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
Dissertation - 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
Dissertation - 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
Dissertation - 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
Dissertation - 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...
Financial ratios: Meaning, calculation and application
Dissertation - 10 pages - Finance
A financial statement generally refers to the basis statements, which are as follows i) The income statement ii) The balance sheet iii) Statement of retained earnings iv) Statement of charge in financial position in addition to the above two statements. Financial statement analysis is the...
Monetary policy
Dissertation - 4 pages - Finance
Monetary policy changes have influence over unemployment, short-term production and in the long-run affect prices and inflation rates. What monetary policy can do to heighten economic performance is a challenge that must be understood by economic policymakers. What monetary policy cannot do to...
Advanced Corporate Finance (2009)
Essay - 10 pages - Finance
In this document we will show how you can create a portfolio with two stocks which would have an ER of 8%, and what the SD of such a portfolio is. We also explain the concept of Efficient Markets Hypothesis and the difference between the Weak, Semi-Strong, and Strong forms of it. Finally we try...
Air Liquide - Corporate Finance Project
Case study - 18 pages - Finance
The Air Liquide Group, was incorporated as early as 1902, and is to-day the worldwide leader for gas products servicing industries, and medicine. Operating in 72 countries with more than 40 000 people it has achieved sales of 11801 Million in 2007, with a net income of 1123 Million. The breakdown...
The role of private equity firms as an alternative investment model in the Middle East and globally
Tutorials/exercises - 27 pages - Finance
The global economic reality has witnessed a recent international increase in the private equity markets. This fact has brought up many concerns as to whether this will have a positive or negative outcome (Financial Services Authority, 2006). This document will present an overview of private...
Financial Policies in China since 1978: protection, liberalization and regulation (2009)
Essay - 12 pages - Finance
The real start of China's economic expansion was in 1978 under the leadership of Deng Xiaoping. In fact after many years of total socialism with few contacts with the others countries, Deng Xiaoping thought that China could take part in the new growing globalization. Many people know that...
Cash management
Dissertation - 3 pages - Finance
Similar to the absence of water to anything living, the absence of cash to the business means death—slow, torturous, physically painful, and mentally agonizing” (Managing, 2003, p.1). A flourishing business rests on sound cash management techniques with solid cash flow. One cannot...
The financial crisis and its consequences on the German financial system
Thesis - 27 pages - Finance
The triggering element of the present financial crisis was the real-estate crisis in the United States. The crisis began with certain indifference in 2006, but then it reached its peak during the second semester of 2008. This was when we observed, day after day, a fall in prices of shares,...
Efficiency analysis of conventional and Islamic banks in Indonesia using data envelopment analysis
Tutorials/exercises - 18 pages - Finance
Islamic banks have been in existence since early 1960s. The first Islamic bank was established in 1963 as a pilot project in the form of rural savings bank in a small town of Egypt, Mit Ghamr. After that, Islamic banking movement came back to life in mid 1970s. The establishment of Islamic...
Islamic banking and Muslims
Dissertation - 10 pages - Finance
The development of Islamic banking in Indonesia got its best momentum in Indonesian struggle to recover the national economy from crisis. Islamic banking has been being accepted by many communities -at least as one of the alternatives, in strengthening the financial sector. Statistics of...
Study of the costs of sterilisation service with the ABC method
Case study - 9 pages - Finance
This study aims to estimate the costs involved in various sterilized conditionings provided by the clinic, and to compare these costs with prices proposed by external persons. It also longs to calculate the total cost of the service and to compare it with the offer of an external person ?...
Advance corporate finance: exercises
Tutorials/exercises - 9 pages - Finance
You have two stocks with the following Expected Returns (ER) and Standard Deviations (SD). Stock A: ER = 5%, SD = 5%. Stock B: ER = 10%, SD = 10%. The correlation coefficient is 0.5. Show how you can create a portfolio with these two stocks which would have an ER of 8%. What is the SD of this...
Playboy Enterprises Inc.
Case study - 9 pages - Finance
Owing to the development of the internet, the publishing sector is witnessing a series of threats. Indeed, a new media appeared and became extremely popular since 2000 and the publishing industry had some difficulties facing this mutation. Playboy, that was originally a magazine created 50 years...
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...
The determinants of commercial bank profitability in Sub-Saharan Africa
Dissertation - 15 pages - Finance
Banks have high profits in Sub-Saharan Africa (SSA) in comparison to other regions. This paper wields a sample of 389 banks in 41 SSA countries to probe the determinants of bank profitability. It is found that apart from credit risk, higher returns on assets are linked with activity...
A look at the important concepts in finance
Dissertation - 10 pages - Finance
RAY G. JONES and DEAN DUDLEY observe that the word finance comes indirectly from the Latin word Finis. Finance is defined as the “Issuance of the distribution of and the purchase of liability and equity claim issued for the purpose of generating revenue-producing assets. These claims are...
The demystification of financial jargon
Dissertation - 5 pages - Finance
“Finance” is a very broad term that encompasses a whole gamut of micro and macro domain specific definitions, usage and applications. As a subject, it is very critical from the societal perspective as it influences our everyday existence and has far reaching implications on the lives...
Financial Analysis with reference to Ratio Analysis
Dissertation - 14 pages - Finance
Financial statements are prepared for the purpose of presenting a periodical review or report by the management and deal with state of investment in business and result achieved during the period under view. They reflect a combination of recorded facts, accounting conventions and personal...
