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Module Code: MN0479
Module Title: International Corporate Finance and Financial Markets
Distributed on: w/c 02 March 2009 Hand in Date: 22 May 2009 by 2 pm to NBS PG office
Instructions on Assessment:
This is an individual assignment. The required length is 3000-4000 words excluding tables, bibliography and any appendices.
指导英国论文Any assignment in excess of 4,000 will be penalized by 10 marks
A word count must be stated at the front of the assignment
29 September 2008: Times OnLine
“Central banks around the world unveiled a plan to pump massive amounts of cash into the global banking system in a concerted effort to boost market confidence and inject liquidity into the global markets.
The move followed a fall in the Dow Jones of nearly 300 points in morning trade to 10,869 as the market took fright at several bank nationalisations in Europe and the US despite the approval of the "son of Tarp" — the Troubled Asset Relief Programme —bailout. The FTSE 100 index of leading shares was down almost 5 per cent, taking it to a new low for the year and below the psychologically significant threshold of 5,000”.
The International lender of last resort and selective bail-outBastidon, Gilles and Husset (2008), Emerging Markets Review, 9/2 p.144
“only solvent banks should be bailed out”
HM Treasury 29 September 2008
“The UK Government has today (29 September) acquired all the shares in Bradford & Bingley, taking control of the bank’s £50 billion mortgages and loans, while its £20bn savings unit and branches will be bought by the Spanish-owned Banco Santander Group by way of a Transfer Order made under the Banking (Special Provisions) Act 2008”.
Required
1. Critically evaluate the advantages and disadvantages of the two main methods that can be used by bidder companies to pay for acquisition targets (i.e. cash vs. shares offers) in the context of international/cross-border acquisition deals. Briefly outline a current example of an international investment decision (this relates to the seminars in weeks 6-8). Explore the reasons for the investment decision and the key risks involved with the decision.
Indicative word length 1600-1800 words
(40 marks)
2. Discuss what is meant by the term moral hazard and consider the issues as to whether bail outs should be provided to failed financial institutions.
Indicative word length 1200 words
(30 marks)
3. Based upon your presentation case study in week 10 or 11.
Attach a copy of the presentation as an Appendix and a copy of the group’s presentation learning contract.
a. Discuss the contemporary significance of the topic to global finance and
b. Provide a personal reflection discussing what knowledge (in relation to your understanding of global finance) and personal skills you have learnt from the presentation. #p#分页标题#e#
http://www.ukassignment.org/yingguolunwen/Indicative word length 1000-1200 words
(30 marks)。
Referencing your work
The Harvard method of referring to publications and of arranging references uses the author's name and the date of the publication. References are listed at the end of the text in alphabetical order by author's name. The general format of a journal reference is shown below:
Smith, J. (1999) 'How to succeed!' Journal of Entrepreneurs, 1 (2), pp.34-56
Author/s name and initials are listed first, followed by year of publication in brackets. Then there is the title of article and the journal where article appears, which is in italics. Finally, state the volume and issue Number (in brackets) along with the pages where article can be located.
For further information, including advice on how to cite information from the web, access the following website:
http://www.northumbria.ac.uk/cite
Which addresses frequently asked questions in relation to the Harvard referencing system.
Plagiarism and Cheating
Your attention is drawn to the University’s stated position on plagiarism. THE WORK OF OTHERS THAT IS INCLUDED IN THE ASSIGNMENT MUST BE ATTRIBUTED TO ITS SOURCE (a full bibliography and a list of references must be submitted).
Please note that this is intended to be an individual piece of work. Ensure that you read through your work prior to submission. Use may be made of the University Plagiarism economic detection service ‘Turnitin’. Action will be taken where a student is suspected of having cheated or engaged in any dishonest practice. Students are referred to the University regulations on plagiarism and other forms of 指导英国论文academic irregularity. Students must not copy or collude with one another or present any information that they themselves have not generated.
Learning Outcomes
This assessment will fully or partially satisfying the following learning outcomes
(as stated on the teaching and learning plan):
• To examine and critically discuss international investment decisions.
• To develop and advance discussion of contemporary international finance issues, and to reflect on and be critical of, current relevant academic literature.
This is an individual assignment. Your attention is drawn to The University’s stated position on plagiarism. The University’s regulations will be invoked where there is evidence of collusion between individuals. Therefore the work of others which is included in the assignment must be attributed to its source.
A full reference list and bibliography must be given as part of the assignment.
Assessment Criteria (NBS)
Mark Range Grade Generic Assessment Criteria
70-100
Distinction Excellent work providing evidence to a very high level of the knowledge, understanding and skills appropriate to level 7. All learning outcomes met, many at high level. Marks at the high end of this range indicate outstanding work where all learning outcomes are met at a high level. Excellent in all or most of: use of primary sources of literature from a range of perspectives; development of analysis and structure of argument; critical evaluation and creative use of theory, research methods and findings; presentation of information to the intended audience#p#分页标题#e#
60-69
Commendation Commendable work providing evidence to a high level of the knowledge, understanding and skills appropriate to level 7. All learning outcomes met, many are more than satisfied. Good in all or most of: use of up-to-date material from a variety of sources; development of analysis and structure of argument; critical evaluation of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience
55-59 Pass Satisfactory work providing evidence of the knowledge, understanding and skills appropriate to level 7. All learning outcomes are met. Satisfactory in all or most of: use of relevant material from a variety of sources; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience.
50-54 Pass
Adequate work providing evidence of the knowledge, understanding and skills appropriate to level 7 but only at a bare pass level. All learning outcomes are met (or nearly met and balanced by strengths elsewhere). Adequate in all of (or most of, with balancing strength elsewhere): use of relevant material; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience.
Mark Range Grade Generic Assessment Criteria
40-49 Fail Work is not acceptable in providing evidence of the knowledge, understanding and skills appropriate to level 7. However a majority of the learning outcomes are met and others are nearly satisfied. Adequate in most but not all of the following aspects : use of relevant material; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research 英国论文指导methods and findings to the problem in question; presentation of information to the intended audience
1-39 Fail Work is not acceptable and provides little evidence of the knowledge, understanding and skills appropriate to level 7. Few of the learning outcomes are met. Inadequate in some of the following aspects or seriously inadequate in at least one: use of relevant material; development of analysis and structure of argument; evaluation of theory; application of relevant theory, research methods and findings to the problem in question; presentation of information to the intended audience.
0 Fail Work not submitted OR Work giving evidence of serious academic misconduct (subject to regulations in ARNA Appendix 1) OR
Work showing no evidence of the knowledge, understanding and skills appropriate to level 7. None of the learning outcomes are met
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