Social Cognitive Theory Is The View That People Learn By...

Social cognitive theory is the view that people learn by watching others. In psychology, it explains personality in terms of how a person thinks about and responds to one s social environment. For example, in the 1960s Albert Bandura (a pioneer in social cognitive theory) argued that when people see someone else awarded for behavior, they tend to behave the same way to attain an award. People are also more likely to imitate those with whom they identify. Bandura famously illustrated social learning by showing children a video of a girl punching a doll; presented later with a doll, the children behaved in similarly aggressive ways. Not all learning is acted upon; for example, one might learn to hunt by observing others yet never†¦show more content†¦Bandura suggests in the preface: â€Å"Much contemporary theorizing depicts people as on looking hosts of internal mechanisms or orchestrated by external events. They are stripped of any agency. People are proactive, aspiring org anisms who have a hand in shaping their own lives and the social systems that organize, guide and regulate the affairs of their society (Bandura, 1997). He also suggests teachers’ beliefs and how their teaching or instructional efficacy contributes to students’ determination of their own personal intellectual capabilities. Applying this theory will benefit the classroom environment with student growth and development. â€Å"Through the use of self-efficacy and self-regulation, Bandura actively involves the learner in the educational process†. It can help improve the amount of time a student is paying attention to a subject which allows a teacher to dive into effective teaching strategies. While teaching an addition problem, a teacher can write it on the board, show each step and complete the problem while the children are observing then the children will complete their math worksheet with the method they were taught. This theory can also create a desire for a student to seek intrinsic motivators, which benefits growth in maturity, and confidence. This will require an individual the time to think through a response when they desire a higher level of personal reward. In a classroom, role playing with the students to model behavior that isShow MoreRelatedEssay on Educational Psychology1169 Words à ‚  |  5 PagesPsychology can be explained several ways. The idea is to study theories and concepts from different parts of psychology and apply them in educational settings. These educational settings may occur in different school settings such as preschool. The goal of educational psychology is to create a positive student-teacher relationship. 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Nairobi Securities Exchange Free Essays

