Saturday, July 25, 2020

Four Different Byu College Application Essay Examples

<h1>Four Different Byu College Application Essay Examples</h1><p>In request to assist your application to enter byu school, it is significant that you get whatever number enormous school application exposition models as could reasonably be expected. Since such a significant number of individuals are applying for affirmations, your application exposition will go far in assisting with getting your evaluations brought up all the while. In this article, we'll investigate a couple of enormous school application exposition models, and what they need to state about you.</p><p></p><p>For your application paper to turn out well, you have to ensure that you utilize some special thoughts. There are a great deal of projects where you can go to on the off chance that you are having issues with utilizing models. Byu school is one of those projects. Byu is an especially decent decision for a school that you are applying to, on the grounds that it offers suc h a large number of decisions and ideas to learn. Instances of some byu school application paper models include:</p><p></p><p>-What is Being Done In Seattle? by Marie Pappas, There are a few instances of my school application paper models which recount to the tale of how neighborhood training is being done in Seattle.</p><p></p><p>-American Student in Seattle by Anne Belanger, An understudy composing for my school application exposition may utilize the case of an American understudy as an approach to recount to an individual story. It is constantly a smart thought to utilize one of these byu school application exposition models when you are composing your application article. A case of this would be an account of somebody who moved to Seattle and has been learning the entirety of the exercises about living in another nation. From the models given in this paper, the understudy can communicate their craving to do great in their new home, just as the qualities that the person in question needs to learn so as to become successful.</p><p></p><p>-Becoming American by Anne Belanger, A case of an awful school application exposition model is expound on an American who took classes in English. This is a brilliant case of a byu school application article model since it shows that the candidate isn't simply composing for the school or even the school itself. The enormous school application article model clarifies that the understudy truly needs to be effective at what the person is doing. For this situation, the application paper essayist will address their relationship with their mom who might in all likelihood be in Japan or somewhere else. It is likewise a genuine case of an awful school application exposition model on the grounds that the paper author realizes that the family circumstance may not be directly for him to keep considering and he wouldn't like to surrender the fantasy about turning in to an English major.</p><p></p><p>-National Admissions by Annie Yuen, a case of a byu school application article model is discussion regarding why the huge school is so notable all through the country. A case of this is expound on an American understudy's involvement in their blue grass' music. Byu school confirmation exposition models are incredible for American understudies since they show the candidate that the individual in question can be pleased with their way of life and heritage.</p><p></p><p>There are numerous byu school application paper guides to assist understudies with being as imaginative as could reasonably be expected. It is significant that your exposition mirrors your own character, just as the qualities that you are looking to teach.</p>

