Monday, February 24, 2020
Comparative politics 3 Essay Example | Topics and Well Written Essays - 1000 words
Comparative politics 3 - Essay Example The population comprises of a mix of people with European, African, and Native American roots, as well as other immigrants from Europe and Asia. Despite having a large resource base and a well-developed economy, Brazil has deep-seated social problems such as income inequality and poverty. This can be seen from the fact that, in Brazil, there is a dramatic variation in the living conditions of the Brazilian people. The nation is characterized by varying poverty incidence rates among the nonmetropolitan urban areas, metropolitan areas, and rural areas. There are also considerable income disparities among different regions. Income Inequality in Brazil Income inequality in Brazil has been very high for a long time. A large number of Brazilians live in poverty despite the fact that Brazil is not a poor nation. In fact, ââ¬Å"Brazil has one of the most unequal income distributions in Latin America, a region with the highest income inequality in the worldâ⬠(Almeida 2008, 7). A recent study conducted by the World Bank showed that over half of Brazilians live in very poor conditions. ... zilian people in families earning average incomes that were below the poverty line were approximately 51 million, which is about half of Brazilââ¬â¢s total population. However, it is important to note that there are many nations whose levels of per capita income are lower than that of Brazil. Causes of Income Inequality in Brazil Income inequality in Brazil can be attributed to a number of factors. These include: 1. Extreme land concentration among Brazilââ¬â¢s elites. This has led to unequal land distribution among people in Brazil, and is a major cause of inequality and poverty in the country. According to Almeida, ââ¬Å"in Brazil, 1% of the population controls 45% of the farmlandâ⬠(2008, 8). 2. Differences in incomes among different regions in Brazil. Brazil is the most unequal nation in Latin America in terms of income. ââ¬Å"In income distribution, Brazil is among the 10 most unequal countries in the world. An estimated 95 percent of the worldââ¬â¢s population l ives in countries where income is more equally shared than in Brazilâ⬠(Thomas 2006, 28).The differences in income among different regions has led to overall income disparity in Brazil, and consequently, to poverty. 3. Racial differences. Racial component as a cause of poverty in Brazil is affirmed by the Brazilian government. A significant part of the overall income inequality in the country can be attributed to income differences based on skin color. Afro-Brazilians, who are Brazilians with an African descent represent almost half of Brazilââ¬â¢s population, and constitute sixty four percent of the poor and sixty nine percent of the very (Almeida 2008). 4. Lack of access to quality education. Educational attainment in Brazil is very disproportionate. Brazil is not characterized by low public expenditure like other
Saturday, February 8, 2020
MANAGEMENT Essay Example | Topics and Well Written Essays - 250 words
MANAGEMENT - Essay Example Students are multi-dimensional and understand all facets of what the program entails. Additionally, this programs offers interactive learning. One of the best methods for learning is interactive learning that is reached via collaboration. Conducive research shows that interactive learning is one of the best methods to engage students in a simulative learning. As a matter of fact, this new type of learning of application has allowed students to truly be more engaging. It breaks away from the traditional scope of learning in a conventional classroom that extends beyond writing boring notes, engaging in useless writing drills and discussion. The interactive learning has harnessed learning because it allows students to engage in a learning environment. For instance, the application has a feature of an ACT test flashcards. If the student gets a question wrong, the APP will prompt the student to justify why they picked that certain answer. A weakness in the program is that Miami Dade College does not have a vast network of corporations that seek the potential candidates out of universities. This can be problematic because students, who may not have the adequate resources to seek other resources to find One of the major opportunities is the program is the fact that online program can be embedded to attract longer distance students. Technology and media has drastically facilitated this cause. One of the greatest benefits of E-learning that it provides dynamic technology it provides to learning. Undoubtedly, E-learning has been the pinnacle and focal point of learning. Conventional school learning relies on endless drills, homework and lecture notes. Online or virtual learning also has been gained a lot of the importance due to the technological revolution. Some teachers in many times complain that the steady use of technology is hampering the real growth of the students with many side effects. In my paper will tries to discuss the cause
Wednesday, January 29, 2020
Hope Leslie Essay Example for Free
