You are required to prepare/submit an individual report discussing the following:
Choose a Multinational Enterprise (MNE) listed on an internationally recognised Stock Exchange (including for example, London, Dublin, New York, or Paris). You are required to:
a. Critically discuss two recent developments in the international financial environment which appear to have impacted on your chosen company’s recent performance and development. Analyse how these two developments are likely to impact on the company in the near future. (14 marks)
b. Discuss the following key elements of the MNE’s international financial and/or risk management strategy (and how they appear to have affected the financial performance of your chosen company):
- Sources of finance
- Dividend policy (14 marks)
c. With reference to your chosen Multinational Enterprise (and using the most recent annual report published), analyse the financial performance (in terms of profitability, liquidity, efficiency and investment) of the company in the two most recent consecutive financial periods (e.g. 2018/19 or 2019/20, ) using 8 different accounting ratios (prior year comparative figures will be available in the annual report). (32 marks)
Notes:
- You must advise your tutor of your chosen multinational enterprise to ensure suitability for use and avoid duplication.
- It is advisable to choose your multinational enterprise and download the most recent annual report by the end of week 1 – this will facilitate your preparation and allow you to effectively participate in weekly class activities.
Assessment Guidelines
- The assignment may take the form of an individual written word-processed briefing report of not more than 2500 words, including title page, contents page, intext references and citations, but excluding tables, reference list and appendices.
- Detailed guidance will be given in the tutorials in weeks 1 and 6 to explore the factors for your chosen case study and provide advice on the use of mediums/technologies for this assessment exercise.
- This element of coursework accounts for 60% of the overall assessment. Students should refer to the marking criteria attached to provide them with fuller details of marking criteria for each classification band.
Bekaert, G. J., & Hodrick, R.J., (2014), International Financial Management, 2nd Ed., Pearson, London. ISBN-10: 129202139X (also available as e-book) Jacque, L. (2014) International corporate finance. London: Wiley. ISBN 1-118-78186-4 (also available as e-book) Lumby, S. and Jones, C. (2015) Corporate finance: theory and practice. 9th ed., London: Cengage. ISBN 1-408-07989-5 (also available as e-book) |
Books Recommended (Should read/ Could read) |
Alexander, D. Britton, A., et al., (2017) International financial reporting and analysis. 7th ed. London: Cengage. ISBN 978-1-473-72545-4 Alexander, D., and Nobes, C. (2016), Financial accounting –an international introduction. 6th edition. Harlow: Pearson Education. ISBN 978-1-299283-46-6 (also available as e-book) Atrill, P., & Mc Laney E. (2017) Accounting and finance for non-specialists. 10th Edition. Harlow: FT Prentice Hall. ISBN 9781292135601 (also available as e-book) Bender, R. (2013) Corporate financial strategy, 4th ed. London: Routledge. ISBN 0-415-64041-5 (also available as e-book) Eiteman, D.K., et al., (2016), Multinational Business Finance, 14th Ed., Pearson, London, ISBN-10: 1292097876 Hill, C. W. L. (2017) International business. 11th ed. New York: Pearson. ISBN 9781260084153 Pilbeam, K. (2013) International finance. 4th ed. Basingstoke: Palgrave Macmillan. ISBN 978-1-137116-37-6. Ward, A. M. (2014) Finance: theory and practice. 3rded. Dublin: Chartered Accountants Ireland. ISBN 978-1-908199-48-5 Watson, D. & Head, A. (2016) Corporate finance 7th ed. New York: Pearson. (also available as e-book) |
Useful Journals |
International Business Review Journal of International Business Studies (12 month full-text embargo) Journal of World Business Harvard Business Review International Small Business Journal |