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(2008, 9 300 words)
The dissertation investigates how the investment into web-based businesses affects the growth and development of the business. It is found that the growth of web-based businesses is a demand-pull phenomenon, where the higher demand for the Internet leads to the higher growth of the web-based businesses. Literature is reviewed on the theory of venture capital (VC) discussing VC investments attracted by the major success stories, i.e. Facebook and YouTube. The methods of research include primary data collection through interviews. Conclusions are about VC contributes to the development of the web-based businesses through providing non-financial benefits, such as advice and expertise.
(2006, 9500 words)
The dissertation investigates the value of portfolios studying the risks of the financial market. Literature is reviewed on portfolio theories, the Capital Asset Pricing Model (CAPM), the Arbitrage Pricing Theory, etc. The value of securities in the American and British stock markets is assessed using a random selection of time periods and examining the risk-return relationship across different firms. Conclusions are made on the basis of the research findings highlighting the importance of the right amount of data for statistical analysis and CAPM testing.
(2006, 11000 words)
The dissertation investigates the strategic and financial position of GlaxoSmithKline (GSK), a global pharmaceutical company, examining the options for their future development and advising which of the options is best. Literature is reviewed on the subjects of merger and acquisition, profitability studies, divestiture, etc. The global pharmaceutical industry is analysed using Porter’s 5 forces model. Financial reports of GSK are studied; the history of the company’s mergers and acquisitions is reviewed; the key issues currently affecting GSK are analysed using SWOT; strategic options for GSK further development are discussed offering recommendations about the company restructuring.
(2005, 10000 words)
The dissertation aims to investigate how share repurchases (SR) create value in the UK context examining the method of Share buy back. A review of literature touches upon investment policies, UK regulations in repurchasing shares, the history of SR in Europe, hypotheses behind SR motivations, etc. Empirical analysis is conducted on the basis of primary data collected from 184 companies repurchasing shares between 1997 to 2000. Correlations are found between the results of the analyses and the previous studies. Conclusions are made about the main problems facing SR in the UK.
(2005, 9500 words)
The dissertation examines the capital structure of UK football clubs comparing it to that of major clubs in Europe and investigating what influences capital structure in European football. The paper provides a review of literature on the theories of company value and capital structure, dependent and independent variables of capital structure, etc. The methodology of data analysis is described; gearing models of Football clubs in England and in Europe are compared and discussed.
(2004, 7000 words)
The paper analyses the UK Financial Times Stock (FTSE) 100 Index over the past decade using the capital asset pricing model (CAMP) and the three-factor model (3FM). The review of literature provides information on stock market studies and development of CAMP highlighting market anomalies. The methods of empirical analysis and data selection criteria for testing the models are described. Conclusions are made about the accuracy of each model.
(2003, 13000 words)
The dissertation aims to investigate the UK legislation affecting current occupational pension schemes. On the basis of a literature review the author offers a historical and socio-political overview of the pension-related legislation that had influenced the post-war pension industry in the UK. Theoretical research used as a secondary method provides the background for the empirical investigation (a primary method) based on questionnaires and the interpretation of the quantitative data. The research findings allow for the conclusions about the rating of the occupational pension schemes, benefit packages, and other issues related to the British pension business.
(2004, 9000 words)
The aim of the dissertation is to investigate the financial characteristics and changes in performance of French companies involved in a leveraged buy-out. The empirical study covers a sample of 10 LBOs in France from 1999 to 2000. (Further information is available on request)
(2003, 20000 words)
The dissertation investigates the problem of market capitalisation using several companies as a case study. The review of literature highlights the theories related to the capital structure decision, namely, the Traditional View approach, and the Modigliani and Miller (MM) propositions, the issues of financial distress, agency and debt costs, corporate ownership, information asymmetry, pecking order hypothesis (POH), etc. The methods of research are based on secondary data obtained from previous literature and Internet sources, along with primary data collected through the interviews testing the experimental model. Conclusions are made about the impacts of banking regulation and market liquidity on companies.
(2003, 11000 words)
The dissertation aims to review some of the most important recent literature about the CAPM. The major paper discussed in this dissertation was the Fama and French 1992 paper. Moreover the dissertation investigates the performance of the CAPM in different markets. Recent literature has been concerned with how the model fares in markets other than the US. Furthermore, the dissertation looks at how some academics have attempted to rescue the CAPM by making improvements to it, and how others have discarded it entirely and begun looking for alternatives. The major change that was performed was allowing for negative excess market returns. The model most likely to replace the CAPM is the APT. (Further information is available on request)
(2004, 16000 words)
The dissertation using quantitative and qualitative approaches examines and analyses UK service and manufacturing industries capital budgeting practices
(2004, 20500 words)
The dissertation analyses the financial performance of 4 companies in UK apparel industry for the investment purposes. (Further information is available on request)
(2002, 14200 words)
Over the years academic researches and investors have not only been concerned about whether a unit trust is a higher than average performer over a particular period but also whether it remains to be superior, thus, whether the persistent high performance exists. Whilst the concept of persistence of performance is of interest to unit trust investors from a practical point of view it also attracts academicians because of its implication for the efficient market hypothesis (EMH). This dissertation is based on Russian sample data set of monthly returns from all equity unit trusts existing at least 20 months and available in the Centre of Collective Investment database. I analyze the relative performance of the funds and determine whether an impressive past performance is indicative to any degree of the fund's subsequent performance. In particular, I examine the persistence in performance in the quarterly and half - yearly periods based on four major empirical tests. These are contingency table analysis of winners and losers and Chi square tests on these tables, ordinary least squares regression analysis (OLS) of both raw returns and CAPM returns adjusted for risk and Spearman Rank Correlation Coefficient analysis (SRCC) of ranking based on performance in successive period. If past performance is an indicator of future results it is robust to except superior managers in the first period to continue to exhibit higher than average performance in the second test and, and so on.
