FIN7055 International Financial Strategy

BIRMINGHAM CITY BUSINESS SCHOOL ASSESSMENT BRIEF

MODULE TITLE:            International Financial Strategy

MODULE CODE:            FIN7055

LECTURER:                   XXXXXXXXXXXX

ISSUE DATE:                 30th May 2022

HAND IN DATE:             5th September 2022 12:00 NOON

Learning outcomes and assessment criteria specific to this coursework:

On completion of the coursework, students should be able to demonstrate their ability to:

  1. Critically examine Fisher-Hirshleifer model in relationship with the firm’s investment decisions with and without capital markets.
  • Critically apprise theory and practice of determining cost of capital, using the Capital Asset Pricing Model for investment appraisal and its limitations for investment appraisal at advance level.
  • Evaluate the role of stock market within the context of stock market efficiency, dividend policy and its implications for firm’s capital structure.
  • Analyse and evaluate challenges and opportunities for national and international merger and acquisition activity, environment, and current research for the topic area. Consider international environment, risk, and evaluate strategies to manage such risks

Number of attempts

Please note that, under the Academic Regulations, you are entitled to only two attempts to pass each assignment. You are strongly advised to take every opportunity to submit work as failure to submit counts as a fail. Should you fail an assignment, it is very important that you arrange a tutorial with the marker so that you can improve your work.

Please read the full academic regulations available on the Course page.

Plagiarism

Please read the plagiarism guidelines on your module page.

Late Submissions

1.    Assessment Overview

1.1           Rationale

The assignment for International Financial Strategy tests at an advanced level knowledge and comprehension of a range of concepts, models and theories related to the theory of finance and strategy. It also provides the opportunity for students to demonstrate their ability to evaluate firm theories and analyse the firm performance thorough evaluating share price, consider relationships between dividend, investment, and divestment policies to promote core objectives of owners and the key stakeholders.

This is an individually assessed assignment. There is no objection to students discussing the content and approaches to be adopted, but the final submission must be 100% your OWN work.

Please ensure that all your calculations are supported by relevant workings and attribute any references you make to published work of others using Harvard Referencing.

To pass this module, you must achieve a final overall mark of at least 50%.

2.    Assessment Brief

The module is assessed through a 3000 words coursework.

2.1           Required task(s)

There are two questions in part 1 and two questions in part 2 in the coursework. You should attempt all questions. The word limit is 3,000 words. When determining the amount of effort for each question you should take notice of the mark allocations.

Coursework

Part 1

Select a company of your choice from FTSE 250 for which you are able to access all relevant information for the purposes of answering this question. Using the financial and market information, you are required to:

Critically evaluate the followings:

  1. Capital Asset Pricing Model (CAPM), including considering its assumptions and consider its practical application for firms and investors.                                                                                                                     (20 marks)
  • Using the dividend valuation model (DVM), estimate the company’s share price; compare the estimated share price with current price, and comment briefly on any differences in the estimated and current share price of the company.

(30 marks)

(Total 50 marks)

To use DVM, you will need to estimate cost of equity and estimate the beta value for CAPM. Compare the estimated beta value with the beta value provided on the company’s web page and comment on any variations. Use 3% as proxy for risk free rate and assume market return is 9%.

Part 2.

There has been a debate amongst academics and practitioners whether merger and acquisition activity is in the best interest of the economies. In view of this, you have been invited to:

  • Define and discuss why merger and acquisition are popular amongst developed economies and critically evaluate whether merger and acquisition activity are in the economic interest of a country.

`           (30 marks)

  • Using the Fisher-Hirshleifer model, explain consumption and investment decisions with and without capital markets

(20 marks)

(Total 50 marks)

Your coursework should not exceed 3000 words. There is no fixed penalty for exceeding the word count, but students should be made aware that the marker will not consider any work after the +10% word count tolerance has been reached, within the allocation of marks. Students may therefore be penalised for a failure to be concise and for failing to conclude their work within the word count specified.

