müüja). Esmaturul toimub uute väärtpaberite esmakordne müük investoritele (seega on esmaturu puhul osapoolteks emitent ja investor). Kvaliteetse väärtpaberituru tunnused: Informatsiooniline efektiivsus Informatsioon saabub turule juhuslikult Aktiva hindade liikumisega seotud teated on üksteisest sõltumatud Uus informatsioon jaotub võrdselt kõikide turuosaliste vahe Piisavalt suur hulk ratsionaalseidinvestoreid Likviidsus Väärtpaberi turustatavus (marketability) Madalad spread'id Aktiva hinna katkematus (price continuity) Tehingukulud Madalad tehingukulud Tehingukulude (ja ka maksumäärade) erinevuste puudumine turuosaliste vahel Esmane turg Riiklike ja koroporatiivvõlainstrumentide esmaemissioon, aktsiate avalik esmaemissioon (IPO) Teisene turg (järelturg, secondary market) NB! Miks on järelturud olulised? Rahvuslikud, regionaalsed väärtpaberiturud, OTC
Hong Kong. 1998. Pp. 157- 160. Benito, G. V., Gontijo, L. A., Jarufe, M. S. Analysis of cognitive demands of the activities of nurse. From Experience to Innovation. IEA'97. Helsinki. 1997. vol.5. Pp. 253-255. Best, J. B. Cognitive Psychology. 5th ed. Belmont, USA, Wadsworth, 1991. ISBN 0-534-35417-3. Bird, A. Philosophy of Science. McGill Queens University Press, 1998. ISBN 07735 17731. Bishu, R. R., Goonetilleke, R. S. Comfort and discomfort vs. safety, quality, productivity and marketability. ERGON-AXIA '98. Proceedings of the First World Congress on Ergonomics for Global Quality and Productivity. Hong Kong. 1998. Pp. 287-289. Bridger, R. S. Introduction to Ergonomics. N. Y., McGraw-Hill. 1995. Butters, L. M., Etchell, R. L. Design for all: evaluation for all. Assessing consumer products to face account of those with special needs. From Experience to Innovation. IEA '97. Helsinki. 1997. Vol. 2. Pp. 202-204. Chambers 21st Century Dictionary. Chambers, 1996. ISBN 0550 105880.
don’t get it, have them fired immediately. Don’t feel any remorse. KNOWLEDGE IS POWER Right now, it would appear that the present generation of Blacks prefer to dwell on the accomplishments of their forebears. Yes, we talk about our Egyptian cousins who built the Pyramids, who really don’t prefer to be regarded as Blacks but rather Arabs. We dwell on our forebears who invented this or that, which invariably were denied to them before exploiting its marketability. Let me tell you what is happening today in America. It has been discovered that in the last 20 years, China has been consistently stealing information about American nuclear warheads and missiles to modernize their nuclear weapons program. According to a Congressional Committee investigation, it found evidence that relentless espionage, assiduous research and open exchanges with American scientists, had saved China incalculable time and money in its drive to build a modern nuclear arsenal.
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