The University of Buckingham Press Journals
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DOES THE CAPITAL ASSET PRICING MODEL REALLY WORK?
No full textIn this paper, we calculated the average daily return and the Betas of Israeli stocks for the period April 1st 2009 – April 1st 2010. The correlation coefficient between return and Beta is 0.47. Although we find that the econometric relation between return and Beta is statistically significant, it seems that higher Beta in many cases does not represent higher expected return
FINANCIAL BINARY BETTING, STYLES, VALUATIONS AND DEDUCTIONS FROM DATA
No full textA relatively new form of financial spread betting, the binary bet, has become popular. Part of the popularity of this style of bet, from the gambler’s point of view, is undoubtedly due to the simplicity and transparency of the contracts. The fact that these bets are free at the time they are taken is an added inducement. For the bet provider, as long as the correct buy and sell levels are maintained during the betting period and the betting frequency on any contract is high, it is again relatively simple to ensure a known income from the operation.Binary spread bets are examples of financial derivatives and the standard methods used in that field can be used to deduce the parameters that should apply. This gives useful information to the gamblers in telling them how much they are paying for the bet. Watching how the quotes are moving in time can also inform how the gambling community is behaving and what the average view of the outcome is.A variety of types of binary bets are valued and in many cases it is possible to derive analytic formulas. These can be applied to time series data that are acquired from quotes and used to deduce information about the bets held by a provider and the market expectations of the community
Patchett and another v Swimming Pool & Allied Trades Association Ltd [2009] EWCA Civ 717
Get PDFSURVIVING A FALL INTO THE DEEP ENDIn spite of the vast increase in contracts entered into over the internet, there are still very few appellant level cases concerning this process. It was therefore of great interest when the Court of Appeal gave its decision in Patchett and another v Swimming Pool & Allied Trades Association Ltd [2009] EWCA Civ 717
LANGUAGE PERFORMANCE AND MATHEMATICS/SCIENCE PERFORMANCE: A CORRELATIONAL CASE STUDY OF JHS STUDENTS IN SEKONDI/TAKORADI AND SHAMA DISTRICTS
Get PDFThis paper is a correlational study aimed at finding out the relationship between language (English and Fante - a Ghanaian language) performance and mathematics and science performances. The main hypothesis tested in the study was whether there is a positive correlation between performance in language (English and Fante) and mathematics and science and whether it is significant or not. The data used for the study involved Basic Education Certificate Examination results of 740 Junior High School students from 10 schools in two district; Shama and Sekondi-Takoradi. The statistical tool used in testing the hypotheses was the Spearman Correlation (t-test) of the SPSS (a statistical package for social sciences). The study identified that there was strong positive correlation between language (Ghanaian language - Fante and English) performance and that of mathematics and science. The correlation between Ghanaian language and mathematics (r = 0.803) and between Ghanaian language and science (r = 0.809), and the correlation between English and mathematics (r = 0.850) and the correlation between English and science (r = 0.873) (a = .05) were found
ACQUISITION OF THE INFLECTIONAL MORPHOLOGY OF ENGLISH AS A FOREIGN LANGUAGE: AN ERROR ANALYSIS APPROACH
Get PDFThis paper aims to identify errors committed by Arab learners of English as a foreign language in the area of inflectional morphology. Errors are classified according to their type in comparison with what seems to be correct in the target language. In order to pinpoint the areas of difficulty and find what makes these areas difficult, the researcher classified errors with reference to their sources into intralingual, interlingual, ambiguous and other errors. The paper also aims at finding possible solutions for the difficulties learners encounter when learning a foreign language in general and English language in particular in a way that would help teachers overcome such difficulties when teaching English to Arab students. It concludes that learners’ mother tongue plays a minor role as the interlingual errors constitute less than 25% of the total number of learner errors; whereas, other factors such as overgeneralization and learning strategies play a major role in learning a foreign language as far as this sample is concerned.
"We have a law …": The Trials of Jesus of Nazareth
Get PDF"We have a law …": The Trials of Jesus of Nazaret
OF ADVOCATES, DRUNKS AND OTHER PLAYERS: PLAIN TALES FROM AUSTRALIA
Get PDFWhen I retired from judicial office after 34 years service (13 of them as a Justice of the High Court of Australia), I was richly rewarded for my labours by the practising Bar. Here in England, Inner Temple did me the honour of electing me a Bencher. I was proud to follow Peter Taylor to that office. In Australia, the Australian Bar Association, the Law Council of Australia and the governing body of my home Bar, the New South Wales Bar Association, conferred on me honorary life memberships. I say this not to boast but to illustrate the forgiving qualities of barristers for the assaults that judges inflict on them during service in the courts
THE SINGAPORE CONSTITUTION AND ITS CRITICS
Get PDFThe latest book about governance in Singapore takes a different tack from recent works in the area; Professor Ho Khai Leong’s The Politics of Policy-Making in Singapore and, more recently, Professor Mauzy’s and Professor Milne’s impressive Singapore Politics under the People’s Action Party. Even should the scholars themselves have rather different views, these latter scholarly works describe the workings of Government in Singapore through a keen and informed engagement with Singapore’s current policies and institutional aspirations. Despite claiming close knowledge of the inner workings of Government
TERRORISM, PROSCRIPTION AND THE RIGHT TO RESIST IN THE AGE OF CONFLICT
Get PDFThis paper focuses on the international community’s response to the increased perceived threat of terrorism since 9/11 and how the so-called “war on terror” has affected our understanding of what constitutes terrorism. It briefly details some of the major legislative changes that have been enacted and examines the impact of counter-terror strategies on certain unresolved legal issues that have historically dogged the international community’s efforts to arrive at an internationally agreed definition of terror. This includes the relationship between terrorism and the right to self-determination, the emerging right to democracy, and the existence of a license to use force as a last resort against an oppressive regime. The paper explores how the failure to resolve the relationship between these international legal principles has seriously undermined the efficacy of certain proscription regimes adopted around the world. It examines whether proscription regimes are in danger of disproportionately interfering with certain fundamental freedoms thereby reducing the scope for conflict resolution between aggrieved parties engaged in violence around the world.
MORE PROTECTION FOR VICTIMS OF DOMESTIC VIOLENCE? (THE DOMESTIC VIOLENCE, CRIME AND VICTIMS ACT 2004)
Get PDF In 2004, the government introduced the Domestic Violence, Crime and Victims Act (DVCVA). Baroness Scotland, in opening the Bill’s second reading in the House of Lords, said: “The Bill represents the most radical overhaul of domestic violence legislation in 30 years. It reflects the fact that domestic violence is unacceptable, that victims must be protected and offenders punished.”In broad terms, protection for victims is provided by introducing amendments to existing civil and criminal offences including extending police powers in making, both common assault and a breach of a non-molestation order, arrestable offences (section 10 and section 1); offering protection to a wider range of persons by including same-sex couples in the meaning of “cohabitants" (by amending Part 4 Family Law Act (FLA) 1996); including in the definition of “associated persons” same-sex couples (by amending Part 4 FLA), and perhaps of the greatest significance creating an entirely new homicide offence of “causing or allowing the death of a child or vulnerable adult” (section 5). There are several provisions intended to empower victims of domestic violence by allowing them a greater participation in the justice process, including the right to make representation in court (sections 35-46) and by providing additional support in the form of a Victim’s Code, although the remit of this code of practice is still yet to be determined (section 32). Finally, there is also a provision, which establishes independent investigations of domestic homicides termed “domestic homicide reviews” (section 9). This commentary considers to what extent the new legislation will assist in the protection of victims of domestic violence