Overall, I find that performance persistence in raw returns does not exist in the available sample of funds' data in both quarterly and half - yearly periods studied. Considering, risk - adjusted measures of unit trusts' returns it can be suggested that the data at the moment does not allow to make unambiguous decision whether past performance has a clear pattern of influence on future period performance.
(2004, 17000 words)
This dissertation investigates the nowadays topical and innovative subject whether the Physical Asset Valuation Methodologies used in Energy and Utilities industry influence the Capital Investment Decision - Making. There is a growing popularity of the Market Approach Valuation Methodologies application in the Industry, like Replacement Cost and Deprival Value based Methodologies, yet the traditional Discounted Cash Flow and Net Present Value Methodologies have still being applied in the unregulated markets. Three of those Market approach Methodologies are subjects to detailed scrutiny in this research, which are: Depreciated Optimised Replacement Cost (DORC), Economic Value (EV) and Deprival Optimised Value (ODV). The reason of considering those Methodologies is that regulators have actively been promoting them, yet the Asset Valuators and the company stakeholders are still unsure about the proper value of the Methodologies. Therefore, when determining whether those Methodologies influence the Investment Decision - Making it's also being tried to find out, which of those Methodologies is most likely to give a more accurate valuation result.
The main objectives of this research are originally to manage the physical asset at the companies within Industry in the way to achieve its main goal - add a value to the company, and the Valuation Methodologies is the part of the Asset Management Planning. The theoretical concepts relating to the issue are considered and the empirical analysis - made. The Quantitative approach survey is performed with practitioners in the asset valuation and academics. The survey demonstrates a support for value of the Market Approach Valuation Methodologies because the Valuation Methodologies definitely influence the Investment Decision - Making and the Market approach ones give more accurate asset valuation results. Albeit the three Methodologies observed (DORC, EV and ODV) have closely equal advantages though. This research is one of the original points for further researches into the Asset Valuation Methodologies in relation to the Asset Management Planning in Energy and Utilities Industry area.
(2003, 18500 words)
The objective of the dissertation is investigation into perception of risk in food industry form the stakeholders' pint of view. (Contact us for the additional information: contact@papers4you.com)
(2002, 9500 words)
This project adopts a descriptive approach and concentrates on the main issues related with fixed and flexible exchange rate regimes, pros and cons of each regime, and some emerging market experiences. By comparing fixed and flexible exchange rate regimes, we seek to uncover the conditions under which one regime is superior or inferior to other and based on this, we will draw some practical implications. Our analysis uncovers that the choice of intermediate exchange rate arrangements has decreased significantly in the last decade and countries tend to adopt either more hard pegs or flexible exchange rates recently.
Another important finding is that the choice of the optimal exchange rate regime depends on the circumstances surrounding a country and it can change with time. The project develops as follows: Section 1 introduces the subject, and summarises the main lessons derived from recent emerging market crises. Section 2 reviews the prior research findings about the use of exchange rate regimes. Section 3 examines the fixed and flexible exchange rate regimes in more detail by the help of selected country experiences. It also clarifies the advantages and disadvantages of each regime, and Section 4 provides some conclusions.
(2002, 9500 words)
The dissertation looks at models for predicting corporate bankruptcy. Two types of models, traditional financial ratio models and qualitative analysis of chairman's statements (thematic models), are compared with respect of their accuracy and practicality. It appears that both models can be used quite successfully. However, when the two models are used in conjunction we find the thematic parameters to outperform their financial counterparts. Still, due to great complexities incurred by the use of the thematic model the financial ratio model proves much more practical in use which on par outweigh the higher accuracy of the thematic model.
(2003, 15000 words)
The dissertation aims the implementation of the strategies of the equal opportunities and age diversity management. The research covers the banking and telecommunication industries in Britain and Greece with a special background at the financial sector.
(2003, 20000 words)
The dissertation attempts to identify what were the main reasons of going public for the football clubs in the end of the 90s; how these reasons can be compared with the reasons for companies in other industries; and the correctness of those reasons. The research found out that opposing to much that has been written, there were real advantages for most clubs at the time to go public due to the speedily increasing costs. The research was based on the primary and secondary researches.
(2003, 10000 words)
The dissertation analyses and compares two different types of valuation, namely: discounted cash flow and contingent claim basing on the investigation the case of Canary Wharf Group PLC.
(2003, 10000 words)
The purpose of this dissertation is to identify whether the compensation cost is the motivation of earning management. In order to do so the researcher firstly reviewed the literature on the given subject, after that using the case study approach five UK supermarkets' financial reports for the last four years were studied.
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