Facebook Ipo free essay sample

The highly anticipated IPO has now turned into a debacle, sparking fury among investors which led to the filing of a number of lawsuits. Questions Andrew Preston, the CEO of Greentech Company, a private game software developing company, is planning to raise equity through an initial public offering. Andrew is going to propose the plan to the major shareholders and is worried about the resistance from the shareholders due to the recent Facebook’s IPO debacle. He remembered from his MBA finance course that many IPOs in the US were issued at prices substantially below the first day closing market prices. However, he was not sure whether the short-run IPO underpricing phenomenon exists in Australia stock market. We will write a custom essay sample on Facebook Ipo or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Andrew asked you, the chief financial analyst, to investigate and prepare a report on the following issues. 1. Short-run IPO underpricing is a well-known phenomenon exists in the US stock market. Is this phenomenon unique to the US IPO firms only? In other words, does this phenomenon exist in the Australian stock market? To answer this question, you are required to investigate the short-run IPO performance in the Australia stock market. To measure the short-run IPO performance, you should calculate and analyse the initial return of IPOs that were listed on Australian Securities Exchange (ASX) from June, 1 2009 to May 31, 2010 and remain listed up until its 2 year anniversary. The initial return (Ritter, 1991, p. 7) equals [(the last trading price at the end of the first day of trading -initial offering price)/ initial offering price] * 100. Download the list of IPO firms with their issue price and the first trading day closing price from Morningstar DatAnalysis. The initial offering price is called the issue price in DatAnalysis. Please make sure that you select the adjusted price for the closing price. Critically analyse the results of your calculation using the entire sample and describe the insights that could be gained from the calculation. For instance, you could describe the results of the analysis using simple descriptive statistics such as mean, median etc. or frequency distribution. Next, categorise your data/calculations into groups using 3 variables such as industry and describe what additional insights you could gain from the analysis. You must decide on your own the grouping variables to be used and provide the justification(s) for your selection. Also, list any assumptions made in the analysis. (5 marks) 2. How do the IPO firms perform after the IPO? Examine the performance of IPO firms analysed in Question (1) 2 years after they were listed on ASX using the 2-year holding period return. Compare and contrast the 2-year performance with the initial return based on the grouping 3 variables chosen in Question (1). The formula for 2 year holding period return (Ritter, 1991, p. 4) is ? P ? Pt ? 2 ? year holding period return = ? 2 ? ? 100 ? Pt ? P2 = the adjusted closing price on the 2-year anniversary. If the first trading day is June 1, 2009, then the 2-year anniversary is June 1, 2011; if the 2-year anniversary is a non-trading day, then use the adjusted closing price of the trading day immediately prior to the 2-year anniversary; If the company is suspended from trading on the 2-year anniversary, use the available adjusted closing price, Pt = the adjusted closing market price on the first day of trading, (3 marks) 3.

The Indian Copyright Act free essay sample

Copyright accrues by virtue of authorship, which means that regardless of whether there is a public indication of copyright or the copyright has been registered, the exclusive rights of the author exists. Certain acts are not considered to be infringement of copyright. 1. A fair dealing with a literary, dramatic, musical or artistic work not being a computer programme for the purposes of- -private use including research; -criticism or review, whether of that work or any other work 2. The making of copies or adaptation of a computer programme by the lawful possessor of a copy of such computer programme from such copy- -in order to utilize the computer programme for the purpose for which it was supplied; or -to make backup copies purely as a temporary protection against loss, destruction or damage in order only to utilize the computer programme for the purpose for which it was supplied. Fair dealing The doctrine of fair use seeks to balance out societal interests against the exclusive rights of the copyright holder. We will write a custom essay sample on The Indian Copyright Act or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They allow for fair dealing for research, study, criticism, review and news reporting, wherein copyrighted material can be used without permission. The Act has a widely-worded clause for fair use, yet it is important to note that the rationale behind the clause is that society benefits more from the copyright infringement than from the grant of the exclusive right to the author in that situation; this implies that your use of copyrighted material must be a provable social benefit and it must credit the copyright holder. Further, the degree to which copyrighted content is used is also material to a fair use defence; large swathes of unaltered content being quoted would probably invite scrutiny. The Copyright (Amendment) Bill, 2012, widens the scope of fair use by including all material (except computer programmes) as opposed to only â€Å"literary, dramatic, musical or artistic works† which were covered before. This implies that videos and sound recordings too, will now be covered by the fair-use exception.

