Friday, November 29, 2019
Monday, November 25, 2019
6 Great Resume Tips How to Organize Your Resumeââ¬â¢s Education Section
6 Great Resume Tips How to Organize Your Resumeââ¬â¢s Education Section Is your resumeââ¬â¢s Education section taking up too much space on your resume? Are you finding it hard to fit in all the information you think is important? Here are some of your resume Education section questions answered ââ¬â maybe even questions you didnââ¬â¢t know you had! These tips will help you pack in lots of information without taking up half the space on your resume. 1. Should the Education section come first or last? If you are a new graduate from college or graduate school, or if you are applying to graduate school, your resumeââ¬â¢s Education section generally goes FIRST on your resume (after your header). Why? Because itââ¬â¢s what youââ¬â¢ve done most recently, and/or it is most relevant. (If youà are unsure as to what is most relevant in your particular situation, ask an expert for advice.) If you have been in the working world for 2 years or more, your Experience section will more likely come first, and Education might be last or close to last on your resume. 2. Should I include dates in my Education section? The answer is, ââ¬Å"It depends.â⬠If you are a new graduate, especially if youââ¬â¢ve graduated from any school within the past five years, then it makes sense to include the date of your graduation or expected graduation. If you graduated more than 20 years ago, generally itââ¬â¢s recommended not to include the date of your graduation, as you could face age discrimination. If you are an older job seeker and also got a degree in the past few years, it can help to make you look younger if you put the date of your graduation on your resume. So consider your specific situation and make a considered judgment call. If you have questions, you might want to consider a resume review by The Essay Expert. 3. What should the basic format be? List your educational institutions in reverse chronological order, just as you do with your employment history. The most important part of each school section is the name of the school you attended. Put it in bold and/or Small Caps, followed by the city and state. Use the same format you use for your employers. Next put the degree you received. If you are anticipating a degree, write ââ¬Å"Candidate for B.A,â⬠ââ¬Å"B.S. expected,â⬠or ââ¬Å"M.A. anticipated.â⬠Fill in the appropriate degree of course. Hereââ¬â¢s an example: You might like a centered format if your Education section is toward the end of the resume. For example: 4. Do I need a separate line for my GPA and for each of my honors? If you need to save space, there is no need to put your GPA and honors all on separate lines. You can combine these onto one line, and you can even put them on the same line as your major. How you combine things will depend on how much room you have on other lines. Here are some possibilities: BA in Political Science, cum laude, 2016 (GPA: 3.41) Bachelor of Arts in Political Science, concentration in Psychology, May 2015 Major GPA: 3.73; Cumulative GPA: 3.683 5. How should I list Honorsà and Activities? You do not need an entirely separate section for either Honors or Activities. Only create these separate sections if you need to fill space! Instead, put them under the appropriate school. Do you have a lot of honors and/or activities? If you need space, you can group them together. For instance, you can have a bullet that says ââ¬Å"Honors:â⬠and name your honors, separated by semicolons. Then have a bullet that says ââ¬Å"Activities:â⬠and list your activities, separated by semicolons. Not sure how to handle the dates of all these things? Try putting them in parentheses after the honor or activity, and before the semicolon. Examples: Honors: Undergraduate Honors Thesis Research Grant (Honors Program award); Phi Kappa Phi Honor Society; Golden Key International Honour Society Honors: Deanââ¬â¢s List (2016-2019); Baylor University Alumni Scholarship (2015-2019); Greek Womenââ¬â¢s Leadership Award (2009); Midwest Conference Academic All Conference Team (2018à and 2019) Activities: Latino/a Student Association, Secretary (2016-2017), Delegate/Community Service Committee (2015-2017); Mexican Student Organization, Social Chair (2015-2016); South American Student Association, Member (2014-2017) Activities: Varsity Womenââ¬â¢s Basketball Team, Four Year Letter Winner; Pi Beta Phi Fraternity, Board Director (2016-2017) and Member (2014-2017); University Chapel Choir, Member (2014-2017) 6. Do I need a separate section for Study Abroad? No! Study abroad is part of your undergraduate education. It can be a bullet, or if you want to emphasize it because of your international interest or language ability, you can bold it. Do not put a space between your undergraduate degree section and the study abroad section, unless you need to fill space. Example of bullet format: [end of undergraduate section here] à Junior-year semester at University of East Anglia, Norwich, England (2015) Example of bolded section under undergraduate section: [end of undergraduate section here] Reid Hall, Columbia University, Paris, France Summer Study Abroad (Coursework: 19th Century French Painting, French Language) 7. How long should my resumeââ¬â¢s Education section be? Unless youââ¬â¢ve earned five different degrees from five different schools already, your education section generally should take up a maximum of a third of a page. This means itââ¬â¢s important to get Experience to put on your resume and not rely on your Education to get you a job! Implementing these 6 suggestions will give you a great start on the Education section of your resume, making it both efficient and effective. Did these tips help you with your resume? Please comment below.
