Response Paper Guidelines Essay Example | Topics and Well Written Essays - 500 words

Response Paper Guidelines - Essay Example In the opening section of the article, Fitzhugh maintains that he established a quarterly journal in 1987 in order to help other students and teachers measure the outcomes of education. Thus, the journal, The Concord Review, offers the students a chance to publish the exemplary high school history essays. Another forum founded by Fitzhugh, the National Writing Board was concerned with providing an independent assessment of high school research papers and he maintains that the students of history have made good use of it. In the following sections of the article, the author recounts the nature of students’ term papers, and the significance and consequences of writing such papers, etc. He also suggests the various ‘forces’ or hazards that dumb down writing and nonfiction reading in the high schools. According to Fitzhugh, the encouragement and publicity given to serious nonfiction academic writing are not sufficient and the endeavors such as The Concord Review are n ot able to survive due to ‘very little money and few subscribers’.

Deception in Psychological research Essay Example for Free

Deception in Psychological research Essay Deception in psychological research usually entails tricking people so that the researchers can get the answers they need or ascertain why things happen the way they do. There are many controversial topics in psychology and all of them seek to explain the things in our environment and people’s behavior. One of these controversial topics is hypnosis usage under cognitive psychology. Hypnosis is a good way of assisting in repressed memories. It has assisted many people in therapeutic procedures but its effectiveness is sometimes questionable by others. Hypnosis as a way of facilitating repressed memories Hypnosis is a form of Recovered Memory Therapy that helps a person with memory relapse to recall information that they cannot remember. A person does not necessarily mean that someone is asleep. Therefore it is a state between being awake and asleep. Trances serve as an example of hypnotic functions. Though they serve similar purposes, trances need to be differentiated from hypnosis because they are done deliberately as used in clinical procedures to help people with memory loss or lapses to regain them. The sympathetic nervous system controls arousals while the parasympathetic nervous system relaxation. These two systems do not function at the same time. When people are in the hypnotic state, they give up their consciousness and accept the inner truth (Richard, 1998). A person can undergo a deep trance where a person or the hypnotist facilitates the process or a lighter trance referred to as self hypnosis which individuals can create by themselves. This is where a person creates their own visual memory via meditation, listening to soft music or some other ways while maintaining a certain level of consciousness. Negative hypnosis occurs when people are easily influenced by what others say and the things they are exposed to. If people are told that they are not able to do certain things and they believe in such comments, then there is a likely hood that they will not accomplish they thing they have been discouraged. This is what constitutes the negative hypnotic state. Therefore, hypnosis is about expectations. If a person has positive expectations, then they can achieve any thing that they set for themselves but if they are negative, they are more likely to fail at whatever they decide on. Health care practitioners can therefore enhance the well being of their patients by assisting them in increasing their positive expectations. Hypnosis is important in helping sick with psychogenic amnesia or people who have lost their blocked certain memories as a result of traumatic experiences. It has been seen to work well for such patients. Research has shown some cases like child sexual as well as physical abuse can be forgotten. Likewise, evidence of recovery of the memories has also been shown (APA, 2001). At first, when the memory is being got, it presents itself in bits and pieces therefore more sessions with the person have to be conducted so as to help in recovering the memory. Traumatic memories often present themselves in a different manner than ordinary experiences. This is because this form of extreme information can interfere with other brain functions. Studies have suggested that traumatic memories that have been recalled are just