Tuesday, May 26, 2020
Discriptive Essay Topics - What Should You Know?
<h1>Discriptive Essay Topics - What Should You Know?</h1><p>It isn't difficult to concoct great composing style or for you to locate the correct exposition subjects for your thesis. In any case, you may require help from an accomplished paper composing mentor to complete it properly.</p><p></p><p>The initial step that a decent composing coach will give you is to experience the thesis subjects and check whether there are any defects in them. This will give you a thought of how troublesome or simple the point is. This will assist you with picking the best ones, in the event that you need to pass the exposition composing test.</p><p></p><p>Your center will at that point move to your end of the year test and how you will set yourself up for it. There are a few things that you have to do to guarantee that you get the most ideal evaluations. A portion of these things include:</p><p></p><p>Selecting th e engaging paper points is just the start. You additionally need to ensure that your work has its own style, particularly when composing an essay.</p><p></p><p>Don't use filler words that will just remove space and give no substance to your exposition. For instance, on the off chance that you are composing an exposition on your preferred blossom, don't record the name of the bloom. It doesn't make a difference in the event that it is a mint bloom or a flower bramble, however simply utilize a full sentence.</p><p></p><p>Using cites is an extraordinary thought. In any case, be certain that you have figured out how to utilize them accurately. It is critical to utilize a statement that originates from a notable power, for example, a writer, a lawmaker, or an individual who has an extraordinary essentialness to you.</p><p></p><p>Another thing that you have to consider while picking unmistakable paper themes is to pic k a subject that will praise your character. On the off chance that you are modest, at that point you ought to pick subjects that will pull in people.</p>
Monday, May 25, 2020
What Is a Good Essay Topic For an Econ 345 Course
What Is a Good Essay Topic For an Econ 345 Course?What is a good essay topic for an Econ 345 course? This is the number one question many students ask when they are preparing to take this course. There are a lot of them out there and you can get confused. You need to know what is a good topic and which ones are worth your time and effort.Econ 345 is a course about business. That means you will be looking at a lot of business strategies and what they mean. Your essay is your chance to tell the professor that you have a well researched business strategy to hand. Your essay is a way for you to tell the professor what you think of the course material. This is your chance to be really honest and open about how well you understand the course.What is a good essay topic for an Econ 345 course? Your topic should be about a product or service that you have use and that you know a lot about. For example, if you know something about computers, you can include a computer-related topic in your ess ay. If you can't think of a good one, just give the professor a few ideas.What is a good essay topic for an Econ 345 course? The most important thing that you can do when you are researching and writing an essay is to make sure that you stay on topic. If you aren't, the essay will fall apart.What is a good essay topic for an Econ 345 course? You also want to be careful with the topic that you write about. This will be a big part of the final grade. If you choose a topic that is too broad, it will show that you either don't understand the course very well or that you were too lazy to research the topic.What is a good essay topic for an Econ 345 course? Another thing that is critical is that you make sure that you write an essay that stands on its own. The easiest way to do this is to make sure that the essay is short and to the point. An essay that is too long may seem longer but it won't be as effective.What is a good essay topic for an Econ 345 course? The reason that an essay is c alled a paper is because it is essentially a discussion piece. You must make sure that you have an effective discussion with your essay so that the professor gets the idea that you did some serious research.What is a good essay topic for an Econ 345 course? Using these three things as a guide, you should be able to come up with a good topic for your essay.
Essay Writing For Accuplacer Test
Exposition Writing For Accuplacer TestBefore you start your article composing for Accuplacer, it is basic that you initially have an essential information on the topic. In the event that you are inexperienced with your preferred zone, you ought not stress since you can generally get an outline of the theme by taking a class or finding out about the Internet.After you have chosen which subject you will expound on, the following stage is to make a rundown of the inquiries that you will be inquired. Attempt and research and locate the best article theme for your subject. In the event that you know the focal point of your paper will be the investigation of a specific catchphrase, compose the article along these lines. Pick a watchword to help outline your exposition, at that point on the off chance that you utilize the catchphrase in your article, at that point it will enable your peruser to comprehend the central matters of your essay.As you look into changed kinds of subjects, you shou ld peruse whatever number various feelings as could be allowed. You may find that the theme you are generally intrigued by is very different from the assessment of different understudies, particularly on the off chance that they have composed a paper here previously.It is imperative that you pick an exposition composing for Accuplacer test that gives you a decent comprehension of the subject that you have picked. The article must have the option to introduce the subject well without exhausting the peruser or causing them to feel that they don't have to keep perusing the whole paper. Make certain to join whatever number subtleties as would be prudent to your essay.A speedy review of the subject should help improve your article, so it is significant that you incorporate fundamental realities that identify with the theme. Compose a presentation and an outline, and afterward move onto the body of the paper, which will contain the central matters of your article.Once you have completed a llof the pieces of your article, you should ensure that there is an end. This can be effectively accomplished by including a rundown of your article and a statement or two. Attempt to be as succinct as conceivable as not exclusively will it help to guarantee your peruser remembers about your exposition, yet in addition to help keep them from avoiding the conclusion.Finally, on the off chance that you feel that the layout you have composed is excessively long, at that point it is significant that you don't separate it further and split it into parts. So as to get the best outcomes, separate your article into littler parts with the goal that you can cover a specific piece of the theme in more detail.When you compose an exposition, it is significant that you invest the most energy in one part of the subject, in any case, you ought not make this errand excessively troublesome. Recollect that the entirety of the parts of the subject will be secured when the test is passed, so the primary concern is to get your exposition completed and pass it rapidly with the goal that you can grab the eye of the understudy understanding it.