Thursday, November 21, 2019
Financial Statements Essay Example | Topics and Well Written Essays - 2000 words
Financial Statements - Essay Example While the financial statements will provide the overall financial health of the company, SAC board will also be warned of relying solely on the financial statements as the basis for their future decisions. The memo will contain a list of inherent weaknesses that financial statements have in them. a. Income statement - The income statement describes the companyââ¬â¢s revenues and expenses along with the resulting net profit or loss over a period of time. Revenues are those that the company earned through the sale of products or services to customers, or any other form of income that accrues to the company due to its business activities. On the other hand, expenses are those resources that the company has to spend to produce the revenues. The net result is either a net income or a net loss. If revenues exceed expenses, it is a net income. If expenses exceed revenues, it is a net loss. These information are all reflected in the income statement of the company. b. Balance sheet ââ¬â The balance sheet is a financial statement that describes the companyââ¬â¢s financial position at a given time. Its three main components are the assets group, the liabilities group, and the ownerââ¬â¢s equity section. The assets are the resources of the company that are being used to produce the goods and services the company sells to its customers. The liabilities and the ownerââ¬â¢s equity, on the other hand, are the means by which assets are financed and acquired for the company. Liabilities are what the company owes its creditors, while equity is what the company owes its owners or stockholders. A companyââ¬â¢s total assets are equal to all its liabilities and ownerââ¬â¢s equity. c. Statement of ownerââ¬â¢s equity ââ¬â The statement of ownerââ¬â¢s equity is also known as the statement of retained earnings. (Internet Center for Management and Business Administration, Inc., 2010) This statement shows changes in the ownerââ¬â¢s equity, resulting from the operations
Wednesday, November 20, 2019
Strategic Analysis and Choice Essay Example | Topics and Well Written Essays - 4250 words
Strategic Analysis and Choice - Essay Example The analysis includes political, economic, social and technological factors. Political factors affect the marketing and strategic growth plans of a business. Legislations and regulations of a country affect the plans of the business. This can be control of ingredients used, price changes and different views of the party in power compared to the former one. For e.g. in Pakistan, after the emergency was imposed on 3rd November 2007 the media was curbed and shut down until they signed a deal not to talk against the present government. Thus, GEO Pakistan a channel that is aired in Pakistan, Dubai, UK, USA and Canada. This organization is a multinational since it is aired in three continents around the world. The company uses all the latest technology in media like news room automation service, graphics system, automated play out system, media server systems, GEO firsts (interactive program) and training on international standards; and it is a market leader at home in Pakistan. It is huge since it employs the most people in Pakistan. The company is young. The company is family owned. The channel refused to abide by the regulations and has not been aired in Pakistan up till now. The channel was a leader in the market but now they have suffered huge losses due to the close down of the channel. Eventually, they had to abide by the regulations to avoid further losses and downsizing of employees. Now the channel will be aired soon. GEO is a good example of a company that tried to go against the industry norms and comply with the rules in order to differentiate but it all went wrong and they suffered. This was a risk and they had to pay for non compliance of industry norms. This example is a fitting example in this case because their strategic... This essay is a strategic analysis of how the companies respond to changes in their internal and external environments. Also that companies often plan to use such strategies to gain a competitive advantage over their various competitors since an edge over the others always helps them stand at the highest peak and successfully manage to balance and avoid falling disastrously. Often companies plan and forecast but the actual result is different from the forecasted one. Theories are often good to study and get a proper understanding of the situation but they do not necessarily fit in real life. Uncertainty is part of life and a proper analysis to take a decision is important for companies. Thus, businesses aim to grow and gain competitive advantages since expansion is an industry norm but then they have to face problems while operating in the internal and external environments and these businesses tend to use these strategies to their best advantage and even by manipulating these at tim es to fit their conditions and markets. This helps them grow and gain an edge over their competitors. Competitive advantages are essential to businesses for continuous growth in the existing and new markets in order to expand and turn into giants. Managers need to have a clear vision of the future of the company.