as accurate as the traumatic memories that have been forgotten. Case study To examine whether hypnosis is an effective way of facilitating repressed memories, a study was conducted by Widom and Morris in 1998. The study included 23 adults; 12 females and 11 males who had been exposed to childhood abuse experiences and had repressed memory lapse in over 15 years. This group underwent hypnotic therapy for a period of three months (Widom Morris, 1998). From the study, it was seen that the there is a difference in the way of recalling events between the women and the men. The women were willing to share the little pieces of information that they could recall but the men were not. This influenced the hypnotic procedures because little memory was collected on most of the males as compared to the women. As the sessions progressed, there were slight improvements in memory and this can be attributed to the intense impact of the traumatic experiences on the victims as was seem from those who managed to get some of their memory back. At the end of the study period, 53% of the women and 42% of the men had recovered their memory and were satisfied that it as true. A quarter of those studied who managed to get their memory back had rejected their results saying that they may be false while the remaining never really got their memory back but said that so far they were pleased with their lives and would not engage in any other tests. From the study, we can say that hypnosis does work and can help people regain the memory they have lost. As the process was underway, most of the patients had a positive change in their personality as they said that they were more engaged in community activities as they were encouraged by the test takers. At the end of the study period, approximately half of the patients had got their memory back and this shows that if the procedures are done well and for a longer period, then people with previous traumatic incidents that need recovery can gain their memory back. About 25% of the individuals said that they usually kept to them selves and this can be a contributing factor as they do not trust the therapists to help them recover the memory. Various studies have also shown that events in a person’s life influence their behavior as well as interpersonal relations with others. From the above case, the unwillingness of some clients to share basic information limited the process. Some of those who refused said that as much as they wanted to get their memories back, said that it would probably affect them in a negative way. If they did, the numbers would have definitely increased. â€Å"There is conflict between the in formation a person wants to know and what they would like to forget all together. Some people may remember too much too little and this may be good or bad depending on the context they are presented (Herman, 1995). † Nowadays, some people feel that there are not enough scientific research studies to back up the credibility of the various research memories. Others continue to say that one cannot completely tell whether the results got are true or of they are based on what the hypnotist has been telling them. Even when the patient who agrees that the memory that they got was false, their condition can be worse when they suffer Post traumatic Stress Disorder. Some fear the use of hypnotic procedures on children because it would affect them psychologically and this is not helping in improving their situation. †This kind of therapy confuses the mind as a person cannot tell the difference between what is real and imaginative and this has further contributed to the destruction of families (Rivera, 1993). † In addition, they can deny certain memories because of guilt, the need to protect their families or may be reacting according to the stress levels they have been exposed to. The False Memory syndrome Association says that they have a lot of cases that are taken to court have shown that that some therapists are liars as they implant false memories on their patients (Thierry Spence, 2004). With the increase in such cases, some judges refuse getting evidence that has been recovered through hypnotic procedures. â€Å"Such methods of treatment have therefore also not been fully accepted in science as well as psychology (Schacter, 1996). † In 1997, according to the U. S bureau of Justice statistics report on a survey of female inmates in jail, it was found that 36% of them had been abused when they were young and one third of them has been raped they were imprisoned. And further 