Hope Leslie Essay In the novel, Hope Leslie, Catherine Maria Sedgwick uses personal analysis as well as historical information to create an uncannily realistic tale of romance, racial prejudice and religion. Throughout the book, Sedgwick emphasizes relations between the Native American peoples and the European Americans living in Massachusetts in the 1640ââ¬â¢s. She is able to do this specifically with the characters of Magawisca, the Native American slave with the will of a lioness, Everell Fletcher, the handsome much wanted white male protagonist, Hope Leslie, a strong headed young woman who symbolizes modernism in the piece and Esther Downing, Hope Leslieââ¬â¢s literary foil. Through the relationships between Everell and each of the three female protagonists, Magawisca, Esther and Hope, Sedgwick stresses that the relations between Native Americans and Americans will never be fully amiable due to religious, societal, natural influences. The first relationship of the three relationships that are mentioned in the writing is that of Everell and Magawisca. Sedgwick uses the mother, Mrs. Fletcher, to introduce this young love between the white boy and his Native American acquaintance in a letter to Mr. Everell while he is away from their home at Bethel. ââ¬Å"The boy doth greatly affect the company of the Pequod girl, Magawiscaâ⬠, she writes,â⬠He hath taught her how to readâ⬠(32). This action between the two children shows Magawisca gradually assimilating into the American society and thus, becoming more Americanized and less ââ¬Å"savageâ⬠as literacy is considered a civilized ability. As Magawisca dismisses the basic principles of Puritanism, however, it is clear that there is a definitive divide between the Native American and her new familyââ¬â¢s beliefs. As religious tenets are defining features of a person and his or her background, Magawisca can never completely assume the American ways without acknowledging the religion. Thus, the relations between her and Everell will not be able to last due to their difference in. Thus, religious differences create adversities in the relationship and ultimately attribute its failure. Mrs. Fletcher directly highlights the fact that the relationship will inevitably fail when she compares the two adolescents to plants: ââ¬Å"Two young plants that have sprung up in close neighborhood, may be separated while young; but if disjoined after their fibers are all intertwined, one, or perchance both, may perishâ⬠(33). This statement implies that nature will undoubtedly separate the Everell and Magawisca in the future and the longer they stay together, the more difficult it will be for each of them to survive when they are torn apart. The emphasis on the fact that nature will tear the Native American and the white boy apart is particularly interesting because towards the end of the book Sedgwick brings up the relation between nature and love when speaking about Everell and Hope. In the later case, however, Sedgwick writes, ââ¬Å"Nature will rejoice in reciprocated love, under whatever adversities it comesâ⬠(351). This contradictory statement brings to light the idea that reciprocal love between and American and Native Indian will never last no matter how strong the connection is, yet reciprocal love between two Americans will last no matter how many hardships the couple face. Based on Sedgwickââ¬â¢s blatant double-standards, it is clear that relations between the same races are favored, creating yet another issue between Native American and White relations. As the novel progresses, Everell encounters another relationship except this time with Esther Downing. Though this kinship does not directly involve a Native American counterpart, the future diminishment of this bond is directly based on Native American-white relations specifically concerning Magawisca. When Magawisca is apprehended after meeting with Hope Leslie, she is captured on the grounds that she is ââ¬Å"suspected of being an active agent in brewing the conspiracy forming against [the white people] among the Indian tribesâ⬠(245). Therefore she is solely arrested on the basis of suspicion, not proof, and only because of her racial affiliations and the skepticism surrounding the Native American peoples at the time. It is this imprisonment of Magawisca that proceeds to highlight the differences between Everell and Esther and future accentuates the fact that relations between the two races will never be completely peaceful. The reactions both Everell and Esther have towards the situation seem to be the same, however the way each of them handle it show that no matter how much the Americans want to have loyal relations with the Natives it will not work. Once Magawisca is imprisoned Everell tried to enlist the help of Esther to free her however, Esther believes that they ââ¬Å"had not scripture warrant for interfering between the prisoner and the magistratesâ⬠(292) implying, that she was too morally and religiously strict to free Magawisca without consent to do so. It wasnââ¬â¢t that Esther disliked Magawisca, in fact, she plainly stated that ââ¬Å"those who love [Everell] need no know this maiden to feel that they would save her life at the expense of their own, if they might do itâ⬠(293). The restriction on the loyal and amicable friendship both Esther and Magawisca could share was not hindered by distaste for one another, but instead because of strict religious views and moral conduct. This dissent between Everellââ¬â¢s wishes and Estherââ¬â¢s duty brings about the notion ââ¬Å"that there was a painful discord between themâ⬠(293) and they are evidently not compatible. The final relationship, between Everell and Hope, shed a