Schooling as a RiskyIinvestment: A Survey of Theory and Evidence focuses exclusively on the risk that is associated with investing in education. In this monograph, the authors' acknowledge that in educational choice, risk is everywhere, and that the variables affecting this choice are imperfectly known. Only recently has modern economic theory faced these issues. In a well organized framework, this monograph surveys the modest literature, identifies and explains the weakest aspects of knowledge in the field, reflects on policy issues, and presents an agenda for future research. Schooling as a RiskyIinvestment: A Survey of Theory and Evidence is organized as follows. After an introduction, Section 2 presents data on ex post variation in outcomes, and evidence on student perceptions of variability and risk to show that risk is a relevant dimension for individual decision making. As a background to the models acknowledging uncertainty, Section 3 briefly considers models for investment in human capital under conditions of perfect information and a perfect capital market. Section 4 presents empirical evidence on the effect of risk on schooling choices. Section 5 surveys the literature for empirical evidence on the relationship between level of education and dispersion in earnings. Section 6 considers methods to cope with risk such as hedging human capital risk and self-insurance through consumption smoothing. Compensation in wages for the risk associated with schooling investment is then considered in Section 7, followed by a look at policy issues in Section 8. Finally, in Section 9, the monograph concludes by summarizing what is known and identifies interesting issues and directions for future research.
Written primarily for business managers and government officials, this is a comprehensive and extremely timely handbook on how to successfully initiate and implement joint ventures and direct investments in China. The authors combine in one volume an appreciation of the nuances faced in the negotiation of U.S.-Chinese joint ventures, an examination of the investment environment in China and an assessment of its past traditions, present policies, and emerging problems. Case studies of a variety of actual joint ventures are especially valuable for readers involved in or planning to open negotiations in China. Several chapters assess the impacts of the events in Tianamen Square on foreign direct investment in the country. The book opens with two chapters which examine the reasons for China's open policy and the responses of foreign investors to the new policy. A group of chapters then explores the country's investment, cultural, and legal environments and their likely impacts on joint venture negotiations. Turning to an examination of Chinese markets and production capabilities, the authors assess consumption patterns, decision making, customer/supplier relations, local sourcing problems, transportation, the availability of skilled labor, management, and R&D. They go on to analyze the contributions of foreign direct investment, including the role of transnational corporations, and present a step-by-step guide to negotiating a joint venture in China and implementing the agreement reached. Finally, the authors look at prospects for development and modernization in China, particularly in terms of the trend towards recentralization following the Tianamen Square upheaval. In addition to business development managers, students in international business programs will find Direct Investment and Joint Ventures in China an indispensable resource.
The purpose of this book is to present the principles of alternative investments in management. The individual chapters provide a detailed analysis of various classes of alternative investments on the financial market. Despite many different definitions of alternative investments, it can be assumed that a classical approach to alternative investments includes hedge funds, fund of funds (FOF), managed accounts, structured products and private equity/venture capital. Alternative investment in keeping with this broad definition is the subject of consideration here. The theoretical part of each chapter is meant to collect, systematize and deepen readers' understanding of a given investment category, while the practical part of each focuses on an analysis of the current state of development of alternative investments on the global market and outlines the prospects of future market development. This book will be a valuable tool for scholars, practitioners and policy-makers alike.
Do you have a local small business and want to know the most effective strategies for promoting it? If so, then this is the right book for you. In this book you will learn the most effective online and offline marketing strategies that every small local business should use to generate leads that eventually convert to clients. In this book you will learn about some of the top online marketing strategies for your local small business like SEO, the right way to do social media marketing, and even how to get publicity. You will also learn some of the top offline marketing strategies for your local small business or service like flier marketing, business card marketing, how to get on the radio, how to promote your business by creating a successful local event or workshop series, and many additional strategies. You will also learn top sales techniques to close sales and get the most out of the leads that come through your doors. If you are ready to truly grow your business, and make it a success, get this book, and let's begin your journey to making you an amazing marketer of your local small business and get the growth for it that you dream of.
When done correctly, real estate investment is exciting, rewarding and lucrative - in any economy. Everything that I have achieved so far has not happened by accident. I came from a working class background yet still made a success in property investment; turning a 5k overdraft into over 15m in assets, with over half a million in rental income annually. If you have a dream or are yet to dream, then join me as I narrate my journey. Discover the challenges I faced, the lessons I learned and the obstacles I overcame - as I reveal how anyone can change their current reality, for the better, through successful property investment!
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