Indicative marking points Part 1.

a)

Evaluation of the CAPM – define and explain the model, assumptions and its limitation Evaluation of the dividend policy – limitation of the model and assumptions

(20 marks)

b)

Estimate beta and comment

Identify beta for your chosen company and explain why the values may differ Estimate price using CAPM

Estimate price using DVM

Reasons for differences and comments

(30 marks)

(Total 50 marks)

Part 2 c)

Define M & A

Why M& A are popular

Discuss whether M& A activity is in the economic interest of a country

Define key stakeholders and comment how the interests of key stakeholders are affected by mergers and acquisition

d)

Explain HL model and the separation theorem.

Demonstrate how investment decision are made without capital markets Demonstrate how investment decision are made without capital markets Relate the HL model with agency relationship

(30 marks)

(20 marks)

(Total 50 marks)

2.2           Word count

The maximum word count is: 3000 words (+/- 10%).

The word limit is for your coursework and does not cover material submitted as an appendix. Material submitted as an appendix provides background for your coursework, but it will not be marked unless it is part of the main body of the coursework. Also, it is important that you cross-refer between the main text of your assignment and any appendices to demonstrate the linkage, and that the appendices do not constitute additional material unrelated to that included in the body of your assignment.

Your references page will not be included in the word count, but inline citations used in the main body of the assignment (e.g., Smith and Jones (2010) identified that…) will be included in the word count.

You are required to declare the number of words used in your assignment. There is no fixed penalty for exceeding the word count, but students should be made aware that the marker will not consider any work after the +10% word count tolerance has been reached, within the allocation of marks.

Students may therefore be penalised for a failure to be concise and for failing to conclude their work within the word count specified.

2.3           Drafts

You may ask any questions within class and out of class, but a draft copy of the assignment will not be read, as this will constitute double marking. You may also arrange to meet me via MS Teams to ask any specific question regarding the assignment.

2.4           Submission point

Your assignment should be submitted online through TurnitIn via the link provided in the Assessment area of the module’s Moodle site. Hard copy submissions will not be accepted. Please follow the University policy regarding online submission and submitting assignments on time.

You should attach the assessment cover sheet for feedback. The assessment cover sheet is on the Moodle.

2.5           Formatting and presentation

The assignment should be word-processed and double line spaced. Use of bullet points should be avoided or used sparingly

  1. Use Arial size 11 point for your assignments, full justified
  2. Each page should be numbered except for the content page (if any)
  3. Presentation must be formal in language and style and must adhere to the structure given above.

2.6           Referencing

All work should be referenced using the Harvard format – there are handouts available online at the library website and are available as hard copy in the library if you are unsure of this.

Do not use popular websites like Wikipedia, Google, or Yahoo – the former is not peer assessed and the work is not always reliable.

Use textbooks and journal articles (newspaper articles may at times be acceptable). You should, however, make more use of current journal articles as these are peer reviewed and are often more recent than textbooks. If you are to use textbooks, these should be the latest, so it is important to check whether you have the latest edition.

3. Marking criteria

 0 – 39% Fail40 – 49% Fail50 – 59% Pass60 – 69% Strong Pass (merit)70 – 79% Very Strong Pass (distinction)80 – 100% Exceptionally Strong Pass (distinction)
Criterion 1Evaluate the role of stock market within the context of stock market efficiency, dividend policy and its implications for firm’s capital structure.
Mark: 
Limited understanding                of models,                theories, and concepts Lack of ability to analyse and                                interpret information in the appropriate context.Vague and unsatisfactory understanding of theory and ability to interpret or to apply or contextualise information to answer the question.Demonstrates ability to understand the role of dividend policy and efficient capital markets to correctly value share prices. Evidence of independent inquiry and judgement in selecting, analysing, and evaluating firm specific data.Evidence of good degree of subject specific literature and knowledge. Able to demonstrate critical awareness and an ability to apply analytical skills to answer the questions.There is excellent evidence of independent inquiry and judgement in analysing and ordering data. Evidence of a high degree of critical awareness and ability to infer key conclusion from the analysis and ability to justify                     conclusions derived.Excellent ability to synthesise theory and apply it to practice within the given scenario. Analysis is well referenced; critically evaluated and key conclusions are inferred.
       