Friday, July 10, 2020

Current Argumentative Essay Topics - the Story

<h1> Current Argumentative Essay Topics - the Story </h1> <h2> The Basics of Current Argumentative Essay Topics</h2> <p>Odds are, you should simply unwind and find a theme you're enthusiastic about and, obviously, one that is far from being obviously true. A great subject will permit it to be less difficult to seek after the motivation behind a factious article, which is, obviously, the whole examination of the difficult you talk about. Settling on a basic theme may end up being a mistaken track since you may experience issues finding valid sources to help your perspectives. Settling on a passionate point is likewise a magnificent thought. </p> <p>In picking your theme, it's as often as possible a smart thought to begin with a subject which you as of now have some commonality with. With the help of our tips for composing and our intriguing assortment of points, you're ensured to acquire a high evaluation! Thus, the decision of the subject is significant. Remember the way of the inquiry you're noting and don't start acquainting new subjects basically with cushion out your answer. </p> <p>You'll end up lost without being able to make a contention and create it accurately. Finding the most reasonable contentions will permit you to demonstrate your point and win. At the point when you are mentioned to choose an extraordinary subject for your contention, start with something you're acquainted with. On the off chance that you don't tight your point down to something brief, you'll not be capable deal with as far as possible and produce a predominant contention. </p> <p>At length, you additionally need to be able to go over each side of the contention to give an adjusted article. You may choose to compose on the issue you've just framed a sentiment about. As an issue of reality, the substance of your article is subject to what you're probably going to expound on. </p> <p>You may keep on saving your contentious articles for your up and coming employment portfolio on the off chance that they're profoundly reviewed. You can be absolutely certain your paper will be conveyed in time and be of the greatest quality. Finally, since you're set up to chip away at your paper, we wish to help you to remember the centrality of reasonable article structure. Rather than just promptly expounding on your contentious article theme, you initially need to consider what it is that you're probably going to return on your paper through a system of conceptualizing and pre-composing. </p> <p>Incredible heaps of schoolwork make it for all intents and purposes unrealistic for understudies not planning to find a help and to buy unrivaled exposition papers. Since you may see, there's a plenty of various pugnacious paper titles you may use. All things considered, reviewing papers can be fairly dull. In the first place, neighborhood paper papers may be brilliant spot to find intriguing contentious article subjects. </p> <h2> Ruthless Current Argumentative Essay Topics Strategies Exploited</h2> <p>Arguments consistently happen in a particular setting. So ensure you choose a subject, which has values in it. </p> <h2>The Downside Risk of Current Argumentative Essay Topics </h2> <p>you have a likelihood to choose perhaps the best point for factious article from our rundown! As enticing as it would seem to avoid past the additional information and go directly to the rundown of powerful paper points, don't do it. In cases when you get the chance to choose the point for a pugnacious paper, you should be savvy and find a title that will interest a peruser. The rundown is extremely interminable. </p> <p>Inspiration to make your own publicizing or media factious article subjects isn't precarious to find. You don't have to obtain very specialized with legitimate factious expositions, however make a point to get your work done on what the current laws about your preferred theme really state. It's conceivable to pick points from grouped arrangements of prepared subjects. The way to choose an extraordinary point for a pugnacious article is to choose a subject where there's a great deal of discussions on themes or positions. </p> <p>It's essential to choose far from being obviously true contentious paper themes as you need contradicting focuses you can counter to your own focuses. At the point when you are done with your exposition, you should not just check it for spelling and linguistic blunders, however all things considered, it likewise must be checked for coherent errors. In this sort of circumstance, it's increasingly helpful to find instant papers and use them for instance. </p> <h2> Gossip, Deception and Current Argumentative Essay Topics</h2> <p>There are numerous means that you should take to have the option to compose an extraordinary exposition. Since you may see, the procedure is wherever the equivalent. The current U.S. appointive framework and the manner in which it biases up-and-comers. </p>

Tuesday, July 7, 2020

The Empirical Evidence On Post Merger Performance Finance Essay - Free Essay Example