string(419) " factors that influence extent of voluntary disclosures with few on the effect of voluntary disclosure on the cost of equity capital on firms listed in NSE, the motivation of this research is developed by the fact that majority of past research have given conflicting arguments creating a dilemma that necessitates further research on the effect of voluntary disclosure on the cost of equity capital of firms in Kenya\." Investors use earning information to calculate the level of cost of equity capital. The cost of equity for a firm is computed by adding up the risk free rate and a premium for exposure to systematic risk as follows: Cost of equity = Risk-free rate + (risk measure) x (Market risk premium) 1.4 Nairobi Securities Exchange The Nairobi Securities Exchange offers a trading platform for both the local and international investors who are looking to gain exposure to Kenya and Africa’s economic growth. We will write a custom essay sample on Nairobi Securities Exchange or any similar topic only for you Order Now NSE play a critical role in the growth of Kenya’s economy by encouraging savings and investment by helping local and international companies access cost-effective capital. NSE is regulated by the Capital Markets Authority of Kenya. CMA approves public listing and fosters investor’s confidence by ensuring rules, regulations and requirements for trade are complied with and market integrity is sustained in order to guarantee orderly, fair and efficient markets (CMA, 2016). CMA retains investor’s confidence by ensuring rules, regulations and requirements for trade are complied with and market integrity is maintained. CMA also plays an important responsibility of mobilization and allocation of capital resources in the economy in order to provide incentives for long term investments (NSE, 2016) In Kenya, listed firms are required to produce quarterly, semi-financial statements and audited annual reports. Financial statements are prepared according to International Financial Reporting Standards (IFRS) and audited using International Standards on Auditing (ISA). The CMA guidelines encourage firms to disclose additional information on director and management remuneration (CMA, 2016). The performance of the NSE is an indication as to whether the investors have trust in the safety of their investment, trading goes down significantly with low investor’s confidence.NSE is categorized into three different market segments namely the Main Investment Markets (MIMS), the Alternative Investment Markets (AIMS) and the Fixed Income Securities Market Segment (FISMS). According to CMA (2017) as at December 2017, listed companies at the NSE were 64, categorized into 11 sectors namely: Agricultural sectors, Automobiles and Accessories sector, Banking sector, Commercial and Services sector, Construction and Allied sector, Energy and Petroleum sector, Insurance sector, Investment sectors, Manufacturing and Allied sector, Telecommunication and Technology sector and Growth and Enterprise Market Segment sector Banking sector is the largest sector represented with 18% of the total firms listed at the NSE, second is commercial and Services sector and Manufacturing and Allied with 15% each, Agricultural sector which is one of the country major economic sector is represented by 11% of the total firms quoted. Telecommunication and Technology and Growth and Enterprises Market sectors were the lowest each with 2% of the total firms quoted. Through NSE, disclosures have had an impact on how investors trade, when the level of disclosure is high, investors confidence increases hence higher level of trading. The CMA guidelines encourage firms to disclose additional information on director and management remuneration (CMA, 2016). The performance of the NSE is an indication as to whether the investors have trust in the safety of their investment, trading goes down significantly with low investor’s confidence.1.5 Statement of the Problem Inherent shortcomings of traditional reporting have prompted development of voluntary disclosure models. Transparency and disclosure creates and sustains confidence of investors, stakeholders and the winder society and provides opportunity for continuous improvement of business structure and processes. Corporate governance is currently an area broadly being researched on by many scholars, due to increased application of corporate governance practices all over the world after major corporate scandals due to lack or improper disclosure. This study targets one pillar of corporate governance on the cost of equity capital, which is voluntary disclosure. Disclosed information provides a signal with an aim of revealing the state of a company to the investors for consideration in investment activities. Information has important and vital role, information should be understandable, complete, accurate, timely and reliable (Fahdiansyah, 2013). Information is considered informative if it is relevant and can change stakeholder’s belief and gives confidence to investors. Annual reports are important tools in communicating essential information about a company both financial and non financial information (Barako, 2007). The key drivers of corporate value in critical areas of the business are not reported under the traditional accounting model, as such theorist and researchers have begun to develop models for additional voluntary information disclosure. The concept of voluntary disclosure has been growing given the needs to keep with the clients expectations. Investors and clients have challenged companies on the need to provide more than what is required by the law and regulations. In Kenya, investors obtain essential information regarding trading activities of listed companies in NSE through their annual reports and other bulletins from CMA. Studies done in Kenya context include a study Mwangi and Mwiti (2015) investigated the impact of voluntary disclosure on stock performance, Mutiva (2015) examined the effect of voluntary disclosures on financial performance of firms quoted at NSE, Lopokoiyit (2012) investigated the effect of the corporate governance practices on share prices of companies listed at the NSE, these studies found a direct relationship between voluntary disclosure and company performance. Study by Asava (2013) investigated the effect of voluntary disclosure on stock returns of listed companies, her study reveals that there was no correlation between voluntary disclosure and stock returns. Barako (2007) in his study of determinants of voluntary disclosure in Kenyan listed company’s’ annual reports, observed that companies cannot link their board disclosure, foreign ownership and firm size significantly affect financial performance. Studies by Diamond and Verrecchia (1991), Botoan (1997), Hail (2002), Botosan and Plumlee (2002), Richard and welker (2001) and Lopes and Alencar (2008), shows a negative association between voluntary disclosure and the cost of equity