The Most Affordable And Cheap Essay Writing Service

The Most Affordable And Cheap Essay Writing Service Given the amount of research paper requests we get, we have amped up our team with research paper writing experts who write custom, well-written research papers. Research papers are one of my most common writing assignments students encounter and a crucial one at that. Well, a lot of students often ask, ‘What do I do to show originality in an essay? Do I just say what my opinion is about the subject matter? ' Well, partly -- but it's not just a matter of expressing your personal opinion without justification or rationale. OK, my final guideline for writing an essay concerns originality. You’re not alone -- that’s the life of a quintessential college student. With looming deadlines and complicated essays, students are under immense pressure and left feeling stressed. Each paragraph of the body of your discursive essay must be dedicated to a separate idea. Place the main idea at the beginning of the paragraph, add a summary of the argument, and attach the supporting evidence from credible sources. That means that you need to decide exactly what your key points are. So you need a logical sequence of key points that actually build up your argument. Remember the main objective is to support the main line of argument that you want to present to the reader. That doesn't mean that you have to cover absolutely everything that you've read. Come up with your main line of argument, but plan your essay before you launch into the actual writing of the essay. In the conclusion you need to summarise the main points and ideas that you presented in your essay. You should draw conclusions from what you have discussed and include a restatement of your thesis statement . There should be no new material included in the conclusion; new material needs to be placed in your body paragraphs. You should not repeat the assessment requirements or the marking criteria in your conclusion. An essay explores a topic and reaches a conclusion. It needs to contain a central argument which is your answer to the question or topic. The argument must be based on reliable evidence and be supported throughout your essay. You need to go beyond just describing and summarising, you must critically analyse the topic. All you have to do is say, “write my essay research paper for me” or “I want to hire a smart person to write my essay”, and your wish will be our command. Well, my first guideline for writing an essay is to make sure that you have a clear line of argument. If the essay title is in the form of a question - this might seem obvious - answer the question. A guide on writing essays including a brief summary of content, structure, and style. You'll probably see in most of the assessment criteria for essays in different subjects across the university that originality is one of the markers of first class essays. My next guideline for writing an essay is to make sure that you give it to someone else to read. In an essay, and even in longer essays like 4,000 word essays, you'll usually only need to have a handful of key points. So how to start a discursive essay introduction the right way? A good idea is to use a hook as the first sentence of the introduction. Then you need to provide a brief overview of the problem, as well as the sides of the argument you want to discuss further. From the description and the structure of a discursive essay, it may seem like it’s exactly the same as an argumentative essay. However, while those two types of essays to share a lot of features, they are also very different in nature. Discursive writing is the process of describing different sides of an argument in an attempt to find the correct one.

Samples Of Pte Essay Writing With Answers

Samples Of Pte Essay Writing With Answers Create a mini-outline in your introduction so you signpost exactly what it is you're planning to argue. Don't worry too much about making it sound amazing at this point â€" just get stuck into introducing your argument and telling the reader how you'll support it. You can go back and make yourself sound smarter later on when you're at the editing stage. This way, when you sit down after lunch to tackle the main body of the essay, you'll have already knocked a couple of hundred words off the word count. As your intro is unlikely to need many quotes, it makes sense to get the ball rolling and feel a sense of achievement as soon as you've planned your essay and know where it's going. If you can send me in the direction of the best wide font to do this, that would be great. Depending on the genre of book you are writing, word count can be critical in whether or not your writing can actually be published. Some of us get marked down points if we do not hit a certain word count or page count. If I’m assigned a paper and it has to be a minimum number of words, I worry about hitting that number. Aye how many words do I have to put if I’m typing a 14 page essay. I agree that there are a lot of people who are overly concerned with word count, but there are legitimate reasons to keep it in mind as well. If it’s not something important to you and your writing, you can ignore it. If this is you, then take this time to refine what you've produced and make sure it gets full marks for written communication. We've allowed 3 hours and 45 minutes for editing your essay, which might sound a bit excessive â€" and, for some of you, it definitely will be. Pick out a single point in your argument that you feel hasn't been fully built upon, and head back to your research. There will almost certainly be an additional quote or two that you could throw in to make your point even clearer. Use the research you gathered earlier to support the key ideas you set out in your outline, but don't ramble for the sake of it. Once you've decided on your approach to answering the question, you should be able to form a pretty solid plan for the body of the essay. It can be helpful to come up with a quick answer in your head, as this gives you a general idea of what to write about and means you won't need to keep rereading the question. The very fact that they're short and worded in a very straightforward way means you're probably expected to construct a much more original and complex essay to respond to it. If you've been given a choice of essay questions, you should choose the one you have the most knowledge about, or have some strong opinions on. There are many reasons students find themselves in this pressurised situation . Try to be concise and have faith that the strength of your arguments will take you to around 2,500 words. While your essay plan should see you through, there's nothing to say that more ideas won't occur to you as you go along. I have a writing assignment in school, and it is always helpful to know how many pages I will need. I think that since teachers don’t give page assignments but only word count assignments, it’s difficult to imagine how many pages that will be. We're not here to judge, rather help you make the best of a tricky situation. You had every intention of getting your essay done before the deadline, but sometimes life can get in the way. I wrote an essay of 1550 words and it was barely 4.5 pages . I have a paper with ~2800 words and it is 3 lines past the 4th page. I write longer words than most, so most of my pages have less words than the estimates on this page. You should change them so they are more accurate for people who use longer vocabulary words. Do you know what fonts have the widest spacing so that they fill up the page more quickly? I need to find a wide font so I don’t have to write as many words to fill up the pages on my assignment.

Essay Punch Online

Essay Punch Online It is also a good idea to have someone else read your paper. Pretty much anyone will be able to catch small spelling and grammar mistakes that you have missed no matter how many times you have read over your paper. Someone in your class/field will be able to help you with the content, while someone not in your class/field is the best audience to test how well you explain your ideas and concepts. You should also look for someone who isn’t afraid to give you constructive criticism. Having said that, remember that everyone writes differently (i.e. has a different style), so you should also be critical of changes offered to you. The main point of an introduction is to capture the attention of the reader and draw them in. This is why your first sentences should be well thought-out to engage and interest the reader. Always think of an introduction as an upside down triangle. It should start broad and become more narrow and specific. There are different things to include in your introduction, depending on the size of your paper. You can also accumulate information from books and journals. Now prepare an outline and which includes introduction, conclusion and body. An Abstract is not necessary for an essay, although it essential for research papers and dissertations. Best case scenario is to take some time between finishing your final draft and editing to give you some distance from your work. When editing, you should read slowly and out loud to catch run-on sentences or unclear ideas. However, to make your argument more clear, you also needwarrant. Warrant is a fancy term that basically shows the relevance of the claim. For example, you should try and use the same terminology as you find in the literature in order to sound more professional and scholarly. You should also ensure that there is transition and flow between each paragraph and between each argument. Try to explain specifically and clearly how each argument relates to your thesis to make sure your essay sounds more cohesive. Also remember that paragraphs are limited to one idea and should also make a clear point that connects to your argument and thesis. Here is a very usefulhandouton paragraphs and transition. Since many students are confused about what an introduction should include, here is a general guideline to get you started. Also accept that if you write your introduction first, you will probably have to re-write it or at least tweak it depending on how the rest of your paper turns out. It will help you to pick up contradictions and weaknesses in your arguments before you start writing and it keeps you from going off-track. This is also a good stage to check with your professor or TA. You can meet with them in person or e-mail them your outline and thesis to get feedback. Tense is the backbone of all writings and many students fail here. They might have the best ideas or points, but their tense will undo all these. The introduction is designed to lead people into the subject and simplify what the essay paper will particularly deal with. The size and detail of this depends on the size of the paper. If you are writing a longer paper, this could be its own section. Mainly it addresses the main arguments and debates in the literature on your topic and how your line of argument is consistent or different from those. More often though, the writer needs to supply the warrant, explain how and why a particular piece of evidence is good support for a specific claim. This will tremendously improve the clarity of your writing and will help people outside your discipline to better follow and understand your arguments. There are important stylistic guidelines you should follow in the body of your paragraph. It is the principle that lets you connect reason and claim. It is the logical connection between a claim and a supporting fact . Sometimes, that logical connection will be clear and obvious, where no explanation from the writer is needed. It usually involves one passage, but this will depend on the time you invest in the composition and the amount of history the situation needs. The beginning will contain key introductory phrase . If you want to generate a perfect essay then you should identify a motivation for your document. You can get advice from your supervisor about the topic. Now check the library and internet for information.