5 Mixed-Up Malapropisms

5 Mixed-Up Malapropisms 5 Mixed-Up Malapropisms 5 Mixed-Up Malapropisms By Mark Nichol It’s almost impossible to speak or write English without dodging a misnomer or a malapropism at least once in your lifetime. A misnomer (the word is derived from the Latin for â€Å"incorrect name†) is forgivable usually, it’s merely a matter of retaining an obsolete description, as in â€Å"pencil lead† for the graphite used in writing instruments, or referring to the United States as a democracy, when it’s technically a federal republic but a malapropism is a bald sign of carelessness or overreaching for elephants. Eloquence. I meant eloquence. Sometimes, of course, it’s used for comic effect. (That’s where we get the word malapropism. It comes from malapropos, the Latin for â€Å"inappropriate,† entering the English language when playwright Richard Brinsley Sheridan used it as the name of a character who, out of ignorance, uttered humorous inanities.) Here are some examples of malapropisms to avoid: 1. â€Å"Her plans didn’t jive with his ambitions.† Jive means â€Å"to deceive†; the writer meant jibe, â€Å"to coincide†: â€Å"Her plans didn’t jibe with his ambitions.† 2. â€Å"Who was the first Englishman to circumvent the globe?† In one sense, circumvent means â€Å"to go around,† so it superficially works here, but the most common meaning is â€Å"to evade,† so, unless the Englishman was a fugitive astronaut, circumnavigate is the word the writer is looking for: â€Å"Who was the first Englishman to circumnavigate the globe?† 3. â€Å"In outrage, she responded vehemently to the anti-Semitic epitaphs at the rally.† An epitaph is a commemorative inscription or comment about a deceased person. The correct word is epithets (an epithet, in this context, is an insult): â€Å"In outrage, she responded vehemently to the anti-Semitic epithets at the rally.† (Epithet can also mean a substituting word or phrase such as â€Å"the Father of Our Country† or, in biology, a term in a taxonomic name.) 4. â€Å"I awaited her arrival with baited breath.† Baited means â€Å"lured† or â€Å"teased† (or â€Å"attacked,† â€Å"harassed,† or â€Å"persecuted†). The writer should have written bated (â€Å"withheld†): â€Å"I awaited her arrival with bated breath.† 5. â€Å"I wouldn’t step foot in there if you paid me.† This substitution of step for set is a minor flaw, but the latter word is the standard idiom: â€Å"I wouldn’t set foot in there if you paid me.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:7 Classes and Types of Phrases50 Diminutive Suffixes (and a Cute Little Prefix)

