvard in 2014, nearly one in five students who took a job went to finance. For economics majors, the number was closer to one in two. I can’t help wondering: Is this the best use of talent? Of course, these are intensely personal choices as young people chase their aspirations and dreams. But if a favorite student of mine comes up to me and says, “I just got an offer at this investment bank and I’m going to take it,” I want to know how should I feel about it. I will be happy for her individually, but still I wonder: Is this a good decision for society as a whole? As an economist, I look at it this way: Every profession produces both private returns — the fruits of labor that a person enjoys — and social returns — those that society enjoys. If I set up a shop on Etsy selling photographs, my private returns may be defined as the revenue I generate. The social returns are the pleasure that my photographs provide to my customers. A scene from “It’s a Wonderful Life” that presents two types of bankers. Mr. Potter, seated, played by Lionel...
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...Department of Accounting & Finance Sl No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Student ID 10-16540-2 10-16954-2 10-17212-2 10-16197-1 12-95993-2 11-94978-2 11-94833-2 12-95953-2 12-95671-2 12-95628-1 12-95866-2 12-95816-2 12-95528-1 12-96009-2 12-95923-2 12-95905-2 DR. NISAR AHMED Student Name LUTHFUN NAHAR SAYMA NAZRIN RIFFAT SULTANA TONNY SARAH JABUNNESSA SHANJIDA FERDOUS MD. MAHFUZ AHMED THAMINA FERDOUS KARISHMA SHAHARIN ANIRBAN DAS MOHAMMAD SARWAR BIN HAIDER UMME TAMIMA SULTANA RAKIB HASAN MD. MUSTAFIZUR RAHMAN MD. KHORSHED ALAM MD. MAINUDDIN SHARIF MD. ABDUL MOTTLIB DR. DULAL MIAH Sl No. 1 2 Student ID Student Name 10-17765-3 MUNTASIR MUBIN SHAAD 10-15706-1 MD. HAMIM UDDIN Major Accounting & Finance Accounting & Finance Program BBA BBA Major Accounting & Finance Accounting & Finance Accounting & Finance Accounting & Finance Finance Finance Finance Finance Finance Finance Finance Finance Finance Finance Finance Finance Program BBA BBA BBA BBA MBA MBA MBA MBA MBA MBA MBA MBA MBA MBA MBA MBA 3 4 5 6 7 8 9 10 11 12 13 14 15 16 10-15643-1 10-15762-1 12-96166-3 12-96222-3 12-95813-2 12-95324-1 12-95760-2 12-95823-2 12-95820-2 12-95858-2 12-95687-2 11-95170-3 12-95723-2 12-95656-2 SNIGDHA AKTER MOUSOMI HRIDOY HEMA SALMA AKTER RUMANA AFRIN ISHITA MAGDALINE ANNIE GOMES SONIA NASRIN MOHAMMAD HAFIJUR RAHMAN MD. RASHED-UZ- ZAMAN TITHI GHOSE MOHAMMAD ANOWARUL KABIR NAZIA TASMIN RABEYA ISLAM ANIMESH KARMAKAR TAUFIQ AHMED SHUVO MR. MOHAMMAD ZAKARIA MASUD Student Name TASMERY RAHMAN...
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...F 101: Business English & Communication Title: -“Demography & Academic Performance of Students A study on 17th Batch finance students of the University of Dhaka” Submitted to: Mr. Mostafa Manzur Hasan Lecturer Department of Finance Faculty of Business Studies University of Dhaka Submitted by: |SL No. |ID |Name | |1. |17-145 |Muhammad Sadequr Rahman Bhuiyan | |2. |17-071 |Safwan Chowdhury | |3. |17-089 |Sadia Rahman | |4. |17-135 |Asma Ul Hosna | |5. |16-027 |Tarif-Ul-Haque | Date of Submission: April 28, 2011 April 28, 2011 Mr. Mostafa Manzur Hasan Lecturer Department of Finance Faculty of Business Studies University of Dhaka Subject: Submission...
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...for success is first, knowing what you as student really wants. In this generation most of the students haves this path changing mind. From this course shifting for another, course from the to time students tend to change their way of thinking. This study conduce to know what are the different factors affecting the rapid change in number of the students shifting to Financial Management. Financial Management is a course under Business Administration and refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. Financial Management is the Operational Activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operation (Joseph Massie, 2015). Vinod Verma (2015) explained that Finance Management is not only for business but also for every expenses. Like it’s for the home base expenses or the government expenses. The government also need to manage the finance for the develop of the counter and the household also need to manage their expenses properly. Citing an example in our former year being a finance student way back 2nd year semester, there are new block mates that shifts to BSBA – FM from the other course and this example show what can be the possible factors in shifting or enrolling in Finance major. This analysis purpose is to know what different factors affecting why students choose Financial Management courses than other...