Integrating Writing

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4 Common Types Of Essays You

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4 Common Types Of Essays You

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5 Tips To Write A Better Essay

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Essay Info

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How To Write The Perfect Essay

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Writing An Essay

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Essay Writing Service Market Services & Key Advancements 2025 By Top Key Players Writeperfect Ltd, Essayservice, Frogprog Limited In the example introductory paragraphs below, the opening statement, supporting statements, or thesis statement is highlighted. Provide some background information about your topic. You can use interesting facts, quotations, or definitions of important terms you will use later in the essay. point, ending with a ‘feed’ into the opening paragraph of the main body of your essay. researched response on any given topic, even in an examination essay. a given topic effectively and adequately support an argument with evidence, either. Release the payment when you are fully satisfied with the work. A writer will check out new requirements and follow them too. The current status of your paper and the estimated time left till completion could be tracked from your Personal area with the site after the order has been placed. We check every document for plagiarism to ensure they are Turnitin-ready. Learning how to write an essay is crucial to admissions and scholarship decisions. and to tie up any loose ends which you feel have occurred during the writing of the essay. Don’t give details and in-depth explanations that really belong in your body paragraphs. You can usually postpone background material to the body of the essay. However critical the emergency might be, we have the recipe and the remedy to make it better and get you a stellar paper. Have you ever had that kind of surreal academic experience that makes your very bowels cringe? An assignment that was given out weeks ago and hours to the deadline you still haven’t even leveled your thoughts, let alone started writing? In a science or social science paper, mention worthwhile avenues for future research on your topic. Return to an anecdote, example, or quotation that you introduced in your introduction, but add further insight that derives from the body of your essay. The conclusion, like much of the rest of the paper, involves critical thinking. Reflect upon the significance of what you’ve written. Try to convey some closing thoughts about the larger implications of your argument. All of papers you get at Grademiners.com are meant for research purposes only. When an order is done, you can enjoy days of free unlimited revisions. A writer will once again run through the final draft and make necessary changes, just as you instruct. Download the newly written draft and either turn it in or activate a free revision period to make some alterations in-text. Leave feedback to share your experience with our writer. Stay in touch with the writer and control the working process from start to finish. The kind of assignment that needs you to do thorough research, going through tons of books and material? Or the kind that needs you to do tons of writing, editing and referencing? That, ladies and gentlemen, is what we call a writing emergency. In fact, we have perfected the art of handling such kinds of emergencies. Add additional instructions from your Personal area. Our writing assistance is always available, 24/7. We live for such emergencies, whether it’s a dissertation that needs to be handed in just a few weeks or a research paper that has a couple of days left to deadline day. If it’s an essay we’re talking about, then revisions are free for two weeks. If it’s a bigger order, such as a term paper, for example, then revisions are free for up to one month. Your personal details remain confidential and won’t be disclosed to the writer or other parties. All of papers you get at Samedayessay.com are meant for research purposes only.

Strategies For Essay Writing

Strategies For Essay Writing But remember to avoid all forms of plagiarism as well as paying agents to write on your behalf. An essay is an opportunity to present a dynamic interchange of ideas. Ms. Mbugua said she never felt right about the writing she did in the names of American students and others. Eventually, Ms. Mbugua said, she decided to strike out on her own, and bought an account from an established writer with UvoCorp. Keep in mind the goal of the essay and the benefit you want to come of it. Sometimes, the hardest part of the process is to pick the topic and start writing . Make sure you look for any spelling or grammar errors that you might have missed while writing. Before you start writing, take a minute to organize your thoughts. Write down important points that you want to make in your essay. You always want to arrange essays in a way that clearly presents the main idea and provides vivid images. One option for adding imagery is through quotations from other literary works. Epithets, metaphors, hyperboles are at your service! They will help you add interest to the essay, but, as mentioned above, you need to know when to stop. This will also help you reach the end of the essay in a shorter time and thereby free up more time for editing and proofreading. Another point you need to bear in mind is to avoid writing as though you are doing this for your professor or your boss. So study other writings by experts on the same theme in order to gain insight and draw inspiration. Whether your task is to present your point of view on a specific issue or compare different things, the basic structure of your work will be the same. Writing skills are one of the main abilities you’ll develop during your college years, from the first weeks to the very end of your degree programme. But UvoCorp forbids such transfers, and Ms. Mbugua said the account she had purchased was shut down. Ms. Mbugua, the Kenyan university student, worked for as little as $4 a page. She said she began carrying a notebook, jotting down vocabulary words she encountered in movies and novels to make her essays more valuable. Contract cheating is illegal in 17 states, but punishment tends to be light and enforcement rare. A screen shot of EssayShark’s homepage, advertising essay writing services. During her best month, she earned $320, more money than she had ever made in her life. The New York Times is identifying Ms. Mbugua by only part of her name because she feared that the attention would prevent her from getting future work. Jot down the summary of your conclusion first because this will give you a target to aim at and you will be clear on where you are heading before you begin your journey. It will prevent you from being scattered or wavering in your work and will keep you consistent and relevant to the theme. To know what to look for, familiarize yourself with the library sections relevant to your topic. Library staff can direct you to valuable material. Choosing a powerful topic will set a right tone for the whole paper. There’s a simple guide that can help each student to write any type of an essay, regardless of the requirements and purposes. Most college students turn their attention to the letter grade or percentage score. Many students end the review process at this point. If your instructor has specific requirements for the format of writing assignments, check them before submitting your essay. You may find many trustworthy academic resources there. For some, it’s easier to concentrate in the morning, while others do their best work at night. Some prefer to hand write the first draft on the paper, while for others, typing is easier. Even if you have collected a lot of material, you may face difficulties.