Criterion 2Analyse and evaluate challenges and opportunities for national and international merger and acquisition activity, environment , and current research for the topic area. Consider international environment, risk, and evaluate strategies to manage such risks
Mark: 
Limited understanding            of the          topic          and demonstrates limited    ability           to analyse            and interpret information in the appropriate context.Some       knowledge of    merger       and acquisition             but demonstrated limited   ability   to reason or evaluate the theory,Some evidence of subject                       specific knowledge, ability to analyse and apply the acquired knowledge and reasons what are benefit of merger and acquisition for various stakeholders.Good evidence of wider reading and reflection in terms of why firms merge and their implications for the               stakeholders. Ability to show a good degree of critical awareness               and analytical skills.Excellent evidence of independent inquiry and judgement in analysing and reasoning theory and practice. Ability to show a high degree of critical awareness and analytical skills to produce conclusions consistent with the analysis.An outstanding well researched and referenced work that shows evidence of extensive research, understanding and ability to infer key conclusions.

BIRMINGHAM CITY BUSINESS SCHOOL

ASSESSMENT BRIEF: FIN7055 International Financial Strategy

Criterion 3 Mark:Critically apprise theory and practice of determining cost of capital, using the Capital Asset Pricing Model for investment appraisal and its limitations for investment appraisal at advance level.
 Limited understanding         of theory and models. Not able to use models. Lack ability to    analyse    and interpret information in the appropriate context.Vague understanding              of theory   and    little ability     to      use CAPM model. Limited ability to interpret and apply or contextualise information         to answer                     the question.Demonstrates ability to understand the role of CAPM and cost of capital to evaluate firm’s performance. Some evidence of independent inquiry and judgement in selecting and analysing and evaluating firm specific data.Evidence of good degree of subject specific literature and knowledge relating cost of capital and CAPM to evaluate                       firm performance. Able to demonstrate critical awareness and an ability to apply analytical skills to answer the questions.There is excellent evidence of independent inquiry and judgement in use of models and analysing and ordering data. Evidence of a high degree of critical awareness and ability to infer key conclusion from the analysis and ability to justify                   conclusions derived.Excellent ability to synthesise theory and practice of models CAPM and its use for calculating cost of capital its application to share price evaluation. Analysis is well referenced; critically evaluated and key conclusions are inferred.
Criterion 4 Mark:Critically examine Fisher-Hirshleifer model in relationship with the firm’s investment decisions with and without capital markets.
Basic level understanding of agency relationship within the context of HL model and role of managers and stakeholders. Lack of evaluation and application.Some ability to explain agency relationship and HL model but this may be a little confused or incomplete at times.An ability to demonstrate separation theorem and the role of HL model and the agency relationship. Able to provide good analysis of the conflict and resolution.A good ability to explain and apply HL and its link with the agency relationship. Explanations are well reasoned, and some justification provided.Good ability to explain, HL model and demonstrate its usability within the context of the agency theory and practice. Explanations are justified and applied to the given context.Excellent ability to evaluate the agency relationship, conflict and show role of capital markets using the HL model. Explanations are fully justified and applied to the relevant context.
Order Now