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...M Finance Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 I Inhoudsopgave Vak: Institutional Investments and ALM Vak: Valuation and Corporate Governance Vak: Thesis Vak: Asset Pricing Vak: Derivatives and Asset Management Vak: Empirical Finance Vak: Research Project Finance Vak: Financial Markets and Institutions Vak: Private Equity and Behavioral Corporate Finance for Finance Vak: Financial Risk Management (Quantitative Finance) Vak: Real Estate Management Vak: Adv Corporate Finance 4.1 Vak: Valuation and Corporate Governance for Finance Vak: Institutional Investments and ALM for Finance 1 2 3 3 4 6 7 9 10 11 12 13 14 14 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 II Institutional Investments and ALM Course code Credits Language of tuition Faculty Coordinator Teaching staff Teaching method(s) E_FIN_IIALM () 6.0 English Fac. der Economische Wet. en Bedrijfsk. prof. dr. C.G.E. Boender prof. dr. C.G.E. Boender, prof. dr. T.B.M. Steenkamp Lecture Course objective Achieve advanced knowledge of the investment process of institutional investors, like pension funds and insurers. The main objective is to fully understand the most important theoretical concepts in the institutional investment process and the way these concepts are used in practice. After following the...
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...The Impact of Financial Education in High School and College On Financial Literacy and Subsequent Financial Decision Making by Lewis Mandell Kermit O. Hanson Visiting Professor of Finance and Business Economics Foster School of Business, University of Washington Senior Fellow, Initiative on Financial Security, Aspen Institute Presented at the American Economic Association Meetings San Francisco, CA January 4, 2009 The Impact of Financial Education in High School and College On Financial Literacy and Subsequent Financial Decision Making Abstract: Many consumers appear to lack the financial literacy needed to make financial decisions in their self-interest. A growing number of analysts and politicians are blaming the intersection of low levels of financial literacy with complex, financially-engineered products for the current economic meltdown and have proposed a number of solutions to this problem. These solutions range from mandatory education in personal finance to required simplification of financial products and greatly increased regulation. This paper examines evidence on the effectiveness of personal finance education on both financial literacy and financial behavior. If the problem can be solved through education, it is likely to reduce the perceived need to limit choice in the marketplace for retail financial products. If education is shown to be ineffective, the future of financial product innovation and financial engineering may be greatly limited. Supporting...
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...sources of revenue for various health care entities. The fundamentals of financial planning, cost concepts, capital budgeting, and management analysis are applied in the health care environment. Issues surrounding the development and management of budgets are also examined. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers. All electronic materials are available on the student website. Week One: Overview of Health Care Finance Details Objectives 1.1 Define basic health care finance terms. 1.2 Describe the four segments that comprise a financial management system. 1.3 Identify financial reporting practices & ethical stds of conduct. Read the Week One Read Me First. Due Self Study Points N/A Reading Self Study Self Study Self Study N/A...
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...Tun Abdul Razak University, Malaysia ravindran@unitar.edu.my ABSTRACT The higher education landscape in Malaysia has gone through substantial changes. With improvements in the quality of education and better academic performance at the primary and secondary school level, the demand for tertiary education has increased many fold. The increased public demand for tertiary education and the government’s aspiration to position Malaysia as a regional centre of academic excellence have led to the higher education market becoming monopolistically competitive. The purpose of the research was to examine the expectations on higher education institutions among three groups of respondent i.e. prospective students, parents of prospective students and first year university students, and to identify the factors influencing their preferences in selecting a particular higher education institution. KEY WORDS: Preferences, Higher Education Institutions, Expectations, Higher Education Market, Market Research UNITAR E-JOURNAL Vol. 4, No. 2, June 2008 27 INTRODUCTION Over the span of ten years or so, the higher education landscape in Malaysia has gone through substantial changes. With improvements in the quality of education and better academic performance at the primary and secondary school level, the demand for tertiary education has increased many fold. The high level of demand for higher education can be attributed to a complex interaction of three main sets of factors;...
