Stock analysis Essay Example | Topics and Well Written Essays - 4500 words

Stock analysis - Essay Example This includes, but is not limited to, the background of IHG and a brief statement of four special informational events which will be analyzed in depth within this brief response. Accordingly, a literature review will be shown which helps to underscore and elaborate upon many of the specific theoretical interpretations of the methods utilized within this report as well as relate pertinent information with regards to how such a process has been traditionally understood. Additionally, a demonstration of development of an event study is included and defined. Furthermore, the third part of the piece will include a methodological review. The explanations of approaches which have been utilized to conduct this report will be given as well as some assumptions and critical common factors that are associated with this methodology. Likewise, a research design and results section will comprise the fourth part of this analysis. Ultimately, the issues which will be explored and/or discussed will be analyzed based upon an event study methodology. This part will begin with defining the date of events and then choose the estimated period and test period. Following this, marker models will be chosen as a specific benchmark for abnormal returns. Similarly, a linear regression for the market will be chosen to shed further light on the theoretical interpretation and key data presented. In such a way, ordinary least square assumptions will be necessary to estimate the stability or whether or not it exists to a discernible degree at all. Based on the results of linear regression, the abnormal return will be calculated. Next, the Cumulative abnormal return, or CAR will be utilized as a means of indicating the effect of events specific to those which have already been related and identified. Further, a T-test by CAR will be presented to show the significant of these events. A final portion of the research will necessarily be the conclusion of this report. Within this conclusion, it is t he intent of this researcher to show the basic information of this report and summarize it according to the inference which has been drawn. Background information: InterContinental Hotels Group (IHG) is global hotel group which operates nine hotel brands; which in turn comprise a total of 4,600 hotels in more than 100 countries and regions, more than 676,000Â  rooms. IHG was established in 1946 and is the world's largest and most widely distributed network of professionally managed hotels. With regards to the business model that IHG exhibits, this can be understood in three distinct ways. First, IHG operates as a franchisor, second as a management accessory, and thirdly it operates upon a rental basis. In addition, the franchise has been recognized as exhibiting an effective business philosophy by many leaders within the industry. This report chose four specific events to explore the relationship with the IHG stock price volatility for a period time. These four events are shown bel ow: (1) On the 18th April 2012: IHG shows its support for small business owners, entrepreneurs and Road Warriors. (2) On the 7th August 2012: IHG reported interim results from the 30th June 2012 and announced $1bn return of capital. (3) On the 8th October 2012: IHG reported the results of general meeting about Special Dividend and Share Consolidation. (4) On the 12th November 2012: IHG announced that

Reasearch Report on Global Warming - Myth or Reality Research Paper

Reasearch Report on Global Warming - Myth or Reality - Research Paper Example Yet, whether these changes can be attributed to or called ‘global warming’ is a difficult question. Apparently, the global warming theory is surrounded by controversy. This being said, a web research of the information and arguments relating to global warming was performed. The results of the web research suggest that global warming is a myth rather than reality, and the press coverage of global warming in the U.S. distracts public attention from the scientific evidence, which denies the existence of the global warming phenomenon. The goal, scope, and questions of research Global warming is one of the most popular objects of professional research. The press explores the meaning of global warming and its effects on the environment. Rising temperatures and changes in concentrations of carbon dioxide are believed to be reliable measures of global climate changes. In the meantime, more researchers begin to question the importance and even existence of the global warming phen omenon. The goal of this research was to decide whether or not global warming is real and realistic. The main question to answer was â€Å"Is global warming myth or reality?† Scholarly articles and book resources found on the web were used to answer the research question. Global warming: myth or reality? Global warming – myth or reality? – this is the question the public and research community are trying to answer. Books and articles provide a wealth of evidence supporting the relevance and existence of the global warming phenomenon. Temperature, sea level changes, and precipitation serve the main indicators of global warming (Maslin 23). Scientists use these indicators to estimate how the global climate changes under the influence of the industrial revolution (Maslin 23). Scientists were able to reconstruct changes in surface temperatures over the last 1,000 years – based on this information scientists produced a continuous record of temperatures, which indicate changes in surface temperatures of 0.74oC over the last 130 years (Maslin 25). The 20th century witnessed considerable fluctuations in temperature: the 1960s-1970s were the period of cooling (Maslin 25). However, generally, the planet is warming and even temperatures in the lower troposphere have been steadily increasing, approximately 0.1-0.2oC every ten years (Maslin 25). Global sea levels and precipitation are another two indicators used to judge the scope of the global warming phenomenon. The two most important precipitation data sets include the Global Historical Climate Network and Hulme (Maslin 30). It is noteworthy, that no definite global trends in precipitation have been found so far, but regional changes in precipitation are more than obvious (Maslin 30). North and South America experience significant increases in precipitation (Maslin 30). The seasonality of precipitation is changing, too (Maslin 30). Scientists observe long-term changes in precipitation in sout hern Africa and the Mediterranean (Maslin 30). The data on changes in sea levels adds to the body of evidence supporting global climate change: over the past 100 years, global sea levels have risen at least 12 cm (Maslin 31). Between 1961 and 2003, global sea levels were rising by almost 2 mm per year, and between 1993 and 2003, global sea levels steadily increased by 3.1 mm every year (Maslin 32). Scientists use