Get expert help for FIN7055 International Financial Strategy and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (September 27, 2022) FIN7055 International Financial Strategy. Retrieved from https://universalassignment.com/fin7055-international-financial-strategy/.
"FIN7055 International Financial Strategy." Universal Assignment - September 27, 2022, https://universalassignment.com/fin7055-international-financial-strategy/
Universal Assignment September 3, 2022 FIN7055 International Financial Strategy., viewed September 27, 2022,<https://universalassignment.com/fin7055-international-financial-strategy/>
Universal Assignment - FIN7055 International Financial Strategy. [Internet]. [Accessed September 27, 2022]. Available from: https://universalassignment.com/fin7055-international-financial-strategy/
"FIN7055 International Financial Strategy." Universal Assignment - Accessed September 27, 2022. https://universalassignment.com/fin7055-international-financial-strategy/
"FIN7055 International Financial Strategy." Universal Assignment [Online]. Available: https://universalassignment.com/fin7055-international-financial-strategy/. [Accessed: September 27, 2022]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Get 45%* OFF on Assignment Help

Popular Assignments

VU22977 – Practice in a Legal Environment

Advanced Diploma of Legal Practice – 22565VIC PORTFOLIO- CLIENT MATTER FILE Assessment task 1 Prepare a comprehensive portfolio of documents to create a Client Matter File which must include: Element 1 Area of law Cover sheet stating client name and short description of legal matter Client Instruction Sheet, Costs Agreement

Read More »

KIT714 ICT Research Principles: Assignment 1

Practical Qualitative Research Exercise                                                                                                                                         Type:                 In-Semester, Individual Assignment Task Length:   minimum 2,000 words Weighting:     20% of total assessment for this unit Due Date:       Friday 5 August 2022 – 11:55 pm (Week05) Submission:    electronic submission on MyLO (WORD or PDF) Description:    This practical exercise will engage students in a qualitative research

Read More »

MODULE 44-704463 Dissertation Help

ASSESSMENT CRITERIA Dissertation (12,500 words) Deadline: JULY 29th 2022, 3pm Introduction and abstract  Situates the research question within the, theory, and concepts Explains the value of the study.  Relevance of the research question, to the field of study is fully justified. Leads logically into the Literature Review. Abstract of professional

Read More »

ITECH1103-Assignment: Assignment 2: Analytics Report

Overview The purpose of this task is to provide students with practical experience in writing a data analytical report to provide useful insights, patterns, and trends in a chosen dataset in the light of a set of tasks required within this document. This dataset will be chosen from the UC

Read More »

PBHL20001 Term 1, 2022 – Supplementary Assessment

PBHL20001 Term 1, 2022 Supplementary Assessment The influenza pandemic that followed World War I and took place over the period from 1918-1920 resulted in an estimated 100 million deaths worldwide and 500 million infections. In addition, this pandemic had a significant impact on public health practice throughout the 20th century

Read More »

Community Health Project 1 (HLTH 3058): Assessment 2: Portfolio Task 2

Community Health Project 1 (HLTH 3058) Assessment 2: Portfolio Task 2 – Evaluative Framework Marking Guide Weighting: 15% the total grade for the course   Criteria Outstanding performance (75-100%) Exceeds core requirements (65-74%) Meets core requirements (50-64%) Does not meet requirements (<50%) Comments Content (70%) Demonstrates adequate knowledge of integrating

Read More »

Community Health Project 1 (HLTH 3058): Assessment 2: Portfolio Task 1

Community Health Project 1 (HLTH 3058)Assessment 2: Portfolio Task 1 – Ethical Considerations Marking GuideWeighting of 15% the total grade for the course Criteria Outstanding performance (75-100%) Exceeds core requirements (65-74%)   Meets core requirements (50-64%) Does not meet requirements (<50%) Comments CONTENT (80%) Ethical Considerations   Demonstrates adequate knowledge

Read More »

SAM 11486/SAM G 6677: Assignment 1 – Individual

Assignment 1 – Individual (25%) Report Due: 11:59pm Sunday Week 5 04/09/2022 This assignment will be marked out of 25 marks and is worth 25% of the overall mark for the unit. Please check the unit outline for late penalties and restrictions on late submissions. This assignment is an individual

Read More »