Thursday, May 21, 2020
Research Papers on a Raisin in the Sun
<h1>Research Papers on a Raisin in the Sun</h1><p>Why would anybody imagine that composing research papers on a raisin in the sun is a smart thought? The response to that question is somewhat basic. On the off chance that the individual that you are attempting to intrigue has next to zero involvement in PCs, at that point utilizing an electronic device, for example, an online research generator could be the most ideal approach to persuade them that you are an expert.</p><p></p><p>You may ask why it is that individuals would need to compose look into papers on a raisin in the sun. The straightforward answer is that they need to be accepted. Recollect that when you start an undertaking, you are attempting to ensure that you complete it before the cutoff time. In the event that your undertaking requires your consideration for not exactly seven days, you might have the option to pull off not really thinking about it at all.</p><p>< /p><p>However, in the event that you need to compose a paper that must be conveyed, you will make some troublesome memories on the off chance that you can't make any kind of endeavor to make your paper persuading. What do you do when you have had a hard day's worth of effort and unexpectedly understand that you have neglected to remember specific data for your paper? There is nothing that will fulfill the individual who is working with you more than seeing that you have not been messy. Indeed, there is a generally excellent possibility that they will rest easy thinking about the activity that you have done in the event that they feel that you didn't forget about anything vital.</p><p></p><p>Take some time and consider your conditions. A few people have the advantage of having the option to deal with something each and every day. For instance, somebody who possesses a bar may just need to get up in the first part of the day and head over to the bar, w here they will spend the remainder of the day working. They will likely just need to stress over completing their rounds or making a couple of beverages for customers.</p><p></p><p>On the other hand, somebody who is attempting to get their own undertaking finished will presumably need to begin working from the earliest starting point of the task, which implies that they should orchestrate the work and the examination. On the off chance that they are responsible for composing the examination paper, they may even need to place in their very own portion time. In the event that they are doing the substance composing, they may need to go to a library and discover the exploration materials. At that point they should work out the material that they need to incorporate and ensure that it is introduced correctly.</p><p></p><p>In request to make an enticing contention, you may need to do somewhat more work than basically composing research paper s on a raisin in the sun. You should ensure that you can introduce your thought such that will be simpler for others to comprehend. Truth be told, you should do a great deal of the deduction for yourself.</p><p></p><p>There is nothing amiss with composing research papers on a raisin in the sun, yet you should be fit to be censured. In the event that you are composing your paper with others around you, you will have the chance to get your work checked on by a specialist who can disclose to you whether your piece is sufficient to be printed.</p><p></p><p>What precisely does it intend to compose examine papers on a raisin in the sun? It implies that you must have a solid handle of your subject. Obviously, this is more difficult than one might expect, yet it will assist you with learning more about your field in the event that you decide to take part in this kind of activity.</p>
Tuesday, May 19, 2020
Are Mergers And Acquisitions Justifiable For Growth Finance Essay - Free Essay Example
Sample details Pages: 16 Words: 4910 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Introduction Investment Banking has received a lot of attention and negative publicity as of late and is deemed responsible for the recent recession that followed the credit crisis in 2007. Nevertheless the advisory side of the business has been largely irrelevant to causing the crisis. Mergers Acquisitions ( MA) advice is vital in the world of corporate finance and creates an efficient market for corporate mergers. Donââ¬â¢t waste time! Our writers will create an original "Are Mergers And Acquisitions Justifiable For Growth Finance Essay" essay for you Create order The fees charged by advisory practices for the services are sometimes seen as outrageously high and unjustified. Like any other salesmen, investment bankers charge a commission based on the price of the product. Due to the vast sums companies are worth, fees generated are large as well. Whilst the economic value of mergers and acquisitions has been analysed in great depth, advisory fees, and their effect on premiums paid by acquirors for the target firm, has been largely neglected by literature. This study aims to analyse whether the fees are justified by analysing whether more expensive advisors add value for the shareholders or not. We will research how advisors are chosen, and how fees are determined. Then we will continue to analyse how advisors, and the fees they charged impact the premium paid. This paper will focus on the transactions with any German involvement. This will proof valuable as Germany has not been covered in depth and will provide new insights. This study i s highly relevant to economic theory and will focus primarily on the principal agent problem. Concepts Literature The number of mergers and acquisitions taking place in the corporate world increased dramatically over the last two decades. Alongside this trend market analysts and academic researchers have been working to identify key factors affecting merger outcomes, and what differentiates a successful acquisition from a failed one. The role of investment banks and the relationship between client and advisor has been of particular interest. How this relationship affects merger outcomes, such as time to completion and premium paid has been subject to thorough investigation. Whilst it is generally agreed that investment banks provide valuable services in making the market for corporate mergers and acquisitions more efficient(Mortensen 1982, Diamond and Maskin 1979), the apparently excessive fees charged by advisors have come under criticism in recent years. It is unclear whether advisors add sufficient value to justify their high fees. This literature review aims to examine some of the previous papers investigating this topic. Merger fees for the purpose of this paper will be defined as fees paid to investment bank advisor. This paper will ignore other fees incurred during the transaction such as legal, consulting, or auditing fees and solely focus on the fees received by the investment bank responsible for facilitating the transaction. It is important to distinguish between target and acquirer fees. With regards to price paid for the target, the acquisition process is a zero sum game. The acquirer would like to pay as little as possible, whilst the target would like to achieve a price as a high as possible in order to maximize value for its shareholders. The targets gain is the acquirers loss and vice versa. Thus fees paid by both parties will have to be looked at separately, in order to determine if higher fees generate value for the shareholders of the respective parties. There are principally two ways in which investment banks create value for their client and t he clients shareholders, the first is through creating an efficient market for transactions and suggesting suitable acquirers/targets for their clients. The second, and the one this paper will focus on, is through negotiating the best possible price for their client. Bowers and Miller find significant evidence that more prestigious and thus more highly paid banks generate higher returns for their clients through selecting suitable targets/acquirers. Other papers generally support these findings (Grossman and Hart 1980, Servaes and Zenner 1986). Whilst there is a vast amount of literature investigating the excess returns generated by bankers through suggesting suitable acquirers/targets for their client, there is very little done in terms of premium paid/received and choice of advisor. The most relevant paper for the purpose of this discussion is Chahine, Ismail (2005). This is because it is one of the very few papers that distinguish between fees paid by acquirer and by target. I t focuses on the level of premium paid for the target, and the investment banks effort. Fees and advisor reputation are used as proxies for advisor effort. The paper focuses on investment bank effort, rather than fees as previous research has found that advisor choice is mainly driven by reputation(Walter, Yawson and Yeung, 2008)(and not necessarily by fee level, although reputable advisors will generally also charge higher fees)(Srinivasan 2001). Within this framework, Chahine and Ismail propose three Hypothesis; The choice of target investment bank reputation is positively related to the choice of the acquirer investment bank The fees paid to advisors is positively related to reputation, and the target advisor fee also depends on the perceived quality of the acquirers advisor The higher the acquirer advisor fee/reputation the lower the premium. The higher the target advisor fee/reputation the higher the premium. This suggests a sequential decision making framework. The acquirer chooses its investment bank first. Then the target chooses its bank, which will depend on how reputable (and thus expensive) the acquirers bank is. The more prestigious the acquirers advisers, the more of an incentive for the target to hire a reputable advisor. The main issue with trying to model the effect of advisor choice on fee is the vast number of variables driving premium and distinguishing between correlation and causation. Cash-rich acquirers maybe willing to hire highly expensive advisors and pay a very high premium because they have sufficient cash available, this would mean the effect of expensive acquirer advisors on premium may well be underestimated by a regression. Likewise troubled target firms, likely can only afford cheaper advisory firms, and will likely receive