This paper questions the CAPM's assumption of global risk-aversion. I develop an expected return-risk framework that allows tests of restrictions on marginal utility conditional on the states-of-the-world. Empirical tests using monthly stock returns data show a decreasing marginal utility from...

FET colleges are integral centres of learning to provide students with vocational learning opportunities. This paper examined if FET colleges in Kwazulu-Natal were aware of an entrepreneurial culture that could assist them in supplementing their income to become less dependent upon the State for...

Quality remains or continues to be one of the top ranking strategic issues in all major organisations. However, today organisations are faced with increasingly sophisticated and informed stakeholder expectations. Standards by which organisations are judged are continuously evolving as are...