16 case studies on child abused individuals for comparison was undertaken and it showed that about 15% of them were abused as children. This shows that as much as the experiences can be traumatic, not all of them are forgotten and if, they have been suppressed by the individual but they can be retrieved if proper therapy is used. Individuals can recollect a few things and these bits are necessary in the formation of the bigger picture. The few loopholes in research should not be a foundation for dismissing hypnosis in retrieving repressed memories. People have had serious accidents and this form of therapy has helped some who medication did not help in regaining their memories back. Hypnosis therapy is a powerful mechanism as it enables people to regain memories that they thought they could never regain as well as achieve certain goals they have set for themselves. â€Å"This power and acceptance of hypnosis as a form of therapy is due to the fact that it deals with capabilities which appear to be beyond normal activities (Hopper van der Kolk, 2001). † Moreover, it gives people power to discover their inner being and stop actions such as smoking, drinking and other forms if addictions. Hypnosis also serves as a motivation for people’s engagement in physical activities and aids in reducing stress. This kind of therapy is helping in treating illnesses and certain disorders (De Vos Louw, 2008). Hypnosis is also used as a form of therapy in children as a form of helping in changing their behavior and assisting in improving their health. In addition, hypnosis enhances personality enrichment by improving people’s self esteems, self confidence such that they get the courage to speak out in public when initially they could not. â€Å"Weight loss motivation, healthy eating and exercise, better sleep for people with seeing disorders, controlling anger, and controlling peoples fears among other things (Thierry Spence, 2004). † Reliability and Validity of Research The study was reliable because the results indicated the specific responses of the individuals and since the study sample was small, it was easier to monitor individual progress. This would not have been the case if it were a larger number. Those individuals who were found out to have been sexually abused when they were young said that that was a possibility and most knew the individuals further proving that the results were reliable and valid. In addition, the individuals all showed up for the sessions as required therefore the lack of memory recovery could not be attributed to not attending the sessions. On top of these, no form of biasness was seen as the procedures were made as standard as possible and all variables that needed to be controlled were checked. Conclusion Hypnosis therapy usage is acceptable in society has it has helped a lot of people in more than one way especially in facilitating repressed memories. After all, the main goal of the procedure is to assist in the well being of a person. These form of therapy needs to be supported in increasing its evidentiary weight such that these memories can be used as evidence in the courts of law. Clinicians as well as psychotherapists therefore need to be skilled in this area for them to be able to properly guide the procedure so that the clients can get true memories which are part o their whole being and without them they are not complete. References American Psychological Association (APA) 2001. Understanding Child Sexual Abuse Rivera, Joseph. Trauma searches plant the seed of imagined misery, The Sacramento Bee, May 18, 1993. Herman, J. L. (1995). Crime and memory. Bulletin of the American Academy of Psychiatry and the Law, 23, 5-17. H. M. De Vos and D. A. Louw (2008). Hypnosis-induced mental training programmes as a strategy to improve the self-concept of students Vol. 57, No. 2, Higher education journal 2008 Hopper, J. W. , van der Kolk, B. A. (2001). Retrieving, Assessing, and Classifying Traumatic Memories. Journal of Aggression, Maltreatment, Trauma, 4, 33-71; and Freyd, J. F. , DePrince, A. P. (Editors). Trauma and Cognitive Science (pp. 33-71). Binghamton, NY: Haworth Press. Richard, S. C. July 1, (1998). The magic of hypnosis: is it childs play? The Journal of Psychology Schacter, Daniel L. (1996). Searching for Memory the brain, the mind, and the past. New York, Basic Books. Thierry, KL, Spence MJ (2004). Contemporary hypnosis Widom, C. S. Morris, S. (1998). Adult recollections of childhood victimization: Childhood sexual abuse. Psychological Assessment, 8, 412-421.

