The impact of corporate governance upon firm’s performance: Empirical study in Thailand
The impact of corporate governance upon firm’s performance: Empirical study in Thailand
The impact of corporate governance upon firm’s performance: Empirical study in Thailand
General assumptions of the assignment: • Virtual money has been invested in virtual shares on the FTSE100 through virtualtrader.co.uk. This is split across two investment portfolios, Portfolio 1 (£100,000) and Portfolio 2 (£100,000). • The assumption is that the writer is acting as an asset management firm investing this virtual money on behalf of a thirdparty investor. • The assignment should therefore be written in the style of a report, looking retrospectively at the individual investments that have been made in each portfolio. • The report should critically analyse why investments have been made and why they have likely returned money (or not). If the investments have made a loss, a discussion as to why they have likely made a loss is perfectly reasonable. • For portfolio 1, the investments and analysis are not based upon any theoretical framework for investment but instead events that may have affected the share value. A fictitious example would be: Investing shares in Sky because of news prior to the investment which suggested their sales were up/predicted to rise or a competitor in the same industry had left the market etc. Another example would be to say that economic factors such as Brexit had affected oil prices as oil is purchased in USD and the GBP/USD rate has fallen subsequently affecting airline industries such as EasyJet plc who are dependent on oil – meaning that this is perhaps why their share value has fallen. • With regards to the investments within portfolio 2, the critical analysis is based around explaining the capital asset pricing model (CAPM) and how the asset management firm used this model prior to investing to achieve a beneficial result for the investor. The asset management firm must calculate the beta values of the specific shares they have invested in portfolio 2, as well as their CAPM (%) and variance. From this, the report should explain what these figures mean and how this was likely to affect the return. Another fictitious example would be: “The asset management firm invested £XXX in XXX plc because the beta coefficient was below 1 meaning that the share is less volatile when reacting to the market, and so is of lower risk. As a result, investing a large amount of money means the firm expected less of a return over time but at less of a risk for the investor. If however we observe how XXX plc’s shares reacted to the market we can see that in fact their share value was volatile, suggesting that the CAPM is not always a proven method of success” Other examples for topics for discussion include investing in a share for short term/long term reward, investing in a diverse portfolio (investments across numerous different industries) for decreased level of risk for the investor, again relating specifically to the investments made. The report should also consider factors such as how the share value has changed over time, buying stocks and shares at certain points during share fluctuations, and other academic literature. The report should also discuss limitations of the CAPM and academic literature surrounding the CAPM and conclude by summarising the findings of investments in each portfolio.
How did the American civil war affect America’s society in the late 19th century?
Essay (2000 words) Answer TWO questions. Each carries equal marks (50 marks per question). Maximum 2,000 words, 1,000 words each question. 1. Discuss the relative importance of product/service attributes and organisational factors in successful new product and service development. Provide details of three product factors, and two organizational factors (10 marks per factor). it is possible to identify some consensus of what the best criteria for success: Product: ? Product advantage – product superiority in the eyes of the customer, real differential advantage, high performancetocost ratio, delivering unique benefits to users – appears to be the primary factor separating winners and losers. Customer perception is the key. ? Market knowledge – the homework is vital: better predevelopment preparation including initial screening, preliminary market assessment, preliminary technical appraisal, detailed market studies and business/financial analysis. Customer and user needs assessment and understanding is critical. Competitive analysis is also an important part of the market analysis. ? Clear product definition – this includes defining target markets, clear concept definition and benefits to be delivered, clear positioning strategy, a list of product requirements, features and attributes or use of a priority criteria list agreed before development begins. ? Risk assessment – marketbased, technological, manufacturing and design sources of risk to the development project must be assessed, and plans made to address them. Risk assessments must be built into the business and feasibility studies so they are appropriately addressed with respect to the market and the firms’ capabilities. Organizational: ? Project organization – the use of crossfunctional, multidisciplinary teams carrying responsibility for the project from beginning to end. ? Project resources – sufficient financial and material resources and human skills must be available; the firm must possess the management and technological skills to design and develop the new product. ? Proficiency of execution – stagegate process, quality of technological and production activities, and all precommercialization business analyses and test marketing; detailed market studies underpin new product success. ? Top management support – from concept through to launch. Management must be able to create an atmosphere of trust, coordination and control; key individuals or champions often play a critical role during the innovation process. 