Produce a memo summarizing a recent research paper in behavioral finance, and explaining the implications for investors or managers.
Intended audience: Imagine that you are an analyst working for an institutional investor that manages a large stock portfolio. Your boss has asked you to prepare an “executive summary to inform him or her about a research paper that was just published, and how it might affect the firms that are held in the portfolio, in advance of an important board meeting.
Goal: Include as much relevant information as you can in one page, while maintaining a writing style that is clear and concise, about one of the recent research papers in behavioral finance posted on the Blackboard site under “Behavioral Finance Papers for WAl”.
You should include as much relevant information as possible, including (where appropriate) but not limited to:
-Research Question: What question was the author analyzing? What was the hypothesis (or hypotheses) that they tested? Why is that question interesting or useful to financial practitioners?
-Data and Study Design: What data did the authors collect, if any? What time period was covered by the data sample? What methods did they use to analyze the data? (Summarize these methods as clearly and concisely as possible.)
-Findings: What did the authors conclude from their study? What was the “headline” takeaway for financial practitioners generally and for me (your boss) specifically? Does anything that the authors found relate to our firm, our investment portfolio, our portfolio firms’ managers or directors, or our clients? If so, what should I know?
-Any other information relevant to the study: did it contradict or reaffirm an existing theory? Is it going to change the way we do business? Are there opportunities for investors, portfolio managers, CEOs, etc., to earn profits (or avoid losses) that could result from the findings of this paper? Grading criteria:
-Did your memo cover the most important aspects of the research paper? Did your memo leave out any major details? Would someone reading your memo who knew nothing at all about the topic going in be able to put it down and explain the key aspects of the story clearly to someone else who also knew nothing about it? (15 points)
-Was the memo well-organized, so that the information evolved in a coherent way? Was the writing style accurate, concise, and clear? Was the quality of the writing (vocabulary, style) consistent with the standards of a professional work product? Did it meet all of the criteria for the assignment, including citing sources?
The book by Admiral SM Nanda, The Man Who Bombed Karachi: A Memoir, is a life account by an Indian Naval officer who resigned as the Chief of Naval staff (CNS) and is frequently associated with his most astounding and indispensable pretended amid the arranging and execution of oceanic activities which prompted the chronicled triumph of India over Pakistan amid the 1971 clash. The creator, who was the then CNS amid the 1971 clash with Pakistan, is the most qualified individual to draw out the different parts of the effective activities completed by the Indian Navy on both the Western and Eastern performance centers amid the contention. The book draws out an organized portrayal by the writer of his youth at Manora Island off Karachi where he was conceived. The underlying sections of the book, takes the peruser from his adolescence to the young of the writer at Minora, where he contemplated, and on fulfillment of his secondary school, worked at the Port and Pilotage Department earlier joining the Royal Indian Navy (RIN) and authorized as an acting sub lieutenant in the Royal Indian Naval Volunteer Reserve (RINVR) on 11 Oct 1941. The creator gives a point by point record of his encounters amid his recognized vocation in the Navy, which kept going 32 years and furthermore about his ensuing residency as the CMD of the Shipping Corporation of India (SCI). The peruser gets firsthand data on the 'Imperial Indian Navy Mutiny' or, in other words in incredible detail in Chapter 3 of the book while portraying the writer's residency at the Signal School, HMIS Talwar, at Bombay. The book likewise gives brief record of the writer's encounters with famous identities while he visited different nations amid his residencies locally available different Naval boats. Section 9 of the book gives an understanding on the evolvement of the country's ability in ship working, as the writer portrays the various obstacles which he needed to look as the Managing Director, Mazagon Docks, and how he effectively refined the appointed undertakings. The book likewise gives various accomplishments of the writer amid his residencies as the Flag Officer Commanding Indian Fleet (FOCIF) and FOC-in-C West.â Transformation of a solitary day festivity of the Navy day to a weeklong 'Naval force Week' festivity comprising super occasions including survey of the Indian Fleet by the President of India in 1969 is one among them. On page 158, the creator expresses that, 45 warships, India's first submarine (the Khanderi), five Coast Guard boats and eight shipper ships were on procession amid the armada survey on 28 Dec 1969. The peruser could be befuddled in the wake of discovering that the Indian Coast Guard was formally comprised just on 01 Feb 1977. The book describes in detail, the evolvement of the 1971 clash with Pakistan, the intricate readiness arranging and execution of the Naval power amid the contention and how adequately these finished in the triumph of the country in this manner rendering Navy a considerable power which was dismissed till at that point. Sections 12 to 15 of the book take the peruser more profound into the contention which offers intriguing perusing even to a layman with the assistance of straightforward, clear outlines and photos. The ocean fight which was battled in both Arabian ocean and Bay of Bengal are talked about in detail with fascinating portrayals. In the area 'Route ahead', towards the later piece of the book, the writer likewise brings out suggestive measures for the future Indian Navy. It is felt that, the book has generally prevailing with regards to giving a profound understanding to the accomplishments of Admiral Sardarilal Mathradas Nanda(Retd.) PVSM, AVSM. The peruser anyway may infer an inclination that, the creator has additionally tried, to a specific degree; to illuminate certain points of interest relating to his notoriety, particularly his post retirement life.>GET ANSWER