Study of M and A performance has been part of the strategic management, corporate finance, and organizational behavior literature for decades. Researchers have made use of various criteria in their attempt to appraise MA performance. For instance, Zollo and Singh (2004) found there exists much heterogeneity both on the definition of the performance of MAs and on its measurement. In a study of 88 empirical conducted between 1970 and 2006, Zollo and Meier (2008) acknowledged 12 different approaches, varying along several scopes, for measuring the impact of MAs. Essentially, there are four commonly used performance evaluation approaches in MA field which can be classified as quantitative and qualitative methods: Cording et al. (2010) reported 92 percent of empirical works used event study and accounting-based methods. According to Zollo and Meier (2008), only 28 percent of researches use accounting based measures, while 41 percent of the total reviewed articles use short-term event study. 4.1 Event Studies Event study has been dominant empirical financial research approach since the 1970s (Martynova and Renneboog, 2008) and is broadly applied in MA study. Event studies measure the abnormal returns to the shareholders for the period surrounding the announcement of the merger. Abnormal return is fundamentally the difference between the raw returns which is basically the change in the share prices and a benchmark index calculated by for example the Capital Asset Pricing Model (CAPM) or SP500, among others (Krishanmurti and Vishwanant, 2008). The first event study is said to be done by Fama, Fisher, Jensen Roll in 1969, who examined the stock splits to public listed companies. Ever since, it has become an influential tool that help companies to investigate effects of an event on stock return (Boehmer et al., 1991; McWilliams Siegel, 1997; MacKinlay, 1997). Indeed, stock returns reflect immediate, unbiased, rational, and risk-adjusted expectations of firm value in future based on the ar rival of new information. Researchers usually identify a period (event window) over which the impact of the event will be analysed which can be classified into short-term and long-term event study. The short term approach assumes stock market efficiency that means the stock market reaction to acquisitions when they are announced or completed provides a reliable measure of the expected value of the acquisition. The long term performance assessment assumes the stock market spends time to evaluate the value implications of acquisitions and wait new information about the progress of the merger. Besides, the probability of M A will be analyzed (Sudarsanam, 2003, p.71). Whether value is created or destroyed as a result of a merger can be directly measured by event study since it is a forward looking approach. It also has few backdrops as it is underlined by many assumptions about the stock market and event based study is prone to confounding events, which could skew the returns for particular companies at particular events.(Bruner,2002) Evidence using Event Studies Owing to the large number of empirical studies, as well as the variety of samples and sampling techniques used, the main findings have been tabulated. The subsequent discussion therefore focuses on highlighting the main findings and identifying how specific studies have contributed to our understanding of measures of acquirer performance and the factors that influence it. Table 1 contains a summary of studies examining the short-run impact of acquisitions, while Table 2 includes details on long-run studies. Short-run event studies The short-run event period over which the performance of bidding companies is measured varies noticeably between researches with some studies analysing performance in so far as four months prior to the bid announcement (Franks and Harris 1989) and up to three months afterwards (Higson and Elliot 1998). Regardless of the event window selected, however, the evidence on the whole suggests little if any positive returns to shareholders in acquiring companies. Of the studies reviewed in Table 1, only the early studies in the US by Asquith et al. (1983) and in the UK by Franks and Harris (1989) observed significant positive returns to acquirers Indeed it is to be noted that both of these studies included takeovers during the period when takeovers appear to have been more beneficial to acquiring firm shareholders (Bradley et al. 1988; Bruner 2002). Franks and Harris conducted their research in 1950s while Asquith et Lal conducted theirs in 1960s. The remaining studies from both the UK and US come to the conclusion that either no significant difference in the returns of acquirers or significantly negative returns around the bid announcement. In addition, as can been noticed from Table 1, more recent research appears to conclude increasingly negative performance of acquirers, a finding in line with evidence presented by Andrade et al. (2001). Moreover, it must be noted that recent evidence from other countries tends to be more positive compared to findings documented for UK and US. For example, Campa and Hernando (2004) point out insignificant gains from a sample of Continental European takeovers, while Ben-Amar and Andre (2006) report positive announcement returns from a sample of listed Canadian companies. Sudarsanam and Mahate (2003) report significantly negative abnormal returns of 1.4%, over the ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢1 to +1 day period, with only a third of acquirers experiencing wealth gains based on their research on a sample of 519 UK acq uirers between 1983 and 1995. This evidence is largely consistent with other UK studies by Sudarsanam et al. (1996) and Holl and Kyriazis (1997). For the extended post announcement period of +2 to +40 days, Sudarsanam and Mahate (2003) also proclaim generally negative abnormal returns but do not find the differences to be statistically significant findings broadly similar to Limmack (1991) and Gregory (1997). However, almost 50% of acquirers are shown to experience wealth losses over the extended event window. Long-run event studies. Motivated by early studies suggesting that MAs may have a negative impact on the long-run wealth of shareholders (Asquith 1983; Malatesta 1983), the long-run post MA performance has also been subject to a great deal of research. As shown in Table 2, recent studies advocate that MA produce either insignificant or negative abnormal returns in the long run. In the UK, for example, Limmack (1991) reports significantly negative returns for a sample of 448 takeovers between 1977 and 1986. Consistent with his findings is that of Kennedy and Limmack (1996) for their research on takeovers during the 1980s, and Gregory (1997) based on his study of takeovers between 1984 and 1992. Finally, Sudarsanam and Mahate (2003, 2006) also report significant negative returns in the post-bid period. Table 2 also illustrates that recent evidence from US studies is broadly consistent with the UK findings cited above, with Agrawal et al. (1992), Loughran and Vijh (1997) and Rau and Vermaelen (1998) reportin g significant negative returns. A recent research by Alexandridis et al. (2006) uses the three-factor model formulated by Fama and French (1993) and the traditional capital asset pricing model (CAPM) methodology. Both models experienced a negative abnormal return of around ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢1%. Gregory and McCorriston (2005) find that bidders lose ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢9.36% and ÃÆ' ¢Ãƒâ€¹Ã¢â‚¬  Ãƒ ¢Ã¢â€š ¬Ã¢â€ž ¢27% in years +3 and +5 following the announcement while there were no significant returns for years 0 to +2. Hence, the overwhelming consensus is that shareholders in acquiring companies suffer significant wealth losses when long-run returns are considered. 