2 Background • Development of investment portfolio theory • TPT, MPT and PMPT (Lekovic, 2021) • Modern Portfolio Theory (Markowitz, 1952) • Rational investor • Multiple Assets • Overall risk • The
Investor • “...the 2013 Nobel Prize committee split the prize between the two camps [of rational, risk-based, efficient markets versus behavioral, irrational, and inefficient markets]” – Asness et al. (2015
of voluntary information disclosure via social media, firms would be facing incentives to only release positive news…but do they? • Trueman (1997) proposes a model showing that rational managers also
skill, care and diligence; (3) management and control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4
diligence; 2 (3) management and control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4) financial
control An intermediary shall take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems; (4) financial prudence An intermediary shall
) Reasonableness of transaction The lease of buildings to SSE for use in its service provision is a reasonable transaction . This is because KYE has hired SSE to provide it with this service and the results is that
reasonable to hire the subsidiary of Mitsubishi Electric Corporation to make for KYE 2. When considering the return from the investment, it is able to reduce the quality problems and production costs with ROI
government. The independent financial advisor (IFA) viewed that the proposed transaction is not reasonable and the purchase price is higher than the fair value.APU is undertaking a temporary 6-20 MW power