20 Words with More Than One Spelling

20 Words with More Than One Spelling 20 Words with More Than One Spelling 20 Words with More Than One Spelling By Mark Nichol When the dictionary lists two alternate spellings of a word, should you use your judgment (or is that judgement?), or is there some other criterion for selection? Most dictionaries describe what is, rather than prescribe what should be hence the alternatives but they usually favor one form over the other. For both convenience and consistency, follow the dictionary’s indirect dictates. In printed dictionaries, the preferred form will have the full definition, while the runner-up will be cross-referenced to the winner. Online, the spelling in the Web page’s heading indicates the preference, though the other choice will likely also be listed. Here are some common entries with more than one orthography: 1. Acknowledgment/acknowledgement: Acknowledgment, though it looks awkward because the spelling implies that the g is pronounced hard, rather than (correctly) soft, is the preferred spelling, at least in American English. 2. Adviser/advisor: Adviser is the preferred spelling, though it is inconsistent with the spelling of the adjectival form advisory. 3. Aesthetic/esthetic: Aesthetic is the preferred spelling, a rare case of the digraph retained in American English in favor of a single-vowel spelling. (See also amoeba/ameba and archaeology/archeology.) 4. Ameba/amoeba: Amoeba is the preferred spelling. It also has variant plural forms: Amoebas is acceptable in all but the most strictly scientific contexts, where amoebae is preferred. 5. Amok/amuck: Amok is the traditional spelling, preferred to amuck. 6. Among/amongst: The -st extension is, in both American English and British English, widely considered an unnecessary appendage. (The same preference applies for amid/amidst and while/whilst; whilst is, at any rate, rare in American English.) 7. Analog/analogue: Analog is one of fourteen words in which the original -ue ending is clipped. Whether one form or the other is preferred varies depending on not only the word but also, occasionally, on which part of speech it represents. Most one- and two-syllable words ending in -ue have no truncated variant; prologue is the exception. 8. Archaeology/archeology: The version with the ae digraph is preferred over the single-vowel form. 9. Ax/axe: Ax is the preferred spelling, alone and in compounds (axman, battle-ax). 10. Collectable/collectible: Collectible is the preferred variant. 11. Barbecue/Barbeque: Barbeque is a variant of barbecue influenced by the truncation BBQ. 12. Disc/disk: Disc is a variant of disk, though it has valid status in the â€Å"phrase compact disc† and references to similar media. 13. Donut/doughnut: Donut is an informal variant of doughnut. 14. Enquire/inquire: Inquire is the preferred American English spelling, but in British English, enquire prevails. 15. Flier/flyer: Spelling depends on meaning. See this post, in which I conclude that pilots and passengers are fliers, and posted papers are flyers. 16. Gray/grey: Gray is the preferred spelling in American English; British English favors grey. 17. Nite/night: Nite is an informal variant of night. 18. Theater/theatre: The former spelling is preferred in American English, though the latter form sometimes appears in proper names. 19. Toward/towards: In American English, towards and other similar words are considered informal variants of the forms in which the s is omitted. 20. Whiskey/whisky: The former spelling is more common in the United States (as well as in Ireland), though usage in labeling varies. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:Writing a Reference Letter (With Examples)Yay, Hooray, Woo-hoo and Other Acclamations7 Other Types of Pronouns

Realism in England and France Essay Example | Topics and Well Written Essays - 2250 words

Realism in England and France - Essay Example The French were able to take a hard look at the effects of the industrial revolution at the end of the Napoleonic wars. Appalled by the blighting effects of technology, misery of the lower class and the industrial smog of London, the French decided to approach modernism carefully. The British workers were more educated and more productive than the French were. The French slowed down industrialization contrary to England, a nation that transformed itself from a rural community to a more urban community and from an agricultural to an industrial nation. By the year 1840, England's agriculture was overtaken by industries in prominence but it was until 1950 when the rural way of life predominated in France. As an outcome of its economic policies, French was spared by industrial pollution that had made life in England a dark shrouded nightmare. The difference in artistic content between the French and English Realist artists is explained by their contrasting economies. Most artists were mi ddle class aged, and they were financially secure enough to criticize the prevailing establishment by depicting their own age. They painted from a protected privileged position. The lower classes did not represent themselves because they were represented in terms of needs and attitudes of the dominant class. E.g. in France, Jean-Francoise Millet was from a wealthy background and concentrated on peasant life.In France, illustrating peasants were quite extensive with risk for an artist. Outside Paris, the lower classes were resistant.