12 2. Discuss the difference between Delphi and Scenario methods, and identify in which circumstances you might use each (25 marks per method). The opinion of outside experts, or Delphi method, is useful where there is a great deal of uncertainty or for long time horizons. Delphi is used where a consensus of expert opinion is required on the timing, probability and identification of future technological goals or consumer needs and the factors likely to affect their achievement. It is best used in making longterm forecasts and revealing how new technologies and other factors could trigger discontinuities in technological trajectories. The choice of experts and the identification of their level and area of expertise are important; the structuring of the questions is even more important. The relevant experts may include suppliers, dealers, customers, consultants and academics. Experts in nontechnological fields can be included to ensure that trends in economic, social and environmental fields are not overlooked. Scenarios are internally consistent descriptions of alternative possible futures, based upon different assumptions and interpretations of the driving forces of change. Inputs include quantitative data and analysis, and qualitative assumptions and assessments, such as societal, technological, economic, environmental and political drivers. Scenario development is not strictlyspeaking prediction, as it assumes that the future is uncertain and that the path of current developments can range from the conventional to the revolutionary. It is particularly good at incorporating potential critical events which might result in divergent paths or branches being pursued. 3. Explain five factors that influence the adoption and diffusion of innovations (10 marks per factor). Numerous variables have been identified as affecting the diffusion and adoption of innovations, but these can be grouped into: ? characteristics of the innovation itself, including: ? relative advantage,…
Describe in an historical paper, the birth of the Confederacy and the American Civil War that followed and the lasting effects of that monumental War. GRADING RUBRIC FOR HISTORICAL TOPIC PAPER ……….0 to 5 points……….. UNSATISFACTORY Does not identify historical contest correctly. Makes inaccurate statements about subject matter. Does not articulate understanding of historical context. ..……6 to 12 points………. SATISFACTORY Identifies historical context correctly. Makes satisfactory statements about subject matter and articulates understanding of historical context. ……….13 to 20 points………. EXCEEDS Demonstrates a thorough understanding of subject matter, and carefully articulates historical significance. 1 The historical topic paper is to be no less than three pages in length (not to exceed four pages). 3 Essays are the telling of a particular historical period, write in sentences and paragraphs. No “bullets”; no “number 1,2,3,etc; no lettering a,b,c,etc. 4 When writing your essays, it’s important that you employ the “journalistic” approach: What is the thesis or definition of what you are writing about,? When did it occur (dates from and to)? Where did it take place? Who was involved? Why did they do (what they did)? How did they do it? What were the results…positive and negative? Experience History, Interpreting America’s Past, Eighth Edition, vol. 1 editors: Davidson, DeLay, Heyrman, Lytle and Stoff.
an argumentative essay about any subtopic under the broad topic of social class and equality must have a good thesis statement and every paragraph must have a claim and supporting evidence. citations are mandatory and absolutely no plagiarism
Resources Collaborating With Human Services Professionals Scoring Guide. Collaboration Scenarios – School Counselor Scatterdesk | Transcript. How Do I Find Peer-Reviewed Articles? Unit 5 Paper Template [DOC]. Collaboration Scenarios – Mental Health Counselor Scatterdesk | Transcript. APA Style and Format. For this assignment, review the collaboration scenarios in the presentations Collaboration Scenarios – School Counselor…
The purpose of this assignment is to develop an innovative context-relevant nursing curriculum. Write a 6-8 page paper, excluding title page, abstract, and reference page, using American Psychological Association 6th Ed. Identify the educational level of the curriculum of your design. Describe the organizing strategies for the curriculum design. Select a conceptual framework to support…
show how you can use RSU beacons to correct GPS singles with professional illustrations. Please use latest IEEE references.
The purpose of this assignment is to differentiate between law and ethics, understand how both affect today’s business environment, and identify the importance of alternative dispute resolution in business. Assignment Steps: Develop a 1,050-word summary contrasting law and ethics describing the following: – Describe how laws or regulations affect your past or current job or…