Firm characteristics and stock return
Essay - 5 pages - Finance
“What determines stock returns?” Although the answer to this question has been much sought by researchers and investors, most studies to date are empirical in nature and provide a very limited view of the problem. The general findings are that certain firm characteristics do have an...
Analyzing international portfolio strategy with home event risk versus foreign information asymmetry
Thesis - 10 pages - Finance
This study develops a model for international portfolio choice in the presence of the home asset with event-risk versus foreign asset with stochastic information filtering. The model is constructed from comparing the portfolio fraction changes of domestic assets so as to maximize the expected...
A report on the market "Sukuk"
Market study - 9 pages - Finance
Global capital markets have long been functioning without Islamic components. Only recently have they been subject to the emergence of a new dimension: the sukuk (Islamic Bond) market. The sukuk market has experienced a spectacular growth since 2001 in the Middle East, supported by ultra-high...
Six questions on business's finance
Worksheets - 10 pages - Finance
In this document, we find answers to six questions about corporate finance based on the following subjects: The break-even point and the calculation of Net Income, The role of investment bankers, Why are the investment bankers fees lower for bonds than for stocks, Meaning of the risk-free rate...
Balance sheet of ExxonMobil
Financial analysis - 12 pages - Finance
I preferred to analyze the company ExxonMobil as it is one of the biggest petroleum companies in the world. With a net income of 45.22 billon dollars in 2008, ExxonMobil realized the biggest net income in the World. The company represents 2% of NYSE capitalization. ExxonMobil is an American...
Balance sheet of "Safeway Foods" and "Whole Foods" - the U.S. market for organic groceries
Financial analysis - 16 pages - Finance
This report aims at performing a financial analysis of two American food providers: Safeway Foods and Whole Foods and assess the financial strengths and weaknesses of both companies. All the quantitative data in this analysis come from prior years annual reports. The American grocery market is...
Investment Funds on the German Market
Case study - 16 pages - Finance
Investment funds or private equity have to invest in societies. A society will be selected with several criterias. Depending on objectives, funds will be more or less specialized. For example, venture capital funds, capital development funds, LBO funds are funds that correspond at several steps...
Corporate bonds: A term paper
Thesis - 3 pages - Finance
Corporate Bonds are debt obligations issued by corporations as an alternative to issuing stock when raising capital. They are an alternative to issuing new shares on the stock market, and they are a form of debt finance. Companies of all sizes issue corporate bonds. In the United States today,...
Fundamentals of Islamic Finance
Essay - 3 pages - Finance
The practice of the Islamic Finance is based on the respect of the Islam and more precisely of the Sharias. Rules: Islam is a complete way of life and provides guidance in the conduct of one's private, social, political, moral and economic affairs. Thus Islamic Finance has to be in harmony...
Lessons learned from the collapse of long-term capital management
Thesis - 5 pages - Finance
In the society in which we live, success is rewarded greatly. Winning and becoming the best is always the goal or desired outcome for any endeavor. We are taught to always strive for success, for with such accomplishment comes many immediate and tangible benefits. However, the lasting benefits of...
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...
Did the subprime crisis affect the hedging market?
Essay - 5 pages - Finance
The aim of this paper is to analyze if the financial crisis has changed the use of hedging techniques. Forecasting is the process of estimation of unknown situations. Forecasting is use to estimate a risk. It can be exchange rates risks, economic exposure, translation exposure, etc. In this...
What is the role of the American Dollar as an international currency?
Essay - 6 pages - Finance
Nowadays, with globalization, the exchanges all over the world are increasing more than ever. One can say that it is necessary to have an international currency in order to structure the exchanges between countries all over the world. Internationalisation of a currency starts with its use as a...
Carrefour Group and British Airways ? Financial Analysis
Financial analysis - 12 pages - Finance
The Carrefour story begun in the South of Paris during the 1960s. For the first time in history, different kinds of products gathered in the same place and were self-service distributed. Due to its success, the Group began to expand to foreign countries. First in Europe, then in emerging...
Financial crisis compared with ABX logistics/ Valencia
Case study - 6 pages - Finance
What is a financial crisis? What are the causes of a financial crisis, and what are its effects? What are the expectations, for the evaluation of the financial crisis? These are the questions that are going to be answered in this report. This topic is in relation with the company ABX logistics,...