positive light the fact that white relations with Native Americans could in fact be successful. Magawiscaââ¬â¢s freedom gave both Everell and Hope a mutual cause to fight for and finally allowed them to express the feelings they had suppressed for so long. She pushed both parties to reveal their true love for each other. ââ¬Å"Ask you own heart, Hope Leslie, if any charm could win your affections from Everell Fletcher? â⬠(350). These lines not only instigated a relationship between two soul mates but also affirmed a very close relationship between Hope and Magawisca. This gesture paralleled what Hope did to Esther when she let Esther have a relationship with Everell even though she loved him. It is evident that Magawisca still has feelings for Everell by her reactions to seeing him: ââ¬Å"An involuntary exclamation burst from her lips; and then shuddering at this exposure of her feelings, she hastily gathered together the moccasins that were strewn over the floor, dropped a pair at Hopeââ¬â¢s feet, and darted awayâ⬠(193). Her burst of emotions and flustered actions prove she had feelings for Everell and by sacrificing those feelings for Hopeââ¬â¢s happiness, she is delineating that she is in fact, just as good of a friend to Hope as Hope is to Esther. Thus, the relations between Indians and Americans can in fact occur with the upmost loyalty and respect. Though Hope and Everellââ¬â¢s relationship does indicate that the two races can coexist in harmony, Magawisca still makes it clear that thought the individuals may be on good terms, their society as a whole is not by dutifully stating ââ¬Å"the law of vengeance is written on our heartsâ⬠¦ the Indian and the white man can no more mingle, and become one, than day and nightâ⬠(349). The revengeful nature the Native Americans still associate with the white peoples of Massachusetts still trumps any possible platonic or affable relations between the two races. Thus, societal influence once again hinders harmony. Through each of the three relationships it is evident that good relations between the Indians and the Americans may only exist if the mindset of all parties involved is modernist and accepting of all races. In addition, Sedgwick also determines, with the relationship of Faith, Hopeââ¬â¢s sister, and Oneco, Magawiscaââ¬â¢s brother, that if one of the lovers in the relationship completely assimilates into the culture of the other, a healthy, loving kinship may blossom. Though Sedgwick does portray Native American people in relatively positive light throughout the novel, through her delineation of forbidden and accepted love, she makes it evident that the cultural and ideological barriers between Americans and the American Indians cannot ever be completely lifted.
Tuesday, January 21, 2020
The Andromeda Strain: A Critical Analysis Essay -- English Literature:
The Andromeda Strain: A Critical Analysis In 1969 Michael Crichton wrote The Andromeda Strain, a book that would forever expand the limits of a science fiction novel. Although written in 1969, it deals with very current issues facing the modern day boilogical and even political realm. Technically a science fiction novel, the meticulously crafted plot is so intertwined with actual science and technology that some have catagorized it as "science fact." It is this realistic overtone that gives the impression that perhaps, someday, events in the book could actually take place. Plot Synopsis The book opens up with a fictional page of acknowledgments stating "This book recounts the five-day history of a major American scientific crisis." From this opening sentence, the author immediately sets the tone as one of historical narration of events that actually took place. It is supposed to be a retelling of a scientific tradgedy with monumental implications. From here, the story the author relates begins. Five years earlier the United States government initiated a program called Project Scoop. The project's purpose was to send unmanned space capsules into the earth's outer atmosphere to collect samples and examine them. The hope was that undiscovered biological agents could be found for potential use as biological weapons of war. Overall, the Scoop program had been somewhat of a dissapointment until the seventh launch. It reentered the earth's atmosphere over small town in Arizona, where a team of two men were sent to retrieve it. Upon entering the town they found no signs of life and suddenly and unexplicably died themselves. This occurence set in motion something the government had secretly planned for ca... ...ploy would be to grow a number of microorganisms that would grow uninhibited in the vastness of space. The alien race would send them out in random directions where they would drift perpetually until finally reaching other life. Once reaching their destination, they would develop into full organ, or organism capable of communication. They would inform the other race of the presence of the other, and possible ways to communicate back. This seemed amusing to the more practical scientists, but it had to be considered a possibility with Andromeda. Overall, "The Andromeda Strain's" extremely technical subject matter made it challenging to read, but informative on a level usually not touched on by other science fiction novels. The plot itself as well as the concepts conveyed in this book make it relevent to the modern biologic world, even over 30 years later.