capital using direct approach. However these studies were done in developed economies with few studies done in the context of developing nations, these studies tested the association between voluntary disclosure and several aspects such as profitability (Verracchia and Webber, 2006) stock liquidity. However most of these literatures are leaning more on factors that influence the extent of voluntary disclosure. Literatures from previous studies conducted locally have skewed more to factors that influence extent of voluntary disclosures with few on the effect of voluntary disclosure on the cost of equity capital on firms listed in NSE, the motivation of this research is developed by the fact that majority of past research have given conflicting arguments creating a dilemma that necessitates further research on the effect of voluntary disclosure on the cost of equity capital of firms in Kenya. You read "Nairobi Securities Exchange" in category "Papers" 1.6 Objective of the study The general objective of this study is to examine the effects of voluntary disclosure on the cost of equity of capital. The following are the specific objectives.i). To examine the effect of forward-looking information voluntary disclosure on the cost of equity capital.ii). To determine the effect of financial information voluntary disclosure on the cost of equity capital.iii). To evaluate the effect of corporate social responsibility information voluntary disclosure on the cost of equity capital. iv). To establish the effect of Board information voluntary disclosure on the cost of equity capital. 1.7 Research question The study will be guided by the following research questions.i. What if the effect of forward-looking information disclosure on the cost of equity capital?ii. What is the effect of financial information disclosure on the cost of equity capital? iii. What is the effect of Corporate Social Responsibility information disclosure on the cost of equity capital? iv. What is the effect of Board Size information disclosure on the cost of equity capital? 1.8 Significance of the study Voluntary disclosures provide an extra way for investors to judge a company’s performance. This study will therefore enable the investors to make better investment decisions and better capital allocations. It will also emphasize on increased transparency which reduces information asymmetry that may exist between the investors and the management team. This study will likewise extend the literature on voluntary disclosure to academicians. The study will also help listed and unlisted companies in Kenya in understanding the role of voluntary disclosure in the management of their firms with aim to reduce cost of its equity capital. CHAPTER TWO LITERATURE REVIEW 2.1 IntroductionsThis chapter introduces theories that explain the subject of voluntary disclosure and past empirical studies relating to the variables under the study.2.2 Theoretical ReviewReporting and disclosure are the most important tools that companies use to communicate with interest-related parties. Several theories have been documented to relate voluntary disclosure. They are Agency theory, Capital Need theory, Signaling theory and Stakeholder theory. Literature review presents theories about the subject of voluntary disclosure. 2.2.1 Agency TheoryAgency theory was developed by Jensen and Meckling in 1976 who defined agency relationship as a contract under which one or more persons delegate decision making authority to another person to perform some services on their behalf. Agency theory explores the relationship between a principal and an agent. In the context of a company, the manager (agent) acts on behalf of the shareholder (Principal). Company owners empower managers to make decisions on their behalf. Shareholders do not actively participate in the management of their investments instead they engage managers to act on their behalf. This makes managers have information advantage hence creating incentive to maximize their own value as opposed to that of the shareholders. Scott (2012) stated that the application of agency theory is used to explain the conflict of interest between managers and investors. The agency problem arises due to conflict of interest between the investors and management because their goals are not in agreement. Agency theory is concerned with solving two problems arising in the agency relationship: an agency problem arises when there is a conflict between the goals of the principal and that of the agent making it difficult for the principal to accurately evaluate and determine the value of decision made by the agent. Secondly problem of risk sharing arising from diverse attitude of the principal and the agent towards risk, the problem is each tends to select a different action when the risk happens (Depoers, 2000). One way in which agency problem can be minimized is by means of contract, it helps in bringing shareholders interest in line with managers’ interests (Healy and Palepu, 2001).These contracts require management to disclose relevant information to investors and to creditors. Consequently principal can check if the management complied with the contract agreements and evaluate if their decisions are in alliance with their interest, monitoring managers by mean of contract comes with a cost at the expense of manager’s compensation and in order to reduce any potential conflict, principals incur monitoring costs while agents incur bonding costs which guarantees the interest of the principal is prioritized. Agency costs are the total of monitoring costs, bonding costs and residual loss. According to agency theory, disclosing information voluntary is viewed as a better mechanism of mitigating the agency problem between the agents and principals (Hawashe, 2014). Managers who posses private information about a firm are able to use their information they posses to make credible and reliable communication to interested parties to optimize the value of the firm (Barako, 2007), these disclosure may include investment opportunity and financing policy of a company, however managers who pursue their own interest may fail to make proper information disclosure. Managers increases the level of voluntary information which is expected to reduce the agency cost (Barako et al., 2006) and also to convince the external users that managers are acting in an optimal way (Watson et al., 2002). OCED (2004) states that a strong disclosure policy is one of the expected monitoring forms that is useful as a basis of adequate information for investment decision making by investors. 2.2.2 Capital Need TheoryThe main aim any company is to attract external finance to increase their capital either through debt or equity, however companies are disclosing more information voluntary as a measures of minimizing costs of raising its capital. The capital need theory can help to explain the reasons behind the disclosure How to cite Nairobi Securities Exchange, Papers