Asian American Essay -- essays research papers

The American Community in the 1900’s to the 1920’s was in fact a totally different generation than its successor not only because of cultural and economic reasons but also because of world events and the rise of technology. Americans in the early 1900’s were a closely knit generation with a sense of community, morals, and obligations. They had an "instilled" set of ideals and values and their lives were very much affected by the rise of technology. Living in America in the early part of the 1900’s was a hard and trying era through such turbulent times as the Great Depression, World War I, and the Industrial Revolution. Such profound and important events happened in a relatively short amount of time. Americans were searching for an identity for their country which was still only less than 200 years old. Big Industry was on the rise slowly and Americans were starting to contend in the growing world market. Throughout American history, people have fought for equality in any shape or form and the mid 1900’s was no exception. Having gone through leaps and bounds in terms of civil rights. The 1920’s to the 1940’s was a transitional period for all Americans and minority groups. During this period of American history, America was one of the most modern countries in the world but still...

Einstein- A Life in Science

This critical account, addresses the life of Albert Einstein, surrounding his remarkable scientific discoveries, unwrapped by the authors Michael White and John Gribbin in a book published in 1993. The book has evoked and attracted great interest from magazines and newspapers. If you have ever wondered what `E=mcà ¯Ã‚ ¿Ã‚ ½` means, this is definitely the book for you. The book elaborates one of Einstein's most renowned theories, that of Quantum physics for which he received the infamous Nobel Prize. Einstein used to be a Patent Officer, which he enjoyed because he had a great deal of spare time to accomplish his scientific work. He died on the eighteenth of April 1955. His brain was removed for medical research, which you would find astonishing as it makes one think, would Einstein have really wanted his brain removed? The book explains the theory of relativity (E=mc2), extremely well. The theory was based on two subsequent variables: Firstly, `echoing` which as explained by Newton, was that the speed of light is the same for all observers, irrespective of what their relative speed is. If an American rocket, for example, had a physics lab on board and was launched in one direction, and the same was done with a Japanese rocket, sent off in the opposite direction, any experiments carried out on either rocket would be exactly the same. The second postulate uses Maxwell's equations, which conclude that light is constant so it is written as `c`. This led to Einstein's predictions, which were not `commonsensical.` He predicted that a moving ruler and everything around it shrinks and gets heavier, while a moving clock runs slow. If an observer sees a spaceship going past him at three-quarters of the speed of light, and another one flies in the opposite direction at the same speed, observers in either spaceship will measure the relative speed of the other spaceship as 0.96c, not 1.5c as the time slows down. This shows that the closer a person travels to the speed of light, the slower the time will get. If someone travels at the speed of light, time will stop. `E=mcà ¯Ã‚ ¿Ã‚ ½` means that energy is equal to mass at rest. When mass disappears, for example in a nuclear fission process, this amount of energy must appear in some other form. This also tells us the total energy of a particle of mass, `m`, sitting at rest. Einstein formed part of the team working on the atomic bomb. It was calculated that a vast amount of energy released in a fission reaction would be used in an atomic bomb. Einstein agreed to be the spokesman for the scientific community and sign a letter persuading Roosevelt to take action. He was later known as the father of the atomic bomb because of this. The result was devastating. This was against Einstein's pacifist views but he had no choice as the Nazis could build the bomb if the allies did not. Since then, the Americans and Russians have been racing in warfare. The atomic bomb was built by the USA. The Russians followed. It was an arms race between the Democratic and Communist world. The USA made the hydrogen bomb, Russia eventually caught up. Then the USA built the nuclear bomb. Several other countries built the nuclear bomb too. His strong pacifist views and political views also made him a marvellous person with the public. Einstein A Life in Science is an excellent book and is worth recommending to those who are curious about what `E=mcà ¯Ã‚ ¿Ã‚ ½` means. It is fascinating to learn that Einstein based his work on the remarkable achievements made by other scientists such as Newton and Maxwell. I would recommend this book to the older audience, particularly to those who have an interest in relativity and quantum physics. This is a very interesting book, which I enjoyed reading because there is a lot to learn about Einstein's life and his incredible work. One should not get put off by looking at the thickness of the book and the small print writing. Once you get into this book, you will not want to stop reading. Overall, I do not think this book explains the science very clearly. I had to read through the special theory of relativity twice before I understood the concept clearly. This book needs to be more concise so the reader can understand the concept more easily because it can be confusing at times. The language used in this book is at a high level, so the younger audience will find it hard to understand the concept. On the other hand, the variety of sentence structures stops the reader from getting bored. This book is a great example to people as the message is that if one works to their utmost potential, they can achieve a lot.