Essay Writing Service From Top

Essay Writing Service From Top Careful thought and preparation is the key to presenting successful reports. It is well worth taking some time to think about what you aim to achieve from your efforts and also who the reader may be. A report is a style of writing that is both systematic and objective in its presentation of information to the reader. They are often used as the basis for further research. It is extremely important that your sources of reference are both adequate and accurate. Part of the skill in report writing is to know what to leave out as well as include. You may lose marks if your report is too long or too short. Report writing skills are widely used in industry and are therefore well worth acquiring. Any report, regardless of style, is very different from an essay. Reports are designed to be selective in information given, and the correct compilation and layout of a report is arguably as important as the material it contains. A final check for grammar and punctuation errors is always time well spent, since grading is influenced by the appropriate use of standard English. Single pieces of paper for single points, allocated to group headings later. Spider/pattern â€" Draw a diagram with the subject of the essay written in a central circle or box. The State Department-supported EducationUSA network will also offer facilitated discussions in some locations for students interested in pursuing higher education in the United States. This partnership is part of the English Education Alliance , a global effort of the U.S. Department of State to address the global demand for 21st century English language skills. MyEssayWriter.net does everything it says it will do and on time. You will not have a single worry if MyEssayWriter.net assists you on your schoolwork. We complete math, stats, chemistry labs, and multiple choice. Just let us know what you need, and we will complete your timed assignment. Your paper will have proper references in the citation style you choose. Please think very carefully before numbering headings and paragraphs in reports as these often become confusing and adversely affect presentation. If you decide to use a numbering style, please use the Microsoft Word numbering tools, as these will present the numbers in the most suitable manner. Think very carefully before adding decorative features like WordArt, page borders or Clip Art to any piece of academic work. Such additions are unlikely to improve the work, and often serve only as a distraction. The last thing you should do before handing in your essay is to proofread it. It is often useful to let someone else read it and listen to their comments, as well as reading it through out loud to yourself. Use only white A4 paper and print on both sides. Quotations â€" It is important to show, by the use of speech marks (“t”), when you are quoting what someone else said or wrote. Lengthy quotations are not generally appropriate to the short essay and it is better to quote a reference for the reader to follow up if she/he wishes. University assignments are a big challenge, but we can guide you. Get help with all aspects of your assignment, from research to writing. Our resources will help you with everything from reading to note-taking, and time management to exams. Every year, some students decide that they wish to change their programme of study, and move either to another programme within University College Birmingham. When writing a report, a number of books, websites and journal articles may be used. Train your employees in the most in-demand topics, with edX for Business. Fill in the contact form below if you would like a quotation or if you would like to find out more about our services. Shorter, succinct quotations relating to a particular point can be very effective. Appendices are not usually necessary for an essay. However, you should make your sources clear at the end of the essay. Henry Ford did not, which is why he is given credibility as an expert on cars, not history. For a 1,000-word essay an introduction of approximately words would be appropriate.

Essay Writing Service From Top

Essay Writing Service From Top Careful thought and preparation is the key to presenting successful reports. It is well worth taking some time to think about what you aim to achieve from your efforts and also who the reader may be. A report is a style of writing that is both systematic and objective in its presentation of information to the reader. They are often used as the basis for further research. It is extremely important that your sources of reference are both adequate and accurate. Part of the skill in report writing is to know what to leave out as well as include. You may lose marks if your report is too long or too short. Report writing skills are widely used in industry and are therefore well worth acquiring. Any report, regardless of style, is very different from an essay. Reports are designed to be selective in information given, and the correct compilation and layout of a report is arguably as important as the material it contains. A final check for grammar and punctuation errors is always time well spent, since grading is influenced by the appropriate use of standard English. Single pieces of paper for single points, allocated to group headings later. Spider/pattern â€" Draw a diagram with the subject of the essay written in a central circle or box. The State Department-supported EducationUSA network will also offer facilitated discussions in some locations for students interested in pursuing higher education in the United States. This partnership is part of the English Education Alliance , a global effort of the U.S. Department of State to address the global demand for 21st century English language skills. MyEssayWriter.net does everything it says it will do and on time. You will not have a single worry if MyEssayWriter.net assists you on your schoolwork. We complete math, stats, chemistry labs, and multiple choice. Just let us know what you need, and we will complete your timed assignment. Your paper will have proper references in the citation style you choose. Please think very carefully before numbering headings and paragraphs in reports as these often become confusing and adversely affect presentation. If you decide to use a numbering style, please use the Microsoft Word numbering tools, as these will present the numbers in the most suitable manner. Think very carefully before adding decorative features like WordArt, page borders or Clip Art to any piece of academic work. Such additions are unlikely to improve the work, and often serve only as a distraction. The last thing you should do before handing in your essay is to proofread it. It is often useful to let someone else read it and listen to their comments, as well as reading it through out loud to yourself. Use only white A4 paper and print on both sides. Quotations â€" It is important to show, by the use of speech marks (“t”), when you are quoting what someone else said or wrote. Lengthy quotations are not generally appropriate to the short essay and it is better to quote a reference for the reader to follow up if she/he wishes. University assignments are a big challenge, but we can guide you. Get help with all aspects of your assignment, from research to writing. Our resources will help you with everything from reading to note-taking, and time management to exams. Every year, some students decide that they wish to change their programme of study, and move either to another programme within University College Birmingham. When writing a report, a number of books, websites and journal articles may be used. Train your employees in the most in-demand topics, with edX for Business. Fill in the contact form below if you would like a quotation or if you would like to find out more about our services. Shorter, succinct quotations relating to a particular point can be very effective. Appendices are not usually necessary for an essay. However, you should make your sources clear at the end of the essay. Henry Ford did not, which is why he is given credibility as an expert on cars, not history. For a 1,000-word essay an introduction of approximately words would be appropriate.

3 Ways To Write An Essay Outline

3 Ways To Write An Essay Outline Less attention has been paid to the tricks some well-off students use to skate by once they are enrolled. The right essay editor or guide is someone who knows something about you but isn’t your best friend or parent, and someone who you know can push you on storytelling and language. It’s best not to hand your essay to every person who comes your way, no matter how many smart teachers, friends, and peers you have at your disposal. Too much feedback can confuse your sense of mission. That also means that buried beneath many clichés is some authentic, particular, and personal relationship you have to your topic. In order to have this kind of time freedom, you’ll have to start early. And if you spend your summer warming up and training for the main event, you can start rereading your body of freewriting by the end of July. What do your friends come to you seeking help with? The obvious thingâ€"and the thing most teachers and advisors told Anita to doâ€"is write about mock trial. It would be a good opportunity to give the admissions committee some insight into her psychology behind the success. But none of those things seem to tell the admissions committee what they wouldn’t already know from simply reading her list of extracurriculars. It is good to be afraid of clichéâ€"but one of the truisms about clichés is that they become trite because they reiterate feelings we’ve all had. She took a couple of stabs at it during free-writing, though, and it didn’t flow. Ramya could try to write something about medicine. Or she could write about soccer, dance, or speech. Tell the story of a time when you think you did a great job of helping another person. Now, to make sure you stay humble, tell the story of when that person helped you. They say a piece of short fiction is about a moment after which nothing will be the same again. Ramya’s going to write about the sports bar where she watches her team play every Sunday during football season. Those are just a few more narrative possibilities for structuring your essay. At 650 words, each of these will be best understood as a five-paragraph essay, so a basic structure stays the same, but the way things begin and end will not. So instead Anita decides to write about a wilderness solo she took in North Carolina on a school trip, and about how it influenced her relationship with poetry. Sitting in that bar over the last year, I feel like I’ve glimpsed them all. As a Boston-born girl, my loyalty to the Patriots seems naturalâ€"even if it’s not so common for a teenage Indian-American-Californian girl to be as much of a sports junkie as I am. But I’ve seen that loyalty tested plenty of times. I’m completely invested in the Pats; I’ve been known to be giddy when they win, and tearful when they lose. However, finding a true home to watch Patriots games in California isn’t easy. By the end of the season, the staff knew what we wanted to eat, and where we wanted to sit, so the sports bar felt like a second home. By the way, this prompt helped Ramya settle on the Patriotsâ€"Describe a place or environment where you are perfectly content. What do you do or experience there, and why is it meaningful to you? William Zinsser’s On Writing Well is the primer for nonfiction writing basics. Strunk & White’s Elements of Style is a very slim volume that will help you ensure you’ve dotted all your i’s and crossed all your t’s when it comes to grammar and syntax rules. Loyalty to a team, to an establishment, to other peopleâ€"even to oneself. What makes you angry or furious about the world? Tell the story of a time you saw somethingâ€"visuallyâ€"that provoked that anger or frustration. Tell the story of the first time you learned about these valuesâ€"say, a morning at Sunday School or a conversation with a grandparent. If they’ve changed, tell the story of the moment when they changedâ€"say, in a classroom, in a conversation with a friend, etc.