11486 Systems Analysis and Modelling

Assignment Case Study C – Feed Me Now Disclaimer: The situation described in the following case study is fictional, and bears no resemblance to any persons, businesses, or organisations, living or dead. Any such resemblance, if exists, is merely co-incidental in nature, and is not intentional. Feed Me Now is

Read More »

MAA703 – Accounting for Management

Trimester 2 2022 Assessment Task 2 Part B – Teamwork Reflection (Individual) DUE DATE AND TIME:                        Wednesday, 7 September 2022 by 8:00pm (AEST) PERCENTAGE OF FINAL GRADE:    10% WORD COUNT:                                   750 – 800 words Description Teamwork is one of the vital components of many workplaces and the ability to demonstrate

Read More »

Research project assessment proforma and marking schemes

BSc Biomedical Sciences with Health, Exercise and Nutrition (HEN6004) and BSc Biomedical Science (APS6022) Instructions for use All forms must be completed electronically and uploaded to the student submission point in  turnitin. Please note the literature review assessment will be completed in January whereas the assessment of the paper/poster and

Read More »

XERO and Spotlight reporting software Report Assignment

Case facts – Read me carefully please City Infrastructure Holdings Ltd (CIH) and Network Maintenance Services Ltd (NMS) City Infrastructure Holdings Ltd (CIH) acquired 100% of the 300,000 issued shares in Network Maintenance Services (NMS) on 1 July 2021.  The consideration provided to shareholders of NMS consisted of $1.20 in cash plus 1

Read More »

KIT103 Computational Science

School of Information and Communication Technology College of Sciences and Engineering Unit Outline KIT103 Computational Science Semester 2, 2022 Sandy Bay Campus, Hobart Newnham Campus, Launceston COVID-19 (Coronavirus Information) For information on how you can help keep us all safe, please review the Coronavirus updates page here: https://www.utas.edu.au/about/safety-security-and-wellbeing/coronavirus Sections that

Read More »

SEN725 Urban Stormwater Asset Design

Assessment Task -4 Final Report – Analysis of CoGG Stormwater Network Weight 50% This is an individual assessment task. Plagiarism and collusion is unacceptable practice at Deakin University. You must appropriately reference your work. Failure to do so will result in disciplinary action. For more information on plagiarism and collusion,

Read More »

PSY3PRP 2022 Assignment 2: Research Project Report

PSY3PRP 2022 Assignment 2: Research Project Report Guidelines and Marking Rubric Individual Research Report due Wednesday 19th October 11.59pm (50% of total grade) For this assignment—with support through structured tutorial work across much of the semester— you will produce an individually-written report on the broad topic of feeding difficulties in

Read More »

Increasing Demand for assignment help in Namibia

With the growing population, the demand for clean energy, advanced technology, new structures, and better healthcare is escalating day by day which makes engineering the most popular degree for the youth. As more people pursue engineering nowadays, it also makes it one of the most difficult and competitive degrees also.

Read More »

Online Assignment Help in Germany

How Could You Do Exam Preparation Effectively? Exam time is full of challenges and difficulties. You have to juggle exams even in high school, college, or higher education. It defines your knowledge of a specific subject and how well you know the curriculum. The exam also tests how much you

Read More »

Get Excellent Human Values Assignment Help Immediately

Get Excellent Human Values Assignment Help Immediately: Expert Solutions to all your Queries Instant Human Values Assignment Help Online Students can get Human Values assignment help online in a fast and simple way from the experts at Universal Assignment Help Service. Their team of over 172+ subject experts works every

Read More »

Get Top Modern History Assignment Help Online

Order Modern History Assignment Help immediately Students often need modern history assignment help for many reasons. Getting immediate online help for assignments helps students boost their academics in incredible ways. Sometimes, the pressure of studies is too much to take for students. This causes them to score poor grades and

Read More »

Get Instant Assignment Help in the United Arab Emirates

How Can Assignments Help Students? Whatever the definition of homework is, one thing is certain: it helps students thoroughly learn the concepts they have studied in class. The number of such assignments may cause stress or a burden. It means students and tutors are both correct in their type of

Read More »

Assignment Help in Mexico

How to Gain Awesome Grades in Your Chemistry Subject? Whether you are pursuing a technical degree or studying in the science stream, chemistry is always at the forefront. If you love to observe reactions, molecules, acids, condensation, evaporation, and dilution, chemistry will prove a resource for getting outstanding academic marks.