Monday, January 13, 2020
Book Review ââ¬ÅThinking, Fast and Slowââ¬Â Essay
I read the international bestseller ââ¬Å"Thinking, Fast and Slowâ⬠of Daniel Kahneman (Winner of the Nobel Prize) over the last 3-4 weeks. I think it is a very interesting book and it is describing very critically the human brain and mind, which gave me many insights into decision-making and errors we are doing automatically without noticing it every day. He is very often talking about ââ¬Å"System 1â⬠and ââ¬Å"System 2â⬠. System 1 is fast; itââ¬â¢s intuitive, associative, metaphorical, automatic, impressionistic, and it canââ¬â¢t be switched off. Its operations involve no sense of intentional control, but itââ¬â¢s the ââ¬Å"secret author of many of the choices and judgments you makeâ⬠and itââ¬â¢s the hero of Daniel Kahnemanââ¬â¢s book Thinking, Fast and Slow. System 2 is slow, deliberate, effortful. Its operations require attention. System 2 takes over, rather unwillingly, when things get difficult. Itââ¬â¢s ââ¬Å"the conscious being you call ââ¬ËI'â⬠, and one of Kahnemanââ¬â¢s main points is that this is a mistake. Youââ¬â¢re wrong to identify with System 2, for you are also and equally and profoundly System 1. Kahneman compares System 2 to a supporting character who believes herself to be the lead actor and often has little idea of whatââ¬â¢s going on. System 2 is slothful, and tires easily ââ¬â so it usually accepts what System 1 tells it. Itââ¬â¢s often right to do so, because System 1 is for the most part pretty good at what it does; itââ¬â¢s highly sensitive to subtle environmental cues, signs of danger, and so on. It does, however, pay a high price for speed. It loves to simplify, to assume WYSIATI (ââ¬Å"what you see is all there isâ⬠), even as it gossips and embroiders and confabulates. Itââ¬â¢s hopelessly bad at the kind of statistical thinking often required for good decisions, it jumps wildly to conclusions and itââ¬â¢s subject to a fantastic suite of irrational biases and interference effects (the halo effect, the ââ¬Å"Florida effectâ⬠, framing effects, anchoring effects, the confirmation bias, outcome bias, hindsight bias, availability bias, the focusing illusion, and so on). Thousands of experiments have been conducted, right across the broad board of human life, all to the same general effect. We donââ¬â¢t know who we are or what weââ¬â¢re like, we donââ¬â¢t know what weââ¬â¢re really doing and we donââ¬â¢t know why weââ¬â¢re doing it. Thatââ¬â¢s a System 1 exaggeration, for sure, but thereââ¬â¢s more truth in it than you can easily imagine. Judges think they make considered decisions about parole based strictly on the facts of the case. It turns out (to simplify only slightly) that it is their blood-sugar levels really sitting in judgment. We also hugely underestimate the role of chance in life (this is again System 1ââ¬â¢s work). Analysis of the performance of fund managers over the longer term proves conclusively that youââ¬â¢d do just as well if you entrusted your financial decisions to a monkey throwing darts at a board. There is a tremendously powerful illusion that sustains managers in their belief their results, when good, are the result of skill; Kahneman explains how the illusion works. The fact remains that ââ¬Å"performance bonusesâ⬠are awarded for luck, not skill. They might as well be handed out on the roll of a die: theyââ¬â¢re completely unjustified. This may be why some banks now speak of ââ¬Å"retention bonusesâ⬠rather than performance bonuses, but the idea that retention bonuses are needed depends on the shared myth of skill, and since the myth is known to be a myth, the system is profoundly dishonest ââ¬â unless the dart-throwing monkeys are going to be cut in. In an experi ment designed to test the ââ¬Å"anchoring effectâ⬠, highly experienced judges were given a description of a shoplifting offence. They were then ââ¬Å"anchoredâ⬠to different numbers by being asked to roll a pair of dice that had been secretly loaded to produce only two totals ââ¬â three or nine. Finally, they were asked whether the prison sentence for the shoplifting offence should be greater or fewer, in months, than the total showing on the dice. Normally the judges would have made extremely similar judgments, but those who had just rolled nine proposed an average of eight months while those who had rolled three proposed an average of only five months. All were unaware of the anchoring effect. The same goes for all of us, almost all the time. We think weââ¬â¢re smart; weââ¬â¢re confident we wonââ¬â¢t be unconsciously swayed by the high list price of a house. Weââ¬â¢re wrong. (Kahneman admits his own inability to counter some of these effects.) Weââ¬â¢re also hopelessly subject to the ââ¬Å"focusing illusionâ⬠, which can be conveyed in one sentence: ââ¬Å"Nothing in life is as important as you think it is when youââ¬â¢re thinking about it.â⬠Whatever we focus on, it bulges in the heat of our attention until we assume its role in our life as a whole is greater than it is. Daniel Kahneman won a Nobel prize for economics in 2002 and much of his time heââ¬â¢s working together with Amos Tversky. Thinking, Fast and Slow has its roots in their joint work. It is an outstanding book, distinguished by beauty and clarity of detail, precision of presentation and gentleness of manner.