Monday, November 18, 2019
Cell Phone Use Essay Example | Topics and Well Written Essays - 1000 words
Cell Phone Use - Essay Example During the early periods, cell phones were considered as a luxury and only the business class was able to tolerate its expenses. Today, almost every individual coming from different classes use cellular phones during their everyday life. These devices are utilized by individuals in various aspects of their everyday life; these devices are even commonly used while people are moving from one place to another. A huge population of drivers have reported using cell phones while they are driving. Increase in number of people using phones while travelling have resulted in several road accidents and have not only led to damage to assets but have even resulted in several deaths. These incidents have made policy makers stand against the use of cellular phones while driving and these concerns have been addressed through restrictions through rules and regulations. Jurisdictions that have not yet levied such bans are even debating over banning the use of cell phones while driving. This paper will argue on why the use of cell phone should be banned or restricted during driving and what measures are already in place to control this act. Body There have been various changes in trends on who uses cell phone devices and for what purposes, they are using these devices. According to Cain and Burris, the number of people using these devices for family business elevated from 40% to 61% during the era of 1990 and 1998 (Cain, 1999). The NHTSA reports that the 15% of individuals who have not graduated from high school, 26% of individuals who have graduated from high school 30% of those who have not yet completed collage and 40% of those who are collage pass outs are cell phone users (NHTSA, 1997). A common application of the use of this device is during driving a vehicle. The NHTSA and Cain and Burris reported that around 90% of the owners of mobile phone use the device during driving. The PCIA have reported that those who use mobile phones for over 1 hour per month account for 15% of the owners of this device, those who use it less than one hour but more than half an hour account for 15% of owners, those who use it between ten to thirty minutes account for 20% o the owners and those who use it more than one minute but less than 10 minutes account for 39% of the owners (PCIA, 1999). An accident can result not only in loss of property; it even results in loss of life. When an accident takes place, the people involved directly in the accident can experience hurt at the level of getting minor injuries to the extent of losing their lives. Accidents can lead to heavy damages to very expensive vehicles, along with the incident of damaging public assets. Other expenses or negative impacts of an accident include; loss of working hours, insurance cost, legal costs and huge health care bills. In case of an accident taking place in urban regions, huge traffic jams take place due to which the emergency service providers may not be able to respond in a timely manner and people end up losing their lives. The negative effects of a collision caused due to usage of hand held phones during driving have increased the concerns of policy makers, organizations and insurance companies and various other stake holders. When drivers use cell phones during the act of driving, they are indulged in various activities related to the use of cell phone while driving. Drivers engage in actions such as finding the device, dialling the number, sending and receiving messages and ending the call. These activities do not only distract drivers physically but even emotionally. Drivers are emotionally distracted if they are being a part of an emotional conversation. Odgers stated that drivers are highly distracted during the
Saturday, November 16, 2019
Role of Financial Development in Total Factor Productivity
Role of Financial Development in Total Factor Productivity THE ROLE OF FINANCIAL DEVELOPMENT IN TOTAL FACTOR PRODUCTIVITY OF VIETNAMââ¬â¢S MANUFACTURING SECTOR Thesis Research Design Instructors: Team of MDE Lectures Student:Hà ¡Ã »Ã¢â¬Å" Bà ¡Ã ºÃ £o Trà ¢n 1. Problem statement There is a large literature about the link between financial development and economic growth. Many studies indentify that productivity as one channel through which finance affects growth. The importance of financial development in raising productivity and promoting economic growth has been discussed in many reports (e.g., Goldsmith 1969; McKinnon 1973; Shaw 1973; Greenwood and Jovanovic 1990; Bencivenga and Smith 1991). The financial system pressure handicaps financial development and results in misallocation of resources, then reduce productivity and economic growth. As the financial systems develop well, overall economic productivity will be improved through the efficient reallocation of resources. At firm level, financial development of a firm allows a firm to appropriate new business opportunities, conduct investment and research activities, make a defense against financial and non-financial shocks and achieve higher productivity. More importantly, firm productivity is an essenti al indicator in transforming financial market development to economic growth at macro level. There are also many empirical studies about the impact of financial development on productivity efficiency. Levine (2005), Beck et al. (2005) point out that financial constraints, including low liquid and limited access to financial resources, make the growth prospect of firms worse. In Vietnam, manufacturing firms play an important role in the decade of economic growth. In 2013, there are 60700 businesses closed. There are many reasons such as long loss profit, management capacity, operating restrictions and lack of funds businessâ⬠¦ In which, financial market development offers a crucial impetus for enhancing firm competitiveness and catalyzing industrialization. In Vietnam the scientific research using a panel data to find out the role of financial development in total factor productivity of Vietnamââ¬â¢s manufacturing sector is limited. This study will present the evidence of this linkage using panel data for manufacturing firms from 2003 to 2009. 