... by a further extension ofthe present theory, by the framework ofthe agency theory and thetheoryof asymmetric information The question goes into the heart ofthe present theory, into the paradigm ... paradigm ofthe agency theory and the transaction costs theory as a theoryof economic organization rather than as a theoryof entrepreneurship A separate line of thinking in thetheoryofthe firm ... practical and a theoretical point of view Thetheory is impressive by the multitude of applications in the financial world ofthe agency theory and thetheoryof asymmetric information, of adverse...
... k e ) PO = the current priceofthe stock DIV1 = the dividend paid at the end of year ke = the required return on investment in equity P1 = the sale priceofthe stock at the end ofthe first ... Pt + C Pt R = the rate of return on the security Pt+1 = priceofthe security at time t+1, the end ofthe holding period Pt = priceofthe security at time t, the beginning ofthe holding period ... ratio times the expected earnings is the firm’s stock price (P/E) x E = P How the Market Sets Stock Prices I • Theprice is set by the buyer willing to pay the highest price • The market price will...
... System, The Miracle of Creation in Plants, The Miracle in the Atom, The Miracle in the Honeybee, The Miracle of Seed, The Miracle of Hormone, The Miracle ofthe Termite, The Miracle ofthe Human ... Struggle ofthe Messengers, The Avowed Enemy of Man: Satan, The Greatest Slander: Idolatry, The Religion ofthe Ignorant, The Arrogance of Satan, Prayer in the Qur'an, TheTheoryof Evolution, The ... Ignorance, The Green Miracle: Photosynthesis, The Miracle in the Cell, The Miracle in the Eye, The Miracle in the Spider, The Miracle in the Gnat, The Miracle in the Ant, The Miracle ofthe Immune...
... more frequently than theoryof evolution” in the scientific literature Why does the phrase theoryof evolution” appear nearly 16 times as frequently as theoryof ecology” in the scientific literature ... eschew the phrase thetheoryof evolution.” Granted, evolution is a theoretically more cohesive field than ecology: Genes, the fundamental units of evolution, are uniquely defined in terms of their ... Thus no unifying theoryof everything” lies just beyond the horizon of evolutionary theory By removing thetheoryof evolution” from our lexicon, we ultimately ensure that the lay public is not...
... THE CONCEPT OFTHE VALUE OF MONEY Subjective and Objective Factors in theTheoryofthe Value of Money The Objective Exchange-Value of Money The Problems Involved in theTheoryofthe Value of ... to the more abstract parts ofthetheoryofthe value of money Professor von Mises shares with Marshall and one or two others the merit of having assimilated the treatment of this theory to the ... POLICY THE MONETARY POLICY OF ETATISM The Monetary Theoryof Etatism National Prestige and the Rate of Exchange The Regulation of Prices by Authoritative Decree The Balance -of- Payments Theory...
... researchers publish with commercial presses These books are not available from RAND but can be requested directly from the publisher, except in cases where the rights have reverted to RAND and we...
... called “clumps” and these clusters were called “B-clumps.” APPLICATIONS OFTHETHEORYOF CLUMPS ing, not for the absence of 0's in the top left section, but for the absence of 1's in the top right ... some way Instead of taking all the clusters generated by the keywords concerned, APPLICATIONS OFTHETHEORYOF CLUMPS we could try taking the intersection ofthe sets generated by the keywords, ... choice ofthe pieces we take out ofthe existing classifications, but the use that we are going to make of them is such that the particular details are not important, and so the problem of whether...
... is to prevail.[21] The effect ofthe adoption by the Supreme Court ofthe United States ofthe New York theoryofthe Police Power was to vest in the judiciary, by the use of this catch-word, ... nations, the regulation ofthe currency is one ofthe most jealously guarded ofthe prerogatives of sovereignty, because all values hinge upon the relation which the volume ofthe currency bears to the ... "And the men ofthe city went out and fought with Joab; and there fell some ofthe people ofthe servants of David; and Uriah the Hittite died also But the thing that David had done displeased the...
... has forgotten the questions Thetheoryofthe business becomes “culture.” But culture is no substitute for discipline, and thetheoryofthe business is a discipline Thetheoryofthe business ... questioned their customers constantly, studied them, surveyed them But they paid no attention to the 70% ofthe market who were not their customers They saw no reason why they should Their theoryofthe ... company gets paid for They are what I call a company’s theoryofthe business Every organization, whether a business or not, has a theoryofthe business Indeed, a valid theory that is clear,...