lower premiums as they are not performing optimally. This will likely overstate the effect of advisory quality on the target side. Another well researched issue, is the deal completion hypothesis. It states that investment banks may induce their clients to pay a premium that ensures deal success, rather than optimizes value. This implies target advisors would negotiate a lower premium to ensure deal success, and acquirer advisors would negotiate higher premium. (Chahine Ismail 2005). This creates a conflict of interest between acquirer and investment bank, as the latter may only be motivated by fee. Fee however mainly depends on deal success, thus the advisors may focus more on getting the deal done than on maximizing value for clients. This is negated to a certain extent tough since future business for an advisor is mostly dependent on its reputation (McLoughlin 1990), and thus advisors have an incentive to act in the best interests of their clients to ensure a good reputation and future deal flow. Methodology The method used by Chahine and Ismail(2005) will serve as base but will need to be altered significantly. See below the three equations used in their paper, these equations will serve as a base for our own regressions. a) Acquirer Advisor Reputation = f(deal value, acquirer size, , deal attitude, geographic scope, method of payment, industry scope) b) Target Advisor Reputation = f(acquirer advisor reputation, deal value, acquirer size, deal attitude, geographic scope, method of payment, industry scope) a) Target Fee = (Acquirer Reputation, Target Reputation, deal value, deal attitude, geographic scope, method of payment, industry scope.) b) Acquirer Fee =(Acquirer Reputation, deal value, deal attitude, geographic scope, method of payment, industry scope.) 3. Premium = f (acquirer fee, target fee, acquirer-IB reputation, target-IB reputation, deal value, acquirer size, deal attitude, geographic scope, method of payment, industry scope) These equations will attempt to model the sequential decision framework. At first the acquirer decides it would like to buy a company, and then chooses its advisor. This choice will depend on the various factors listed above, we would expect it to be mainly driven by acquirer size. Because we define reputation in terms of league table placement, the advisors at the top of the league table must advise on many large transactions to reach this league table position. Hence they are likely the ones with most experience, and best connections to large clients. Hence these large clients are much more likely to hire a reputable bank. After the acquirer chooses its advisor, they together find a suitable target. When they approach their target, the target will hire its own advisor, dependent upon similar factors to the acquirer. However the target knows which advisor the acquirer picked and hence will likely try to pick an equally reputable one. Fees are determined simultaneously to the hiring of the advisor and are likely contractually laid out when the advisor is hired. The above variables are intended to gauge complexity of the deal which would require higher fees. The fees of the respective side will also dependent on the reputation of the advisor, with more reputable advisors charging higher fees. We would expect the reputation of the acquirer to affect the target fee levels, as this reputation is known to the target advisor when the contract is set up. Lastly then premium is determined by various factors as laid out above, the effect of the relevant advisor and fee variables have been discussed in the theories above. The key issue in this equation is RHS endogeneity and lack of sufficient exogenous instruments. The reputation of the acquirers advisor is endogenous as more complex, larger deals generally require a more reputable acquirer. However all of those factors may influence the premium as well. There is a lack of exogenous variables to use as instrument for this. We may attem pt to use acquirer size as instrument, since in our own regression we found this to be least correlated to the premium. Whilst some previous literature(Rau, 2000) finds that larger acquirers may pay larger premiums, it is as of now the best instrument available. Target advisor reputation faces similar issues, they are compounded by the fact however that it also depends on the acquirers advisor reputation as we have laid out in the sequential decision making framework that the targets advisor choice is dependent on the acquirer. There are unfortunately no exogenous instruments available. Overall Chahine and Ismail serve as a template but their 2SLS methodology is flawed. They estimate reputation and fee separately, then use those estimates in a 2SLS regression to determine premium in the equation laid out above. However this is unnecessary as 2SLS does this itself already, hence their standard errors and significance levels are likely wrong. This paper will attempt to correct t his flaw. Overall estimation will nevertheless be difficult due to severe RHS endogeneity, multicollinearity and lack of exogenous instruments. Data Data Source: Transactions ThomsonOne Banker Database Company reports Fees Freeman algorithm estimates We primarily used ThomsonOne Banker database to gather all relevant transactions details. Only acquisitions larger than $1m and only non financial institutions (as valuation is vastly different from other industries) will be used. There are several issues that need to be addressed in data collection. For one there is heavy survivorship bias as only transactions that happened are recorded in the database and all failed negotiations are not accounted for. Further there is significant attrition as of an original 10,000 recorded transactions only 130 meet all sufficient criteria, thus we are only dealing with a very limited subsample of the entire transaction space. Key Statistics: Avg. Deal Size Avg. Acquirer Size % Cross Industry % Crossborder $4.1bn $22.7bn 56 75 % Reputable Target Advisor % Reputable Acquiror Advisor % Target fee of total % Acquirer fee of total 56.5 69.2 0.88 0.88 Avg Premium Min Premium Max Premium # of Transactions 33.1% -2.6% 130.5% 114 Our premiumspread is wide, and this sample has been truncated significantly to exclude any distressed situations (high negative premium), and outliers at the top end. All deals are control changing. Average transaction and acquirer size are large($4.1bn, $22.7bn) this is expected as we only included publicly listed companies, which tend to be large, hence both acquirers and targets will be large. Both acquirer and target fees(as % of total deal value) are similar. Most deals are cross industry or cross border. Most transactions are advised by reputable advisors, suggesting the market for these large cap transactions is split between few firms. We defined advisor reputation by taking the league tables 5 years prior to deal announcement. The top 10 firms in those league tables are declared reputable(assigned a 1 in the dummy), the rest is assigned a zero. Target advisors tend to be less reputable than acquirer advisors. There are minor inconsistencies in share price data. We tried to use 4week previous share prices in determining the premium level, however for some transactions(5) there are only one week or one day prior data available that was used. We manually looked at their share price and found the available one week/one day data to be in line with the 4 week prior data. Further exchange rate fluctuations may alter valuations and sizes, as all data on Thomson one is in USD. Thomson one does not supply acquirer size data. It was put together using company financial reports were available. Revenue was used, rather than equity value, to allow for easier comparison between public and private companies, and to avoid having to make difficult valuation judgements. Where data at year of purchase was not available it was estimated using prior years. No original fee data is available, Thomson One relies on freeman algorithm estimates. This maybe an issue if the algorithm is flawed. The algorithm is generally accepted in industry, and there is no origi nal data available for German transactions, hence we are forced to rely on these estimates. Empirical Results probit acqadvrep lnacqsize border xindustry, vce(robust) acqadvrep Coef. Std. Err. Z Pz lnacqsize .304 .0683 4.45 0.000 border -.568 .348 -1.63 0.103 xindustry .0316 .269 0.12 0.906 _cons -1.642 .588 -2.79 0.005 Marginal effects: variable dy/dx Std. Err. z Pz lnacqs~e .102 .0223 4.55 0.000 border* -.172 .0916 -1.88 0.061 xindus~y* .0106 .0905 0.12 0.907 We use a probit model to analyse determinants of acquirer advisor reputation. This is sensible as acquirer advisor reputation is binary. We found this specification to be adequate using various tests. We find only the natural log of the acquirer size and cross border to be significant. As expected the key determinant of the acquirer advisor reputation is the acquirers size, as discussed before the top of the league table advisors are at the top because they advise on a lot of large transactions, and hence have a strong reputation amongst large acquiring firms. The negative coefficient on border is counterintuitive as we would expect cross border transactions to be more complex and thus warrant more reputable advisors. One possible explanation is that cross border deals involve countries with significant differences in league table placement of advisors, and thus this leads to a strong negative bias on the border coefficient. probit tgtadvrep acqadvrep lndealsize, vce(robust) Tgtadvrep Coef. Std. Err. Z Pz Acqadvrep .708 .311 2.28 0.023 Lndealsize .520 .116 4.50 0.000 Border -.119 .315 -0.38 0.705 Xindustry -.029 .283 -0.10 0.918 _cons -3.45 .750 -4.61 0.000 Marginal effects: variable dy/dx Std. Err. z Pz acqadv~p* .275 .118 2.33 0.020 lndeal~e .200 .042 4.73 0.000 border* -.046 .119 -0.38 0.703 xindus~y* -.011 .109 -0.10 0.918 Moving onto hypothesis 1 b), the target advisor reputation, we find a significant positive impact of acquirer advisor reputation on target advisor reputation. The natural log of deal size is also positive and significant. This confirms our above hypothesis of a sequential decision making framework. The log of deal size is highly important for the same reasons as above, top league table advisors will have most large transaction experience. What is interesting