Sponsorship Proposal Sample

A sponsorship proposal is a type of essays the purpose of which is to draw the attention of the sponsor to the authors project. In order to write the attracting, interesting, and eye-catching sponsorship proposal sample, the writer needs to include the information about the idea and a detailed description of the advantageous conditions for the supporter in the work. Moreover, it is vital to provide all the necessary contact details so that the sponsor could communicate with the author. Dear Mr. Nickolson, The theater workshop of the Cambridge University invites you to be our supporter and sponsor. We are one of the oldest university theater clubs in the country and we have the extensive experience in the productions of many scenarios. Our team has a number of awards because we try to participate in all competitions and theater festivals that exist at the moment. Moreover, we have a good reputation of volunteering and our staff often helps children from the low-income families. Every month, our personnel strives to create a charity concert for the people who do not have the opportunity to go to the theater. We collect donations on such plays and send money to childrens homes and hospitals. In addition to helping others, we take care of all members of our team. Classes in the theater help students to learn themselves better and to cope with their fears. Many players of our club become professional actors after graduation. Unfortunately, to stage a play we have to spend a lot of efforts and money, otherwise, it will look ugly, and the viewer will be displeased. At the moment, our theater survives because of the little support of the university and our own contributions. Nonetheless, we are developing and it is not enough for our club’s functioning. This is the main reason why we ask for your support. In our opinion, it is possible that you will be interested in our offer if you learn about our main goals and opportunities. We have three main objectives that are to stage a play for poor people three times a month, to buy the rights to show the well-known modern performances every three months, and to pay for training courses for technical staff of the scene. The first goal may cost you about 1000$ monthly. Money may be spent on the props, costumes, and technical workers wages. In addition, we need some money to rent a bus for school children from the orphanage. The second goal has a price of 2000$ quarterly. Wherein, you will choose pieces for the repertoire with us so you will be able to influence our work directly. 3000$ half-yearly is the opportunity for you to help us with the third goal. We will find professional courses for members of our team, and it will eliminate the need to hire people. In addition to the foregoing, there are several privileges that may interest you: your name will be on all our posters; we will do all donations on your behalf; your family and you will be able to visit all performances free of charge. If you are interested in our offer, please contact us. Best Regards, The Theater Workshop of the Cambridge University

The Assassination Of John F. Kennedy - 1291 Words

President John F. Kennedy was mercilessly assassinated leaving the nation with just one question: â€Å"Was it a conspiracy, or was Lee Harvey Oswald acting alone?† Investigation has not yet been able to shed light on the subject; however, resilient views are being expressed about which theory is accurate. The public has argued about whether or not political figures worked with Oswald to eliminate Kennedy. It is hard to believe that anyone would attempt to murder an individual of such high importance without assistance of those close to the target; therefore, a popular opinion is that the CIA and Secret Service were involved. This, however, is not the only conspiracy theory in regards to the assassination. Although many people have a strong opinion that Oswald acted alone in assassinating John F. Kennedy, it can be shown that the assassination was most likely a conspiracy. In Dallas, Texas, on November 22, 1963, the assignation of JFK occurred (Krauss). Kennedy was on his way to a political rally with the governor of Texas; sadly, he never made it. He was shot and killed in the back of his motorcar. The first lady and her husband along with other political figures were also inside the motorcar. Kennedy was not the only person wounded during this dismal time; Governor John Connally, who was sitting directly in front of Kennedy, was also hospitalized that tragic morning in Texas (Rockwood). Conspiracies about what actually occurred that day are circling about the world,Show MoreRelatedThe Assassination Of John F. Kennedy982 Words   |  4 Pages O’Reilly and Dugard’s book, Killing Kennedy, is about the events leading to President John F. Kennedy being shot, as well as what happened after the assassination. This book also describes the rise and fall of John F. Kennedy. The authors also wrote about the Cold War, Kennedy dealing with communism, and threats of crime. January of 1961, the cold war was growing stronger and Kennedy was struggling with communism. During all of this happening, he was learning what it meant to be a president. HeRead MoreThe Assassination Of John F. Kennedy1620 Words   |  7 Pages Ever since the assassination of John F. Kennedy in 1963, there has been controversy over whether the true gunman was held accountable. The United States Government claimed that it was an easy, open and closed case. They found Lee Harvey Oswald, close to ground zero, with a freshly fired riffle, immediately after JFK was shot. Contrary to the governments report, skeptics argue a vast scope of conspiracies to shed light on what they believe happened that day; ideas ranging from magic bullets, multipleRead MoreThe Kennedy Assassinations By John F. Kennedy Essay1486 Words   |  6 Pages Decades later, the Kennedy assassinations and surrounding mysteries continue holding public interest. Although their notoriety as charismatic leaders is a significant contribution, other factors regarding societal psychology deserve consideration whilst exploring this phenomenon. With these events occurring during a time that allows living witnesses, modern accessible evidence, various media covera ge, and visible modern impact, the mysterious Kennedy assassinations have the capacity to encourageRead MoreJohn F. Kennedy Assassination1618 Words   |  7 PagesJohn F. Kennedy Assassination Was John F. Kennedy’s assassination a single shooter or was it a conspiracy? Since November 22, 1963 people around the world have wondered who it was that shot President Kennedy, and what for. So many questions have formed around this event, not just about who the shooter was, but also questions like what might the world have been like today if the shooting didn’t happen? The Kennedy assassination has been a mystery for many years. A lot of people hear about the differentRead MoreAssassination Of John F. Kennedy1002 Words   |  5 PagesThe Assassination of John F. Kennedy â€Å"Our most basic common link is that we all inhabit this planet. We all breathe the same air. We all cherish our children’s future. And we are all mortal.† President Kennedy stated in his commencement speech at American University on June 10, 1963. John F. Kennedy was an American politician who served as the 35th President of the United States from January 1961 to his assassination in November 1963. There are numerous conspiracy theories involving Kennedy’s assassinationRead MoreAssassination of John F. Kennedy931 Words   |  4 PagesThe John F. Kennedy assassination is believed to be one of the most controversial and debated topics in American History. JFK was one of the most beloved presidents of our time. Other assassinations of presidents didn’t have as many Conspiracy theories compared to the JFK assassination on November 22nd, 1963. Some of the theories include a Government cover-up, Mafia influence, and Cuban President Fidel Castro (Stern). T he assassination of John F. Kennedy in Dallas, Texas, raised many questions thatRead MoreThe Assassination Of John F. Kennedy1500 Words   |  6 PagesOn November 23, 1963, three shots were fired at President John F. Kennedy’s limousine in Dallas, Texas. The first shot went through the president’s neck, the second was the fatal shot that would ultimately end Kennedy’s life. There is a lot of speculation about what really took place in the assassination of John F. Kennedy. Many people believe that Lee Harvey Oswald worked alone, but there are many people across the nation who think differently. Many theories can both support and disprove that LeeRead MoreThe Assassination Of John F. Kennedy Essay967 Words   |  4 PagesThe book I chose to read is The Assassination of John F. Kennedy by Lauren Spencer. It was published in 2002 by The Rosen Publishing Group, Inc. It contains 64 pages. This book not only provides information on the killing of President Kennedy, b ut also information on his life, the arrested murderer s life, and more interesting background information and details. This books main objective is to go deeper into the case of John F. Kennedy s assassination, to discuss personal information about suspectsRead MoreAssassination of John F Kennedy1119 Words   |  5 Pagessixth floor of the Texas School Book Depository Building. However, did Lee Harvey Oswald, a crazy lunatic act alone in the assassination of President Kennedy. Both first – hand knowledge and visual evidence allows people to re – examine the events of this day and prove that there were other gunmen involved in the bombardment of our youngest elected president. John F. Kennedy was depicted as a nationwide hero to many Catholics living in the U.S. during the early 1960’s. He was idolized by severalRead MoreThe Assassination Of John F. Kennedy1626 Words   |  7 PagesThe Assassination of John F. Kennedy John F. Kennedy, the 35th President of the United States, was assassinated on November 22, 1963 at 12:30 p.m Central Standard Time in Dallas, Texas while riding in a motorcade in Dealey Plaza.[1] Kennedy was fatally shot by Lee Harvey Oswald while he was riding with his wife, Jacqueline, Texas Governor John Connally, and Connally s wife, Nellie, in a presidential motorcade. A ten-month investigation by the Warren Commission from November 1963 to September 1964

