Reporting analysis: Daimler-Chrysler (1998-2006) - publié le 16/01/2009
Essay - 21 pages - Finance
We assume for the analysis of the group that the impact of IFRS in year 2004 is insignificant given that IFRS and US GAAP are closed. Moreover a complete analysis was impossible given that we didn't have all the figures before 2004. From 1998 to 2006 we can see that inventories increased from...
The financing of joint ventures - publié le 16/01/2009
Essay - 7 pages - Finance
A joint-venture is an agreement between two partners from different countries and which consists of the creation or the joint acquisition of a joint venture on the market of the foreign partner. This co-operation is considered on the long-term. In other words, a joint venture is a group in which...
When a famous bank ( Société Générale ) is plunged into the world's largest financial fraud ever known by a simple junior trader - published: 16/01/2009
Essay - 8 pages - Finance
In January 2008, the financial world was disrupted by the world's largest financial fraud case known to date. The famous French bank, Société Générale, recorded a loss of 5 billion euros due to false positions taken by a junior trader, Jérôme Kerviel. To fully appreciate how he did this, it's...
Empirical evidence on Seasonalities - Inspecting the market anomalies - publié le 16/01/2009
Essay - 20 pages - Finance
Anomalies, such as calendar effects, could be defined as phenomena where systematic returns patterns are observed. Partisans to informational market efficiency suggest that calendar effects are prone to disappear, as investors in the market could implement strategies in order to take advantage of...
Competition in the banking industry
Essay - 4 pages - Finance
Nowadays, the banking industry has become significantly more competitive than in the past and competition is likely to increase further. New competitive pressures are emerging from abroad, owing to the liberalization of international banking and capital flows, and as a result of the adoption of...
Michelin : financial case study - publié le 16/01/2009
Essay - 12 pages - Finance
The world tire market was equal to 80 billion dollars in 2005. That is to say that each year more than 1 billion tires are sold for cars and light trucks. 75% of the sales are for European, North American and Asian countries. Michelin is the leader of this market in those areas because it deals...
Options, futures and other derivatives - publié le 16/01/2009
Essay - 9 pages - Finance
The binomial model is used to describe stock price movements through consecutive periods of time over the life of the option and to determine the actual price of this derivative. Each period is an independent trial. The binomial formula describes a process in which stock return volatility is...
The Sarbanes-Oxley Act - published: 16/01/2009
Essay - 4 pages - Finance
On July 30, 2002, President Bush signed into law a revolutionary Act: the Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act. In the wake of many financial scandals, this law establishes new accounting and control requirements on U.S. publicly owned...
Trading volatility - publié le 16/01/2009
Essay - 13 pages - Finance
Traditionally, to make a profit, most individual investors and fund managers are forced to take a view on the direction of the price of something. The traditional or fundamental strategy is to study all the aspects of the market-place, all the factors affecting the price or that might affect the...
The effectiveness of legal restrictions on distributions to shareholders in achieving "Creditor Protection"
Essay - 2 pages - Finance
In this essay, I will critically evaluate the effectiveness of legal restrictions on distributions to shareholders in achieving “creditor protection”. It consists of showing the good and the bad points of these restrictions. Firstly, I will define the terms used previously. Then, I will...
The London Stock Exchange - publié le 15/01/2009
Essay - 5 pages - Finance
Financial globalization has grown since the nineties. In 2004, the portfolios of British institutional investors contained 26% of foreign assets. In comparison, this rate was of 11% in the United States and 23% in Japan, which makes the LSE the biggest international Stock Exchange. Moreover, as...
The Capital asset Pricing Model (CAPM) isn't wrong. It just doesn't go far enough
Essay - 4 pages - Finance
The capital asset pricing model (CAPM) is a mathematical model that explains the relationship between risk and return in a rational equilibrium market. The model is used in finance to determine a theoretically appropriate required rate of return asset, if that asset is to be added to an existing...
Corporate finance: Financial analysis of Ford and BMW - publié le 15/01/2009
Essay - 9 pages - Finance
This report will deal with the financial analisys of two main competitors of car market. Effectively, Ford and BMW (Bayerish Motoren Werke AG) are two important car manufacturers in the world. Even if they are competing on the same market, we can't say that these two manufacturers are...
Financial aspects of international operations: Case study - weapons export to Brazil - publié le 15/01/2009
Case study - 18 pages - Finance
In the framework of the “financial aspects of international operations” we were invited to analyze the case of exporting weapons from Belgium to Brazil. We are going to introduce the analysis with a description of the weapon sector in Belgium and in Brazil. In this description, we will...
