A property right is the exclusive authority to determine how a resource is used i.e. whether the resource is owned by government or individually. Private property rights allow the exclusivity of rights to choose the use of a resource, the exclusivity of rights to the services of the resources and the right to exchange the resource at mutually agreeable terms. Ghana classifies the right to property as a fundamental right equal in rank and stature to such other rights as the right to life, expression, speech, religion and as a primary tool in the effort to resist distributive governmental measures. They in truth embody all other rights without which other rights may not be effectively enjoyed. The laws of Ghana expressly provide for certain economic and property rights which are enforceable and justiciable by the courts of Ghana. These laws generally enable the holder of the right to own, acquire (either through purchase, gift, or inheritance), manage, enjoy, and dispose of tangible and intangible property, including land, house, money, bank accounts and other assets, livestock, and crops. In as much as the right to property in Ghana is guaranteed, there are instances where the law allows justifiable interference with a person’s property rights. This paper gives a general overview of the protection of the right to property in Ghana, in all its manifestations, and further considers how this fundamental right can be lawfully interfered with under law.
{"title":"The Right to Property and the Principle of Justifiable Interference: The Ghanaian Perspective","authors":"Reginald Nii Odoi","doi":"10.2139/ssrn.3743798","DOIUrl":"https://doi.org/10.2139/ssrn.3743798","url":null,"abstract":"A property right is the exclusive authority to determine how a resource is used i.e. whether the resource is owned by government or individually. Private property rights allow the exclusivity of rights to choose the use of a resource, the exclusivity of rights to the services of the resources and the right to exchange the resource at mutually agreeable terms. Ghana classifies the right to property as a fundamental right equal in rank and stature to such other rights as the right to life, expression, speech, religion and as a primary tool in the effort to resist distributive governmental measures. They in truth embody all other rights without which other rights may not be effectively enjoyed. The laws of Ghana expressly provide for certain economic and property rights which are enforceable and justiciable by the courts of Ghana. These laws generally enable the holder of the right to own, acquire (either through purchase, gift, or inheritance), manage, enjoy, and dispose of tangible and intangible property, including land, house, money, bank accounts and other assets, livestock, and crops. In as much as the right to property in Ghana is guaranteed, there are instances where the law allows justifiable interference with a person’s property rights. This paper gives a general overview of the protection of the right to property in Ghana, in all its manifestations, and further considers how this fundamental right can be lawfully interfered with under law.","PeriodicalId":166038,"journal":{"name":"InfoSciRN: Copyright & Intellectual Property (Topic)","volume":"42 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116351199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Boutros, Itzhak Ben-David, J. Graham, Campbell R. Harvey, J. Payne
Using 14,800 forecasts of one-year S&P 500 returns made by Chief Financial Officers over a 12-year period, we track the individual executives who provide multiple forecasts to study how their beliefs evolve dynamically. While CFOs’ return forecasts are systematically unbiased, their confidence intervals are far too narrow, implying significant miscalibration. We find that when return realizations fall outside of ex-ante confidence intervals, CFOs’ subsequent confidence intervals widen considerably. These results are consistent with a model of Bayesian learning which suggests that the evolution of beliefs should be impacted by return realizations. However, the magnitude of the updating is dampened by the strong conviction in beliefs inherent in the initial miscalibration and, as a result, miscalibration persists. Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.