2. Research objective 2.1. Research objectives To estimate the TFP growth rate of manufacturing sector To find the role of financial development in total factor productivity of Vietnamââ¬â¢s Manufacturing Sector. To give policy implication for improving firm productivity 2.2. Scope of the study The study will examine the role of financial development in total factor productivity of Vietnamââ¬â¢s Manufacturing Sector using the panel data of 2003, 2005, 2007, and 2009. 3. Literature review 1. Productivity: Concepts and measurements Productivity is commonly defined as a ratio of a volume measure of output to a volume measure of input use (Schreyer and Pilat 2001) or in other words, how much of output which is obtained from a given set of inputs (Syverson 2010). Productivity = Quantity of outputs produced/ Quantity of inputs consumed Productivity measurement efforts to point out improvements in using the capital resources, that is, to motivate and evaluate efforts to produce more inputs with fewer inputs while maintaining quality. TFP is used to measure the firm productivity. It captures the growth, which could not be explained by changes in production inputs, thus it can serve as a traditional proxy of productivity improvement. However, there is a correlation between unobservable productivity shocks and optimal choices of input. There are at least two approaches to measure the TFP, which account for the sensitive of optimal input levels to the productivity shocks. First approach is the Olley-Pakes TFP measurement which uses investment as a proxy for productivity shocks (Olley and Pakes 1996). Another approach is the Levinsohn-Petrin TFP measurement which uses intermediate inputs as a proxy for productivity shocks (Levinsohn and Petrin 2003). In this study, I will use the Levinsohn-Petrin TFP measurement to control for the unobservable productivity shocks because of three reasons. Firstly, the dataset of firm investment is not available, thus the the Olley-Pakes TFP measurement will not be feasible. Secondly, even if the investment data is available, the estimation can be suffered from the truncated report ââ¬Å"zeroâ⬠investment of firms. Finally, the Levinsohn-Petrin TFP measurement is more acceptable than the Olley-Pakes TFP measurement because of it is built from production theory. Assuming a Cobb-Douglas function, TFP is often computed by estimating the equation: yit = à ²0 + à ²llit + à ²kkit + Ãâ°it + à µit (1) Where yit is firmââ¬â¢s output, lit is firmââ¬â¢s labor, kit is firmââ¬â¢s capital; y, l, k are all in the nature logarithm forms. i and t denote firm and time. Ãâ°it is a state variable, which measures productivity. à µit is an error or a random productivity shock. Both Ãâ°it and à µit are unobservable variables. According to Olley and Pakes (1996), the OLS estimates of (1) can be biased because choice of variable inputs can be depended on the firmsââ¬â¢ beliefs about the state variable Ãâ°i. If there is serial correlation in Ãâ°i, the variable inputs such as labor, materials, etc will be positively correlated with Ãâ°i. In order to control the bias in OLS estimates, they suggest the following partially linear model: yit = à ²0 + à ²llit + à ²kkit + ht(iit, ait, kit) +à µit (2) in which Ãâ°it =ht(iit, ait, kit), ait is age of firm i at time t, iit is investment of firm i at time t. The unobservable variable Ãâ°it can be expressed by a function of observable variables. Levinson and Petrin (2003) point out that investment data at firm level is very lumpy (there are considerable adjustment costs). If it is true, the investment proxy will not smoothly respond to productivity shock. It violates the consistency condition. They propose the following modified model: yit = à ²0 + à ²llit + à ²kkit + à ²mmit + Ãâ°it + à µit (3) mit is the logarithm of the intermediate inputs such as raw material, power, and electricity expenditures. Its input demand mit depends on the capital variable kit and productivity Ãâ°it mit = mt (kit, Ãâ°it) The demand of intermediate inputs mit is assumed to be monotonously increasing with Ãâ°it. It can be used as a proxy for unobservable variables. Therefore, the unobservable productivity Ãâ°it is expressed by the function of two variables kit and mit. Ãâ°it = mt (kit, mit) Substituting above equation to equation (3), the production function can be estimated. The coefficients of kit and mit can be recovered by GMM method with assumption that productivity is controlled by a first-order Markov process. Ãâ°it = E[Ãâ°it/Ãâ°it-1] + à ·it à ·it is an innovation to productivity which can be correlated with labor but uncorrelated with capital. The logarithm TFP of firm can be obtained from the residual of actual output and predicted output. 