to see with both target and acquirer reputation is that deal/acquirer size appears to be the main drivers, and the variables measuring complexity of transaction (cross industry, cross border) do not have a significant effect (except for border for acquirer reputation, a counter intuitive and likely biased effect). ivregress 2sls tgtfee lndealsize border xindustry (acqadvrep = lnacqsize) tgtfee Coef. Std. Err. z Pz acqadvrep -.166 .335 -0.50 0.621 lndealsize -.231 .035 -6.54 0.000 border -.076 .103 -0.74 0.460 xindustry -.152 .084 -1.80 0.072 tgtadvrep .250 .131 1.91 0.057 _cons 2.471 .198 12.49 0.000 We use a 2sls to account for the endogeneity of acquirer advisor reputation. Unfortunately we cannot account for the endogeneity of target advisor reputation as we lack exogenous instruments. We see that the reputation of the acquirer advisor is insignificant, the log of size of the deal is highly significant and negative, the reputation of the target advisor is positive and significant. As tgtfee here is defined as fee paid to target advisor as a %, it is expected for this % to decrease as the size of the deal rises. This is because on very large deals advisors tend to charge lower fees as % of total deal, as the fees in absolute terms are still more than sufficient to compensate the advisor. We find that more reputable advisors charge higher fees as %, this was also to be expected. Contrary to our hypothesis, the reputation of the acquirer advisor has no effect on the target advisor fees. This may be due to the endogeneity issues with targ et advisor reputation. ivregress 2sls acqfee lndealsize border xindustry (acqadvrep = lnacqsize) acqfee Coef. Std. Err. z acqadvrep .483 .254 1.90 lndealsize -.296 .0314 -9.40 border -.099 .0795 -1.25 xindustry -.103 .0640 -1.61 _cons 2.571 .139 18.49 Similar regression as above, we find only acquirer advisor reputation, deal size, and cross industry to be significant. Coefficient on acqadvrep is positive and significant as expected, more reputable advisors charge higher fees. Fees decrease as a % in dealsize, which was also to be expected. The coefficient on cross industry is interesting, as it is counter intuitive. One would expect advisors to charge higher fees on cross industry transactions, as they are more complex. One explanation maybe that cross industries deals are primarily undertaken by financial buyers, who are less willing to pay high fees. Alternatively strategic buyers gain less synergies in cross industrie deals and thus maybe less inclined to pay high fees. reg lnpremium border xindustry acqfee acqadvrep tgtadvrep ownedaftertransaction tgtfee pharma TMT natres, vce(robust) lnpremium Coef. Std. Err. t Pt border .031 .214 0.15 0.884 xindustry .114 .167 0.68 0.496 acqfee .059 .211 0.28 0.782 acqadvrep -.285 .207 -1.37 0.172 tgtadvrep .143 .231 0.62 0.539 ownedafter~n .024 .008 3.17 0.002 tgtfee -.457 .272 -1.68 0.096 pharma .555 .193 2.88 0.005 TMT .664 .280 2.37 0.020 natres .974 .535 1.82 0.072 _cons 1.151 .679 1.70 0.093 We use an OLS model as there is too much endogeneity to account for, hence we chose to ignore it, and discuss limitations of our results later on. We also find various specification issues which we could not address, including omitted variables. These are likely due to the endogeneity issues. See appendix for relevant tests. We find the % of shares owned after the transaction highly significant, and positive. This is to be expected as buyers have to pay a significant control premium. Whilst our sample only includes transactions in which there was a change in control (shares owned before must be less than 50%, shares owned after transaction must be more than 50%), there is an additional premium for owning larger stakes in firms, especially for owning up to 100%. This is because minority shareholders still hold significant rights and need to be compensated highly to sell their shares and forfeit those rights. This is well documented in the exis ting literature ( Dyck and Zales, 2004). The primary argument is that large blocks of shares grant its owners private benefits, not available to diluted shareholders. These mainly arise through improved control over management, amongst other factors. The positive coefficients on pharma, natural resources(natres) and TMT is in line with theory. Those three industries traditionally command higher premiums than the remaining industries. In the case of TMT this is primarily driven by technology companies which historically achieve very high premia due to high future upside. The same applies to pharmaceutical companies. This is mainly because most pharmaceutical transactions involve larger companies acquiring smaller firms with a promising pipeline. Large firms are able to pay high premiums over market value because the pipeline, when realized, can lead to huge profits for them as they possess a vast distribution network, which the small firm lacks. Relevant to our core theory we u nfortunately only find target fee to be relevant, and to have a negative effect. This is not necessarily counter intuitive, as it is in line with the deal completion hypothesis. Because league tables are driven by closed deals, those on top of the tables(and thus those charging higher fees), got to the top through closing a lot of transactions. A transaction is more likely to close the lower a premium the target advisor demands. Also fees are only paid in case of deal closure, so advisors have a short term incentive to close a deal to reap fees, although in the long run this may damage reputation(however only if reputation is not primarily determined by league tables, as league tables are driven by closing deals). An issue we face is potential Endogeneity. Our theoretical framework established a highly endogenous relationship between all independent variables (i.e. tgtfee depends on acquirer reputation and target reputation which all drive premium). We found some relationship bet ween acquirer advisor reputation, target advisor reputation and the fees charged by them. Our issue is we cannot address it in a 2SLS framework as we lack exogenous instruments. This means our OLS estimates maybe biased and inconsistent, making interpretation questionable. In the Ramsey reset test we also find there to be omitted variables, however even upon inclusion of all available variables in various combinations we have found no adequate specification, which again is likely caused by the endogeneity. Limitations, Extensions Conclusion The validity of this study and any study trying to find the impact of advisor fees/reputation on shareholder value is questionable. There are too many reasons as to why such investigations are riddled with flaws, we will briefly try to touch on the few key points. The first issue is the problem of deciding what a fair price is, and what the correct premium should be. Determining premium levels involves valuation. Valuation is an inherently subjective matter. Thousands of finance professionals and academics obsess over this daily, analysis are often as quantitative as they are qualitative. Valuation is not an exact science and there is always significant room for debate. This will lead to random variations in premiums paid amongst similar companies. This is because the market for companies is highly illiquid and thus accurate pricing is not achieved. Even if there was a generally agreed upon formula to value businesses, unobserved heterogeneity would still be a major issue. Th ere are an infinite number of qualitative factors affecting the valuation of any one business. Whilst it is possible to include the most obvious ones (i.e. severe expected litigation charges, recent damage to the brand, distressed situation), to conduct in-depth valuation of each transaction this is beyond the scope of this paper(investment banking professionals may spent 40 hours or more on each firm valuation) and as discussed above would not necessarily yield great results. Even if we could take them all into account, the actual price paid for a corporation is still subject to massive variance because different buyers can afford different prices, which will lead to bias in the coefficients for advisor effect. This is an issue because of the illiquid nature of the market. We attempt to account for financial buyers paying lower prices(although find the coefficient to be insignificant), although even two strategic buyers may be able to pay vastly different premiums for similar bu sinesses. This leads to even more heterogeneity and random variation of premium. Moving onto our last issue, even if we had perfectly homogenous companies and a way to value them exactly, we still have one major enemy in our undertaking, the date of transaction. Timing of transactions influences valuations and premiums in a vast number of ways, many unobservable, we will attempt to briefly discuss the most common ones. Stock market valuation differ massively throughout time, and often do not reflect fundamentals. A premium of 100% maybe perfectly adequate for one pharmaceutical company if its price is depressed due to market irrationality, whilst a premium for the same pharmaceutical company of 10% maybe outrageously high even just one year later. Next to the stock market aspect we also face a credit aspect. Depending on availability of credit and interest rates financial buyers may be able to pay significantly higher premiums(as seen in 2007). Another issue is not only the overa ll cycle, but also the individual industry cycle affects premium. Lastly there are not only problems associated with the market pricing of firms, global macro conditions also affect the fundamentals of companies. When you add the interplay of these two factors you could realize that comparing a transaction today to a transaction five years ago is incorrect. We have tried adding a time variable to account for this, but found them to be insignificant. Extensions As you see from the limitations mentioned above, the key extension is to massively increase sample size. As we have exhausted all German transactions, further research may be done by adding more European countries to the transaction list. This would allow it to deal with the various issues of unobserved heterogeneity better. Although we would face the additional problem of differences between countries, we should however be able to account for those easily through use of appropriate dummy