Factors influencing the payout policy
Essay - 4 pages - Finance
During their life firms face the constant decision of whether or not to distribute cash among their shareholders and to what extent to do so. There are two main methods for redistributing cash to the shareholders: dividends and share repurchases. Through dividends, a fraction of earnings is paid...
Term paper: the subprime crisis:Reasons & Effects
Essay - 8 pages - Finance
Since the last few years, a frightening phenomenon concerning subprime is being observed in the United States of America. Some people think that the financial crisis that the whole world is living through is related to the subprime crisis, and some think that it was the beginning of a very slow...
Mergers & Acquisitions and value creation for the shareholders
Dissertation - 34 pages - Finance
2008 was hit by one of the worst financial crisis in history and also by the record number of cancelled Mergers & Acquisitions. According to Dealogic, the financial data provider, the whole value of the transactions for 2008 comes to 3.280 billions of dollars which represents a decrease of 29%...
Mergers and acquisitions: GDF-SUEZ
Case study - 10 pages - Finance
The expression 'mergers and acquisitions' (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly...
From Ponzi to Madoff : same causes, same effects ?
Essay - 11 pages - Finance
Ponzi mechanism is a very simple pyramidal model that ensures unrealistically high and constant returns to its customers. How come? Early customers are paid off with the cash from new customers, attracted by the satisfaction of the old customers, and so forth until the chain collapses. Ponzi...
Analyzing financial statements : security Analysis
Tutorials/exercises - 8 pages - Finance
First, let's define what the 'price to book', 'price to sales' and 'price to cash flow' are. The price to book ratio (P/B Ratio) is a financial ratio usually used to compare the stock's market value to its book value. Book value is the term used to designate the...
Financial analysis of Nike and Adidas (2000): The big two in the footwear industry
Case study - 7 pages - Finance
Adidas is the biggest footwear company and after analyzing the ratios it has performed as well as Nike over the years, even though it is far behind Nike in terms of revenue and profits. The share price of Adidas is currently at 4877.0 compared to the opening price of 4864.0 that was a 44.0...
A study on the credit rating process and methodology
Thesis - 9 pages - Finance
Credit rating is the process of estimating a firm's ability to perform to its capacity. It also determines the financial worthiness of an organization depending on the performance of the organization in the past. Objectives of credit rating agencies 1. Its primary objective is to provide...
An overview of important concepts and theories in relation to foreign exchange (forex) rates
Thesis - 10 pages - Finance
The rate of exchange means the price of one currency in terms of another currency. Different countries have adopted different exchange rate systems at different times like the Gold Bullion, Gold Standard and the Bretton Woods system. The last system was soon replaced by the Floating Rate System....
A study on the various sources of finance
Thesis - 14 pages - Finance
Finance is the study of how individuals, institutions, and other businesses acquire, spend, and manage money and other financial resources. Finance also can be defined in terms of the macro economy as well as the business firm and individual citizen level. Macro finance is the study of how...
The financial expenses of a hotel
Thesis - 10 pages - Finance
Cash includes Cash on Hand (House Banks), Demand Deposits, and Temporary Cash Investments. Temporary Cash Investments should be of demand nature or have maturities within 90 days at the time of purchase. Cash that is restricted formally for long-term purposes, such as property and equipment...
The fashion's effects on the stock markets?
Essay - 12 pages - Finance
In this final assignment of Technical Analysis and Market Psychology II, I would like to give another point of view on what determines the rise or the fall in stock markets. The basic view of stocks is that the stock markets will provide events that will make people happy or optimistic. In the...
British Airways' balance sheet
Case study - 8 pages - Finance
For this assignment, I have decided to work on the British Airways Group. This choice allows us to study the finance of a big company, which is totally international and is known by everybody. When I use the term company, I mention the group because I've only used the group's figures. I...
Case studies of international finance
Essay - 9 pages - Finance
This document presents practical cases about international finance (exchange rates and international trade, profits and arbitrage etc.). Extract: "The Purchasing Power Parity is an economic technique that we can use when we want to determine the relative values of two currencies. It is useful...
Breakeven analysis of a retail music store
Market study - 6 pages - Finance
Old friends Jane and Elizabeth have decided to open up a retail music store. They will open up a store in a large shopping mall, purchase CDs from the large music distributors, and resell them to the public. Their first decision is to determine if they can profit from this venture, so they must...