Locards principle free essay sample

Locard’s principle, the basic principle of forensic science, was formulated by Dr. Edmond Locard. Dr. Edmond Locard believes and states â€Å"Every contact leaves a trace†, meaning whatever is touched, left behind or approached will serve as factual evidence against a person and only can that evidence be failed is by the lack of human effort by failing to study and understand it. The Locard’s exchange principle believes no matter what a criminal does or where a criminal goes, simply by coming in contact with anything, a criminal is capable of leaving many different sorts of criminal evidence for investigators to gather and collect. Having said this, different sorts of evidence can include, fingerprints, footprints, DNA, hair, bodily fluids, skin cells, blood, clothing, fibers, etc. Though many different types of evidence can be investigated and found at a crime scene, it is extremely common that when a criminal leaves the location in where a crime has been committed, that criminal will most likely take away something such as evidence from the scene with them. We will write a custom essay sample on Locards principle or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Trace evidence is clear and factual physical evidence, which most importantly, cannot lie, be forgotten and be cannot be wrong. As Paul L. Kirk expressed and explains Locard’s exchange principle, Paul L. Kirk states â€Å"Trace evidence (physical materials) is a silent witness that speaks when humans cannot†. An example of Locard’s exchange principle can be viewed as the following, a person enters another person’s home and strangles that person to death. The person who strangled and committed this crime has now most likely left footprints and other evidence at the scene of the crime. When police, detectives, investigators, etc†¦ have located and found that suspect involved this this crime, you find the victims skin cells under the suspects fingernails, the case has now been solved because that criminal has taken away evidence from the scene with them. The importance of this principle from the perspective of a criminal investigator at different scenes of crimes is because when criminal activity or a crime has been committed, the importance and main goal of a criminal investigator is to document and collect evidence from and at the crime scene and also anyone or anything that has interfered or come in contact with the crime scene. It is important that a criminal investigator recognizes every possible aspect done or leading up to the event because it is mandatory that criminal investigators have the skill and ability to solve and put together all collections of evidence in order to create and conclude an image of what could have possibly happened. It is extremely important that procedures are done correctly and professionally because evidence collected serves to prove or disprove something, meaning, evidence can determine ones innocents or guilt. Without evidence, there is no proof.

Free Essays on Role Of Women In Relation To Mill On The Floss

The role of women in society is very different today compared to the role of women in Victorian society, in the 19th Century. Discuss this statement with reference to Maggie Tulliver in ‘Mill On The Floss’ Since the book ‘Mill on The Floss’ was written nearly two hundred years ago, it is no surprise that society has changed, especially for women. The fact that Mary Anne Evans had to use a pen name of ‘George Eliot’ as she was a woman and her works would not have been published otherwise, shows alone what the attitudes towards women were, that of sheer insignificance in the country and in the social circle. In Britain today women stand side by side with men, in the struggle for Independence, and are playing a key role in the search for a lasting peace and consolidated democracy for the country. Dramatic changes came mainly with women appearing in parliament, receiving the right to vote that is equal to that of a man. Women had scored some social victories as well, particularly the Law on Maternity, which provides for family planning, the recognition of consensual union as equivalent to marriage, equality of children whether born to a wedded or unwedded couple, and a cabinet office to promote women's development. Little by little the myth according to which women had to stay at home to carry out their "natural mission" of raising children, bearing children, and serving as an instrument of pleasure is dying out. Even though in small numbers, women began to be seen in some professions, up till then deemed "male," as they dared to enter careers such as law or transport, breaking down barriers, taboos, and prejudices. However these changes in attitudes towards women have not been shared across the world, countries such as Afghanistan still treat women with little or any respect and authority. Women were extremely restricted in the 19th Century. Maggie Tulliver shows this in the Novel of Mill on the floss. Maggie is ... Free Essays on Role Of Women In Relation To Mill On The Floss Free Essays on Role Of Women In Relation To Mill On The Floss The role of women in society is very different today compared to the role of women in Victorian society, in the 19th Century. Discuss this statement with reference to Maggie Tulliver in ‘Mill On The Floss’ Since the book ‘Mill on The Floss’ was written nearly two hundred years ago, it is no surprise that society has changed, especially for women. The fact that Mary Anne Evans had to use a pen name of ‘George Eliot’ as she was a woman and her works would not have been published otherwise, shows alone what the attitudes towards women were, that of sheer insignificance in the country and in the social circle. In Britain today women stand side by side with men, in the struggle for Independence, and are playing a key role in the search for a lasting peace and consolidated democracy for the country. Dramatic changes came mainly with women appearing in parliament, receiving the right to vote that is equal to that of a man. Women had scored some social victories as well, particularly the Law on Maternity, which provides for family planning, the recognition of consensual union as equivalent to marriage, equality of children whether born to a wedded or unwedded couple, and a cabinet office to promote women's development. Little by little the myth according to which women had to stay at home to carry out their "natural mission" of raising children, bearing children, and serving as an instrument of pleasure is dying out. Even though in small numbers, women began to be seen in some professions, up till then deemed "male," as they dared to enter careers such as law or transport, breaking down barriers, taboos, and prejudices. However these changes in attitudes towards women have not been shared across the world, countries such as Afghanistan still treat women with little or any respect and authority. Women were extremely restricted in the 19th Century. Maggie Tulliver shows this in the Novel of Mill on the floss. Maggie is ...