Sunday, January 5, 2020
Essay on Personal Narrative My Mistake - 566 Words
Although high school was over for me in June 2009, I still think about the memories of my freshman, sophomore, and junior years. In these first three years of my high school experience I did not participate in school activities except drama club and a beauty pageant. I regret my decision of not participating in clubs, or going to the sport games, and not attending events in school. I would go back and change this decision for many reasons. Not participating in school resulted in me not meeting as many classmates as I could have. Also, it became hard for me to fill out college applications, because I did not have anything to state in the school activities section. Finally, not participating in school for the first three years will result inâ⬠¦show more contentâ⬠¦By going to these events it would have game me ammunition to expand my social circle. Participating in school events would have allowed me to interact with the classmates. For example, if I had attended a fundraising e vent that allows group effort I could strike up a conversation with a classmate. Being involved with many activities would have allowed me to meet new and fun people. Furthermore, some high school students dread the process of applying to colleges in their senior year. I to had to go through this long process, but I feel as though it was harder for me to fill out the college applications. Contained in a college application is a section for the applicant to list their accomplishments and school activities for the admission office to view. However, I could list my accomplishments during my high school years, but I did not have anything to write in the school activities section except for drama and runner up in a beauty pageant. As a result, I did not get accepted into as many colleges as I could have with the addition of school activities. In addition, high school memories are suppose to stay with us forever. We remember the things we did in high school through a yearbook or simply pa ssing down our experiences orally. Unfortunately, I do not have as many memories to share with my family during my first three years of high school due to lack or participation. The only memories I could share is making an A on school work or accepting anShow MoreRelatedPersonal Narrative: Learning From My Mistakes Essay947 Words à |à 4 Pagescanââ¬â¢t do this anymore, itââ¬â¢s ruining my lifeâ⬠. Many of my friends have started smoking cigarettes while drinking at a very young age, and continue to use this drug currently and donââ¬â¢t realize the affect it has on their future. While I have been smart enough to avoid smoking, I havenââ¬â¢t been as wise at making decisions when it comes to drinking. The amount of partying Iââ¬â¢ve done in college has taken over my life, and has had a huge impact on my grades. Changing my drinking habits and continuing to avoidRead MorePersonal Reflection1050 Words à |à 5 PagesEducation Student Outlines, and it was evident wh ile revising my first project, the personal narrative. The first objective was ââ¬Å"Students will identify and apply multiple approaches to the study of language, usage, grammar, diction, and style of standard written English.â⬠In the course, I definitely had to approach the study of language in multiple different ways. I learned about many different writing styles, from the personal narrative of Project One, to the research intensive academic paper ofRead MoreIllness Narrative Essay929 Words à |à 4 PagesMy Illness Narrative Sharing and listening to the illness narratives in class is an experience that I do not think I could ever forget. Listening to people share their raw emotions and stories of struggle and illness was eye opening, My own illness narrative could be described as a quest narrative and more specifically an automythology. This is because as I stated in my presentation, I became a better person, adopted skills that helped me deal with my fatherââ¬â¢s illness, understood what it is likeRead MoreFor Many Human Beings, It Is Natural To Go Through Multiple1714 Words à |à 7 Pages For many human beings, it is natural to go through multiple partners throughout our lifespans. As we go through these relationships, we learn many important lessons from our past mistakes and improve on them. Sometimes we even go to songs for guidance and find meaning to these emotions that we feel after these breakups. Often to remedy this,we go to the songs that speak to us the most as ââ¬Å"Lyrics lend people an alternative means for finding words to convey their otherwise inaccessible memories, emotionsRead MoreI Was Never A School For Me890 Words à |à 4 Pagesme. It seemed so boring to me compared to manipulating numbers and learning about the processes occurring in the world around me. Although, I disliked writing, I was never a bad writer in school throughout my educational career I had always received Aââ¬â¢s on essays even in honors and AP classes. My main problem occurred with timed essays because I do not like being rushed when Iââ¬â¢m writing, especially when iââ¬â¢m expected to create