variables. With vast amounts of additional time and resources analysing every transaction in depth, attempting to model in all the qualitative factors could lead to better results as well. Conclusion: This paper examines the choice of advisor, the fees charged by advisors, and the determinants of premium in MA transactions. We proposed the same three hypothesis as Chahine Ismail (2005). The acquirer first chooses its advisor based on deal complexity, then the target plays a best response to the acquirers choice, and lastly the premium is a function of advisor reputation and some deal specific variables. We also followed the methodology of Chahine Ismail (2005), albeit we did not address the endogeneity in their 2SLS way, as we did not find any adequate exogenous instruments, did not discover as much endogeneity as they did, and as their methodology was flawed in this regard. We found evidence for the advisor choice framework we proposed. The acquirer first chooses its advisor, then approaches a target, and then the target chooses its advisor. We also found support for our hypothesis that more reputable advisors charge higher fees, although we were unable to find support for the hypothesis that more reputable acquirer advisors cause the target advisor to charge higher fees. Lastly we found support for the deal completion hypothesis, that is more expensive(and hence more reputable) target advisors lead to lower premiums. This is contrarian to our original hypothesis. The validity of the final regression is questionable due to endogeneity issues, unobserved heterogeneity and our limited sample size. Lastly if we were to further investigate we would mainly aim to get a much larger sample to address the unobserved heterogeneity issue, but we still lack exogenous variables to address the endogeneity. Bibliography: Bowers H, Miller R. Choice of Investment Banker and Shareholders Wealth of Firms Involved in Acquisitions.Ãâà Financial ManagementÃâà [serial online]. Winter 1990;19(4):34-44. Carter, R. and Manaster, S., 1990. Initial public offerings and underwriter reputation. Journal of Finance 45, pp. 1045-1067 Chahine S, Ismail A. Premium, Merger Fees and the Choice of Investment Banks: A Simultaneous Analysis.Ãâà Quarterly Review of Economics and FinanceÃâà [serial online]. May 2009;49(2):159-177. Diamond, P. and E. Maskin. 1979. An equilibrium analysis of search and breach of contract, I: Steady, States. Bell Journal of Economics , no. Spring: 282-311. Gaughan, P., 1996. Mergers, Acquisitions, and Corporate Restructurings. , Wiley, New York. Grossman, S. and O. Hart. 1980. Takeover bids, the Free-Rider problem and the theory of the corporation. Bell Journal of Economics , no. Spring: 42-64. Johnson, J. and Miller, R., 1988. Investment bank prestige a nd the underpricing of initial public offerings. Financial Management 17, pp. 19-29 Loughran, T., Vijh, A., 1997. Do long-term shareholders benefit from corporate acquisitions? Journal of Finance 52, 1765-1790. McLaughlin, R., 1990. Investment-banking contracts in tender offers: an empirical analysis. Journal of Financial Economics 28, pp. 209-232 McLaughlin, R., 1992. Does the form of compensation matter? Investment banker fee contracts in tender offers. Journal of Financial Economics 32, 223-260 Michel, A., Shaked, I. and Lee, Y.-T., 1991. An evaluation of investment banker acquisition advice: the shareholders perspective. Financial Management 20, pp. 40-49 Mortensen, D. 1982. Matching as a non-cooperative bargaining game. in The Economics of Information and Uncertainty, Edited by John J. McCall. Chicago: University of Chicago Press . Nanda, V. and Yun, Y., 1997. Reputation and financial intermediation: an empirical investigation of the impact of IPO mispri cing on underwriter market value Rau, P. (2000)Ãâà Ãâà Ãâà Investment bank market share, contingent fee payments, and the performance of acquiring firms. Journal of Financial Economics, 56,293-324Ãâ Rau, P. and Vermaelen, T., 1998. Glamour, value and the post-acquisition performance of acquiring firms. Journal of Financial Economics 49, pp. 223-253. Saunders, A., Srinivasan, A. InvestmentÃâà BankingÃâà RelationshipsÃâà andÃâà MergerÃâà Fees (October 2001). NYU Working Paper Servaes, H. and M. Zenner. 1996. The role of investment banks in acquisition. The Review of Financial Studies 9, no. Fall: 787-815. Sirri, E. and Tufano, P., 1998. Costly search and mutual fund flows. Journal of Finance 53, pp. 1589-1622 Travlos, N., 1987. Corporate takeover bids, methods of payment and bidding firms stock returns. Journal of Finance 42, pp. 943-963 Walter T, Yawson A, Yeung C. The Role of Investment Banks in MA Transactions: Fees a nd Services.Pacific-Basin Finance JournalÃâà [serial online]. September 2008;16(4):341-369.Ãâ Zingales, L. and Dyck, A. and (2004), Private Benefits of Control: An International Comparison. The Journal of Finance, 59:Ãâà 537-600. Data Source: ThomsonOne Banker Database Company reports
Sunday, May 17, 2020
Choose From IELTS Essay Samples to Help You With Your Own Essay
<h1>Choose From IELTS Essay Samples to Help You With Your Own Essay</h1><p>When you are searching for its exposition tests to assist you with your own article, there are bounty to look over. The decisions are interminable and you need to mull over a couple of things while picking which one to get. It is ideal to pick one that is anything but difficult to peruse and follow. Keep in mind, on the off chance that it is too hard to even consider understanding, at that point you won't have the option to focus on the significant pieces of the essay.</p><p></p><p>You should attempt to concentrate on what the paper ought to contain. The substance of the article must be written so that it is justifiable to an understudy. Ensure that the material is straightforward. This is significant in light of the fact that most tests understudies will make a special effort to make their articles straightforward. Therefore, you ought to consistently endeavor to abst ain from making it unreasonably entangled for them.</p><p></p><p>There are a wide range of ways to deal with browse, however they all should be straightforward. On the off chance that you can't make the paper straightforward, at that point you will be not able to give your understudies a fruitful evaluation. You additionally need to consider the amount it will cost you to have it expertly composed for you. In the event that you need to pay an expert author to compose your article for you, you have to ensure that you get the correct sort of exposition tests that will give you the outcomes you are after.</p><p></p><p>You can either discover an ielts coach to assist you with your ielts paper or you can likewise locate some pre-owned booklets that are viable. On the off chance that you will have an expert compose your article for you, you should peruse the example. Set aside effort to investigate the organizing. Does it look sufficiently p roficient? Do they unmistakably portray what they are composing about?</p><p></p><p>There are a wide range of courses that are offered to show its understudies how to compose an article. On the off chance that you need to locate the best materials to assist you with your own article, you have to inquire about which ones are the best. It is ideal to pick one that was composed by somebody who has past involvement recorded as a hard copy an ielts essay.</p><p></p><p>These experts have contemplated the particular parts of ielts and can give you extraordinary tips on the best way to set up a decent article. They can assist you with ensuring that you pick the suitable words and spellings. On the off chance that you are new cells understudy, it very well may be difficult to concoct great article material.</p><p></p><p>Most ielts coaches will do everything that they can to support you. You ought to have the option to di scover test assignments that will assist you with rehearsing and get you arranged for the genuine article. Ensure that you get two or three these out to use in class before you return and study.</p><p></p><p>You can discover a great deal of these online just as disconnected. Your decision of article composing exercises will assist you with composing the ideal exposition for you. Get the correct article tests with the goal that you can get the last item that you want.</p>
Essay Topics For the Help by Kathryn Stockett
<h1>Essay Topics For the Help by Kathryn Stockett</h1><p>To help you with your secondary school paper points for the assistance by Kathryn Stockett you ought to know about the tips. A portion of these tips are given for your thought in getting you out of the unpleasant fix of your learning procedure. Thus, it is suggested that you pick your secondary school article subjects for the assistance by Kathryn Stockett themes cautiously. The accompanying focuses will help you to settle on the correct theme and you can consider utilizing the remainder of the article for additional practice.</p><p></p><p>One of the fundamental reasons why secondary school understudies don't excel on their papers is on the grounds that they have not figured their contentions appropriately. They can't assemble their key contentions in an intelligent way. You need to think before you compose. On the off chance that you need to utilize the paper themes for the assistance by Kathryn Stockett you need to ensure that you compose an exposition with reliable. The primary concern of the article is to express your fundamental thoughts so you can persuade your peruser to concur with you.</p><p></p><p>You can support yourself on the off chance that you realize what to expound on so as to assist yourself with the exposition themes for the assistance by Kathryn Stockett. Be that as it may, it is significant that you are clear about what you are attempting to do. You ought to have the option to give models which demonstrate the focuses you are making. Ensure that you notice these models as cautiously as conceivable so as to make them persuading. All things considered, the expositions are the primary highlights of the assistance by Kathryn Stockett.</p><p></p><p>Try to abstain from utilizing a similar style of composing a lot in the papers. You need to make your considerations stick out. Attempt to make it fascinat ing, must be done when there is appropriate and right utilization of the article. On the off chance that you need to compose successfully and make your article as ground-breaking as could be expected under the circumstances, you need to guarantee that you follow these rules.