7 Fun Challenges to Hold During Your 2016 Office Olympics

7 Fun Challenges to Hold During Your 2016 Office Olympics Olympic fever, 2016 edition, has set in. And although you’d rather be sitting on your couch watching round-the-clock streams of water polo and steeplechase, there’s the pesky fact that unlike Bob Costas, you’re not paid to live, breathe, and eat Olympics for the next few weeks. So you need to go to work- but that doesn’t necessarily mean you need to leave all things Olympic behind. Here are some Olympic events you can host at work, until you can get home and watch the USA basketball team humiliate some tiny nation that doesn’t have an NBA-packed roster.1. Competitive Chair SwivelHow many times can you spin without your feet touching the ground?2. Synchronized Stair WalkingIt builds teamwork![via Giphy]3. The 100M Freestyle Hallway SwimEat your heart out, Michael Phelps.4. Lobby GymnasticsBe sure to stick the landing! [via Tumblr]5. Cubicle HurdlesMaybe don’t do this one without a doctor present, or if your company has policies against, uh, da ngerous activities.6. Water Cooler Clean-and-JerkHow much can you lift without getting your shoes wet? [via Tumblr]7. Parking Lot MarathonGet ready for 26.2 meters of glory. [via USAFTW]The Closing CeremonyDon’t leave it out–pageantry is important! [via fanpop]

3 QUESTIONS IN CRIMINAL JUSTICE and deviance Coursework - 3

3 QUESTIONS IN CRIMINAL JUSTICE and deviance - Coursework Example When individuals are aware of uncertainties, they can design techniques to protect themselves (Briggs & Friedman, 2009). The desire to acquire substantial material wealth has lead many Americans achieve success through fraud and force, which has been considered smart for many years (Simon, 2008). Therefore, the American culture has assigned significant social importance to the formation of gangsters, which are aimed at robbing other people of their properties. It is apparent that the American Dream encourages deviance in the United States society. The American society is considered as comprised of two different populations. One of the two populations is made up of criminals, while the other population is made up of law-abiding individuals (Simon, 2008). The American elites served as role models to average individuals in the society. Therefore, elite deviance has influenced the non-elites to engage in criminal activities without any feeling of guilty (Simon, 2008). According to elite deviance, it is necessary for individuals to engage in criminal activities when they get an opportunity to do so (Briggs & Friedman, 2009). Inter-organizational cooperation has been involved by the elite deviance for a number of years to perform unethical and illegal acts, such as money laundering (Simon, 2008). Both non-elite and elite deviance are expected to be higher when there is more emphasis on the values that are related to the American Dream than when the culture focuses on values such as team work, spirituality, and community (Simon, 200 8). Thio, Calhoun, & Conyers (2008) define privileged deviance as a very profitable deviance that involved privileged individuals, especially those people who are relatively powerful, well educated, or wealthy. Such individuals take advantage of their high ranks and divert lots of wealth to their bank accounts as well as fund their own projects. Privileged individuals engage themselves in criminal

Language and global climate Essay Example | Topics and Well Written Essays - 1250 words

Language and global climate - Essay Example The essay seeks to answer the question whether and how language can influence global climate change. Ideally, this essay details how language can affect global climate change in the modern society. By showing how a shift in our language use can influence global climate change, the essay will confirm that language plays a significant role in addressing global climate change. Language is one of the controversial aspects that address affect global climate change. Indeed, language forms an important part of our culture and perceptions about specific natural factors. As such, an effective change in how we use our language would have a direct impact on our views about global climate change. Notably, a shift in language use towards a more animistic sensibility would enhance our awareness of and connection to nature. This would have a direct effect on global climate since increased awareness would encourage us to value the global climate and adopt mechanisms that would control global climate change. Moreover, the awareness and connection to nature would help us to understand various aspects that may foster global climate change and hence derives fundamental knowledge on how to prevent global climate change. As such, global societies can influence global climate change by shifting their language to sensibility that is more animistic. Moreover, it is evident that by writing our language down, we can encourage the society to think about various aspects like global climate (Snyder 95-97). It is through talking and reading that the society gets an opportunity to think about various societal aspects like global climate. For example, writing articles about global climate change using a clear, understandable, and effective language motivates the audience to read and think about the subject, which derives subtle knowledge on the effects and measures of curbing global climate change. However, it is true that different