Comm essay

The council members consist of Mayor Adam Sanchez, Mayor Pro Tem Russell Beets and council members, Joe McKee, Jan Rye, and Scott Mats. Eric Johnson s a consultant with Revenue Cost Specialist; he discusses his company and matches costs with revenue. Within twenty-five years he's worked in over two hundred agencies and five different states. It started with two city managers after the passage of proposition 4 and 13, in which they saw the need for cities to be able to match up the cost with their revenues.Proposition 13 limits what can be done with taxes, compared to Proposition 4, which allows fees. â€Å"You are not going to stay in business very long if you don't know what revenues you are bringing in verses what cost you are bringing' said Johnson ruing his brief presentation. In his introduction, Eric mentioned questions such as ‘What services are being provided to the public? † Who's providing those services? † and â€Å"What does that cost? † With tha t being said he went through and made adjustments to public fees and some have gone up as well as down.Although, I am not too aware of what exactly was being discussed, these questions definitely made me think about how money is being spent. I may not be familiar with certain topics, however I do pay taxes and I should make it a priority to be involved and know exactly where my money is being invested. It's up to the city council to decide how fees are paid, but it is our tax money that is being used so it is important to be aware of these decisions. Another topic that was brought up was the mural; the public does not agree that it takes eight hours to approve a mural.The city manager Martin States the benefits, salaries, and overhead cost are included, then a staff report along with an agenda that is published by the adman assistant is sent to the commission. The city council claims it is the true cost for the current staffing that they have to process one application to go to the commission. Larry Ken has complained several times about the meeting taking to long to process a mural, as he is talking he is cut off and does not appreciate that he is being rushed as he states his concerns.The council uses the â€Å"save a pet mural† to demonstrate the steps that take place, for example sometimes a meeting with the chair is necessary and furthermore the artist themselves to discuss numbers etc. Another topic that was brought up was the cost of business license, so many people work out of their homes and many are complaining that they are not being paid due to high prices. Currently, if you do not have a business location in the city and your business is in Palm Springs and your doing landscaping in Desert Hot Springs it is double the business license fee.A city council member is concerned to whether this is reasonable and how it is being monitored. Some cities do not even require a business license, however DISH has a business license tax per ordinance. In closing, it was brought up amongst the council that city matters are better off handling administratively to avoid public hearings. As council members or mayors they eve a tendency to get over involved in city business instead of referring to staff, which would make it much easier to conduct city business.Council member McKee feels it is necessary to be friendly to the people that live there as well as the businesses. There are several things that need to be reduced such as the event fee, mural fees, and possibly get rid of the garage sales fee. However it is argued that if the garage sales fee is removed perhaps residents will try to make it and everyday event, then again it should not be a fee everyone has to pay. Business licenses need to be simplified and made a lot heaper so it will encourage people actually to get them rather than avoid them.As a city council, a policy should be made every three years compared to seven years, this is for good management and to be aware Of whe re money is being spent due to current budget issues. I'm glad we had this assignment it gave me a different perspective to how important I am as a resident. I pay taxes yet I am not even aware fatwa they are being used for, that alone is a main concern of mine. I've become more interested in what goes on in my own city, and plan to go to the next council meeting that is held.Some of the arguments that were brought up were reasonable but some also did not have enough evidence to back up their statement. It is important to do research before you speak because council members are not afraid to cut you off based on how much information that must be covered in such a short period of time. It is not in a sense to be rude, however with so much to discuss it is important to Stay on track and take more time on the bigger issues going on. As a city we should all be more involved and voice our opinions that is one of the reasons why these meetings are held to begin with.