{"title":"The Persistence of Miscalibration","authors":"M. Boutros, Itzhak Ben-David, J. Graham, Campbell R. Harvey, J. Payne","doi":"10.2139/ssrn.3462107","DOIUrl":"https://doi.org/10.2139/ssrn.3462107","url":null,"abstract":"Using 14,800 forecasts of one-year S&P 500 returns made by Chief Financial Officers over a 12-year period, we track the individual executives who provide multiple forecasts to study how their beliefs evolve dynamically. While CFOs’ return forecasts are systematically unbiased, their confidence intervals are far too narrow, implying significant miscalibration. We find that when return realizations fall outside of ex-ante confidence intervals, CFOs’ subsequent confidence intervals widen considerably. These results are consistent with a model of Bayesian learning which suggests that the evolution of beliefs should be impacted by return realizations. However, the magnitude of the updating is dampened by the strong conviction in beliefs inherent in the initial miscalibration and, as a result, miscalibration persists. \u0000 \u0000Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.","PeriodicalId":166038,"journal":{"name":"InfoSciRN: Copyright & Intellectual Property (Topic)","volume":"213 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115827921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Submitted on 15 April 2020, this submission to the UN Expert Mechanism on the Rights of Indigenous Peoples calls attention to the importance of intellectual property and related rights (IPR) to the repatriation of ceremonial objects and human remains, and to the implementation of articles 11, 12, and 13 of the UN Declaration on the Rights of Indigenous Peoples. It outlines key aspects of IPR for states, cultural heritage institutions and Indigenous peoples to consider in the context of repatriation and proposes a strategy around IPR repatriation.
{"title":"SCuLE Response for the EMRIP Report on Repatriation of Ceremonial Objects and Human Remains Under the UN Declaration on the Rights of Indigenous Peoples","authors":"M. Pavis, A. Wallace","doi":"10.2139/ssrn.3589092","DOIUrl":"https://doi.org/10.2139/ssrn.3589092","url":null,"abstract":"Submitted on 15 April 2020, this submission to the UN Expert Mechanism on the Rights of Indigenous Peoples calls attention to the importance of intellectual property and related rights (IPR) to the repatriation of ceremonial objects and human remains, and to the implementation of articles 11, 12, and 13 of the UN Declaration on the Rights of Indigenous Peoples. It outlines key aspects of IPR for states, cultural heritage institutions and Indigenous peoples to consider in the context of repatriation and proposes a strategy around IPR repatriation.","PeriodicalId":166038,"journal":{"name":"InfoSciRN: Copyright & Intellectual Property (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129129163","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The idea that superior knowledge is required to drive financial outperformance runs counter to some of the most pervasive theoretical frameworks used by investors today. The Efficient Market Hypothesis and the Capital Asset Pricing Model, for example, posit that capital markets are efficient and that no consistent outperformance can be generated without increasing risk. Active asset managers, however, argue differently and claim that skills and knowledge are critical for capturing excess returns. We agree. In fact, in this paper we argue that knowledge assets and the use of superior knowledge are crucial to the success of all asset managers and, in particular, active managers. And yet, despite its clear importance, very little is known about knowledge management in asset management. This article thus seeks to remedy this by offering insight into the role that knowledge plays in the investment process and, more specifically, into the adoption of knowledge management by asset managers. The paper concludes with a blueprint that offers a way for investors to become knowledge and asset managers.
{"title":"Knowledge Management in Asset Management","authors":"Eduard van Gelderen, Ashby H. B. Monk","doi":"10.2139/SSRN.2642467","DOIUrl":"https://doi.org/10.2139/SSRN.2642467","url":null,"abstract":"The idea that superior knowledge is required to drive financial outperformance runs counter to some of the most pervasive theoretical frameworks used by investors today. The Efficient Market Hypothesis and the Capital Asset Pricing Model, for example, posit that capital markets are efficient and that no consistent outperformance can be generated without increasing risk. Active asset managers, however, argue differently and claim that skills and knowledge are critical for capturing excess returns. We agree. In fact, in this paper we argue that knowledge assets and the use of superior knowledge are crucial to the success of all asset managers and, in particular, active managers. And yet, despite its clear importance, very little is known about knowledge management in asset management. This article thus seeks to remedy this by offering insight into the role that knowledge plays in the investment process and, more specifically, into the adoption of knowledge management by asset managers. The paper concludes with a blueprint that offers a way for investors to become knowledge and asset managers.","PeriodicalId":166038,"journal":{"name":"InfoSciRN: Copyright & Intellectual Property (Topic)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116890454","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：