How does New Mexico's (Albuquerque and Santa Fe) media (newspapers) Essay

How does New Mexico's (Albuquerque and Santa Fe) media (newspapers) portray issues of drought and water allocation in the state o Geography of Albuquerque and Santa Fe - Essay Example The Albuquerque MSA population includes the city of Rio Rancho, one of the fastest growing cities in the United States, a hub for many master-planned communities which are expected to draw future businesses and residents to the area. According to the United States Census Bureau, Albuquerque has a total area of 181.3 square miles (469.6km). 180.6 square miles (467.8km) of it is land and 0.6 square miles (1.6km) of it (0.35%) is water. The metro area has over 1,000 square miles developed. Albuquerque lies within the northern, upper edges of the Chihuahuan Desert ecoregion, based on long-term patterns of climate, associations of plants and wildlife, and landforms, including drainage patterns. Located in central New Mexico, the city also has noticeable influences from the adjacent Colorado Plateau Semi-Desert, Arizona-New Mexico Mountains, and Southwest Plateaus and Plains Steppe ecoregions, depending on where one is located. Its main geographic connection lies with southern New Mexico, while culturally, Albuquerque is a crossroads of most of New Mexico."(Albuquerque, 2007) Wikipedia goes on to further detail the geography of the region as follows: "Albuquerque has one of the highest elevations of any major city in the United States, though the effects of this are greatly tempered by its southwesterly continental position. The elevation of the city ranges from 4,900 feet (1,490m) above sea level near the Rio Grande (in the Valley) to over 6,400 feet (1,950m) in the foothill areas of the Northeast Heights. At the airport, the elevation is 5,352 feet (1,631m) above sea level. The Rio Grande is classified, like the Nile, as an 'exotic' river because it flows through a desert. The New Mexico portion of the Rio Grande lies within the Rio Grande Rift Valley, bordered by a system of faults, including those that lifted up the adjacent Sandia and Manzano Mountains, while lowering the area where the life-sustaining Rio Grande now flows".( Albuquerque,2007) Santa Fe is located within the same region .Santa Fe is situated in the northern part of the Rio Grande Valley which essentially falls at the southern edge of the Rocky Mountains. It enjoys an area of 37.33 square miles and is situated at an elevation of 7,000 feet above sea level. The city is located in the foothills of the Sangre de Cristo mountain range, and has a dense pine forest on the outskirts which can be reckoned as near to the city. Mountain terrains enforce a kind of semi arid continental climate in Santa Fe and due to this climate the city has moderate summers and winters. In general the humidity is experienced at low levels and the bright sun shine is present almost 300 days per year. However Santa Fe receives very good snowfall and the annual average is clocked at 32 inches with deeper snows remaining fast at higher altitudes during the winter. General Climate of Albuquerque and Santa Fe Albuquerque and Santa Fe represent arid to semi arid kind of climate .Wikipedia describes the climate of Albuquerque as follows: "Albuquerque's climate is usually sunny and dry, with low relative humidity. Brilliant sunshine defines the region, averaging more than 300 days a year; periods of variably mid and