Types of Tone in Writing Help to Set the Right Mood in Your Paper

Types of Tone in Writing Help to Set the Right Mood in Your Paper Nine Types of Tone in Writing The question if there a tone in writing and how to choose the right one may seem to be easy but the answers van be rather complex. Speaking in simple language, tone in writing is the way writer chooses particular words or word combinations in order to convey observations relevant to the discussed subject in a non-verbal manner. Tone helps to provide facts with a certain attitude using emotions and writer’s personal perspective. It helps to create a unique atmosphere. Usually writer uses the tone interchangeably. Types of tone in writing are different. The voice of a writer refers to their personality perspective. Writers use the tone with an aim to convey their personal attitude regarding the topic they write about. In case a writer combines the tone together with the voice, it can be considered a particular writing style; and the writer has a full right to call it his own unique style. Popular Nine Types of Tone in Writing Any attitude, emotion, or perspective can be considered a basis for a particular writing tone. If a writer is willing to come up with an adjective, it can be considered a tone. In other words, if you perceive the tone as something specific, you will be willing to use an infinite number of them. Of course it seems too complex to start creating your own types of tone. That is why writing tones have been divided into nine main types. Below you will be able to get to know about them in more detail. Joyful tome. When you choose it, you need to focus on good emotions. When you drink or eat something that you enjoy, you feel happy. When you are overwhelmed with love, you feel happy. Writers apply this writing tone In order to describe the happy feelings and create positive experience between their characters and readers. Serious tone. Writers create a certain level of suspense within their reader when they use this tone. It helps to increase readers’ focus and perceive the text with all seriousness. Humorous tone. This tone does more than just making readers laugh. Sometimes, humorous tone is use to make people contemplate about complex subjects in a safe way. Usually writers draw their readers into a particular story with the aim of engaging them with facts or points of view that seem to be important for the writer. Sad writing tone. People feel sad sometime. This feeling is inevitable for us. Most often, sad moments help to define who you are. Sad tone in writing helps readers to remain engaged with the story because of the felling of sympathy. Formal tone.It is used in academic writing in most case. Structural language as well as facts are used in this tone. Usually personal opinion is not required in format tone. Informal tone. The main objective of this tone is to remain informal. This tone can be conversational. Optimistic tone. Despite of all bad things that occur on a daily basis some people tend to think positive. The above statement can be an example of positive writing tone. Pessimistic tone. All bad things that people experience in their life do not make them think that something will change for better. This statement is a good example of pessimistic tone in writing. Horror tone. It is threatening in its very nature. It addresses all people’s fears and makes them face their scariest thoughts. Now you know everything about nine writing tones. However, it does not mean that you need to use only them. You are free to create your own tones and develop them. You cannot describe a character who is optimistic all the time because it will not look realistic. Remain flexible and use different tones in writing. You should also remember that the book, the narrative or a short story should have its general tone. If you overuse different tones in one writing, the reader may get confused and he/she will simply fail to understand what you want to explain. So, be careful with the writing tones. That is why it is crucial to get acquainted with writing tones prior you decide to start writing your story or novel. When you choose the appropriate style and tone of writing, it will be easier for you to communicate with the potential reader. You will convey everything you want with ease and the reader will feel the connection with the characters.

Cash payment made on quarterly or semi-annual basic by company to its shareholders. The WritePass Journal

