Financial system
Course material - 3 pages - Finance
Financial markets are important because they provide finance to companies, governments and people with mortgages, are drivers of prosperity (if they work well), are regulated and supervised to ensure fairness. There is a strong link between financial markets and the well-being of a country. They...
Evaluating the Effectiveness of International Financial Reporting Standards (IFRS) Adoption on Financial Statement Transparency
Course material - 2 pages - Finance
International Financial Reporting Standards (IFRS) are designed to bring consistency, transparency, and comparability to financial statements across different jurisdictions. The adoption of IFRS is intended to enhance the quality of financial reporting, thereby improving the decision-making...
Introduction to Hedging and Derivatives
Course material - 3 pages - Finance
A firm establishes a contract in the form of a loan. The firm borrows in one currency, converts it to another, invests that currency. When the loan comes due, the firm receives payment from its operations and uses that money to repay the loan.
Introduction to Sustainable Finance
Course material - 2 pages - Finance
Green Finance: financial investments flowing to sustainable development projects, initiatives, environmental products, policies encouraging the development of a more sustainable economy.
Financial Markets and Institutions: Financial Intermediaries
Course material - 2 pages - Finance
This document contains a course on Financial Markets and Institutions.
Introduction to Financial Markets and Institutions
Course material - 2 pages - Finance
This document contains an introduction course to Financial Markets and Institutions.
Central Bankers and Interest Rates
Course material - 9 pages - Finance
Inflation was a major problem in the 1970s. The 1971 collapse of the Bretton-Woods agreement gave governments latitude to alter their currency exchange rates. The previously locked exchange rates had the effect of taming inflation. There were also "oil shocks" in 1973 and 1979, which caused oil...
The Stakeholder Theory
Course material - 1 pages - Finance
Stakeholders are usually those in a firm who have an interest in the resources and activities of the company. They contribute to the wealth-creating capacity of the company, it's often composed of shareholders, employees, suppliers. They can be external or internal. In this case the internal...
Managerial Finance
Course material - 12 pages - Finance
Financial markets: - Financing investments (for firms) ; - Inter-temporal allocation of cash-flows (for consumers/investors) ; - Risk transformation: risk-diversification and tis-transfer (for firms and investors). Companies are the unit of observation of this course (companies raise capital and...
Financial globalization
Course material - 3 pages - Finance
The term financial globalization refers to a free movement of finance across national boundaries without facing any restrictions. Financial globalization requires the introduction of a worldwide single currency managed and regulated by a single international monetary authority. The first...
How far did the fair value principle contribute to accelerate the credit crisis in France?
Course material - 46 pages - Finance
The IFRS or the International Financial Reporting Standards are one element of the globalization of the world economy. The stated objectives of the IASB or the International Accounting Standards Board are: (a) "to formulate and publish in the public interest, accounting standards to be observed...
Accor's Financial Analysis
Course material - 12 pages - Finance
Accor is the leader in the European hospitality industry. The main activities of Accor revolve around the hospitality business and services to corporations. The hospitality industry is divided into three categories namely Middle and high end hotels (Sofitel, Mercure, Novotel), Middle and low end...
The growing impact of operational risks and its application to banks
Course material - 70 pages - Finance
Since their implementation in the banks in January 2007, operational risks are considered a main point of the strategy of banks. Operational risks are defined as “the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events1.” The...
Risk Management - publié le 24/05/2009
Course material - 9 pages - Finance
Measuring operational risk allows, in so many ways to anticipate the continuous and discrete potential risks that hold many intangible elements. By sophistical trends, we can measure how it could affect any project on the long term and involve in its management ways. Even the measurement needs to...
Definition and analysis of different notions of advanced corporate finance
Course material - 12 pages - Finance
Investment management is the management of various securities as shares, bonds and asses in a professional way. The aim is to satisfy the investment aims and needs of the investors. Investors could be represented by insurance companies, pension funds, corporations that is to say by institutions...
Exercises in Financial Management
Course material - 19 pages - Finance
In theory, managers should operate in the best interests of the owners, who are the stockholders within corporations. But currently, we can note that stockholders and managers do not have the same interests in the company. This is why, in practice, managers are operating in a different way that...
How does a rational investor build the optimal portfolio? Should international securities be added to that?
Course material - 4 pages - Finance
The modern portfolio theory was introduced by Harry Markowitz with the publication of his paper “Portfolio Selection” in the Journal of Finance in 1959 and is called Markowitz portfolio theory (MPT). It is now the major guidance for portfolio allocation decisions for mutual funds,...
The Modern Portfolio Theory (Advanced Corporate Finance)
Course material - 9 pages - Finance
The Modern Portfolio Theory occupies an important position in the investment management approaches. The theory is distinctive as its application enables investors to minimize the risk involved in investing in different classes of investment by diversifying it with the help of a portfolio. The...