4.2 Accounting Studies Accounting study is based on the reported financial results of the bidders pre and post merger to examine changes in financial performance. Changes in net income, profit margin, growth rates, return on equity (ROE), return on asset (ROA) and liquidity of the firm are the focus of accounting studies (Bruner, 2002; Pilloff, 1996). The studies of the operating performance provide a supplementary measure to evaluate the result of the merger. The main outcome these studies give is whether the merger resulted in providing an edge to the acquirers over their competitors. (Bruner, 2002) Most of the study on merger performance has focused on the use of share price figures due to the susceptibility of accounting data to managerial manipulation through altering accounting policies and earnings management (Stanton 1987). A number of researchers prefer using accounting information to determine the long-run impact of acquisitions on operating performance of firms, arguing that any benefits fr om MAs will eventually materialize in the firms accounting records. Evidence using Accounting Studies Table 3 presents a review of accounting studies. Meeks (1977) concludes that profitability increased in the year of the takeover but decreased drastically below the pre merger levels, sometimes to the extent of 50% in each of the five subsequent years. Dickerson et al. (1997), in their study on a cross section of UK firms, led to the conclusion that that there was no evidence that M A had positive impacts on the acquiring companys financial performance and led to a permanent detrimental effect on company performance and profitability. This finding was consistent with that of Meeks (1977). Healy et al. (1992) examined post M A operating performance of the biggest 50 mergers between 1979 and 1984 and the same industry performance was used as benchmark. The authors indicated that acquirers experienced improvements in asset productivity, resulting in increase in operating cash flows relative to their industry peers. Interestingly, this paper came to the conclusion that the p ost-acquisition performance of acquirers is reduced after the takeover but is still better than their non-acquired sector peers, suggesting that acquisitions serve to lower the impact of poor performance. Andrade et al. (2001) studied the post acquisition performance of approximately 2000 US mergers during the period 1973 and 1998. They found that post-merger operating margins (measured as cash flow to sales) relative to the industry improve and are about 3.2% after the acquisition versus 2.9% before. The authors conclude that the combined target and acquirer operating performance is strong relative to their industry peers prior to the merger, and improves slightly subsequent to the merger transaction (p. 116). Ghosh (2001) attempted to show whether operating performance is actually improved post acquisition and whether the performance of acquirer is associated to the mode of payment employed. He used a sample of all the mergers and acquisition from 1981 to 1995. He compared t he pre and post-merger operating cash flow performances relative to the merged firms to examine whether the operating performance had improved post acquisition. And he found no evidence that operating cash flow performance improves subsequent to acquisition against what was concluded by Healy, Palepu Ruback (1992) that cash flow performance improves post acquisition. He also came to a conclusion in his research that cash as a mode of payment was a better alternative in order to better employ the assets of the combined firm and produce better wealth gains compared to equity as a mode of payment The bottom line of the accounting studies is that there is no strong relation on average between acquisitions and post-acquisition accounting or productivity performance. One probable justification is that the accounting data are too noisy to isolate the effects of the acquisition. This is acceptable given the transformations the accounts of the merging firms go through at the merger (rest atements, special amortization and depreciation, merger related costs, etc.). 4.3 Survey of Executives A survey study is a primary source of information which involves asking the executives of the companies whether the acquisition actually created value. Under, this method, standardized questionnaires are set for managers to assess the impact of a merger on the company. The answers of the executives from the interview are then analyzed to arrive at a conclusion. According to Bruner (2002), survey by practitioners is often casually reported, limiting the ability to replicate the study and understand the methodological strengths and weaknesses. For this reason, scholars tend to give practitioners surveys rather less attention. Moreover since the managers may or may not be stockholders and their outlook may not be focused on economic value creation. Also convincing the executives for involvement is a time consuming task and unfortunately, these surveys are known to have a low rate of participation. (Bruner, 2002) Despite consisting of some backdrops, this approach has its adva ntages as it gives a perception into value creation that may be unknown in the market and the benefits from the intimate familiarity with the actual success of the acquisition. Evidence Using Survey of Executives In a research entailed by Ingham, Kran and Lovestam (1992) who interviewed 146 of UKs top 500 companies between 1984 and 1988 on the basis of a questionnaire, it was held that 77% of the 146 CEOs surveyed are in the opinion that there was a rise in the short term profitability post the merger and 68% believed that the profitability increased in the long run. In a survey conducted by pooling 50 executives via the internet to evaluate the success to create wealth or otherwise of the merger, on average the respondents said that 37% of the deals created value for the buyers. Also it was found after considering all the respondents that only 21% of the deals achieve the buyers strategic goals. (Bruner, 2002) The frame of reference has a key role on the impact on the responses. Executive opinions tend to be more positive on the post-merger value creation in the case where the particular executive is involved. Indeed, the survey of the 50 executives concentrated on executives who wer e personally involved in a merger deal and were asked to respond to it. The result was different. 58% of the respondents said that there was value creation in their deal. 51% believed that they attained their strategic goal while 31% of the respondents didnt agree with it. The remaining was not aware of the outcome of their deals. A survey by Business week(1995) for the period 1990-1995 consisting a sample of 248 acquirers purchasing a total of 1,045 targets, compared to 96 non acquiring firms , revealed that 69% of non-acquirers had their returns superior to that of the competitors. (Bruner, 2002) A survey conducted by KPMG International (1999) based on a sample of 700 of the most expensive merger deals between 1996 and 1998 showed that 17% of the deals amplified shareholder value while 53% reduced it. 30% broke-even. Interviews with 107 executives disclosed that 82% of the respondents said their deals were successful. (Bruner, 2002). 4.4 Clinical Studies Clinical studies focus on one case or a small sample is studied in great depth and insights, usually through field interviews with executives and knowledgeable observers. This is an inductive research which is good for looking out for new patterns and behaviours with regards to a deal (Bruner, 2004). The aim of clinical studies is to fill in gaps left by event and accounting studies (Jensen, 1986). However, due the small number of observations; researcher cannot do hypothesis testing and reports can be idiosyncratic implying difficulty for the decision makers to make bigger decisions from only one report (Bruner, 2002). Evidence Using Clinical Studies Several clinical studies piloted over the years have shown the way to uncovering the truths behind the success or failures of mergers. Lys and Vincent (1995) studied the acquisition of NCR Corporation by ATTs, which lead to a decrease of the ATTs shareholders wealth by $3.9billion and $6.5billion. Their research revealed three main reasons for the failure. First, maximizing shareholders wealth was not one of the objectives of the management, managerial overconfidence and thirdly, ignorance of accessible data. A study to determine whether value is created or destroyed following an acquisition was conducted by Kaplan, Mitchell Wruck (1997). They analysed the mergers of Cooper industries acquisition of Cameron iron works and that of Premarks acquisition of Florida tile and observed different share market reactions to their announcement. One acquisition increased the share value and the second decreased it. However, based on several field interviews with executives they concluded t hat both the acquisitions didnt create value due to lack of knowledge regarding target firm and the imposition of inappropriate organizational strategies on the target firm. Ruback (1982) attempted to find the effect of the takeover of Conoco by Dupont on shareholder value. He discovered that Conocos shareholders received gains of $3.2billion while the shareholders of Dupont suffered losses of $800 million. He couldnt establish the reason for net gain of $2.4billion from the deal and was unable to find a specific source. This study illustrated the possible problems associated in a clinical study.