2. Financial development and firm productivity The important role of financial development in raising productivity and promoting economic growth has been mentioned in many public researches. In traditional growth theories, the role of financial development in growth is through factor accumulations, which are regarded as the main force behind economic growth. Financial development can contribute to total factor productivity growth by increasing marginal productivity of capital (Goldsmith 1969). According to McKinnon and Shaw (1973), financial development also can improve efficiency of capital allocation so as to increase the aggregate saving rate and investment level. However, in traditional growth model, the impact of financial development on growth is limited due to diminishing return to scale of capital. Some recent researches also highlight the relationship between financial development and productivity growth. Jeanneney, Hua and Liang (2006) analyze data from 29 Chinese provinces and find out that financial development has contributed significantly to TFP growth through its positive effect on efficiency in the period from 1993 to 2001. Dabla-Norris, Kersting and Verdier (2010) use firm level dataset and find out that the positive effect of innovation on firm productivity is contributed from financial system. Firms enjoy the maximum benefits from innovation in countries with well-developed financial system. Minjia Chen (2012) examine a panel dataset of Chinese manufacturing firm from 1998 to 2007 also show that financial factors are highly essential to firmsââ¬â¢ total factor productivity growth. At micro level, financial development affects productivity growth by various channels. A firm with better financial health tends to bring higher productivity level. Beck et al (2005) suggest that firm with high liquidity is expected to be resilient to financial and non-financial shocks. Similarly, entrance to large external finance can help a company reduce the level of credit constraints, therefore increase their ability and existence in the market (Aghion et al 2007; Levine 2005). 4. Overview of Vietnam SMEs In Decree 90/2001 ND-CP from 2001 to 2009, SME is defined as an independent business establishment which registered capital not exceeding 10 billion VND or annual average number of workers not exceeding 300. From 2009 up to now, SME is defined as: Small and medium enterprises are business establishment which have registered their business according to the law and are divided into three levels of size: very small, small and medium depend on the sizes of their total capital or their average number of workers (total capital is the priority standard). In term of size of employees, nearly 98.34% of firms are small or medium enterprises in 2012. These firms contributed to 40-60% GDP of Vietnam and over a half of total labors in 2011. SME has important role in Vietnam economy. The SME survey has been conducted by the Central Institute for Economic Management (CIEM), the Institute of Labour Science and Social Affairs (ILSSA) under the Ministry of Labour, Invalids and Social Affairs of Vietnam (MoLISA) and the Development Economics Research Group (DERG) of the University of Copenhagen. The research group selects ten provinces including: Hanoi, Hai Phong, Ho Chi Minh City (HCMC), Ha Tay, Phu Tho, Nghe An, Quang Nam, Khanh Hoa, Lam Dong and Long An. The sample covers around a third of manufacturing firms in Vietnam and seems to be the best quality to represent the characteristics of SMEs in Vietnam. 5. Methodology 5.1. Model Model: TFPit = à ±0 + à ±1 TFPi,t-1 + à ±2 ln LIQUIDITYit + à ±3 ln LEVERAGEit + à ±4 ln SIZEit + à ±5 ln AGEit + à ±6 ln COMit + à ±7 ln HUMANKit + à ±8 ln FOWNit + uit Where i and t are index firm and time, respectively, uit is the stochastic error term. The lagged TFP variable is important due to Levinson and Petrin (2003) estimation method. The authors assume that firm productivity follows a first-order Markov process. Therefore, the lagged TFP variable must be taken in the model for controlling the serial correlation. About the variables of financial development at firm level, my econometric specification contains two proxies of a firmââ¬â¢s financial quality: liquidity (LIQUIDITYit) and leverage ratio (LEVERAGEit). A firm with better financial health tends to bring higher productivity level. Beck et al (2005) suggest that firm with high liquidity is expected to be resilient to financial and non-financial shocks. Similarly, entrance to large external finance can help a company reduce the level of credit constraints, therefore increase their ability and existence in the market (Aghion et al 2007; Levine 2005). Besides, we also control for several firm-specific characteristics to examine firm productivity performance. Firmsââ¬â¢ size (SIZEit) intends to control for the impacts of economies of scale on firm productivity (Balk 2001). Firmsââ¬â¢ size (SIZEit) and Firmsââ¬â¢ age (AGEit) have been found to be linked to firmsââ¬â¢ productivity (e.g. Palangkaraya, Stierwald and Yong, 2009) and are used widely in analyzing firm productivity. Oliner and Sichel (1994; 2000) indicate high-tech capital intensity (COMit) as another determinant of TFP. High-tech capital accumulation has been proven to be an essential factor for raising productivity by improving operational efficiency, profits and, finally, productivity growth (Siegel and Griliches 1992). Another determinant should be considered that is human capital intensity. Since the 1990s, developing countries in Asia, including Vietnam, have been focused on investing human capital, e.g education and training, to achieve higher economic growth. Therefore, it may be interest to estimate the extent of human capital intensity account for TFP. The last important determinant of firm productivity is mentioned widely in many researches of Arnold and Javorcik (2009), Benfratello and Sembenelli (2006), Germa et al. (2004) and Griffith (1999) is foreign ownership (FOWNit). These researches suggest that foreign owned firms are potential to have superior managers, information network and ease to connect international market. Therefore, foreign firms are supposed to get higher productivity than domestic firms. 