Analysis Of The Movie The Night - 898 Words

â€Å"Here he is,† Mindy said happily when Zack arrived for his detention. Zack looked around. The only people there were Miss Devasquez and Mindy. He knew about the â€Å"special detention† that Miss Hartick had put together, and he had expected that he would have to go through the same thing. It didn’t look that way though. He was glad about that at least. He even let himself expect that this might be a regular detention. He asked, â€Å"It’s just us?† â€Å"It’s just us,† Miss Devasquez said. Playfully, she said, â€Å"What were you expecting?† Then the classroom door opened again as Shelly walked in. â€Å"Am I in time? Hi, Zack.† Zack groaned. Miss Devasquez was not having that though. â€Å"Shelly, why are you here?† â€Å"Aren’t we going to, uh, isn’t Zack going to have to?† Miss Devasquez couldn’t help enjoying this. â€Å"I think Zack could learn a bit about respecting women. This isn’t an interview though. I can handle this.† â€Å"But! Wait, what do you mean?† Shelly didn’t want to tiptoe around it. She shut the door behind her so that she could talk. â€Å"If you’re going to strip him down, then why can’t I watch?† Zack said, â€Å"Is this necessary? You can do whatever you want to us in the locker room. Do you have to pull us out of there to humiliate us?† â€Å"You should have thought of that before you decided to call us alley cats,† Miss Devasquez said. â€Å"Shelly, Zack will be uncomfortable enough with just me and Mindy here to see him.† â€Å"So what? Who cares how uncomfortable he is? I want to see him naked too.† â€Å"Come on!†Show MoreRelatedAnalysis Of The Movie The Night 996 Words   |  4 Pagesneedles of death! she exclaims. I don t understand you, Bridges. Josh laughs,You saved my life, but then almost gave me a heart attack. Brianna smiles up at him as he laughs. Adoration shines in her eyes, sparkling like stars on the darkest of nights. Blood curdling needles of death? Josh chuckles, So dramatic! Have you ever considered writing? Shut up Ramsay. Brianna smirks, I would be a wonderful author. Josh walks closer to the bed, his heart racing. He sits down in the same spotRead MoreAnalysis Of The Movie The Night 957 Words   |  4 Pagesthem. The figures were grim in appearance, green, ribs protruding from the side, hollow eyes, and open mouths that were letting out a hollow scream. Our class, 30 in number, shuffled in and took our seats. Once in our seats we were shown a movie. The movie was about the Holocaust, and some of the people who were fortunate enough to survive it. The film covered significant points that were the crescendos of this time in History. The survivors spoke on their experiences, how they survived, and theRead MoreAnalysis Of The Movie The Night 867 Words   |  4 PagesRichards briefcase it showed the audience that Paul was showing his anger due to the fact he had feeling for Anne. 9. There were a couple unique sound effects in the play. The sound effects was the pounding on the door, the noise of the door across the hall closing, the door knob when it was being unscrewed from the door, a baby crying, and the jiggle of a dogs collar. The sound cues were executed at the right moments in the play. For example, when the lady from 4a came into 4b’s apartment to talkRead MoreAnalysis Of The Movie The Night 858 Words   |  4 Pagesreally missed the great adventure, which not only added gas to her fire but it made her go on a rage. This rage lasted for weeks and weeks and she ended up destroying her room just to show her parents how bad she wanted to go to the carnival. The night that she destroyed her room a little leprechaun about the same size of her foot with a face that looked cute, according to Lucy which made it easier for the leprechaun to convince her into going with him to the carnival. The leprechaun ran into herRead MoreAnalysis Of The Movie The Night 1065 Words   |  5 PagesAt Once Again Antiques, Zach hesitated under the store’s overhang and stomped the snow from his boots. In the display window, a vintage jukebox played Deck the Halls, and next to it, a color wheel revolved in front of an aluminum Christmas tree. He removed his Stetson and tapped it against his pant leg, releasing a dusting of snow from the dark felt brim. Whatever was supposed to happen would be today, December 24th. For Gran’s sake, he’d ask an eye-catching, yet complete stranger to accompany himRead MoreAnalysis Of The Movie The Night 1047 Words   |  5 Pagestrying my best (and failing miserably) to keep the tears out of my eyes. Fairly recently, I assumed that role for another friend. The symbolism, it kills me. And yet here I am, sitting in a Starbucks at 7:04 in the morning because I didn’t sleep last night and instead watched the last season of FRIENDS and cried, wondering when I’d find someone who loved me as much as Ross loves Rachel, as much as Chandler loves Monica, and wondering when I would ever love someone in the same way. Wondering if it’d happenRead MoreAnalysis Of The Movie The Night 925 Words   |  4 Pagesher friends enjoyed the use of the house owned by her best friend’s parents. They had the run of Megan’s family beach home in Playa Del Rey for the holiday week. Megan’s parents were on location in Canada for two months. Her dad and mom were on a movie shoot filming a creature feature. As a result, the friends felt they were on one long slumber party, similar to the ones they enjoyed as teenagers. Only at this juncture of their life, wine and men liven up the week-long gathering. The young womenRead MoreAnalysis Of The Movie The Night 978 Words   |  4 PagesBy the following Tuesday night she was ready to resume taking after having several nights of poor sleep. The doorbell rang about 1A.M., I got up in time to see Kevin handing an almost nude Susan a Sunday. All she had on was her pink panties, hmm..she had pajamas on when she went to bed. At first I thought she might be awake, but her blank expression led me to believe she was in ambient trance. How did Kevin know to bring a Sunday or did he just chance it? Why was Susan naked? Did she call KevinRead MoreAnalysis Of The Movie The Night 1181 Words   |  5 Pagespassenger side of her father’s transport looking at her as if he were about to laugh, but she had at once said to him, â€Å"Did you set the wheels in motion?† sounding much like one of those mid-twentieth century spies in one of New America’s old archived movie records Phillip had recently viewed. â€Å"Everything’s going according to plan so far,† he simply stated back with a grin. A few miles away, once they neared Inez’s place, Cassidy parked on Bethwin Road not far from where she had previously vandalizedRead MoreAnalysis Of The Movie The Night 1673 Words   |  7 Pagesvisiting her friend Melinda who was staying with her father at his place in Elmira, NY. But, after having arrived a day early and not wanting to be a burden. Pamela decided to make a stop at the Ramapo Valley resort just outside of Monticello for the night. Melinda, who had also been a former working girl, had left Miami six years earlier when she had chosen to turn her life around by getting clean. At the time, a local pimp who only went by the name of â€Å"Rangel† had tried to kill her for stealing

