The Argentinean currency board ended up in a collapse in 2001 - A study
Essay - 3 pages - Finance
Despite the fact that more than a century has passed after the adoption of the gold standard in the main developed powers and the implementation of a strict monetary regime in Argentina, those two systems seem to rely on the same process. It aims at pegging a national currency by making its...
Corporate Finance - comparison between "Mac Donalds" and "Burger King", two leading fast food chians
Financial analysis - 11 pages - Finance
The two companies, Burger King and McDonald's have been present in the fast food market since a long time. The turnover of Burger King represents US $2.234 billion and the one of McDonald's is US $22.79 billion, which permits us to see that the two companies are very important and...
Stock option price modeling using system dynamics and operations research
Thesis - 12 pages - Finance
Options are instruments that give the holder the right, but not an obligation, to buy or sell an asset by a certain date for a certain price. Options can be bought or sold on a variety of assets like stocks, foreign currency, indexes, and futures. A call option gives the holder the right to buy...
L'Autorité française des marchés financiers (AMF) et la commission américaine de sécurité et d'échanges (SEC)
Presentation - 14 pages - Finance
The AMF has for mission to apply the laws relative to the supervision of the financial sector. Especially in the field of : Insurances, securities and depository institution, except banks - and the distribution of products and financial services. The Authority must : - provide assistance to...
Forecasting time series using neural network model: Application for Korean stock market
Thesis - 8 pages - Finance
This study examines the performance of forecasting model established by using neural network. The neural network model proposed in this study is implemented to forecast the stock price stream of Korean stock market. Factors for forecasting that influence Korean stock market are obtained by the...
A benchmark of finding the criteria for optimal portfolio choice
Tutorials/exercises - 17 pages - Finance
In today's rapidly changing economic environments, global portfolio investors are invariably confronted with dynamic and fluid choice of criteria that enable them to exercise subjective judgment on asset portfolio choice decisions. The subjective investment portfolio choice includes the...
RFID adoption timing: The application of option pricing model
Thesis - 6 pages - Finance
This paper aims to investigate the characteristics of RFID adoption and find a feasible way to decide the optimal adoption timing for RFID adoption. Due to the significant investment of this technology, RFID implementation could be considered in two stages -- internal and external adoption....
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...