</p><p></p><p>If you have been composing papers for any time allotment, at that point you most likely definitely realize the issues associated with exposition subjects that don't have clear definitions or legitimate principles. While it is anything but difficult to pull off this error, yet with regards to the assistance by Kathryn Stockett you have to guarantee that you can compose plainly and successfully. Your objectives for the paper ought to likewise incorporate something that is new or inventive and not repetitive.</p><p></p><p>Your article themes for the assistance by Kathryn Stockett ought to be clear and ought not contain numerous blunders. At the point when you utilize the assistance by Kathryn Stockett, you need to ensure that you have perused a great deal of how to articles about a similar theme. This will help you in framing thoughts. Additionally, it is a smart thought to request exhortation from others who have been there previously. They can bring up the slip-ups that you may have made and reveal to you the things that you have to avoid.</p><p></p><p>When you are searching for help with your exposition points for the assistance by Kathryn Stockett you ought to likewise consider having your paper perused by an expert proofreader. This is on the grounds that they will have the option to investigate your article and recognize the mix-ups you have made. In the event that you are not sure enough to be altering your own work, you can generally request a guide. This can be an extraordinary assistance in finishing the important altering work.</p><p></p><p>As you can see, the article subjec ts for the assistance by Kathryn Stockett will be troublesome on the off chance that you don't have what it takes for it. These tips will empower you to gain from them and improve your composing aptitudes. Great luck!</p>
Wednesday, May 13, 2020
Most Popular Research Paper Topics For Writing About Love
<h1>Most Popular Research Paper Topics For Writing About Love</h1><p>There are many love look into paper points that you can browse. You may have perused or heard somebody discussing it and you are interested about the exploration on it. The best way to know without a doubt is to feel free to discover what inquire about themes are best for you.</p><p></p><p>Before we get into the examination on affection explore paper subjects, allows first discussion about what love is. Love isn't something that ought to be misjudged or trifled with. It is something that should be respected.</p><p></p><p>Writing about adoration has a few particular characters. On the off chance that you are searching for a romance book or some sentiment fiction, you should compose something that is more genuine than what you are utilized to. In any case, on the off chance that you are composing a verse piece or simply composing something increasingly happy, it might be simpler for you to compose an intriguing story or something that will arouse your perusers' interest.</p><p></p><p>Here are some other famous love examine paper points that you can use in your works. These include:</p><p></p><p>One of the best things about expounding on affection is that you can look at yourself and skill to act and respond to circumstances. You would then be able to consider what you ought to do later on to ensure that you will have the option to spare your relationship.</p><p></p><p>The subsequent stage, after you do your examination is to accumulate all the data you can assemble for yourself. This implies you have to experience the separation and attempt to check whether there is whatever you fouled up, in the event that you accomplished something that you will lament later, or in the event that you will wind up with somebody else.</p><p></p><p>It wo uld be your last method of discovering what you did well and what you fouled up. You should enjoy a reprieve and choose if you need to deal with yourself better or on the off chance that you will consider you future after the break up.</p>
How to Write a Term Paper Using the Right Approach
<h1>How to Write a Term Paper Using the Right Approach</h1><p>Writing a research project is troublesome, yet it doesn't need to be on the off chance that you comprehend what you're doing. A research project is a composing task that you can without much of a stretch total and which can assist you with improving your grades.</p><p></p><p>First of all, you should compose a successful research paper. You have to compose the paper so that you can allude back to it later when you are done. It is significant that you incorporate all the material that is suitable for the subject of the paper. The task ought to likewise be plainly stated.</p><p></p><p>For model, if the paper is about the advantages of a specific practice or item then you ought to incorporate all the key purposes of the general terms that are being secured. The equivalent applies to various subjects that you study. That way, your assignment is made simpler in li ght of the fact that you don't need to stress over overlooking any of the information.</p><p></p><p>But since you don't stress over that you have to ensure that you are going over the material with the correct methodology. Ensure that you make your exploration well, use however many models as could be expected under the circumstances and abstain from speculating too much.</p><p></p><p>After you get done with composing, you have to sum up everything so you can make a diagram. This chart ought to be plainly introduced so you can demonstrate your point. The greater part of the occasions, it is difficult to return and check your work, however you shouldn't stress in light of the fact that your manager will have the option to take a gander at the chart before he peruses it.</p><p></p><p>Another thing to recollect is that you have to have an away from of the ideas you are covering. Recall that you are composing a rese arch paper, not a thesis, so you don't have to go for long. Simply ensure that you do all the vital information without including any unessential material.</p><p></p><p>Just ensure that you don't avoid any material in research project composing. Else, you will wind up in a difficult situation as you would on the off chance that you composed a dissertate.</p>
Tuesday, May 12, 2020
Effective Research Essay Sample - Using Free Essay Samples For YourResearch Essay
Effective Research Essay Sample - Using Free Essay Samples For YourResearch EssayEffective research requires a number of powerful resources and an effective research essay sample is one of those resources. An effective research essay sample will emphasize the author's expertise, professional background, personal experience, and preferred method of communicating to the reader. While the examples used are often free or for a small fee, you can get several different examples that will help to keep your style consistent. This is essential because you cannot make an accurate evaluation of your own research without being able to write and deliver it the same way each time.Your ability to articulate the research in an effective manner will be greatly aided by the essay samples that you use. The results are clear. You will come across as engaging, but not arrogant, or overly formal. With the numerous free sample essays available you can do something similar for yourself. But how do you selec t the best ones?One important factor is that they should include content, yet not be laden with too much information. The writer should be able to break the essay down and lay out specific points easily and without confusion. These points should be coherent and free from extraneous subject matter. Even if you are not selecting a topic for your essay, the essay samples are an excellent place to begin because the selection process for the right ones can take some time. Take your time, and you will find that it is well worth the time.When you examine the materials and find that they do not offer the topic you are writing about, it is not always your fault. Sometimes the writing samples are so specialized that they have been written for someone else by someone else. It is not your job to correct them, but in some cases you can assist the writer by correcting their format and modifying it so that it fits the particular topic of your essay.Writingessay samples can also help the writer to remember what the important parts of their essay are. Often, when you read the first couple of lines of an essay sample you are immediately lost because it does not give enough time to tell a story. The second line can become very boring if there is no flow in the story line. The way to maintain that flow is to only repeat the most essential material from the introduction to the conclusion.When you begin researching the essay samples that are available, make sure that you keep certain things in mind. For example, if you are writing a research paper on topics that are extremely popular or widely discussed you might want to choose an essay sample that addresses those topics from different perspectives. It can be helpful to research several different topics and see which one gives you the best opportunity to communicate your points clearly. In this way you can capture the essence of each of the essays that you are reading.Many of the authors who are writing these samples do not necessa rily hold the same point of view as you do, so it is in your best interest to listen to what they say and read between the lines. They are not always going to tell you what they really think, and sometimes they will simply offer their opinion as a professional. You must take this in stride and learn to speak their language and understand that this is just how they communicate their thoughts.The free essay samples can be a valuable tool in your research for your essay. However, before you try to interpret their ideas, it is best to at least read the opening and the conclusion. With the introduction and the conclusion you can get a feel for how to write the rest of the document. By using the essay samples to help you learn how to write your own essay you will discover that the resources that you are using are a valuable resource in making sure that you create the most informative and compelling piece of writing possible.