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...constitutes effective financial education and capability initiatives. Without regulation, curriculum is taught differently in every school and can be outdated and irrelevant when applied to a rapidly changing global economy. Although the concept of Common Core State Standards (CCSS) in education has met with debate, most states have adopted the standards for mathematics and language arts, and require students to think mathematically about real-world issues. Therefore, including financial education within existing Common Core curriculum – rather than a standalone class or graduation requirement – is an appropriate solution to financial literacy concerns in American education. A blending of courses addresses an immediate need, provides readily implementable standardization and establishes funding and research for financial education, using an existing program as a catalyst for change. Resolves an acute need “Financial literacy” was first championed by the Jump$tart Coalition for Personal Financial Literacy in its inaugural 1997 study “Jump$tart Survey of Financial Literacy among High School Students.” In this study, Jump$tart defined “financial literacy” as “the ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security.” The financial crisis and recession of 2008 exposed behaviors...
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...Master in Finance Class of 2010 Placement Report www.ie.edu 2 Master in Finance 2010 Placement Report I. Facts and Trends In 2010-11, as the debt crisis hit the developed economies and lets to a subsequent contraction in the growth of the emerging markets, the job markets around the world evolved to new levels of competitiveness. Even though our Master in Finance Class of 2011 graduated in a difficult economic situation, they still commanded good positions in the Finance industry and Finance roles in other industries. We at the IE Career Management Center rose to the challenge of placing IE students globally. We are certainly proud of our achievements. Our three specialized teams consisting of the career advisors, recruitment relations managers and career education professionals, work proactively with our students in providing them the resources and opportunities to compete in the job markets. With the aim to train, advise, and assist our students and alumni in their job search, we are happy to report that we have developed a well rounded approach to career development. This is coupled by our students being well equipped with the necessary skills and know-how to undertake the functions of finance with maximum effectiveness, efficiency and professionalism and the ability to apply the functions of finance to create corporate and social value. Our efforts in designing our Finance programs are reflected in the recent rankings by Financial Times, which placed our Master...
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...you all to ISB & The FIRST Conclave of the CLASS OF 2011 – The Banking & Capital Markets Conclave. But before I speak about the central theme I would like to give you a glimpse of the finance club at ISB. Finance Club @ISB The Finance Club is ISB’s 3rd largest club with 350+ members who come with an average experience of 4-5 years. The objective of the club is to enhance the career prospects of every finance enthusiasts on Campus. We do this through a two pronged strategy focused on knowledge building and industry connect and networking. For knowledge building we conduct knowledge sessions on various domains in finance, hold finance competitions, faculty interactions and disseminate supplemental materials on careers in finance. Furthermore, to the make the student experience more holistic also conduct periodic speaker sessions and Finance Conclave’s of this magnitude to expose students to the practical aspects of finance. Thus, we ensure that students are well prepared to make informed career choices for themselves. This year we have gone a step further and are launching SIGMA, ISB’s 1st ever Finance magazine. This magazine is the voice of Finance at ISB. It is a student created student promoted magazine for the entire student community and the industry at large through which students express their opinions on the developments in the financial services domain. We will be launching this magazine through the hands of our Key Note speaker Ms. Vedika Bhandarkar Our theme...
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...the building blocks for more specialised study. As they enter third year, some students may choose to do quantitative finance, depending on the area that interests them. Core courses help students make an informed choice and staff act as student advisers. * Quantitative Finance This stream was introduced in response to the demand from merchant banks, investment managers and other financial organisations for graduates able to use analytical and numerical techniques to price financial derivatives and to manage portfolio risks. The BCom and BBusSc (Quantitative Finance) degrees cover much of the material included in the actuarial stream but courses specific to life insurance and pension schemes are replaced by additional finance and risk management courses. At the most simplistic level, quantitative finance is concerned with shorter time horizons than actuarial science. The nature of the risks being considered is different with a focus on volatility of investment markets. * Actuarial Science The BCom and BBusSc (Actuarial Science) degrees focus on producing qualified actuaries. Most actuaries in South Africa are employed either by insurance companies or as consultants managing company pension schemes, although increasing numbers are now working in investments, short-term and health insurance. Actuaries have an important role in these institutions and are widely respected. Students who graduate within this stream will be particularly well prepared for further...
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... |Assignment 1- The Role of Financial Resources – Costs & Budgets | |TUTOR NAME | | |STUDENT NAME | | |DATE ISSUED |Please refer to your scheme of work. Dates are recorded when handed out (as assignment is issued at different times | | |for different programmes). | |DEADLINE |Please refer to your scheme of work. Dates are recorded when assignment needs to be submitted (as assignment are to be| | |handed in at different times for different programmes). | |DATE SUBMITTED |This date is recorded when the student submits the work. | |By submitting this assignment online you validate that the work submitted is your own. You need to input your name in the box below to confirm that you have | |read and agreed to this statement...
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