a nuanced idea to support. When placed into writing 1 I was very disappointedRead MoreReflection Paper1022 Words à |à 5 Pageswritten essay. By using the learning objectives exemplified in the class I was able to write multiple well written papers. The first writing assignment was a literacy narrative. This narrative did not ask for much, but to write a brief anecdote about my first week of college. I was so nervous to write this essay because it was my first college paper to write and the prompt did not ask for much. Usually, in high school, teachers told you exactly what they wanted and what they expected from you. ButRead MorePersonal Narrative : A Semester Of Learning959 Words à |à 4 PagesLearning Since my early high school days, teachers have preached to me on the importance of writing in my future college classes and career. With each year came a further development of my writing and the addition of tools that I could add to my arsenal. I learned when to be creative and when to be strictly fundamental. I learned when to write formally and when to write informally. Year after year, I was taught the different forms of writing such as a research paper, a narrative, and a persuasiveRead MoreMy First Year Experience Program1134 Words à |à 5 Pageswasnââ¬â¢t high expectations at my previous school of good writing techniques and correct uses of writing tools. During the course of this semester I became a stronger writer and well prepared for the rest of my college career here at Pacific Lutheran University by improving my vocabulary, being more descriptive and altering my writing process to be more successful. The Writing 101 assignment that I have chosen best demonstrates my progress as a writer is our Personal Narrative Essay. Though this was ourRead MorePublic Speaking Speech925 Words à |à 4 PagesEach speech throughout public speaking was delivered by the use of unique speaking styles and techniques. I felt the speeches delivered- personal narrative, redefinition, advocacy, and commemorative- built on each other. This allowed myself as well as other students to effectively use old speaking techniques while learning to adapt new techniques. The goal of these various speaking techniques was to keep the attention of the audience while trying to get the overall message of the speech across. AlthoughRead MoreMy First Time Making A Career Goal1516 Words à |à 7 Pagesand most importantly, I learned how to improve my writing skills and how this course changed my perception of English and apply it in the future. I have gained so much knowledge about writing in this class and it made a gr eat impact on my skills. These lessons I have learned in this class has been very beneficial and I will carry these lessons in the future. The first essay we did in this course is about narrative essay and the topic I had chosen was my first time making a career goal. There are many
Saturday, December 28, 2019
The Adoption Of International Financial Reporting Standards
The adoption of International Financial Reporting Standards [IFRSs] around the world has motivated empirical research that examines the effects it has on the accounting information. There is a visible contrast in these studies due to the use of various elements such as difference of researched countries, analysis periods, distinctive research design and reporting heterogeneous findings. Besides, there is also limited evidence of how the mandatory IFRS adoption affected the financial statements. Hence, this study provides comparative findings on the impact of IFRS adoption on the value relevance of reported accounting information in the UK. The purpose of this study is to advance the accounting value relevance research through a moreâ⬠¦show more contentâ⬠¦We find mixed evidence of an increase in value relevance. Ohlson 1995 linear valuation model was used to analyse the assumption about the association between market value, earnings and book value of equity. Simultaneously the statistical significance of differences between UK GAAP-based ratios and IFRS-based ratios was tested using non-parametric Wilcoxon Signed-Rank test. The results presented that the influence of earnings on share price and book value of equity increased following the introduction of IFRS the United Kingdom. Moreover, the profitability ratios increased whereas the Price/Earnings Ratio decreased considerably. 1.1 Preamble The main purpose of financial reporting is to deliver transparent financial information regarding a company to the investors and general public. The financial crisis of 2008 had shown that absence of transparency in the financial statements may have an adverse effect on investor confidence. High quality accounting information is an essential criterion for well- functioning economy as investors rely on this information for investment purposes. Value relevance is thus one of the basic attributes of accounting quality. (Francis et al. 2004) ââ¬Å"Something is value relevant only if the value reflects information relevant to an investor when the investor is valuing the company
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