... immediately to the output of goods as its source of gain, but to the alterations ofTheTheoryof Business Enterprise 14 TheTheoryof Business Enterprise values involved in disturbances ofthe balance, ... proportioned to the length of time involved TheTheoryof Business Enterprise 38 TheTheoryof Business Enterprise This follows from the peculiar nature ofthe work which these great captains of industry ... "natural" scheme of things, in which all things should work together for the welfare of mankind The theory, or what there is in the way of a theory, of business capital in the received body of doctrines...
... made the wealth of these countries available for the development ofthe rest ofthe world The savings ofthe few advanced capitalistic countries of a small part of Europe have called into being the ... departure from the old legal gold parity ofthe currency unit and, above all, a reduction ofthe burden ofthe debtor at the cost ofthe creditor, even though the principal aim ofthe measures ... credit), then the settlement ofthe bargain, or the fulfillment ofthe seller's part of it (which need not be the same thing), has no obvious connection with the fulfillment ofthe buyer's part The...
... mistaken for either the one or the other ofthe two former The hurried recitation ofthe chant, the rhythmical progression ofthe hymntune, and the varied configurations ofthe anthem all indicate ... the second phrase in a different order The result of this rearrangement ofthe figures is to change the effect THETHEORYOF MUSIC i8 and the purpose ofthe two phrases The melodies of each these ... explores the legendary seas ofthe silent North, another basks in the sunny South; but they all the fantastic and the somber, the tragic and the gay fashion their works on some model of form CHAPTER...
... 0-470-84576-7 (Electronic) Part One THEORY A unified treatment ofthetheoryof Raman scattering by molecules The Raman Effect: A Unified Treatment oftheTheoryof Raman Scattering by Molecules ... The scattered intensity is proportional (a) to the square ofthe number of scattering molecules and (b) to the square ofthe irradiance ofthe incident radiation at ω1 and to the irradiance of ... from the use merely of reference numbers in the text More complete lists of publications are provided in the section entitled Further Reading, located at the end ofthe book The writing of this...
... all ´ the work done in the field of mechanics since the time of Newton and is notable for its use ofthetheoryof differential equations In it he transformed mechanics into a branch of mathematical ... = for all x in [a; b], then G(x) remains constant there The Riemann Integral Theorems I, II and III form the Fundamental Theorem of Calculus The proof depends on the then remarkable results ... taught in the Lycee ´ ´ at Nancy from 1899 to 1902 Building on the work of others, including that ofthe French mathematicians Emile Borel and Camille Jordan, Lebesgue formulated thetheoryof measure...
... fraction ofthe human race As good an instance of this phase of culture as may be had is afforded by the tribes ofthe Andamans, or by the Todas ofthe Nilgiri Hills The scheme of life of these ... ofthe owner with the other members ofthe group Property is still ofthe nature of trophy, but, with the cultural advance, it becomes more and more a trophy of successes scored in the game of ... person of their master The exemption comes more tardily the remoter the relation in which the servant stands to the person ofthe master If the pecuniary situation ofthe master permits it, the...
... that Mathematics is the Queen ofthe Sciences and theTheoryof Numbers is the Queen of Mathematics Moreover, in the introduction to Eisenstein's Mathematische Abhondlungen, Gauss wrote 'The Higher ... for the first time their famous 'circle method' The work depends on the identity where r(n) denotes the number of representations of n in the Further reading A careful account ofthetheoryof ... few ofthe basic techniques ofthe theory, we give now a short proof ofthe transcendence of e; the argument 55 can be extended quite easily to furnish the transcendence of n and indeed the general...
... primes n not exceeding n; the number of distinct primes factors of n; the number of prime power factors of n; the number of divisors of n; d the sum ofthe divisors of n p≤n ω(n) = p|n Ω(n) = ... immediately the following theorems: The number of partitions of n into m parts is equal to the number of partitions on n into parts the largest of which is m; The number of partitions of n into ... number theory that are unsolved I shall mention many of these problems; but the trouble with the natural problems of number theory is that they are either too easy or much too difficult I shall therefore...