Financial Management Shareholders Regards

Question: Part. A Q1.i) What factors determine the expected return of a portfolio? ii) Distinguish between selection and allocation in the context of portfolio management. Part B QB1) Compare and contrast the notions of weak-form, semi-strong-form and strong-form marketm efficiency. QB2) Critically examine the following concepts: a) Capital Asset Pricing Model b) Arbitrage Pricing Theory a) Explain the patterns (effects) in equity returns? b) According to the above study, what effects can be seen in the Australian market? Explain. You are asked to use similar articles for more information. Part C QC.1.a. Explain the motives behind mergers and takeovers. QC.1.b. Consider the following two quotations. The quotation below is taken from: Jensen and Ruback (1983) The Market for Corporate Control, Journal of Financial Economics, Vol. 11(April): 5-50. Many controversial issues regarding the market for corporate control have yet to be settled and many new issues have yet to be studied. It is clear, however, that much is now known about this market. Indeed, it is unlikely that any set of transactions has been studied in such detail. In brief, the evidence seems to indicate that corporate takeovers generate positive gains, that target firm shareholders benefit, and that bidding firm shareholders do not lose. Moreover, the gains created by corporate takeovers do not appear to come from the creation of market power. Finally, it is difficult to find managerial actions related to corporate control that harm stockholders; the exceptions are those actions that eliminate an actual or potential bidder, for example, through the use of targeted large block repurchases or standstill agreements. Jensen and Ruback (1983), p. 43. The quotation below is taken from: Renneboog and Zhao (2014) Director networks and takeovers, Journal of Corporate Finance, Vol. 28: 218234. In this paper, we focus on how the connections of bidder and target firms impact on various aspects of mergers and acquisitions (MAs) in the UK. In a network context, we study the frequency of takeovers, the MA process (in particular, the duration of the negotiation and the success versus failure at the end of the negotiation process), the means of payment (all-equity, all-cash or mixed offers), the retention or attraction of directors of the target firm on the board of the merged firm, and whether there is a difference in terms of abnormal returns at the announcement of connected and non-connected MAs. Renneboog and Zhao (2014), page 219. Question QC1.b: Do takeovers increase the value of the target, or the bidder company, and/or aggregate market value? NB: 1) Understanding the notions in articles is more important than an entanglement with the advanced math in many articles; and Do not plagiarise the article content, instead cite or better yet, paraphrase it and always give full references. This shows that your opinions are informed opinions. Answer: The expected return on the portfolio would be dependent on the following factors. Stock Selection for the portfolio If the portfolio consists of stocks that tend to offer higher returns, then it will have an impact of the portfolio returns as well. However, on the other if the constituent stocks have lower average returns, then the expected return on the portfolio would diminish (Damodaran, 2008). Consider there are two portfolios X and Y. X has equal share of both A and B whose average returns are 10% and 20% respectively. However, Y has equal share of both A and C whose average returns are 10% and 5% respectively. Expected returns on X = 0.5*10 + 0.5*20 = 15% pa Expected returns on Y = 0.5*10 + 0.5*5 = 7.5% Hence, higher return stock should be selected while accounting for underlying risk. Weights of the stocks In order to enhance the expected returns, maximum weightage must be given to the stock that has be highest expected return. For instance, assume another portfolio Z is in place now which constitutes 25% of A and 75% of B (Petty et. al., 2015). Hence, expected returns on Z = 0.25*10 + 0.75*20 = 17.5% pa Thus, superior returns are delivered by altering the weight of the individual stock. Stock Selection refers to the traditional approach to portfolio management where the aims and objectives of the underlying investor were taken into consideration and thus the stocks were selected so as to ensure that these objectives of the investor are met while respecting the constraints in the process. The various aims and objectives dealt with requirement of income at specific time periods along with the requirement of liquidity and returns. Hence, those securities are included in the portfolio which tends to serve the objectives of investment without any regard to efficiency (Brealey, Myers and Allen, 2008). The Stock allocation approach to portfolio management is a modern approach which is based on Markowitz theory and takes into consideration the risk return features of the various asset classes and available securities and based on this an optimum portfolio is chosen which tends to maximise the return per unit risk rather than the focusing on the individual objectives of the given investor. This is a superior approach since the emphasis is on selection of optimum portfolio from the aspect of efficiency which augers well for the investor (Parrino and Kidwell, 2011). PART B The various forms of market efficiency are illustrated below. Weak Form of market efficiency As per this form, the future stock prices follow a random walk and thus are independent of the past price trends. The future prices of the stocks would essentially be driven by the information flow in the future and no such pattern can be derived from any analysis of historical prices. As a result, this argument renders technical analysis as useless while giving some utility to the fundamental analysis (Petty et. al., 2015). Semi-Strong Form of market efficiency As per this form, the stock prices tend to adjust to any new information in the public domain in such a swift manner that market participants cannot initiate trades based on this information in order to consistently beat the market. As a result, this form of market efficiency renders both technical and fundamental analysis as useless as the price adjustment is so quick that no trade can be made by the market participants (Damodaran, 2008). Strong Form of market efficiency As per this form, the market price of a stock tends to build in all the private and public information that may be available with regards to the stock. Further, any deviation from the intrinsic price is so quick that the it cannot be used to beat the market on a sustainable basis. This form is not true in any stock market as it makes glaring assumptions with regards to the information symmetry and lack of taxes and incidental costs (Shim and Siegel, 2008). A) Capital Asset Pricing Model (CAPM) The CAPM is a theoretical framework which aims to establish a linear relationship between risk and the expected returns on the stock. While it is a simple and useful model, it has certain shortcomings indicated below (Brealey, Myers and Allen, 2008). The risk free rate and the market returns are not constant values and are dynamic on a daily basis. The underlying assumption that the money could be lent and borrowed at the risk free rate is not true and essentially would depend on the underlying risk profile of the borrower and lender. There are concerns with regards to the beta not being able to faithfully capture the systematic risk. B) Arbitrage Pricing Model As per this model, there is a relationship between the underlying risk and return of the stock which can be predicted by multifactor analysis such as macroeconomic variables (inflation, unemployment GDP) along with factors that may be specific to a particular industry. Unlike CAPM which is a single factor model, APM tends to focus on multitude of factors so as to spot short term arbitrage opportunities by finding the difference between intrinsic price of stock and the actual market price. The main shortcoming of this model is the underlying complexity and limitation with regards to accounting for every variable that may impact the stock price (Damodaran, 2008). C(a) The various patterns in equity returns are highlighted below (Petty et. al., 2015; Parrino and Kidwell, 2011; Damodaran, 2008). Size effect As per this effect, typically firms that are smaller in size tend to outperform the companies that are larger in size in terms of returns. Book to Market Effect As per this effect, the stocks having higher book to market value are cheaper and value stocks and must be invested into as compared to the ones with comparatively lower book to market value. Earnings to Price Effect As per this effect, the stocks having higher earnings to price ratio tend to outperform the stocks with lower earnings to price ratio in terms of return in the long run. Cash flow to Price Effect - As per this effect, returns on those firms which tend to generate higher cash flows per unit of price is lower as compared to those firms which tend to generate lower cash flows per unit of price. Leverage Effect As per this effect, the underlying valuation of any stock in the market is dependent on the underlying leverage present in the capital structure as typically high volatility in stock price is associated with high leverage and hence companies having low leverage are considered to be relatively safe bets with lower price volatility. Liquidity Effect Typically higher the liquidity on a given stock, lower would be the return expected on the stock as the bid ask spread would be lower. Hence, for stocks having low spread, it is likely that they would be held for longer periods as compared to those with higher spreads. b) The various anomalies that are seen in case of equity returns are not able to get an explanation from the traditional CAPM approach which is essentially a single factor model based on beta. Hence, it makes sense to use modern approach suggested by Fama French which takes into consideration multiple parameters to accurate determine the returns on the stock. There have been numerous research studies in the context of anomalies of stock return specific to Australian market and evidence has been found with regards to the existence of liquidity effect, size effect and B/M effect to various degrees. However, the given study takes into consideration the Fama French approach which has been successfully deployed in the US market. The given research finds that the larger portfolios tend to have lower returns as compared to those with smaller portfolios that tend to have higher returns (Damodaran, 2008). Hence, the presence of the size effect is confirmed in the study which is in line with e mpirical observations collected from other studies conducted in the Australian context. With regards to B/M ratio, it is apparent that the returns of those stocks that have a higher B/M ratio tend to be higher than those stocks that have a lower B/M ratio. This is in line with the empirical evidence collected from previous studies in the Australian market and lends support to the existence of B/M effect as per which value stocks tend to outperform growth stocks. Additionally, it has been found in the study that a U shaped relationship tends to exist between the underlying leverage levels and the returns on stock. As a result, portfolio which either have low or high leverage tend to outperform those which have leverage in the middle range. This does hint towards the presence of a leverage effect but the