relate to Personal and Consumer Finance? Social and Behavioral Science is the study of the society and people’s behaviors. You can also study people and how they interact in society. If you are studying people’s behavior you might want to study people’s spending habits. You could also study how the society as a whole spends their money. By studying people’s spending habits you might also see how that can affect the state of the economy. In Personal and Consumer Finance you learn about how people…
Our study aims to explain the relationship between mutual fund performance, fund attributes, and company characteristics. This section describes the main hypotheses. The explanatory variables are divided into two groups, fund and country-level variables. Fund-level variables include size, age, fees (annual charges, initial charges, and redemption charges), management structure, and management tenure. Company-level variables include economic development, financial development, investor protection…
slow maturing assets to the central bank to raise cash for the fast maturing liabilities. This option is not essential without a cost and banks may set in motion a vicious circle with its own momentum. According to (Syed, 2009), in case of Islamic finance system, the system is more stable as there is inherent in the matching of assets and liabilities. As we can see the arrangement of assets and liabilities are matched through profit sharing. The liabilities of economic units are fully repaid…
Consider a person betting on coin tosses, and the previous five outcomes were all Heads. Under the gambler’s fallacy, the person would think that the next outcome is most likely to be Tails and would then bet for Tails. The gambler’s fallacy is the false belief in “negative autocorrelation of a non-autocorrelated random sequence of outcomes” (Sundali & Croson, 2006). In simpler words, it is the tendency to perceive an outcome as less likely to occur if it occurred more frequently than normal…
was still able to have a GDP growth rate over 2%. This did not mean that India was able to avoid the financial crisis, but rather dampen the effects of it, relative to the United States of America. In this section, we will take an in depth look at finance for lending , India’s banking system, and the financial systems in place during 2008. India’s banking structure is drastically different then the United States of American and very unique compared…
Theoretical Background: Complexity, Social Capital, Appreciative Inquiry and Intentional Change theory Within this qualitative research design, three theories have been applied to help clarify the responses and decision-making approaches of the Board Members following the 2008 financial crisis. These 4 theories are Complexity, Social Capital, Appreciative Inquiry and Intentional Change theory. Because these theories offer support for organizational change, individual stakeholder improvements…
Introduction In this reflection, I will focus on some important topics such as, what I learned about individual and business taxation from this course, what was my experience with the group project and what were the challenges that I faced during both the group project and this course. I am also going to add some main overall points that I learned. Tax is generally an amount of money that is charged by a government on a product, income, or activity so that it can pay for public services. In…
Chapter Eight Delay Obedience – Is Disobedience “If you will only let me help you if you will only obey, then I will make you rich.” Isaiah 1:19 (LB) Months had passed, and now it was November. The Lord told me to pack again. He said to me to put some money aside every week so that when…
Throughout the case, Jackie and Glen both discuss ways of how the yearly ending accruals would and should be recorded as best as possible. The Accrual entries include future vacation pay, allowance for repairs, and reserve for inventory. There are two slight opinions of how they should be accrued according to one way by Jackie and another by Glen. Jackie has the well-known based accounting knowledge to apply the correct final conduction but Glen runs the final shots throughout the company’s…
Case Summary This case study focused on the important aspect of ethical decision-making. Throughout the case there are many situation in which ethical actions are being taken. It also portrayed how a large amount of money can alter the decision making of many. The case shows the differences and how each party is being affected in the whole ethical dilemma represented throughout the case. In the case Wal-Mart company and officials are bribing the government to open up a location in Mexico where…