Sunday, May 10, 2020
Spanish Research Paper Topics
<h1>Spanish Research Paper Topics</h1><p>Spanish inquire about paper points are not unchangeable, you can unquestionably roll out numerous improvements. It is simply up to you how much breathing space you are eager to give yourself when researching.</p><p></p><p>Just as you did when composing an examination paper, in the event that you know your theme in Spanish, at that point you ought to record it in that language. You can begin with the most widely recognized and fundamental Spanish subject (for instance, a restroom) and go from that point. Continuously decipher whatever is just a sentence or two, this will make the interpretation procedure easier.</p><p></p><p>When choosing Spanish research paper points, it is ideal to pick subjects that intrigue you. On the off chance that you like to travel, at that point you should expound on it on your paper. On the off chance that you have a leisure activity that you appreciat e doing, at that point you should expound on it too.</p><p></p><p>As a model, suppose that you have an enthusiasm for voyaging and on your Spanish research paper subjects show you have chosen 'clients, Iberian nations, and culture'. For this situation, you could make an interpretation of 'travel' into Spanish and afterward look into what this implies in the nation you are visiting. You could likewise utilize Google decipher, this will make the interpretation procedure simpler. It will give you results dependent on the data you enter.</p><p></p><p>You can likewise locate an online interpreter who will help you in your Spanish research paper points. There are various organizations offering these administrations, yet it is imperative to look into these administrations before you focus on anything. It is ideal to make an inquiry or two to ensure you locate the best help for your needs.</p><p></p><p>When utilizing Go ogle decipher, ensure you check the spelling of the words you're interpreting so your Spanish research paper points sound common and you don't irritate anybody with a terrible interpretation. One tip is to consistently pick an alternate word from the word you decipher and supplant it with another word that is an equivalent of the first word.</p><p></p><p>When making your Spanish research paper subjects, you will need to be as explicit as could reasonably be expected. This can take some time, however with training you will rapidly find that try to write in your objective language and afterward decipher that language.</p><p></p><p>As with all exploration papers, the more detail you give, the better your Spanish research paper subjects will sound. For whatever length of time that you invest the energy to investigate the subject you are expounding on, at that point you ought to be fine.</p>
A Brief Introduction to Global Perspective Essay Topics
<h1>A Brief Introduction to Global Perspective Essay Topics</h1><p>The worldwide point of view article themes assist understudies with seeing the world from an alternate perspective. These are articles that request a top to bottom information on a few subjects with the goal that the understudy can draw on the things he/she knows to shape a decent argument.</p><p></p><p>Global viewpoint paper themes for the most part originate from the six points that structure a viewpoint and from the composing aptitudes that are utilized to give a contention. The exposition for the most part utilizes this point of view to investigate with different perspectives. A few instances of viewpoints that are shrouded in Global Perspectives are: available, present-day, past, future, contemporary and historical.</p><p></p><p>Present and contemporary points of view are generally written in a few distinct styles, for example, clear or fair-minded . The instances of each style are incorporated to make it simple for the understudy to comprehend what the paper is about. This permits the understudy to peruse a general review of the point without agonizing over all the particular details.</p><p></p><p>Many understudies don't peruse unbiasedly in these sorts of articles. In any case, doing so will add to the believability of the paper. So as to exhibit to the peruser that they are settling on a contemplated choice dependent on data that is genuinely exact, the author must present proof as realities. One approach to do this is to use the goal method.</p><p></p><p>The target strategy utilizes quantitative information to demonstrate the point and negate the restricting perspective. For instance, if the essayist contends that the United States doesn't have an elevated expectation of living, the author should refer to figures to show how much cash they should make. At the point when the w riter presents figures that don't bode well or are just distorted, the peruser ought to have the option to distinguish the issue. What's more, an understudy should refer to any past data they may need to help their argument.</p><p></p><p>Essays that emphasis on history will consistently refer to the realities to help the contention. The author should utilize target language, for example, 'The United States had an elevated expectation of living preceding World War II' to help his contention that the United States should turn into a communist country. At the point when an author decides to discuss recent developments, the essayist should deliver the realities to back up their points.</p><p></p><p>Past and future viewpoints will cover data that has just happened, however the present-day viewpoint tends to the present circumstance. Since this kind of exposition tends to recent developments, the author should introduce different perspective s that influence recent developments. The crowd should realize that the author has realities to back up their points.</p><p></p><p>All of the paper themes above have truthful data that underpins the data. It is significant for understudies to incorporate these to kick them off in good shape. As they travel through the course, they ought to allude to the articles they peruse and realize what data is expected to finish their last essay.</p>
Friday, May 8, 2020
Essay Topic Ideas For Humanism Essay Topics
Essay Topic Ideas For Humanism Essay TopicsThere are many Humanism essay topics available to students at a variety of academic levels. There is an essay writing assignment at all levels.The essay should be centered around the student's level of understanding, their objective, and their opinions. It should be written to pass the board and not just be a collection of facts. The essay should address the specific issues in order to prove to the students that Humanism is not a religion.The specific historical figures are important to include since they represent many different theories of religion. The history of religions can be confusing, but the history of Humanism can be very easy. It is easy because it has the same history as any other religion, although there is no need for miracles to be involved. No one needs to believe in miracles.Humanism can be different from Atheism or Traditional Christianity. This is because Humanism has many problems with organized religion, such as many of its most important tenets. It has been said that the origin of organized religion came from the authority of a king. The church, for instance, did not start out with the belief that Jesus was a savior.All good essays require many thoughts and facts. Essays can be very general by stating the fact that Humanism is just another religion, however they can also be very specific by addressing specific topics that relate to Humanism. Humanism is a religion without gods. There are many misconceptions about Humanism, and many religious groups do not recognize this fact. They will not accept Humanism as being just another religion because it is not theirs.The essay should begin by establishing a place for it to be based in so that it can be more organized, yet it can still have its specific goals. The essay will always begin with the introduction. This is followed by a definition of the essay topics, then by introducing the person giving the essay. This essay is meant to bring down the barri ers between the student and the material presented in the essay, making the essay more readable and understandable.The essay must contain basic requirements for any essay. The essay must have an introduction, conclusion, summary, and various directions to take in order to answer the questions in the essay. These directions will allow the student to investigate further information to prove their claims. The student should ask questions and not presume that the essay will be answered automatically.The different Humanism essay topics should not be too detailed, because the focus is on Humanism and how it relates to religion. It should also show that Humanism does not require miracles to be successful. A student should still be willing to consider different approaches to making the world a better place, especially when Humanism is a part of that approach.
Help With Writing Paper For Teachers and Editors
Help With Writing Paper For Teachers and EditorsHow do you help with writing paper? Whether you are a student or a professional, a writer or a proofreader, a teacher or a university, help with writing paper is required every now and then. Sometimes it is difficult to determine when the time for writing paper is.The first thing to do is to assess the problem you are facing as a teacher or a student. If you are a teacher, you should know that you are expected to write a certain number of papers every semester. It is your responsibility to prepare and present such papers in a manner that will help the students pass the exams. If you are a student, you have to make sure that you are prepared to meet the deadlines set by the professors in the course.Nowadays, help with writing paper is in demand. There are lots of people who want to become teachers. However, there are also a lot of teachers who want to become writers and editors. With the rise in popularity of teaching and the job outlook for teachers being low, a number of these people who wish to become teachers are making it their mission to become an editor. These people who are teachers or editors can benefit from help with writing paper.When you can help with writing paper, there is no limit to what you can do. You can write articles, presentations, white papers, presentations, conference proposals, and countless other materials. It is important that you are well-versed in the field of your choice so that you can get something done and get it done in a speedy manner.However, it is important that you keep in mind that not all the people who seek help with writing paper are willing to do aid work. Some want to be a teacher and they are still not convinced that they are able to produce results. This is why it is important that you know what you want before you take on the task.As a teacher, you have to focus on different things. You should keep the students interested in the course and be able to give them a sens e of achievement. You have to help them learn about the field and help them understand the significance of doing research. You have to help them do research in a manner that will interest them.In the same way, you can help yourself with writing paper. You should get a firm grasp of the area of your specialization and get some information about it. You should be aware of the different steps you need to follow in order to do this. You can apply to help with writing paper to both your career and your education.