result obtained is contrary to that obtained by previous research conducted in the US context which concluded the relationship to be of inverted U shape. Hence, further research is required on this aspect in the Australian concept (Gharghor, Lee and Veeraraghavan, 2009). With regards to existence of liquidity effect in the Australian context, the researchers are divided as the current study fails to establish its presence but previous studies in this regards have indicated the presence of various premiums associated with liquidity associated with investment in different time horizons. Hence, it would be fair to conclude that no consensus exists in this regard. The current study indicates the existence of a mild C/P effect and it is in line with the understanding of this effect that as C/P value increases, there is a downward trend in terms of returns. Also, a E/P effect is quite visible on the basis of the given research that has been conducted and it tends to support the empirical observations that have been observed in the US market. It is noteworthy in this regard that the E/P effect is comparatively more strong for stocks have negative earnings that for those which display a positive earnings. Future research in these regards could bring more cla rity on the difference in strength of the E/P effect (Gharghor, Lee and Veeraraghavan, 2009). Part C 1a. The various motives behind mergers and takeovers are as follows (Brealey, Myers Allen, 2008). Synergies The most common motive is this as it is widely believed that merged entity would be bigger than the sum total of two individual entities due to savings in cost or enhanced revenues by ensuring cross selling of products in newer markets that can be accessed through this route. Diversification Another common reason which is adopted by conglomerates is diversification of strategic business units so that the business risk could be adequately hedged and also the various lucrative businesses could be acquired in line with the existing market conditions. Market Power The merger of two big companies can potentially be motivated through the desire to increase the market clout as the formed entity would be big enough so as to impact the prices and cause a change in the market structure for the benefit of the merged entity. Rapid Growth With regards to achieving growth, a company has two alternatives and the takeover route is the inorganic route where the related business investment is made perhaps in a geography or product line where the company intends to enter and therefore enhance the presence. Acquisition of specific skills or capabilities Typically, firms that are lacking in a particular aspect or skill tend to look for specific targets so as to make up for the skill deficiency through the acquisition route. This is especially the case when the same cannot be developed using the internal capabilities in a time bound manner. b) One of the key topics of research with regards to mergers and acquisitions has been the concept of value creation in such deals. There has been wide debate with regards to the value creation from such deals with studies yielding contradictory results. In order to summarise the value creation in corporate takeovers, there are various studies that have been conducted from various perspective considering a host of variables that tend to impact the value created. The key data in this regard is provided by various event studies that tend to measure the abnormal returns that are witnessed when the announcement regarding the takeover or merger is first made (Petty et. al., 2015). With regards to target firms shareholders, studies have indicated double digit monthly returns ranging from 16 % to 29%. However, the returns have been comparatively less spectacular in case of merger target firms although they have been positive (Brown and Warner,1980). But, certain researchers estimate that the reaction of shareholders to the initial news tends to underestimate the extent of value creation since it does not consider the share premium that has been paid by the acquirer even before the takeover has taken place (Dodd and Ruback, 1977). Further, it has also been empirically observed that there is no difference in the potential gains realised by the shareholders of the target firms irrespective of whether the bid goes through or not. However, in such cases, if no bidder gets attracted within a period of two years, then all the potential gains that the stock realised at the time of the offer would be lost in a gradual manner. With regards to shareholders of the bidding firm, it has been empirically observed in various event studies that for successful bids, there is creation of some shareholder value as represented by increase in the share price but it is significantly lower than that created for the target firm. However, the above is limited only to tender offers as in case of mergers due to mixed nature of observations. But more evidence in this regards, hints that in case of mergers, the gains for the bidding firm as reflected by the immediate movement in the stock price tends to be almost zero (Asquith, Bruner and Mullins, 1983). The negative perception of mergers in the minds of the investors is also supported by certain empirical studies which indicate that the news of the unsuccessful bids in case of mergers typically leads to a mild positive response from the market (Asquith and Kim, 1982). However, there is considerable debate between researchers with regards to utility of abnormal returns by the bidding firms accurately capturing the creation of value as it might be anticipated to some extent and also because the gains for the bidder firms may be gradual as compared to the target firm which is able to cash out at the time of the merger or takeover (Jensen and Ruback, 1983). Also, there are computation issues for estimation of precise gains for the bidder firm. One of the contributory reasons in this regards is the difference in size due to which even if the absolute gains are evenly split, in percentage terms, the gains for the target firm would significantly outweigh the bidder firm. This effect is confirmed by the study done by Asquith, Bruner and Mullins (1983) who based on event studies, concluded that the returns for bidder firms are significantly greater when the target is more than 10% of the size of the bidder as compared to when it is lesser. Also, certain studies also indicate post-merger correction in the bidder stock which can be explained on the basis of error in estimation of merger related gains which may not actually transform. Further, it is likely that regulatory changes and other issues related to integration of the firms may also have an effect on the likely efficiency gains which are reflected in the stock price only when these are unfolded (Jensen and Ruback, 1983). A logical conclusion of the above impact is that on the whole value is created since neither of the party is ending up losing although the gains are comparatively higher for target firms in comparison to bidders. Further, there is evidence to support that gains in case of merged entities do not arise necessarily from synergies or cost savings but from the change in the corporate control which essentially leads to higher valuation for the companies (Bradley, 1980). Considering the complex landscape where a plethora of players and legal regulations are involved, it would be nave to expect that the value creation is as simple as transfer of wealth from the target that is being acquired or merged with. The exact gains are in actuality dependent on a host of factors ranging from level of information available in the public domain about the merger/takeover, antitrust violations and also the issues of corporate control (Jensen and Ruback, 1983). Further, it is estimated that the level of connection of directors also has an impact on the frequency of takeovers and the mode in which it is executed which in turn could influence the process and amount of value creation. Typically, the companies that have well connected directors tend to have more access to information and are able to forge better trust with the top management of the target firm which ensures the above average activeness of these firm with regards to mergers and acquisitions (Liu, 2014). Further, research in this regard indicates that the probability of implementation of a successful takeover tends to enhance in a statistical significant manner, if atleast director is common to both the firms Also, in case of networked firms led by their CEOs there is a drastic decrease in the amount of time used for negotiation irrespective of the fact whether they proceed with the takeover or not. Besides, in takeovers where there is relation between the firms, equity is compar atively more often used for compensation rather than cash which is reflective of the greater transparency and also information premium gained through such access (Wu, 2011). Also, another advantage associated with connected MAs is the fact that there is a significantly greater chance that the key management of the target firm would be retained. It is apparent that all the above factors hint towards the process of MA being completed in a more efficient manner which in the long term should enhance the overall value creation. However, with regards to creation of value, the market does not seek to believe that better networked CEOs and directors tend to work out better deals and hence thus no superior returns are derived for these. This is rather strange and unpredictable and hints to the continued research in this field so as to understand as to capture the exact parameters that tend to drive the value generation in case of mergers and acquisitions (Renneboog and Zhao, 2014). References Asquith, P. and Kim, E.H. (1982), The impact of merger bids on the participating firms security holders, Journal of Finance, 37, 1209-1228. Asquith, P., Bruner, R. and Mullins, D.W.(1983), The gains to bidding firms from merger, Journal of Financial Economics, 11(April), 45-67 Bradley, M. (1980), Interfirm tender offers and the market for corporate control, Journal of Business 53, 345-376. Brealey, R., Myers, S. and Allen, F. (2008), Principles of Corporate Finance (Global edition), New York: McGraw Hill Publications Brown, S. and Warner, J. (1980), Measuring security price performance, Journal of Financial Economics, 8, 552-558. Damodaran, A. (2008), Corporate Finance, London: Wiley Publications Dodd, P. and Ruback, R. (1977), Tender offers and stockholder returns: An empirical analysis, Journal of Financial Economics 5, 351-374. Gharghor, P., Lee R. and Veeraraghavan, M. (2009), Anomalies and stock returns: Australian evidence, Accounting and Finance, 49, 555 576. Jensen,M.C. and Ruback R.S. (1983), The Market for Corporate Control, Journal of Financial Economics, 11(April), 5-50. Liu, Y. (2014). Outside options and CEO turnover: The network effect, Journal of Corporate Finance, 28, 201217 Parrino, R. and Kidwell, D. (2011), Fundamentals of Corporate Finance, London: Wiley Publications Petty, J.W., Titman, S., Keown, A.J., Martin, P., Martin J.D. Burrow, M. (2015), Financial Management: Principles and Applications, Sydney: Pearson Australia, Shim, J.K. and Siegel, J.G. (2008), Financial Management, New York: Barrons Renneboog, L. and Zhao, Y. (2014), Director networks and takeovers, Journal of Corporate Finance, 28, 218234. Wu, Q. (2011). Information conduit or agency cost: top managerial and director interlock between target and acquirer. Working Paper, Arizona State University.