5.2. Research hypotheses Hypothesis H1: Financial quality (liquidity ratio) will have positive relationship with firm productivity. A firm with high liquidity tends to bring higher productivity level. Hypothesis H2: Financial quality (leverage ratio) will have positive influence on firm productivity. 5.3. Data sources All data sources are available at the Survey of Small and Medium scale manufacturing enterprises (SMEs) in Vietnam, from 2003 to 2009. It gives data about production and financial characteristics of firms such as gross revenue, capital, number of labors, materials, profits, liquid assets, fixed assets, liabilities, equityâ⬠¦ The measurement of TFP: requires information on a firmââ¬â¢s gross output and production inputs. Net output is measured by net sales of manufactured goods. There are three inputs in the empirical model: labor, capital and intermediate materials. Labor is the number of employees working for a company. Intermediate materials include components used in the manufacturing process. Capital is measured by the value of land, building as well as machinery, equipment, excluding the depreciation of assets. Financial development variables: First variable is liquidity, which is measured by the ratio of liquid assets to total assets. Second variable is leverage ratio that is measured by the ratio of liabilities to equity. Control variables: Firm size is measured by the total sales of a firm. Firm age is measured by the number of years a firm in operating. If a firm goes in an industry for less than one year, it is set up for zero. High-tech capital accumulation is measured by the number of computers used for each worker. The proportion of skilled labor to total workers of a firm serves as the proxy of human capital investment. Finally, the ratio of investment capital undertaken by foreign parties relative to the total registered capital is used as a proxy of foreign ownership. Finally, the ratio of actual investment capital of foreign parties compared to the total registered capital is served as a proxy of foreign ownership. References: Aghion, P., T. Fally, and S. Scarpetta. 2007. Credit Constraints as a Barrier to the Entry and Post-entry Growth of Firms. Economic Policy 22: 731ââ¬â119. Arnold, J.M., and B.S. Javorcik. 2009. Gifted Kids or Pushy Parents? Foreign Direct Investment and Plant Productivity in Indonesia. Journal of International Economics 79: 42ââ¬â53. Balk, B.M. 2001. Scale Efficiency and Productivity Change. Journal of Productivity Analysis 15: 159ââ¬â183. Beck, T., A. Demirguc-Kunt, and V. Maksimovic. 2005. Financial and Legal Constraints to Firm Growth: Does Firm Size Matter? Journal of Finance 60: 137ââ¬â177. Bencivenga, Valerie R. and Bruce D. Smith, (1991), Financial intermediation and endogenous Control Unobservablesâ⬠, Review of Economic Studies, Vol. 70, No. 2, 317-41. Benfratello, L., and A. Sembenelli. 2006. Foreign Ownership and Productivity: Is the Direction of Causality So Obvious? International Journal of Industrial and Organization 24: 733ââ¬â751. Dabla-Norris, Kersting and Verdier, (2010), Firm productivity, innovation and financial development, International Monetary Fund. Girma, S., H. Gà ¶rg, and E. Strobl. 2004. Exports, International Investment, and Plant Goldsmith, Raymond W. 1969. Financial Structure and Development. New Haven, Conn: Yale University Press. Greenwood, Jeremy and Bruce D. Smith, (1997), Financial markets in development, and the development of financial markets. Journal of Economic Dynamics and Control 21: 145-81. Review of Economic Studies 58: 195-209. Griffith, R. 1999. Using the ARD Establishment Level Data to Look at Foreign Ownership and Productivity in the United Kingdom. Economic Journal 109: F416ââ¬âF442. Levine, R. 2005. Finance and Growth: Theory and Evidence. In Handbook of Economic Growth Vol. 1, pp. 865ââ¬â934, edited by P. Aghion and S. Durlauf. Amsterdam: North-Holland. Levinsohn, J., and A. Petrin. 2003. Estimating Production Functions Using Inputs to control for Unobservables. Review of Economic Studies 70: 317ââ¬â341. Minjia Chen, (2010), Financial Effects and Firm Productivity: Evidence from Chinese Manufacturing Data. Oliner, S., and D. Sichel. 1994. Computers and Output Growth Revisited: How Big Is the Puzzle? Brooking Papers on Economic Activity 1994: 273ââ¬â334. Oliner, S., and D. Sichel. 2000. ââ¬Å"The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?â⬠Journal of Economic Perspectives, Vol. 14, pp. 3ââ¬â22. Olley, S., and A. Pakes. 1996. The Dynamics of Productivity in the Telecommunications Equipment Industry. Econometrica 64: 1263ââ¬â1289. Palangkaraya, A., Stierwald, A. and Yong, J. (2009), ââ¬Å"Is Firm Productivity Related to Size and Age? The Case of Large Australian Firmsâ⬠, Journal of Industry, Competition and Trade, Vol. 9, No. 2, 167-95. Performance: Evidence from A Non-parametric Test. Economics Letters 83: 317ââ¬â324. Schumpeter, Joseph A, (1911), The Theory of Economic Development. Cambridge Mass: Harvard University Press. Siegel, D., and Z. Griliches. 1992. Purchased Services, Outsourcing, Computers, and Productivity in Manufacturing. National Bureau of Economic Research Working Paper 3678; Output Measurement in the Service Sector, edited by Z. Griliches. Chicago: University of Chicago Press. Sylviane Guillaumont , Jeanneney, Ping Hua Zhicheng Liang, (2006), Financial Development, Economic Efficiency, And Productivity Growth: Evidence from China, The Developing Economies, Institute of Developing Economies, vol. 44(1), pages 27-52. Thangavelu, Shandre M., (2013), Financial Health and Firm Productivity: Firm-level Evidence from Viet Nam, ADBI Working Paper Series. Zhenhui, Sudeshna, (2013), Financial Development and Total Factor Productivity: Evidence from Indiaââ¬â¢s manufacturing sector, Georgia College State University.