Wednesday, July 1, 2020

Writing Good Introduction Argumentative Essay

<h1>Writing Good Introduction Argumentative Essay</h1><p>Writing great presentation factious article isn't troublesome in any way. In the event that you are simply beginning and don't have a clue about any great prologue to paper composing tips or on the off chance that you have been composing it for quite a while yet feel that you are not on a par with others, at that point it is best that you search for a decent prologue to exposition composing tips that can assist you with getting better.</p><p></p><p>The first thing that you have to do is to peruse more articles and papers that are composed by specialists in their field. In the event that you don't have any thought regarding what you are composing and on the off chance that you don't have a clue how to compose it, at that point the best thing that you can do is to visit an online library to look into. At that point, attempt to compose various types of expositions for various purposes. Rem ember to incorporate everything that you think about the point and have done all the things that you have to do to land the position done.</p><p></p><p>After that, get the assistance of somebody who is educated about your subject, who can give you a few thoughts on the most proficient method to compose a decent presentation contentious paper. A portion of the themes which are effectively utilized for presentation pugnacious article incorporate Internet, governmental issues, history, religion, recent developments, world news, legislative issues and connections and so forth. A portion of the things that you should recollect when you compose presentation factious paper are as follows.</p><p></p><p>Be as transparent as could be expected under the circumstances. On the off chance that you are composing the prologue to an article, at that point you ought tell about the topic as well as explain to about the motivation behind why you are compo sing the presentation. You may have a decent and clever clarification yet it is pointless in the event that you don't give any explanation behind doing so.</p><p></p><p>Finally, make certain to make your presentation as supportive as could reasonably be expected. It is significant that the presentation or the factious article that you are composing must seem to be an individual one. That is the reason you should consistently decide to compose all alone. Ensure that you end your presentation with the best articulations and reasons.</p><p></p><p>Thus, composing great presentation contentious article can be simple and furthermore should be possible by somebody who has great information and data about the theme. Many individuals discover the assistance of specialists in this sort of things and they can assume the acknowledgment. They can help you through the manners in which that you can not consider doing it yourself.</p><p>&l t;/p><p>An significant thing that you should recollect when you are composing presentation factious paper is that it ought to be composed for what it's worth. Try not to place every one of your thoughts and contemplations into it and furthermore recall that you can gain from the error. Try not to accuse others when you commit an error and don't make the entire procedure outlandish for you to succeed. Remember that you have to do this for yourself to get good.</p>