Cash payment made on quarterly or semi-annual basic by company to its shareholders. Cash payment made on quarterly or semi-annual basic by company to its shareholders. IntroductionIs the company’s dividend policy irrelevant to its market value?Bird-in-the-handReferenceRelated Introduction A dividend is a distribution of after-tax profit. It is a cash payment made on quarterly or semi-annual basic by company to its shareholders. At the end of the each financial year every company has to decide (dividend decision) how much amount of earning to be retained by the company and how much amount to be distributed to shareholders. The dividend decision is important because it affects the amount of internally sourced finance available and also affects the return received by shareholders on the shares.  Once the company decided to pay dividends, they may establish a somewhat permanent dividend policy, which may show the impact of the investors and the financial markets. Establishing a specific  dividend  policy  is to the advantage of both the company and the shareholder. The distribution of dividends requires the approval of the board of directors and paid out to shareholders a few weeks later. There are several dates between the times the board declares the dividend un til the dividend is actually paid. The first date of note is the declaration date which the board of director declares the time or date is announced. The next date of note is ex-dividend date which time investors must have bought the stock to receive the dividend. The investor, who buying the stock after ex-dividend date is not receiving any dividend, record date, is a few days after the ex-dividend date the company close its stock transfer books and make up a list of the shareholder, who will receive the dividend. The final step is payment date which the checks of dividend will send to the shareholders. There are different types of dividend, which are cash or as additional stock which increase the number of shares outstanding and generally reduce the price per share, regular dividend which is paid at regular intervals, or a special dividend which is paid in addition to regular dividend and liquidating dividend which are excess of the retained earning they show on their book. There exist four main types of dividend policy theories Modigliani and Miller (1961) dividend Irrelevancy theory, Linter and Gordon (bird-in-the-hand) Theory, Signalling properties of dividend and clientele effect. Is the company’s dividend policy irrelevant to its market value? One of the financial theorists (Miller and Modigliani, 1961) provides a proposition for dividend policy irrelevance. They assume that perfect capital markets, meaning no taxes or transaction costs exist, the market price has many buyer or seller, and there is costless and feely access to information. Modigliani and Miller state that dividend policy was not one of the determinants of share price .Share value is independent of the level of dividend paid. A firm pay dividend is irrelevant and those stockholders are indifferent about receiving dividend. For example, from the aspect of investor, that the company paid too big dividend, investor could buy more share with the dividend that is over the investor’s expectations. Similarly if the company paid too little dividend, an investor could sell some of the company’s share to reflect the cash flow their expected. Market value of company its cost of capital is independent of its capital structure. According to their argument dividend policy is unaffected and irrelevance of market share price .Should the company pay out to its shareholders or retain that money to make new project. Modigliani and Millers dividend-irrelevance theory says that investors can affect their return on a stock regardless of the stocks dividend Residual Policy Modigliani and Miller argued that financial objective is maximise shareholder wealth when the share price is maximised. Shareholders are indifferent between dividends and capital gain. Company is used M M Residual dividend policy when a company undertake all positive NPV project and paid out the residual as dividend. Alternatively a company with not enough funds to invest new project, paid no dividend and the additional funds can obtain from outside sources. They were arguing that if company followed the best investment policy the value of company is irrelevance to its dividend policy. They also argue that shareholders are also indifferent to the timing of dividend payment because if there were no dividends the market value of company would increase to reflect as future dividend and share price is also increasing resulting from the returns of investment. A dividend policy is irrelevant because shareholders have the ability to create â€Å"homemade† dividends that mean that ca pital gain is not perfect suitable for dividend in cash flow terms. This income is achieved by individuals adjusting their personal portfolios to reflect their own preferences. For example some shareholders prefer to get steady of income are more likely to invest in bonds, which interest payment don’t change ,rather than dividend –paying stock, which value can fluctuate. Bird-in-the-hand On the other hands, Lintner (1962) and Gordon (1963) believe that company dividend policies are relevant to their share price. Under conditions of uncertainty and imperfect capital market ,he argued â€Å"bird-in-the-hand† theory that investor can reduce the financial risk associated with their investment if the return is received in the form of dividend earlier, rather than capital gain or higher dividends later. On this analysis, current dividend represent less risky than future capital gain. Therefore, company paying higher dividend will be more worth than company paying lower dividend. Dividend policy is one of the importance factors of determining share price. Gorden argued that the payment of current dividends â€Å"determine investor uncertainty†. The key assumption, as argued by Lintner and Gordon, is that because of the less risky nature dividends, shareholders and investors will discount the firm’s dividend stream at a lower rate of return, â€Å"râ₠¬ , thus increasing the value of the firm’s shares. According to dividend growth model, the value of an ordinary share, Po is given by: Po=D1/(r-g) Where the constant dividend growth rate is denoted by g, r is the investor’s required rate of return and D1, represent the next dividend payments. Thus the lower r is in relation to the value of dividend payment D1, the greater the share’s value. In the investor’s view, according to Linter and Gordon, r the return from the dividend, is less risky than the future growth rate g. oppapers.com/eassys/Bird-In-Hand/536314 Signalling effect of dividend This theory argued that financial information is asymmetric and managers will always know more than shareholders about the future financial prospects of the company. The dividend declared can be interpreted as a signal from directors to shareholders about the strength of underlying project cash flows. Increasing dividend is usually seen as good news, indicating that the company has positive prospects. The theory of dividend signalling has usually refers to a cash distribution of retain earnings. jstor.org/pss/2328393 Reference Watson, D. and Head, A. (2010) Corporate finance Principles Practice.5th edition. Essex: Pearson Education Limited.