Wednesday, May 6, 2020
Agency Evaluation Care Matters Llc - 1161 Words
Agency Evaluation Care Matters LLC does not have an overall feedback loop with which it gathers information regarding efficacy. Most of the clients the agency works with are motor vehicle accident survivors who need extensive medical treatment. They are entitled by Michigan No Fault Insurance to a case manager to assist them with coordinating their medical care (Sinas, 2011). The case managers work with many different doctors, insurance companies, and claims adjusters. As such, most of their feedback takes place within outside arenas. However, Care Matters does provide interns with a feedback loop. Ms. Wendy Hooker, the field advisor, is extremely involved with the students she oversees. The interns would meet with clients and write aâ⬠¦show more contentâ⬠¦The workers, from both agencies, shared strategies, feedback, and resources that could be utilized to help the Baker family. While Care Matters program evaluation is informal, APS has a much more formal evaluation process. According to Article IV, Section 53 of the Michigan Constitution (Ringler, 2014), The auditor general shall conduct post audits of financial transactions and accounts of the state and of all branches, departments, offices, boards, commissions, agencies, authorities and institutions of the state established by this constitution or by law, and performance post audits thereof (p. 2). The feedback loop for APS begins with The Office of the Auditor General. They begin an audit of the efficacy of the program and subsequently release a detailed report of their findings complete with recommendations for improvement. The Department of Human services then must develop a plan to comply with the recommendations given and submit the plan for review to the State Budget Office. The Office of Internal Audit Services must accept or reject the plan within 30 days. If the plan is rejected, steps are taken to finalize a new plan. Finally, APS is audited again to determine if they have complied with th e plan for improvement (Ringler, 2014). Appropriate Methodology The initial plan for intervention was to speak with Mrs. Baker and formulate a plan of change. By doing so, the social workers were adhering to the NASW code of
Mcdonalds vs Burger King free essay sample
For years, McDonalds and Burger King (8K) have been the worlds two largest and most successful fast food chains. Both have battled out all these years over their operational differences which form the core of their corporate culture. The Doing It All For You (McDonalds) vs. Having It Your Way (BKs) stems from their respective production methods. McDonalds Made to Stock vs. BKS Made to Order also originate from the differences in their respective processes. Exhibits 1 and 2 show the Process Flow Diagrams (PFDs) of McDonalds and BK respectively. Exhibit 3 rovides a detailed comparative analysis of the PFDs of these two fast food chains. The main operational difference between McDonalds and BK is that McDonalds cooks their hamburgers on grills using a batch process (a batch of upto 12 patties/ grill) with human intervention to turn, sear, and pull. BK uses the machine based Continuous Chain Broiler assembly process (8 burgers/meat chain) for the production of their burgers similar to an assembly line in a manufacturing process thus, requiring no human intervention. The corporations revenues come from the rent, royalties and fees paid by the franchisees, as well as sales in company-operated restaurants. McDonalds revenues grew 27 percent over the three years ending in 2007 to $22. 8 billion, and 9 percent growth in operating income to $3. 9 billion. McDonaldââ¬â¢s primarily sells hamburgers, cheeseburgers, chicken, french fries, breakfast items, soft drinks, shakes and desserts. In response to changing consumer tastes, the company has expanded its menu to include salads, wraps, smoothies and fruit. Another fast food chain is Burger King. The company began in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain. After Insta-Burger King ran into financial difficulties in 1955, its two Miami-based franchisees, David Edgerton and James McLamore, purchased the company and renamed it Burger King. Over the next half century the company would change hands four times, with its third set of owners, a partnership of TPG Capital, Bain Capital, and Goldman Sachs Capital Partners, taking it public in 2002. In late 2010 3G Capital of Brazil acquired a majority stake in BK in a deal valued at $3. 26 billion (USD). The new owners promptly initiated a restructuring of the company to reverse its fortunes. At the end of fiscal year 2011, Burger King reported it had more than 12,400 outlets in 73 countries; of these, 66 percent are in the United States and 90 percent are privately owned and operated. BK has historically used several variations of franchising to expand its operations. The manner in which the ompany licenses its franchisees varies depending on the region, with some regional franchises, known as master franchises, responsible for selling franchise sub-licenses on the companys behalf. Burger Kings relationship with its franchises has not always been harmonious. Like McDonalds, Burger King sells hamburgers, chicken, french fries, soft drinks, milkshakes, salads, desserts and breakfast. McDonalds amazing taste, reasonable prices and great customer service makes it a stronger and more successful company than Burger King. McDonalds have a variety of foods which are all very delicious but the one item that stands out is their fries. The taste of McDonalds french fries played a crucial role in the chains success, fries are much more profitable than hamburgers, and was long praised by customers, competitors, and even food critics. James Beard loved McDonalds fries. Their distinctive taste does not stem from the kind of potatoes that McDonalds buys, the technology that processes them, or the restaurant equipment that fries them: other chains use Russet Burbanks, buy their french fries from the same large processing companies, and have similar fryers in their restaurant kitchens. The taste of a french fry is largely determined by the cooking oil. For decades McDonalds cooked its french fries in a mixture of about seven percent cottonseed oil and 93 percent beef tallow. The mixture gave the fries their unique flavor, they are not too salty, greasy or saggy, and they are just right and highly favored. In the Article ââ¬Å"Best Tasting Fries, Aaron Francis explained that ââ¬Å"McDonaldââ¬â¢s fries are the best tasting fries that he has tasted in a long timeâ⬠(9). On the other hand Burger Kings food taste horrible, the fries is salty and saggy, the burgers are huge and sloppy with a lot of calories which is unhealthy. In the Article ââ¬Å"Horrible Fast Food, Edwin Michaels explained that ââ¬Å"Burger Kings food is atrociousâ⬠(4). So it is very obvious that McDonalds is the best of the two. In this economy it is very important for people to spend their hard working money on food with reasonable prices. McDonalds is one of the most reasonable priced fast food restaurants in the nation. It is quite affordable and has many different food items to choose from. The food that is sold for the price of a dollar on their famous dollar menu is amazing. In the Article ââ¬Å"Hard Times, Randy Baldwin explains that ââ¬Å"McDonalds is a life saver when it comes to prices on their menusâ⬠(7). Burger King However has larger prices for many of the same items so no wonder people prefer McDonaldââ¬â¢s more. The burgers on their menus are very expensive and the average meal ranges from $5 and up while McDonald ranges from $3 and up. In the Article ââ¬Å"Expenses, Michelle Gillis explains that ââ¬Å"She will no longer purchase from Burger King because their prices are too highâ⬠(2). Different people from all walks of life has different types of price ranges so it depends on someoneââ¬â¢s assets what they think is reasonable or not. Customer service is not optional in todays businesses. Its crucial to creating customer loyalty and retention. Customer service is the service or care that a consumer receives before, during and after a purchase. Its one of the factors that come in to play when a consumer is determining buying value, the other is the quality of the product or service that is being offered. When it comes to customer service McDonalds is great because they know how to treat customers with the utmost respect, they always seems to have a smile on their faces and if anything goes wrong they tend to take care of it in the graceful manner possible. Their customer service is excellent. In the Article Great Customer Service, Jack Allen explains: McDonaldââ¬â¢s customer service is great, they know how to treat the customers in the proper way, from the way they greet and address people with manners and kindness. They make sure a proper environment is provided for individual to have a meal and the way the talk to people is just amazing how much manner they have. They present themselves in a very neat and clean way with uniforms for their specific jobs, which is very attractive. (6) however, burger kingââ¬â¢s customer service sucks in terms of how they approach an individual, speak with someone and the wait there to actually get something to eat. There employees are not very kind and caring and they also dress sloppy as said In the Article ââ¬Å"Bad Employees, Alfred Johnson explains that ââ¬Å"Burger King has the worse customer serviceâ⬠(3). Burger King need to teach better customer service. It is very obvious that McDonalds is the better of the two in every way possible. The way that the cooperation is managed due to the fact that they have not changed ownership as many times as Burger King has. Their business blueprint has served as a model for many other franchises both in and out of the fast food industry. McDonalds is able to attain a high level of standard that is guaranteed at chains throughout the globe and the other hand Burger King at the lowest of the fast food chain. What I find amazing about McDonalds their standard is attain while offering a wider variety of food item on the menu as compared to Burger King. McDonalds is able to accomplish all of this while keeping competitive in a slow economy and retain their status as the top fast food chain. The sheer volume of sales, chains, and numbers of countries they are in, serves as proof that I am not the only one that share this opinion.
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