This coursework constitutes 100% of the assessment for this module. It is an individual assignment (3000 words), not a group project.
Students are required to write a report by completing the following Bloomberg based questions. Students will need to access Bloomberg on campus or remotely to do research and collect data to answer specific questions. Bloomberg Professional service is the premier provider for financial data and analysis. Students benefit from integrating theory with real-world practice. The designed Bloomberg based questions in the module on international corporate finance will help students connect relevant theories and models in the real-world and collect empirical evidence to analyse and evaluate major corporate activities and decisions made by global firms. Students will also understand the international financial system and its implications for international trade, equity and debt financing through international money markets and capital markets. By applying Bloomberg, students will learn how global firms use the functioning of the major capital and money markets and international banking to meet their funding, liquidity, and risk management objectives. Moreover, students can deepen their research, data collection and transformation skills, develop analytical skills and written communication, and make financial decisions based on actual events and real data.
Students are required to complete two questions as follows,
1. Firm-Level Analysis – TESLA
Students are required to choose the accounts of a Public Listed Company (plc) for a period of at least three years and for whom firm level information is available within the Bloomberg Database. Generate a report on the chosen company by self-study using academic resources and Bloomberg Database. The analysis should cover the following:
o Use Bloomberg Functions to find out the capital structure of the chosen company and discuss the cost of capital and its implications on the value of the firm; – 10%
o Trace the change of share price and illustrate the risk and return of the company in the market; – 10%
o Identify a piece of related news and (e.g., using economic and financial theory) explain its impact on the share price; – 10%
o Analyse the relationship between the performance of the chosen company and a relevant market benchmark index (e.g., FTSE100 Index) over the sample period (The use of quantitative techniques will merit more marks). – 10%
2. Country-Level Analysis- USA
Students need to choose the country where the above company’s headquarters is located and for whom country level information is available within the Bloomberg Database. Generate a report on the chosen country by self-study using academic resources and Bloomberg Database. The analysis should cover the following:
o Discuss the international monetary environment of the chosen country (such as history, exchange rate regime, the role of the central bank in the foreign exchange market, exchange rate crises) and the effects of international trade flows; – 10%
o Discuss the impact of the Global Financial Crisis (GFC) in 2008/09 on the chosen country’s economy (for example, students can explore the bond market and plot yield curves in their discussions); – 10%
o Comment on the impact of Covid-19 on the chosen country’s economy; – 10%
o Provide an overview of the chosen country’s currency on the foreign exchange market; – 10%
o Provide country-level insights on the chosen company and its future. – 10%
• Structure and presentation of the report – 10%
Total Marks: 100%
It is recommended to write your report with the structure of:
• Cover Page with Module Name, Module Code, Assessment Type, Student ID, Submission Date, Word Counts
• Introduction
• Main Body
• Conclusion
• Bibliography
• Tables, Figures, Appendix
Assessment Criteria and Issues
• Overall, the essay will be assessed based on the above marking standards and criteria as below and follows general grade descriptors.
o Content: accuracy, relevance, focus and coverage
o Construction of argument: integration and coherence of structure
o Quality of argument: evidence of understanding, judgement, critical analysis, originality, logic, and synthesis
o Reading and research: demonstration of independent reading
o Quality of communication: overall presentation, language, and clarity.
• I expect your individual coursework assignment is at a minimum 2800 words and a maximum 3000 words (including in-text references, but excluding end-text references, tables, figures, appendix).
• Sources of information must be included and referenced in your discussion as well as the date obtained.
• Points and/or arguments presented and made should be substantiated with data/evidence. I am interested in your own views, but it should be clear through the referencing system whether they are personal or evidenced by the views/data of others.
• A bibliography should be included using the Harvard system. This at least entails that every reference included in the bibliography is referenced in the main body of the text and that there are no references included in the bibliography that are not mentioned in the main body.
• Clarity of expression – please pass-through MS Word ’Spelling & Grammar’ or equivalent.