Literature Review Essay Example for Free

Literature Review Essay Abstract The primary role of literature review in a quantitative research study to gain information on the subject of your research question and identify unbiased and valid studies connected with your research question. For instance, my quantitative research question is â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † My hypothesis is that high school students reading popular fiction will outperform the students who read curriculum-required fiction, because if you enjoy reading you will perform better. Then I need to do a literature review to discover if my question has already been answered and I may need to modify it or if there are related studies to my research question that can provide quantifiable research. Introduction Quantitative Research involves collecting numerical data though content analysis, performance tests, personality measures, questionnaires, etc. This type of research procedures include an objective/unbiased approach to collecting numerical data from a large number of participants and analyzes these numbers using statistics in order to answer a specific, narrow research question. As part of research, a literature review is required. A quantitative literature review is an extensive review of literature that may or may not influence the study and your research question (UOA 2013). The primary role of literature review in a quantitative research study to gain information on the subject of your research question and identify unbiased and valid studies connected with your research question. For instance, my quantitative research question is â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † My hypothesis is that high school students reading popular fiction will outperform the students who read curriculum-required fiction, because if you enjoy reading you will perform better. Then I need to do a literature review to discover if my question has already been answered and I may need to modify it or if there are related studies to my research question that can provide quantifiable research. Why This Research Question This research question â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † needs to be answered. There is a controversy over what types of literature is acceptable for students to have access. One of my favorite book series (Harry Potter) is a banned book in certain states. This research question would add to research already completed. Methodology in the Research Question This research question â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † is an experimental research question and a casual research question. An experimental research question tests the cause and effect and a causal research question that test for a cause and effect relationship between variables. The variables in this research question are the independent variable (IV), age, ethnicity, and gender, the dependent variable (DV), assigned popular fiction and curriculum-required fiction, and the covariant (CoV) socio-economic status. Additionally, this question has ratio data. Ratio data is continuous. Ratio data rank order, but also quantify and compare the sizes of differences between them. Ratio data has an absolute zero and allows for how many times greater. The research question can discover how many times greater or less are the test scores of high school students who read popular fiction than those who read curriculum-required fiction. Supporting Research My hypothesis of the research question is that high school students reading popular fiction will outperform the students who read curriculum-required fiction, because if you enjoy reading you will perform better. The other similar research found during the literature review relates to my research. Although, my specific research question has not been fully researched. Other research relates to my question. According to the article, Impact of Students Reading Preferences on Reading Achievement, middle school students in Canada found â€Å"The most significant indicators were reading novels or fictional texts, informative reading or non-fiction, and reading books or other texts from the school library. In-class reading and participation in discussions pertaining to school-related reading were also shown to enhance reading achievement. These results are somewhat surprising in that research documenting this subject mainly emphasizes the use of pedagogical material corresponding to the interests/needs of students to foster achievement in reading† (Bouchamma, et al. 2013). This research shows that reading achievement can come from both required and optional reading. Moreover, according to the article, Reading Attitude and its Effect on Leisure Time Reading, â€Å"gender, educational level, age, and amount of spare time have a positive effect on reading behavior† (Stokmans 1999). Additionally, there is â€Å"a positive relationship between time spent reading fiction and educational level† (Stokmans 1999). This research shows that reading fiction relates positively to reading level. Additionally, according to the article, Popular Publications May Help Students Reading Scores, â€Å"We are concerned about the struggle to increase scores that children are posting on state-required exams not because of the scores themselves, but because they are strong indications that state students may not be gaining the thorough and analytical skills they need to become successful readers† (Michigan Chronicle 1997). This newspaper article shows that popular publications may help students on their reading score. Conclusion This research question â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † needs to be answered. This research question addresses the controversy over what types of literature is acceptable for students to have access to. Moreover, this research question would add to research already completed. It would allow  administrators and other educators to decide if certain books can be helpful in high school students learning environments. Bibliography Bouchamma, Y. , Poulin, V. , Basque, M. , Ruel, C. (2013). Impact of students reading preferences on reading achievement. Creative Education, 4(8), 484-491. Retrieved February 6th, 2014 from: http://search. proquest. com/docview/1441488139? accountid=28844 Mia J. W. Stokmans, Reading attitude and its effect on leisure time reading, Poetics, Volume 26, Issue 4, May 1999, Pages 245-261, ISSN 0304-422X, Retrieved February 6th, 2014 from: http://dx. doi. org/10. 1016/S0304-422X(99)00005-4 http://www. sciencedirect. com/science/article/pii/S0304422X99000054 Popular publications may help students reading scores. (1997, Oct 01). Michigan Chronicle. Retrieved February 6th, from: http://search. proquest. com/docview/390200035? accountid=28844 University of Arkansas Libraries (2013, Oct. 30) Literature Reviews. LibGuides. Retrieved February 6th, 2014 from: http://uark. libguides. com/content. php? pid=110370sid=1384703