Wednesday, November 13, 2019
The Character of Mr. Jaggers in Great Expectations Essay example -- Gr
The Character of Mr. Jaggers in Great Expectations Mr. Jaggers plays a pivotal role in the novel, Great Expectations, written by Charles Dickens. We are first introduced to him in Chapter 11, where Pip encounters the rather condescending lawyer on the stairs of Satis House. Pip describes Mr. Jaggers as "a burly man of an exceedingly dark complexion." We cannot help but notice that he is extremely pontificating, by virtue of him holding Pip's chin and being almost sure that Pip was of "a bad set of fellows" although he had scarcely known Pip for two minutes. Mr. Jaggers' silent and terrifying ambiguity conjures mystery and enigma all around him. We find that very little is mentioned of his background and that he has no family. He is the epitome of callousness and displays the very least human feelings and affection. Through his desperate attempts to remain on the pedestal and away from social company, he is also Dickens' classic example of isolationism, in line with the theme of Great Expectations. He fears that friendly relationships with others will inconvenience his professional work. Undoubtedly, we find him to be an extremely intelligent and capable lawyer of high calibre. It is he that saves both Molly and Magwitch from the gallows through his expertise. He is also the one who supposedly saves Estella from the misery of orphanhood. Although many may argue that he did her more harm than good by giving her to Miss Havisham, we cannot blame him for he thought "that here was one pretty child out of the heap who could be saved.", which he did. By doing all this, he contributes effectively to the movement of the plot. Nevertheless, we also observe that... ...mphasizes that "If my advice had been asked, I should not have been here. It was not asked, and you see me here." This demonstrates that at the very beginning, Mr. Jaggers looked down on Pip and did not consider him worth the money and effort. Overall, Mr. Jaggers is a classic and exemplary embodiment of Victorian society. He is of paramount significance to the novel's plot, but more so to the theme. He is connected to every part of the plot. Through him, we learn what Victorian society was really like - how it judged people, how it treated people and how cruel and unjust it was. Indeed, Mr. Jaggers is Dickens' social message that a true gentleman with morals, human feelings and the spirit of justice was better than a "born gentleman" imbued with the social prerequisites of class and material wealth. This is what the theme of Great Expectations is essentially about.
Monday, November 11, 2019
Communication Medium
There are two types of communication mediums needed for any successful business; Physical Media and Mechanical Media. Physical media channels where the person who is talking can be seen and heard by the audience. The whole point here is to be able to not only hear the messages, but also to see the body language and feel like they are in the room. This does not need to be two way channels. In certain situations the receiver expect physical communication. This is the case especially when dealing with high concern messages.If a message is perceived as important they expect to hear it live from their manager. On the other hand, mechanical media is more of the daily form of communication. With mechanical media written or electronic channels are the primary sources. These channels can be used as archives for messages or for giving the big picture and a deeper knowledge. But they can also be very fast. Typically though, because it is written, it is always interpret by the reader based on hi s or her mental condition.In other words, it is not best to put humor or irony in these communication mediums because it can be percieved the wrong way. Since the company is spread through several continents around the world a great new medium is Global 365. Microsoft Office 365 operates as a cloud-based replacement for Microsoft's desktop tools, packaging Office, SharePoint Online, Exchange Online and Microsoft Lync into a cloud service. Office 365 is not only marketed to a larger company, it is also provides a package for the cost consensus smaller company.What is meant by this cheaper Office Web Apps only version. While a bigger company would purchase the full version. The idea of all your Microsoft software e-mail, documents, contacts and calendars are available anywhere at any time is an enticing feature. As well as the compatibilities it has with almost all devices. It is compatible with PCs, Macs, iPhones, Android phones, Blackberry smartphones, Windows Mobile and Windows Pho nes. Office 365 is all about collaboration.Users can share large files both inside and outside their organization, from a single document location point, meaning that the current version of a document is always the most current, regardless of how many editors are involved. Office Web Apps allow users to access and edit Word, Excel, PowerPoint and OneNote documents in their browser, and simultaneous editing of Excel spreadsheets and OneNote notebooks with others in real time is easy and intuitive, with users able to see exactly who is editing and viewing documents at all times.A company can use emails, the company website, video conferences, slide-shows, webinars, a personal letter to the employee, the company magazine or the company's voice mail or speaker system to meet and provide feedback. The important thing to note is that positive feedback motivates people to improve, and the media a company has available to use are only limited by the imagination of its Human Resources depart ment.
Saturday, November 9, 2019
Carl Rogers Theory of Client-Centered Therapy essays
Carl Rogers' Theory of Client-Centered Therapy essays The main thrust of Carl Rogers' theories of human psychology and treatment revolves around the client- or person-centered therapy. Client-Centered Therapy was developed by Rogers in the 1940's and 1950's. It is a non-directive approach to therapy, "directive" meaning any therapist behavior that deliberately steers the client in some way. Directive behaviors include asking questions, offering treatments, and making interpretations and diagnoses. I find that a non-directive approach is very appealing on the face of it to many clients, because they get to keep control over the content and pace of the therapy. It is intended to serve them, after all. The therapist isn't evaluating them in any way or trying to "figure them out". When I first read about Rogers' client-centered therapy, I found myself asking about what really is in client-centered therapy if the therapist isn't interjecting their own insights and analysis. I think that the answer is whatever the client brings to it. And that is, honestly, a very good answer. The central belief of client-centered therapy is that people tend to move toward growth and healing, and have the capacity to find their own answers. This tendency is helped along by an accepting and understanding climate, which the client-centered therapist seeks to provide above all else. Client-centered therapy sounds rather simple or even limited, mostly because there is no particular structure that the therapist is trying to apply. But when I saw the client-centered therapy in action I saw a very rich and complicated process. The patient is allowed to unravel his or her own thoughts and emotions. The patient discovers new things, takes brave steps, and does not have to cope with a therapist who is doing things to them in the meantime. The therapist strives to understand and accept the client's feelings, which is no simple feat. Over time, the client increasingly seeks to understand and accept their o...