Level of Stress Among Call Centre Employees free essay sample

Level of Stress among Call Centre Employees Submission date: 8th January, 2008 Submitted By: Ayesha Khalid Ayesha Sarfaraz Nazool-e-Tabassum Saira Khan Mussaffa Butt Submitted to Dr. Farah Malik Associate Professor Department of Psychology Government College University Lahore Introduction Stress is used as a general label for a vast complex, interdisciplinary area of interest and study, much of which is health related.Most often stress is related to personal discomfort associated with an over demanding or distressing lifestyle situation (Adams Bromley, 1998) stress is a part of everyday life, we experience stress each day, although it is acknowledged that the degree of stress varies considerably depending on the complexity of the situation and availability of support. For some, the stress is manageable and work or home life is not affected. For others, however, the stress reaches a critical point where there may be a need for medical or psychiatric assistance (Weiten, 2001).The causes of stress can include any event or occurrence that a person considers a threat to his or her coping strategies or resources. We will write a custom essay sample on Level of Stress Among Call Centre Employees or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Researchers generally agree that a certain degree of stress is a normal part of a living organisms response to the inevitable changes in its physical or social environment, and that positive, as well as negative, events can generate stress as well as negative occurrences (Frey, 2002). There can be innumerable stress factors since different individuals react differently to the same stress conditions.Extreme stress situations for an individual may prove to be mild for another, for yet another person the situations might not qualify as stressing at all. (http://www. lifepositive. com/stress. html). The fact that women report and exhibit higher level of psychological distress than men has been explained in three major ways. The methodological artifact explanation suggests that women are socialized to be more expressive and therefore will admit more emotional symptoms than men in response to the standard psychological stress (Frey, 2002).The stress exposure argument suggests that women face more stressor in general or more severe, persistent stressors than men. Whereas the vulnerability argument suggest that women lack coping resources such as high self esteem, a sense of mastery or appropriate coping strategies for handling the stressors to which they are exposed. Newman (1984 c. f. Eckenrode, 1991) suggested that women over report minor symptoms that inflate over all distress scores (Eller, 2000).Stress in humans in general results from interactions between persons and their environment that are perceived as straining or exceeding their adaptive capacities and threatening their well-being. The element of perception indicates that human stress responses reflect differences in personality, as well as differences in physical strength or general health (Frey, 2002). Stress is often termed as a twentieth century syndrome, born out of mans race towards modern progress and its ensuing complexities.For that matter, causes such as a simple flight delay to managing a teenage child at home can put you under stress. Listing the causes of stress is tricky yet replete with practical diversity (http://www. lifepositive. com/stress. html). General cause of stress include primarily, Threat; a perceived threat will lead a person to feel stressed. This can include physical threats, social threats, financial threat, and so on. Fear; Fear leads to imagined outcomes, which are the real source of stress. Uncertainty; When people are not certain, they are unable to predict, and hence feel they are not in control, and hence may feel fear or feel threatened by that which is causing the uncertainty (http://www. workstress. net/causes. htm). Apart from certain general causes another reason is cognitive dissonance; it is when there is a gap between what people do and what they think, then the outcome experience is cognitive dissonance, which is felt as stress.