The role of the TARGET system in the European financial integration - publié le 15/01/2009
Essay - 4 pages - Finance
When Euro was introduced in 1999 as the European single currency, a large value payment system was also set up. The so-called Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system was expected to be the basis of both financial integration and European Central Bank...
The prospects and limitations of a global governance of finance - publié le 15/01/2009
Essay - 4 pages - Finance
In our modern societies, market mechanisms shape the modes of production and distribution of goods and services, particularly more and more through the financial sphere, “that part of an economy that links savings with investments through different instruments denominated in monetary...
Introduction to research & development decision analysis - published: 15/01/2009
Essay - 5 pages - Finance
A firm optimizes its market value when it successfully implements strategies that generate positive discounted cash flows applied against initial investments with net present value (NPV) greater than zero. One purely economic analysis, which serves as a guidepost to this work, applies a...
Britain and the euro: not for yesterday, not for today, not for ever...? - publié le 13/01/2009
Essay - 14 pages - Finance
The EMS's Exchange Rate Mechanism (ERM) has long been a source of political controversy, playing for instance a relevant part in the final drama of Margaret Thatcher's resignation as a serving Prime Minister. Britain entered the ERM in 1990 to exit from it in 1992 and afterward, the new...
Textbooks say that banks transform risks: What are the risks involved? and how are they transformed? - publié le 13/01/2009
Essay - 4 pages - Finance
Financial crisis may be very damaging for the whole society, as bank failures can either lead to runs or to panic. Bank runs occurs when problems at a bank “undermine depositors' confidence.” The depositors' reaction is to rush to withdraw their money since they know that the bank's...
Futures and options: working - publié le 13/01/2009
Thesis - 4 pages - Finance
Since the 1970's, the trade of derivative securities has over expanded and has characterised most of the transactions in the world financial marketplaces. However, derivatives do not constitute a new notion in the financial world, since they first appeared in the 17th century, with the trade of...
Accounting report to the board of direction - published: 13/01/2009
Essay - 3 pages - Finance
Today our company is using a cost-plus pricing approach to price its product. In fact this method used to price our products can be inadequate in certain cases for our firm. In the usual course this method is used in a monopoly situation. Today, we have to try to notify if our company has a...
The 'true and fair view' in financial reporting - publié le 13/01/2009
Thesis - 4 pages - Finance
Originally, one major concept was stressed in the United Kingdom: the ‘true and fair view' in financial reporting. This concept was so popular that it even overrode the little regulation that existed then. In recent years, the increase in accounting regulation started to put in jeopardy the...
Operational auditing - publié le 09/01/2009
Essay - 9 pages - Finance
According to the Institute of Internal Auditors, Internal Auditing could be defined as "an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic,...
Analysing financial statements: analysis of Mattel and Hasbro
Financial analysis - 55 pages - Finance
For this analysis, I have decided to study the cases of Mattel and Hasbro. These two companies sell toys all over the world. After the computation of all figures and ratios, we have decided to study the companies on two different standpoints: Loubna will demonstrate which one of the two companies...
Financial management: Bic
Case study - 20 pages - Finance
The year was very important for BIC Group, with an increase in the challenges of the global economic, from raw material price increases to currency fluctuations. BIC is actually gaining market share in highly competitive categories. And also, it launched the first disposable phone in France. That...
Economic activity, investments and technological policy
Essay - 7 pages - Finance
The concept of competitiveness of the national economies and the viability of the national productive systems in the context of globalization focuses on the role of innovative competitive advantages, which are related to the technological know-how. The competitive advantages of low production...
Is the CAPM a valid model for small investors?
Case study - 31 pages - Finance
The CAPM is one of the most famous theories of finance. It was developed by William Sharpe in 1964 with the help of others known researchers. This theory is based on the relationship between risk and return and permits us to calculate an expected return of an investment with few variables....
A look at corporate taxation
Essay - 4 pages - Finance
As any business withdraws and employs reduction of all or parts of its assets to cash or cash equivalents to its shareholders, the last step that is usually undertaken is the complete liquidation of the corporation and this denotes the end of the corporation's life as well as the cessation of...
Money advice
Essay - 6 pages - Finance
The trend of people being subjected to financial difficulty is increasing. The easy access to credit may provide convenience but it can also lead to overspending and consequently, overindebtedness. Some life-changing events such as loss of job and divorce can substantially add to debts. Being...
Sample resume for financial analyst
Sample resume - 2 pages - Finance
An innovative, energetic, goal-oriented professional with solid financial and pricing experience. Extensive experience in reviewing and analyzing cost estimates, defining requirements for cost models and defining consistent methods for establishing cost estimates. Exceptional financial analysis...