Wednesday, November 6, 2019
A Cultural Interpretation of Achebes Things Fall Apart essays
A Cultural Interpretation of Achebes 'Things Fall Apart' essays It has been said that our era will see the beginning of a new period in world history, the Age of the Indigenous Peoples, a reassertion of the third worlds identity in reaction to the imperial and colonial expansion which dominated international relations of the past few centuries. With few exceptions, colonialism has wreaked havoc on native peoples, killing or displacing large populations, exploiting resources, demarcating arbitrary national boundaries, and leaving regions economically and politically dependent on former imperial powers. Yet this multicultural contact has also fostered a new global consciousness and facilitated the rise of international institutions that have given political substance to the belief in universal human rights. Already one can see civil wars and popular uprisings throughout the developing world sparked by the unstable mixture of foreign-sponsored despots and democratic or socialist ideas. Meanwhile, historians today are being forced to reexamine funda mental assumptions regarding the European incursion on the rest of the world. To speak of civilizing the primitives or saving the souls of the heathens is not only intellectually naive, such euphemisms are repugnant to the modern sense of morality. Western society faces a critical point in history. Disillusioned with past conquests and faced with unprecedented possibilities for future catastrophe, we must strive for a new understanding of the indigenous cultures so alienated and embittered by our predecessors misconceptions (Achebe vii). Fortunately, real positive change is already in motion. Conscientious individuals are joining together in voicing opposition to state actions, allying themselves with unfamiliar ethnic and religious groups in exotic regions. Out of this cultural ferment, great artists emerge to reveal new truths and new values, and to reaffirm that which is most universal in t...
Monday, November 4, 2019
Ethical Case - Related to Accounting Principles & Adjusting Entries Essay
Ethical Case - Related to Accounting Principles & Adjusting Entries - Essay Example In order to report a higher current ratio than the actual value, the companyââ¬â¢s chief financial officer omitted some items such the accrued salary payable and supplies for the period. Based on the short case, two discussions will be prepared. The first discussion concerns whether failure to make adjustment entries would lead to an improvement in the current ratio. The second analysis shows whether it is ethical for such omissions to be made, and the relevant accounting principle involved. The current ratio is used to measure the ability of the company to meet all the current obligations using the current assets, and without exhausting the available current assets. The current ratio is obtained using the following formula = (current assets/current liabilities). Jââ¬â¢s Wedding Production required current ratio of 1.5 means that the companyââ¬â¢s current assets should cover the current liabilities 1.5 times before they are exhausted. Similarly, the actual current ratio of the business, 1.4 means that the current assets could cover the current liabilities 1.4 times before they are exhausted. The accrued salary payable and the supplies used during the year are categorized under liabilities and current assets respectively (Kapil, 2011). Their omission reduces the reported total current responsibility and also increases the stated amount of inventories (current assets) for the company. The total current liabilities are a factor of the current ratio. That is, current ratio = (current assets/current liabilities). Therefore, if the current liabilities are reduced by eliminating some liability items (the accrued salary payable) and the current assets increased by included the amount of inventories used during the period, the numerator element is increased while the denominator part is reduced, thus, leading to high current ratio (Kapil, 2011). Various users use the accounting information for different purposes. The user is the investors, the employees,
Saturday, November 2, 2019
Jim Sharpe Essay Example | Topics and Well Written Essays - 500 words
Jim Sharpe - Essay Example He has to find a business within the time period he has given himself. And finally time has to quickly adapt to this new role of his. He has to keep pace with the dynamics of the situation and keep increasing his learning curve. Sharpe is falling short of the capital required to make the deal. Thus he is going for a leveraged buyout. The upside of this way of transacting is the availability of liquidity and flipping. However, the second benefit is cut by the original owner. In case the business does not go well, Tim will be in whole lot of mess. The biggest culture change that he will experience is the unionized environment of his acquired company. Whereas previously in which ever company he has worked in there was zero tolerance for unionization. But in this company the previous owner has received quiet serious blows from the activities of the union. Tim is in a very tough situation and he needs the commitment of his employees to execute is turnaround strategy. If they do not comply with his orders than he would have much to lose as compared to his workers. If Press Alloy had been a subsidiary of large corporations than in it current situation, it would have been decide by the corporate CIO to put it out for divestitures or liquidate it. Tim might have received a comparatively lower price, because the people who are dissecting Press Alloy from the parent company are not looking to sell it at a profit. These people are happy with whatever they can muster. Their focus is to minimize the parent companyââ¬â¢s losses arising due to Press Alloyââ¬â¢s unprofitable operations. The corporate guy responsible for the deal would have a minimum price to extract, whereas the original entrepreneur would be pricing the company according to the companyââ¬â¢s earning potential, thereby shifting the paradigm of the entire negotiation
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