Read More »

Assignment Help in Kenya

How Could You Find the Best Biology Homework Website? Getting online homework help from an expert is neither embarrassing nor unauthentic. The vast majority of students around the world believe that doing online assignments and tutoring is beneficial. The Standard Graduate School of Education revealed that 56% of students suffer

Read More »

Assignment Help in Bangladesh

The Best 6 Hacks to Shortlist the Top Civil Engineering Assignment Tutor? Finding a homework expert for civil engineering assignments is a hectic task. As civil engineering has several fields, getting expertise is difficult for tutors. You may struggle to receive civil engineering assignment help in Bangladesh due to this

Read More »

Assignment Help in Pakistan

What Will Unethical Occur from Getting Homework? Homework looks like a mode of learning in most cases. But what happens to its quantity? Its quantity should be more than enough for students. Such circumstances may be detrimental to the health of the pupils. Sometimes, college faculties or teachers forget to

Read More »

Assignment Help in Malaysia

The Best 4 Skills You Should Learn For Making Your Career in 2022 As technological innovations leap forward daily, new skills are entering our market. Sticking to one skill set enables you to lose lucrative job opportunities. That is why it gives importance to having diverse skills, which should be

Read More »

MKT200 Marketing Principles: Infographic

Assessment 2 Information Subject Code: MKT200 Subject Name: Marketing Principles Assessment Title: Infographic Assessment Type: Individual infographic Length: Two pages Weighting: 30% Total Marks: 100 Submission: Online Due Date: Week 9 Your task Individually, you are required to create a two-page infographic outlining the communications process of two competitor brands.

Read More »

MMP-223, Property and Real Estate Law and Practice

MMP-223, Property and Real Estate Law and Practice, Trimester 2, 2022 Assignment 2, Client Report, Individual Assignment 25% of Unit Assessment (1,250 words*) Due Date: September 16, 2022, 8-pm AEST Assignment Brief: Clyde, being a real estate agent, loves property. With his share of the sale of the Sorrento property

Read More »

NUR1398 – Foundations of Nursing Practice Theory

Assessment: Care Plan Report Task overview Course NUR1398 – Foundations of Nursing Practice Theory Brief task description Written care plan addressing nursing care requirements for older patients with degenerative conditions. Rationale for assessment task Registered Nurses are required to think through the different aspects of patient care to arrive at

Read More »

MBA641 Project Strategy Framework

Assessment 1 Information Subject Code: MBA641 Subject Name: Strategic Project Management Assessment Title: Project Strategy Framework Assessment Type: Length: Individual video recording and supporting Infographic Video: 10-minute (no more) Supporting infographic: 1 page (no more) Weighting: 30% Total Marks: Submission: 100 Online Due Date: Week 4 Your task You are

Read More »

SEJ201 Structural Design Assessment

SEJ201 Structural Design Assessment Task 5 FINAL PROJECT REPORT Summary The Final Project Report is an individual task which builds on teamwork completed earlier in the trimester. This report shall clearly explain and justify the design solution proposed. In this report students you should identify project scope, inputs and constraints,

Read More »

42907 Design for Durability

Introduction Overall, explain what readers will find in the report, general information about the structure, location, climatic conditions, detail which specific parts of the structure will be designed according to which Australian standard. Which type of foundation, why? You can use figures in this section. Provide the scope of the

Read More »

Can't Find Your Assignment?

Open chat
1
Free Assistance
Universal Assignment
Hello 👋
How can we help you?